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

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

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