Financial News: Page 44
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Kohl’s mulls pricing changes in turnaround reboot
Under a new CEO, the struggling department store also aims to expand e-commerce, modernize stores and right-size inventory while cutting costs.
By Daphne Howland • March 1, 2023 -
Lowe’s warns comps could fall up to 2% in 2023 as demand softens
The home improvement retailer is more vulnerable to pullbacks in consumer spending because of its position among DIY customers.
By Caroline Jansen • March 1, 2023 -
Olaplex calls 2023 ‘a reset year’ as it braces for 41% sales hit in Q1
The DTC company, which is facing a lawsuit that alleges problems with its products, expects net sales to fall 15% for the year.
By Tatiana Walk-Morris • March 1, 2023 -
Target profits continue to slide as discretionary purchases slow
The retailer said consumer spending on essentials, like food, helped offset inflation-driven sales slides in discretionary buys.
By Nate Delesline III • Feb. 28, 2023 -
Warby Parker narrows Q4 net loss amid economic uncertainty
The DTC eyewear brand saw revenue increase 10.2% year over year, and it plans to grow its physical footprint with 40 new stores in 2023.
By Dani James • Feb. 28, 2023 -
Amazon expanding same-day delivery service
The retailer plans to respond to customer demand for fast delivery by growing its fulfillment center footprint, but that could mean added fees.
By Nate Delesline III • Feb. 27, 2023 -
Tracker
The running list of major retail bankruptcies
Since December, retailers including Party City, The Container Store and Joann have all filed for Chapter 11.
By Retail Dive Staff • Updated April 11, 2025 -
Column
The Weekly Closeout: REI rolls out new product standards and Skechers teams with Diane von Furstenberg
The outdoor retailer is asking brand partners to set emissions reduction targets. Meanwhile, the shoe brand’s latest collaboration features “Endless Kisses.”
By Retail Dive Staff • Feb. 24, 2023 -
Wayfair’s net loss tops $1.3B in 2022
The online home goods retailer saw its customer base contract even further despite increased advertising spend during the period.
By Caroline Jansen • Feb. 23, 2023 -
Bath & Body Works chases sales and profits by slashing costs, leaving the mall
Under a new CEO and amid a tussle with an activist investor, the retailer has hired outside advisers to find ways to expand margins and boost earnings.
By Daphne Howland • Feb. 23, 2023 -
Brooks Running records 16% DTC sales growth in 2022
Global revenue increased 6% as the brand expanded its e-commerce presence.
By Tatiana Walk-Morris • Feb. 23, 2023 -
S&P, Moody’s downgrade Adidas following low guidance
The apparel retailer will need to improve operational and financial challenges to avoid another downgrade, analysts say.
By Nate Delesline III • Feb. 22, 2023 -
Dick’s to buy Moosejaw from Walmart
The sporting goods company is acquiring the outdoor e-retailer for an undisclosed amount and will run it under its Public Lands division.
By Daphne Howland • Feb. 22, 2023 -
Shrink takes a bite out of TJX margins, profits
But the off-pricer remains well positioned to take share as merchandise floods the market and consumers continue to seek out deals.
By Daphne Howland • Feb. 22, 2023 -
Luxury demand strong amid consumer weakness
A few brands are out of favor, while others are making a comeback, as consumers across income levels continue to shop for upscale goods.
By Daphne Howland • Feb. 22, 2023 -
Walmart issues cautious 2023 guidance as inflation persists
Low-margin items in grocery and wellness made up more of the retailer's sales mix in 2022 while high-margin categories were softer.
By Nate Delesline III • Feb. 21, 2023 -
Home Depot puts $1B toward higher wages as labor market stays tight
Despite many headwinds, the home improvement retailer expects to take market share, thanks in part to its customer service, executives said.
By Daphne Howland • Feb. 21, 2023 -
2023 will be a ‘reset year’ for the footwear industry: NPD
Sales might finally stabilize in the sector, and casual shoes will continue to grow as shoppers prioritize necessities.
By Tatiana Walk-Morris • Feb. 21, 2023 -
Indochino posts 40% revenue increase in 2022
The suit brand noted record-breaking results over the Black Friday weekend, and attributed some of its sales success to sports partnerships.
By Tatiana Walk-Morris • Feb. 21, 2023 -
Credit card debt surpasses pre-pandemic levels: Fed
Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.
By Tatiana Walk-Morris • Feb. 21, 2023 -
Column
The Weekly Closeout: Louis Vuitton brings on Pharrell Williams, Belk plots more outlet stores
The fashion designer and singer joins the luxury brand as men’s creative director, while the department store plans up to six outlet openings by mid-April.
By Retail Dive Staff • Feb. 17, 2023 -
Smooth sailing ahead for (most) off-price retailers
TJX is a standout in a space that continues to benefit from a dicey economy, while Nordstrom Rack struggles to gain a foothold.
By Daphne Howland • Feb. 17, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning says lenders’ actions contributed to Chapter 11
The company, which is preparing to close hundreds of stores, said when Wells Fargo increased its reserves, the move “effectively eliminated” the retailer’s operating liquidity.
By Nate Delesline III • Feb. 16, 2023 -
Nearly 70% of consumers to cut back on nonessential spending: report
Inflation is influencing consumers’ shopping habits, according to a survey by PwC. But, luxury buyers may be insulated from the trend.
By Tatiana Walk-Morris • Feb. 16, 2023 -
Independent Pet Partners files Ch. 11, looks to sell some stores
The owner of Loyal Companion is closing dozens of stores and selling some of its locations to Pet Supplies Plus and other competitors.
By Kaarin Vembar and Tatiana Walk-Morris • Feb. 16, 2023