Kim Kardashian’s firm acquires minority stake in Truff

The investment is the first for private equity arm Skky Partners as it looks to cash in on growing demand for spicy, unique condiments.

By Chris Casey • Nov. 22, 2023

Best Buy sales fall 8% as electronics demand stumbles

The retailer lowered its guidance as a result of consumer uncertainty, but CEO Corie Barry said the sector should stabilize next year.

By Cara Salpini • Nov. 21, 2023

Kohl’s CEO shifts focus back to stores: ‘The digital business is really what’s bringing us down’

The department store notched more declines in Q3. But store comps were stronger, thanks in part to its Sephora partnership, and margins grew.

By Daphne Howland • Nov. 21, 2023

Rocking the boat shoe: Sperry’s search for a lifeline

Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.

By Lara Ewen • Nov. 20, 2023

Odele secures private equity investment

The hair care brand snagged capital from Stride Consumer Partners, with its three co-founders retaining a majority stake.

By Dani James • Nov. 17, 2023

Old Navy regains momentum in Q3 as Gap Inc. shows signs of recovery

But Athleta's promise as a growth engine seems further away as both sales and comps plunged nearly 20%.

By Daphne Howland • Nov. 17, 2023

Walmart thinking ‘more cautiously’ about the consumer amid volatile sales trends

CFO John David Rainey warned of “somewhat uneven” sales, which led to softness at the end of October, but noted things looked better in November.

By Nate Delesline III • Nov. 16, 2023

Macy’s defies expectations in Q3 as margins improve

Sales fell and profits plummeted as customers remain cautious about spending, but the department store's report wasn’t as bad as many feared.

By Daphne Howland • Nov. 16, 2023

Digital Brands Group Q3 sales rise while net loss, expenses grow

The company — which is currently exploring strategic alternatives — operates a portfolio of brands including Sundry and Stateside. 

By Dani James • Nov. 16, 2023

The Body Shop sold to private equity

The deal marks the second sale this year for parent company Natura & Co., which sold Aesop to L’Oréal this spring. 

By Kaarin Moore • Nov. 16, 2023

Bed Bath & Beyond’s new CEO exited. Now what?

Jonathan Johnson bet it all on the home retailer, rebranding Overstock in the process. Then activists called for his ouster.

By Nate Delesline III • Nov. 16, 2023

Target CEO touts ‘meaningful improvement’ in profits even as revenue falls 4.2%

The retailer said easing inflation could bring shoppers back to discretionary categories as it adds updated merchandise for the holiday season.

By Nate Delesline III • Nov. 15, 2023

On’s net sales jump 46.5% in Q3 as it plans to slow wholesale expansion

The athletics brand saw DTC net sales increase 54.6% and raised its full-year outlook again to project an annual growth rate of over 46%.

By Dani James • Nov. 14, 2023

Home Depot narrows guidance as sales fall 3%

Net earnings at the home improvement retailer tumbled 12% in the quarter and big-ticket purchases were down year over year.

By Nate Delesline III • Nov. 14, 2023

Beyond Meat in ‘survival mode’ with going-concern risk a possibility, analyst says

A TD Cowen report pointed to troubling signs for the plant-based pioneer, including rising debt levels and struggles to attract and retain consumers.

By Elizabeth Flood • Nov. 14, 2023

Luxury furniture rental company Vesta acquires Fernish and Feather

The three companies will operate as separate brands under one banner, “Showroom,” which will continue to seek out additional acquisitions.

By Caroline Jansen • Nov. 13, 2023

Grove Collaborative’s DTC active customers decline amid profitability focus

Operating expenses dropped 38.5% in Q3 and the company's new CEO Jeff Yurcisin told Retail Dive that reining in marketing spend is the right long-term decision. 

By Dani James • Nov. 13, 2023

Purple Q3 revenue drops on ‘soft demand,’ lowers full-year guidance again

The mattress company saw net revenue decrease 2% year over year, with a decline in its direct-to-consumer channels while wholesale grew.

By Dani James • Nov. 10, 2023

The Weekly Closeout: Kohl’s board chair to step down, Athleta debuts experiential fitness series

The department store said Peter Boneparth will retire in May, while the athletics brand is planning events across North America.

By Retail Dive Staff • Nov. 10, 2023

Dillard’s Q3 declines signal trouble for department stores

The retailer has been a standout in a challenged segment, but finally felt the brunt of consumer skittishness in the period.

By Daphne Howland • Nov. 9, 2023

Allbirds Q3 revenue drops over 21%, forecasts soft holiday season

The lifestyle brand reported a higher net loss and a decline in gross profit, with one analyst characterizing it as a "disastrous quarter."

By Dani James • Nov. 9, 2023

Digital Brands Group considers strategic alternatives

The lifestyle company, which has a brand portfolio that includes Sundry and Stateside, hopes to find shareholder value amid its public market performance.

By Dani James • Nov. 9, 2023

Warby Parker opened 11 new stores in Q3, raises full-year guidance

The vision brand's net revenue increased over 14% and executives said the company has long-term potential to operate at least 900 stores.

By Dani James • Nov. 8, 2023

Yeezy brings in $375M for Adidas in Q3, as overall net sales fall 6.4%

The company is undecided about how to handle remaining stock from a collaboration it nixed a year ago over problematic behavior from Ye.

By Daphne Howland • Nov. 8, 2023

Under Armour revamps marketing approach as outlook worsens

CEO Stephanie Linnartz also touted the addition of John Varvatos to its design team and said he is already building a “design-led culture.”

By Cara Salpini • Nov. 8, 2023