Financial News: Page 31


  • Chewy, fulfillment center
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    Permission granted by Chewy
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    Chewy names new CFO

    The DTC pet supplies retailer has been looking for someone to fill the role on a permanent basis after Mario Marte stepped down from the role in July.

    By Dec. 7, 2023
  • A street-side GameStop storefront.
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    Daphne Howland/Retail Dive
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    GameStop sales slide 9% but loss narrows

    The video game retailer this week gave CEO Ryan Cohen authority to manage the company's investment portfolio in public and private markets.

    By Nate Delesline III • Dec. 7, 2023
  • A Dollar General sign and brick storefront on a cloudy day with the company's signature black on yellow logo
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    Permission granted by Dollar General
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    Hundreds of new stores help push Dollar General sales up 2.4%

    But the discount retailer is cutting back its expansion plans for next year as it aims to turn its business around.

    By Dec. 7, 2023
  • A mall entrance to a store named "Lovesac."
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    Daphne Howland/Retail Dive
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    Lovesac Q3 net sales jump 14.3% amid store growth

    The furniture brand — which is facing an SEC investigation due to accounting errors — reported showroom net sales increased 18.9%.

    By Dani James • Dec. 6, 2023
  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    Stitch Fix sales and customer count decline further, but loss narrows

    The apparel box e-retailer kept a grip on expenses and is making major operational changes to boost sales and profits, executives said Tuesday.

    By Dec. 6, 2023
  • A black "Lululemon" sign features the red and white brand logo and white lettering, hanging in front of a leafy tree.
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    Daphne Howland/Retail Dive
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    Can Lululemon maintain its momentum?

    Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.

    By Dec. 5, 2023
  • A bright green facade says "Joann" in white capital letters, and "handmade happiness" in white script. A mural in various shades of green depicts a cityscape.
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    Courtesy of Joann
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    Joann raises cost savings target to $225M

    The craft retailer is working to improve its cash flow, but its $1 billion-plus debt load remains a concern.

    By Nate Delesline III • Dec. 5, 2023
  • Green skincare bottles from Biossance displayed on wooden table
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    Craig Barritt / Stringer via Getty Images
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    Amyris auctions off Biossance for $20M

    The company also found successful bidders for three other brands, including Pipette, as it undergoes bankruptcy proceedings. 

    By Dani James • Dec. 4, 2023
  • Two people running on a trail
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    Courtesy of Brooks Running
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    Brooks Running posts record 14% increase in Cyber Monday sales

    Nearly half of those sales were from new customers. The athletics brand also reported an 8% year-over-year increase in online sales on Black Friday.

    By Howard Ruben • Dec. 4, 2023
  • EBay corporate building in Berlin
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    Courtesy of EBay
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    EBay invests in sports trading card company COMC

    The two companies also entered a commercial agreement as eBay continues to grow its presence in the category. 

    By Tatiana Walk-Morris • Dec. 4, 2023
  • Two people wearing casual Lacoste and Bandier branded tennis athleisure apparel pose outdoors.
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    Retrieved from Lacoste on August 16, 2023
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    Activewear brand Bandier seeks buyer for IP, assets

    After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.

    By Dani James • Dec. 1, 2023
  • Big Lots to remain open on Thanksgiving.
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    Courtesy of Big Lots
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    Big Lots’ net sales fall nearly 15% in Q3

    The retailer also announced two new executives, including a chief stores officer and a leader of extreme value sourcing.

    By Nate Delesline III • Dec. 1, 2023
  • Exterior of an Ulta store
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    Kaarin Vembar/Retail Dive
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    Ulta CFO to retire amid 6.4% sales growth

    Scott Settersten, who has held the role for more than a decade, will leave in April. Senior Vice President of Finance Paula Oyibo will replace him.

    By Dec. 1, 2023
  • An Express storefront at King of Prussia mall in Pennsylvania
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    Permission granted by Express
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    Express CEO acknowledges merchandising missteps

    Sales and comps fell at the company’s namesake banner and UpWest, but the Bonobos acquisition pushed overall sales up 5%.

    By Nate Delesline III • Nov. 30, 2023
  • A large sign in light pink block capital letters says "Pink," just above a smaller sign in darker pink that says "Victoria's Secret."
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    Daphne Howland/Retail Dive
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    Victoria’s Secret swings to $71M loss in Q3

    A revamped loyalty program is delivering results, but the company’s marketing has become confusing, some analysts say.

    By Nov. 30, 2023
  • A quotation mark on a blue background.
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: What’s the deal with EBITDA?

    The earnings metric is widely used despite criticism that it can cloud the true picture. What companies emphasize it, and why?

    By Retail Dive Staff • Nov. 30, 2023
  • Dollar Tree's corporate logo and signage is shown at the organization's corporate headquarters.
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    Nate Delesline III/Retail Dive
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    Dollar Tree may shrink Family Dollar footprint: CEO

    Rick Dreiling said the company has initiated a comprehensive review of its Family Dollar banner after it missed expectations in Q3.

    By Nate Delesline III • Nov. 29, 2023
  • Foot Locker storefront
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    Cara Salpini/Retail Dive
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    Foot Locker beats expectations, but sales continue to tumble

    In Q3, sales fell 8.6% and net income plummeted 71% as the retailer closes stores and looks for avenues to turn itself around.

    By Nov. 29, 2023
  • Picture of Shein office lobby.
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    Courtesy of Shein
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    Shein reportedly files for IPO

    The fast-fashion giant had reportedly been eyeing the move all year, while it has faced scrutiny from U.S. lawmakers over its supply chain practices.

    By Laurel Deppen • Nov. 28, 2023
  • foxtrot
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    Permission granted by Foxtrot
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    Foxtrot and Dom’s Kitchen announce merger

    The upscale convenience store brand plans to combine with the local grocer that has a similar reputation for innovative foodservice and store designs.

    By Catherine Douglas Moran • Nov. 28, 2023
  • Urban Outfitters launches Nuuly Thrift.
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    Courtesy of Urban Outfitters
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    Urban Outfitters’ Nuuly rental business turns a profit in Q3

    In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.

    By Nov. 27, 2023
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
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    Courtesy of Abercrombie & Fitch
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    Abercrombie & Fitch sales jump 20% in Q3

    The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

    By Nate Delesline III • Nov. 27, 2023
  • External shot of a Dick's Sporting Goods store.
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    Daphne Howland/Retail Dive
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    Dick’s sales rise 3%, buoyed by strong back-to-school season

    It could be a good indicator of holiday performance, but that season is “very distinct” from the summer sales event and involve a wider group of competitors.

    By Nov. 22, 2023
  • Display of various skin care bottles from Disco
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    Courtesy of Disco
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    Men’s skin care brand Disco shuts down amid bankruptcy

    The company filed for Chapter 7 bankruptcy last week after its debt provider foreclosed on it, according to a LinkedIn post from founder Benjamin Smith.

    By Dani James • Nov. 22, 2023
  • Two people with shopping bags.
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    Courtesy of Nordstrom
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    Nordstrom pushes Rack expansion as full-line fleet contracts

    Analysts question the emerging dependence on an off-price business that is struggling to compete in an otherwise thriving segment.

    By Nov. 22, 2023