New York City’s retail employment continues to lag

Even hard-hit restaurants have bounced back faster, with areas dependent on tourists and office workers in the worst shape, according to a new report.

By Daphne Howland • June 12, 2023

Ollie’s raises outlook, plans to open 45 new stores in 2023

The closeout-oriented retailer said it may expand its mix of directly sourced merchandise as its store footprint grows. 

By Nate Delesline III • June 12, 2023

Derek Jeter invests in Meati Foods

The Baseball Hall of Famer will also serve as an adviser to the mycelium meat alternative maker, which is working to expand its products to stores nationwide.

By Megan Poinski • June 12, 2023

A look at DTC acquisitions in 2023 so far

Despite overall M&A activity declining, DTC brands including Richer Poorer, Great Jones and Scotch & Soda have found buyers this year.

By Dani James • June 12, 2023

Nike will return to DSW stores, website this fall

The news comes just a week after Macy’s CEO Jeff Gennette announced the athletics brand would return to key locations in October.

By Cara Salpini • June 9, 2023

DTC candle brand Otherland acquired by Curio

The luxury candle company joins Curio Brands' portfolio, which includes fragrance lines Capri Blue and Thymes.

By Dani James • June 9, 2023

The Weekly Closeout: Yeezy sells despite controversy, Tamagotchi makes a comeback

All 12 styles Adidas released sold out, Wedbush said. Meanwhile, the ’90s-era toy has a new metaverse play and a tie-up with TikTok star Charli D’Amelio.

By Retail Dive Staff • June 9, 2023

Rent the Runway touts subscriber growth but faces challenges

Leaders pointed to 7.6% active subscriber growth in a Q1 earnings call, but cautioned a slowdown next quarter.

By Laurel Deppen • June 9, 2023

Macy’s remains committed to tech investments after sluggish quarter

The company plans to invest up to $3 billion over the next three years, with a focus on digital projects.

By Lindsey Wilkinson • June 9, 2023

J. Jill refinances long-term debt, plans new POS

After warning of potential bankruptcy in 2020, the retailer is now focused on investments to enhance its omnichannel capabilities.

By Nate Delesline III • June 8, 2023

Excess inventory at Neiman Marcus squeezes Q3 margins

Some consumers showed wariness in the period, but the department store said its top customers, brands and stores continue to do well.

By Daphne Howland • June 8, 2023

Mycelium technology company Ecovative raises over $30M

The company plans to increase production of its Forager line of hides and flexible foams ahead of new brand partner footwear and apparel launches.

By Lara Ewen • June 8, 2023

GameStop CEO fired, Ryan Cohen appointed executive chairman

Matt Furlong has served as chief executive since June 2021. Meanwhile, the company canceled its first-quarter earnings call on Wednesday.

By Dani James • Updated June 8, 2023

Lovesac C-suite shifts while Q1 net sales increase

The furniture brand’s CFO and chief strategy officers are retiring effective June 30 while the company looks to invest in tech for growth.

By Dani James • June 7, 2023

Adidas offers student loan help for US employees

The company is also offering free financial coaching, as 80% of employees say that student debt is stressing them out.

By Nate Delesline III • June 7, 2023

Stitch Fix mulls exiting the UK amid ongoing sales declines

The apparel box e-retailer, focused on profits and expense cuts, is closing two warehouses. But analysts wonder when revenues will rebound.

By Daphne Howland • June 7, 2023

Joann looks to private labels to help cut costs, boost sales

Falling freight expenses are also getting the sewing and crafts retailer closer to its $200 million savings goal, announced earlier this year.

By Daphne Howland • June 6, 2023

Great Jones sold to maker of KitchenAid, Farberware

Under Meyer, the DTC cookware brand’s co-founder and CEO, Sierra Tishgart, will continue to lead the brand.

By Caroline Jansen • June 6, 2023

Five Below sales up nearly 14% as it scoops up Tuesday Morning leases

The retailer is also on track to convert 400 stores to its higher-priced Five Beyond format before the end of the year.

By Nate Delesline III • June 5, 2023

L’Oréal’s VC firm invests in biotech company Debut

The $34 million series B funding round was led by the beauty giant in order to bring novel bioactive cosmetic ingredients and products to consumers. 

By Tatiana Walk-Morris • June 5, 2023

Bark’s Q4 revenue takes a hit as order volume falls

By channel, the BarkBox and Super Chewer parent company saw DTC revenue fall 1.5% year over year, while wholesale revenue fell 9.3%.

By Howard Ruben • June 5, 2023

Lululemon rides 60% international growth to $2B quarter

Greater China in particular grew 79%, and the region will account for the majority of international store openings planned for the year.

By Cara Salpini • June 2, 2023

Victoria’s Secret prepares to relaunch Pink following challenging Q1

Sales in North America were “more promotional than planned,” according to CEO Martin Waters. 

By Kaarin Moore • June 2, 2023

Dr. Martens reaches revenue milestone while sales in the Americas disappoint

The footwear company attributed its struggle in the region to a poor transition of distribution centers and its marketing campaigns.

By Dani James • June 2, 2023

Dollar General cuts guidance, shareholders OK safety audit

The retailer also plans to slow the opening pace of its PopShelf stores this year. 

By Nate Delesline III • June 1, 2023