Financial News: Page 29


  • A stellar constellation in the night sky, imagined in the iconic shape of a Crocs shoe.
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    Courtesy of Crocs
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    Crocs tops $1B in Q3 revenue, but Heydude continues to drag

    Executives warned the holiday quarter could be rough for its DTC brand, with sales down as much as 25%, but said they still believe in its potential.

    By Nov. 2, 2023
  • A person running on a Peloton treadmill
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    Courtesy of Peloton Interactive
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    Peloton Q1 total revenue drops, expects muted holiday season

    The fitness company's net loss during the quarter improved 61% and the brand reinstated full-year guidance. 

    By Dani James • Nov. 2, 2023
  • Exterior of Wayfair's headquarters in Boston
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    Caroline Jansen/Retail Dive
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    Wayfair’s Q3 revenue up 3.7% after 9 consecutive quarters of declines

    The online retailer also narrowed its loss in the quarter. But the company has a ways to go to recover from the sharp decline in demand in the category.

    By Nov. 1, 2023
  • Canada Goose storefront in Las Vegas.
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    Courtesy of Canada Goose
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    Canada Goose taps new CFO, lowers full-year outlook

    The luxury apparel brand saw direct-to-consumer revenue in Q2 increase 15% year over year as it focused more on the channel. 

    By Dani James • Nov. 1, 2023
  • A white storefront with a blue Container Store logo on it.
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    Courtesy of The Container Store
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    The Container Store expands higher-priced assortment as Q2 net sales tumble 20%

    The retailer’s turnaround has been slow going, as consumers spend their discretionary dollars on other priorities.

    By Nov. 1, 2023
  • The Sorel logo is seen reflected in a window, which shows the skyline of New York City.
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    Eugene Gologursky/Getty Images for New York Magazine via Getty Images
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    Columbia reports $986M in Q3 sales, lowers full-year guidance

    The company’s namesake brand led sales, while its prAna brand is undergoing a “reset.”

    By Laurel Deppen • Oct. 31, 2023
  • The mall entrance of a brightly light "Forever 21" store.
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    "Forever 21" by Mike Mozart is licensed under CC BY 2.0
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    Simon Property Group reduces stake in Forever 21 operator Sparc

    CEO David Simon said the mall REIT will continue to monetize its retailer holdings due to their volatility.

    By Oct. 31, 2023
  • External shot of The Body Shop.
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    Courtesy of The Body Shop
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    UK private equity firm in talks to acquire The Body Shop

    Owner Natura & Co. months ago told shareholders it was looking for buyers for the struggling personal care brand.

    By Oct. 30, 2023
  • A person wearing Rhone's commuter shirt.
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    Courtesy of Rhone
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    L Catterton sells stake in men’s apparel brand Rhone

    The brand closed on a round of financing through a special purpose vehicle fund that allowed it to buy out the private equity firm’s minority stake.

    By Howard Ruben • Oct. 30, 2023
  • skechers
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    Courtesy of Business Wire
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    Skechers’ DTC sales up 23.8% in Q3

    The company said it was a “difficult year” for wholesale — which saw sales decline 1.4% in Q3 — and hopes next year may offer growth for the segment.

    By Laurel Deppen • Oct. 27, 2023
  • A person with a cardboard box marked "Amazon" going up steps outside.
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    Courtesy of Amazon
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    Amazon sidesteps consumer woes with help from side businesses

    Subscriptions, ads and third-party seller services outpaced growth in retail in Q3, and Prime Video will soon also be a money-maker.

    By Oct. 27, 2023
  • A Hoka storefront in Los Angeles
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    Cara Salpini/Retail Dive
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    Hoka Q2 sales increase driven by DTC

    Parent company Deckers intends to divest Sanuk and teased the launch of a new footwear brand during a call with analysts.

    By Dani James • Oct. 27, 2023
  • A group of people sitting around a Solo Stove fire pit.
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    Courtesy of Solo Brands
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    Solo Brands CFO to exit

    Somer Webb will step down on Dec. 10 and be replaced in the interim by Andrea Tarbox as the company begins a search for a successor.

    By Oct. 26, 2023
  • Overstock plans to relaunch namesake website by the end of 2024

    The company — which rebranded as Bed Bath & Beyond earlier this year — wants to sell clearance products through its old name.

    By Nate Delesline III • Oct. 26, 2023
  • A collage of various dolls and doll accessories, mostly in shades of pink, with the words "Barbie The Movie" in the center.
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    Courtesy of Mattel
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    Barbie stokes Mattel’s Q3 sales, leaving Hasbro in the dust as holidays loom

    The iconic doll's blockbuster movie has spurred a remarkable comeback. But the season still could be a tough one for toys.

    By Oct. 26, 2023
  • Display of black, blue and orange Dollar SHave CLub products, including shaving razors
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    Courtesy of Unilever / Dollar Shave Club
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    Unilever to sell Dollar Shave Club

    Private equity firm Nexus Capital Management will acquire the brand, though Unilever will keep a minority shareholder stake. 

    By Dani James • Oct. 26, 2023
  • Display of various Hello Bello products in packages and bottles on a yellow background
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    Courtesy of Hello Bello
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    Hello Bello files for bankruptcy amid supply chain setbacks

    The baby care company — founded by celebrities Kristen Bell and Dax Shepard — has agreed to a stalking horse bid from private equity firm Hildred Capital Management.

    By Dani James • Oct. 24, 2023
  • A screenshot of the new Bed Bath & Beyond website depicted on a desktop device
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    Permission granted by Bed Bath & Beyond
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    Overstock to change corporate name to Beyond

    The company is also moving its stock listing from the NASDAQ to the NYSE next month.

    By Nate Delesline III • Oct. 24, 2023
  • A Rite Aid store location.
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    Courtesy of Amazon
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    Bankrupt Rite Aid cleared to pay $138M it owes suppliers

    The drug store retailer is trying to keep its relationships with suppliers intact, including with drugmaker McKesson, which had threatened to stop shipping products.

    By Oct. 23, 2023
  • Canada Goose's first footwear campaign
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    Courtesy of Canada Goose
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    Canada Goose downgraded amid China headwinds

    Analysts with Cowen and Wells Fargo also pointed to a warmer winter ahead as creating obstacles for the luxury apparel brand.

    By Dani James • Oct. 20, 2023
  • Claire's Shimmerville merchandise
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    Courtesy of Claire's
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    Column

    The Weekly Closeout: REI to close on Black Friday, Claire’s releases Roblox experience merch

    The outdoor retailer will also shutter on Thanksgiving as part of its Opt Outside campaign, while the accessories retailer is releasing physical merchandise based on its digital characters.

    By Retail Dive Staff • Oct. 20, 2023
  • An Adidas store stands in Manhattan on October 25, 2022 in New York City.
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    Spencer Platt via Getty Images
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    Adidas once again raises guidance thanks to Yeezy sales

    The athletics retailer, which now projects an operating loss of 100 million euros for the year, said its core business also did better than expected in Q3.

    By Oct. 18, 2023
  • The store sign on a Vans store in New York City.
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    Daphne Howland/Retail Dive
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    Activist firm calls VF Corp. headquarters a ‘Death Star,’ demands $300M in cost cuts and a board shakeup

    But some proposals floated by Engaged Capital are already in place under new CEO Bracken Darrell and could take time to bear fruit, Wedbush said.

    By Oct. 18, 2023
  • Rite Aid storefront.
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    Courtesy of Rite Aid
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    Rite Aid gets court OK for nearly $3.5B in bankruptcy financing

    The pharmacy retailer also wants to sell nearly 100 store leases, properties and pieces of land in 12 states as it looks to restructure.

    By Nate Delesline III • Oct. 18, 2023
  • Tupperware bowl full of fruit on a table.
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    Courtesy of Tupperware
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    Tupperware appoints new CEO, shakes up board

    The company filed its delayed 2022 annual report on Friday and tapped former Spanx CEO Laurie Ann Goldman to take on the chief role.

    By Dani James • Oct. 17, 2023