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

Forever 21 and Shein strike deal to distribute both companies’ products

Under the agreement, the Sparc Group will become a minority shareholder in Shein.

By Laurel Deppen • Aug. 24, 2023

Dollar Tree agrees to $1.35M OSHA penalty over store safety violations

The discounter's Q2 revenue rose, but profits are down amid adjustments to operations at its namesake and Family Dollar banners.

By Daphne Howland • Aug. 24, 2023

Ghost raises $30M to help brands, retailers move surplus inventory

The members-only B2B marketplace allows sellers to monetize their surplus inventory to vetted buyers. 

By Tatiana Walk-Morris • Aug. 24, 2023

Bath & Body Works loyalty members now make up 75% of US sales

The program has ballooned to 38 million members in one year. The retailer also opened 30 new off-mall stores in Q2 as it looks for growth.

By Nate Delesline III • Aug. 23, 2023

Kohl’s Q2 profits plunge 60%

Tight cost control helped keep the department store in the black. But sales fell and customers remain under pressure.

By Daphne Howland • Aug. 23, 2023

Peloton recall dings growth in Q4

The company — which saw revenue decline 5% year over year — experienced larger-than-anticipated costs after enacting a bike seat post recall in May.

By Dani James • Aug. 23, 2023

Foot Locker sales fall nearly 10% as it weathers ‘tougher than expected’ year

CEO Mary Dillon said the start of the back-to-school season was weaker than expected as lower-income shoppers stay cautious.

By Cara Salpini • Aug. 23, 2023

Lowe’s to give $100M in bonuses to frontline workers

The home improvement retailer is maintaining its full-year guidance after it beat earnings expectations.

By Nate Delesline III • Aug. 22, 2023