Financial News: Page 44


  • A leafy green bush sits in front of a reddish brick store against a bright blue sky, with the name Kohl's in white block letters.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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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 March 1, 2023
  • A white truck is parked in front of a Lowe's store on a clear, bright day.
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    Daphne Howland/Retail Dive
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    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 March 1, 2023
  • Olaplex files for IPO.
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    Courtesy of Olaplex
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    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
  • Exterior of a Target store.
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    Courtesy of Target
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    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
  • Exterior of a Warby Parker store in Washington, D.C.'s Georgetown neighborhood
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    Caroline Jansen/Retail Dive
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    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 delivery van
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    The image by Elvert Barnes is licensed under CC BY 2.0
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    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
  • An illustration of a person hanging onto a coin in rough seas.
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    Adeline Kon/Retail Dive
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    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
  • A line of Skechers shoes with famous Diane  von Furstenberg prints.
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    Courtesy of Skechers
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    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
  • AllModern store exterior
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    Courtesy of Wayfair
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    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 Feb. 23, 2023
  • A Bath and Body Works storefront
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    Cara Salpini/Retail Dive
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    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 Feb. 23, 2023
  • Two people in Brooks Running apparel and shoes run down a road.
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    Courtesy of Brooks Running
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    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
  • Kanye West at Milk Studios
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    Jonathan Leibson / Stringer via Getty Images
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    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
  • A Public Lands storefront
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    Courtesy of Dick's Sporting Goods
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    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 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 Feb. 22, 2023
  • A blue sign with the Polo horse-and-rider logo and the words "Polo Ralph Lauren" hangs from a clapboard building.
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    Daphne Howland/Retail Dive
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    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 Feb. 22, 2023
  • The curved banner of a Walmart store, the brand name in white letters and the characteristic yellow sunburst logo to the right, against a blue sky.
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    Daphne Howland/Retail Dive
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    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
  • Outside storefront image of The Home Depot
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    Courtesy of The Home Depot
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    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 Feb. 21, 2023
  • Athletic shoes on a wall in a store.
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    Tim Boyle via Getty Images
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    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
  • Person wearing a suit outside with a city backdrop.
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    Courtesy of Indochino
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    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
  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images
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    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
  • Pharrell Williams at the 65th Grammy Awards on Feb. 5, 2023.
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    Amy Sussman via Getty Images
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    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
  • A mango-colored storefront says "Sierra" in white capital letters, against a bright blue sky.
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    Daphne Howland/Retail Dive
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    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 Feb. 17, 2023
  • 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
  • Low angle selected focus view of a person shopping in a supermarket while on a budget.
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    SolStock via Getty Images
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    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
  • Exterior of a Loyal Companion store in Bethesda, Maryland
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    Caroline Jansen/Retail Dive
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    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