Gap Inc. turns a corner as all brands notch gains in Q1

Under CEO Richard Dickson, who arrived last August, the apparel retailer is working to improve operational efficiencies as well as brand storytelling.

By Daphne Howland • May 31, 2024

The Weekly Closeout: Best Buy sales fall 6.5% and Sierra hits 100 stores

The electronics retailer continues to face pressure in its core segment, while T.J. Maxx’s outdoors-focused sibling eyes more growth ahead.

By Retail Dive Staff • May 31, 2024

Explore the 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

Ulta cuts guidance as it loses share in prestige beauty

The beauty retailer said 1,000 new points of distribution in the category have opened in the past two years, a possible nod to Kohl’s Sephora tie-up.

By Cara Salpini • May 31, 2024

Nordstrom Rack continues to overshadow the department store in Q1

Both banners enjoyed sales increases, though margins were challenged by shrink caused by theft in its transportation network.

By Daphne Howland • May 31, 2024

Dollar General to eliminate ‘vast majority’ of self-checkout, reduce new store openings

Despite a 6% Q1 net sales rise and performance that beat analyst expectations, shrink remains a significant headwind, CEO says.

By Nate Delesline III • May 31, 2024

Birkenstock logs record Q2 revenue increase of 22%

In its second earnings report since becoming a publicly traded company, the Germany-based footwear giant raised its outlook after gains in the quarter.

By Laurel Deppen • May 31, 2024

Foot Locker: ‘I think it’s fair to say Nike’s going back on offense’

The retailer, which saw sales fall nearly 3% in Q1, teased a return to growth with Nike later this year and expressed excitement about upcoming innovation.

By Cara Salpini • May 30, 2024

Kohl’s touts progress in Q1 despite sales declines, loss

Aside from some merchandising improvements, the department store isn’t revamping its stores. Some analysts say that’s a mistake.

By Daphne Howland • May 30, 2024

Chewy posts 3.1% sales gain in Q1, announces $500M share repurchase program

The online pet retailer boosted its profits during the quarter even as its active customer base continues to shrink.

By Caroline Jansen • May 29, 2024

Abercrombie & Fitch Co. sets a record with billion-dollar Q1

The retailer is considering more brand extensions as one way to maintain its momentum.

By Daphne Howland • May 29, 2024

Private equity firm acquires majority stake in Feat Clothing

Co-founder Taylor Offer will step down as CEO while the remainder of Feat Clothing’s team will stay in place.

By Howard Ruben • May 29, 2024

Dick’s Sporting Goods is taking share ‘across the board’ as sales stay strong

As it expands House of Sport, openings of the experiential format at local malls are driving meaningful traffic growth to those shopping centers.

By Cara Salpini • May 29, 2024

GameStop raises $933M from stock sale

The funds could go toward acquisitions or investments, which may be important as its core business shrinks.

By Nate Delesline III • May 28, 2024

Margins balloon at Deckers as Hoka takes off

The running shoe line and sister brand Ugg lead a footwear portfolio that Wedbush calls “one of the fundamentally strongest names in our coverage.”

By Daphne Howland • May 28, 2024

Walmart and Capital One break up

The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.

By Lynne Marek • May 28, 2024

The Weekly Closeout: E.l.f. Beauty reports $1B in net sales and Wayfair opens its first large-format store

The cosmetics brand increased sales 77% year over year, while the DTC furniture company debuted a store in Wilmette, Illinois. 

By Retail Dive Staff • May 24, 2024

VF names new CFO, still feels revenue slump as it considers selling assets

The declining performance of the Vans brand continued to weigh on the apparel and footwear conglomerate’s Q4 earnings despite various transformation programs.

By Laurel Deppen • May 24, 2024

Peloton refinances debt as financial challenges persist

The struggling fitness brand is issuing new notes to pay off debt with a closer maturity date, just weeks after losing its CEO and laying off employees.

By Suzette Parmley • May 23, 2024

Target Q1 sales drop 3%

The retailer is losing ground in grocery and household items as customers shop for less elsewhere, according to analysts.

By Nate Delesline III • May 22, 2024

Lowe’s beats expectations despite soft Q1

Net sales at the home improvement retailer fell over 4% in part because of a decline in big-ticket DIY spending.

By Nate Delesline III • May 21, 2024

A glimpse into a future Macy’s

The department store has provided financial metrics for the fleet of stores that will survive a massive downsizing over the next three years.

By Daphne Howland • May 21, 2024

Coach scraps its copyright infringement lawsuit against Gap

The complaint, filed last month, focused on the use of the word “coach” on Old Navy T-shirts.

By Laurel Deppen • May 21, 2024

Dick’s Sporting Goods employee connected to SEC insider trading charges

A data analytics employee communicated nonpublic information about the company to Frank Poerio, who was charged with insider trading that netted over $800,000.

By Kaarin Vembar • May 20, 2024

Canada Goose yanks long-term targets, names creative director

The brand has slowed its store expansion and paused its five-year plan to focus on “doing fewer things really, really well,” CEO Dani Reiss said Thursday.

By Daphne Howland • May 17, 2024

GameStop expects Q1 revenue drop

The company is also looking to sell up to 45 million shares in an attempt to cash in again on its meme stock status.

By Nate Delesline III • May 17, 2024