FTC revs up money transfer case against Walmart

The Federal Trade Commission escalated its case last week, alleging the retailer facilitated fraudulent transactions, despite a court setback in March.

By Lynne Marek • July 7, 2023

Serta Simmons plans to refresh the majority of its products as it exits bankruptcy

As part of a turnaround strategy, the bedding manufacturer will also invest in marketing and supply chain initiatives.

By Nate Delesline III • July 6, 2023

Christmas Tree Shops plans to liquidate if it can’t find a buyer

The retailer defaulted on its bankruptcy loan terms and will have to close all of its stores if it doesn't secure a buyer by the end of this week.

By Nate Delesline III • July 5, 2023

Claire’s postpones IPO

CEO Ryan Vero said the company would renew the effort “when market conditions are more favorable.”

By Daphne Howland • July 5, 2023

Shein denies report of filed IPO

Reuters reported that the fast-fashion giant had quietly registered to become publicly traded on the New York Stock Exchange.

By Laurel Deppen • June 30, 2023

Retailers brace for hit to discretionary spending, holiday sales as Supreme Court nixes student loan forgiveness

Apparel, home goods and electronics will likely be impacted the most as households pull back further in order to pay down debt.

By Daphne Howland • June 30, 2023

Nike breaks $50B in revenue as it warms back up to wholesale

CEO John Donahoe said recent shifts back into DSW and Macy’s were “simply an extension” of the retailer’s existing strategy.

By Cara Salpini • June 30, 2023

Walgreens to close 150 stores in the US

With sales down in part due to lower demand for COVID-19 vaccines and tests, the retailer is also closing 300 stores in the U.K.

By Daphne Howland • June 29, 2023

Jilted by Constellation Brands, aperitif maker Haus finds new life after acquisition

The Naked Market bought the low-alcohol aperitifs maker for an undisclosed amount and is re-launching it online. The brand shut down last year after a $10 million funding round fell through.

By Christopher Doering • June 29, 2023

Walgreens stock plummets after pharmacy chain cuts 2023 outlook

“Our performance in the third quarter did not meet our overall expectations,” Walgreens CEO Roz Brewer told investors Tuesday morning.

By Rebecca Pifer • June 28, 2023

Il Makiage, SpoiledChild owner files IPO

Oddity said it plans to launch brands on a regular cadence and revealed in a filing that it has generated a net income since at least 2020.

By Dani James • June 26, 2023

Chico’s announces $100M stock repurchase program

The women’s fashion apparel retailer reported a small slide in its Q1 net sales, which fell to $534.7 million.

By Nate Delesline III • June 26, 2023

Changes to student loan policies set to hit retail around the holidays

Apparel retailers have the most to lose from the end of the pandemic-era payment pause, especially if the Supreme Court strikes down debt forgiveness.

By Daphne Howland • June 26, 2023

The Weekly Closeout: Walmart+ launches summer sale, Hasbro brings back Furby

The mass merchant joins other retailers announcing deal events around Prime Day, while the ’90s-era toy makes its return for its 25th anniversary.

By Retail Dive Staff • June 23, 2023

Leap raises $15M in fresh capital

The company, which helps DTC brands enter brick and mortar, will use the funds to enhance platform capabilities and accelerate its path to profitability.

By Howard Ruben • June 23, 2023

Regional off-price retailer Forman Mills lays off nearly 300, closes stores as it mulls bankruptcy

The 38-year-old company said it is working to sell itself and may have to file for Chapter 11 protection if it can't find a buyer.

By Daphne Howland • June 22, 2023

Overstock wins Bed Bath & Beyond IP at auction with $21.5M bid

The bid gives Overstock ownership of Bed Bath & Beyond’s internet properties, social media, mobile platforms, business data, publicity rights and trademarks.

By Nate Delesline III • June 22, 2023

Five Below poaches McDonald’s alum for CFO

The extreme-budget retailer is reshuffling its C-suite, with Ken Bull’s promotion to COO and Kristy Chipman’s appointment to CFO.

By Elizabeth Flood • June 20, 2023

The Weekly Closeout: Puma’s CEO overhauls marketing, Fanatics acquires Fexpro

The athletics retailer underwent a reorg in its marketing division, while Fanatics bought the Latin America-based sports wholesaler. 

By Retail Dive Staff • June 16, 2023

Lalo raises $10.1M in Series A

The baby and toddler brand plans to expand its footprint during the coming year both domestically and globally. 

By Dani James • June 15, 2023

Gorgie raises $6.5M in pre-seed funding

The functional beverage brand, created by Lively founder Michelle Cordeiro Grant, turned to individual investors for the funds instead of established firms.

By Dani James • June 14, 2023

Activewear brand Ten Thousand raises $21.5M

The DTC men’s brand also announced it formed a three-year partnership with Life Time Athletic Country Clubs.

By Howard Ruben • June 14, 2023

Overstock bids $21.5M for Bed Bath & Beyond’s intellectual property

Competing bids for Bed Bath & Beyond, which is liquidating in Chapter 11, are due Friday.

By Nate Delesline III • June 13, 2023

Adobe: Online prices fell 2.3% in May, the biggest drop since the pandemic began

Overall inflation has slowed in recent months and grocery price hikes are easing, the research firm found.

By Tatiana Walk-Morris • June 13, 2023

Westfield is handing over the keys to San Francisco Centre mall

Following Nordstrom’s plan to exit, and as part of its own plans to reduce its U.S. holdings, Westfield will transfer the property to its lender.

By Daphne Howland • June 13, 2023