Il Makiage, SpoiledChild owner files IPO

Oddity said it plans to launch brands on a regular cadence and revealed in a filing that it has generated a net income since at least 2020.

By Dani James • June 26, 2023

Chico’s announces $100M stock repurchase program

The women’s fashion apparel retailer reported a small slide in its Q1 net sales, which fell to $534.7 million.

By Nate Delesline III • June 26, 2023

Changes to student loan policies set to hit retail around the holidays

Apparel retailers have the most to lose from the end of the pandemic-era payment pause, especially if the Supreme Court strikes down debt forgiveness.

By Daphne Howland • June 26, 2023

The Weekly Closeout: Walmart+ launches summer sale, Hasbro brings back Furby

The mass merchant joins other retailers announcing deal events around Prime Day, while the ’90s-era toy makes its return for its 25th anniversary.

By Retail Dive Staff • June 23, 2023

Leap raises $15M in fresh capital

The company, which helps DTC brands enter brick and mortar, will use the funds to enhance platform capabilities and accelerate its path to profitability.

By Howard Ruben • June 23, 2023

Regional off-price retailer Forman Mills lays off nearly 300, closes stores as it mulls bankruptcy

The 38-year-old company said it is working to sell itself and may have to file for Chapter 11 protection if it can't find a buyer.

By Daphne Howland • June 22, 2023

Overstock wins Bed Bath & Beyond IP at auction with $21.5M bid

The bid gives Overstock ownership of Bed Bath & Beyond’s internet properties, social media, mobile platforms, business data, publicity rights and trademarks.

By Nate Delesline III • June 22, 2023

Five Below poaches McDonald’s alum for CFO

The extreme-budget retailer is reshuffling its C-suite, with Ken Bull’s promotion to COO and Kristy Chipman’s appointment to CFO.

By Elizabeth Flood • June 20, 2023

The Weekly Closeout: Puma’s CEO overhauls marketing, Fanatics acquires Fexpro

The athletics retailer underwent a reorg in its marketing division, while Fanatics bought the Latin America-based sports wholesaler. 

By Retail Dive Staff • June 16, 2023

Lalo raises $10.1M in Series A

The baby and toddler brand plans to expand its footprint during the coming year both domestically and globally. 

By Dani James • June 15, 2023

Gorgie raises $6.5M in pre-seed funding

The functional beverage brand, created by Lively founder Michelle Cordeiro Grant, turned to individual investors for the funds instead of established firms.

By Dani James • June 14, 2023

Activewear brand Ten Thousand raises $21.5M

The DTC men’s brand also announced it formed a three-year partnership with Life Time Athletic Country Clubs.

By Howard Ruben • June 14, 2023

Overstock bids $21.5M for Bed Bath & Beyond’s intellectual property

Competing bids for Bed Bath & Beyond, which is liquidating in Chapter 11, are due Friday.

By Nate Delesline III • June 13, 2023

Adobe: Online prices fell 2.3% in May, the biggest drop since the pandemic began

Overall inflation has slowed in recent months and grocery price hikes are easing, the research firm found.

By Tatiana Walk-Morris • June 13, 2023

Westfield is handing over the keys to San Francisco Centre mall

Following Nordstrom’s plan to exit, and as part of its own plans to reduce its U.S. holdings, Westfield will transfer the property to its lender.

By Daphne Howland • June 13, 2023

New York City’s retail employment continues to lag

Even hard-hit restaurants have bounced back faster, with areas dependent on tourists and office workers in the worst shape, according to a new report.

By Daphne Howland • June 12, 2023

Ollie’s raises outlook, plans to open 45 new stores in 2023

The closeout-oriented retailer said it may expand its mix of directly sourced merchandise as its store footprint grows. 

By Nate Delesline III • June 12, 2023

Derek Jeter invests in Meati Foods

The Baseball Hall of Famer will also serve as an adviser to the mycelium meat alternative maker, which is working to expand its products to stores nationwide.

By Megan Poinski • June 12, 2023

A look at DTC acquisitions in 2023 so far

Despite overall M&A activity declining, DTC brands including Richer Poorer, Great Jones and Scotch & Soda have found buyers this year.

By Dani James • June 12, 2023

Nike will return to DSW stores, website this fall

The news comes just a week after Macy’s CEO Jeff Gennette announced the athletics brand would return to key locations in October.

By Cara Salpini • June 9, 2023

DTC candle brand Otherland acquired by Curio

The luxury candle company joins Curio Brands' portfolio, which includes fragrance lines Capri Blue and Thymes.

By Dani James • June 9, 2023

The Weekly Closeout: Yeezy sells despite controversy, Tamagotchi makes a comeback

All 12 styles Adidas released sold out, Wedbush said. Meanwhile, the ’90s-era toy has a new metaverse play and a tie-up with TikTok star Charli D’Amelio.

By Retail Dive Staff • June 9, 2023

Rent the Runway touts subscriber growth but faces challenges

Leaders pointed to 7.6% active subscriber growth in a Q1 earnings call, but cautioned a slowdown next quarter.

By Laurel Deppen • June 9, 2023

Macy’s remains committed to tech investments after sluggish quarter

The company plans to invest up to $3 billion over the next three years, with a focus on digital projects.

By Lindsey Wilkinson • June 9, 2023

J. Jill refinances long-term debt, plans new POS

After warning of potential bankruptcy in 2020, the retailer is now focused on investments to enhance its omnichannel capabilities.

By Nate Delesline III • June 8, 2023