Financial News: Page 2

  • Stacked white boxes of makeup on a black store display
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    Gabe Ginsberg / Stringer via Getty Images

    Morphe parent company files for Chapter 11 bankruptcy

    Forma Brands — which also operates Playa Beauty and Jaclyn Cosmetics — has entered a proposed $33 million acquisition deal with lenders. 

    By • Jan. 12, 2023
  • A business window features a "help wanted" sign.
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    Spencer Platt / Staff via Getty Images

    ‘Retailers are getting squeezed’ by price-weary consumers, supply chain costs: report

    Nearly all 50 retail executives surveyed in Deloitte’s latest study expect inflation to pressure profits this year.

    By • Jan. 12, 2023
  • Explore the Trendline➔
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    Getty Images
    Trendline

    The direct-to-consumer landscape in retail

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

    By Retail Dive staff
  • Pink and green bottles of haircare products
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    Courtesy of Mielle Organics

    P&G acquires haircare brand Mielle Organics

    The textured hair brand — founded in 2014 by husband-and-wife duo Monique and Melvin Rodriguez — said it has no plans to change existing formulas. 

    By • Jan. 12, 2023
  • Bed Bath & Beyond
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    Bruce Bennett via Getty Images

    Bed Bath & Beyond plans more layoffs

    As sales slide and bankruptcy looms, the struggling home goods retailer is looking to cut costs.

    By • Jan. 11, 2023
  • Mattress Firm storefront.
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    Permission granted by Mattress Firm

    Mattress Firm pauses IPO plans, citing market volatility

    One analyst predicts the move could signal the mattress retailer’s interest in being acquired.

    By • Jan. 11, 2023
  • A Rent the Runway subscriber searches the company's "closet in the cloud" on mobile.
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    Permission granted by Rent the Runway

    Why some digital natives are always tweaking their models

    Shaking up a business can be a sign of innovation, or trouble. For DTC brands, the best move may be found in retail’s oldest playbook.

    By • Jan. 11, 2023
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
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    Daphne Howland/Retail Dive

    Bed Bath & Beyond sales fall 33% in Q3 as it seeks strategic alternatives

    After warning of a potential bankruptcy filing last week, the struggling home retailer’s operating loss swelled to over $450 million during the quarter.

    By • Jan. 10, 2023
  • Image attribution tooltip
    Flickr; Mike Mozart

    Five Below to convert hundreds of stores to higher-priced concept

    The discounter sees roughly twice the spend from customers who purchase Five Beyond products and has received positive feedback on the format. 

    By • Jan. 10, 2023
  • Bed Bath & Beyond
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    Bruce Bennett via Getty Images

    Fitch: Gulf between retail’s winners and losers to widen in 2023

    Default rates will likely remain low, but the firm is watching for bankruptcies from major players like Party City, Rite Aid and Bed Bath & Beyond.

    By • Jan. 10, 2023
  • To the right of a mall store entrance, a minimalist gray granite facade features the red and white Lululemon logo and white lettering.
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    Daphne Howland/Retail Dive

    Lululemon’s stock drops after margin warning

    The athletics company raised its revenue expectations for the quarter, but it has a lot of inventory to clear through after the holidays.

    By • Jan. 9, 2023
  • Give Love is in lights on the storefront of Macy's in Herald Square in NYC.
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    Kaarin Vembar/Retail Dive

    Macy’s lowers holiday sales prediction

    The department store managed to maintain its guidance within its previous range, but its warning suggests that it lost market share, analysts say.

    By • Jan. 9, 2023
  • Poshmark introduces shoppable Poshmark Stories feature
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    Courtesy of Poshmark

    Naver closes on Poshmark acquisition

    The resale marketplace has stopped trading on the Nasdaq as a result of the deal.

    By • Jan. 9, 2023
  • Interior shot of a busy mall.
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    danielvfung via Getty Images
    Deep Dive

    9 retail trends to watch in 2023

    With the threat of a recession looming, the new year brings about a slew of challenges for retailers — but not all is gloomy.

    By Retail Dive Staff • Jan. 9, 2023
  • A corner store with lit signage in various colors reads "Walgreens Drugs, photo, cosmetics, prescriptions." Red "Walgreens" signs adorn the sign and a big circular overhang above the corner door.
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    Daphne Howland/Retail Dive
    Column

    The Weekly Closeout: Tuesday Morning to go private and Walgreens ‘cried too much’ over theft

    The discount home brand is taking itself off the Nasdaq Stock Market, while the drugstore admitted it might have overblown the theft issue.

    By Retail Dive Staff • Jan. 6, 2023
  • Bed Bath & Beyond
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    Bruce Bennett via Getty Images

    Bed Bath & Beyond warns it could file for bankruptcy

    The struggling home retailer issued a "going concern" warning as sales continue to slide and losses widen.

    By • Jan. 5, 2023
  • A person wearing glasses leans over a table with sketches as a child looks on.
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    Courtesy of Stitch Fix

    Stitch Fix cuts 20% of salaried staff, CEO steps down

    Founder Katrina Lake has returned to take over from Elizabeth Spaulding in the interim as the company searches for a new chief executive.

    By • Jan. 5, 2023
  • A Hydro Flask water bottle.
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    "Hydro Flask" by Tony Webster is licensed under CC BY 2.0

    Hydro Flask, Drybar owner to cut 10% of global workforce

    Helen of Troy saw net sales revenue decrease across all segments in its third quarter, while operating and net incomes both fell by double digits.

    By • Jan. 5, 2023
  • Amazon Go Mill Creek
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    Jeff Wells/Retail Dive

    Amazon layoffs will top 18K, many in retail

    The e-commerce giant misjudged the longevity of the pandemic’s impact on demand, and its cuts could undermine its innovation, analysts say.

    By • Jan. 5, 2023
  • A red bullseye logo with the word Target underneath decorates a storefront against a bright blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive

    Wells Fargo downgrades Target amid signs the worst isn’t yet over

    The analysts, saying the mass merchant’s troubles may go deeper than many observers appreciate, have downgraded its stock.

    By • Jan. 4, 2023
  • Amazon logo on a sign
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    David Ryder via Getty Images

    Amazon snags $8B term loan

    The e-commerce giant said the “uncertain macroeconomic environment” pushed it to use a variety of financing options over the past few months. 

    By • Jan. 4, 2023
  • Three signs plastered to a grey tiled wall announce a store liquidation sale, with the middle one saying that "Everything must go!"
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    Daphne Howland/Retail Dive

    Sears Hometown stores disappearing from rural America

    Liquidation sales are ongoing at 115 locations across 36 states and Puerto Rico, amid the Sears-affiliated home goods retailer's bankruptcy.

    By • Jan. 4, 2023
  • Sundry
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    Retrieved from Sundry on January 25, 2022

    Digital Brands Group completes Sundry acquisition

    The direct-to-consumer company took on new debt and closed a $10 million public offering last month to help finalize the deal.

    By • Jan. 3, 2023
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    Bark

    Bark names chief financial officer

    Zahir Ibrahim replaces Howard Yeaton, who has been serving as interim CFO since late 2021, and comes with nearly three decades of financial experience.

    By • Jan. 3, 2023
  • Storefront of a Rebecca Taylor location.
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    The image by Phillip Pessar is licensed under CC BY 2.0

    Vince Holding sells intellectual property of Rebecca Taylor

    The IP was purchased by an affiliate of Ramani Group and is part of a strategic effort announced last year to shut down the fashion brand.

    By • Jan. 3, 2023
  • Grove Collaborative Sparks of Joy collection
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    Permission granted by Grove Collaborative

    Grove Collaborative refinances debt with $72M term loan

    The sustainability-focused consumer products company recently received a delisting notice from the New York Stock Exchange. 

    By • Jan. 3, 2023