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

‘The music has stopped’: A look at venture capital in retail

VC funding in retail declined in 2022, and a slew of layoffs in 2023 paints a bleak picture. But it could just signal a return to normal.

By Dani James • Feb. 6, 2023

M&A, IPO activity fell throughout 2022

Online retail saw a 32% year-over-year decline in the number of deals in 2022, according to a report from Hampleton Partners.

By Dani James • Feb. 3, 2023

Amazon plans further improvements to Prime membership as Q4 sales slip

As the e-commerce giant focuses on further tightening its operations, it will continue to add to the many perks members enjoy, executives said.

By Daphne Howland • Feb. 3, 2023

The Weekly Closeout: Dollar General reaches store milestone and REI lays off staff

The discount chain opened its 19,000th store in Missouri this week while the outdoor retailer is cutting 8% of its headquarters workforce.

By Retail Dive Staff • Feb. 3, 2023

Ariana Grande to buy her beauty brand’s assets from Forma Brands for $15M

The singer’s brand, R.e.m. Beauty, entered into a licensing agreement with the company in December 2020.

By Dani James • Feb. 2, 2023

Peloton touts ‘best quarterly performance’ in a year

However, revenue was still down 30% year over year and net loss exceeded $300 million.

By Dani James • Feb. 1, 2023

Purple projects net loss up to $97.5M for 2022

CEO Rob DeMartini said that inflationary pressure on consumer spending and increased promotional activity have impacted profitability. 

By Dani James • Jan. 31, 2023

Amass Brands acquires operating assets of wine company Winc

The spirits conglomerate is taking on several brands from Winc’s portfolio, which filed for bankruptcy in December due in part to declining DTC sales. 

By Dani James • Jan. 27, 2023

Newell Brands to lay off 13% of office staff

The cuts will be done by the end of 2023 and are part of a broader restructuring plan aimed at saving up to $250 million a year.

By Xanayra Marin-Lopez • Jan. 27, 2023

As it inches toward bankruptcy, Bed Bath & Beyond defaults on loan

The distressed home goods retailer said it doesn’t have enough cash to pay down its debts.

By Caroline Jansen • Jan. 27, 2023

The Weekly Closeout: Foot Locker faces privacy suit and Levi’s misquotes Mark Twain

A lawsuit alleges the athletics retailer violated California’s privacy act. Meanwhile, Levi’s CEO Chip Bergh cited the author on why skinny jeans are not dead.

By Retail Dive Staff • Jan. 27, 2023

Hasbro slashes global workforce amid challenging consumer environment

The move is part of a reorganization that includes the COO’s departure and a shift away from consumer products.

By Daphne Howland • Jan. 27, 2023

Foot Locker to cut corporate roles, wind down Sidestep banner

New CEO Mary Dillon is rapidly making changes to a business that analysts said "clearly needed a shake-up.”

By Cara Salpini • Jan. 27, 2023

Levi’s CEO: ‘The skinny jean is not going anywhere’

Baggy styles are on-trend and selling, but the closet staple is hanging around. Meanwhile, the company sees inventory returning to normal by mid-year.

By Daphne Howland • Jan. 26, 2023

The Backroom: What’s going on with DTC this year?

The team introduces new co-host Dani James and talks about changes in the direct-to-consumer space and the ongoing importance of brick and mortar.

By Retail Dive Staff • Jan. 26, 2023

E-retailers Saks, Saks Off 5th, The Bay resort to layoffs amid turmoil in tech

In 2021, HBC split the online and brick-and-mortar operations of its companies to gain financial and talent advantages. Now, all three spinoffs are cutting jobs.

By Daphne Howland • Jan. 25, 2023

Walmart to raise hourly wages

The company says the change will bring average hourly pay to $17.50 for about 340,000 workers.

By Nate Delesline III • Jan. 25, 2023

Former Kind execs launch incubation and investment firm Camino Partners

The entity represents a new name and mission for Daniel Lubetzky’s Equilibra Partners Management, with a goal of helping startups on their journey.

By Megan Poinski • Jan. 25, 2023

Serta Simmons files for Chapter 11

The company, whose holdings include DTC brand Tuft & Needle, is also suing to uphold the terms of a 2020 loan that it calls “critical.”

By Daphne Howland • Jan. 24, 2023

Purple rejects takeover bid

Coliseum Capital Management sent the brand an unsolicited proposal in September to acquire its remaining common stock for $4.35 a share.

By Caroline Jansen • Jan. 24, 2023

Prestige brand Makeup by Mario raises $40M

Founded by celebrity makeup artist Mario Dedivanovic, the brand joins a list of companies that have snagged funding amid a downturn in VC-backed capital.

By Dani James • Jan. 24, 2023

Thirteen Lune raises $8M in seed round

The company said that the investment puts it on track to reach profitability this year.

By Tatiana Walk-Morris • Jan. 23, 2023