Shoe companies pause hiring and investing as they brace for weaker sales

Concerns have shifted from supply chain to inflation and consumer behavior, according to the Footwear Distributors and Retailers of America.

By Ben Unglesbee • July 11, 2022

Walmart lashes back at FTC over money-transfer lawsuit

In a fiery rebuttal to the Federal Trade Commission lawsuit, the nation’s biggest retailer is already doing battle in the court of public opinion.

By Lynne Marek • July 11, 2022

GameStop fires CFO, reportedly plans layoffs

The retailer has cycled through two top executives hired under Chairman Ryan Cohen, and is cutting corporate staff as it bets on the future of gaming.

By Ben Unglesbee • July 8, 2022

Levi's denim remains strong in Q2 as more people wear jeans to work

The brand’s stores outpaced online sales in the period, but its creation of a new chief digital officer role reflects its confidence in e-commerce.

By Daphne Howland • July 8, 2022

Default risk rises amid consumer pullback and tougher funding environment: S&P

Analysts said “inflation, energy security, geopolitical uncertainty, and rapidly tightening financing conditions are increasingly putting pressure on issuers.”

By Ben Unglesbee • July 7, 2022

Authentic Brands Group settles lawsuit with Bolt

With the settlement, the brand licensing company has acquired a stake in the online checkout startup.

By Caitlin Mullen • July 6, 2022

Amazon dangles free Grubhub membership ahead of Prime Day

The e-commerce giant has inked a deal with the struggling food delivery service that includes an opportunity to take a minority stake.

By Daphne Howland • July 6, 2022

Rite Aid tries to ease debt load and boost profits

The drugstore retailer bought back some of its bonds early in a distressed exchange and plans to close 145 stores as it tries to control costs.

By Ben Unglesbee • July 6, 2022

Patrik Frisk was tasked with turning around Under Armour. He lasted 2 years.

As CEO, some analysts say he didn't drive enough growth for founder Kevin Plank. So, what is the company looking for next?

By Cara Salpini • July 6, 2022

Kohl's turns its attention to its real estate assets

The company once rejected the idea of selling and then leasing back its stores, but with takeover talks over, the retailer seems to be changing its mind.

By Daphne Howland • July 5, 2022

Pursuing global expansion, Lululemon enters Spain

The company plans to quadruple international revenues by 2026. As it pursues growth in Europe, an entry into Italy is also in its sights.

By Cara Salpini • July 5, 2022

The Weekly Closeout: Bed Bath & Beyond continues executive shakeup and Gucci launches a pet collection

The home retailer appointed a new chief accounting officer and head of treasury. Meanwhile, the luxury brand seeks to bring individuality to pets.

By Retail Dive Staff • July 1, 2022

Enjoy Technology says it has a prospective buyer that would keep it alive

Asurion, which insures and repairs consumer electronics, has emerged as lender, prospective buyer and future operator of the bankrupt Enjoy. 

By Ben Unglesbee • July 1, 2022

Kohl's slams the door on takeover after Franchise Group lowers bid

The Vitamin Shoppe owner less than a month ago offered $60 per share, but cut that to $53 after the Fed hiked interest rates, the department store said.

By Daphne Howland • July 1, 2022

Enjoy Technology files for bankruptcy with plans to sell itself

Centered around mobile stores that bring retail service inside homes, the company has been burning cash and suffering supply shortages. 

By Ben Unglesbee • June 30, 2022

The Backroom: Enjoy Technology set out to disrupt retail. But it got disrupted instead.

Led by former J.C. Penney CEO Ron Johnson, the now-bankrupt “commerce-at-home” company has suffered from constrained supply and high costs.

By Retail Dive Staff • June 30, 2022

Bed Bath & Beyond CEO out as sales fall 25% in Q1

Mark Tritton, who took the helm in late 2019 after helping execute a turnaround at Target, is replaced by independent board member Sue Gove in the interim.

By Caroline Jansen • June 29, 2022

Enjoy Technology to 'pause' on selling Apple products

The cash-strained company said it is halting its “commerce-at-home” services for the tech maker to focus on business priorities. 

By Ben Unglesbee • June 29, 2022

StockX lays off 8% of its workforce

The embattled sneaker resale marketplace said that it’s had to adapt quickly as global economic challenges reshape consumer behavior.

By Daphne Howland • June 29, 2022

FTC sues Walmart on claims it failed to protect money transfer customers from fraudsters

The agency alleged that the retail giant has inadequate training and anti-fraud practices in place. The company said the lawsuit is baseless.

By Ben Unglesbee • June 29, 2022

Nike's Q4 sales fall slightly after 20% decline in China

The athletics giant is launching commerce and activity apps specific to the region in the next six months to better connect with shoppers.

By Cara Salpini • June 28, 2022

Walgreens calls off Boots sale despite 'significant interest'

Macroeconomic instability caused a sudden shift in financing availability, plus the retailer said its U.K. business is doing better now.

By Daphne Howland • June 28, 2022

Dollar Tree's C-suite just went through a huge shakeout

Gone or nearly gone are the discounter’s chief operating, financial, information, strategy and legal officers following an activist revolt.

By Ben Unglesbee • June 28, 2022

Foot Locker divests its team sales business

The sale comes as the retailer has nearly finished merging its Eastbay and Champs Sports brands into a single unit focused on young athletes. 

By Ben Unglesbee • June 27, 2022

Inventory in 2022: Normal is still nowhere in sight

With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.

By Ben Unglesbee • June 27, 2022