Financial News: Page 51
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Adidas projects first annual loss in 3 decades as it shakes up management team
The impact of its terminated Yeezy partnership is biting into profitability and revenue.
By Nate Delesline III • March 8, 2023 -
Retrieved from Sundry on January 25, 2022
Digital Brands Group takes steps to go private
The company recently closed its acquisition of Sundry and has started the due diligence process with a private equity firm that approached it.
By Dani James • March 8, 2023 -
Stitch Fix CFO to exit as declines persist
Dan Jedda, who came from Amazon about two years ago, in May will become chief financial officer at Roku, as the box e-retailer continues its CEO search.
By Daphne Howland • March 8, 2023 -
ThredUp, chasing profitability, tests consignment fees
The resale site reports softer sales in a promotional apparel environment but expects to break even later this year.
By Daphne Howland • March 7, 2023 -
J.C. Penney hasn’t had to release its finances since 2020. Here’s how the retailer is doing.
The department store insists it’s on a “strong financial footing,” but filings show ongoing volatility under its post-bankruptcy ownership.
By Daphne Howland • March 6, 2023 -
Blue Apron has a plan to avoid NYSE delisting
The company has until June 21, 2024, to address its global market capitalization listing standard deficiency and until June 21, 2023, to fix its share price listing standard deficiency.
By Catherine Douglas Moran • March 6, 2023 -
11 digitally native retailers at risk of bankruptcy
These companies were meant to be disruptors to the industry. But as macroeconomic pressures intensify and capital gets harder to find, they may be put to their biggest test.
By Caroline Jansen • March 6, 2023 -
Victoria’s Secret will reboot its fashion show this year as turnaround gains traction
The once infamous event was canceled four years ago amid rising criticism of its messaging and the dawn of #MeToo.
By Daphne Howland • March 3, 2023 -
In push for growth, Nordstrom bets on Rack, exits Canada
Amid Q4 declines, the department store is prioritizing its off-price business, rapidly expanding its footprint and improving its assortment.
By Daphne Howland • March 3, 2023 -
Touting off-mall success, Macy’s mulls acceleration of small-store strategy
CEO Jeff Gennette also said the retailer has closed its most unprofitable mall stores and that 99% of its mall base is now profitable.
By Daphne Howland • March 2, 2023 -
Best Buy to close as many as 30 stores this year
The electronics retailer is also remodeling stores to its experiential format and opening 10 outlets.
By Nate Delesline III • March 2, 2023 -
Qurate Retail Group brings on Everlane vet as CFO
Bill Wafford, who also served as chief financial officer at J.C. Penney and The Vitamin Shoppe, is joining the company in the midst of its turnaround plan.
By Tatiana Walk-Morris • March 2, 2023 -
Kohl’s mulls pricing changes in turnaround reboot
Under a new CEO, the struggling department store also aims to expand e-commerce, modernize stores and right-size inventory while cutting costs.
By Daphne Howland • March 1, 2023 -
Lowe’s warns comps could fall up to 2% in 2023 as demand softens
The home improvement retailer is more vulnerable to pullbacks in consumer spending because of its position among DIY customers.
By Caroline Jansen • March 1, 2023 -
Olaplex calls 2023 ‘a reset year’ as it braces for 41% sales hit in Q1
The DTC company, which is facing a lawsuit that alleges problems with its products, expects net sales to fall 15% for the year.
By Tatiana Walk-Morris • March 1, 2023 -
Target profits continue to slide as discretionary purchases slow
The retailer said consumer spending on essentials, like food, helped offset inflation-driven sales slides in discretionary buys.
By Nate Delesline III • Feb. 28, 2023 -
Warby Parker narrows Q4 net loss amid economic uncertainty
The DTC eyewear brand saw revenue increase 10.2% year over year, and it plans to grow its physical footprint with 40 new stores in 2023.
By Dani James • Feb. 28, 2023 -
Amazon expanding same-day delivery service
The retailer plans to respond to customer demand for fast delivery by growing its fulfillment center footprint, but that could mean added fees.
By Nate Delesline III • Feb. 27, 2023 -
Tracker
The running list of major retail bankruptcies
In the first six months of the year, Forever 21, Rite Aid, At Home, Joann and Hudson’s Bay all took restructuring actions.
By Retail Dive Staff • Updated June 27, 2025 -
Column
The Weekly Closeout: REI rolls out new product standards and Skechers teams with Diane von Furstenberg
The outdoor retailer is asking brand partners to set emissions reduction targets. Meanwhile, the shoe brand’s latest collaboration features “Endless Kisses.”
By Retail Dive Staff • Feb. 24, 2023 -
Wayfair’s net loss tops $1.3B in 2022
The online home goods retailer saw its customer base contract even further despite increased advertising spend during the period.
By Caroline Jansen • Feb. 23, 2023 -
Bath & Body Works chases sales and profits by slashing costs, leaving the mall
Under a new CEO and amid a tussle with an activist investor, the retailer has hired outside advisers to find ways to expand margins and boost earnings.
By Daphne Howland • Feb. 23, 2023 -
Brooks Running records 16% DTC sales growth in 2022
Global revenue increased 6% as the brand expanded its e-commerce presence.
By Tatiana Walk-Morris • Feb. 23, 2023 -
S&P, Moody’s downgrade Adidas following low guidance
The apparel retailer will need to improve operational and financial challenges to avoid another downgrade, analysts say.
By Nate Delesline III • Feb. 22, 2023 -
Dick’s to buy Moosejaw from Walmart
The sporting goods company is acquiring the outdoor e-retailer for an undisclosed amount and will run it under its Public Lands division.
By Daphne Howland • Feb. 22, 2023