Foot Locker sales fall nearly 10% as it weathers ‘tougher than expected’ year

CEO Mary Dillon said the start of the back-to-school season was weaker than expected as lower-income shoppers stay cautious.

By Cara Salpini • Aug. 23, 2023

Lowe’s to give $100M in bonuses to frontline workers

The home improvement retailer is maintaining its full-year guidance after it beat earnings expectations.

By Nate Delesline III • Aug. 22, 2023

Macy’s swings to a loss in Q2 as consumer situation deteriorates

Credit card delinquencies took an $84 million bite out of revenue, but sales fell in stores and online as well.

By Daphne Howland • Aug. 22, 2023

Dick’s cuts jobs as theft takes a bite out of profit

The athletics retailer rolled out a business optimization plan to streamline its cost structure, while executives called theft an “increasingly serious issue.”

By Cara Salpini • Aug. 22, 2023

Boxed acquired by MSG Distributors

The regional distributor of consumables and household products said it will work to continue serving Boxed’s customers, vendors and brands.

By Peyton Bigora • Aug. 22, 2023

DTC’s Q2 was a mixed bag as holidays approach

Some brands swam while others drowned in a period that saw everything from major executive changes to falling sales.

By Caroline Jansen , Dani James • Aug. 21, 2023

The Weekly Closeout: Target faces ESG lawsuit, BeautyStat names chief marketing officer

The suit filed by a Target stockholder alleges that the retailer misled shareholders over the effect its ESG efforts would have on its performance.

By Retail Dive Staff • Aug. 18, 2023

Christmas Tree Shops to liquidate under Chapter 7

The retailer’s bankruptcy was converted from Chapter 11 this week, with the judge stepping in to prioritize paying store employee wages.

By Daphne Howland • Aug. 18, 2023

Bark approves share repurchase program of up to $7.5M

The pet care brand's long-term debt reached $81.4 million in Q1 and revenue declined 8% year over year. 

By Dani James • Aug. 18, 2023

Express plans layoffs, reverse stock split

The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.

By Nate Delesline III • Aug. 18, 2023

Walmart raises guidance after solid Q2

Consumers continue to rely on the retailer for essentials but its CEO sees opportunity to drive discretionary buys.

By Nate Delesline III • Aug. 17, 2023

RadioShack under new ownership again

Unicomer Group has taken over from Retail Ecommerce Ventures, which first acquired the retailer's IP in 2020.

By Daphne Howland • Aug. 17, 2023

Digital Brands Group reports Q2 net income

The company — which boasts a portfolio including Sundry and Stateside — swung from a net loss of $10.6 million the year before. 

By Dani James • Aug. 17, 2023

Target’s Q2 profits beat expectations despite soft sales

The retailer also acknowledged controversy over its Pride month assortment affected performance.

By Nate Delesline III • Aug. 16, 2023

HomeGoods owner gets a boost from Bed Bath & Beyond closures

But the robust apparel sales at TJX Cos.’ T.J. Maxx and Marshalls stores could be undermined once student loan payments resume, analysts said.

By Daphne Howland • Aug. 16, 2023

What Gap Inc. needs from its new CEO

Longtime Mattel executive Richard Dickson is taking the reins of an apparel conglomerate — whose brands all need some help.

By Daphne Howland • Aug. 16, 2023

Grove Collaborative co-founder out as CEO

Stuart Landesberg will exit the chief executive role Wednesday, being succeeded by former Zulily and Shopbop CEO Jeff Yurcisin.

By Caroline Jansen • Aug. 15, 2023

Parade acquired by Ariela & Associates International

The DTC intimates brand has expanded its product categories over the past several months and will operate as a division of Ariela & Associates International.

By Dani James • Aug. 15, 2023

Home Depot positive on full year as Q2 beats expectations

Although sales of big-ticket items are down, the retailer is expanding its offering in the hand tools, kitchen and bath sectors.

By Nate Delesline III • Aug. 15, 2023

On brand’s DTC sales grew faster than wholesale in Q2

The brand’s direct-to-consumer channel increased 54.7% year over year to 163.5 million Swiss francs during the quarter.

By Dani James • Aug. 15, 2023

Neiman Marcus cuts corporate staff to boost cross-functional collaboration

The department store said less than 1% of its workforce is affected by the latest layoffs as it continues to implement a strategy unveiled in February.

By Daphne Howland • Aug. 14, 2023

Capri releases soft Q1 earnings as Tapestry’s plan to buy company is revealed

Sales and profit declines took a backseat to the surprise merger announcement Thursday, but provided new context to the $8.5 billion deal.

By Lara Ewen • Aug. 14, 2023

Consumer product maker Amyris files for bankruptcy, lays off another 260 workers

The biotech company’s entire portfolio of brands, which includes JVN, Biossance and Rose Inc., is also up for sale.

By Daphne Howland • Aug. 11, 2023

Bark revenue down 8% in Q1

Both DTC and wholesale revenue slid in the quarter as the online pet retailer works to stabilize its cash burn and become a more nimble organization.

By Howard Ruben • Aug. 11, 2023

Resale company Trove raises $30 million in Series E funding

The company, which works with retailers including Canada Goose, Lululemon and REI, has landed $150 million in funding since its inception.

By Tatiana Walk-Morris • Aug. 11, 2023