Financial News

  • On the brown tile floor of an indoor soccer pitch, a white scuffed up gear bag with the word PUMA sits behind a pair of blue and white soccer cleats. One cleat leans against a soccer ball.
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    Courtesy of Puma
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    Column

    The Weekly Closeout: Puma eyes ‘efficiency program,’ Adidas could cut jobs

    Puma wants to improve operations and cut costs in the name of profitability, while Adidas said its operating model is too complex.

    By Retail Dive Staff • Jan. 24, 2025
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    Courtesy of Walmart
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    Private label sales hit record in 2024

    Store brand sales increased nearly 4% to $271 billion, according to a new report from the Private Label Manufacturers Association.

    By Catherine Douglas Moran • Jan. 23, 2025
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    Permission granted by Books Inc.
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    Books Inc. files for Chapter 11

    The California-based retailer said the pandemic kicked off years of falling revenue and rising costs. It will close at least one store but stay in business.

    By • Jan. 23, 2025
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Vince Holding Corp. sells majority stake to P180, former CEO returns

    Brendan Hoffman, formerly of Wolverine World Wide, is returning to the top spot at Vince after holding the role from 2015 to 2020.

    By Laurel Deppen • Jan. 23, 2025
  • President Donald Trump addresses the press at the White House on Jan. 21, 2025.
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    Andrew Harnik via Getty Images
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    Trump eyes 10% China tariff hike by Feb. 1

    The president floated a similar timeline for 25% tariffs on Canada and Mexico.

    By Philip Neuffer • Jan. 23, 2025
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    Courtesy of Walmart
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    Walmart invests in automation as it sells robotics arm

    The retail giant will fund the buildout of more than 400 accelerated pickup and delivery centers as part of its agreement with Symbotic.

    By Philip Neuffer • Jan. 22, 2025
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    Courtesy of Adidas
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    Adidas sales surge 24% in preliminary Q4 results

    For the full year revenue was also up double-digits, though CEO Bjørn Gulden said the brand is “not yet where we want to be long term.”

    By • Jan. 22, 2025
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    9 brands to watch in 2025

    From skin care companies like Prequel and Dieux to footwear brand Kizik, these retailers are separating themselves from the rest.

    By • Updated Jan. 21, 2025
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    shutterstock.com/fizkes

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    Sponsored by Checkr

    Retail hiring redefined: Strategic insights from HR leaders

    What’s top of mind for HR leaders as they drive retail’s evolution in 2025? Explore key insights.

    Jan. 21, 2025
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    Permission granted by SC Ports/Marion Bull
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    Tariffs may add to ‘a toxic brew for consumers’

    Retailers and consumers will feel added pressure if proposed tariffs are implemented, industry analysts and experts told Retail Dive.

    By • Jan. 17, 2025
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    Daphne Howland/Retail Dive
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    Column

    The Weekly Closeout: Foot Locker taps Sonia Syngal for board and New Balance sales hit a record

    Also joining the footwear retailer’s board is Ace Hardware CEO John Venhuizen. Meanwhile, New Balance landed $7.8 billion in global sales last year.

    By Retail Dive Staff • Jan. 17, 2025
  • A Target storefront with the company's signature red color scheme and bullseye logo
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    Courtesy of Target
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    Target taps new execs to lead store and digital teams

    Two longtime company veterans are retiring as part of the changes, which came as the retailer reported encouraging sales growth in the holiday season.

    By • Jan. 16, 2025
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    Daphne Howland/Retail Dive
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    Joann files for bankruptcy for the second time in a year

    The crafts retailer was forced back into Chapter 11 by the wider retail environment and its own financial and inventory woes, the company said.

    By • Jan. 15, 2025
  • The letters spelling out "Nordstrom" in capital letters create shadows on the brick facade of a store.
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    "Nordstrom - Oak Park Mall" by Mike Kalasnik is licensed under CC BY-SA 2.0
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    Nordstrom raises 2024 guidance following holiday boost

    Despite concerns going into the holiday season, the company’s namesake banner and Nordstrom Rack both reported sales and comps growth.

    By Tatiana Walk-Morris • Jan. 15, 2025
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    Daphne Howland/Retail Dive
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    Macy’s doubles down on its ‘three-brand portfolio’

    CEO Tony Spring said that Macy’s, Bloomingdale’s and Bluemercury are stronger together thanks to back-end synergies.

    By • Jan. 14, 2025
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    Yujin Kim/Retail Dive
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    These retailers could file for bankruptcy in 2025

    From At Home to Guitar Center, here’s who’s most at risk in the year ahead.

    By • Updated Jan. 18, 2025
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    "Reebok at Vaughan Mills" by Raysonho is licensed under CC BY 1.0
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    Reebok’s US operations acquired by Galaxy Universal

    Under new ownership, the company plans to open more full-price or experiential stores, according to a Reebok executive. 

    By • Jan. 13, 2025
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    Permission granted by Big Lots
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    Column

    The Weekly Closeout: Ulta’s future and Big Lots’ store-saving deal

    The beauty retailer named a new CEO while Big Lots closed on a sale agreement that will enable it to keep hundreds of stores open.

    By Retail Dive Staff • Jan. 10, 2025
  • A stack of True Religion jeans for sale at a storefront.
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    John Shearer/WireImage for HollyRod Foundation via Getty Images
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    Private equity firm buys controlling stake in True Religion

    The deal with Acon Investments comes as the denim brand looks to diversify its product offering and expand its reach.

    By Laurel Deppen • Jan. 10, 2025
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    Bryan Bedder via Getty Images
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    Consortium Brand Partners acquires Jonathan Adler

    This is the private equity firm’s third acquisition in 18 months, following previously announced deals with Draper James and Outdoor Voices.

    By Lara Ewen • Jan. 9, 2025
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    Courtesy of Instacart
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    Holiday e-commerce hits a record as shoppers choose phones over stores

    Consumers sought out deals but inflation didn’t really tamp down demand during the season, according to the latest figures from Adobe Analytics.

    By • Jan. 8, 2025
  • A person wearing jeans and a sweater holds a credit card over a laptop, with a blurry holiday tree in the background.
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    stock photo via Getty Images
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    Over a third of consumers took on debt this holiday season

    By generation, millennials took on the most, while baby boomers took on the least, according to a recent LendingTree survey.

    By Howard Ruben • Jan. 6, 2025
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    fizkes via Getty Images
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    US retail sales rose 3.8% this holiday season

    Consumers were motivated by deals with last-minute purchases accounting for 10% of all holiday spending, per Mastercard.

    By • Jan. 6, 2025
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    Courtesy of Laura Ashley
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    Marquee Brands acquires Laura Ashley

    With the addition of the U.K.-based lifestyle company, Marquee’s brand portfolio will exceed $4 billion in retail sales.

    By Lara Ewen • Jan. 6, 2025
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    Courtesy of Vera Bradley
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    Column

    The Weekly Closeout: Vera Bradley urged to sell and Fleet Feet makes an acquisition

    Fund 1 Investments in a letter pushed the accessories brand to consider strategic alternatives, while the footwear retailer bought South Sound Running.

    By Retail Dive Staff • Jan. 3, 2025