Financial News
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Dani James/Retail Dive
Lululemon rides 60% international growth to $2B quarter
Greater China in particular grew 79%, and the region will account for the majority of international store openings planned for the year.
By Cara Salpini • June 2, 2023 -
Daphne Howland/Retail Dive
Victoria’s Secret prepares to relaunch Pink following challenging Q1
Sales in North America were “more promotional than planned,” according to CEO Martin Waters.
By Kaarin Vembar • June 2, 2023 -
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RgStudio via Getty Images
TrendlineRetail Dive's DTC outlook for 2023
A look at DTC trends and predictions for what direct-to-consumer brands can expect in the year ahead.
By Retail Dive staff -
Cara Salpini/Retail Dive
Dr. Martens reaches revenue milestone while sales in the Americas disappoint
The footwear company attributed its struggle in the region to a poor transition of distribution centers and its marketing campaigns.
By Dani James • June 2, 2023 -
Courtesy of Dollar General
Dollar General cuts guidance, shareholders OK safety audit
The retailer also plans to slow the opening pace of its PopShelf stores this year.
By Nate Delesline III • June 1, 2023 -
Daphne Howland/Retail Dive
Macy’s slashes outlook after weak Q1
The department store has fared worse this year than it expected, and is bracing for customers to continue to pull back in coming months.
By Daphne Howland • June 1, 2023 -
Spencer Platt via Getty Images
Higher shipping costs keep biting into Williams-Sonoma’s earnings
The retailer has shipped from out-of-market distribution centers and made multiple deliveries for multi-unit products in order to reach customers quicker.
By Max Garland • June 1, 2023 -
Daphne Howland/Retail Dive
Nordstrom gains steam in Q1, especially in off-price
After a soft start to the quarter, sales gained momentum in April, thanks in large part to merchandise improvements at Rack, executives said Wednesday.
By Daphne Howland • June 1, 2023 -
Courtesy of Meati Foods
VC funding for food and beverage plunging amid challenging environment, data shows
Over the last four quarters, the amount raised and the number of deals have fallen significantly compared to the prior year, according to PitchBook.
By Christopher Doering • May 31, 2023 -
Courtesy of Clare
DTC paint brand Clare to raise prices
The cost of a gallon of paint will increase by an average of 8% as the company faces “outsized inflation,” CEO Nicole Gibbons said in an email to customers.
By Dani James • May 31, 2023 -
Cara Salpini/Retail Dive
Hoka to hit $2B in sales as DTC channel grows
The athletic footwear brand reported its fourth consecutive year of revenue growth above 50%, according to Deckers CEO Dave Powers.
By Dani James • May 30, 2023 -
Courtesy of Big Lots
Big Lots reports ‘disappointing’ quarter, plans store leasebacks
The retailer will also close four distribution centers and imposed a dividend suspension.
By Nate Delesline III • May 30, 2023 -
Column
The Weekly Closeout: Dollar Tree margins pressured by inflation, Tuesday Morning IP up for sale
The dollar chain is seeing a pullback on discretionary purchases, while Hilco Streambank seeks a buyer for the discount home retailer’s assets.
By Retail Dive Staff • May 26, 2023 -
Cara Salpini/Retail Dive
Ulta to put fragrance behind locked cabinets in 70% of stores thanks to increased theft
The beauty retailer, with Q1 sales growth topping 12%, said it’s investing in security guards and police presence in parking lots to deter crime.
By Cara Salpini • May 26, 2023 -
Daphne Howland/Retail Dive
Gap Inc. losses shrink in Q1 as sales continue to slide
Major cost cuts, including the elimination of some 2,300 jobs in recent months, are helping stabilize the bottom line.
By Daphne Howland • May 26, 2023 -
Daphne Howland/Retail Dive
Best Buy CEO: ‘2023 will be the bottom’ for falling electronics sales
Profits and revenue declined in Q1, driven by falling computer, appliance, home theater and mobile phone sales, executives said Thursday.
By Daphne Howland • May 25, 2023 -
Kendall Davis/Retail Dive
Podcast
The Backroom: How the consumer is doing so far this year
Discretionary goods are a low priority amid an uncertain economy and a desire to spend on experiences, but retailers are holding their own. What about the rest of 2023?
By Retail Dive Staff • May 25, 2023 -
Courtesy of Kohl's
Citing progress in Q1, Kohl’s will open new stores, avoid closures
The department store is working on its turnaround this year, leaning heavily on its Sephora partnership to drive sales and traffic.
By Daphne Howland • May 24, 2023 -
Daphne Howland/Retail Dive
Express closes on Bonobos acquisition as sales fall 15%
The apparel retailer has hired advisers to help it cut costs as losses pile up.
By Nate Delesline III • May 24, 2023 -
Daphne Howland/Retail Dive
Dick’s plans 9 House of Sport stores in 2023 as sales rise 5.3%
Unlike Foot Locker, the sporting goods retailer said its consumer is holding up well as it reaffirmed its full-year outlook.
By Cara Salpini • May 24, 2023 -
Courtesy of Indochino
Indochino saw ‘record setting’ revenue in Q1
The privately held DTC brand attributed the sales to its expanded women’s offering, diversified partnerships and strong shop-in-shop execution.
By Howard Ruben • Updated May 25, 2023 -
Courtesy of R.e.m. Beauty
Ariana Grande’s R.e.m. Beauty receives investment from Sandbridge Capital
The makeup company hopes to optimize its “global potential.” The celebrity bought back the brand's assets in February.
By Dani James • May 23, 2023 -
Daphne Howland/Retail Dive
Lowe’s lowers full-year guidance as DIY spending softens in Q1
Despite near-term economic pressures, the home improvement chain said it has a generally positive long-term outlook.
By Nate Delesline III • May 23, 2023 -
Retrieved from Sundry on January 25, 2022
Digital Brands Group sees potential for 50 retail stores
Thanks mostly to its acquisition of women's apparel brand Sundry, the direct-to-consumer company reported a net revenue increase of 48% in Q1.
By Dani James • May 22, 2023 -
Courtesy of Adidas
Adidas to resume selling Yeezy products at the end of May
It’s the first time the products have been up for sale since Adidas broke ties with Kanye West, also known as Ye, in October.
By Cara Salpini • May 22, 2023 -
Courtesy of The Container Store
The Container Store announces layoffs
The retailer employs over 5,000 people, but would not disclose the number of jobs impacted.
By Kaarin Vembar • May 22, 2023
