Financial News: Page 21
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Courtesy of Abercrombie & Fitch
Abercrombie & Fitch Co. sets a record with billion-dollar Q1
The retailer is considering more brand extensions as one way to maintain its momentum.
By Daphne Howland • May 29, 2024 -
Retrieved from Feat Clothing on May 29, 2024
Private equity firm acquires majority stake in Feat Clothing
Co-founder Taylor Offer will step down as CEO while the remainder of Feat Clothing’s team will stay in place.
By Howard Ruben • May 29, 2024 -
Daphne Howland/Retail Dive
Dick’s Sporting Goods is taking share ‘across the board’ as sales stay strong
As it expands House of Sport, openings of the experiential format at local malls are driving meaningful traffic growth to those shopping centers.
By Cara Salpini • May 29, 2024 -
Daphne Howland/Retail Dive
GameStop raises $933M from stock sale
The funds could go toward acquisitions or investments, which may be important as its core business shrinks.
By Nate Delesline III • May 28, 2024 -
Cara Salpini/Retail Dive
Margins balloon at Deckers as Hoka takes off
The running shoe line and sister brand Ugg lead a footwear portfolio that Wedbush calls “one of the fundamentally strongest names in our coverage.”
By Daphne Howland • May 28, 2024 -
Joe Raedle / Staff via Getty Images
Walmart and Capital One break up
The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.
By Lynne Marek • May 28, 2024 -
Courtesy of e.l.f. cosmetics
ColumnThe Weekly Closeout: E.l.f. Beauty reports $1B in net sales and Wayfair opens its first large-format store
The cosmetics brand increased sales 77% year over year, while the DTC furniture company debuted a store in Wilmette, Illinois.
By Retail Dive Staff • May 24, 2024 -
Pablo Cuadra/Getty Images via Getty Images
VF names new CFO, still feels revenue slump as it considers selling assets
The declining performance of the Vans brand continued to weigh on the apparel and footwear conglomerate’s Q4 earnings despite various transformation programs.
By Laurel Deppen • May 24, 2024 -
Permission granted by Peloton
Peloton refinances debt as financial challenges persist
The struggling fitness brand is issuing new notes to pay off debt with a closer maturity date, just weeks after losing its CEO and laying off employees.
By Suzette Parmley • May 23, 2024 -
Nate Delesline III/Retail Dive
Target Q1 sales drop 3%
The retailer is losing ground in grocery and household items as customers shop for less elsewhere, according to analysts.
By Nate Delesline III • May 22, 2024 -
Nate Delesline III/Retail Dive
Lowe’s beats expectations despite soft Q1
Net sales at the home improvement retailer fell over 4% in part because of a decline in big-ticket DIY spending.
By Nate Delesline III • May 21, 2024 -
Daphne Howland/Retail Dive
A glimpse into a future Macy’s
The department store has provided financial metrics for the fleet of stores that will survive a massive downsizing over the next three years.
By Daphne Howland • May 21, 2024 -
Vanni Bassetti/Getty Images via Getty Images
Coach scraps its copyright infringement lawsuit against Gap
The complaint, filed last month, focused on the use of the word “coach” on Old Navy T-shirts.
By Laurel Deppen • May 21, 2024 -
Daphne Howland/Retail Dive
Dick’s Sporting Goods employee connected to SEC insider trading charges
A data analytics employee communicated nonpublic information about the company to Frank Poerio, who was charged with insider trading that netted over $800,000.
By Kaarin Moore • May 20, 2024 -
Courtesy of Canada Goose
Canada Goose yanks long-term targets, names creative director
The brand has slowed its store expansion and paused its five-year plan to focus on “doing fewer things really, really well,” CEO Dani Reiss said Thursday.
By Daphne Howland • May 17, 2024 -
Daphne Howland/Retail Dive
GameStop expects Q1 revenue drop
The company is also looking to sell up to 45 million shares in an attempt to cash in again on its meme stock status.
By Nate Delesline III • May 17, 2024 -
Permission granted by Dollar General
ColumnThe Weekly Closeout: Dollar General taps store operations exec as PetSmart searches for a chief toy tester
Lee DeVille will lead operations for three of the discounter’s retail divisions. But the pet retailer’s new role requires a furrier candidate.
By Retail Dive Staff • May 17, 2024 -
Permission granted by On
Footwear brand On posts record quarterly sales with strong DTC growth
The company has plans to open a second store in Paris and is hoping to have a “notable impact’’ at the Summer Olympics that begin in July.
By Suzette Parmley • May 16, 2024 -
Courtesy of Walmart
Walmart beats expectations in Q1 as revenue surpasses $160B
The company's e-commerce sales rose 21%, driven by store-fulfilled pickup and delivery and strength within its marketplace.
By Nate Delesline III • May 16, 2024 -
Daphne Howland/Retail Dive
Under Armour plans layoffs, 25% SKU reduction
With founder Kevin Plank back at the helm, the retailer is overhauling its product strategy. The brand will cut back on promotions, reprioritize men’s and invest in innovation.
By Cara Salpini • May 16, 2024 -
Courtesy of Dillard's
Dillard’s beats expectations in tough Q1
CEO William Dillard said the department store focused on profitable sales as “the consumer environment remained challenging.”
By Daphne Howland • May 16, 2024 -
Daphne Howland/Retail Dive
Deep DiveMacy’s and J.C. Penney have two very different real estate strategies
One has a downsizing plan that includes profitable stores. The other plans to keep — and possibly open — even low-volume stores. What’s going on?
By Daphne Howland • May 16, 2024 -
Retrieved from Foxtrot website.
Foxtrot files for bankruptcy
The decision to file for Chapter 7 was made during a meeting with Outfox’s board of directors late last month.
By Brett Dworski • May 16, 2024 -
Courtesy of J. Jill
J. Jill pays $60M toward debt, announces quarterly dividend program
The retailer said in a preliminary earnings statement that it expects net sales of $160 million for the first quarter.
By Nate Delesline III • May 15, 2024 -
Permission granted by Purple
Purple Innovation posted 33.1% growth in wholesale, while DTC stayed flat in Q1
The sleep brand is targeting five areas of improvement as softness in the home furnishings industry persists.
By Suzette Parmley • May 14, 2024
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