Financial News: Page 4
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Courtesy of Peloton
Peloton revenue slides 13% in Q3
Still, executives touted that the connected fitness company performed above the high end of its guidance range as it narrowed losses in the period.
By Caroline Jansen • May 14, 2025 -
Retrieved from Vince on May 13, 2025
Vince faces potential delisting
The New York Stock Exchange said the company’s market cap and stockholders’ equity had dropped below continued listing standards.
By Lara Ewen • May 14, 2025 -
Courtesy of Walmart
Walmart touts savings from continued automation efforts
The retailer predicts it will slash costs by more than 30% at its high-tech facilities by year's end, one executive said.
By Philip Neuffer • May 14, 2025 -
Brandon Bell via Getty Images
Under Armour nears the end of SKU reduction, turns focus to premium products
The athletics retailer hopes to position its assortment as a higher-end offering, including through a $140 backpack.
By Cara Salpini • May 13, 2025 -
Courtesy of On
On is raising some prices, but it isn’t because of tariffs
The athletics company saw net sales increase 43% and plans to increase pricing to further differentiate itself as a premium brand in the market.
By Dani James • May 13, 2025 -
Nate Delesline III/Retail Dive
Beyond to acquire Kirkland’s IP for $5M — and plans to license it back
Kirkland’s will run stores for both retailers while Beyond will be able to appoint directors to Kirkland’s board.
By Dani James • May 12, 2025 -
Courtesy of QVC Group
QVC CEO: Our consumers are ‘heavily distracted by current events’
The company, which is working to become a live social shopping company, reported a 10% revenue drop in Q1 and swung to a loss.
By Kaarin Moore • May 12, 2025 -
Daphne Howland/Retail Dive
J.C. Penney swings to a loss
Last year’s sales declines and steep net loss put the retailer at the bottom of the struggling department store sector, an analyst said.
By Daphne Howland • May 12, 2025 -
Pete Marovich via Getty Images
US, China agree to reduce tariff rates for 90 days
By Wednesday, the two countries will charge 10% baseline duties and remove certain retaliatory levies that pushed rates over 100%.
By Philip Neuffer • May 12, 2025 -
Permission granted by Liza Amlani, Retail Strategy Group
ColumnThe Weekly Closeout: Hudson’s Bay lands ‘several’ bids and Trump threatens Mattel with tariffs
None of the Canadian retailer’s bids are from insiders. Meanwhile, the president responded to the toy brand's statements on diversifying its supply chain.
By Retail Dive Staff • May 9, 2025 -
Caroline Jansen/Retail Dive
Despite 18% sales drop, Allbirds says it could return to top-line growth in Q4
The footwear brand’s new product lineup is set to hit shelves this fall and a refreshed store concept at one location is leading to higher sales.
By Cara Salpini • May 9, 2025 -
Daphne Howland/Retail Dive
REI Union’s successful ‘Vote No’ campaign leaves 3 board seats empty
The outdoor category has faltered with the end of its pandemic boom, and the retailer reported a 2024 net sales decline, though losses narrowed.
By Daphne Howland • May 9, 2025 -
Permission granted by Purple
Purple sales down 13% in Q1, citing softness in wholesale, e-commerce channels
The company said it’s more than doubling its presence in Mattress Firm stores at a time when the brand’s wholesale business is down 24%.
By Howard Ruben • May 9, 2025 -
Kevin Frayer via Getty Images
Tapestry reports record third quarter, raises guidance
Coach revenue gains offset losses at Kate Spade, while Stuart Weitzman saw steep declines ahead of its sale to Caleres this summer.
By Lara Ewen • May 9, 2025 -
Daphne Howland/Retail Dive
Warby Parker posts first quarterly net profit since going public
The brand is working to mitigate tariff impacts, but has already had to raise prices on some lenses and accessories.
By Dani James • May 8, 2025 -
Cara Salpini/Retail Dive
Crocs yanks guidance, citing trade uncertainty
The company recently joined with other footwear brands to urge the Trump administration to exempt the category from tariffs.
By Daphne Howland • May 8, 2025 -
Courtesy of Hims & Hers
Hims & Hers hires former Amazon exec as Q1 revenue doubles
Nader Kabbani, who spent almost 20 years at the e-commerce giant, joins the health startup as chief operations officer.
By Tatiana Walk-Morris • May 8, 2025 -
Daphne Howland/Retail Dive
GameStop sells its Canadian business
Entrepreneur Stephan Tetrault acquired the business for an undisclosed amount, adding to his list of toy and gaming ventures.
By Dani James • May 7, 2025 -
Courtesy of Mattel
Mattel warns of price increases amid tariff pressure
The toy manufacturer is accelerating a pullback from China, which already accounts for less than 20% of its U.S. imports, a distinct advantage over rivals.
By Kaarin Moore • May 7, 2025 -
Permission granted by Rite Aid
Rite Aid files for bankruptcy 8 months after exiting Chapter 11
The drugstore retailer is in talks to sell itself, but could liquidate its entire footprint if no buyers emerge.
By Daphne Howland • Updated May 6, 2025 -
Brandon Bell via Getty Images
Skechers to go private in $9.4B deal
3G Capital is paying $63 per share in cash, which analysts say represents a bet that the footwear sector will be profitable in the long term despite tariffs.
By Laurel Deppen • May 5, 2025 -
Courtesy of Ebay
EBay restructures leadership, brings in new CFO
A former PayPal exec is stepping into the role. Meanwhile, the company is bringing together its product and marketing teams and consolidating engineering.
By Kaarin Moore • May 5, 2025 -
Kirkland’s eyes additional $5M in funds from Beyond as fourth-quarter sales drop
The home retailer, which saw net income fall more than 20% in Q4, will use the money in part to open Bed Bath & Beyond Home and Overstock stores.
By Dani James • May 5, 2025 -
Kaarin Moore/Retail Dive
Retail job cuts up nearly 80% in April
Retail announced over 64,000 job cuts so far this year, the second most of any industry, according to a report from Challenger, Gray & Christmas.
By Howard Ruben • May 5, 2025 -
The image by DOAI MOGHA0 Hoo is licensed under CC BY-SA 4.0
VF lays off about 400 employees
The Vans owner said the cuts are part of the company’s ongoing turnaround strategy.
By Laurel Deppen • May 5, 2025
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