Financial News: Page 6
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Nanci Santos via Getty Images
‘Please, no hot sauce’: Shark Tank’s Kevin O’Leary on today’s retail startups
In addition to the category he never wants to see again, O’Leary also highlighted a marketing channel he thinks all brands should be contemplating.
By Cara Salpini • March 27, 2025 -
Courtesy of Levi's
Levi’s CEO: ‘If the wallet’s tighter, then we have to work harder’
Pickier shoppers just means higher execution is needed from the denim brand, Michelle Gass said. But a little help from Beyoncé never hurts.
By Cara Salpini • March 27, 2025 -
Permission granted by Chewy
Chewy subscriptions drive sales, market share gains
The online pet retailer finished its fiscal year with increases in sales, profits, active customers and market share.
By Daphne Howland • March 27, 2025 -
Daphne Howland/Retail Dive
GameStop to close ‘significant number’ of stores, invest in bitcoin
The closures are on top of the company shuttering nearly 600 U.S. locations last year.
By Kaarin Moore • March 27, 2025 -
Kaarin Vembar/Retail Dive
Dollar Tree sells Family Dollar for $1B
A sale to private equity comes 10 years after Dollar Tree acquired its rival for $8.5 billion, a decade when the business has mostly dragged down results.
By Daphne Howland • March 26, 2025 -
Kim Kardashian for Skkn by Kim photographed by Mario Sorrenti
Coty sells stake in Kim Kardashian beauty brand Skkn to Skims
Skims will unite its beauty and lifestyle ventures under one brand in a “pivotal” expansion for the shapewear brand.
By Tatiana Walk-Morris • March 25, 2025 -
BuyBuy Baby to relaunch online in May
The announcement comes nearly two months after Beyond acquired the baby retailer, reuniting it with its former owner Bed Bath & Beyond.
By Caroline Jansen • March 25, 2025 -
Daphne Howland/Retail Dive
Designer Brands to open more DSW stores, refresh rewards program
Over the holiday quarter, sales fell and losses widened, but comps rose for the first time in over two years.
By Tatiana Walk-Morris • March 24, 2025 -
Feng Li via Getty Images
Nike focuses on rightsizing key footwear styles as sales plunge 9%
Some analysts expected the retailer to take more drastic action on its oversold franchises, but CEO Elliott Hill still sees a place for the “beloved silhouettes.”
By Cara Salpini • March 21, 2025 -
Courtesy of Pura Vida
ColumnThe Weekly Closeout: Vera Bradley sells Pura Vida and Edible Brands enters the hemp industry
Vera Bradley will offload the bracelet brand two years after taking full ownership, and the Edible Arrangements company expands its horizons.
By Retail Dive Staff • March 21, 2025 -
Nate Delesline III/Retail Dive
Five Below names chief marketing officer, hints at ‘selective’ price adjustments
Jacob Hawkins is joining the company from Forever 21 as the discount retailer is looking at its core price points.
By Nate Delesline III • March 21, 2025 -
Bevan Goldswain via Getty Images
Resale’s popularity in the US could offer hedge against tariffs
ThredUp’s chief strategy officer says preowned clothing sales are “effectively domesticating the supply chain.”
By Lara Ewen • March 21, 2025 -
Courtesy of Best Buy
What 25 retail leaders are saying about tariffs
From price increase warnings to confidence that vendor relationships will help ride out the storm, here's how the retail C-suite plans to weather tariffs.
By Kaarin Moore • March 19, 2025 -
Stefania M. D'Alessandro via Getty Images
Guess receives offer to go private
The offer came from an affiliate of WHP Global, which last year partnered with the denim brand to buy Rag & Bone.
By Lara Ewen • March 19, 2025 -
Courtesy of Zulily
Beyond sells majority stake in Zulily for $5M
Lyons Trading Company, owner of off-price retailer Proozy, is acquiring the brand. It’s Zulily’s fourth owner in two years.
By Nate Delesline III • March 18, 2025 -
Hudson’s Bay plans to liquidate
With no deal on deck, the iconic Canadian retailer will likely go out of business by June, shuttering all stores and laying off 9,000-plus employees.
By Nate Delesline III • March 17, 2025 -
Courtesy of The Container Store
Retail’s home sector has yet to find steady ground
The category experienced both highs and lows since the pandemic hit. But as sales start to tick up once again, retailers face new challenges.
By Caroline Jansen • March 17, 2025 -
Permission granted by Purple
Purple considers strategic alternatives
Possible outcomes include a sale or merger. “One of the outcomes is we don’t do anything differently,” the company’s CEO said.
By Nate Delesline III • March 17, 2025 -
Courtesy of Solo Brands
Solo Brands warns it could file for bankruptcy
The company issued a going concern statement citing challenges related to liquidity and existing debt.
By Howard Ruben • March 14, 2025 -
Kaarin Vembar/Retail Dive
Ulta lost market share in beauty for the first time last year
As part of a wide-ranging turnaround, the beauty retailer is launching a marketplace, expanding its wellness offering and fixing up stores.
By Cara Salpini • March 14, 2025 -
Courtesy of Hanes Brands
ColumnThe Weekly Closeout: Hanes jumps into athleisure, iRobot has ‘substantial doubts’ about its future
The underwear brand launched Hanes Moves, while the Roomba creator said the company is undergoing a strategic review.
By Retail Dive Staff • March 14, 2025 -
Courtesy of Dollar General
Dollar General trims Popshelf fleet amid store footprint review
The dollar store chain is cutting 20% of the higher-priced format, while only 96 of its namesake stores will get the axe.
By Nate Delesline III • March 13, 2025 -
Courtesy of Fossil Group
Fossil leans on layoffs, more store closures to cut costs
The watch and accessories company is the latest to shore up its wholesale channel and pull back on direct-to-consumer sales.
By Daphne Howland • March 13, 2025 -
Courtesy of Grove Collaborative
Grove Collaborative’s revenue falls more than 17% in Q4
The company is in the midst of a turnaround, which includes a pivot away from wholesale partners and a focus on acquiring third-party brands.
By Nate Delesline III • March 13, 2025 -
Kaarin Vembar/Retail Dive
US immigration policy could hurt off-pricers
Burlington, TJX and Ross stand to benefit from tariffs and consumer angst, but one of their most important customer bases is under extreme pressure.
By Daphne Howland • March 13, 2025
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