Financial News: Page


  • Ulta storefront
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    Courtesy of Ulta
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    Ulta's net income falls 95% as e-commerce grows by more than 200%

    The beauty retailer is preparing for the holiday season by pushing up the opening of a new fulfillment center to handle a higher mix of digital sales.

    By Aug. 28, 2020
  • A Gap storefront at a mall
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    Cara Salpini/Retail Dive
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    Gap Inc. will close 225 stores this year, more in 2021

    Gap and Banana Republic footprints will shrink as Athleta emerges as the company's best performer. But executives dismissed the notion of a spinoff.

    By Aug. 28, 2020
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
  • Dollar stores get another boost from pandemic shopping habits in Q2

    Dollar General comp sales were up nearly 19%, while rival Family Dollar comps were up in double digits too. 

    By Aug. 27, 2020
  • Puffy clouds and green trees frame a suburban department store building.
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    Daphne Howland/Retail Dive
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    With no buyer in sight, Lord & Taylor liquidates all stores

    All 38 locations are going out of business after the pandemic shredded hopes of a comeback for the 200-year-old retailer.

    By Aug. 27, 2020
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    Courtesy of Businesswire
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    Tiffany swings back to profit in Q2

    The jeweler extended the outside date it could walk away from its merger deal with Parisian luxury house LVMH, which hasn't said if it agrees.

    By Aug. 27, 2020
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: When malls buy their tenants

    Mall owners are snapping up distressed retailers as years of operational pressures and a pandemic combine to take down anchors and their neighbors.

    By Retail Dive Team • Aug. 27, 2020
  • Madewell expands its Insider loyalty program

    The apparel retailer joins other companies, including Sephora, Michaels and Macy's, that have recently revamped their programs. 

    By Tatiana Walk-Morris • Aug. 26, 2020
  • Bed Bath & Beyond lays off 2,800

    The staff reduction combined with 200 store closures will realize savings of as much as $350 million and help expand omnichannel services and private label.

    By Aug. 26, 2020
  • External shot of a Dick's Sporting Goods store.
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    Daphne Howland/Retail Dive
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    Dick's emerges as COVID-19 era winner with Q2 comps up 20.7%

    Consumer interest in biking, running, golf, and other outdoor and fitness activities drove record sales and profits at the sporting goods specialist. 

    By Aug. 26, 2020
  • J. Crew exits bankruptcy

    The apparel seller's new owner sees "an immense opportunity for growth and expansion" for the company's brands.

    By Updated Sept. 11, 2020
  • Pandemic, casualization of attire bring 'disaster' to Nordstrom in Q2

    The department store's low inventory may be more a sign of pandemic-related upheaval in the supply chain than its usual tactic to protect margins.

    By Aug. 26, 2020
  • Retail is 'scrambling' to keep up with accelerated disruption in the COVID-19 era

    A new Moody's report estimates that 20% of mall stores could close in five years amid faster-growing online shopping.

    By Aug. 25, 2020
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    Courtesy of PR Newswire
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    Anthropologie wedding brand BHLDN launches plus assortment

    The retailer has joined several digital upstarts in offering extended sizes for brides and bridesmaids, a path to a greater share of a shaken market.

    By Aug. 25, 2020
  • Nike's first Nike Rise concept store in Guangzhou, China
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    Courtesy of Nike
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    Report: Nike shutting down 9 wholesale accounts in shift to DTC

    Among those closing are Belk, Dillard's and Zappos, according to an analyst note from Susquehanna Financial Group.

    By Aug. 25, 2020
  • A bright yellow sign against a blue roof says "Best Buy" in bold black letters.
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    Daphne Howland/Retail Dive
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    Best Buy online comps grow 242% in Q2

    While it won't last forever, working, learning and cooking at home spurred sales throughout the quarter and into the third, even when stores were closed.

    By Aug. 25, 2020
  • A Donald Duck balloon in a vintage photo of the Macy's parade.
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    Courtesy of Macy's
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    Macy's will 'reimagine' Thanksgiving Day Parade

    After disrupting the department store's turnaround, the pandemic takes yet another whack at its plans this year.

    By Aug. 24, 2020
  • Neiman Marcus store in Friendship Heights, Maryland
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    Daphne Howland/Retail Dive
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    Neiman Marcus creditors are still agitating in final innings of bankruptcy

    Meanwhile, the retailer's primary antagonist, hedge fund Marble Ridge Capital, is dissolving after a federal bankruptcy watchdog issued a damning report. 

    By Aug. 24, 2020
  • Amazon retail chief to retire

    Jeff Wilke has spent more than two decades at the e-commerce giant, and was widely viewed as a possible successor to Jeff Bezos as CEO.

    By Aug. 24, 2020
  • Sally Beauty, CosmoProf launch accelerator for women-owned brands

    Four brands will receive online distribution and a virtual boot camp focused on merchandising, social media, marketing and e-commerce. 

    By Tatiana Walk-Morris • Aug. 24, 2020
  • S&P: Foot traffic to shopping centers reaching pre-pandemic levels

    Foot traffic analysis is mixed, with outlet centers performing much better, while other data firms show traffic remains broadly depressed.

    By Aug. 21, 2020
  • Inventory disruption roils TJX, Ross in Q2

    But the off-price pipeline is relatively easy to restore, and the sector remains among the best positioned in retail, analysts say.

    By Aug. 21, 2020
  • Estée Lauder will close up to 15% of its stores, exit some department stores

    The beauty giant announced a pandemic-related restructuring plan that shifts its priorities toward digital and away from unproductive locations.

    By Aug. 21, 2020
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    Tru Kids
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    Toys R Us online sales now supported by Amazon

    The e-commerce giant has taken over a role that Target stepped into during the holiday period last year. 

    By Aug. 21, 2020
  • Lord & Taylor to liquidate 5 more stores

    As they expand the number of permanent closures, owner Le Tote and its department store business said they continue to review offers for a sale.

    By Aug. 20, 2020
  • Modell's brand sold to owner of Dressbarn, Pier 1 IP

    The sporting goods retailer's trademarks and other assets sold for $3.6 million after it filed for bankruptcy and moved to liquidate its stores.

    By Aug. 20, 2020