Financial News: Page 3
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Courtesy of Authentic
Levi’s to sell Dockers to Authentic Brands Group for $311M
The jeans company is selling off the khakis brand to focus on its core labels.
By Kaarin Moore • May 20, 2025 -
Brandon Bell via Getty Images
Home Depot doesn’t plan to raise prices despite tariffs
The announcement came as the home improvement retailer posted a 9.4% sales gain in Q1 and reaffirmed its full-year guidance.
By Caroline Jansen • May 20, 2025 -
Win McNamee via Getty Images
US signals reciprocal tariffs will return for some countries
The White House will alert countries of their specific rates in the next two to three weeks, President Donald Trump said Friday.
By Philip Neuffer • May 20, 2025 -
Maksym Kapliuk via Getty Images
Inflation expected to surge to 7.3% in a year, fueled by tariff worry
Consumer sentiment has slumped this year even as recent “hard data” reveal stable prices and robust hiring.
By Jim Tyson • May 19, 2025 -
Courtesy of Fossil
Fossil’s DTC business drags down sales in Q1
The accessories brand has been working to reduce its footprint, closing 28 stores in the first quarter as part of its plan to shutter 50 locations this year.
By Tatiana Walk-Morris • May 19, 2025 -
Rite Aid sells upwards of 1K stores to CVS, Walgreens, others
CVS Health is one of the largest buyers, snapping up prescription files from hundreds of stores and fully acquiring 64 locations.
By Rebecca Pifer • May 16, 2025 -
Courtesy of QVC Group
QVC Group plans reverse stock split, voluntary delisting
As a result of the reverse stock split, the company doesn’t expect it will meet the continued listing requirements of the Nasdaq Capital Market.
By Kaarin Moore • May 16, 2025 -
Permission granted by Liza Amlani, Retail Strategy Group
Hudson’s Bay to sell IP to Canadian Tire Corp. for over $21M
CTC views the move as “patriotic” and has bid on several of the iconic retailer’s leases.
By Dani James • May 16, 2025 -
Courtesy of Wayfair
ColumnThe Weekly Closeout: Kohl’s plans to refinance, Wayfair expands large-format concept
The department store intends to refinance with a $360 million offering of new senior secured notes, while the home goods retailer said another larger store is on the horizon.
By Retail Dive Staff • May 16, 2025 -
Daphne Howland/Retail Dive
Dick’s to acquire Foot Locker in $2.4B deal
Analysts are not sold on the deal, which adds a struggling retailer to Dick's strong portfolio, but executives expressed confidence they could turn Foot Locker around.
By Cara Salpini • May 15, 2025 -
Courtesy of Walmart
Walmart CEO: ‘Higher tariffs will result in higher prices’
The big-box retailer vows to keep those prices as low as possible and is leaning into relationships with vendors to respond to a fluctuating market.
By Kaarin Moore • May 15, 2025 -
Courtesy of Touchland
Church & Dwight acquires Touchland for $880M
The hand sanitizer brand, founded in 2018, has expanded its distribution to major retailers including Target, Ulta and Urban Outfitters.
By Howard Ruben • May 14, 2025 -
Cara Salpini/Retail Dive
American Eagle Outfitters pulls guidance, writes down $75M in inventory
The preliminary Q1 results also revealed a 5% revenue decline and steep operating losses.
By Dani James • May 14, 2025 -
Courtesy of Peloton
Peloton revenue slides 13% in Q3
Still, executives touted that the connected fitness company performed above the high end of its guidance range as it narrowed losses in the period.
By Caroline Jansen • May 14, 2025 -
Retrieved from Vince on May 13, 2025
Vince faces potential delisting
The New York Stock Exchange said the company’s market cap and stockholders’ equity had dropped below continued listing standards.
By Lara Ewen • May 14, 2025 -
Courtesy of Walmart
Walmart touts savings from continued automation efforts
The retailer predicts it will slash costs by more than 30% at its high-tech facilities by year's end, one executive said.
By Philip Neuffer • May 14, 2025 -
Brandon Bell via Getty Images
Under Armour nears the end of SKU reduction, turns focus to premium products
The athletics retailer hopes to position its assortment as a higher-end offering, including through a $140 backpack.
By Cara Salpini • May 13, 2025 -
Courtesy of On
On is raising some prices, but it isn’t because of tariffs
The athletics company saw net sales increase 43% and plans to increase pricing to further differentiate itself as a premium brand in the market.
By Dani James • May 13, 2025 -
Nate Delesline III/Retail Dive
Beyond to acquire Kirkland’s IP for $5M — and plans to license it back
Kirkland’s will run stores for both retailers while Beyond will be able to appoint directors to Kirkland’s board.
By Dani James • May 12, 2025 -
Courtesy of QVC Group
QVC CEO: Our consumers are ‘heavily distracted by current events’
The company, which is working to become a live social shopping company, reported a 10% revenue drop in Q1 and swung to a loss.
By Kaarin Moore • May 12, 2025 -
Daphne Howland/Retail Dive
J.C. Penney swings to a loss
Last year’s sales declines and steep net loss put the retailer at the bottom of the struggling department store sector, an analyst said.
By Daphne Howland • May 12, 2025 -
Pete Marovich via Getty Images
US, China agree to reduce tariff rates for 90 days
By Wednesday, the two countries will charge 10% baseline duties and remove certain retaliatory levies that pushed rates over 100%.
By Philip Neuffer • May 12, 2025 -
Permission granted by Liza Amlani, Retail Strategy Group
Column
The Weekly Closeout: Hudson’s Bay lands ‘several’ bids and Trump threatens Mattel with tariffs
None of the Canadian retailer’s bids are from insiders. Meanwhile, the president responded to the toy brand's statements on diversifying its supply chain.
By Retail Dive Staff • May 9, 2025 -
Caroline Jansen/Retail Dive
Despite 18% sales drop, Allbirds says it could return to top-line growth in Q4
The footwear brand’s new product lineup is set to hit shelves this fall and a refreshed store concept at one location is leading to higher sales.
By Cara Salpini • May 9, 2025 -
Daphne Howland/Retail Dive
REI Union’s successful ‘Vote No’ campaign leaves 3 board seats empty
The outdoor category has faltered with the end of its pandemic boom, and the retailer reported a 2024 net sales decline, though losses narrowed.
By Daphne Howland • May 9, 2025
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