Financial News
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Courtesy of Target
ColumnThe Weekly Closeout: Kohl's considers packaged foods and Target partners with Tabitha Brown
The department store looks into new categories as profit takes a hit, and the author and actress created four collections for the mass merchant.
By Retail Dive Staff • May 20, 2022 -
Cara Salpini/Retail Dive
Foot Locker's Nike replacement efforts working 'exceptionally well'
CEO Dick Johnson said Foot Locker is underpenetrated in "virtually all of our brands outside of our top three." That leaves room for growth.
By Cara Salpini • May 20, 2022 -
Explore the Trendline➔
Igor Alecsander via Getty Images
TrendlineRetail Dive's Outlook on 2022
From continued supply chain challenges to the rise of social commerce, here's what Retail Dive is watching for in the year ahead.
By Retail Dive staff -
Courtesy of Hugo Boss
Hugo Boss COO leaves to head Swiss outdoor brand
Heiko Schäfer joined in March 2020, just as COVID-19 began to upend the apparel industry.
By Ben Unglesbee • May 20, 2022 -
Courtesy of Business Wire
2 top Kohl's executives to depart as the retailer gets closer to a sale
The retailer, which reported a rough first quarter, said Chief Marketing Officer Greg Revelle and Chief Merchandising Officer Doug Howe are leaving.
By Daphne Howland • May 19, 2022 -
Cara Salpini/Retail Dive
Bath & Body Works outlook on profit growth turns negative as inflation wears on
The retailer expects material, transportation and wage costs, along with technology investments, to weigh on earnings.
By Ben Unglesbee • May 19, 2022 -
After heightened demand during the pandemic, growth at Home Depot and Lowe's begins to normalize
A cooler spring delayed sales during Q1, but Home Depot's position among professionals helped it weather challenges better than its rival.
By Caroline Jansen • May 18, 2022 -
Courtesy of David's Bridal
David's Bridal acquires custom wedding dress startup Anomalie
However, Anomalie will no longer create custom gowns and will instead "build tools that fulfill the mission of helping brides."
By Kaarin Vembar • May 18, 2022 -
Daphne Howland/Retail Dive
Target's profit 'collapsed' in Q1 as retail smashes into fuel costs
The retailer faced hundreds of millions of dollars in unexpected freight costs. But the company is being selective in when to hike prices.
By Ben Unglesbee • May 18, 2022 -
Courtesy of Walmart
Walmart's profits take a hit as fuel spikes and consumers react to inflation
As costs continue rising, the retailer is being strategic about pricing — raising and rolling back as it seeks market share and profit.
By Ben Unglesbee • May 17, 2022 -
Michael Buckner / Staff via Getty Images
Warby Parker lost $15M in sales as a result of pandemic disruptions in Q1
Despite the lost sales, the eyewear brand grew revenue by 10.3% year over year and 18% from 2019. But profitability continues to weigh on the company.
By Caroline Jansen • May 16, 2022 -
Daphne Howland/Retail Dive
GameStop poaches former Belk CEO as its new COO
Nir Patel is the retailer's second operations chief in a little over a year.
By Ben Unglesbee • May 16, 2022 -
Courtesy of Kohl's
When activists come for retailers: 7 recent shareholder spats
Hedge funds have been pressing for everything from new leadership to company spinoffs at some mainstay industry players.
By Ben Unglesbee • May 16, 2022 -
Fotolia
Inflation finally slowed online in April but remained 'punishingly high' overall
Consumer demand remains relatively high, but there are signs it might wane if inflation keeps up. Meanwhile, buying habits are shifting.
By Ben Unglesbee • May 13, 2022 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Eddie Bauer CEO exits and Target workers move to unionize
Damien Huang had only been CEO for about a year, while Target's Christiansburg, Virginia, employees seek higher wages.
By Retail Dive Staff • May 13, 2022 -
Dillard's strong apparel sales stoke Q1 revenue and margins
The regional department store tends to outpace most players, but may not be able to escape the pressures coming in the second half of the year.
By Daphne Howland • May 13, 2022 -
Courtesy of Instacart
Instacart files confidentially for IPO
The announcement is a long-awaited step for the San Francisco-based company, which did not disclose further details on its potential offering.
By Catherine Douglas Moran , Jeff Wells • May 13, 2022 -
Courtesy of Dollar Tree
Dollar Tree taps former Dollar General execs for help with supply chain, merchandising
The hires are the latest with experience at the dollar store's rival to join, along with new executive chair Richard Dreiling.
By Ben Unglesbee • May 12, 2022 -
Retail tech funding drops 11%: report
Store management tech was the only sector to see an increase in funding in Q1, according to a CB Insights report.
By Tatiana Walk-Morris • May 12, 2022 -
Courtesy of Allbirds
Allbirds' first wholesale deals are with Zalando and Public Lands
The company's own physical footprint is also performing well, with U.S. stores growing "well in excess of 150%" in the first quarter.
By Cara Salpini • May 11, 2022 -
Courtesy of Kohl's
Kohl's board survives activist challenge
Shareholders' rejection of a further board shakeup signals confidence in CEO Michelle Gass, but doesn't necessarily rule out a sale.
By Daphne Howland • May 11, 2022 -
DSW
Shoes.com website trades hands again, this time to DSW owner
The domain has been bought and sold by industry players the past two decades, with Walmart and a private equity firm among its most recent owners.
By Ben Unglesbee • May 10, 2022 -
Simon Property Group 'focused internally' as short-term leases rise
CEO David Simon told analysts to ignore acquisition rumors, presumably regarding reports the REIT has bid on Kohl's, and said shorter agreements are part of a strategy.
By Daphne Howland • May 10, 2022 -
Daphne Howland/Retail Dive
Party City misses estimates, sees more helium pain ahead
Sales and profits suffered as consumers reacted to omicron, inflation, war and the end of government stimulus measures.
By Ben Unglesbee • May 9, 2022 -
Daphne Howland/Retail Dive
Under Armour expects protracted supply chain challenges to temper sales
The sportswear brand has been strategically canceling orders as COVID-19 disrupts China and delays and capacity shortfalls persist.
By Ben Unglesbee • May 6, 2022 -
Courtesy of Adidas
Adidas aims to fill the Nike gap at Foot Locker with expanded partnership
The new deal makes Foot Locker the "lead partner" for Adidas' basketball offerings and is expected to generate $2 billion in sales by 2025.
By Cara Salpini • May 6, 2022
