Financial News


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    Permission granted by Liza Amlani, Retail Strategy Group
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    Column

    The Weekly Closeout: Hudson’s Bay lands ‘several’ bids and Trump threatens Mattel with tariffs

    None of the Canadian retailer’s bids are from insiders. Meanwhile, the president responded to the toy brand's statements on diversifying its supply chain.

    By Retail Dive Staff • May 9, 2025
  • Exterior of an Allbirds store in Washington, D.C.'s Georgetown neighborhood
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    Caroline Jansen/Retail Dive
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    Despite 18% sales drop, Allbirds says it could return to top-line growth in Q4

    The footwear brand’s new product lineup is set to hit shelves this fall and a refreshed store concept at one location is leading to higher sales.

    By May 9, 2025
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    Daphne Howland/Retail Dive
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    REI Union’s successful ‘Vote No’ campaign leaves 3 board seats empty

    The outdoor category has faltered with the end of its pandemic boom, and the retailer reported a 2024 net sales decline, though losses narrowed.

    By May 9, 2025
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    Purple sales down 13% in Q1, citing softness in wholesale, e-commerce channels

    The company said it’s more than doubling its presence in Mattress Firm stores at a time when the brand’s wholesale business is down 24%.

    By Howard Ruben • May 9, 2025
  • A Coach retail store as seen from above, with people walking by on the street below.
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    Kevin Frayer via Getty Images
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    Tapestry reports record third quarter, raises guidance

    Coach revenue gains offset losses at Kate Spade, while Stuart Weitzman saw steep declines ahead of its sale to Caleres this summer.

    By Lara Ewen • May 9, 2025
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    Daphne Howland/Retail Dive
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    Warby Parker posts first quarterly net profit since going public

    The brand is working to mitigate tariff impacts, but has already had to raise prices on some lenses and accessories.

    By Dani James • May 8, 2025
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    Cara Salpini/Retail Dive
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    Crocs yanks guidance, citing trade uncertainty

    The company recently joined with other footwear brands to urge the Trump administration to exempt the category from tariffs.

    By May 8, 2025
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    Courtesy of Hims & Hers
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    Hims & Hers hires former Amazon exec as Q1 revenue doubles

    Nader Kabbani, who spent almost 20 years at the e-commerce giant, joins the health startup as chief operations officer.

    By Tatiana Walk-Morris • May 8, 2025
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    Daphne Howland/Retail Dive
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    GameStop sells its Canadian business

    Entrepreneur Stephan Tetrault acquired the business for an undisclosed amount, adding to his list of toy and gaming ventures.

    By Dani James • May 7, 2025
  • Mattel launches its PlayBack program.
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    Courtesy of Mattel
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    Mattel warns of price increases amid tariff pressure

    The toy manufacturer is accelerating a pullback from China, which already accounts for less than 20% of its U.S. imports, a distinct advantage over rivals.

    By May 7, 2025
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    Rite Aid files for bankruptcy 8 months after exiting Chapter 11

    The drugstore retailer is in talks to sell itself, but could liquidate its entire footprint if no buyers emerge.

    By Updated May 6, 2025
  • Two Skechers sneakers are pictured on a store display advertising a sale.
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    Brandon Bell via Getty Images
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    Skechers to go private in $9.4B deal

    3G Capital is paying $63 per share in cash, which analysts say represents a bet that the footwear sector will be profitable in the long term despite tariffs.

    By Laurel Deppen • May 5, 2025
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    Courtesy of Ebay
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    EBay restructures leadership, brings in new CFO

    A former PayPal exec is stepping into the role. Meanwhile, the company is bringing together its product and marketing teams and consolidating engineering.

    By May 5, 2025
  • Kirkland’s eyes additional $5M in funds from Beyond as fourth-quarter sales drop

    The home retailer, which saw net income fall more than 20% in Q4, will use the money in part to open Bed Bath & Beyond Home and Overstock stores.

    By Dani James • May 5, 2025
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    Kaarin Moore/Retail Dive
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    Retail job cuts up nearly 80% in April

    Retail announced over 64,000 job cuts so far this year, the second most of any industry, according to a report from Challenger, Gray & Christmas.

    By Howard Ruben • May 5, 2025
  • A Vans store in a mall. A shopper is inside.
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    The image by DOAI MOGHA0 Hoo is licensed under CC BY-SA 4.0
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    VF lays off about 400 employees

    The Vans owner said the cuts are part of the company’s ongoing turnaround strategy.

    By Laurel Deppen • May 5, 2025
  • Wayfair's Wilmette store.
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    Courtesy of Wayfair
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    Wayfair’s customer base continues to shrink as revenue remains flat in Q1

    Executives remained optimistic about the online retailer’s ability to weather tariff pressures, touting its marketplace structure.

    By May 2, 2025
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    JasonDoiy via Getty Images
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    Amazon could gain share under tariffs, as it did during the pandemic, CEO says

    The e-commerce giant is “pretty maniacally focused” on keeping prices low, CEO Andy Jassy told analysts Thursday.

    By May 2, 2025
  • A store with a sign in orange letters that says "Big Lots!"
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    Daphne Howland/Retail Dive
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    Column

    The Weekly Closeout: NRF chief defends tariffs, Big Lots accelerates store openings

    Matt Shay, CEO of the trade group, called duties “an extraordinarily important tool” for President Trump. Meanwhile, the discount retailer is opening 132 stores this month alone.

    By Retail Dive Staff • May 2, 2025
  • Walmart redesigned store experience in grocery.
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    Courtesy of Walmart
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    How grocery continues to drive Walmart’s top line

    The category brought in $276 billion in net sales in fiscal 2025, up nearly 12% from the same period two years ago, the retailer said in its annual report.

    By Catherine Douglas Moran • May 1, 2025
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    Courtesy of Adidas
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    Adidas: If tariffs stay, ‘of course there will be price increases’

    CEO Bjørn Gulden stressed that they have not been implemented yet, though, and the retailer will follow the lead of others in the market.

    By April 30, 2025
  • A red Burlington storefront says "ladies, mens, kids, baby, home, coats," as clouds billow overhead in a bright blue sky.
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    Daphne Howland/Retail Dive
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    Burlington snags 45 of Joann’s store leases out of bankruptcy

    The off-price retailer is taking advantage of the craft company’s closure as new shopping center growth diminishes.

    By Dani James • April 30, 2025
  • Another U-turn at Beyond: brick and mortar for BuyBuy Baby

    The company, which continues to shake up its portfolio and branding strategies, is also opening Overstock stores.

    By April 29, 2025
  • A closeup of colorful Skechers sneakers on display in a store.
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    Brandon Bell/Getty via Getty Images
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    Skechers announces record sales but pulls guidance

    The footwear giant saw both wholesale and DTC sales rise but cautioned that current trade policies have created macroeconomic uncertainty.

    By Lara Ewen • April 29, 2025
  • A Carter's Babies and Kids storefront with a blue sky
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Carter’s pulls guidance as profits plummet, tariffs loom

    The children’s clothing company's new CEO is navigating a turnaround amid falling sales and rising uncertainty.

    By Tatiana Walk-Morris • April 28, 2025