Wish plans to lay off 255 employees by the end of the fiscal year

The struggling online marketplace said in a filing that the move affects 41% of its U.S. workforce and 26% of its international workforce.

By Daphne Howland • Aug. 2, 2023

E.l.f. Beauty net sales, income skyrocket in Q1

The cosmetics company said its focus on value pricing and product franchises helped drive performance during the quarter. 

By Dani James • Aug. 2, 2023

Kao to acquire Bondi Sands

The Australian sun product brand is available in over 32 countries and hopes to expand further through the deal.

By Dani James • Aug. 1, 2023

Walmart ups stake in Flipkart after buying additional shares from Tiger Global

The mass merchant in 2018 became Flipkart's largest shareholder after paying $16 billion for an initial 77% stake in the company.

By Nate Delesline III • July 31, 2023

SharkNinja starts trading on NYSE

The consumer products and technology company generated $3.7 billion in net sales during 2022 and trades under the ticker symbol “SN.”

By Dani James • July 31, 2023

Skechers logs record sales again in Q2 despite wholesale challenges

Executives pointed to strong performance of direct-to-consumer sales, particularly at retail locations.

By Laurel Deppen • July 31, 2023

Hoka hits quarterly sales record, tops $420M

The athletic footwear brand lifted Deckers’ first-quarter earnings, with the company raising its full-year sales outlook.

By Dani James • July 28, 2023

GameStop CFO resigns after about a year

Diana Saadeh-Jajeh’s departure, effective Aug. 11, extends the streak of executive turnover at the retailer.

By Nate Delesline III • July 28, 2023

Tractor Supply to expand its footprint, aiming for 3K nationwide

The retailer is also doubling down on leased stores and will leverage a sale-leaseback strategy to help fund its expansion.

By Daphne Howland • July 27, 2023

Overstock revenue falls 20% ahead of Bed Bath & Beyond rebrand

CEO Jonathan Johnson said the company is on track to relaunch in the U.S. next month, and in-app promotions will replace the retailer’s iconic blue coupons.

By Nate Delesline III • July 27, 2023

Crocs reaches over $1B in quarterly revenue

The footwear company saw direct-to-consumer revenue increase 26% in Q2. However, Crocs lowered its full-year revenue expectations for HeyDude.

By Dani James • July 27, 2023

Authentic Brands Group acquires Rockport out of bankruptcy

The brand conglomerate sees an opportunity to expand the footwear company's assortment into a "full lifestyle offering."

By Nate Delesline III • July 26, 2023

‘Haves and have-nots’: How the funding market is panning out in 2023

The outlook already looked bleak back in January, and the first half of the year showed that snagging capital might be tougher than ever.

By Dani James • July 26, 2023

Apollo Global Management makes equity investment in PetSmart

The deal expands backing of private equity investors alongside UK-based BC Partners.

By Nate Delesline III • July 25, 2023

Adidas raises guidance after successful Yeezy drop

The first sale of leftover inventory slashed 250 million euros from its projected operating loss, and further drops could help even more.

By Cara Salpini • July 25, 2023

BuyBuy Baby IP buyer wins bid on 11 store leases

The move may position online retailer and vendor Dream on Me to expand into brick-and-mortar operations. 

By Nate Delesline III • July 24, 2023

Cuup acquired by FullBeauty Brands

The digitally native intimates brand shares a similar focus on size inclusivity with FullBeauty, which acquired Eloquii in April.

By Dani James • July 20, 2023

Skims reaches $4B valuation

The apparel brand — founded by Kim Kardashian — raised $270 million in a Series C funding round led by Wellington Management.

By Dani James • July 19, 2023

Il Makiage owner to start trading at higher share price

Oddity increased its share price to $35 and bumped up the amount of Class A ordinary shares offered by certain selling stockholders on Wednesday. 

By Dani James • July 19, 2023

Bread Beauty Supply closes on seed funding round

With a multimillion-dollar investment led by Fearless Fund, the hair care brand hopes to expand its distribution channels and product assortment.

By Dani James • July 17, 2023

David’s Bridal will keep nearly 200 stores open under new ownership

The chain has been seeking a buyer since before its April bankruptcy filing. An offer from Cion Investment Corp. was approved last week.

By Daphne Howland • Updated July 24, 2023

The Weekly Closeout: Layoffs at The Children’s Place and inflation dips to lowest levels since March 2021

The kids retailer said it’s ending the lease on its New Jersey headquarters, and in June the consumer price index rose just 3% year over year. 

By Retail Dive Staff • July 14, 2023

Foundry acquires men’s personal care brand Blu Atlas

The digital brands platform paid an undisclosed eight-figure sum for the business, adding to its growing portfolio of men's focused companies.

By Dani James • July 13, 2023

Bankruptcy judge OKs sale of BuyBuy Baby brand and digital assets for $15.5M

The distressed retailer’s brick-and-mortar stores are now slated to close after no bids materialized to keep them open.

By Nate Delesline III • July 12, 2023

Il Makiage parent company aims for $1.7B valuation in IPO

Oddity formally launched its initial public offering on Monday, and expects net proceeds to reach about $41 million.

By Dani James • July 11, 2023