In surprise reversal, Capri nixes CEO succession

John Idol is staying on after all, and Joshua Schulman, who led the Michael Kors brand and was set to move up in September, will leave the company.

By Daphne Howland • March 7, 2022

Gap escaped worst-case with supply chain dragging on Q4

The apparel seller plans to diversify its manufacturing and shipping profile to avoid further calamities like last year's. 

By Ben Unglesbee • March 4, 2022

'In support of the people of Ukraine,' TJX will sell minority stake in Russian off-pricer

Over two years ago, the company paid $225 million for a non-controlling 25% share in the retailer, which runs 400 stores in Russia.

By Daphne Howland • March 4, 2022

Victoria's Secret CEO: 'The haters have gone away'

Building on strength during the fourth quarter, the lingerie company has plans for more off-mall stores and a new tween line. But how real are its changes?

By Daphne Howland • March 3, 2022

Best Buy Q4 sales fall on inventory gaps

The retailer is placing a bet on its new membership and burgeoning advertising business as it laps a stellar year for consumer demand. 

By Ben Unglesbee • March 3, 2022

Size matters: How Walmart and Target dominated amid disruption, inflation

Both retailers leaned on their scale to get goods on shelves and keep prices low, at least relative to the industry. 

By Ben Unglesbee • March 3, 2022

Nordstrom promises momentum in 2022 after steady holiday quarter

After posting healthy margins and profits, the retailer is raising expectations for its full-line and off-price businesses, but some analysts are skeptical.

By Daphne Howland • March 2, 2022

Target plans $5B investment in operations, including 30 new stores

After growing its sales and stealing market share in recent years, the retailer is still hungry for new markets and customers.  

By Ben Unglesbee • March 2, 2022

Can Sephora do for Kohl's what it couldn't do for J.C. Penney?

After a weak Q4, the department store is relying on the beauty retailer for growth. But that wasn't enough for J.C. Penney.

By Daphne Howland • March 1, 2022

Target rides traffic boost to 19th straight quarter of growth

CEO Brian Cornell said that rises in comparable sales and other strong performance numbers were "proof our strategy is working."

By Ben Unglesbee • March 1, 2022

Ipsy, BoxyCharm parent raises $96M in funding

Beauty for All Industries, which has also launched DTC brands from Addison Rae and Becky G, will use the funding to scale its brands.

By Cara Salpini • March 1, 2022

Target's new hourly wage will soon be as much as $24

The mass merchant, whose starting rate has been $15 for a couple of years, will invest up to $300 million for pay and benefit expansions.

By Daphne Howland • Feb. 28, 2022

Walmart's third-party fulfillment business grew 500% last year

The retailer hopes to grow its seller base and their sales with logistics services, which in turn can help boost its nascent advertising business. 

By Ben Unglesbee • Feb. 28, 2022

What happened to Nordstrom Rack?

The department store's off-price business was a pioneer in the space and once buoyed the company. But lately it's been crashing.

By Daphne Howland • Feb. 28, 2022

Kimberly-Clark acquires majority stake in Thinx

The maker of Kotex and Kleenex made an initial minority investment into the DTC period underwear brand back in 2019.

By Caroline Jansen • Feb. 25, 2022

Nike moves away from Foot Locker in shift to DTC

Nike made up 75% of Foot Locker's purchases in 2020, a number that is poised to decline significantly this year. Comps may drop 10% in 2022 as a result.

By Cara Salpini • Feb. 25, 2022

The Weekly Closeout: Fanatics acquires Mitchell & Ness and Brooks tops $1B in revenue

The sports merchandise retailer — with Jay-Z, Meek Mill and others — snapped up the lifestyle brand, while the running company hit record highs.

By Retail Dive Staff • Feb. 25, 2022

Wayfair's revenue falls 11.4% in Q4 as its losses widen

The online retailer benefited at the onset of the pandemic. But as consumers shift spending to physical channels, the company is losing customers.

By Caroline Jansen • Feb. 24, 2022

Allbirds plans entry into wholesale to raise brand awareness

The DTC company is still "unknown" to the majority of U.S. consumers and is hoping a select number of "premium" retail partners will help with that.

By Cara Salpini • Feb. 24, 2022

Bath & Body Works CEO to step down

Andrew Meslow is leaving for health reasons after fifteen years with the brand, which grew sales by 22% last year. 

By Ben Unglesbee • Feb. 24, 2022

The Backroom: Kohl's vs. Wall Street

Activist investors have pressured the retailer to divest assets and potentially even sell itself. Retail Dive reporters discuss the implications of such moves.

By Retail Dive Staff • Feb. 24, 2022

Home Depot, Lowe's sales lap pandemic highs

While overall demand wanes, the biggest retailers in the sector posted strong gains as consumers invested in their homes around the holidays.

By Caroline Jansen • Feb. 23, 2022

TJX cruises past pre-pandemic sales levels

The retailer took a hit from freight and other costs, but may benefit from inflation-wary consumers seeking refuge in off-price.

By Ben Unglesbee • Feb. 23, 2022

Macy's rejects e-commerce spinoff as it looks to build on digital growth

The retailer's CEO cited risks to its customers and brands from breaking out its digital business as a stand-alone company.

By Ben Unglesbee • Feb. 22, 2022

The Weekly Closeout: Ulta adds former Sam’s Club COO to board and retailers shift mask policies

The beauty retailer refreshed its board with two new directors, while major retailers like Walmart and Amazon removed mask mandates for vaccinated employees.

By Retail Dive Staff • Feb. 18, 2022