S&P Global Ratings downgrades Saks, warns latest financing deal is ‘tantamount to a default’

Saks Global emphasized that there’s no default related to its new agreement with bondholders, calling the rating updates “common and expected with transactions like these.”

By Daphne Howland • July 9, 2025

Lululemon increasing markdowns at ‘alarming rates’ as momentum fades

In a research note, Jefferies analysts called out inconsistent pricing for identical items and the consequences of attempts to lure younger shoppers.

By Dani James • July 9, 2025

Dollar Tree completes $1B sale of Family Dollar

The discount retailer sold the banner to private equity firms more than a decade after acquiring it for about $8.5 billion.

By Dani James • July 9, 2025

Why Dick’s Foot Locker acquisition is a big bet on Nike

Foot Locker took a big hit when Nike started pulling away from wholesale partners. But if the brand makes a comeback — and gets product innovation firing again — Foot Locker’s fortunes could change.

By Cara Salpini • July 9, 2025

J.C. Penney to hold down prices for back to school, holiday despite Q1 declines

Sales and profit slumps were relatively modest, a sign the department store’s merchandising and marketing efforts are paying off.

By Daphne Howland • July 8, 2025

Best Buy divests home care firm Current Health

Co-founder Christopher McGhee reacquired the company nearly four years after the electronics retailer purchased the home care business.

By Emily Olsen • July 1, 2025

Home Depot goes after pro market with $4.3B acquisition

The retailer has inked a deal for its SRS Distribution subsidiary to acquire GMS, which specializes in drywall, ceilings and steel framing.

By Caroline Jansen • June 30, 2025

Saks Global $600M deal with bondholders includes $200M in new financing

As the holidays loom and past vendor payments come due, the package replaces a previous proposal for $350 million in new financing.

By Daphne Howland • June 30, 2025

As revenue falls 10%, Nike preps for $1B tariff hit

At the same time, the brand is restructuring teams around key sports and touted “significant progress” on rightsizing its classic footwear franchises.

By Cara Salpini • June 27, 2025

The Weekly Closeout: J. Jill names chief merchant as Spirit Halloween resurrects seasonal hiring

Courtney O’Connor, formerly head of merchandising at Club Monaco, joins Monday. Meanwhile, the spooky store plans to bring on 50,000 employees.

By Retail Dive Staff • June 27, 2025

Walgreens swings to a loss ahead of Sycamore acquisition

Store closures and weak front-of-store comps led to a retail sales decline in Q3, but U.S. pharmacy and international sales were strong.

By Daphne Howland • June 26, 2025

Dude Wipes secures private equity investment

The brand said it plans to use the funding from TSG Consumer Partners to grow its retail partnerships.

By Howard Ruben • June 25, 2025

Walmart agrees to pay $10M to settle FTC wire-transfer allegations

The settlement closes a case the Federal Trade Commission brought in 2022, alleging that the retail giant turned a blind eye to scams and fraud.

By Daphne Howland • June 23, 2025

Economy heading toward ‘significant slowdown,’ Conference Board says

A decline in housing permits in May and two consecutive months of rising claims for unemployment insurance led to a dip in the Leading Economic Index.

By Jim Tyson • June 23, 2025

The Weekly Closeout: Authentic hires an Amazon vet, Dôen secures funding

Tim Derner joined the brand management firm as the global head of marketplaces, while the apparel brand closed on a Series A funding round.

By Retail Dive Staff • June 20, 2025

Hasbro cuts 3% of workforce

The toy company has been undergoing a turnaround effort, which includes a $1 billion cost-savings objective.

By Kaarin Moore • June 18, 2025

Kirkland’s tightens ties to Bed Bath & Beyond, rebrands as ‘Brand House Collective’

The company, which also reported Q1 sales and profit declines, said Kirkland's stores will turn into Bed Bath & Beyond Home locations.

By Daphne Howland • June 17, 2025

Nuuly is dominating the apparel rental market

The company has more than double the number of active subscribers as Rent the Runway, its next-largest U.S. apparel subscription competitor, according to Wells Fargo analysts.

By Tatiana Walk-Morris • June 16, 2025

5 years after US bankruptcy, Roots notches third quarter of sales growth

As part of a multiyear strategy, the Canadian brand is closing underperforming stores, upgrading its fleet and investing in marketing.

By Cara Salpini • June 16, 2025

Canada Goose prioritizes year-round relevance with second Haider Ackermann collection

The collection uses lightweight fabrics to reimagine classic cold weather styles and comes as the retailer looks to broaden its assortment.

By Howard Ruben • June 16, 2025

Chewy’s sales jump despite challenging economic environment

The pet e-commerce company reported a gross margin decline in Q1 but remained positive about its full-year outlook.

By Dani James • June 13, 2025

Saks Global says it’s back on track with vendors, won’t close stores

The company told BMO Capital Markets it has mostly repaired supplier relationships, though luxury brands tell other analysts its ability to pay remains a top concern.

By Daphne Howland • June 13, 2025

The Weekly Closeout: Michaels rolls out Summerween and Shakira’s beauty brand debuts

The crafts retailer is releasing Halloween decor earlier than ever, while the pop star’s Isima line will launch at Ulta Beauty.

By Retail Dive Staff • June 13, 2025

How Nike CEO Elliott Hill is building out his turnaround team

Eight months in, Hill has changed leadership structures and brought in new hires. At the same time, several long-time executives have retired.

By Cara Salpini • June 12, 2025

Off-price domination continues as department stores yield more share

Sales, profits and margins have been stronger at off-pricers, and that won’t change any time soon, according to a UBS report this week.

By Daphne Howland • June 12, 2025