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

Macy’s swings to a loss in Q2 as consumer situation deteriorates

Credit card delinquencies took an $84 million bite out of revenue, but sales fell in stores and online as well.

By Daphne Howland • Aug. 22, 2023

Dick’s cuts jobs as theft takes a bite out of profit

The athletics retailer rolled out a business optimization plan to streamline its cost structure, while executives called theft an “increasingly serious issue.”

By Cara Salpini • Aug. 22, 2023

Boxed acquired by MSG Distributors

The regional distributor of consumables and household products said it will work to continue serving Boxed’s customers, vendors and brands.

By Peyton Bigora • Aug. 22, 2023

DTC’s Q2 was a mixed bag as holidays approach

Some brands swam while others drowned in a period that saw everything from major executive changes to falling sales.

By Caroline Jansen , Dani James • Aug. 21, 2023

The Weekly Closeout: Target faces ESG lawsuit, BeautyStat names chief marketing officer

The suit filed by a Target stockholder alleges that the retailer misled shareholders over the effect its ESG efforts would have on its performance.

By Retail Dive Staff • Aug. 18, 2023

Christmas Tree Shops to liquidate under Chapter 7

The retailer’s bankruptcy was converted from Chapter 11 this week, with the judge stepping in to prioritize paying store employee wages.

By Daphne Howland • Aug. 18, 2023

Bark approves share repurchase program of up to $7.5M

The pet care brand's long-term debt reached $81.4 million in Q1 and revenue declined 8% year over year. 

By Dani James • Aug. 18, 2023

Express plans layoffs, reverse stock split

The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.

By Nate Delesline III • Aug. 18, 2023