Financial News: Page 14
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Daphne Howland/Retail Dive
Beyond ‘remains in the red’ as it prepares to relaunch Zulily
The company said it hit its Q2 revenue target and improved its bottom line, but sales are in decline.
By Nate Delesline III • July 30, 2024 -
Brandon Bell via Getty Images
Skechers reports 7% sales increase in another record quarter
The company saw a significant increase in regional DTC sales for Europe, the Middle East and Africa and authorized a $1 billion share repurchase program.
By Lara Ewen • July 29, 2024 -
Cara Salpini/Retail Dive
Hoka leads Deckers to 22% growth in Q1
The running brand surged 30% in the quarter thanks to strength in the DTC channel and robust sell-through of new styles.
By Nate Delesline III • July 26, 2024 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Nike and Journeys make C-suite appointments
The athletics brand named Cheryan Jacob as chief information officer, while the footwear retailer appointed Stacy Doren as its marketing chief.
By Retail Dive Staff • July 26, 2024 -
Courtesy of Hasbro
Hasbro revenue falls 18% as profits improve
The toy manufacturer, which is reportedly considering a takeover of rival Mattel, said sales fell 6% excluding the sale of its eOne film and TV unit.
By Nate Delesline III • July 25, 2024 -
Kendall Davis/Retail Dive
Podcast
The Backroom: All of a sudden, a lot is happening at department stores
The team discusses a barrage of news from several players in a retail space that has been written off many times.
By Retail Dive Staff • July 25, 2024 -
Courtesy of Mattel
Mattel will lean on retailers to boost holiday sales
The toy maker said it will be gaining shelf space in stores, and headed off questions about takeover rumors.
By Daphne Howland • July 24, 2024 -
Courtesy of American Exchange Group
American Exchange Group acquires Indie Lee
The Aerosoles owner plans to grow the brand beyond skin care, as well as explore diffusion brands through licensing and brand expansion.
By Howard Ruben • July 24, 2024 -
Kaarin Vembar/Retail Dive
Belk shrinks debt load by nearly $1B
The Southern department store is also collecting about $485 million in new financing, and some of its lenders will have controlling stakes.
By Daphne Howland • July 23, 2024 -
Courtesy of Walgreens
S&P Global Ratings downgrades Walgreens, citing struggles in both pharmacy and retail
The drugstore retailer faces debt maturities, and the upending of some strategies introduces new uncertainties, analysts said.
By Daphne Howland • July 22, 2024 -
ValuaVitaly via Getty Images
Makeup brand Seint to change its business model
The company is transitioning from direct selling to an affiliate commission structure and will no longer provide compensation to its sellers for recruiting efforts.
By Kaarin Moore • July 22, 2024 -
The image by cchana is licensed under CC BY-SA 2.0
ColumnThe Weekly Closeout: What the Supreme sale means for VF’s debt and Mango posts ‘record’ first half
The recent sale could spell good news for the apparel company’s upcoming maturities. Meanwhile, Mango plots expansion.
By Retail Dive Staff • July 19, 2024 -
Courtesy of Amazon
Shoppers find better deals this year as Prime Day fuels record $14.2B across e-commerce
Consumers avoided big-ticket purchases, but steep discounts drew in back-to-school shoppers and others — and not just at Amazon.
By Daphne Howland • July 18, 2024 -
The image by cchana is licensed under CC BY-SA 2.0
VF sells Supreme for $1.5B
Luxury eyewear company EssilorLuxottica agreed to buy the brand, and the deal is expected to close at the end of the year.
By Laurel Deppen • July 18, 2024 -
Courtesy of Five Below
Five Below CEO Joel Anderson resigns
The executive left “to pursue other interests” and will be replaced by COO Ken Bull in the interim. The discount retailer also cut its Q2 guidance.
By Nate Delesline III • July 17, 2024 -
Spencer Platt via Getty Images
Adidas raises guidance again as Q2 sales surge 9%
Even without Yeezy, the activewear giant’s sales are trending strongly in the right direction as styles like the Samba gain renewed steam.
By Cara Salpini • July 17, 2024 -
Daphne Howland/Retail Dive
Macy’s ends talks with Arkhouse and Brigade, foiling $6.9B takeover
The firms raised their bid in June, but their financing, tied in part to Macy’s own real estate, was lacking, the department store said Monday.
By Daphne Howland • July 15, 2024 -
Courtesy of Von Dutch
ColumnThe Weekly Closeout: Von Dutch is acquired and Bath & Body Works partners with Crocs
The fashion company was sold to WSG Brands, while the shoe collab is all decked out in gingham.
By Retail Dive Staff • July 12, 2024 -
Joe Raedle via Getty Images
One-third of consumers cut spending in Q2: report
Inflation concerns continue to weigh on shoppers, with 84% saying it has affected how they spend their money, according to a report from Jungle Scout.
By Howard Ruben • July 12, 2024 -
Daphne Howland/Retail Dive
Nike taps former executive Tom Peddie to return as vice president of marketplace partners
The 30-year veteran of the athletics retailer, who retired in 2020, is set to return as the company shifts its direct-to-consumer strategy.
By Nate Delesline III • July 10, 2024 -
Courtesy of Athletic Brewing
Nonalcoholic beer maker Athletic boosts coffers with $50M investment
The financing round will help fund the fast-growing company’s expansion efforts.
By Christopher Doering • July 10, 2024 -
Permission granted by Target
Target to stop accepting personal checks
The retailer highlighted that customers will still have six payment options after the change takes effect in about a week.
By Nate Delesline III • July 9, 2024 -
Andrew Kelly/AP
Toy company Basic Fun to restructure in bankruptcy
The downfall of Toys R Us — its largest customer — plus its own supply chain issues and the pandemic have left Chapter 11 as its best recourse.
By Nate Delesline III • July 3, 2024 -
All Bob’s Stores locations to close
The retailer was unable to secure the financing necessary to keep operating. The fate of sibling Eastern Mountain Sports remains unclear.
By Daphne Howland • July 2, 2024 -
Kevin Frayer/Getty Images via Getty Images
Nike expects more revenue declines ahead after ‘sluggish’ Q4
CEO John Donahoe said the company is “embracing a more balanced approach” to DTC and wholesale after a rough set of numbers.
By Cara Salpini • June 28, 2024
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