Financial News: Page 2
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"Destination XL Group - DXL (51788714899).jpg" by Ajay Suresh is licensed under CC BY 2.0
Destination XL rejects $46M go-private offer
The 82 cents-per-share offer does not reflect the company’s value and is “highly conditional and opportunistic,” Board Chairman Lionel Conacher said.
By Lara Ewen • May 29, 2026 -
The image by Windmemories is licensed under CC BY-SA 4.0
Capri Holdings’ ‘biggest issue’ is footwear
Michael Kors is going through a strategic repositioning of the category, as that brand and Jimmy Choo prioritize more casual styles.
By Lara Ewen • May 28, 2026 -
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 -
Sephora a surprise drag on Kohl’s in Q1
The department store posted some improvement in the period but margin gains were meager, and sales are expected to be flat at best this year.
By Daphne Howland • May 28, 2026 -
CBP raises accepted tariff refunds to $85B
As of Friday, about $20.6 billion in certified refunds with interest have been completed through Customs and Border Protection’s dedicated portal.
By Antone Gonsalves • May 28, 2026 -
Best Buy incoming CEO: ‘We’re not just a retailer anymore’
Jason Bonfig, who takes on the top post in November, plans to grow the business by investing in advertising, customer experience and new store formats.
By Cara Salpini • May 28, 2026 -
Why Everlane and Shein are actually a good match
The direct-to-consumer apparel brand resorted to fast fashion — and broke its promises — well before its deal with the Chinese low-price leader.
By Daphne Howland • May 28, 2026 -
Bath & Body Works CEO: ‘We are in the early stages’ of transformation
The retailer reported that Q1 net sales dipped 3% year over year. Meanwhile, CFO Eva Boratto will step down from her role in June.
By Kaarin Moore • May 27, 2026 -
Another strong quarter for Dick’s quells some Foot Locker fears
The Foot Locker business posted its first positive comps since late 2024 and the company raised guidance for both banners.
By Cara Salpini • May 27, 2026 -
Target, Walmart vie for beauty customers
The retailers are investing in ways to court beauty consumers away from specialty retailers, trying new staffing models and remixing the merchandising assortment.
By Dani James • May 27, 2026 -
Shoe Carnival ditches rebanner strategy
The company sees renewed merit in running its namesake and Shoe Station brands as independent components of its portfolio.
By Kaarin Moore • May 26, 2026 -
Walmart ties expected tariff refunds to price strategy amid cost pressures
CFO John David Rainey said potential recoveries would be directed toward lowering prices as fuel costs pressure consumers.
By Alexei Alexis • May 26, 2026 -
E.l.f. Beauty does an about-face on price hikes
Following a “pronounced decline” in unit volume, CEO Tarang Amin said the company was testing adjustments to its tariff-driven strategy.
By Lara Ewen • May 22, 2026 -
It’s official: Shein will acquire Everlane
The deal promises to salvage the sustainability-oriented DTC brand’s finances, but its tie-up with the Chinese fast-fashion giant comes at a cost.
By Daphne Howland • May 22, 2026 -
Column
The Weekly Closeout: John Varvatos quietly exits Under Armour and Victoria’s Secret’s ticker gets sexier
The designer left the athletics brand last fall. Meanwhile, the lingerie company will sport a new ticker symbol, VSXY, on the NYSE.
By Retail Dive Staff • May 22, 2026 -
Hasbro finds a star revenue player in Magic: The Gathering
The toy company reported $1 billion in net revenue in Q1. Revenue for the Wizards of the Coast division, which oversees Magic, was up 26%.
By Kaarin Moore • May 22, 2026 -
Amer Sports CFO: No visibility on tariff refunds
Andrew Page told Retail Dive that the company, which runs Arc’teryx and Salomon, will see little impact from the refunds anyway. Revenue at the business was up 32% in Q1.
By Cara Salpini • May 21, 2026 -
Roberto Cavalli to be acquired by Destination Maternity parent company
Marquee Brands will own a majority interest in the fashion house in a deal that is expected to close in Q2 of this year.
By Kaarin Moore • May 21, 2026 -
Walmart warns of price increases due to fuel costs
The retailer expects somewhat higher retail price inflation in Q2 if the fuel shocks from the war in Iran persist. However, Walmart maintained its full-year guidance.
By Dani James • May 21, 2026 -
Lee jeans sold to brand management firm for up to $1B
The denim label is the latest IP to be scooped up by Authentic Brands Group, which is aiming for $100 billion in annual retail sales.
By Daphne Howland • May 21, 2026 -
Vans ekes out sliver of growth in the US
The brand’s revenue tumbled globally for the quarter and year, but the sign of recovery at home is “the real story” for VF Corp., analysts said.
By Daphne Howland • May 20, 2026 -
Lowe’s efforts to win over pros could save it from the home sector’s challenges
The retailer — which saw sales increase 10% in Q1 — is turning to the customer segment as DIY demand remains down.
By Caroline Jansen • May 20, 2026 -
Target hits bullseye with ‘impressive’ earnings
The retailer’s Q1 performance beat expectations and boosted confidence in its turnaround efforts — but it’s still early innings for the multiyear strategy.
By Dani James • May 20, 2026 -
Ikea franchisor to cut 850 jobs
Inter Ikea Group said the reduction in workforce is necessary as it focuses on increasing sales growth, reducing prices and boosting traffic across channels.
By Caroline Jansen • May 19, 2026 -
Column
The Weekly Closeout: Another entertainment exec at Gap Inc., and tariff refunds trickle in
The apparel conglomerate beefed up its "fashiontainment" roster, while retailers are getting their money back on import levies canceled by the Supreme Court.
By Retail Dive Staff • May 15, 2026 -
Marc Jacobs to be acquired by Toys R Us parent company
LVMH is selling the fashion label after nearly three decades to brand management firm WHP Global.
By Kaarin Moore • May 14, 2026