Financial News: Page 4


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    Daphne Howland/Retail Dive
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    Nordstrom posts robust holiday quarter, CFO plans jump to Starbucks

    Margins expanded and profits rose in the period, leaving the department store in good shape as it prepares to go private later this year.

    By March 4, 2025
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    Daphne Howland/Retail Dive
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    Target expects tariffs to pressure profits in Q1

    The retailer saw sales slide in the fourth quarter as it faced out-of-stocks and other challenges with in-store experiences.

    By Nate Delesline III • March 4, 2025
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    Courtesy of Solo Brands
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    Solo Brands receives noncompliance warning from NYSE

    The company has six months to regain compliance with the stock exchange. Meanwhile, its CEO will exit the business on Friday. 

    By Tatiana Walk-Morris • March 3, 2025
  • In a screenshot, two people demonstrate a kitchen stand mixer during a QVC segment
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    Courtesy of Qurate Retail Inc.
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    QVC Group focuses on social, streaming growth as revenue continues to slide

    After a $1.2 billion annual net loss, the company has struck a deal with CEO David Rawlinson to stay on through 2027 as it pursues a turnaround strategy.

    By Nate Delesline III • March 3, 2025
  • Shoppers walk by boarded-up windows in front of a brick, Old Navy building.
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    Justin Sullivan via Getty Images
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    What 5 charts say about the pandemic’s impact on retail, 5 years later

    The industry may be far from the dramatic day-to-day struggles of 2020, but it hasn’t yet escaped the long tail the global health crisis left in its wake.

    By March 3, 2025
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    Mario Tama via Getty Images
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    Consumer spending falls, highlighting fading confidence

    Two closely tracked gauges of consumer confidence slid in February, pushed down by concerns about import duties enacted by the Trump administration.

    By Jim Tyson • Feb. 28, 2025
  • Exterior shot of an Urban Outfitters store.
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    Daphne Howland/Retail Dive
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    Apparel rental site Nuuly turns profitable, aims for $500M in sales this year

    All Urban Outfitters Inc. brands gained market share and customers, with shoppers still “enthusiastic rather than exuberant,” CEO Richard Hayne said.

    By Feb. 27, 2025
  • A white truck is parked in front of a Lowe's store on a clear, bright day.
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    Daphne Howland/Retail Dive
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    Home Depot, Lowe’s notch comp gains in Q4

    While the sector may be on the mend, higher interest rates and potential tariff challenges continue to pressure the market.

    By Nate Delesline III • Feb. 27, 2025
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    Courtesy of Amer Sports
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    Amer Sports notches 23% revenue growth in Q4

    Executives anticipate another year of profitable growth in 2025 driven by strength from the company’s Arc’teryx and Salomon brands.

    By Tatiana Walk-Morris • Feb. 26, 2025
  • An aerial view of Wolverine's corporate headquarters.
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    Retrieved from Wolverine World Wide on February 21, 2025
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    Wolverine expects bounce-back year in 2025

    CEO Chris Hufnagel credited the better-than-expected Q4 results to execution of the company’s previously announced restructuring plan.

    By Laurel Deppen • Feb. 25, 2025
  • A Bed Bath & Beyond location with a "store closing" sign taped across the storefront.
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    Daphne Howland/Retail Dive
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    Beyond slashes SKUs and vendors as Q4 revenue falls 21%

    Executive Chairman Marcus Lemonis said “the worst is absolutely 100% behind us” and that the retailer might notch a few profitable months this year.

    By Nate Delesline III • Feb. 25, 2025
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    Courtesy of Dillard's
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    Dillard’s holiday margins shrink despite expense controls

    Unlike rivals, the Southern department store enjoyed higher traffic to stores last year, but joins them in losing share to value players.

    By Feb. 25, 2025
  • Joann store.
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    Courtesy of Joann
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    Joann to be sold, all stores going out of business

    Pending court approval, GA Group and the company’s lenders are winding down the retailer’s operations.

    By Nate Delesline III • Feb. 24, 2025
  • A person carrying a tote bag looks at items on a grocery store shelf
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    Brandon Bell via Getty Images
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    Consumer sentiment slumps on fears tariffs will fuel inflation

    Consumers are “clearly bracing for a resurgence in inflation,” said Joanne Hsu, director of the University of Michigan’s Surveys of Consumers.

    By Jim Tyson • Feb. 24, 2025
  • A GameStop storefront
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    Daphne Howland/Retail Dive
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    Column

    The Weekly Closeout: GameStop eyes asset sale, Hasbro plans a turnaround

    The gaming retailer is seeking buyers for its operations in France and Canada, while the toy company’s strategy “will drive Hasbro’s evolution into a modern play company.”

    By Retail Dive Staff • Feb. 21, 2025
  • Exterior of Wayfair's headquarters in Boston
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    Caroline Jansen/Retail Dive
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    Wayfair’s revenues inch up in Q4 as losses narrow

    While the retailer's customer base continues to shrink, CEO Niraj Shah is optimistic that the home goods downturn is nearing its end.

    By Feb. 20, 2025
  • Walmart storefront.
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    Kaarin Vembar/Retail Dive
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    Walmart issues modest full-year earnings outlook despite strong Q4

    The company is cautiously optimistic about its outlook, but Chief Financial Officer John David Rainey said there is uncertainty around consumer behavior and, more broadly, global economic and geopolitical considerations.

    By Nate Delesline III • Feb. 20, 2025
  • Shoes are displayed on a table under a bright light while the room is dark.
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    Ben Gabbe/Getty Images for Stuart Weitzman via Getty Images
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    Tapestry to sell Stuart Weitzman for $105M

    With the sale to Caleres, "Tapestry’s plans of being a large luxury house are not happening," according to an analyst.

    By Laurel Deppen • Feb. 20, 2025
  • Kirkland’s to close some stores as part of turnaround

    The retailer is also eliminating low-performing SKUs and will boost its e-commerce in partnership with Beyond.

    By Nate Delesline III • Feb. 18, 2025
  • Crocs storefront
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    "Crocs" by whologwhy is licensed under CC BY 2.0
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    Crocs expects $11M hit to gross profit from tariffs

    The footwear retailer ended 2024 with ongoing strength at its namesake brand and hope for a turnaround at struggling Heydude.

    By Feb. 18, 2025
  • Laundry products from Green Grab and Grove Collaborative
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    Courtesy of Grove Collaborative
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    Grove Collaborative acquires Grab Green

    The deal extends an existing partnership between the two companies, as Grab Green in 2019 became a third-party vendor for the sustainable retailer.

    By Howard Ruben • Feb. 13, 2025
  • A Quiksilver storefront, with racks of flip flops outside.
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    The image by Jan Hagelskamp1 is licensed under CC BY 4.0
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    Liberated Brands to close all stores, sell its wholesale inventory following bankruptcy

    The company hired Gordon Brothers to conduct liquidation sales for its operated stores including Billabong, Roxy and Quiksilver.

    By Laurel Deppen • Feb. 12, 2025
  • A Party City storefront
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    Nate Delesline III/Retail Dive
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    Party City IP, wholesale operations to be acquired for $20M

    An affiliate of Ad Populum is buying the party retailer's IP, but Dollar Tree and Five Below emerged as top bidders for the company's store leases.

    By Nate Delesline III • Feb. 11, 2025
  • A Skechers storefront in an outdoor mall. A shopper walks into the door.
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    The image by Harrison Keely is licensed under CC BY 4.0
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    Skechers reaches record growth, but stock tumbles following weak outlook

    The footwear giant is also preparing to change its sourcing strategies amid tariff challenges.

    By Laurel Deppen • Feb. 10, 2025
  • The Cuddly Cougar bear for Build-A-Bear's ‘After Dark’ Valentine’s Day Collection
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    Courtesy of Build-A-Bear Workshop
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    Column

    The Weekly Closeout: Beyond closes Kirkland’s deal — and a very beary Valentine’s Day

    The two home retailers finalized their investment deal, while Build-A-Bear expanded its long-running “After Dark” collection.

    By Retail Dive Staff • Feb. 7, 2025