Bed Bath & Beyond names interim CFO following executive’s death

The retailer announced Chief Accounting Officer Laura Crossen would take over responsibilities in the interim after Gustavo Arnal’s death on Friday.

By Caroline Jansen • Updated Sept. 7, 2022

With volatility and recession talk everywhere, what are retailers’ actual financial risks?

Some players have gotten stronger since the pandemic began. But 2021’s boom times papered over weakness in others.

By Ben Unglesbee • Sept. 6, 2022

Kohl’s gets $2B bid for real estate: Reuters

The retailer has reportedly discussed a leaseback deal with a private equity firm following a breakdown in acquisition talks earlier this year.

By Ben Unglesbee • Sept. 6, 2022

Bed Bath & Beyond’s CFO, Gustavo Arnal, dead at 52

Arnal, who joined the home retailer in 2020, previously held roles at Avon, Walgreens Boots Alliance and Procter & Gamble.

By Caroline Jansen • Sept. 4, 2022

Amazon hits major setback in bid to overturn Staten Island union vote

An official with the National Labor Relations Board recommended the company’s objection to the voting process be rejected and the union certified.

By Ben Unglesbee • Sept. 2, 2022

Lululemon Q2 revenue reaches $1.9B as high-income shoppers continue spending

The athletics apparel brand didn’t rely on markdowns during the quarter and will soon release a membership program, according to CEO Calvin McDonald.

By Dani James • Sept. 2, 2022

Sam’s Club increases membership fee for the first time in almost a decade

Basic membership costs will go from $45 to $50, while the price of a “Plus” membership will rise from $100 to $110.

By Peyton Bigora • Sept. 1, 2022

Bridal a bright spot in Signet’s Q2 as sales, profit decline

The jewelry conglomerate sees more potential in the bridal market as weddings resume, and unlike other retailers maintained its outlook for the year.

By Daphne Howland • Sept. 1, 2022

Sears Holdings $175M settlement with Lampert has court approval

The settlement clears the way for a resolution to the company’s grinding, expensive Chapter 11 case.

By Ben Unglesbee • Sept. 1, 2022

Bed Bath & Beyond to close stores, lay off staff as part of turnaround plan

The retailer also announced it has secured $500 million in new financing and will sell shares to raise additional cash.

By Caroline Jansen • Aug. 31, 2022

Chewy nudges sales up 12.8% and learns a new trick: profitability

Recurring purchases of key essentials have helped the online pet specialist grow revenue while its costs are easing.

By Ben Unglesbee • Aug. 31, 2022

PVH to lay off 10% of its global workforce in coming months amid weak apparel demand

Trish Donnelly, who arrived from Urban Outfitters last year to lead Calvin Klein globally and all the company’s brands in North America, is leaving.

By Daphne Howland • Aug. 31, 2022

Peloton delays filing of 10-K report

Following last week’s news of a $1.2 billion Q4 net loss, the brand needs more time for accounting to file its 10-K.

By Dani James • Aug. 31, 2022

What Walmart and Target’s performance told us about retail for the rest of 2022

Inventory, margins, traffic, pricing, food, gas, costs, holidays: The two giants act as a window into the market that everyone is trying to peer through.

By Ben Unglesbee • Aug. 31, 2022

Best Buy US sales slide 13% as inflation, discounting take toll

The retailer is trying to navigate volatility as strong demand in electronics subsides and other players clear out their excess inventory.

By Ben Unglesbee • Aug. 30, 2022

Burlington falls behind off-price rivals in Q2 as lower-income households feel inflation’s pinch

The retailer's struggle in the period is also a bad sign for apparel sales in general, analysts say.

By Daphne Howland • Aug. 30, 2022

Back-to-school consumers are holding out for discounts

Shoppers have had different priorities this summer and remain focused on saving money as inflation squeezes their budgets.

By Daphne Howland • Aug. 29, 2022

Alex and Ani has $17.5M loan as it seeks growth after bankruptcy

The jewelry retailer known for its charm bracelets filed for Chapter 11 in 2021 after years of fast growth and disruptions both external and internal.

By Ben Unglesbee • Aug. 29, 2022

Is Dillard’s setting the pace for mid-tier department stores?

As rivals struggle to redefine the legacy model, the Southern chain has stuck with its founding family — and retail fundamentals.

By Daphne Howland • Aug. 29, 2022

REI employees vote to unionize at Berkeley store

The location is the second of the outdoor retailer’s to form a union, joining a growing wave in retail. 

By Ben Unglesbee • Aug. 26, 2022

Gap Inc. yanks forecast as Old Navy and Athleta stumble in Q2

The apparel retailer is without a permanent CEO as it scrambles to address merchandising misses amid rising costs and lower consumer spending.

By Daphne Howland • Aug. 26, 2022

Ulta dodges inflation woes as sales grow more than 16%

CEO Dave Kimbell said the retailer has seen no evidence of its shoppers trading down despite higher costs.

By Cara Salpini • Aug. 26, 2022

Victoria’s Secret Q2 sales tumble as shoppers curtail store visits

After a year on its own, the lingerie retailer is regaining market share but may have trouble meeting even lowered estimates for the year.

By Daphne Howland • Aug. 25, 2022

Dollar General adds 436 stores, Dollar Tree cuts prices as discounters vie for shoppers

The sector has an opportunity to win over new customers as inflation squeezes household budgets. 

By Ben Unglesbee • Aug. 25, 2022

Nordstrom beats expectations in Q2 but lowers outlook

The retailer is scrambling to work through inventory at both of its banners, and its higher-income customers may not show up in coming months.

By Daphne Howland • Aug. 24, 2022