Neiman Marcus cuts corporate staff to boost cross-functional collaboration

The department store said less than 1% of its workforce is affected by the latest layoffs as it continues to implement a strategy unveiled in February.

By Daphne Howland • Aug. 14, 2023

Capri releases soft Q1 earnings as Tapestry’s plan to buy company is revealed

Sales and profit declines took a backseat to the surprise merger announcement Thursday, but provided new context to the $8.5 billion deal.

By Lara Ewen • Aug. 14, 2023

Consumer product maker Amyris files for bankruptcy, lays off another 260 workers

The biotech company’s entire portfolio of brands, which includes JVN, Biossance and Rose Inc., is also up for sale.

By Daphne Howland • Aug. 11, 2023

Bark revenue down 8% in Q1

Both DTC and wholesale revenue slid in the quarter as the online pet retailer works to stabilize its cash burn and become a more nimble organization.

By Howard Ruben • Aug. 11, 2023

Resale company Trove raises $30 million in Series E funding

The company, which works with retailers including Canada Goose, Lululemon and REI, has landed $150 million in funding since its inception.

By Tatiana Walk-Morris • Aug. 11, 2023

HanesBrands reports second quarter sales dip, avoids discussion of Barington letter

Faced with mounting pressure from activist investors, the company said it was reducing inventory and attempting to lower its $3.5 billion debt bill.

By Lara Ewen • Aug. 11, 2023

Wolverine Worldwide fires CEO as company reports weak Q2

The shoe and apparel company has moved to strengthen and reorganize its brand portfolio in recent years.

By Nate Delesline III • Aug. 10, 2023

Tapestry agrees to buy rival fashion house Capri for $8.5B

The Michael Kors brand has already emerged as a problem to solve, at what will be the fourth largest luxury house in the world.

By Daphne Howland • Aug. 10, 2023

Warby Parker on track to open 40 stores in 2023 as it finds continued value in brick and mortar

The DTC eyewear brand opened 13 stores during the second quarter at a time when some digitally native companies are pulling back on physical retail.

By Caroline Jansen • Aug. 10, 2023

Wayfair’s suppliers are ‘reverting to normal’: CEO

Stock levels for many home goods vendors have reached healthy levels after peaking last year, while product introductions are at their highest in three years.

By Ben Unglesbee • Aug. 10, 2023

Allbirds beats Q2 revenue expectations

Revenue still fell nearly 10% in the second quarter, but co-founder and CEO Joey Zwillinger touted progress on the company’s transformation plan.

By Caroline Jansen • Aug. 9, 2023

ThredUp, The RealReal take different paths to profitability

Both online resale companies are focusing more on consignment and are exploring other, higher-margin revenue streams as well.

By Daphne Howland • Aug. 9, 2023

Under Armour brings on new designers as it looks to improve product offerings

Amid a pivot to athleisure, the retailer’s revenue fell 2% in the most recent quarter, due mostly to a 6% decline in wholesale.

By Cara Salpini • Aug. 8, 2023

Seizing momentum, L.L. Bean expands store fleet, wholesale

The outdoor retailer will open two stores in New England and two in Canada, and is partnering with Dillard’s, Moosejaw and 10 independent shops.

By Daphne Howland • Aug. 7, 2023

Funko lays off 12% of workforce

The staff cuts affect 180 employees and come as the company, known for its pop-culture-inspired figures and collectibles, reported sales fell 24% in Q2.

By Howard Ruben • Aug. 7, 2023

Steve Madden revenue drops again in Q2

The fashion firm’s long-term growth strategy includes more DTC business and expanded offerings in handbags and apparel.

By Lara Ewen • Aug. 7, 2023

Amazon’s Q2 online retail sales beat forecast

CEO Andy Jassy said the company remains focused on lowering costs without sacrificing delivery speed.

By Nate Delesline III • Aug. 4, 2023

Adidas CEO: Selling Yeezy designs in the future is ‘not part of our strategy’

Bjørn Gulden said that while the company is legally able to do that, “our task now is to limit the damage ... and build a business later without Yeezy.”

By Cara Salpini • Aug. 4, 2023

The Weekly Closeout: Ulta CEO joins Best Buy’s board, while Petco plans for Halloween

Dave Kimbell comes in with deep specialty retail experience. Meanwhile, the pet retailer has already released a collection for the upcoming holiday.

By Retail Dive Staff • Aug. 4, 2023

Tupperware announces debt restructuring

Following months of operational turmoil at the company, Tupperware said the new agreement improves its financial position.

By Dani James • Aug. 4, 2023

Aurate partners with Macy’s, Helzberg Diamonds

The digitally native jewelry brand is entering wholesale after closing its own stores. CEO Sophie Kahn spoke to Retail Dive about its strategy. 

By Dani James • Aug. 4, 2023

Wayfair narrows losses in Q2

The online home goods retailer has been executing on a plan intended to help it return to profitability. But it’s facing increased competition in the sector.

By Caroline Jansen • Aug. 3, 2023

Simon Property Group says its retail portfolio is worth $3.5B

CEO David Simon didn’t spell out how the valuation was determined, but net operating income from the holdings fell 57% in Q2.

By Daphne Howland • Aug. 3, 2023

Canada Goose DTC revenue jumps 60% in Q1

The luxury apparel brand reported that direct-to-consumer growth was driven by brick-and-mortar sales.

By Dani James • Aug. 3, 2023

American Eagle Outfitters COO to exit

Michael Rempell is leaving the retailer after 23 years in a planned leadership transition. Meanwhile, the company raised its Q2 forecast.

By Kaarin Moore • Aug. 3, 2023