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

Macy’s slashes outlook after weak Q1

The department store has fared worse this year than it expected, and is bracing for customers to continue to pull back in coming months.

By Daphne Howland • June 1, 2023

Higher shipping costs keep biting into Williams-Sonoma’s earnings

The retailer has shipped from out-of-market distribution centers and made multiple deliveries for multi-unit products in order to reach customers quicker.

By Max Garland • June 1, 2023

Nordstrom gains steam in Q1, especially in off-price

After a soft start to the quarter, sales gained momentum in April, thanks in large part to merchandise improvements at Rack, executives said Wednesday. 

By Daphne Howland • June 1, 2023

VC funding for food and beverage plunging amid challenging environment, data shows

Over the last four quarters, the amount raised and the number of deals have fallen significantly compared to the prior year, according to PitchBook.

By Christopher Doering • May 31, 2023

DTC paint brand Clare to raise prices

The cost of a gallon of paint will increase by an average of 8% as the company faces “outsized inflation,” CEO Nicole Gibbons said in an email to customers.

By Dani James • May 31, 2023

Hoka to hit $2B in sales as DTC channel grows

The athletic footwear brand reported its fourth consecutive year of revenue growth above 50%, according to Deckers CEO Dave Powers.

By Dani James • May 30, 2023

Big Lots reports ‘disappointing’ quarter, plans store leasebacks

The retailer will also close four distribution centers and imposed a dividend suspension. 

By Nate Delesline III • May 30, 2023

The Weekly Closeout: Dollar Tree margins pressured by inflation, Tuesday Morning IP up for sale

The dollar chain is seeing a pullback on discretionary purchases, while Hilco Streambank seeks a buyer for the discount home retailer’s assets.

By Retail Dive Staff • May 26, 2023

Ulta to put fragrance behind locked cabinets in 70% of stores thanks to increased theft

The beauty retailer, with Q1 sales growth topping 12%, said it’s investing in security guards and police presence in parking lots to deter crime.

By Cara Salpini • May 26, 2023

Gap Inc. losses shrink in Q1 as sales continue to slide

Major cost cuts, including the elimination of some 2,300 jobs in recent months, are helping stabilize the bottom line.

By Daphne Howland • May 26, 2023

Best Buy CEO: ‘2023 will be the bottom’ for falling electronics sales

Profits and revenue declined in Q1, driven by falling computer, appliance, home theater and mobile phone sales, executives said Thursday.

By Daphne Howland • May 25, 2023

The Backroom: How the consumer is doing so far this year

Discretionary goods are a low priority amid an uncertain economy and a desire to spend on experiences, but retailers are holding their own. What about the rest of 2023?

By Retail Dive Staff • May 25, 2023

Citing progress in Q1, Kohl’s will open new stores, avoid closures

The department store is working on its turnaround this year, leaning heavily on its Sephora partnership to drive sales and traffic.

By Daphne Howland • May 24, 2023

Express closes on Bonobos acquisition as sales fall 15%

The apparel retailer has hired advisers to help it cut costs as losses pile up.

By Nate Delesline III • May 24, 2023

Dick’s plans 9 House of Sport stores in 2023 as sales rise 5.3%

Unlike Foot Locker, the sporting goods retailer said its consumer is holding up well as it reaffirmed its full-year outlook.

By Cara Salpini • May 24, 2023

Indochino saw ‘record setting’ revenue in Q1

The privately held DTC brand attributed the sales to its expanded women’s offering, diversified partnerships and strong shop-in-shop execution.

By Howard Ruben • Updated May 25, 2023

Ariana Grande’s R.e.m. Beauty receives investment from Sandbridge Capital

The makeup company hopes to optimize its “global potential.” The celebrity bought back the brand's assets in February.

By Dani James • May 23, 2023

Lowe’s lowers full-year guidance as DIY spending softens in Q1

Despite near-term economic pressures, the home improvement chain said it has a generally positive long-term outlook.

By Nate Delesline III • May 23, 2023

Digital Brands Group sees potential for 50 retail stores

Thanks mostly to its acquisition of women's apparel brand Sundry, the direct-to-consumer company reported a net revenue increase of 48% in Q1.

By Dani James • May 22, 2023

Adidas to resume selling Yeezy products at the end of May

It’s the first time the products have been up for sale since Adidas broke ties with Kanye West, also known as Ye, in October.

By Cara Salpini • May 22, 2023

The Container Store announces layoffs

The retailer employs over 5,000 people, but would not disclose the number of jobs impacted. 

By Kaarin Moore • May 22, 2023

Bath & Body Works will launch hair care products in 560 stores this summer

The chain is looking for ways to grow and find new customers as its booming pandemic-related sales subside.

By Daphne Howland • May 19, 2023

Foot Locker sales fall 11% as consumers pull back on spending

Planning for larger declines than anticipated, the retailer slashed its full-year guidance and brought on a Kohl’s veteran as chief financial officer.

By Cara Salpini • May 19, 2023

Walmart sales up 7.6% as shoppers hunt for low prices

Cheap groceries and household goods are drawing in more customers, including higher-income ones, but analysts say few are buying more than that.

By Nate Delesline III • May 18, 2023