Financial News: Page 3


  • Foxtrot
    Image attribution tooltip
    Brett Dworski/Retail Dive
    Image attribution tooltip

    6 Foxtrot stores leased to Further Point Enterprises

    The holding company that acquired the non-real-estate assets from 15 Foxtrot locations last month is now the official tenant for half a dozen of its locations.

    By Brett Dworski • June 5, 2024
  • The arms of a person wearing a striped shirt can be seen taking an envelope out of a box filled with clothes.
    Image attribution tooltip
    Courtesy of Stitch Fix
    Image attribution tooltip

    Amid ongoing declines, Stitch Fix pilots customer experience improvements for summer launch

    A core group of customers is keeping and spending more per box, suggesting that the company is on the right track, analysts said.

    By June 5, 2024
  • Trendline

    The 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
  • A Family Dollar store in Moab, Utah.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip

    Dollar Tree to explore spinoff or sale of Family Dollar

    The underperforming banner has been a drag on operations since its acquisition.

    By June 5, 2024
  • Electrolyte packets from Liquid Death.
    Image attribution tooltip
    Permission granted by Liquid Death
    Image attribution tooltip

    Liquid Death names former PepsiCo, Keurig Dr Pepper exec as CFO

    The fast-growing startup, known for its canned water, has entered new beverage categories while adding experienced executives to its C-suite.

    By Christopher Doering • June 5, 2024
  • The exterior of a store with a banner that reads "Bath & Body Works."
    Image attribution tooltip
    Courtesy of Bath & Body Works
    Image attribution tooltip

    New products boost Bath & Body Works in Q1 as candle sales decline

    With steeper competition, the retailer is losing market share, including in one of its signature product lines, according to GlobalData research.

    By June 4, 2024
  • An Outdoor Voices storefront on Melrose Avenue in Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    After abruptly shuttering its stores, Outdoor Voices has a new owner

    Consortium Brand Partners, which also owns Draper James, plans to open new stores next year and expand into adjacent product categories.

    By June 4, 2024
  • Person shopping inside a Costco store.
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call

    The retailer’s new finance chief, Gary Millerchip, is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.

    By Maura Webber Sadovi • June 4, 2024
  • Children’s Place CEO Jane Elfers out after 14 years

    Muhammad Umair, who joined as a board member in February when Mithaq Capital bought a majority stake in the company, will serve as interim chief.

    By June 3, 2024
  • A lit-up storefront at dusk.
    Image attribution tooltip
    Courtesy of Gap Inc.
    Image attribution tooltip

    Gap Inc. turns a corner as all brands notch gains in Q1

    Under CEO Richard Dickson, who arrived last August, the apparel retailer is working to improve operational efficiencies as well as brand storytelling.

    By May 31, 2024
  • An orange Sierra-branded vehicle with outdoors products stacked on top.
    Image attribution tooltip
    Courtesy of Sierra
    Image attribution tooltip
    Column

    The Weekly Closeout: Best Buy sales fall 6.5% and Sierra hits 100 stores

    The electronics retailer continues to face pressure in its core segment, while T.J. Maxx’s outdoors-focused sibling eyes more growth ahead.

    By Retail Dive Staff • May 31, 2024
  • A series of beauty displays at an Ulta Beauty shop-in-shop inside of a Target.
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    Ulta cuts guidance as it loses share in prestige beauty

    The beauty retailer said 1,000 new points of distribution in the category have opened in the past two years, a possible nod to Kohl’s Sephora tie-up.

    By May 31, 2024
  • A person crossing the street amid city traffic.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Nordstrom Rack continues to overshadow the department store in Q1

    Both banners enjoyed sales increases, though margins were challenged by shrink caused by theft in its transportation network.

    By May 31, 2024
  • A Dollar General sign and brick storefront on a cloudy day with the company's signature black on yellow logo
    Image attribution tooltip
    Permission granted by Dollar General
    Image attribution tooltip

    Dollar General to eliminate ‘vast majority’ of self-checkout, reduce new store openings

    Despite a 6% Q1 net sales rise and performance that beat analyst expectations, shrink remains a significant headwind, CEO says.

    By May 31, 2024
  • A Birkenstock in-store display. There are two rows of Birkenstocks, one with close-toed shoes and one with open. Next to the display is an advertisement of a model.
    Image attribution tooltip
    Justin Sullivan/Getty Images via Getty Images
    Image attribution tooltip

    Birkenstock logs record Q2 revenue increase of 22%

    In its second earnings report since becoming a publicly traded company, the Germany-based footwear giant raised its outlook after gains in the quarter.

    By Laurel Deppen • May 31, 2024
  • A Foot Locker storefront.
    Image attribution tooltip
    Courtesy of Foot Locker, Inc.
    Image attribution tooltip

    Foot Locker: ‘I think it’s fair to say Nike’s going back on offense’

    The retailer, which saw sales fall nearly 3% in Q1, teased a return to growth with Nike later this year and expressed excitement about upcoming innovation.

    By May 30, 2024
  • Dark clouds over a store entrance. A brick-red exterior wall with a "Kohl's" sign.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Kohl’s touts progress in Q1 despite sales declines, loss

    Aside from some merchandising improvements, the department store isn’t revamping its stores. Some analysts say that’s a mistake.

    By May 30, 2024
  • Chewy, fulfillment center, packer
    Image attribution tooltip
    Permission granted by Chewy
    Image attribution tooltip

    Chewy posts 3.1% sales gain in Q1, announces $500M share repurchase program

    The online pet retailer boosted its profits during the quarter even as its active customer base continues to shrink.

    By May 29, 2024
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
    Image attribution tooltip
    Courtesy of Abercrombie & Fitch
    Image attribution tooltip

    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 May 29, 2024
  • Two people wearing Feat Clothing products
    Image attribution tooltip
    Retrieved from Feat Clothing on May 29, 2024
    Image attribution tooltip

    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
  • Cars parked in front of a sporting goods store.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    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 May 29, 2024
  • Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    GameStop raises $933M from stock sale

    The funds could go toward acquisitions or investments, which may be important as its core business shrinks.

    By May 28, 2024
  • A Hoka storefront in Los Angeles
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    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 May 28, 2024
  • A Capital One sign is seen
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    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
  • E.l.f. Cosmetics returns to TikTok with original song, dance challenge
    Image attribution tooltip
    Courtesy of e.l.f. cosmetics
    Image attribution tooltip
    Column

    The 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
  • A close up of a person's shoes, high top vans classics in maroon.
    Image attribution tooltip
    Pablo Cuadra/Getty Images via Getty Images
    Image attribution tooltip

    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