Financial News: Page 27
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Keith Tsuji via Getty Images
VF revenue remains down despite ‘modest improvement’ at Vans
The struggling sneaker brand is showing signs of recovery in Europe, the Middle East and Africa, as its holding company works to boost its desirability.
By Laurel Deppen • Aug. 8, 2024 -
Courtesy of Hilco Merchant Resources
UK retailer Mountain Warehouse offers $5M stalking horse bid for Eastern Mountain Sports
Absent a higher offer, the U.K.-based outdoor gear retailer plans to keep less than half of the chain’s stores running.
By Daphne Howland • Aug. 7, 2024 -
The Container Store sales fall 12% in Q1
The results for the quarter, which included online sales decreasing nearly 26%, show a company "that remains in freefall," according to one analyst.
By Nate Delesline III • Aug. 7, 2024 -
Courtesy of ThredUp
ThredUp to exit Europe
The secondhand apparel company is also exploring strategic alternatives for Remix. Meanwhile, it reported a drop of nearly 4% in revenue in Q2.
By Kaarin Moore • Aug. 7, 2024 -
Justin Sullivan via Getty Images
Prestige beauty sales continue to outpace mass with 8% growth in the first half of the year
High-end fragrance was a bright spot, rising 12%, but its popularity is also driving sales of mass products and private-label dupes.
By Tatiana Walk-Morris • Aug. 7, 2024 -
Daphne Howland/Retail Dive
Simon malls notch Q2 gains in occupancy, traffic and retail sales
But net operating income at the REIT’s retailer portfolio, which includes J.C. Penney, Gilt Groupe and the entity that runs Forever 21, declined again.
By Daphne Howland • Aug. 6, 2024 -
Tibrina Hobson via Getty Images
Funko agrees to $2M settlement to resolve claims it misled investors
Multiple lawsuits claim the company failed to disclose sales and operational troubles — and that executives used inside information to enrich themselves.
By Daphne Howland • Aug. 6, 2024 -
Nate Delesline III/Retail Dive
Big Lots may close up to 315 stores
The retailer requires “significant changes to the business model to continue as a going concern,” analysts said.
By Nate Delesline III • Aug. 5, 2024 -
Daphne Howland/Retail Dive
Amazon’s retail sales growth ebbs in Q2
Advertising and services, including the blockbuster cloud unit, remain the center of growth and profits for the e-commerce giant.
By Daphne Howland • Aug. 2, 2024 -
Courtesy of Fred Segal
ColumnThe Weekly Closeout: Fred Segal closes remaining stores and Foxtrot plots its comeback
Los Angeles fashion loses a retail icon and after abruptly closing stores this spring, Foxtrot team members promise a return to the company’s roots.
By Retail Dive Staff • Aug. 2, 2024 -
HEYDUDE
Crocs expects a big end-of-year bounce at HeyDude
The company said new stores and wholesale deals will boost the struggling DTC brand. Meanwhile its namesake approached $1 billion in Q2 revenue.
By Daphne Howland • Aug. 1, 2024 -
Courtesy of Etsy
Etsy to launch paid buyer membership program
Etsy Insider, which comes as Q2 sales rise 3%, includes benefits like free domestic shipping on “millions” of items — at no cost to sellers.
By Tatiana Walk-Morris • Aug. 1, 2024 -
Caroline Jansen/Retail Dive
Wayfair revenue down 1.7% in Q2 as category remains challenged
But the online home goods retailer was able to narrow its losses and CEO Niraj Shah said a turnaround in the sector could be on the horizon.
By Caroline Jansen • Aug. 1, 2024 -
Cara Salpini/Retail Dive
Adidas CEO: ‘You have to be more American to be successful in America’
With sales in North America down 7% in Q2, CEO Bjørn Gulden said the athletics retailer is leaning into American sports like basketball and baseball.
By Cara Salpini • July 31, 2024 -
Courtesy of Brooks Running
Brooks Running reports ‘record’ revenue
Global revenue in Q2 increased 15% year over year driven by its wholesale and DTC channels, and the athletics brand named a new COO.
By Tatiana Walk-Morris • July 31, 2024 -
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
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