Financial News: Page 16
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Courtesy of Victoria's Secret & Co.
Victoria’s Secret beat expectations in Q1, but is it enough?
Its namesake and Pink brands have held onto some 20% market share in intimates, though its beauty business is its best-performing category.
By Daphne Howland • June 6, 2024 -
Designer Brands acquires Canadian footwear retailer Rubino
The retailer also named a new chief marketing officer for its largest banner, DSW, as it reported flat sales for Q1.
By Nate Delesline III • June 5, 2024 -
Brett Dworski/Retail Dive
6 Foxtrot stores leased to Further Point Enterprises
The holding company that acquired the non-real-estate assets from 15 Foxtrot locations last month is now the official tenant for half a dozen of its locations.
By Brett Dworski • June 5, 2024 -
Courtesy of Stitch Fix
Amid ongoing declines, Stitch Fix pilots customer experience improvements for summer launch
A core group of customers is keeping and spending more per box, suggesting that the company is on the right track, analysts said.
By Daphne Howland • June 5, 2024 -
Kaarin Vembar/Retail Dive
Dollar Tree to explore spinoff or sale of Family Dollar
The underperforming banner has been a drag on operations since its acquisition.
By Nate Delesline III • June 5, 2024 -
Permission granted by Liquid Death
Liquid Death names former PepsiCo, Keurig Dr Pepper exec as CFO
The fast-growing startup, known for its canned water, has entered new beverage categories while adding experienced executives to its C-suite.
By Christopher Doering • June 5, 2024 -
Courtesy of Bath & Body Works
New products boost Bath & Body Works in Q1 as candle sales decline
With steeper competition, the retailer is losing market share, including in one of its signature product lines, according to GlobalData research.
By Daphne Howland • June 4, 2024 -
Cara Salpini/Retail Dive
After abruptly shuttering its stores, Outdoor Voices has a new owner
Consortium Brand Partners, which also owns Draper James, plans to open new stores next year and expand into adjacent product categories.
By Cara Salpini • June 4, 2024 -
Joe Raedle via Getty Images
Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call
The retailer’s new finance chief, Gary Millerchip, is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.
By Maura Webber Sadovi • June 4, 2024 -
Children’s Place CEO Jane Elfers out after 14 years
Muhammad Umair, who joined as a board member in February when Mithaq Capital bought a majority stake in the company, will serve as interim chief.
By Nate Delesline III • June 3, 2024 -
Courtesy of Gap Inc.
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 -
Courtesy of Sierra
ColumnThe 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 -
Cara Salpini/Retail Dive
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 -
Daphne Howland/Retail Dive
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 -
Permission granted by Dollar General
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 -
Justin Sullivan/Getty Images via Getty Images
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 -
Courtesy of Foot Locker, Inc.
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 -
Daphne Howland/Retail Dive
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 -
Permission granted by Chewy
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 -
Courtesy of Abercrombie & Fitch
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 -
Retrieved from Feat Clothing on 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 -
Daphne Howland/Retail Dive
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 -
Daphne Howland/Retail Dive
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 -
Cara Salpini/Retail Dive
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 -
Joe Raedle / Staff via Getty Images
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
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