Rite Aid files for Chapter 11 bankruptcy, names new CEO

The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.

By Nate Delesline III • Oct. 16, 2023

Party City emerges from bankruptcy, CEO to exit

Brad Weston will step down from the top executive role, while current Chief Commercial Officer Sean Thompson will become the company’s interim.

By Kaarin Moore • Oct. 13, 2023

Melissa & Doug to be acquired for $950M

The toy company will join Spin Master's portfolio, which includes children’s brands Paw Patrol, Bakugan and more. 

By Dani James • Oct. 12, 2023

Ross caps off yearly opening plans with 51 new stores this fall

The off-price retailer, which opened 97 locations in fiscal 2023, raised its guidance in August on top of 7.7% sales growth.

By Nate Delesline III • Oct. 11, 2023

Birkenstock sets IPO at $46 per share

The German footwear brand's offering is around the mid-point of its expected price range and puts it at an $8.6 billion valuation.

By Dani James • Oct. 11, 2023

Nike kicks the inventory doldrums with levels down 10%

The sportswear giant has come a long way from a year ago, when stock levels were surging with retailers and consumers pulling back on purchasing.

By Ben Unglesbee • Oct. 10, 2023

Levi’s posts flat revenue for Q3, cuts full-year guidance

The company cut its outlook for the second consecutive quarter, stating its approach was cautious due to macro-environment uncertainty.

By Nate Delesline III • Oct. 6, 2023

Rite Aid faces NYSE delisting

News of the company's possible removal from the New York Stock Exchange follows talks of a possible bankruptcy filing.

By Nate Delesline III • Oct. 5, 2023

Pandora looks to retail expansion for growth

The jewelry brand set new financial targets for revenue and free cash flow related to its Phoenix growth strategy.

By Dani James • Oct. 5, 2023

Court approves sale of Instant Brands to private equity firm Centre Lane Partners

The maker of popular kitchen brands including Instant Pot, Corelle and Pyrex said the deal would help fix its unsustainable capital structure.

By Kaarin Moore • Oct. 5, 2023

Helen of Troy’s former CFO is back to stay

Months after he rejoined the maker of popular Hydro Flask water bottles as interim finance chief, Brian Grass has been made CFO.

By Maura Webber Sadovi • Oct. 5, 2023

The RealReal CFO to step down

Still in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company.

By Xanayra Marin-Lopez • Oct. 4, 2023

Athletics brand On aims to double net sales by 2026

The company sees direct-to-consumer retail as a key growth opportunity and plans to expand its offerings in the training category. 

By Dani James • Oct. 4, 2023

Oddity expects Q3 revenue to grow about 30% as it preps for more brand launches

The Il Makiage and SpoiledChild owner will debut two brands in 2025, and is "actively holding back" on top-line growth and profitability.

By Dani James • Oct. 3, 2023

From Warby Parker to On, here’s how disruptors are doing post-IPO

Some brands whose stock boomed thanks to pandemic-era trends are now trading at less than $5.

By Dani James • Oct. 3, 2023

Birkenstock sets sights on valuation of up to $9.2B

As its revenue continues to increase, the footwear brand expects its IPO pricing to be between $44 and $49 per ordinary share.

By Dani James • Oct. 3, 2023

Credit card debt tops $1 trillion, before the holidays even arrive

Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.

By Daphne Howland • Oct. 2, 2023

Newell Brands, former CEO to pay fines over SEC charges of misleading investors

The Yankee Candle owner will shell out $12.5 million in a settlement as it continues to suffer sales and profit declines.

By Daphne Howland • Oct. 2, 2023

Blue Apron to be acquired by Wonder Group

The food tech company founded by former Walmart e-commerce executive Marc Lore is buying the meal kit company for about $103 million — a fraction of what it was worth when it went public in 2017.

By Catherine Douglas Moran • Oct. 2, 2023

11 retailers at risk of bankruptcy in 2023

From Joann and Rite Aid to Petco and The Container Store, here’s who’s most at risk in the next 12 months.

By Cara Salpini • Oct. 2, 2023

Nike says better profitability is on the horizon as net income edges down in Q1

Chief Financial Officer Matt Friend said the retailer expects to be “a more direct and a more digital company and a more profitable company” going forward.

By Cara Salpini • Sept. 29, 2023

The Weekly Closeout: Lee launches unisex collection and Barbie fever hits Wrangler

The genderless line was created with Chinese streetwear brand Roaringwild. Meanwhile, the blockbuster movie inspired a 40-piece collection.

By Retail Dive Staff • Sept. 29, 2023

Sycamore to buy Chico’s for $1B

The agreement strikes a deal that eluded the private equity firm four years ago, despite repeated attempts then to acquire the women’s apparel retailer.

By Daphne Howland • Sept. 28, 2023

As US consumers slow down, Walmart is muscling out its competition

The retail giant is embracing strategies previously mastered by Target, Amazon and others, and that’s paying off, various analysts report.

By Daphne Howland • Sept. 27, 2023

Shoe Carnival CFO exits after 5 months

Patrick Edwards was named the company's new chief financial officer — the third person to serve in the role this year.

By Nate Delesline III • Sept. 26, 2023