Zulily goes out of business, plans to liquidate

The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership. 

By Nate Delesline III • Dec. 26, 2023

Nike unveils $2B cost-savings plan to drive growth, profitability

The retailer is streamlining the organization, simplifying its product portfolio, increasing automation and using scale to drive efficiencies.

By Cara Salpini • Dec. 22, 2023

With Series A investment, Iris&Romeo to enter Sephora

The clean beauty brand received an investment from True Beauty Ventures, whose portfolio also includes BeautyStat, Caliray, Vacation and Dieux.

By Howard Ruben • Dec. 22, 2023

The Weekly Closeout: Ecco opens in SoHo and will Something Navy be sold for $1?

The footwear brand opened in New York City as it celebrates its 60th anniversary, while the blogger-founded apparel company reportedly will be sold.

By Retail Dive Staff • Dec. 22, 2023

J.C. Penney Q3 sales decline, loss widens

The department store said the $1 billion turnaround announced earlier this year has already boosted traffic and loyalty, but is it bold enough?

By Daphne Howland • Dec. 21, 2023

Private equity firm agrees to buy Uoma Beauty assets

MacArthur Beauty “saw an opportunity to save this brand and turn it around” after the company received a warning notice from the U.K. government.

By Caroline Jansen • Dec. 21, 2023

Farfetch to be acquired by Coupang in a $500M deal

As a result, Farfetch will be delisted from the NYSE, and its agreement to buy Yoox Net-a-Porter from Richemont has been terminated.

By Lara Ewen • Dec. 19, 2023

Amyris to sell JVN brand for $1.25M

Windsong Global was the successful bidder. Rose and Stripes were also auctioned off as part of Amyris' bankruptcy process.

By Dani James • Dec. 18, 2023

Unilever to sell portfolio that includes Q-tips, Noxzema

Under a newly arrived chief executive, the consumer products giant also unloaded Dollar Shave Club earlier this year.

By Daphne Howland • Dec. 18, 2023

Showfields landlord, funders voice concern over bankruptcy financing

The retailer's Brooklyn landlord objected to its proposed DIP financing, alleging Showfields has insiders involved with the lender. Meanwhile, the CEO said the company is working on "reaching a resolution" with creditors.

By Dani James • Dec. 15, 2023

Will Macy’s follow Sears to the retail graveyard?

The iconic department store could thrive as a smaller, more focused retailer, but a potential buyout would make a transformation unlikely, analysts say.

By Daphne Howland • Dec. 15, 2023

Farfetch gets Moody’s downgrade

The firm gave the luxury platform a rating of “poor standing” and “subject to very high credit risk” after the company canceled its Q3 earnings call.

By Laurel Deppen • Dec. 14, 2023

Hasbro slashes 1,100 jobs amid tepid toy sales

The challenges of the first nine months of the year have persisted, and will likely continue into 2024, CEO Chris Cocks told employees.

By Daphne Howland • Dec. 12, 2023

5 retailers that need a strong finish for the year

These retailers have borrowed heavily, delivered soft performance, seen substantial leadership turnover or operate in a heavily discretionary sector. Can they turn themselves around?

By Nate Delesline III • Dec. 12, 2023

Torrid Q3 net sales drop, swings to net loss

The apparel and accessories brand updated its full-year guidance again and permanently appointed Paula Dempsey as its new CFO.

By Dani James • Dec. 8, 2023

Despite Black Friday blockbuster, Lululemon maintains its holiday outlook

The brand continues to defy expectations, but may finally be approaching a plateau as competition rises and consumers remain cautious.

By Daphne Howland • Dec. 8, 2023

The Weekly Closeout: Claire’s expands into Mexico and Squishmallows collabs with H&M

The accessories retailer opened a store in Mexico City, while the toy company, known for its plush stuffed animals, teamed up with H&M for a collection.

By Retail Dive Staff • Dec. 8, 2023

Chewy names new CFO

The DTC pet supplies retailer has been looking for someone to fill the role on a permanent basis after Mario Marte stepped down from the role in July.

By Caroline Jansen • Dec. 7, 2023

GameStop sales slide 9% but loss narrows

The video game retailer this week gave CEO Ryan Cohen authority to manage the company's investment portfolio in public and private markets.

By Nate Delesline III • Dec. 7, 2023

Hundreds of new stores help push Dollar General sales up 2.4%

But the discount retailer is cutting back its expansion plans for next year as it aims to turn its business around.

By Daphne Howland • Dec. 7, 2023

Lovesac Q3 net sales jump 14.3% amid store growth

The furniture brand — which is facing an SEC investigation due to accounting errors — reported showroom net sales increased 18.9%.

By Dani James • Dec. 6, 2023

Stitch Fix sales and customer count decline further, but loss narrows

The apparel box e-retailer kept a grip on expenses and is making major operational changes to boost sales and profits, executives said Tuesday.

By Daphne Howland • Dec. 6, 2023

Can Lululemon maintain its momentum?

Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.

By Daphne Howland • Dec. 5, 2023

Joann raises cost savings target to $225M

The craft retailer is working to improve its cash flow, but its $1 billion-plus debt load remains a concern.

By Nate Delesline III • Dec. 5, 2023

Amyris auctions off Biossance for $20M

The company also found successful bidders for three other brands, including Pipette, as it undergoes bankruptcy proceedings. 

By Dani James • Dec. 4, 2023