Bed Bath & Beyond Canada is going out of business

The struggling home goods retailer will no longer support the unprofitable operations, and all 54 namesake and 11 BuyBuy Baby stores will close.

By Daphne Howland • Feb. 13, 2023

Bark lays off 12% of full-time workforce

The job cuts, which affect 126 employees, are intended to reduce costs as the online pet retailer works to reach profitability.

By Caroline Jansen • Feb. 10, 2023

Online prices fall for fifth consecutive month: report

January online prices fell 1% year over year, and “e-commerce will be an important battleground” in 2023, according to Adobe. 

By Tatiana Walk-Morris • Feb. 10, 2023

Newell Brands taps new CEO amid sales decline

The Yankee Candle and Sharpie owner recorded an 18.5% drop in net sales for the fourth quarter and said its chief executive would retire in May.

By Dani James • Feb. 10, 2023

The Weekly Closeout: Panera debuts baguette bag and Adidas navigates celebrity partner fallout

The chain restaurant released a $39.50 purse and the sports retailer made recent headlines regarding its work with Beyoncé and Ye. 

By Retail Dive Staff • Feb. 10, 2023

Wolverine Worldwide sells Keds to Designer Brands

Designer Brands has sought new retail partners and wants to increase the revenue of its private labels.

By Tatiana Walk-Morris • Feb. 9, 2023

Adidas issues ‘shockingly bad’ 2023 guidance after Ye breakup

The apparel company’s decision to end its partnership with Kanye West may cost more than $1 billion.

By Nate Delesline III • Feb. 9, 2023

Last-minute funding buys Bed Bath & Beyond more time

As part of the company’s turnaround strategy, it aims to reduce its brick-and-mortar footprint to 480 stores.

By Nate Delesline III • Feb. 8, 2023

To rescue Vans, VF aims to replicate success at The North Face

After another tough quarter, the apparel conglomerate is cutting costs and mulling a sale of backpack brands Kipling, Eastpak and JanSport.

By Daphne Howland • Feb. 8, 2023

Under Armour turns to athleisure for growth

Catering to the rest of a customer’s day could triple its addressable market, according to interim chief Colin Browne.

By Cara Salpini • Feb. 8, 2023

Simon Property Group sells off Eddie Bauer interest as its retail investments tumble

Many of the REIT’s retailers and brands are profitable, and even J.C. Penney is thriving, but Forever 21 had a tough 2022, CEO David Simon said.

By Daphne Howland • Feb. 7, 2023

American Dream misses another $8.8M loan payment

The experience-rich mega-mall in New Jersey, which lost some $60 million in 2021, also struggled to meet financial obligations last year.

By Daphne Howland • Feb. 6, 2023

Ugg, Hoka stepped up DTC activity in Q3

Deckers is focused on having 50% of the business be direct to consumer, with the channel seeing an 18.7% increase during the quarter.

By Dani James • Feb. 6, 2023

‘The music has stopped’: A look at venture capital in retail

VC funding in retail declined in 2022, and a slew of layoffs in 2023 paints a bleak picture. But it could just signal a return to normal.

By Dani James • Feb. 6, 2023

M&A, IPO activity fell throughout 2022

Online retail saw a 32% year-over-year decline in the number of deals in 2022, according to a report from Hampleton Partners.

By Dani James • Feb. 3, 2023

Amazon plans further improvements to Prime membership as Q4 sales slip

As the e-commerce giant focuses on further tightening its operations, it will continue to add to the many perks members enjoy, executives said.

By Daphne Howland • Feb. 3, 2023

The Weekly Closeout: Dollar General reaches store milestone and REI lays off staff

The discount chain opened its 19,000th store in Missouri this week while the outdoor retailer is cutting 8% of its headquarters workforce.

By Retail Dive Staff • Feb. 3, 2023

Ariana Grande to buy her beauty brand’s assets from Forma Brands for $15M

The singer’s brand, R.e.m. Beauty, entered into a licensing agreement with the company in December 2020.

By Dani James • Feb. 2, 2023

Peloton touts ‘best quarterly performance’ in a year

However, revenue was still down 30% year over year and net loss exceeded $300 million.

By Dani James • Feb. 1, 2023

Purple projects net loss up to $97.5M for 2022

CEO Rob DeMartini said that inflationary pressure on consumer spending and increased promotional activity have impacted profitability. 

By Dani James • Jan. 31, 2023

Amass Brands acquires operating assets of wine company Winc

The spirits conglomerate is taking on several brands from Winc’s portfolio, which filed for bankruptcy in December due in part to declining DTC sales. 

By Dani James • Jan. 27, 2023

Newell Brands to lay off 13% of office staff

The cuts will be done by the end of 2023 and are part of a broader restructuring plan aimed at saving up to $250 million a year.

By Xanayra Marin-Lopez • Jan. 27, 2023

As it inches toward bankruptcy, Bed Bath & Beyond defaults on loan

The distressed home goods retailer said it doesn’t have enough cash to pay down its debts.

By Caroline Jansen • Jan. 27, 2023

The Weekly Closeout: Foot Locker faces privacy suit and Levi’s misquotes Mark Twain

A lawsuit alleges the athletics retailer violated California’s privacy act. Meanwhile, Levi’s CEO Chip Bergh cited the author on why skinny jeans are not dead.

By Retail Dive Staff • Jan. 27, 2023

Hasbro slashes global workforce amid challenging consumer environment

The move is part of a reorganization that includes the COO’s departure and a shift away from consumer products.

By Daphne Howland • Jan. 27, 2023