Financial News: Page 3
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Therabody names Atkins alum as CFO
The Theragun maker is continuing its C-suite transformation as it looks to push forward into the broader, everyday health and wellness space.
By Grace Noto • May 4, 2023 -
Daphne Howland/Retail Dive
J.C. Penney profits tumbled last year, as sales edged down
The department store’s investments are hitting its bottom line, but could fuel its comeback, according to owner Simon Property Group’s CEO.
By Daphne Howland • May 3, 2023 -
Explore the Trendline➔
RgStudio via Getty Images
TrendlineRetail Dive's DTC outlook for 2023
A look at DTC trends and predictions for what direct-to-consumer brands can expect in the year ahead.
By Retail Dive staff -
Daphne Howland/Retail Dive
Simon Property ownership in retailers could end in 5 to 10 years, CEO says
David Simon still sees growth potential in the retailers owned by the mall REIT, though that portfolio swung to a loss in Q1.
By Daphne Howland • May 3, 2023 -
Caroline Jansen/Retail Dive
Shareholder files lawsuit against Allbirds
The complaint filed in April alleges the DTC brand’s registration statements in 2021 were false or misleading as it relates to non-core product offerings.
By Dani James • May 2, 2023 -
Revlon, ready to exit Chapter 11, fills incoming board with former beauty retail execs
The cosmetics company says it will emerge from bankruptcy some time this week, under private ownership of several private equity firms.
By Daphne Howland • May 1, 2023 -
Aja Koska via Getty Images
McKinsey: Consumers are trading down — and splurging
Inflation is still impacting shopper behavior, but younger consumers are also spending more on treating themselves.
By Xanayra Marin-Lopez • April 28, 2023 -
The image by wpktsfs is licensed under CC BY-SA 3.0
S&P downgrades luxury furniture retailer RH
The company said it’s expanding into other sectors to diversify its revenue streams amid weakened home-related discretionary spending.
By Nate Delesline III • April 28, 2023 -
Courtesy of Amazon
Amazon Q1 retail sales flat as services drive growth
The company is focused on expanding services like advertising, where growth outpaced its retail and cloud businesses.
By Daphne Howland • April 28, 2023 -
Helen of Troy CEO to retire as company handles declining sales
The parent company of Hydro Flask and Osprey saw net sales decrease in the fourth quarter and expects continued economic pressure on consumers.
By Dani James • April 27, 2023 -
Daphne Howland/Retail Dive
Gap lays off 1,800 employees amid major restructuring
The massive downsizing is part of an effort to peel away management layers and slash expenses.
By Daphne Howland • April 27, 2023 -
Courtesy of Leeor Wild for Crocs
Crocs raises full-year guidance as HeyDude doubles revenue
The company is investing in the smaller brand's growth by expanding its distribution capabilities and wholesale partners.
By Nate Delesline III • April 27, 2023 -
Kendall Davis/Retail Dive
Podcast
The Backroom: Why is Walmart selling off so many DTC brands?
The retailer bought, and sold off, several digital natives including Bonobos and Eloquii. The team discusses what this signals about the company's game plan.
By Retail Dive Staff • April 27, 2023 -
Daphne Howland/Retail Dive
Gap Inc. says more layoffs to come
The further workforce reduction comes amid a search for a permanent CEO and sales declines at all the conglomerate’s brands.
By Daphne Howland • April 25, 2023 -
Cara Salpini/Retail Dive
Authentic Brands Group strikes deal to acquire Vince’s intellectual property
Vince Holding Corp. hopes the deal will help it strengthen its balance sheet and expand internationally.
By Laurel Deppen • April 25, 2023 -
Daphne Howland/Retail Dive
Bed Bath & Beyond, finally in Chapter 11, is going out of business
The struggling home goods retailer has been searching for a buyer since last year to no avail, and, after much delay, filed for bankruptcy Sunday.
By Daphne Howland • April 24, 2023 -
Courtesy of Skechers
ColumnThe Weekly Closeout: Nike releases first virtual collection and Skechers partners with Mr. T
The athletics retailer is unveiling its first digital collection since launching the .Swoosh platform, while the footwear brand is embracing the “t” in Skechers.
By Retail Dive Staff • April 21, 2023 -
Courtesy of Mnml
A.k.a. Brands receives delisting warning from NYSE
The company — which owns Princess Polly — said it might use a reverse stock split to resolve the issue and projects net sales of $120 million in Q1.
By Dani James • April 20, 2023 -
Retrieved from Digital Brands Group on August 30, 2021
Digital Brands Group revenue declines in fourth quarter
The company is in technical default on certain debts, but CEO Hil Davis says the business is “different now than it was in 2022.”
By Dani James • April 20, 2023 -
Daphne Howland/Retail Dive
Why hasn’t Bed Bath & Beyond filed for bankruptcy yet?
The struggling home goods retailer has been pulling all kinds of levers, leaving many to wonder why it hasn’t sought Chapter 11 protection by now.
By Daphne Howland • April 20, 2023 -
Daphne Howland/Retail Dive
REI swings to a loss despite record sales in 2022
The outdoor retailer saw expenses surge as it beefed up membership benefits and increased employee pay last year.
By Daphne Howland • April 20, 2023 -
Kaarin Vembar/Retail Dive
David’s Bridal owes $27.5M to vendors as it charts course in bankruptcy
The wedding apparel retailer owes millions to the joint venture that procures the bulk of its merchandise outside North America.
By Ben Unglesbee • April 20, 2023 -
Courtesy of Lululemon
Three years after acquiring it, Lululemon could sell Mirror: Bloomberg
The home fitness maker has been a drag on the athletic retailer’s performance, and hardware sales disappointed in Q4.
By Cara Salpini • April 18, 2023 -
David’s Bridal is prepared to liquidate if it can’t find a buyer
Even if the retailer does stay in business under new ownership, it’s likely to shrink its fleet of nearly 300 stores.
By Daphne Howland • April 18, 2023 -
Cara Salpini/Retail Dive
Dr. Martens CFO to retire
Jon Mortimore will stay on until a successor is found, and the footwear brand spent more than anticipated in Q4 to resolve issues at a U.S. distribution center.
By Dani James • April 17, 2023 -
S&P upgrades Dillard’s, forecasts ‘sustained profitability’
The regional department store is positioned well thanks to strong inventory management and limited discounting, according to analysts.
By Nate Delesline III • April 17, 2023
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