Financial News


  • A person wearing a camo jacket walks by a gray granite storefront that says "kids" in a blue square and "foot locker" in red letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    Foot Locker retools C-suite under Mary Dillon

    The retailer brought on another Ulta veteran in Frank Bracken, who is set to become its new COO, while the company’s CFO is headed out. 

    By Nov. 30, 2022
  • A Petco storefront. There is a white van parked outside and a person walking in the store.
    Image attribution tooltip
    Permission granted by Petco

    Petco pushes sales up 4% in Q3

    The retailer reported its 16th consecutive quarter of comparable sales growth, but its net income took a hit during the period.

    By Nov. 30, 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
  • A street lamp and a couple of people to the left of a large corner store with a red "H&M" sign, as others stroll and window shop.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    H&M slashes 1,500 jobs in cost-cutting effort

    The fast-fashion retailer's profits have been hit by rising prices and a strong dollar, and expense reductions could save some $190 million each year.

    By Nov. 30, 2022
  • Brown paper wrapped gifts with string ties.
    Image attribution tooltip
    Vadym Petrochenko via Getty Images

    Nike, Lululemon are early holiday winners: report

    Prior to Black Friday, both athletics retailers were seeing double-digit spend growth.

    By Tatiana Walk-Morris • Nov. 30, 2022
  • Neil Cole and Derek Hough talking at a store opening event.
    Image attribution tooltip
    John Shearer/WireImage via Getty Images

    Former Iconix Brand CEO convicted of fraud

    A federal prosecutor said founder Neil Cole “cooked the books” at the branding specialist during his tenure. His attorneys suggested they will appeal.  

    By Nov. 29, 2022
  • A handful of people using the escalator at an indoor mall
    Image attribution tooltip
    Kena Betancur / Stringer via Getty Images

    Winners and losers of Black Friday 2022

    With inflation looming, consumers waited until the shopping event to get deals on categories like electronics and sought out financing options such as buy now, pay later.

    By Nov. 26, 2022
  • A street lamp tilts right as the white storefront of a "Nordstrom Rack" location tilts left, as sun streams in a light blue sky. Vertical bars decorate the building above and below the word "Rack."
    Image attribution tooltip
    Daphne Howland/Retail Dive

    Nordstrom keeps focus on Rack as Q3 beats expectations

    The department store is opening more off-price locations and improving their inventory, but that invites cannibalization of its full-price stores.

    By Nov. 23, 2022
  • A Dick's Sporting Goods store display
    Image attribution tooltip
    Courtesy of Dick's Sporting Goods

    Dick’s Sporting Goods sales up 50% from 2019

    With comps continuing their steady rise, the retailer “remains a very bright spot in a darkening retail sky.”

    By Nov. 23, 2022
  • Image attribution tooltip
    Joe Raedle/Getty Images via Getty Images

    Dollar Tree sales jump 8% as revamped retailer chases price-wary consumers

    The company has a new bench of leaders and has turned its attention to improving price gaps and its shabbier stores. 

    By Nov. 23, 2022
  • Best Buy announces new Outlet stores.
    Image attribution tooltip
    Courtesy of Best Buy

    Best Buy’s Q3 ‘less bad’ than feared even with sales and profit slumps

    Discounting is up, inventory is down and consumers are waiting to purchase gifts — it’s beginning to look a lot like pre-pandemic holidays at the retailer.

    By Nov. 22, 2022
  • Two golden Christmas tree balls on wood.
    Image attribution tooltip
    The image by Marco Verch is licensed under CC BY 2.0

    The holiday clues in October retail sales

    Consumers will be relying on credit cards, their savings and heavy discounts in what is shaping up to be an uncertain season for retailers.

    By Nov. 21, 2022
  • Hasbro looks to unload eOne entertainment studio

    The toy giant bought the business for $4 billion in 2019. It plans to retain some production capabilities to support projects around key brands.  

    By Nov. 21, 2022
  • Exterior photo of a Ralph Lauren storefront.
    Image attribution tooltip
    Cara Salpini/Retail Dive

    Luxury retailers power through despite strong dollar, shaky economy

    Wealthy consumers are shrugging off inflation and buying high-end goods at higher prices, but that could soften soon.

    By Nov. 21, 2022
  • Snoop Dogg crouches down next to a car, a dog, and a gold and silver dog bowl looking like a baller.
    Image attribution tooltip
    Courtesy of Snoop Doggie Doggs
    Column

    The Weekly Closeout: Snoop Dogg launches pet brand as athletics retailers jump into virtual goods

    "If my dogs ain't fresh I ain't fresh,” the artist said of his latest business. Meanwhile, Nike and Adidas made major metaverse moves.

    By Retail Dive Staff • Nov. 18, 2022
  • Amazon CEO Andy Jassy
    Image attribution tooltip
    Kevin Winter via Getty Images

    Amazon CEO signals more layoffs to come in 2023

    After announcing job cuts this week, Andy Jassy said the company would eliminate more roles, including in its team devoted to stores.

    By Nov. 18, 2022
  • A person wearing a camo jacket walks by a gray granite storefront that says "kids" in a blue square and "foot locker" in red letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    New chief Mary Dillon details plans to ‘simplify’ Foot Locker business, improve e-commerce

    As Dillon sets her strategy, the retailer will no longer expand into Japan and is winding down two European ventures.

    By Nov. 18, 2022
  • A diverse group of four people, wearing boots and khakis, sits on vintage suitcases in the desert.
    Image attribution tooltip
    Courtesy of Banana Republic

    Gap Inc. recovers in Q3 despite Yeezy debacle and heavy discounting

    The apparel retailer swung to a profit, and, in a surprise, its once-dormant Banana Republic label led the way.

    By Nov. 18, 2022
  • An exterior corner of a Macy's store.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    Macy’s maintains inventory discipline for a solid Q3

    The department store has plenty of fresh merchandise for the holidays, though inflation makes Q4 murky, executives said Thursday.

    By Nov. 17, 2022
  • A brown-brick facade with a white "Kohl's" sign decorates a cream-colored building and main entrance of a store, with small trees in the foreground.
    Image attribution tooltip
    Courtesy of Kohl's

    Kohl’s pulls guidance as it buckles up for discount-heavy holiday season

    The retailer’s profits and sales continued their slide in the third quarter. Now it is headed into the most important period without a CEO. 

    By Nov. 17, 2022
  • Casper storefront.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive

    Casper refinances debt with new $80M credit facility

    The funds will be used to retire another loan, as well as to support the capital needs of the business.

    By Nov. 17, 2022
  • Image attribution tooltip
    Alex Wong/Getty Images via Getty Images

    Home Depot, Lowe’s post strong Q3 results despite inflation

    The retailers are leaning on their pro customer segments as demand for DIY projects wanes and customers tighten their budgets.

    By Nov. 16, 2022
  • Exterior of new large format Target store featuring Drive Up service
    Image attribution tooltip
    Courtesy of Target

    Target’s profits tumble again, casting a shadow over the holidays

    Another disappointing quarter points to pressures on consumers, but some analysts also took the retailer to task for its performance.

    By Nov. 16, 2022
  • Models wearing red jackets, one above holding a black handbag with a chain, another below wearing sunglasses and purple pants, surround the name "Tom Ford" in white letters.
    Image attribution tooltip
    Courtesy of Tom Ford

    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 Nov. 16, 2022
  • ThredUp clean out envelope and box.
    Image attribution tooltip
    Courtesy of ThredUp

    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 Nov. 15, 2022
  • The curved banner of a Walmart store, the brand name in white letters and the characteristic yellow sunburst logo to the right, against a blue sky.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    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 Nov. 15, 2022