Financial News


  • Rue21 to open new stores.
    Image attribution tooltip
    Courtesy of Rue21

    Rue21 hires advisers for possible restructuring: WSJ

    Less than two years ago, the teen-focused retailer was adding stores and growing its sales. 

    By Oct. 3, 2022
  • Caraway pots and pans on the stove
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    Courtesy of Caraway

    DTC cookware brand Caraway raises $35M

    The funding comes as many retail startups face a cooler venture capital market.

    By Tatiana Walk-Morris • Oct. 3, 2022
  • Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
  • 18 retailers at risk of bankruptcy as consumers tighten wallets in 2022

    As demand wavers and capital gets harder to find, the number of companies at risk has soared from last year. 

    By Oct. 3, 2022
  • Beyond Yoga's entrance to its first store
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    Courtesy of Beyond Yoga
    Column

    The Weekly Closeout: Beyond Yoga opens its first store and H&M looks to cut costs

    The active brand is planning more stores down the pike, while the fast-fashion retailer is hoping to stem losses by charging for returns.

    By Retail Dive Staff • Sept. 30, 2022
  • Image attribution tooltip
    Courtesy of Rite Aid

    Rite Aid’s losses triple as sales fall

    Declines in traffic and sales from COVID-19 services could be hurting the drugstore chain. 

    By Sept. 30, 2022
  • Nike Rise in Seoul, South Korea
    Image attribution tooltip
    Courtesy of Nike

    Nike ‘aggressively’ clearing inventory ahead of holidays

    Some out-of-season apparel arrived late, while holiday apparel arrived early, leading inventories to rise 44% year over year.

    By Sept. 30, 2022
  • Image attribution tooltip
    Courtesy of Amazon

    Amazon to spend nearly $1B on wage hikes for frontline workers

    Increases start in October and will raise the average starting wage for fulfillment and transportation workers to over $19 an hour, the company said.

    By Sept. 29, 2022
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    As it works to turn itself around, Bed Bath & Beyond’s sales fall 28% in Q2

    About a month after outlining a plan to steady the business, the struggling home retailer is also sinking deeper into the red.

    By Sept. 29, 2022
  • Picture of an At Home storefront.
    Image attribution tooltip
    Permission granted by At Home Group

    At Home downgraded as it burns through cash

    The retailer took on debt from a private equity acquisition last year. Then the home goods market tanked. 

    By Sept. 28, 2022
  • An Eddie Bauer mall store entrance mimics a log cabin, with faux wooden pillars and pitched roof.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    Eddie Bauer taps VF Corp exec as new CEO

    Tim Bantle replaces Damien Huang, who stepped down after a year on the job and not long after its acquisition by Sparc Group.

    By Sept. 27, 2022
  • A Knix storefront in Santa Monica
    Image attribution tooltip
    Courtesy of Knix

    Knix acquired for $320M

    The DTC brand was bought by health and hygiene company Essity, with founder Joanna Griffiths maintaining a 20% stake.

    By Tatiana Walk-Morris • Sept. 27, 2022
  • Camping in Spain.
    Image attribution tooltip
    Carlos Alvarez via Getty Images

    Yeti CFO resigns following lukewarm earnings

    Paul Carbone, who took the company public during his first year as CFO, is departing to pursue another venture closer to family after four years in the role.

    By Elizabeth Flood • Sept. 27, 2022
  • A green store banner says "Dollar Tree" against a hazy blue sky.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    Dollar Tree hires new COO in ongoing C-suite revamp

    Michael Creedon, who has led U.S. store operations for Advance Auto Parts, will play a key role as the dollar retailer tries to become more competitive.

    By Sept. 26, 2022
  • Image attribution tooltip
    Purple

    Purple adopts poison pill, forms committee to evaluate takeover bid

    The DTC mattress brand last week received an unsolicited offer from Coliseum Capital Management.

    By Sept. 26, 2022
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    Daphne Howland/Retail Dive

    Nordstrom lays off over 200 workers at supply chain facility

    The retailer has been working to make its supply chain faster and more productive as it looks to offset costs and meet pick-up demand. 

    By Sept. 23, 2022
  • Three students play basketball on a Nike Grind court.
    Image attribution tooltip
    Courtesy of Nike

    The Weekly Closeout: Home Depot employees move to unionize and Nike launches recycling program on Alipay

    Philadelphia workers for the home improvement retailer filed with the National Labor Relations Board, while the athletics brand partnered with Ant Group’s Green Energy Initiative.

    By Retail Dive Staff • Sept. 23, 2022
  • A planned Sephora at Kohl's experience
    Image attribution tooltip
    Courtesy of Business Wire

    Kohl’s board unanimously backs CEO

    The retailer is standing behind Chief Executive Officer Michelle Gass amid pressure from an activist investor to replace her and the board’s chair.

    By Sept. 23, 2022
  • Kohl's storefront
    Image attribution tooltip
    Courtesy of Kohl's

    Hedge fund pushes to oust Kohl’s CEO, board chair

    Ancora Holdings, among investors that last year forced changes to the retailer’s board, says CEO Michelle Gass “is no longer well-positioned to lead.”

    By Sept. 22, 2022
  • Destination XL loses marketing chief, names replacement

    Ujjwal Dhoot played a major role in the big-and-tall retailer’s turnaround and hunt for market share. 

    By Sept. 22, 2022
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Retail Dive

    Barclays downgrades Nike on inventory trouble, slowing demand and volatility in China

    The retailer’s strength in North America may no longer be enough to offset its challenges in China, the analysts said.

    By Sept. 21, 2022
  • Stitch Fix subscription box
    Image attribution tooltip
    Courtesy of Stitch Fix

    Stitch Fix is losing customers as it competes against itself

    The e-retailer’s new e-commerce site is stealing sales from its curated box business just as consumers pull back on apparel purchases.

    By Sept. 21, 2022
  • An iRobot Roomba is deployed in a home.
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    Courtesy of iRobot

    FTC investigates Amazon’s $1.7B bid to acquire iRobot

    The news marks the second acquisition by the mass retailer that the Federal Trade Commission has requested further information on this year. 

    By Sept. 21, 2022
  • A Nordstrom storefront at The Grove shopping center in Los Angeles.
    Image attribution tooltip
    Cara Salpini/Retail Dive

    Nordstrom adopts poison pill

    The retailer’s announcement follows news that Mexican department store company Liverpool acquired a 9.9% stake earlier this month.

    By Sept. 20, 2022
  • Halloween spending to surpass 2021 levels: NRF

    Participation in the holiday is expected to exceed pre-pandemic levels as shoppers return to old habits.

    By Tatiana Walk-Morris • Sept. 20, 2022
  • Image attribution tooltip
    Purple

    Purple receives takeover bid

    Coliseum Capital Management offered to buy the remaining common stock for $4.35 a share, a roughly 56% premium from the brand’s Friday closing price.

    By Sept. 19, 2022