Estee Lauder saves key sales driver with $2.8B Tom Ford deal

The beauty company beat out Gucci owner Kering, which was reportedly also in talks to buy the luxury apparel and accessories brand.

By Daphne Howland • Nov. 16, 2022

ThredUp lowers outlook amid fresh competition from legacy retailers

The price promotions being used to clear a glut of inventory at many stores are dampening demand for secondhand apparel, executives said.

By Daphne Howland • Nov. 15, 2022

Explore the 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

Walmart raises full-year outlook as Q3 revenue jumps nearly 9%

However, the retailer saw a decline in general merchandise comparable sales even as it gained market share in grocery.

By Dani James • Nov. 15, 2022

Francesca’s names CFO

Teresa Baker is the company’s latest hire, following the fall appointments of its CTO and vice president of e-commerce. 

By Kaarin Moore • Nov. 15, 2022

Amazon reportedly plans 10K layoffs, with a focus on retail

The e-commerce giant is also downsizing divisions related to devices like Alexa and human resources, the New York Times reports.

By Daphne Howland • Nov. 14, 2022

Fitch downgrades Party City as maturities loom

The party goods retailer is fast losing any financial cushion, its turnaround is uncertain and restructuring is “probable,” Fitch analysts said last week.

By Daphne Howland • Nov. 14, 2022

American Dream cuts a deal with lenders to extend debt

The arrangement could give the massive mall in New Jersey more time after a tumultuous financial ride since opening. 

By Ben Unglesbee • Nov. 11, 2022

Skincare brand Topicals raises $10M in Series A financing

The direct-to-consumer company already has notable investments from Jay-Z co-founded Marcy Venture Partners, Kelly Rowland and more.

By Tatiana Walk-Morris • Nov. 11, 2022

The Weekly Closeout: Big Lots fills out C-suite and At Home faces downgrade

Big Lots named marketing and merchandising chiefs, while Moody’s downgraded the home retailer’s corporate credit rating.

By Retail Dive Staff • Nov. 11, 2022

Amazon scrutinizing unprofitable business units: WSJ

CEO Andy Jassy, who replaced founder Jeff Bezos a year ago, is keen to slash costs and spike profits, the Wall Street Journal reports.

By Daphne Howland • Nov. 10, 2022

Warby Parker narrows loss as it posts 8.3% revenue increase in Q3

The DTC brand also raised its 2022 outlook, expecting revenue to increase by up to 10.2% over last year. But growth is showing signs of slowing.

By Caroline Jansen • Nov. 10, 2022

Target pivots to larger stores with new 150K-square-foot format

The concept is 20,000 square feet larger than the company average, with more space for pickup services, fulfillment and merchandise.

By Ben Unglesbee • Nov. 10, 2022

Adidas will continue to sell Yeezy product without the Yeezy name

The athletic brand, facing steep revenue and profit losses after letting go of its most high-profile collaboration, again lowered its 2022 guidance.

By Daphne Howland • Nov. 9, 2022

Allbirds’ sales growth ‘disappointing’ given store expansion

The brand is also expanding its relationship with key wholesale partners, which co-CEO Joey Zwillinger says will raise brand awareness.

By Cara Salpini • Nov. 9, 2022

Revlon’s sales down 10% as it tries to right itself in Ch. 11

The cosmetics giant has worked to firm up relationships with suppliers and is also fielding potential interest in buying the company out of bankruptcy. 

By Ben Unglesbee • Nov. 9, 2022

DTC marketplace Heyday buys personal care startup ZitSticka

The marketplace has raised $800 million so far to fuel its acquisition and brand growth goals.

By Tatiana Walk-Morris • Nov. 9, 2022

Peloton co-founders raise $25M for new custom rug startup

John Foley, Hisao Kushi and Yony Feng hope to disrupt the industry with custom-cut rugs that aren’t bogged down by supply chain chaos. 

By Dani James • Nov. 8, 2022

Party City to shrink corporate workforce by 19% as consumers pull back

Halloween sales at the retailer came in at the low end of expectations as consumers worked to hold their spending down. 

By Ben Unglesbee • Nov. 8, 2022

Gap Inc. to sell Greater China business

The company made a deal with Baozun, an e-commerce solution provider, to operate the company’s in-market site and stores.

By Kaarin Moore • Nov. 8, 2022

C-suite shakeout at Tuesday Morning as CEO, COO and chief merchant exit

Fred Hand and Marc Katz are out after about a year and a half at the retailer following a major deal with the owner of the Pier 1 brand. 

By Ben Unglesbee • Nov. 7, 2022

Accessories membership club Vivrelle raises $35M in Series B

Since the company’s Series A funding round nearly 18 months ago, it has increased revenue by 600%. 

By Tatiana Walk-Morris • Nov. 7, 2022

NRF forecasts ‘healthy’ holiday sales in the face of economic challenges

The trade group predicts year-over-year growth of 6% to 8% and said consumers “remain resilient” even while facing inflation. 

By Dani James • Nov. 4, 2022

Zulily leads sales declines at Qurate (again)

Revenue was down 39% at the struggling e-commerce site, while sales were also down at the company’s flagship television retail banners. 

By Ben Unglesbee • Nov. 4, 2022

Lowe’s sells Canadian business to Sycamore Partners for $400M

The unit includes 450 corporate and independent affiliate dealer stores under the banners Rona, Lowe's Canada, Reno-Depot and Dick's Lumber.

By Caroline Jansen • Nov. 4, 2022

The Weekly Closeout: DSW bets on shoe repair and Under Armour finally addresses athleisure

Shoppers can drop off their worn shoes at the footwear retailer’s stores. And the athletics brand is broadening its assortment.

By Retail Dive Staff • Nov. 4, 2022