Walmart raises guidance after solid Q2

Consumers continue to rely on the retailer for essentials but its CEO sees opportunity to drive discretionary buys.

By Nate Delesline III • Aug. 17, 2023

RadioShack under new ownership again

Unicomer Group has taken over from Retail Ecommerce Ventures, which first acquired the retailer's IP in 2020.

By Daphne Howland • Aug. 17, 2023

Digital Brands Group reports Q2 net income

The company — which boasts a portfolio including Sundry and Stateside — swung from a net loss of $10.6 million the year before. 

By Dani James • Aug. 17, 2023

Target’s Q2 profits beat expectations despite soft sales

The retailer also acknowledged controversy over its Pride month assortment affected performance.

By Nate Delesline III • Aug. 16, 2023

HomeGoods owner gets a boost from Bed Bath & Beyond closures

But the robust apparel sales at TJX Cos.’ T.J. Maxx and Marshalls stores could be undermined once student loan payments resume, analysts said.

By Daphne Howland • Aug. 16, 2023

What Gap Inc. needs from its new CEO

Longtime Mattel executive Richard Dickson is taking the reins of an apparel conglomerate — whose brands all need some help.

By Daphne Howland • Aug. 16, 2023

Grove Collaborative co-founder out as CEO

Stuart Landesberg will exit the chief executive role Wednesday, being succeeded by former Zulily and Shopbop CEO Jeff Yurcisin.

By Caroline Jansen • Aug. 15, 2023

Parade acquired by Ariela & Associates International

The DTC intimates brand has expanded its product categories over the past several months and will operate as a division of Ariela & Associates International.

By Dani James • Aug. 15, 2023

Home Depot positive on full year as Q2 beats expectations

Although sales of big-ticket items are down, the retailer is expanding its offering in the hand tools, kitchen and bath sectors.

By Nate Delesline III • Aug. 15, 2023

On brand’s DTC sales grew faster than wholesale in Q2

The brand’s direct-to-consumer channel increased 54.7% year over year to 163.5 million Swiss francs during the quarter.

By Dani James • Aug. 15, 2023

Neiman Marcus cuts corporate staff to boost cross-functional collaboration

The department store said less than 1% of its workforce is affected by the latest layoffs as it continues to implement a strategy unveiled in February.

By Daphne Howland • Aug. 14, 2023

Capri releases soft Q1 earnings as Tapestry’s plan to buy company is revealed

Sales and profit declines took a backseat to the surprise merger announcement Thursday, but provided new context to the $8.5 billion deal.

By Lara Ewen • Aug. 14, 2023

Consumer product maker Amyris files for bankruptcy, lays off another 260 workers

The biotech company’s entire portfolio of brands, which includes JVN, Biossance and Rose Inc., is also up for sale.

By Daphne Howland • Aug. 11, 2023

Bark revenue down 8% in Q1

Both DTC and wholesale revenue slid in the quarter as the online pet retailer works to stabilize its cash burn and become a more nimble organization.

By Howard Ruben • Aug. 11, 2023

Resale company Trove raises $30 million in Series E funding

The company, which works with retailers including Canada Goose, Lululemon and REI, has landed $150 million in funding since its inception.

By Tatiana Walk-Morris • Aug. 11, 2023

HanesBrands reports second quarter sales dip, avoids discussion of Barington letter

Faced with mounting pressure from activist investors, the company said it was reducing inventory and attempting to lower its $3.5 billion debt bill.

By Lara Ewen • Aug. 11, 2023

Wolverine Worldwide fires CEO as company reports weak Q2

The shoe and apparel company has moved to strengthen and reorganize its brand portfolio in recent years.

By Nate Delesline III • Aug. 10, 2023

Tapestry agrees to buy rival fashion house Capri for $8.5B

The Michael Kors brand has already emerged as a problem to solve, at what will be the fourth largest luxury house in the world.

By Daphne Howland • Aug. 10, 2023

Warby Parker on track to open 40 stores in 2023 as it finds continued value in brick and mortar

The DTC eyewear brand opened 13 stores during the second quarter at a time when some digitally native companies are pulling back on physical retail.

By Caroline Jansen • Aug. 10, 2023

Wayfair’s suppliers are ‘reverting to normal’: CEO

Stock levels for many home goods vendors have reached healthy levels after peaking last year, while product introductions are at their highest in three years.

By Ben Unglesbee • Aug. 10, 2023

Allbirds beats Q2 revenue expectations

Revenue still fell nearly 10% in the second quarter, but co-founder and CEO Joey Zwillinger touted progress on the company’s transformation plan.

By Caroline Jansen • Aug. 9, 2023

ThredUp, The RealReal take different paths to profitability

Both online resale companies are focusing more on consignment and are exploring other, higher-margin revenue streams as well.

By Daphne Howland • Aug. 9, 2023

Under Armour brings on new designers as it looks to improve product offerings

Amid a pivot to athleisure, the retailer’s revenue fell 2% in the most recent quarter, due mostly to a 6% decline in wholesale.

By Cara Salpini • Aug. 8, 2023

Seizing momentum, L.L. Bean expands store fleet, wholesale

The outdoor retailer will open two stores in New England and two in Canada, and is partnering with Dillard’s, Moosejaw and 10 independent shops.

By Daphne Howland • Aug. 7, 2023

Funko lays off 12% of workforce

The staff cuts affect 180 employees and come as the company, known for its pop-culture-inspired figures and collectibles, reported sales fell 24% in Q2.

By Howard Ruben • Aug. 7, 2023