Financial News


  • Three people walking down an asphalt path in formalwear.
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    Courtesy of Knot Standard
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    Billy Reid acquires Knot Standard’s DTC business

    As part of the deal, the fashion retailer will take over the DTC brand’s stores and start using its AI-based made-to-measure software in all its locations.

    By April 12, 2024
  • A Conn's storefront
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    Courtesy of Conn's
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    Conn’s swings to a profit in Q4 as annual losses grow

    Three months after acquiring a rival home goods retailer, Conn’s is focusing on consumer financing as a revenue driver.

    By April 12, 2024
  • 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 Rent the Runway subscriber searches the company's "closet in the cloud" on mobile.
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    Permission granted by Rent the Runway
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    Rent the Runway turns to resale, advertising in renewed growth push

    The apparel rental service beat expectations in Q4 and struck a note of confidence, saying its restructuring earlier this year wasn’t just about cuts.

    By April 11, 2024
  • A warm beige makeup bottle with a drawing of a cactus on it
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    Courtesy of The Honest Company
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    Jessica Alba to step down as chief creative officer of The Honest Company

    The founder, who remains a board member, moves on as the brand’s leadership says recent turnaround efforts are working.

    By April 10, 2024
  • A large department store building seen down the block, with a person seen standing in the foreground.
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    Daphne Howland/Retail Dive
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    Macy’s shakes up board, avoids proxy fight

    The department store has also opened its books to the real estate-minded investors who have bid $6.6 billion to take it over.

    By April 10, 2024
  • Exterior of an Allbirds store in Washington, D.C.'s Georgetown neighborhood
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    Caroline Jansen/Retail Dive
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    Allbirds receives delisting warning from Nasdaq

    The footwear brand’s stock traded at less than $1 for 30 consecutive days and the company has until Sept. 30 to regain compliance.

    By April 9, 2024
  • Mannequins and other store displays at a department store.
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    Courtesy of J.C. Penney
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    J.C. Penney shutters 50-year-old anchor, moves across the street

    The new location is at the Willowbrook Mall in New Jersey, which is owned by the department store’s co-owner, Brookfield Properties.

    By April 9, 2024
  • A 99 Cents Only storefront
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    Roger Hornback via Getty Images
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    99 Cents Only files for Chapter 11

    The bankruptcy filing comes just days after the discount retailer announced plans to liquidate and close all stores.

    By April 8, 2024
  • A Petco storefront. There is a white van parked outside and a person walking in the store.
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    Permission granted by Petco
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    Petco faces downgrades amid sales, profit and share declines

    Analysts from S&P Global Ratings and Bank of America said the pet retailer’s struggles are likely to continue this year and possibly into 2025.

    By April 8, 2024
  • 99 cents only store, 99 cents store, dollar store
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    (2007). Retrieved from Wikimedia Commons.
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    99 Cents Only to liquidate

    The company’s small footprint left it unable to compete with larger rivals in a tough macroeconomic environment, according to industry experts.

    By April 5, 2024
  • The exterior of Puma Studio LA
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    Courtesy of Puma
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    Column

    The Weekly Closeout: Puma plots design space in LA, Bank of America downgrades Figs

    The athletics brand said the studio will open in 2025, while spending pullbacks contributed to the scrubs brand’s recent negative rating.

    By Retail Dive Staff • April 5, 2024
  • A group of people wearing Dia & Co clothing.
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    Courtesy of FullBeauty Brands
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    FullBeauty Brands acquires plus marketplace Dia & Co.

    Within the past year the company also purchased Eloquii and Cuup, expanding its portfolio of plus and size-inclusive labels. 

    By Tatiana Walk-Morris • April 4, 2024
  • gavel and scales
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    sabthai via Getty Images
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    Shoes for Crews files for Chapter 11 bankruptcy

    The non-slip shoe company secured $30 million in debtor-in-possession financing and intends to sell the business.

    By April 4, 2024
  • Someone stands to left of a store window with a white neon sign that reads "The Levi's Tailor Shop San Francisco."
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    Daphne Howland/Retail Dive
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    Levi’s gains momentum as Beyoncé name-checks the brand on her new album

    Despite Q1 revenue declines and a net loss, the denim maker noted strength in the U.S., its largest market, and other reasons for optimism.

    By April 4, 2024
  • A person holding a bottle of Grown Alchemist's facial cleanser.
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    Courtesy of Grown Alchemist
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    L’Occitane sells Grown Alchemist 2 years after acquiring the brand

    André Hoffmann, L’Occitane Group’s former CEO and vice chairman, has bought a controlling majority stake in the skin care brand for 28 million euros.

    By April 3, 2024
  • Tupperware bowl full of fruit on a table.
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    Courtesy of Tupperware
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    Tupperware flags accounting strains in late 10-K notice

    The notice comes roughly five months after the brand said its former independent auditor PricewaterhouseCoopers declined to be re-appointed. 

    By Maura Webber Sadovi • April 2, 2024
  • A Quiksilver flag is stuck in the sand on a beach.
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    J.Sciulli/WireImage for Evolutionary Media Group via Getty Images
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    Boardriders to lay off more than 600 by the end of April

    The cuts include C-suite execs and bring the total affected in California to nearly 700 since the company was acquired by Authentic Brands Group.

    By Laurel Deppen • April 2, 2024
  • Photo of a Guess store
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Guess announces $200M share repurchase program

    The board also approved the restructuring of its debt — the third time the apparel retailer has taken such move in 12 months.

    By April 1, 2024
  • External storefront of a Lands' End.
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    Courtesy of Lands' End
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    Lands’ End lays off 10% of corporate workforce

    Most of those layoffs came in January, though some were the result of earlier changes to the retailer's sourcing organization.

    By March 29, 2024
  • A mall entrance to a clothing store named "Torrid."
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    Daphne Howland/Retail Dive
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    Despite last year’s declines, Torrid could grab more market share

    The plus-size leader faces ongoing reluctance to spend on discretionary goods, but has inventory control and other strengths on its side.

    By March 29, 2024
  • People, bikes and a food stand on a city corner.
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    Daphne Howland/Retail Dive
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    H&M Group plans to invest more in physical stores, including refurbishing 250 globally

    The fast-fashion company has been shuttering hundreds of locations and growing its e-commerce, but said the pace of closures will slow this year.

    By March 28, 2024
  • Woman online shopping on smart phone.
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    Oatawa via Getty Images
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    E-commerce deal count fell more than 50% in 2023: PitchBook

    Even as trends improved in the back half of the year, overall deal count and value fell last year compared to 2022.

    By Howard Ruben • March 27, 2024
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    Daphne Howland/Retail Dive
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    GameStop cuts undisclosed number of jobs as Q4, full-year sales fall

    As pressure mounts on the sector from declining hardware sales and rising streaming subscriptions, analysts question the retailer’s long-term survival.

    By March 27, 2024
  • Canada Goose storefront in Las Vegas.
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    Courtesy of Canada Goose
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    Canada Goose cuts corporate workforce by 17%, shakes up executive roles

    As part of a DTC focus, the brand said about a year ago that it would double its footprint within five years, but some analysts anticipate that slowing.

    By March 26, 2024
  • An Academy Sports and Outdoors storefront
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    Courtesy of Academy Sports and Outdoors
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    Academy Sports and Outdoors plans up to 180 store openings over the next five years

    The retailer said it sees a long-term potential to operate over 800 stores nationwide.

    By March 26, 2024