Financial News: Page 29
-
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 Daphne Howland • Nov. 2, 2023 -
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 -
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 Caroline Jansen • Nov. 1, 2023 -
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 -
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 Daphne Howland • Nov. 1, 2023 -
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 -
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 Daphne Howland • Oct. 31, 2023 -
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 Daphne Howland • Oct. 30, 2023 -
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’ 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 -
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 Daphne Howland • Oct. 27, 2023 -
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 -
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 Caroline Jansen • 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 -
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 Daphne Howland • Oct. 26, 2023 -
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 -
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 -
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 -
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 Ben Unglesbee • Oct. 23, 2023 -
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 -
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 -
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 Cara Salpini • Oct. 18, 2023 -
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 Daphne Howland • Oct. 18, 2023 -
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 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