Financial News
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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 -
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 Cara Salpini • May 9, 2025 -
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 Daphne Howland • May 9, 2025 -
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 -
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 -
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 -
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 Daphne Howland • May 8, 2025 -
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 -
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 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 Kaarin Moore • May 7, 2025 -
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 Daphne Howland • Updated May 6, 2025 -
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 -
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 Kaarin Moore • 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 -
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 -
The image by DOAI MOGHA0 Hoo is licensed under CC BY-SA 4.0
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 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 Caroline Jansen • May 2, 2025 -
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 Daphne Howland • May 2, 2025 -
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 -
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 -
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 Cara Salpini • April 30, 2025 -
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 Daphne Howland • April 29, 2025 -
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 -
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