Financial News

  • Lowe's hardware, home improvement
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    Courtesy of Lowe's
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    Lowe’s reaffirms full-year guidance despite Q1 sales dip

    The home improvement retailer saw comparable sales slide during Q1, partially due to unfavorable weather in the first half of the quarter.

    By • May 21, 2025
  • A Target store in downtown Chicago
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    Kaarin Moore/Retail Dive
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    Target’s Q1 earnings disappoint amid battle with tariffs, consumer backlash

    The mass retailer lowered its guidance for the full year, announced the departure of multiple executives and launched a new strategic office in an effort to combat sales declines.

    By Dani James • May 21, 2025
  • A display window below a blank banner that reads "Victoria's Secret" and contains three photos: A closeup portrait of a person's face, a perfume bottle, and a zoomed out portrait of the person.
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    Daphne Howland/Retail Dive
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    Victoria’s Secret adopts poison pill to halt hostile takeover

    The maneuver is in response to the “substantial accumulation” of shares by investment firm BBRC International, which just launched its own lingerie brand.

    By • May 21, 2025
  • Pedestrians enter a storefront.
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    Ethan Swope via Getty Images
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    Birkenstock eyes global price increase to mitigate tariffs

    A single-digit price increase is expected, but the company may capture market share in the meantime.

    By Howard Ruben • May 20, 2025
  • Two people pose in T-shirts in front of a light grey background.
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    Courtesy of Richer Poorer
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    Andie acquires Richer Poorer

    In its first acquisition, the DTC swimwear brand snapped up the California-based casual apparel company previously owned by Francesca’s.

    By Howard Ruben • May 20, 2025
  • Dockers' signature products of khakis and chinos.
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    Courtesy of Authentic
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    Levi’s to sell Dockers to Authentic Brands Group for $311M

    The jeans company is selling off the khakis brand to focus on its core labels. 

    By • May 20, 2025
  • A person walks through an aisle within a Home Depot store.
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    Brandon Bell via Getty Images
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    Home Depot doesn’t plan to raise prices despite tariffs

    The announcement came as the home improvement retailer posted a 9.4% sales gain in Q1 and reaffirmed its full-year guidance.

    By • May 20, 2025
  • President Donald Trump speaks at the presidential palace of the United Arab Emirates, on May 16, 2025, in Abu Dhabi.
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    Win McNamee via Getty Images
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    US signals reciprocal tariffs will return for some countries

    The White House will alert countries of their specific rates in the next two to three weeks, President Donald Trump said Friday.

    By Philip Neuffer • May 20, 2025
  • A stack of $20 U.S. bills lay on top of a scattering of more $20 bills.
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    Maksym Kapliuk via Getty Images
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    Inflation expected to surge to 7.3% in a year, fueled by tariff worry

    Consumer sentiment has slumped this year even as recent “hard data” reveal stable prices and robust hiring.

    By Jim Tyson • May 19, 2025
  • Fossil "Made For This" campaign from September 2023
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    Courtesy of Fossil
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    Fossil’s DTC business drags down sales in Q1

    The accessories brand has been working to reduce its footprint, closing 28 stores in the first quarter as part of its plan to shutter 50 locations this year.

    By Tatiana Walk-Morris • May 19, 2025
  • A pharmacy storefront against a bright blue sky with puffy white clouds.
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    "Rite Aid Pharmacy, Brookfield, Connecticut" by Mike Mozart is licensed under CC BY 2.0
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    Rite Aid sells upwards of 1K stores to CVS, Walgreens, others

    CVS Health is one of the largest buyers, snapping up prescription files from hundreds of stores and fully acquiring 64 locations.

    By Rebecca Pifer • May 16, 2025
  • A person goes live on TikTok for QVC Group
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    Courtesy of QVC Group
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    QVC Group plans reverse stock split, voluntary delisting

    As a result of the reverse stock split, the company doesn’t expect it will meet the continued listing requirements of the Nasdaq Capital Market.

    By • May 16, 2025
  • Closeup of an entrance to a department store.
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    Permission granted by Liza Amlani, Retail Strategy Group
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    Hudson’s Bay to sell IP to Canadian Tire Corp. for over $21M

    CTC views the move as “patriotic” and has bid on several of the iconic retailer’s leases.

    By Dani James • May 16, 2025
  • A rendering of Wayfair's large-format store in Yonkers, New York.
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    Courtesy of Wayfair
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    Column

    The Weekly Closeout: Kohl’s plans to refinance, Wayfair expands large-format concept

    The department store intends to refinance with a $360 million offering of new senior secured notes, while the home goods retailer said another larger store is on the horizon.

    By Retail Dive Staff • May 16, 2025
  • External shot of a Dick's Sporting Goods store.
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    Daphne Howland/Retail Dive
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    Dick’s to acquire Foot Locker in $2.4B deal

    Analysts are not sold on the deal, which adds a struggling retailer to Dick's strong portfolio, but executives expressed confidence they could turn Foot Locker around.

    By • May 15, 2025
  • Walmart announces Carrier Pickup by FedEx.
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    Courtesy of Walmart
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    Walmart CEO: ‘Higher tariffs will result in higher prices’

    The big-box retailer vows to keep those prices as low as possible and is leaning into relationships with vendors to respond to a fluctuating market.

    By • May 15, 2025
  • Touchland hand sanitizers in various colors laid out in rows
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    Courtesy of Touchland
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    Church & Dwight acquires Touchland for $880M

    The hand sanitizer brand, founded in 2018, has expanded its distribution to major retailers including Target, Ulta and Urban Outfitters.

    By Howard Ruben • May 14, 2025
  • An American Eagle storefront at a mall
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    Cara Salpini/Retail Dive
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    American Eagle Outfitters pulls guidance, writes down $75M in inventory

    The preliminary Q1 results also revealed a 5% revenue decline and steep operating losses.

    By Dani James • May 14, 2025
  • Person in athletic gray shorts and tights holds a dumbell weight while looking at TV
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    Courtesy of Peloton
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    Peloton revenue slides 13% in Q3

    Still, executives touted that the connected fitness company performed above the high end of its guidance range as it narrowed losses in the period.

    By • May 14, 2025
  • A interior of a clothing store shoes mannequins wearing women's clothing against neutral-colored walls
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    Retrieved from Vince on May 13, 2025
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    Vince faces potential delisting

    The New York Stock Exchange said the company’s market cap and stockholders’ equity had dropped below continued listing standards.

    By Lara Ewen • May 14, 2025
  • Inside of a Walmart distribution center
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    Courtesy of Walmart
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    Walmart touts savings from continued automation efforts

    The retailer predicts it will slash costs by more than 30% at its high-tech facilities by year's end, one executive said. 

    By Philip Neuffer • May 14, 2025
  • The interior of an Under Armour store in Houston, Texas.
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    Brandon Bell via Getty Images
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    Under Armour nears the end of SKU reduction, turns focus to premium products

    The athletics retailer hopes to position its assortment as a higher-end offering, including through a $140 backpack.

    By • May 13, 2025
  • Two people running in On Cloudneo shoes
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    Courtesy of On
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    On is raising some prices, but it isn’t because of tariffs

    The athletics company saw net sales increase 43% and plans to increase pricing to further differentiate itself as a premium brand in the market.

    By Dani James • May 13, 2025
  • A Bed Bath & Beyond label scar is seen on a beige storefront with a blue sky.
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    Nate Delesline III/Retail Dive
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    Beyond to acquire Kirkland’s IP for $5M — and plans to license it back

    Kirkland’s will run stores for both retailers while Beyond will be able to appoint directors to Kirkland’s board.

    By Dani James • May 12, 2025
  • A person goes live on TikTok for QVC Group
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    Courtesy of QVC Group
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    QVC CEO: Our consumers are ‘heavily distracted by current events’

    The company, which is working to become a live social shopping company, reported a 10% revenue drop in Q1 and swung to a loss. 

    By • May 12, 2025