Financial News: Page 5


  • A delivery van, door open, parked on a city street.
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    Daphne Howland/Retail Dive
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    Amazon’s faster delivery, lower prices drive holiday sales boom

    As stores offer empty shelves and locked-up merchandise, the e-commerce giant makes itself convenient to budget-minded shoppers.

    By Feb. 7, 2025
  • Cars are parked in front of a store with "Mattress Firm" in red capital letters, against a bright blue sky.
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    Daphne Howland/Retail Dive
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    Tempur Sealy closes $5B Mattress Firm takeover, plans rebrand to Somnigroup

    A federal court in January denied antitrust regulators’ latest move against the deal, which creates a conglomerate of three decentralized business units and the largest bedding company in the world.

    By Feb. 6, 2025
  • Under Armour e-commerce sales fall 20% as it pulls back on promotions

    Still, overall revenue came in better than expected and CEO Kevin Plank said the brand has more wholesale partnerships in the works.

    By Feb. 6, 2025
  • Person in athletic gray shorts and tights holds a dumbell weight while looking at TV
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    Courtesy of Peloton
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    Peloton sales fall 9% in Q2 as memberships slide

    With a new CEO, the fitness brand is focused on expanding its core audience and distribution network.

    By Feb. 6, 2025
  • Richard Galanti headshot
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    Courtesy of Costco
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    Costco’s ‘voice’: The long goodbye

    Richard Galanti retired from the warehouse club on Jan. 30, after pivoting to an advisory role following his departure from the CFO seat he held for roughly four decades.

    By Maura Webber Sadovi • Feb. 6, 2025
  • Estée Lauder warns of up to 7,000 job cuts globally

    The layoffs, which represent up to 11% of its global workforce, arrive alongside a restructuring plan that extends into the C-suite.

    By Nate Delesline III • Feb. 4, 2025
  • Symbolic of Sino-American relations, the flag of the United States of America and the flag of the Republic of China fly together on flag poles next to each other on a sunny, windy day.
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    Stock via Getty Images
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    China responds to Trump with added tariffs on certain products

    The duties are set to take effect Feb. 10 and come just a day after last-minute deals with Mexico and Canada delayed tariffs in those countries.

    By Max Garland • Feb. 4, 2025
  • A Walgreens drugstore with green awnings.
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    Daphne Howland/Retail Dive
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    Walgreens suspends dividend in latest cost-cutting measure

    The decision aims to boost cash flow and reduce debt as it faces an opioid lawsuit from the Department of Justice.

    By Nate Delesline III • Jan. 31, 2025
  • A diverse group of people hanging out on a city rooftop.
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    Courtesy of Ugg
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    Deckers to phase out Koolaburra

    The move comes as higher-priced Ugg gains strength, notching $2.2 billion in net sales in the last fiscal year and $1.2 billion in this year’s Q3 alone.

    By Jan. 31, 2025
  • A UPS driver makes a delivery on June 30, 2023 in Miami, Florida.
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    Joe Raedle via Getty Images
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    UPS to cut Amazon volume by more than 50%

    The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.

    By Max Garland • Jan. 31, 2025
  • Beyoncé appears in a Levi's campaign
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    Courtesy of Levi's
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    Levi’s braces for effects of economic uncertainty on consumers

    The denim brand shrugged off tariffs thanks to its diverse sourcing, but warned its outlook could sour if inflation and other pressures worsen.

    By Jan. 30, 2025
  • A Walmart Canada storefront
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    Permission granted by Walmart Canada
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    Walmart Canada to invest $4.5B in stores, supply chain over the next 5 years

    As part of the initiative, the retailer plans to open a distribution center in the spring and five supercenters by 2027.

    By Nate Delesline III • Jan. 30, 2025
  • People walk in front of a Vans storefront.
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    The image by ajay_suresh is licensed under CC BY 2.0
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    VF returns to growth after 2 years of declines

    The Vans owner attributed the better-than-expected Q3 revenue to stronger DTC sales and “outsized wholesale performance.”

    By Laurel Deppen • Jan. 30, 2025
  • Exterior shot of The Container Store.
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    Courtesy of The Container Store
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    The Container Store exits bankruptcy

    The retailer used Chapter 11 to shed nearly $88 million in debt and will go forward as a privately held company owned by its lenders.

    By Nate Delesline III • Jan. 29, 2025
  • A person with long brown hair, white shirt and camel-colored jacket.
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    Courtesy of Canada Goose
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    Canada Goose taps former Stella McCartney chief merchant to lead global merchandising

    Judit Bankus, who spent eight years at Burberry and helped found the Karl Lagerfeld brand, will work closely with Creative Director Haider Ackermann.

    By Jan. 28, 2025
  • An Amazon worker places a delivery on a residential porch
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    Permission granted by Amazon
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    What holiday sales mean for 2025

    Uncertainties persist, but five years after the pandemic lockdown, this year may at last mark a return to normal.

    By Jan. 27, 2025
  • On the brown tile floor of an indoor soccer pitch, a white scuffed up gear bag with the word PUMA sits behind a pair of blue and white soccer cleats. One cleat leans against a soccer ball.
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    Courtesy of Puma
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    Column

    The Weekly Closeout: Puma eyes ‘efficiency program,’ Adidas could cut jobs

    Puma wants to improve operations and cut costs in the name of profitability, while Adidas said its operating model is too complex.

    By Retail Dive Staff • Jan. 24, 2025
  • Grocery products.
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    Courtesy of Walmart
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    Private label sales hit record in 2024

    Store brand sales increased nearly 4% to $271 billion, according to a new report from the Private Label Manufacturers Association.

    By Catherine Douglas Moran • Jan. 23, 2025
  • The storefront of Books Inc. in Alameda, California.
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    Permission granted by Books Inc.
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    Books Inc. files for Chapter 11

    The California-based retailer said the pandemic kicked off years of falling revenue and rising costs. It will close at least one store but stay in business.

    By Nate Delesline III • Jan. 23, 2025
  • A view of a Vince store from outside. The sign is visible as well as three mannequins through the window.
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Vince Holding Corp. sells majority stake to P180, former CEO returns

    Brendan Hoffman, formerly of Wolverine World Wide, is returning to the top spot at Vince after holding the role from 2015 to 2020.

    By Laurel Deppen • Jan. 23, 2025
  • President Donald Trump addresses the press at the White House on Jan. 21, 2025.
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    Andrew Harnik via Getty Images
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    Trump eyes 10% China tariff hike by Feb. 1

    The president floated a similar timeline for 25% tariffs on Canada and Mexico.

    By Philip Neuffer • Jan. 23, 2025
  • A Walmart employee packs products into a vehicle.
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    Courtesy of Walmart
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    Walmart invests in automation as it sells robotics arm

    The retail giant will fund the buildout of more than 400 accelerated pickup and delivery centers as part of its agreement with Symbotic.

    By Philip Neuffer • Jan. 22, 2025
  • A large, lit-up sportswear store at night.
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    Courtesy of Adidas
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    Adidas sales surge 24% in preliminary Q4 results

    For the full year, revenue was also up double-digits, though CEO Bjørn Gulden said the brand is “not yet where we want to be long term.”

    By Updated March 6, 2025
  • Dieux Deliverance
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    Permission granted by Dieux
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    9 brands to watch in 2025

    From skin care companies like Prequel and Dieux to footwear brand Kizik, these retailers are separating themselves from the rest.

    By Updated Jan. 21, 2025
  • Two employees sitting down and talking next to a green plant.
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    shutterstock.com/fizkes

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    Sponsored by Checkr

    Retail hiring redefined: Strategic insights from HR leaders

    What’s top of mind for HR leaders as they drive retail’s evolution in 2025? Explore key insights.

    Jan. 21, 2025