Financial News: Page


  • Front entrance of Ulta store with white and orange colored displays
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    Permission granted by Ulta
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    Ulta tops $10B in revenue as beauty stays resilient

    The retailer saw double-digit growth across all major categories, with new brands and product innovation helping to increase sales in the fourth quarter.

    By March 10, 2023
  • Mannequins in orange and white stand in a store window to left of a black-trimmed doorway of an Athleta store, others in black and white are on the right.
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    Daphne Howland/Retail Dive
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    More shakeup at Gap Inc. as sales fall, losses mount

    The apparel retailer said it’s close to naming a new CEO, but announced the exit of a few executives, including Athleta chief Mary Beth Laughton.

    By March 10, 2023
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
  • A close up of Geoffrey the Giraffe sitting on a bench inside the Toys R Us section of Macy's at Herald Square.
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    Kaarin Vembar/Retail Dive
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    Ares Management invests $375M in Toys R Us parent company

    The transaction values WHP Global at $1.6 billion and will fund the company’s next wave of brand acquisitions. 

    By Tatiana Walk-Morris • March 9, 2023
  • Table with brightly colored jars, hands holding chopsticks and bowls of food
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    Courtesy of Fly By Jing
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    Fly By Jing raises $12M

    The Chinese food brand — which launched in 2018 — also appointed its first chief financial, operations and commercial officers.

    By March 9, 2023
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    Courtesy of Stitch Fix
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    Stitch Fix walks back key initiatives in quest for recovery

    Changes meant to appeal to new customers and boost sales have backfired, founder and interim CEO Katrina Lake said this week.

    By March 9, 2023
  • Adidas store in Shanghai
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    Courtesy of Adidas
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    Adidas projects first annual loss in 3 decades as it shakes up management team

    The impact of its terminated Yeezy partnership is biting into profitability and revenue.

    By Nate Delesline III • March 8, 2023
  • Sundry
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    Retrieved from Sundry on January 25, 2022
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    Digital Brands Group takes steps to go private

    The company recently closed its acquisition of Sundry and has started the due diligence process with a private equity firm that approached it. 

    By March 8, 2023
  • A cardboard box with a round light-blue logo and the words "Stitch Fix" leans against a bright yellow door.
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    Courtesy of Stitch Fix
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    Stitch Fix CFO to exit as declines persist

    Dan Jedda, who came from Amazon about two years ago, in May will become chief financial officer at Roku, as the box e-retailer continues its CEO search.

    By March 8, 2023
  • ThredUp clean out envelope and box.
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    Courtesy of ThredUp
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    ThredUp, chasing profitability, tests consignment fees

    The resale site reports softer sales in a promotional apparel environment but expects to break even later this year.

    By March 7, 2023
  • With puffy clouds in a blue sky, bushes surround a store with the name "JC Penney" in white letters. The store entrance is a brick arch.
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    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
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    J.C. Penney hasn’t had to release its finances since 2020. Here’s how the retailer is doing.

    The department store insists it’s on a “strong financial footing,” but filings show ongoing volatility under its post-bankruptcy ownership.

    By March 6, 2023
  • A Blue Apron box on a kitchen counter.
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    Scott Eisen via Getty Images
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    Blue Apron has a plan to avoid NYSE delisting

    The company has until June 21, 2024, to address its global market capitalization listing standard deficiency and until June 21, 2023, to fix its share price listing standard deficiency.

    By Catherine Douglas Moran • March 6, 2023
  • Exterior of Wayfair's headquarters in Boston
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    Caroline Jansen/Retail Dive
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    11 digitally native retailers at risk of bankruptcy

    These companies were meant to be disruptors to the industry. But as macroeconomic pressures intensify and capital gets harder to find, they may be put to their biggest test.

    By March 6, 2023
  • Picture of Victoria's Secret store sign
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    Daphne Howland/Retail Dive
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    Victoria’s Secret will reboot its fashion show this year as turnaround gains traction

    The once infamous event was canceled four years ago amid rising criticism of its messaging and the dawn of #MeToo.

    By March 3, 2023
  • A city street, with a modern, light-gray department store featured on the right.
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    Courtesy of Nordstrom
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    In push for growth, Nordstrom bets on Rack, exits Canada

    Amid Q4 declines, the department store is prioritizing its off-price business, rapidly expanding its footprint and improving its assortment.

    By March 3, 2023
  • A closeup of a Macy's sign with a signature red star sits atop a store entrance overhang.
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    Daphne Howland/Retail Dive
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    Touting off-mall success, Macy’s mulls acceleration of small-store strategy

    CEO Jeff Gennette also said the retailer has closed its most unprofitable mall stores and that 99% of its mall base is now profitable.

    By March 2, 2023
  • A bright yellow sign against a blue roof says "Best Buy" in bold black letters.
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    Daphne Howland/Retail Dive
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    Best Buy to close as many as 30 stores this year

    The electronics retailer is also remodeling stores to its experiential format and opening 10 outlets.

    By Nate Delesline III • March 2, 2023
  • Qurate
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    Cara Salpini/Retail Dive
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    Qurate Retail Group brings on Everlane vet as CFO

    Bill Wafford, who also served as chief financial officer at J.C. Penney and The Vitamin Shoppe, is joining the company in the midst of its turnaround plan. 

    By Tatiana Walk-Morris • March 2, 2023
  • A leafy green bush sits in front of a reddish brick store against a bright blue sky, with the name Kohl's in white block letters.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Kohl’s mulls pricing changes in turnaround reboot

    Under a new CEO, the struggling department store also aims to expand e-commerce, modernize stores and right-size inventory while cutting costs.

    By March 1, 2023
  • A white truck is parked in front of a Lowe's store on a clear, bright day.
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    Daphne Howland/Retail Dive
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    Lowe’s warns comps could fall up to 2% in 2023 as demand softens

    The home improvement retailer is more vulnerable to pullbacks in consumer spending because of its position among DIY customers.

    By March 1, 2023
  • Olaplex files for IPO.
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    Courtesy of Olaplex
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    Olaplex calls 2023 ‘a reset year’ as it braces for 41% sales hit in Q1

    The DTC company, which is facing a lawsuit that alleges problems with its products, expects net sales to fall 15% for the year. 

    By Tatiana Walk-Morris • March 1, 2023
  • Exterior of a Target store.
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    Courtesy of Target
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    Target profits continue to slide as discretionary purchases slow

    The retailer said consumer spending on essentials, like food, helped offset inflation-driven sales slides in discretionary buys.

    By Nate Delesline III • Feb. 28, 2023
  • Exterior of a Warby Parker store in Washington, D.C.'s Georgetown neighborhood
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    Caroline Jansen/Retail Dive
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    Warby Parker narrows Q4 net loss amid economic uncertainty

    The DTC eyewear brand saw revenue increase 10.2% year over year, and it plans to grow its physical footprint with 40 new stores in 2023.

    By Feb. 28, 2023
  • Amazon delivery van
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    The image by Elvert Barnes is licensed under CC BY 2.0
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    Amazon expanding same-day delivery service

    The retailer plans to respond to customer demand for fast delivery by growing its fulfillment center footprint, but that could mean added fees.

    By Nate Delesline III • Feb. 27, 2023
  • An illustration of a person hanging onto a coin in rough seas.
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    Adeline Kon/Retail Dive
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    Tracker

    The running list of major retail bankruptcies

    Bankruptcy filings have continued in recent months, including from QVC Group and Sleep Number.

    By Retail Dive Staff • Updated July 10, 2026
  • A line of Skechers shoes with famous Diane  von Furstenberg prints.
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    Courtesy of Skechers
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    Column

    The Weekly Closeout: REI rolls out new product standards and Skechers teams with Diane von Furstenberg

    The outdoor retailer is asking brand partners to set emissions reduction targets. Meanwhile, the shoe brand’s latest collaboration features “Endless Kisses.”

    By Retail Dive Staff • Feb. 24, 2023