After prompt action on inventory, Target is poised for a comeback, analysts say

The mass merchant has spent months grappling with a merchandise glut and supply chain trouble and twice slashed its profit outlook. 

By Daphne Howland • Aug. 2, 2022

As inflation bites, retailers cut guidance

Since June, at least four major retailers have made significant updates to their financial outlooks.

By Retail Dive Staff • Aug. 2, 2022

Amazon leans on non-retail business as e-commerce sales fall for the second straight quarter

Revenue from advertising and fees rose, as inflation pushed up grocery store sales. But net loss reached an “eyewatering” $2 billion.

By Daphne Howland • July 29, 2022

Olympia Sports is shutting down its stores

Owned by private equity firm CriticalPoint Capital, the Maine-based retailer is holding liquidation sales at all locations.

By Cara Salpini • July 29, 2022

Best Buy the latest to warn of sales, profit declines

The retailer enjoyed strong sales during the pandemic, but inflation is squeezing the already falling demand for electronics.

By Daphne Howland • July 28, 2022

Shopify reports $1.2B net loss, lays off 10% of its workforce

The company’s e-commerce gamble “didn’t pay off,” CEO Tobi Lütke said, and it expects operating losses through the rest of the year.

By Dani James • July 27, 2022

Adidas slashes expectations amid slow recovery in Greater China

Sales in the region, once predicted to be flat year over year, are now projected to decline by double digits, leading to cuts across the retailer’s guidance.

By Cara Salpini • July 27, 2022

Adobe: Total online sales during Prime Day near $12B

The week of the event drove “record” online spending of $22.4 billion, according to the research firm.

By Tatiana Walk-Morris • July 27, 2022

Revlon gets court OK on $15.4M bonus plan for 'critical' employees

In bankruptcy, the cosmetics giant is trying to retain staff it says are critical to operations after recent years of stress and turmoil. 

By Ben Unglesbee • July 27, 2022

Walmart warns that profits are tanking as consumers leave clothes on the rack

But inflation is stoking sales in consumables, leading the retail giant to raise its expectations for revenue and comps for the quarter and the year.

By Daphne Howland • July 26, 2022

Hasbro, Mattel make gains in tough Q2

Sales are up at the toy companies, but margins are still getting squeezed by supply chain costs. 

By Ben Unglesbee • July 22, 2022

The Weekly Closeout: Tractor Supply names chief marketer and Mattel partners with SpaceX

Kimberley Gardiner joins the retailer as its former CMO retires. Meanwhile, the toy company signed a multi-year agreement with Elon Musk’s space firm.

By Retail Dive Staff • July 22, 2022

Bed Bath & Beyond downgraded by Moody's amid 'steep decline' in sales

The agency updated the retailer’s coporate rating following the departure of its CEO and chief merchandising officer late last month.

By Caroline Jansen • July 21, 2022

Kohl's outlook turns negative at S&P as it faces tough retail environment

After acquisition talks ended, the retailer is under pressure from shareholders and consumers’ tightening wallets. 

By Ben Unglesbee • July 21, 2022

Bath & Body Works girds for sales, profit decline in 2022

Traffic is falling at the retailer, and lower income consumers are tightening spending as they wrestle with inflation. 

By Ben Unglesbee • July 20, 2022

PVH taps H&M veteran as new supply chain chief

David Savman joins as the owner of the Calvin Klein and Tommy Hilfiger brands tries to build a model closely tying inventory planning to demand. 

By Ben Unglesbee • July 19, 2022

Wayfair is the only top e-commerce retailer to decline in revenue, profits: GlobalData

While the home retailer experienced a boost during the early days of the pandemic, it’s facing falling sales and growing losses as demand wanes.

By Caroline Jansen • July 19, 2022

In the next few months, 60% of small retailers could shutter for good: report

Inflation, rent hikes and lower consumer spending are among the challenges that some indie stores say are making things worse than during the pandemic.

By Daphne Howland • July 19, 2022

Macy’s and Toys R Us ramp up store-in-store partnership

Branded shops are coming to all of the department store retailer’s locations as it tries to capitalize on a growing category. 

By Ben Unglesbee • July 18, 2022

Retail braces for the second half of the year, as cautious shoppers pay more but get less

June’s retail sales reflect a drastic change for consumers, who were supported by the government last year but are now squeezed by inflation.

By Daphne Howland • July 18, 2022

'We have to do something': Can retail close the gap on supply chain emissions?

The industry is woefully behind on scope 3 targets for greenhouse gases. Data poses steep challenges, but experts say retailers still can — and must — do more.

By Ben Unglesbee • July 18, 2022

Amazon is scaling back private label business: WSJ

The company has also considered exiting the business of owning brands, following years of scrutiny into potential conflicts of interest, the Journal reported.

By Ben Unglesbee • July 15, 2022

Inflation reshapes Amazon Prime Day

Shoppers used the two-day sale to stock up on household essentials and take care of some holiday lists, sticking mostly to smaller purchases.

By Daphne Howland • July 14, 2022

Michaels downgraded as costs, consumer shifts add pressure

A little over a year after being taken over by private equity, the retailer is pressed by high supply chain costs and tighter consumer spending.

By Ben Unglesbee • July 14, 2022

Victoria's Secret lays off 5% of corporate workforce, merges namesake and Pink operations

The company is laying off 160 people in order to save $40 million, and has hired the woman who launched Amazon Prime Day as its chief customer officer.

By Daphne Howland • July 13, 2022