Foot Locker to cut corporate roles, wind down Sidestep banner

New CEO Mary Dillon is rapidly making changes to a business that analysts said "clearly needed a shake-up.”

By Cara Salpini • Jan. 27, 2023

Levi’s CEO: ‘The skinny jean is not going anywhere’

Baggy styles are on-trend and selling, but the closet staple is hanging around. Meanwhile, the company sees inventory returning to normal by mid-year.

By Daphne Howland • Jan. 26, 2023

The Backroom: What’s going on with DTC this year?

The team introduces new co-host Dani James and talks about changes in the direct-to-consumer space and the ongoing importance of brick and mortar.

By Retail Dive Staff • Jan. 26, 2023

E-retailers Saks, Saks Off 5th, The Bay resort to layoffs amid turmoil in tech

In 2021, HBC split the online and brick-and-mortar operations of its companies to gain financial and talent advantages. Now, all three spinoffs are cutting jobs.

By Daphne Howland • Jan. 25, 2023

Walmart to raise hourly wages

The company says the change will bring average hourly pay to $17.50 for about 340,000 workers.

By Nate Delesline III • Jan. 25, 2023

Former Kind execs launch incubation and investment firm Camino Partners

The entity represents a new name and mission for Daniel Lubetzky’s Equilibra Partners Management, with a goal of helping startups on their journey.

By Megan Poinski • Jan. 25, 2023

Serta Simmons files for Chapter 11

The company, whose holdings include DTC brand Tuft & Needle, is also suing to uphold the terms of a 2020 loan that it calls “critical.”

By Daphne Howland • Jan. 24, 2023

Purple rejects takeover bid

Coliseum Capital Management sent the brand an unsolicited proposal in September to acquire its remaining common stock for $4.35 a share.

By Caroline Jansen • Jan. 24, 2023

Prestige brand Makeup by Mario raises $40M

Founded by celebrity makeup artist Mario Dedivanovic, the brand joins a list of companies that have snagged funding amid a downturn in VC-backed capital.

By Dani James • Jan. 24, 2023

Thirteen Lune raises $8M in seed round

The company said that the investment puts it on track to reach profitability this year.

By Tatiana Walk-Morris • Jan. 23, 2023

What retailers can expect from consumers this year

Consumers are more cautious and discerning, yet eager to get out and about, Euromonitor’s Michelle Evans told an NRF audience last week.

By Daphne Howland • Jan. 23, 2023

Hatch gains operational control over Destination Maternity, A Pea in the Pod, others

Marquee Brands has taken a minority stake in the newly-formed Hatch Collective, led by Hatch CEO and founder Ariane Goldman.

By Dani James • Jan. 23, 2023

Bed Bath & Beyond receives Nasdaq warning over late 10-Q

The distressed retailer has until March 13 to regain Nasdaq listing compliance by submitting the financial report.

By Nate Delesline III • Jan. 20, 2023

Saks.com expected to lay off 100, half in tech

The layoffs affect almost 4% of the luxury retailer’s workforce, which had more than doubled since it separated from the brick-and-mortar operations.

By Daphne Howland • Jan. 20, 2023

The Weekly Closeout: Amazon discontinues charity program, Stitch Fix takes to Twitter for CEO search

The e-commerce giant is ending its AmazonSmile program after a decade and the styling service is seeking out CEO applicants via social media.

By Retail Dive Staff • Jan. 20, 2023

Off-price Rack drags down Nordstrom’s holiday performance

But the retailer's seasonal results reflect margin consistency, and its focus on inventory management could pay off, some analysts say.

By Daphne Howland • Jan. 20, 2023

Web3 fashion startup Syky raises $9.5M

The company aims to entice shoppers with incentives tied to its non-fungible token.

By Tatiana Walk-Morris • Jan. 19, 2023

Judge grants Party City immediate access to $75M bankruptcy loan

The remainder of a $150 million debtor-in-possession loan will not be released until February.

By Nate Delesline III • Jan. 19, 2023

L’Oréal’s VC fund makes first metaverse investment with Digital Village

The beauty company is following the digital trend with a minority investment through its venture capital fund.

By Xanayra Marin-Lopez • Jan. 19, 2023

Olympia Sports’ intellectual property headed to auction

The retailer, which once had a footprint of 230 stores, is among the latest retail brand names up for grabs following a Chapter 11 bankruptcy.

By Nate Delesline III • Jan. 13, 2023

Morphe parent company files for Chapter 11 bankruptcy

Forma Brands — which also operates Playa Beauty and Jaclyn Cosmetics — has entered a proposed $33 million acquisition deal with lenders. 

By Dani James • Jan. 12, 2023

‘Retailers are getting squeezed’ by price-weary consumers, supply chain costs: report

Nearly all 50 retail executives surveyed in Deloitte’s latest study expect inflation to pressure profits this year.

By Dani James • Jan. 12, 2023

P&G acquires haircare brand Mielle Organics

The textured hair brand — founded in 2014 by husband-and-wife duo Monique and Melvin Rodriguez — said it has no plans to change existing formulas. 

By Dani James • Jan. 12, 2023

Bed Bath & Beyond plans more layoffs

As sales slide and bankruptcy looms, the struggling home goods retailer is looking to cut costs.

By Caroline Jansen • Jan. 11, 2023

Mattress Firm pauses IPO plans, citing market volatility

One analyst predicts the move could signal the mattress retailer’s interest in being acquired.

By Nate Delesline III • Jan. 11, 2023