Target's profit 'collapsed' in Q1 as retail smashes into fuel costs

The retailer faced hundreds of millions of dollars in unexpected freight costs. But the company is being selective in when to hike prices.

By Ben Unglesbee • May 18, 2022

Walmart's profits take a hit as fuel spikes and consumers react to inflation

As costs continue rising, the retailer is being strategic about pricing — raising and rolling back as it seeks market share and profit. 

By Ben Unglesbee • May 17, 2022

Warby Parker lost $15M in sales as a result of pandemic disruptions in Q1

Despite the lost sales, the eyewear brand grew revenue by 10.3% year over year and 18% from 2019. But profitability continues to weigh on the company.

By Caroline Jansen • May 16, 2022

GameStop poaches former Belk CEO as its new COO

Nir Patel is the retailer's second operations chief in a little over a year. 

By Ben Unglesbee • May 16, 2022

When activists come for retailers: 7 recent shareholder spats

Hedge funds have been pressing for everything from new leadership to company spinoffs at some mainstay industry players.

By Ben Unglesbee • May 16, 2022

The Weekly Closeout: Eddie Bauer CEO exits and Target workers move to unionize

Damien Huang had only been CEO for about a year, while Target's Christiansburg, Virginia, employees seek higher wages.

By Retail Dive Staff • May 13, 2022

Inflation finally slowed online in April but remained 'punishingly high' overall

Consumer demand remains relatively high, but there are signs it might wane if inflation keeps up. Meanwhile, buying habits are shifting.

By Ben Unglesbee • May 13, 2022

Dillard's strong apparel sales stoke Q1 revenue and margins

The regional department store tends to outpace most players, but may not be able to escape the pressures coming in the second half of the year.

By Daphne Howland • May 13, 2022

Instacart files confidentially for IPO

The announcement is a long-awaited step for the San Francisco-based company, which did not disclose further details on its potential offering. 

By Catherine Douglas Moran , Jeff Wells • May 13, 2022

Dollar Tree taps former Dollar General execs for help with supply chain, merchandising

The hires are the latest with experience at the dollar store's rival to join, along with new executive chair Richard Dreiling.  

By Ben Unglesbee • May 12, 2022

Retail tech funding drops 11%: report

Store management tech was the only sector to see an increase in funding in Q1, according to a CB Insights report.

By Tatiana Walk-Morris • May 12, 2022

Allbirds' first wholesale deals are with Zalando and Public Lands

The company's own physical footprint is also performing well, with U.S. stores growing "well in excess of 150%" in the first quarter.

By Cara Salpini • May 11, 2022

Kohl's board survives activist challenge

Shareholders' rejection of a further board shakeup signals confidence in CEO Michelle Gass, but doesn't necessarily rule out a sale.

By Daphne Howland • May 11, 2022

Shoes.com website trades hands again, this time to DSW owner

The domain has been bought and sold by industry players the past two decades, with Walmart and a private equity firm among its most recent owners.

By Ben Unglesbee • May 10, 2022

Simon Property Group 'focused internally' as short-term leases rise

CEO David Simon told analysts to ignore acquisition rumors, presumably regarding reports the REIT has bid on Kohl's, and said shorter agreements are part of a strategy.

By Daphne Howland • May 10, 2022

Party City misses estimates, sees more helium pain ahead

Sales and profits suffered as consumers reacted to omicron, inflation, war and the end of government stimulus measures.

By Ben Unglesbee • May 9, 2022

Under Armour expects protracted supply chain challenges to temper sales

The sportswear brand has been strategically canceling orders as COVID-19 disrupts China and delays and capacity shortfalls persist. 

By Ben Unglesbee • May 6, 2022

Adidas aims to fill the Nike gap at Foot Locker with expanded partnership

The new deal makes Foot Locker the "lead partner" for Adidas' basketball offerings and is expected to generate $2 billion in sales by 2025.

By Cara Salpini • May 6, 2022

Wayfair's net loss nears $320M as CFO prepares to exit

Michael Fleisher held the chief finance spot for eight years and will be succeeded by Kate Gulliver, who is the retailer's chief people officer.

By Caroline Jansen • May 5, 2022

Walgreens fills out executive team for retail

The company named a new chief marketing officer, chief merchant and chief product officer, all of whom will report to Chief Customer Officer Tracey Brown. 

By Ben Unglesbee • May 5, 2022

American Dream lost $60M last year

On top of the pandemic's challenges, the sprawling, experience-rich, debt-ridden mall has been beset by several delays and mishaps.

By Daphne Howland • May 4, 2022

Office Depot owner close to decision on sale of retail business as revenue falls

Sycamore Partners and an unnamed suitor have offered to buy the retailer as consumer-facing office supplies specialists wrestle with declining demand.

By Ben Unglesbee • May 4, 2022

A third of small retailers can't pay rent as financial struggles spike again

Businesses surveyed by Alignable cited inflation pressures and supply chain disruption as pandemic-era challenges grind on.

By Ben Unglesbee • May 3, 2022

Hudson's Bay appoints CFO

Nadira Singh is taking the role at the HBC-owned brick-and-mortar company, recently separated from the department store's e-commerce operations.

By Tatiana Walk-Morris • May 3, 2022

Madison Reed raises $33M to expand store footprint

The company plans to have 80 Hair Color Bar locations opened by the end of the year as it moves into new geographical markets.

By Dani James • May 2, 2022