Financial News

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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Guess to close underperforming stores in North America

    The company’s Rag & Bone acquisition is driving revenue increases, but profits plunged in the holiday quarter.

    By • April 4, 2025
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    Daphne Howland/Retail Dive
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    Column

    The Weekly Closeout: Hudson’s Bay hunts for a buyer and tariffs hit apparel hard

    The department store is soliciting offers for part or all of its business. Meanwhile, one analyst said new tariffs put “all 2025 guidance at risk.”

    By Retail Dive Staff • April 4, 2025
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    Chip Somodevilla via Getty Images
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    Deep Dive

    Fashion industry reacts to sweeping tariff changes

    Experts say the new policies are likely to raise prices and weaken consumer confidence, and are unlikely to bring U.S. manufacturing back.

    By Lara Ewen • April 4, 2025
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    kali9 via Getty Images
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    NRF expects ‘slower trajectory for consumer spending’ in 2025 as tariffs fuel uncertainty, inflation fears

    Retail sales could grow 3.7% at best — or well under 3% — as many consumers reach the limits of their spending power, the trade group said.

    By • April 3, 2025
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    Daphne Howland/Retail Dive
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    Lululemon leans on newness to lure reluctant US customers

    This year the brand plans to expand its footprint by opening stores and enlarging existing locations, and will add new markets abroad.

    By • March 28, 2025
  • Aerial shot of Mattel's headquarters in California.
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    The image by Jelson25 is licensed under CC BY-SA 3.0
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    Column

    The Weekly Closeout: GameStop pays for CEO’s security, layoffs at Mattel

    The gaming retailer paid nearly $270,000 last year for Ryan Cohen’s executive security, while the toy company laid off 120 workers at its headquarters.

    By Retail Dive Staff • March 28, 2025
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    Nanci Santos via Getty Images
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    ‘Please, no hot sauce’: Shark Tank’s Kevin O’Leary on today’s retail startups

    In addition to the category he never wants to see again, O’Leary also highlighted a marketing channel he thinks all brands should be contemplating.

    By • March 27, 2025
  • Chewy, fulfillment center, conveyor belt
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    Permission granted by Chewy
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    Chewy subscriptions drive sales, market share gains

    The online pet retailer finished its fiscal year with increases in sales, profits, active customers and market share.

    By • March 27, 2025
  • Beyoncé stands next to stacked clothing dryers and wears a cowboy hat for a Levi's campaign
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    Courtesy of Levi's
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    Levi’s CEO: ‘If the wallet’s tighter, then we have to work harder’

    Pickier shoppers just means higher execution is needed from the denim brand, Michelle Gass said. But a little help from Beyoncé never hurts.

    By • March 27, 2025
  • A GameStop storefront
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    Daphne Howland/Retail Dive
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    GameStop to close ‘significant number’ of stores, invest in bitcoin

    The closures are on top of the company shuttering nearly 600 U.S. locations last year.

    By • March 27, 2025
  • A Family Dollar store in Moab, Utah.
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    Kaarin Vembar/Retail Dive
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    Dollar Tree sells Family Dollar for $1B

    A sale to private equity comes 10 years after Dollar Tree acquired its rival for $8.5 billion, a decade when the business has mostly dragged down results.

    By • March 26, 2025
  • Kim Kardashian's face is shown in a close-up with one hand to the side of her head.
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    Kim Kardashian for Skkn by Kim photographed by Mario Sorrenti

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    Coty sells stake in Kim Kardashian beauty brand Skkn to Skims

    Skims will unite its beauty and lifestyle ventures under one brand in a “pivotal” expansion for the shapewear brand. 

    By Tatiana Walk-Morris • March 25, 2025
  • White clouds dominate in otherwise bright blue sky, above a "BuyBuy Baby" store.
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    "BuyBuy Baby at South Edmonton Common" by Rowanlovescars is licensed under CC BY-SA 4.0
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    BuyBuy Baby to relaunch online in May

    The announcement comes nearly two months after Beyond acquired the baby retailer, reuniting it with its former owner Bed Bath & Beyond.

    By • March 25, 2025
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    Daphne Howland/Retail Dive
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    Designer Brands to open more DSW stores, refresh rewards program

    Over the holiday quarter, sales fell and losses widened, but comps rose for the first time in over two years.

    By Tatiana Walk-Morris • March 24, 2025
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    Feng Li via Getty Images
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    Nike focuses on rightsizing key footwear styles as sales plunge 9%

    Some analysts expected the retailer to take more drastic action on its oversold franchises, but CEO Elliott Hill still sees a place for the “beloved silhouettes.”

    By • March 21, 2025
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    Courtesy of Pura Vida
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    Column

    The Weekly Closeout: Vera Bradley sells Pura Vida and Edible Brands enters the hemp industry

    Vera Bradley will offload the bracelet brand two years after taking full ownership, and the Edible Arrangements company expands its horizons.

    By Retail Dive Staff • March 21, 2025
  • A Five Below storefront at dusk with a now open banner
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    Nate Delesline III/Retail Dive
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    Five Below names chief marketing officer, hints at ‘selective’ price adjustments

    Jacob Hawkins is joining the company from Forever 21 as the discount retailer is looking at its core price points.

    By • March 21, 2025
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    Bevan Goldswain via Getty Images
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    Resale’s popularity in the US could offer hedge against tariffs

    ThredUp’s chief strategy officer says preowned clothing sales are “effectively domesticating the supply chain.”

    By Lara Ewen • March 21, 2025
  • Best Buy expands delivery options.
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    Courtesy of Best Buy
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    What 25 retail leaders are saying about tariffs

    From price increase warnings to confidence that vendor relationships will help ride out the storm, here's how the retail C-suite plans to weather tariffs.

    By • March 19, 2025
  • A display features signage reading "In 1981 Guess changed the denim industry forever" and a display of denim jeans.
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    Stefania M. D'Alessandro via Getty Images
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    Guess receives offer to go private

    The offer came from an affiliate of WHP Global, which last year partnered with the denim brand to buy Rag & Bone.

    By Lara Ewen • March 19, 2025
  • Zulily's webpage
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    Courtesy of Zulily
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    Beyond sells majority stake in Zulily for $5M

    Lyons Trading Company, owner of off-price retailer Proozy, is acquiring the brand. It’s Zulily’s fourth owner in two years.

    By • March 18, 2025
  • People walk around in front of Saks Fifth Avenue and Hudson's Bay department stores.
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    "Hudson's Bay" by Jeff Hitchcock is licensed under CC BY 2.0
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    Hudson’s Bay plans to liquidate

    With no deal on deck, the iconic Canadian retailer will likely go out of business by June, shuttering all stores and laying off 9,000-plus employees.

    By • March 17, 2025
  • A Dormify display at The Container Store.
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    Courtesy of The Container Store
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    Retail’s home sector has yet to find steady ground

    The category experienced both highs and lows since the pandemic hit. But as sales start to tick up once again, retailers face new challenges.

    By • March 17, 2025
  • Purple's Rejuvenate mattress
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    Permission granted by Purple
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    Purple considers strategic alternatives

    Possible outcomes include a sale or merger. “One of the outcomes is we don’t do anything differently,” the company’s CEO said.

    By • March 17, 2025
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    Courtesy of Solo Brands
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    Solo Brands warns it could file for bankruptcy

    The company issued a going concern statement citing challenges related to liquidity and existing debt.

    By Howard Ruben • March 14, 2025