The Weekly Closeout: Target works to rightsize inventory and two CEOs prepare to exit

The big-box retailer shocked analysts by cutting its forecasts on operating margin, and the industry saw two major C-suite departures.

By Retail Dive Staff • June 10, 2022

Dick's, Levi's and other retail CEOs urge Senate to take action on guns

In the wake of recent mass shootings, more than 200 executives have signed a letter imploring legislators to “take bold urgent action” on gun violence.

By Ben Unglesbee • June 10, 2022

Stitch Fix misses out on the apparel boom, as losses widen in Q3

The e-retailer is still scrambling to integrate its e-commerce with its legacy box business, but some analysts see problems with its model.

By Daphne Howland • June 10, 2022

Stitch Fix lays off 15% of its salaried workforce

The reduction reflects about 4% of all company roles, mostly non-technology and styling leadership, CEO Elizabeth Spaulding said in a company blog post.

By Daphne Howland • June 9, 2022

Credit analysts put Kohl's on notice amid takeover talks

Analysts at S&P Global Ratings and Pulse Ratings are concerned about the reliance on the retailer’s real estate to finance most of the deal.

By Daphne Howland • June 9, 2022

Chico's was ready for its customers in Q1 as sales surged 40%

The conglomerate’s turnaround is paying off, but the second half of the year could be tougher as consumers battle inflation.

By Daphne Howland • June 8, 2022

Target moves to reduce inventory, taking markdowns and canceling orders

Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.

By Ben Unglesbee • June 7, 2022

With little choice, Kohl's in final talks for Vitamin Shoppe owner to take over for $9B

Franchise Group plans to leverage Kohl's real estate to finance most of the deal, a debt load that could hamper its turnaround, analysts say.

By Daphne Howland • June 7, 2022

Grove Collaborative slashes long-term growth expectations as revenue drops

Inflation and changing consumer behaviors are taking a toll on the company.

By Dani James • June 7, 2022

Amazon's consumer chief to leave after 23 years

Dave Clark has led teams that "built out Amazon's transportation network from scratch," CEO Andy Jassy said. Clark will become CEO of Flexport.

By Ben Unglesbee • Updated June 8, 2022

The Weekly Closeout: Kim Kardashian launches new skincare line and GameStop's losses spike

The celebrity shut down her previous KKW Beauty brand last year, and the gaming retailer's operating loss tripled to $153.7 million.

By Retail Dive Staff • June 3, 2022

Lululemon plans retro, hiking products

The athletics retailer also launched the second product in its footwear offering after the popularity of its running shoe drove out of stocks.

By Cara Salpini • June 3, 2022

Pinterest to acquire AI shopping platform The Yes

The Yes, which was founded by former Stitch Fix COO Julie Bornstein, furthers Pinterest's goal of being a personalized shopping destination.

By Dani James • June 3, 2022

Walmart plots 4 new 'next generation' fulfillment centers

The facilities incorporate an automated storage and retrieval system while also employing 4,000 new workers, and could serve 75% of the U.S.

By Ben Unglesbee • June 3, 2022

Levi's aims for $10B in revenue in 5 years

The company has set ambitious goals based on diversifying its portfolio and boosting DTC sales, while relying on the longevity of its flagship denim.

By Daphne Howland • June 2, 2022

Chewy sales up nearly 14% in Q1

The online pet retailer expects sales growth to continue into the second quarter even as concerns over inflation intensify.

By Caroline Jansen • June 2, 2022

Another Enjoy Technology CFO out as it faces cash crisis

The commerce-at-home company — led by former J.C. Penney CEO Ron Johnson — can't keep up with its spiraling costs.

By Ben Unglesbee • June 2, 2022

What Trunk Club's demise says about apparel subscriptions

Customers who engage with Nordstrom's stylists, online or in stores, spend more time and money at the retailer. So it's going outside the box.

By Daphne Howland • June 2, 2022

Amazon says it is 'inappropriately' targeted by big tech legislation

The company says its customers would be hurt by bills in the House and Senate, which target conflicts of interest at major tech platforms. 

By Ben Unglesbee • June 1, 2022

Build-A-Bear reports record $117.7M in revenue

The toy company saw growth in Q1 as its European stores reopened, despite industrywide pressure from fuel costs and inflation.

By Dani James • June 1, 2022

Dia & Co. snaps up luxury plus-size retailer 11 Honoré

The acquisition moves the inclusive apparel company into the luxury space.

By Daphne Howland • June 1, 2022

In Q1, Victoria's Secret firmly in control against apparel headwinds

The lingerie retailer said it's regaining market share and maximizing margins, but may cut prices in order to make a sale.

By Daphne Howland • June 1, 2022

Apparel retailers get squeezed in Q1

Sales were up at many players, but so were inventories. Meanwhile, margins and profits are down.

By Daphne Howland • June 1, 2022

Rael raises $35M in Series B funding

The DTC menstruation care brand seeks to enter new markets and add products to its lineup as other period and personal care products gain ground.

By Tatiana Walk-Morris • May 31, 2022

Victoria's Secret finances 'historic' settlement with garment workers

A loan from the brand has helped employees laid off from a factory in Thailand get severance owed to them for more than a year. 

By Ben Unglesbee • May 31, 2022