Financial News
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Momofuku Goods raises $17.5M
The pantry essentials brand was spun off from Momofuku in 2020 and will use the funding to grow its product offerings in an increasingly competitive field.
By Dani James • March 23, 2023 -
Ollie’s aims to grow footprint to over 1,000 stores
By fiscal 2024, the closeout retailer plans to expand its distribution center network to support 700 stores.
By Nate Delesline III • March 23, 2023 -
Explore the Trendline➔
RgStudio via Getty ImagesTrendlineRetail 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 -
Chewy plots international expansion
The online pet retailer is planning its first venture outside of the U.S. over the next few quarters, executives said Wednesday.
By Caroline Jansen • March 23, 2023 -
L’Oréal takes a step toward more sustainable ingredients with investment in Geno-led venture
The beauty giant joins Unilever as a founding investor in the venture, which aims to develop alternatives to frequently used ingredients.
By Xanayra Marin-Lopez • March 23, 2023 -
US retail sector leads corporate defaults: S&P Global
Retail faces continuing challenges with logistics, labor and supplier cost inflation, which is squeezing margins, as consumers pull back.
By Nate Delesline III • March 22, 2023 -
Petco adds 1M customers in 2022
The retailer is leaning into its health and wellness offerings, introducing a pet food subscription service in partnership with Freshpet.
By Caroline Jansen • March 22, 2023 -
GameStop posts first quarterly profit in two years
CEO Matt Furlong said the company will continue cost cutting and cost containment to help sustain profitability.
By Nate Delesline III • March 22, 2023 -
Nike touts ‘tremendous progress’ on inventory as sales grow 14%
Much of the retailer’s recent revenue surge has been driven by markdowns, analysts said, and inventory is still up 16% year over year.
By Cara Salpini • March 22, 2023 -
DSW parent undergoes layoffs as the company ‘pares back every line of spending possible’
Designer Brands is actively working to cut back, even as it builds out its owned brand strategy.
By Kaarin Vembar • March 22, 2023 -
The Vitamin Shoppe owner gets buyout offer topping $1B
Franchise Group’s management in January had reportedly considered taking the company private themselves for a similar price.
By Daphne Howland • March 21, 2023 -
On reports a profitable year with DTC, wholesale growth
The brand saw net sales increase by 91.9% in its fourth quarter, and it will be expanding into tennis while it grows its focus on running.
By Dani James • March 21, 2023 -
Bed Bath & Beyond proposes reverse stock split
The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.”
By Nate Delesline III • March 20, 2023 -
Foot Locker to shutter 400 mall-based stores by 2026
As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.
By Cara Salpini • March 20, 2023 -
Virtual clothing platform DressX raises $15M
Founded in 2020, the metaverse fashion company sells its digital clothing on marketplace platforms like Roblox, Meta and others.
By Xanayra Marin-Lopez • March 20, 2023 -
Mattel CFO sees movie tie-in boosting Barbie sales
The toymaker had a tough 2022, but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.
By Chris Gaetano • March 20, 2023 -
Ironic totes help deliver L.L. Bean’s second-best revenue year
The Maine outdoor retailer, best known for its iconic boots, plans to expand inclusive sizing after seeing sales rise 15% in that segment.
By Daphne Howland • March 17, 2023 -
Purple sets sights on premium customer
Helped by its September acquisition of Intellibed, the DTC brand is positioning itself within the higher-end mattress market.
By Caroline Jansen • March 17, 2023 -
Dollar General to spend $100M on staffing and stores
The retailer plans to sustain its store opening momentum, with more than 1,000 new locations planned this year.
By Nate Delesline III • March 17, 2023 -
The Honest Company to raise prices amid growing losses
The brand saw its Q4 net loss increase by about 40% year over year and it projects fiscal 2023 revenue to be flat with 2022.
By Dani James • March 17, 2023 -
Kohl’s marketplace gives Lands’ End a much-needed boost
Amid a raft of declines, revenue from third-party sellers was up year over year, and the brand will soon add Macy’s marketplace to the roster.
By Daphne Howland • March 16, 2023 -
Five Below to expand higher-priced Five Beyond concept to 400 stores
The retailer will also open 200 locations this year as it looks to expand its shop-in-shop of products over $6.
By Nate Delesline III • March 16, 2023 -
Grove Collaborative launches wellness hub to fuel growth
CEO Stuart Landesberg spoke with Retail Dive about the creation of Grove Wellness and how it will support the company’s product innovation.
By Dani James • March 15, 2023 -
J. Jill aims to grow store footprint, eventually
The apparel retailer ended the year with fewer stores and may close more, but it ultimately aims to “grow this important channel,” executives said.
By Daphne Howland • March 14, 2023 -
‘An existential threat’: Brands react to Silicon Valley Bank’s collapse
SVB was closed on Friday and taken over by federal regulators, leaving some brands in the dark about how they would access their capital.
By Dani James • March 13, 2023 -
Joann shores up liquidity ahead of Q4 report
The crafts retailer, which made Retail Dive’s bankruptcy watchlist last year, has seen sales fall and costs rise after a pandemic boom.
By Daphne Howland • March 13, 2023