Fed cuts main rate by half point, voices confidence that inflation is falling

The central bank trimmed borrowing costs from a two-decade high after policymakers noted their growing concern about a softening labor market.

By Jim Tyson • Sept. 19, 2024

Would-be Estée Lauder investor has no plans to boost ‘mini-tender’ offer

The luxury beauty and fashion conglomerate said it doesn’t endorse the below-market bid, which doesn’t require typical disclosures because it’s for less than 5% of its outstanding shares.

By Daphne Howland • Sept. 16, 2024

Build-A-Bear names chief revenue officer

David Henderson, who previously worked with Hasbro and Melissa & Doug, comes to the retailer after it reported a record Q2.

By Nate Delesline III • Sept. 13, 2024

With new investment, Kendra Scott eyes geographic, category growth

Private equity firm 65 Equity Partners has invested an undisclosed amount in the accessories brand, though founder Scott herself retains a majority stake.

By Daphne Howland • Sept. 13, 2024

The Weekly Closeout: Sephora North America names next CFO and Petco’s losses grow

Ten-year company veteran Delphine Herve will take on the position at the beauty retailer. Meanwhile, the pet retailer saw net loss surge by 70% in Q2.

By Retail Dive Staff • Sept. 13, 2024

Big Lots gets court OK for $550M in bankruptcy financing

The funding will allow the bargain-focused retailer to continue normal operations, including paying employees and vendors.

By Nate Delesline III • Sept. 12, 2024

GameStop eyes more store closures as sales fall 31%

A store optimization review is underway as the video game retailer continues to face significant obstacles.

By Nate Delesline III • Sept. 11, 2024

The big switch: Why Shoe Carnival is flipping some of its stores into Shoe Stations

In a few test locations, stores that were rebannered as Shoe Stations performed “exceptionally well,” according to CEO Mark Worden.

By Kaarin Moore • Sept. 11, 2024

Backcountry acquired by CSC Generation Enterprise

The outdoor gear retailer will continue to operate under its own name and recently moved to expand into wholesale.

By Nate Delesline III • Sept. 10, 2024

Under Armour to close California distribution center amid restructuring plan

The decision to exit one of its primary distribution facilities will cost the athletics retailer an additional $70 million in restructuring charges.

By Cara Salpini • Sept. 10, 2024

Private equity firm sweeps up LL Flooring, which will stay in business after all

The bankrupt home improvement company, previously Lumber Liquidators, has inked a deal to be acquired by F9 Investments, its largest shareholder.

By Daphne Howland • Sept. 9, 2024

Big Lots files for Chapter 11 bankruptcy

The bargain-focused retailer said Nexus Capital Management has offered a $620 million stalking horse bid.

By Nate Delesline III • Sept. 9, 2024

LL Flooring to liquidate, close all stores after no buyer found

"This is not the outcome that any of us had hoped for," CEO Charles Tyson said in messages to customers and vendors.

By Nate Delesline III • Sept. 6, 2024

The Weekly Closeout: Under Armour hires (another) Adidas vet and Bluemercury turns 25

The athletics retailer appointed a new leader in its Europe, the Middle East and Africa division, while the beauty company refreshed its online presence. 

By Retail Dive Staff • Sept. 6, 2024

Dollar Tree delivers weak Q2, cuts full-year guidance

Family Dollar customers are leaving for other stores like Walmart, according to analysts, as the banner shrinks its footprint.

By Nate Delesline III • Sept. 4, 2024

While others falter, Dick’s stays strong with 8% sales growth

CEO Lauren Hobart said the retailer continues to thrive thanks to long-term investments in product assortment, customer experience and stores.

By Cara Salpini • Sept. 4, 2024

Bath & Body Works’ semi-annual sale ‘fell short of our expectations’

As a result, the company is evaluating its approach to the event, including the timing, marketing and messaging. 

By Kaarin Moore • Sept. 4, 2024

Walgreens sued by shareholder amid plummeting stock price

The company’s top directors — including CEO Tim Wentworth and CFO Manmohan Mahajan — allegedly breached their fiduciary duty by inflating Walgreens’ performance projections.

By Rebecca Pifer • Sept. 4, 2024

Allbirds plans reverse stock split to regain Nasdaq compliance

The once-DTC darling was warned of a possible delisting in April and has until the end of the month to regain compliance.

By Cara Salpini • Sept. 3, 2024

Off-price retailers poised to take even more market share from department stores

TJX, Ross and Burlington all enjoyed higher sales and profits in the second quarter.

By Daphne Howland • Sept. 3, 2024

Dollar General sees ‘cash-strapped consumer,’ cuts guidance

The company said its core base of lower-income shoppers had less to spend, as it reported top-line results that were below expectations for Q2.

By Nate Delesline III • Aug. 30, 2024

Ulta slashes guidance again on flat sales and declining comps

Usually a high performer, the beauty retailer is losing share and struggling with the impacts of Sephora’s broad expansion at Kohl’s.

By Cara Salpini • Aug. 30, 2024

The Weekly Closeout: Pacsun names CFO, Abercrombie posts ‘record’ Q2 net sales

The teen retailer hired BowFlex, Inc. veteran Aina Konold, while the apparel company saw sales increase 21% year over year to $1.1 billion.

By Retail Dive Staff • Aug. 30, 2024

Gap Inc. CEO: ‘We’re running a fundamentally stronger business’

The retailer gained share in Q2, with Old Navy and namesake Gap making strides. Can the momentum continue?

By Daphne Howland • Aug. 30, 2024

A slowing women’s business is hurting Lululemon’s growth

While CEO Calvin McDonald said the Breezethrough leggings debacle had a “negligible impact” on its sales, the brand continues to suffer from other merchandise misses.

By Cara Salpini • Aug. 30, 2024