Financial News: Page

  • Target
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    Courtesy of Target
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    What Walmart and Target’s performance told us about retail for the rest of 2022

    Inventory, margins, traffic, pricing, food, gas, costs, holidays: The two giants act as a window into the market that everyone is trying to peer through.

    By • Aug. 31, 2022
  • Best Buy announces new Outlet stores.
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    Courtesy of Best Buy
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    Best Buy US sales slide 13% as inflation, discounting take toll

    The retailer is trying to navigate volatility as strong demand in electronics subsides and other players clear out their excess inventory.

    By • Aug. 30, 2022
  • The direct-to-consumer landscape in retail Explore the Trendline➔
    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 red Burlington storefront says "ladies, mens, kids, baby, home, coats," as clouds billow overhead in a bright blue sky.
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    Daphne Howland/Retail Dive
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    Burlington falls behind off-price rivals in Q2 as lower-income households feel inflation’s pinch

    The retailer's struggle in the period is also a bad sign for apparel sales in general, analysts say.

    By • Aug. 30, 2022
  • A yellow school bus is parked outside a two story level school. A light blue sky and small cloud are in the top half of the photo.
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    Getty Images
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    Back-to-school consumers are holding out for discounts

    Shoppers have had different priorities this summer and remain focused on saving money as inflation squeezes their budgets.

    By • Aug. 29, 2022
  • Exterior of an Alex and Ani storefront
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    "Alex And Ani Brickell City Centre" by Phillip Pessar is licensed under CC BY 2.0
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    Alex and Ani has $17.5M loan as it seeks growth after bankruptcy

    The jewelry retailer known for its charm bracelets filed for Chapter 11 in 2021 after years of fast growth and disruptions both external and internal.

    By • Aug. 29, 2022
  • Trees with dark green leaves frame the light-gray stone exterior of a Dillard's department store.
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    "Dillard's Grand Opening and Ribbon Cutting" by Todd Van Hoosear is licensed under CC BY-SA 2.0
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    Is Dillard’s setting the pace for mid-tier department stores?

    As rivals struggle to redefine the legacy model, the Southern chain has stuck with its founding family — and retail fundamentals.

    By • Aug. 29, 2022
  • REI marketing materials
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    Courtesy of REI
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    REI employees vote to unionize at Berkeley store

    The location is the second of the outdoor retailer’s to form a union, joining a growing wave in retail. 

    By • Aug. 26, 2022
  • Branches with small buds jutting from the right point toward a blue Gap sign with white lettering, mounted on a beige stone building.
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    Daphne Howland/Retail Dive
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    Gap Inc. yanks forecast as Old Navy and Athleta stumble in Q2

    The apparel retailer is without a permanent CEO as it scrambles to address merchandising misses amid rising costs and lower consumer spending.

    By • Aug. 26, 2022
  • Ulta storefront
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    Courtesy of Ulta
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    Ulta dodges inflation woes as sales grow more than 16%

    CEO Dave Kimbell said the retailer has seen no evidence of its shoppers trading down despite higher costs.

    By • Aug. 26, 2022
  • A black store banner reads "Victoria's Secret."
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    Daphne Howland/Retail Dive
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    Victoria’s Secret Q2 sales tumble as shoppers curtail store visits

    After a year on its own, the lingerie retailer is regaining market share but may have trouble meeting even lowered estimates for the year.

    By • Aug. 25, 2022
  • Family Dollar Dollar Tree combo store
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    Courtesy of Dollar Tree
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    Dollar General adds 436 stores, Dollar Tree cuts prices as discounters vie for shoppers

    The sector has an opportunity to win over new customers as inflation squeezes household budgets. 

    By • Aug. 25, 2022
  • A Nordstrom storefront at The Grove shopping center in Los Angeles.
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    Cara Salpini/Retail Dive
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    Nordstrom beats expectations in Q2 but lowers outlook

    The retailer is scrambling to work through inventory at both of its banners, and its higher-income customers may not show up in coming months.

    By • Aug. 24, 2022
  • External shot of a Dick's Sporting Goods store.
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    Daphne Howland/Retail Dive
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    As others battle inflation, Dick’s says its shopper is ‘holding up very well’

    The sporting goods retailer sounded a positive note on several issues challenging the rest of the industry, including inventory and labor.

    By • Aug. 24, 2022
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    Bed Bath & Beyond snags a much-needed loan: WSJ

    The retailer needs all the cash it can get to pay suppliers, deal with looming maturities and try to right a struggling business.

    Aug. 24, 2022
  • Photo of Visible Supply Chain Management warehouse provided after Maersk acquisition
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    Permission granted by Maersk
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    Mid-year checkup: What retail execs are saying about inflation, inventory and more

    In Q2, retailers touted “aggressive” actions to mitigate hurdles and prepare for the holidays. Will that be enough?

    By • Aug. 24, 2022
  • An exterior sign on a Macy's store.
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    Daphne Howland/Retail Dive
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    Macy’s keeps a firm grip on inventory in Q2

    The department store lowered its outlook for the year, however, and continues to lose market share, analysts say.

    By • Aug. 23, 2022
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    Bed Bath & Beyond downgraded at S&P

    Analysts slapped a CCC grade on the company, citing “very poor sales performance, deteriorating liquidity, and looming maturities.”

    By • Aug. 23, 2022
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    Mooshuu (Flickr)
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    Hasbro could restructure or sell off entertainment assets: Bloomberg

    The toy giant bought the eOne studio for around $4 billion in 2019 under a previous CEO and then ran into the media disruptions of the pandemic.  

    By • Aug. 22, 2022
  • A black and white portrait of adidas CEO Kasper Rorsted
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    Courtesy of Adidas
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    Adidas CEO Kasper Rorsted stepping down next year

    The sports apparel and footwear brand lowered its outlook for the year and is now searching for a new chief executive.

    By • Aug. 22, 2022
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    Michael M. Santiago via Getty Images
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    Deep Dive

    Bed Bath & Beyond is at risk of filing for bankruptcy. How did it get here?

    The retailer has lost sales and market share all while experiencing mounting losses. And without a leader at the helm, it faces an inflection point.

    By • Aug. 19, 2022
  • Comfortable seating on a rug in the middle of a sparsely merchandised Foot Locker store, where the interior is dominated by muted grays.
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    Courtesy of Businesswire
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    Former Ulta chief Mary Dillon’s arrival as Foot Locker CEO a ‘narrative changer’

    Dillon, credited with the beauty retailer's transformation, replaces Richard Johnson as president and chief executive in less than two weeks.

    By • Aug. 19, 2022
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    Bed Bath & Beyond taps Kirkland & Ellis for debt help: Bloomberg

    The retailer is addressing its balance sheet as it manages flagging sales and a seemingly endless turnaround. 

    By • Aug. 19, 2022
  • A Sephora at Kohl's location
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    Courtesy of Kohl's
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    Kohl’s will bring Sephora to all stores in hopes of adding $2B in sales by 2025

    A similar partnership with the beauty retailer didn’t do much for rival J.C. Penney, but Kohl’s sees potential in the tie-up as sales and profits plummet.

    By • Aug. 18, 2022
  • Interior store shot of Bath & Body Works with counters full of products.
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    Courtesy of L Brands
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    Bath & Body Works cuts 130 positions, COO exits

    The retailer is positioning itself for long-term growth, and is expected to save around $30 million in the second half of the year. 

    By • Aug. 18, 2022
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    Ryan Cohen to exit activist stake in Bed Bath & Beyond

    The Chewy founder and GameStop chair bought into the retailer this year, blasting its strategy. Its struggles have only continued since then. 

    By • Aug. 18, 2022