Overstock sales fall 19% as macro challenges hit home

The drop in revenue was larger than the company anticipated, which it said could be due to consumers reacting to inflation and the war in Ukraine.

By Ben Unglesbee • April 29, 2022

The Weekly Closeout: Coty winds down Russian operations and The North Face repurposes scraps into gear

In 2021, the country accounted for about 3% of Coty's sales. Meanwhile, The North Face's latest sustainability effort turns factory scraps into new products.

By Retail Dive Staff • April 29, 2022

Mattel posts another 'blowout' quarter amid reported buyout interest

The company is cutting deals, growing market share and otherwise flexing its muscles. Analysts have noticed, as have possible suitors, according to reports.

By Ben Unglesbee • April 28, 2022

Mattel reportedly has talked with potential private equity buyers

According to The Wall Street Journal, the toy giant has had early-stage discussions with Apollo Global Management and L Catterton.

By Ben Unglesbee • April 27, 2022

Old Navy, new problem

Once Gap Inc.'s powerhouse, the value brand has faced supply setbacks and a merchandising muddle. Now, it is suddenly in need of a leader. 

By Daphne Howland • April 27, 2022

The Children's Place COO to retire

The kids' apparel retailer doesn't plan on filling Leah Swan's role after she leaves the company. 

By Ben Unglesbee • April 26, 2022

J.C. Penney owners Simon and Brookfield prepared to buy Kohl's for $8.6B, NY Post reports

The developers have teamed up to salvage bankrupt retailers including Forever 21 and Aeropostale, and keep those mall stores running.

By Daphne Howland • April 26, 2022

Bed Bath & Beyond talking with suitors for BuyBuy Baby: WSJ

Just two months after Chewy founder Ryan Cohen took an activist stake in the retailer, it is at least entertaining one of his main objectives.

By Ben Unglesbee • April 25, 2022

ThirdLove snaps up Kit Undergarments in first acquisition

CEO Heidi Zak said the bra company wanted a sub-brand to target a younger demographic and chose to acquire one rather than build it internally.

By Cara Salpini • April 25, 2022

For furniture retail, supply chain chaos has become 'normalized'

As category players extend lead times and amass inventory to manage delays, they're also building sourcing relationships beyond China and Vietnam.

By Ben Unglesbee • April 25, 2022

The Weekly Closeout: REI expands run assortment and Farfetch enters beauty

The outdoors retailer will also improve employee training in the category. Meanwhile, the luxury platform will offer a "curated edit" of beauty items.

By Retail Dive Staff • April 22, 2022

Rite Aid rejected an unsolicited buyout offer

The drugstore retailer dismissed the off-market proposal as not credible, but kept the door open for future offers.

By Ben Unglesbee • April 22, 2022

Digital Brands has ambitious expansion plans. A trade creditor wants them on ice until it is paid.

The DTC company's model is based on acquisitions. But it needs cash as losses expand and unpaid vendors seek payment in court. 

By Ben Unglesbee • April 21, 2022

What Lululemon is prioritizing in the years ahead

From the retailer's plans for Mirror to what international markets it's planning to enter, here are some takeaways on the company's new strategy.

By Cara Salpini • April 21, 2022

Lululemon wants to double revenue to $12.5B by 2026, thanks to men's and digital

The retailer also revealed plans for Mirror, including a membership program launching later this year.

By Cara Salpini • April 20, 2022

Amazon's year could be weighed down by oil prices, stimulus end: analyst

Price hikes on Prime and fuel surcharges on sellers could offset some costs. Down the road, more employee unions are a "key risk" for the company, according to MKM Partners.

By Ben Unglesbee • April 20, 2022

Hasbro sees $100M shortfall from sales to Russia

The toy giant has suspended shipments to the country. Its latest results show continued supply chain disruptions, but the company is eyeing growth in 2022.

By Ben Unglesbee • April 19, 2022

Has Gap Inc. hit bottom?

The apparel conglomerate's shares are getting lifted by various analyst reports these days, but the reasons are fairly glum.

By Daphne Howland • April 19, 2022

PVH says the scale of its star brands puts aggressive goals within reach

The owner of Calvin Klein and Tommy Hilfiger is recalibrating in a tough environment, with direct-to-consumer and wholesale both in focus.

By Daphne Howland • April 19, 2022

After closing physical stores, Amazon doubles down on one-day delivery

In his first letter to shareholders, CEO Andy Jassy said Prime members "will love this." But the e-commerce giant may need it.

By Daphne Howland • April 18, 2022

Guess' Paul Marciano problem is shining a spotlight on boards

The brand's co-founder remains, while its board of directors is slammed by an activist investor and sued by victims over his alleged sexual crimes.

By Daphne Howland • April 14, 2022

Out-of-stocks led to $175M in lost sales at Bed Bath & Beyond

Executives were "disappointed" in the retailer's fourth quarter results, blaming falling sales on industrywide supply chain challenges.

By Caroline Jansen • April 13, 2022

Rite Aid guidance could signal its ability to survive: analyst

The drugstore chain's losses have expanded, and it could face a decline in spending related to COVID-19.

By Ben Unglesbee • April 13, 2022

Epic Games raises $2B to develop its metaverse efforts

The funding brings its valuation to nearly $32 billion, and includes participation from Kirkbi, the investment firm behind The Lego Group.

By Tatiana Walk-Morris • April 13, 2022

Retail bankruptcy risks still low after 2020's flood: report

The pandemic surge in filings culled some weak players, while last year's boom in retail sales fueled turnarounds for others.

By Ben Unglesbee • April 12, 2022