Dollar General braces for $95M profit hit as it clears inventory

While it works to reduce stock levels, the discounter is also investing in new planning tools to help manage flows at stores and distribution centers.

By Ben Unglesbee • Sept. 12, 2023

RH predicts market challenges will persist as sales fall 19%

Net income tumbled 37% in Q2 as the retailer faces industrywide challenges, including the highest mortgage rates in 20 years.

By Nate Delesline III • Sept. 11, 2023

Torrid lays off 5% of headquarters staff as sales decline

The workforce reduction, which took place at the beginning of Q3, came as the retailer reported second-quarter net income fell over 70%.

By Dani James • Sept. 7, 2023

Nordstrom vet tapped for Honest CFO seat

The finance leadership change comes as the consumer products company struggles with growth and profitability.

By Alexei Alexis • Sept. 7, 2023

Express Inc. leans on cost cuts as sales, profits plummet

The apparel conglomerate is facing consumer demand for promotional pricing and has had to correct some fashion misses at its namesake.

By Daphne Howland • Sept. 6, 2023

Reese Witherspoon sells majority stake in Draper James

Private equity firm Consortium Brand Partners now holds a 70% stake, while the actor and brand founder remains a partner and board member.

By Dani James • Sept. 6, 2023

The Weekly Closeout: Academy Sports and Outdoors expands assortment, and has pumpkin spice gone too far?

Fall-scented flushable wipes are here. Meanwhile, Academy Sports and Outdoors struck two deals this week, with Fanatics and L.L. Bean.

By Retail Dive Staff • Sept. 1, 2023

Lululemon increases store opening plans as sales climb 18%

While many in the industry have warned of challenges, the athletics retailer continued to outperform, recording double-digit profit growth.

By Cara Salpini • Sept. 1, 2023

Chewy sales up 14% in Q2, beating expectations

However, executives noted consumer shifts that signal shoppers may be seeking out more value in light of economic uncertainty.

By Caroline Jansen • Aug. 31, 2023

Dollar General set to open nearly 1K new stores despite profit, margin declines

The discounter is grappling with bloated inventories, which analysts say are contributing to shrink and impeding store operations.

By Daphne Howland • Aug. 31, 2023

Victoria’s Secret posts Q2 sales decline amid turnaround efforts

While the retailer reported progress on its strategic initiatives, analysts question whether its actions are working.

By Kaarin Moore • Aug. 31, 2023

J.C. Penney announces $1B turnaround plan

The struggling department store will upgrade its tech, stores and customer experience, but is unlikely to follow rival Macy’s in leaving the mall.

By Daphne Howland • Aug. 31, 2023

The Backroom: A look back on the first half of 2023 for DTC brands

The team talks about the latest financial results from various players as the holidays quickly approach.

By Retail Dive Staff • Aug. 31, 2023

Ann Taylor, Loft, Talbots form new KnitWell Group

Sycamore Partners acquired Talbots over a decade ago and the other KnitWell brands during Ascena’s 2020 bankruptcy.

By Daphne Howland • Aug. 30, 2023

Vera Bradley Q2 sales decline, full-year outlook narrows

The company — which operates its namesake brand and Pura Vida — lowered the top end of its fiscal 2024 revenue expectations.

By Dani James • Aug. 30, 2023

Big Lots completes store leasebacks, takes ‘decisive actions’ to lower costs

The retailer said its core lower-income customer remains under pressure, but expects improvements in the back half of the year.

By Nate Delesline III • Aug. 29, 2023

Best Buy Q2 sales, profits decline as consumers avoid buying electronics

But the company noted some momentum in the quarter and predicts the category is set to rebound.

By Daphne Howland • Aug. 29, 2023

E.l.f. Beauty to acquire Naturium for $355M

The skin care brand was launched in 2019 by accelerator The Center and is expected to double E.l.f. Beauty’s presence in the category.

By Dani James • Aug. 29, 2023

Rite Aid reportedly preparing Chapter 11 bankruptcy filing

A filing could help the retailer restructure $3.3 billion in debt and address a slew of lawsuits alleging it unlawfully filled opioid prescriptions.

By Nate Delesline III • Aug. 28, 2023

Natura & Co considers selling The Body Shop

The Brazilian cosmetics conglomerate acquired the beauty brand in 2017 and is now exploring strategic alternatives amid declining performance. 

By Dani James • Aug. 28, 2023

New Gap Inc. CEO: ‘We need to make these brands matter more’

Further declines in Q2 greeted former Mattel executive Richard Dickson as he took the helm at the apparel conglomerate.

By Daphne Howland • Aug. 28, 2023

Instacart files plans to go public

The grocery technology company, which intends to list its shares on the Nasdaq under the ticker symbol “CART,” said it has not yet determined how much money it will seek to raise through the IPO.

By Sam Silverstein , Catherine Douglas Moran • Aug. 28, 2023

The Weekly Closeout: Petco swings to a loss and Ace Hardware plans 170 stores this year

The pet retailer reported its 19th consecutive quarter of comp growth, while the hardware cooperative has already opened 100 of its planned stores.

By Retail Dive Staff • Aug. 25, 2023

Ulta says locked fragrance cabinets are helping sales

The cases, which are in about half of the beauty retailer’s stores, are reducing theft and keeping product in stock.

By Cara Salpini • Aug. 25, 2023

Nordstrom pushes ahead with Rack expansion despite declines

Credit card delinquencies are up and prospects for the holiday quarter are hazy, executives said on Thursday.

By Daphne Howland • Aug. 25, 2023