Financial News: Page 2
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Guess announces $200M share repurchase program
The board also approved the restructuring of its debt — the third time the apparel retailer has taken such move in 12 months.
By Nate Delesline III • April 1, 2024 -
Courtesy of Lands' End
Lands’ End lays off 10% of corporate workforce
Most of those layoffs came in January, though some were the result of earlier changes to the retailer's sourcing organization.
By Nate Delesline III • March 29, 2024 -
Explore the Trendline➔
Getty Images
TrendlineThe 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 -
Daphne Howland/Retail Dive
Despite last year’s declines, Torrid could grab more market share
The plus-size leader faces ongoing reluctance to spend on discretionary goods, but has inventory control and other strengths on its side.
By Daphne Howland • March 29, 2024 -
Daphne Howland/Retail Dive
H&M Group plans to invest more in physical stores, including refurbishing 250 globally
The fast-fashion company has been shuttering hundreds of locations and growing its e-commerce, but said the pace of closures will slow this year.
By Daphne Howland • March 28, 2024 -
Oatawa via Getty Images
E-commerce deal count fell more than 50% in 2023: PitchBook
Even as trends improved in the back half of the year, overall deal count and value fell last year compared to 2022.
By Howard Ruben • March 27, 2024 -
Daphne Howland/Retail Dive
GameStop cuts undisclosed number of jobs as Q4, full-year sales fall
As pressure mounts on the sector from declining hardware sales and rising streaming subscriptions, analysts question the retailer’s long-term survival.
By Nate Delesline III • March 27, 2024 -
Courtesy of Canada Goose
Canada Goose cuts corporate workforce by 17%, shakes up executive roles
As part of a DTC focus, the brand said about a year ago that it would double its footprint within five years, but some analysts anticipate that slowing.
By Daphne Howland • March 26, 2024 -
Courtesy of Academy Sports and Outdoors
Academy Sports and Outdoors plans up to 180 store openings over the next five years
The retailer said it sees a long-term potential to operate over 800 stores nationwide.
By Nate Delesline III • March 26, 2024 -
Permission granted by Lalo
Lalo secures equity investment round
The round, led by consumer venture group Forecast Labs, will be used to boost sales and explore growth opportunities in retail.
By Howard Ruben • March 26, 2024 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
Destination XL to open 9 stores this year
The company also has plans for future locations as it builds out a strategy to meet customers where they live, according to CEO Harvey Kanter.
By Tatiana Walk-Morris • March 25, 2024 -
Nate Delesline III/Retail Dive
Target doubles bonuses for salaried employees
The move comes as competitors, namely Walmart, sweeten their benefits.
By Nate Delesline III • March 22, 2024 -
Courtesy of Cyklar
The Center adds body care brand Cyklar to its portfolio
The beauty accelerator, which houses brands like Saltair and Phlur, has partnered with the Claudia Sulewski-founded brand.
By Howard Ruben • March 22, 2024 -
Daphne Howland/Retail Dive
Nike addresses flaws in DTC strategy as Q3 revenues come in flat
CEO John Donahoe said the sportswear brand “is not performing at our potential” and needs to lean back into wholesale and product innovation.
By Cara Salpini • March 22, 2024 -
Daphne Howland/Retail Dive
Has Lululemon peaked?
Growth in North America has slowed, but analysts aren’t worried, given the brand’s innovation, past nimbleness and potential abroad.
By Daphne Howland • March 22, 2024 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Layoffs at Walgreens and what would it mean if Nordstrom went private?
The drugstore chain closed two distribution centers. Meanwhile, go-private rumors at the department store could have been sparked by Macy’s.
By Retail Dive Staff • March 22, 2024 -
Permission granted by Chewy
Chewy posts 4.2% sales gain in Q4 even as active customers decline
The online pet retailer benefited from sales in the non-discretionary and health categories, as well as its Autoship subscription service.
By Caroline Jansen • March 21, 2024 -
Courtesy of Five Below
Five Below scales back self-checkout to fight shrink
Hiring more store associates will improve customer service and help fight what executives said was an unexpectedly high level of inventory loss.
By Daphne Howland • March 21, 2024 -
Daphne Howland/Retail Dive
J. Jill manages to expand its fleet, by one store
The women's apparel retailer saw decent sales during the holiday quarter, thanks in part to an extra week, and boosted its margins.
By Daphne Howland • March 20, 2024 -
Courtesy of Solo Brands
New Solo Brands CEO initiates ‘full strategic review’
Chris Metz says the company will focus in on Solo Stove and Chubbies as it looks to address a lack of product innovation at the company.
By Suzette Parmley • March 19, 2024 -
Permission granted by FabFitFun
FabFitFun acquires PupBox from Petco
The deal both satisfies a need from existing members who have been asking for more pet offerings and allows the company to reach new audiences.
By Caroline Jansen • March 19, 2024 -
Courtesy of Joann
Joann files for Chapter 11 with a plan to cut $500M in debt
Thanks to an agreement with lenders, stores will be open and vendors paid throughout the bankruptcy process, which could be completed next month.
By Daphne Howland , Nate Delesline III • March 18, 2024 -
Joe Raedle via Getty Images
Ballooning credit card balances already loom over 2024’s retail sales
The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.
By Daphne Howland • March 18, 2024 -
Courtesy of Fossil
Longtime Fossil CEO out as company announces strategic review
The departure of Kosta Kartsotis, who spent over 20 years at the helm, came as the retailer reported Q4 sales falling nearly 16% and losses widening.
By Howard Ruben • March 15, 2024 -
Daphne Howland/Retail Dive
Macy’s moves to beef up real estate expertise on its board
Arkhouse Management, which upped its takeover bid to $6.6 billion, has criticized the retailer for having only one director with a real estate track record.
By Daphne Howland • March 15, 2024 -
Spencer Platt via Getty Images
Adidas posts first annual net loss in over 30 years
However, the retailer dodged a much-discussed operating loss for the year, with the sale of Yeezy merchandise helping it notch a profit.
By Cara Salpini • March 15, 2024
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