Wayfair's net income shoots up 164% in Q3

The retailer has capitalized on pandemic-driven trends and notched two consecutive quarters of profitability as a result. But analysts question how long it will last.

By Caroline Jansen • Nov. 3, 2020

Bankrupt Stein Mart has a $4M bid for its IP

Setting the baseline for a Nov. 18 auction is Retail Ecommerce Ventures, which may keep Stein Mart alive online after liquidation.

By Ben Unglesbee • Updated Nov. 11, 2020

Nike increases layoffs at headquarters to 700

In July, the retailer said it would lay off "at least" 500 employees. That number has now grown as the company pursues the next phase of its strategy.

By Cara Salpini • Nov. 3, 2020

The decade of VC funding that shaped e-commerce and DTC brands

Direct to consumer might be the buzziest trend in retail over the past 10 years, but it's not where all the money's going.

By Cara Salpini • Nov. 3, 2020

CBL, PREIT file for bankruptcy as retail's problems hit mall landlords

Both entered Chapter 11 with pre-negotiated deals with lenders, after COVID-19 brought massive revenue declines to the mall operators. 

By Ben Unglesbee • Nov. 2, 2020

Chico's shores up finances, digital operations amid store closures

With stricter attention to profitability, the company has permanently closed 28 locations this year and plans as many as 50 more. 

By Daphne Howland • Nov. 2, 2020

B8ta acquires retail-as-a-service startup Re:store

The deal comes after B8ta announced corporate layoffs during the early days of the pandemic.

By Tatiana Walk-Morris • Nov. 2, 2020

How years of investor-friendly finance left retailers vulnerable to crisis

Public and private companies have transferred billions of dollars to their investors over the years. Could that money have saved their business instead?

By Ben Unglesbee • Nov. 2, 2020

Pier 1 relaunches as online store

After liquidating its physical stores in Chapter 11, the home brand's IP and online assets were sold to Retail Ecommerce Ventures for $31 million.

By Tatiana Walk-Morris • Oct. 30, 2020

Under Armour to exit up to 3K wholesale doors, sell MyFitnessPal

The moves come as the retailer looks to shift to a more DTC-centered approach and drop undifferentiated partners.

By Cara Salpini • Oct. 30, 2020

Pandemic fuels blockbuster Amazon Q3 even without Prime Day

But the e-commerce giant seems to have ceded some market share to rivals, which are logging even higher increases in online sales, analysts said.

By Daphne Howland • Oct. 30, 2020

Amazon to hire 100K seasonal workers

Other retailers, like Walmart and Target, have also hired for roles devoted to same-day services or e-commerce fulfillment during the holidays. 

By Tatiana Walk-Morris • Oct. 30, 2020

Rue21 taps former shopping channel exec as CEO

Bill Brand, tasked with expanding the apparel retailer's e-commerce and "creating unique brand experiences," replaces interim chief John Fleming.

By Daphne Howland • Oct. 29, 2020

Walmart launches new test stores to further blend tech and in-store ops

The prototype locations will allow the retailer to quickly experiment with ways to make fulfillment more efficient and move in-store inventory online. 

By Ben Unglesbee • Oct. 29, 2020

LVMH to buy Tiffany for $15.8B, shaving $400M off the price

The agreement is otherwise unchanged from their previous one, wipes away the companies' dueling lawsuits and is expected to close early next year.

By Daphne Howland • Oct. 29, 2020

The Backroom: How retailers are navigating holiday 2020

As the season kick-starts earlier than ever, the industry braces for a fourth quarter plagued by uncertainty.

By Retail Dive Staff • Oct. 29, 2020

Levi's shuffles senior leadership to focus on digital strategy

As the COVID-19 pandemic shifts spending online, the brand will focus on DTC and the digitization of its operations. 

By Tatiana Walk-Morris • Oct. 29, 2020

Will toys' pandemic-driven growth continue into the holidays?

The category, struggling since the death of Toys R Us, has gotten a boost this year as desperate parents try to keep their kids entertained.

By Ben Unglesbee • Oct. 28, 2020

Bed Bath & Beyond plots 10 private labels as part of turnaround plan

The home goods retailer will invest up to $1.5 billion over the next three years in store remodels, technology and owned brands, among other things.

By Caroline Jansen • Oct. 28, 2020

Nordstrom to open 2 more Los Angeles-area Local stores

The pandemic has interfered with the department store's ambitious plans to bring its "market strategy" to more cities.

By Daphne Howland • Oct. 28, 2020

'Death of an entity': 10 retailers that liquidated this year

The COVID-19 crisis may have indirectly spared some retailers in bankruptcy. But several were forced to wind down when they couldn't find a savior.

By Ben Unglesbee • Oct. 28, 2020

Ross shrugs off pandemic with 39 new stores in 17 states

But the off-price retailer says it's finished adding to its fleet this year after opening 66 stores, far fewer than the 100 it had planned.

By Daphne Howland • Oct. 27, 2020

Tapestry sticks with interim CEO permanently

Joanne Crevoiserat, previously the conglomerate's CFO, had taken the top role after the abrupt July departure of Jide Zeitlin.

By Daphne Howland • Oct. 27, 2020

Tuesday Morning opts to go it alone rather than sell itself in Ch. 11

Up until last week, the bankrupt off-pricer hadn't chosen whether to reorganize or hand over the keys to a buyer. It made its choice Monday. 

By Ben Unglesbee • Oct. 27, 2020

Carter's to close at least 200 stores

The largest U.S. children's apparel company is taking advantage of expiring leases and "kickout provisions" to shrink its fleet.

By Daphne Howland • Oct. 26, 2020