Rite Aid could close hundreds of stores in possible bankruptcy: WSJ

The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.

By Nate Delesline III • Sept. 25, 2023

J.C. Penney Q2 sales, profits slide

Still, margins expanded, inventory is down, store traffic is up and the department store remains in the black.

By Daphne Howland • Sept. 25, 2023

Meati Foods reduces staff by 10% as it focuses on profitability

The fermented meat company said the layoffs were not a result of the demand it has seen for its products.

By Elizabeth Flood • Sept. 25, 2023

Why EBITDA has such a strong hold on retail

Is it the “Wild West” of measures or a fair predictor of long-term success? Either way, retailers won’t quit talking about EBITDA.

By Dani James • Sept. 25, 2023

The Weekly Closeout: True Religion expands internationally and The Container Store’s CEO takes a pay cut

The apparel retailer will soon have 26 markets outside of the U.S., while Satish Malhotra temporarily reduced his salary to offset employee pay raises.

By Retail Dive Staff • Sept. 22, 2023

Instacart makes long-awaited public market debut

The company priced its IPO at $30 per share as it prepared to list under the ticker symbol “CART” on Tuesday, putting its valuation at just below $10 billion.

By Catherine Douglas Moran • Sept. 19, 2023

Stitch Fix cost cuts pay off as Q4, full-year losses narrow

But sales declines continue, and the apparel box retailer has decided to shutter its U.K. operation by the end of its first quarter.

By Daphne Howland • Sept. 19, 2023

Instacart lifts target IPO share price range

The grocery tech company now expects its shares to fetch between $28 and $30 each, which would raise between $616 million and $660 million for the firm when it goes public.

By Catherine Douglas Moran • Sept. 18, 2023

Goodles refreshes leadership as it brings in $13M in Series A funding

The food brand known for its “better-for-you” boxed mac and cheese named a new CFO, chief marketing officer and senior vice president of sales.

By Howard Ruben • Sept. 18, 2023

Birkenstock revenue up 21% so far this year

The footwear brand's updated F-1 filing showed a year-over-year decrease in net profit for the nine months ended June 30. 

By Dani James • Sept. 18, 2023

Personalized skin care brand Proven raises $12.2M

With the fresh funding, the company will launch new products for its Proven Skincare and Noteworthy brands, as well as expand its team.

By Howard Ruben • Sept. 15, 2023

The Weekly Closeout: Amazon moves into former Lord & Taylor building, Belk celebrates 135 years

The e-commerce giant took over the New York City space previously occupied by the department store, while Belk plans a party in honor of its first location.

By Retail Dive Staff • Sept. 15, 2023

Holiday sales predicted to rise by 3.5%: Deloitte

That’s slower than last year, as the research firm expects inflation’s impact to moderate and shoppers to have fewer pandemic-era savings.

By Tatiana Walk-Morris • Sept. 14, 2023

Birkenstock files for IPO as it eyes global growth

Private equity firm L Catterton will control a majority of voting power on outstanding shares.

By Dani James • Sept. 13, 2023

Dollar General braces for $95M profit hit as it clears inventory

While it works to reduce stock levels, the discounter is also investing in new planning tools to help manage flows at stores and distribution centers.

By Ben Unglesbee • Sept. 12, 2023

RH predicts market challenges will persist as sales fall 19%

Net income tumbled 37% in Q2 as the retailer faces industrywide challenges, including the highest mortgage rates in 20 years.

By Nate Delesline III • Sept. 11, 2023

Torrid lays off 5% of headquarters staff as sales decline

The workforce reduction, which took place at the beginning of Q3, came as the retailer reported second-quarter net income fell over 70%.

By Dani James • Sept. 7, 2023

Nordstrom vet tapped for Honest CFO seat

The finance leadership change comes as the consumer products company struggles with growth and profitability.

By Alexei Alexis • Sept. 7, 2023

Express Inc. leans on cost cuts as sales, profits plummet

The apparel conglomerate is facing consumer demand for promotional pricing and has had to correct some fashion misses at its namesake.

By Daphne Howland • Sept. 6, 2023

Reese Witherspoon sells majority stake in Draper James

Private equity firm Consortium Brand Partners now holds a 70% stake, while the actor and brand founder remains a partner and board member.

By Dani James • Sept. 6, 2023

The Weekly Closeout: Academy Sports and Outdoors expands assortment, and has pumpkin spice gone too far?

Fall-scented flushable wipes are here. Meanwhile, Academy Sports and Outdoors struck two deals this week, with Fanatics and L.L. Bean.

By Retail Dive Staff • Sept. 1, 2023

Lululemon increases store opening plans as sales climb 18%

While many in the industry have warned of challenges, the athletics retailer continued to outperform, recording double-digit profit growth.

By Cara Salpini • Sept. 1, 2023

Chewy sales up 14% in Q2, beating expectations

However, executives noted consumer shifts that signal shoppers may be seeking out more value in light of economic uncertainty.

By Caroline Jansen • Aug. 31, 2023

Dollar General set to open nearly 1K new stores despite profit, margin declines

The discounter is grappling with bloated inventories, which analysts say are contributing to shrink and impeding store operations.

By Daphne Howland • Aug. 31, 2023

Victoria’s Secret posts Q2 sales decline amid turnaround efforts

While the retailer reported progress on its strategic initiatives, analysts question whether its actions are working.

By Kaarin Moore • Aug. 31, 2023