Financial News


  • A white brick Lululemon storefront in WIlliamsburg, Virginia
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    Dani James/Retail Dive
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    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 June 2, 2023
  • A black store banner reads "Victoria's Secret."
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    Daphne Howland/Retail Dive
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    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 June 2, 2023
  • An online shopper is sitting outside on the street and is ordering something on her mobile phone with a credit card in hand. Explore the Trendline
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    RgStudio via Getty Images
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    Trendline

    Retail 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
  • A Dr. Martens storefront on Abbot Kinney Boulevard in California.
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    Cara Salpini/Retail Dive
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    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 June 2, 2023
  • A Dollar General storefront at nighttime featuring the company's signature yellow and black sign
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    Courtesy of Dollar General
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    Dollar General cuts guidance, shareholders OK safety audit

    The retailer also plans to slow the opening pace of its PopShelf stores this year. 

    By June 1, 2023
  • Four birch trees to left of a light brick wall with a red star and a "Macy's" sign, with a small row of bushes in snow.
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    Daphne Howland/Retail Dive
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    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 June 1, 2023
  • External shot of a Williams Sonoma store.
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    Spencer Platt via Getty Images
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    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
  • Nordstrom New York
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    Daphne Howland/Retail Dive
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    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 June 1, 2023
  • A hand holds a bundle of herbs above a fiery double-decker grill with Meati Steaks and Cutlets with grill marks on the bottom left, asparagus on the bottom right, and a frying pan of stir fry and corn
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    Courtesy of Meati Foods
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    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
  • A hand holds a yellow paint roller on top of a tray with light blue paint
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    Courtesy of Clare
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    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 May 31, 2023
  • A Hoka storefront in Los Angeles
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    Cara Salpini/Retail Dive
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    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 May 30, 2023
  • Big Lots to remain open on Thanksgiving.
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    Courtesy of Big Lots
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    Big Lots reports ‘disappointing’ quarter, plans store leasebacks

    The retailer will also close four distribution centers and imposed a dividend suspension. 

    By 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
  • A sign that reads "try love buy" in front of a range of beauty displays at an Ulta Beauty shop-in-shop inside of a Target.
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    Cara Salpini/Retail Dive
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    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 May 26, 2023
  • A building with a pitched roof and "Athleta" in big block letters is seen at a slant from below.
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    Daphne Howland/Retail Dive
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    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 May 26, 2023
  • A dark blue van with the word "Geek" in large white letters is parked in a lot.
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    Daphne Howland/Retail Dive
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    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 May 25, 2023
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    Kendall Davis/Retail Dive
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    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
  • A Sephora at Kohl's location
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    Courtesy of Kohl's
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    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 May 24, 2023
  • The entrance to a store with the word "Express" repeated above each glass door.
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    Daphne Howland/Retail Dive
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    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 May 24, 2023
  • External shot of a Dick's Sporting Goods store.
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    Daphne Howland/Retail Dive
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    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 May 24, 2023
  • A group of people in custom suits stand in front of a red wall.
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    Courtesy of Indochino
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    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
  • Celebrity Ariana Grande poses with a beauty product while wearing a black outfit
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    Courtesy of R.e.m. Beauty
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    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 May 23, 2023
  • A white truck is parked in front of a Lowe's store on a clear, bright day.
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    Daphne Howland/Retail Dive
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    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 May 23, 2023
  • Sundry
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    Retrieved from Sundry on January 25, 2022
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    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 May 22, 2023
  • A group of Yeezy shoe products on a beige background.
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    Courtesy of Adidas
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    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 May 22, 2023
  • Exterior shot of The Container Store.
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    Courtesy of The Container Store
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    The Container Store announces layoffs

    The retailer employs over 5,000 people, but would not disclose the number of jobs impacted. 

    By May 22, 2023