Home Depot puts $1B toward higher wages as labor market stays tight

Despite many headwinds, the home improvement retailer expects to take market share, thanks in part to its customer service, executives said.

By Daphne Howland • Feb. 21, 2023

2023 will be a ‘reset year’ for the footwear industry: NPD

Sales might finally stabilize in the sector, and casual shoes will continue to grow as shoppers prioritize necessities.

By Tatiana Walk-Morris • Feb. 21, 2023

Indochino posts 40% revenue increase in 2022

The suit brand noted record-breaking results over the Black Friday weekend, and attributed some of its sales success to sports partnerships.

By Tatiana Walk-Morris • Feb. 21, 2023

Credit card debt surpasses pre-pandemic levels: Fed

Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.

By Tatiana Walk-Morris • Feb. 21, 2023

The Weekly Closeout: Louis Vuitton brings on Pharrell Williams, Belk plots more outlet stores

The fashion designer and singer joins the luxury brand as men’s creative director, while the department store plans up to six outlet openings by mid-April.

By Retail Dive Staff • Feb. 17, 2023

Smooth sailing ahead for (most) off-price retailers

TJX is a standout in a space that continues to benefit from a dicey economy, while Nordstrom Rack struggles to gain a foothold.

By Daphne Howland • Feb. 17, 2023

Tuesday Morning says lenders’ actions contributed to Chapter 11

The company, which is preparing to close hundreds of stores, said when Wells Fargo increased its reserves, the move “effectively eliminated” the retailer’s operating liquidity.

By Nate Delesline III • Feb. 16, 2023

Nearly 70% of consumers to cut back on nonessential spending: report

Inflation is influencing consumers’ shopping habits, according to a survey by PwC. But, luxury buyers may be insulated from the trend.

By Tatiana Walk-Morris • Feb. 16, 2023

Independent Pet Partners files Ch. 11, looks to sell some stores

The owner of Loyal Companion is closing dozens of stores and selling some of its locations to Pet Supplies Plus and other competitors.

By Kaarin Vembar and Tatiana Walk-Morris • Feb. 16, 2023

The RealReal slashes workforce, store base in quest for profits

The resale site has long struggled to make money despite strong sales, but turning away from brick and mortar carries risk in this unique segment.

By Daphne Howland • Feb. 16, 2023

Tuesday Morning files for Chapter 11, again

In its second bankruptcy filing since 2020, the discount retailer is planning to shrink its store footprint further and refocus on high-traffic stores.

By Nate Delesline III • Feb. 14, 2023

Away exploring strategic options, including a sale: Bloomberg

The brand once boasted a $1.4 billion valuation. But over the years it has experienced challenges, including several C-suite changes.

By Dani James • Feb. 14, 2023

Bed Bath & Beyond Canada is going out of business

The struggling home goods retailer will no longer support the unprofitable operations, and all 54 namesake and 11 BuyBuy Baby stores will close.

By Daphne Howland • Feb. 13, 2023

Bark lays off 12% of full-time workforce

The job cuts, which affect 126 employees, are intended to reduce costs as the online pet retailer works to reach profitability.

By Caroline Jansen • Feb. 10, 2023

Online prices fall for fifth consecutive month: report

January online prices fell 1% year over year, and “e-commerce will be an important battleground” in 2023, according to Adobe. 

By Tatiana Walk-Morris • Feb. 10, 2023

Newell Brands taps new CEO amid sales decline

The Yankee Candle and Sharpie owner recorded an 18.5% drop in net sales for the fourth quarter and said its chief executive would retire in May.

By Dani James • Feb. 10, 2023

The Weekly Closeout: Panera debuts baguette bag and Adidas navigates celebrity partner fallout

The chain restaurant released a $39.50 purse and the sports retailer made recent headlines regarding its work with Beyoncé and Ye. 

By Retail Dive Staff • Feb. 10, 2023

Wolverine Worldwide sells Keds to Designer Brands

Designer Brands has sought new retail partners and wants to increase the revenue of its private labels.

By Tatiana Walk-Morris • Feb. 9, 2023

Adidas issues ‘shockingly bad’ 2023 guidance after Ye breakup

The apparel company’s decision to end its partnership with Kanye West may cost more than $1 billion.

By Nate Delesline III • Feb. 9, 2023

Last-minute funding buys Bed Bath & Beyond more time

As part of the company’s turnaround strategy, it aims to reduce its brick-and-mortar footprint to 480 stores.

By Nate Delesline III • Feb. 8, 2023

To rescue Vans, VF aims to replicate success at The North Face

After another tough quarter, the apparel conglomerate is cutting costs and mulling a sale of backpack brands Kipling, Eastpak and JanSport.

By Daphne Howland • Feb. 8, 2023

Under Armour turns to athleisure for growth

Catering to the rest of a customer’s day could triple its addressable market, according to interim chief Colin Browne.

By Cara Salpini • Feb. 8, 2023

Simon Property Group sells off Eddie Bauer interest as its retail investments tumble

Many of the REIT’s retailers and brands are profitable, and even J.C. Penney is thriving, but Forever 21 had a tough 2022, CEO David Simon said.

By Daphne Howland • Feb. 7, 2023

American Dream misses another $8.8M loan payment

The experience-rich mega-mall in New Jersey, which lost some $60 million in 2021, also struggled to meet financial obligations last year.

By Daphne Howland • Feb. 6, 2023

Ugg, Hoka stepped up DTC activity in Q3

Deckers is focused on having 50% of the business be direct to consumer, with the channel seeing an 18.7% increase during the quarter.

By Dani James • Feb. 6, 2023