Amazon CEO signals more layoffs to come in 2023

After announcing job cuts this week, Andy Jassy said the company would eliminate more roles, including in its team devoted to stores.

By Ben Unglesbee • Nov. 18, 2022

New chief Mary Dillon details plans to ‘simplify’ Foot Locker business, improve e-commerce

As Dillon sets her strategy, the retailer will no longer expand into Japan and is winding down two European ventures.

By Cara Salpini • Nov. 18, 2022

Gap Inc. recovers in Q3 despite Yeezy debacle and heavy discounting

The apparel retailer swung to a profit, and, in a surprise, its once-dormant Banana Republic label led the way.

By Daphne Howland • Nov. 18, 2022

Macy’s maintains inventory discipline for a solid Q3

The department store has plenty of fresh merchandise for the holidays, though inflation makes Q4 murky, executives said Thursday.

By Daphne Howland • Nov. 17, 2022

Kohl’s pulls guidance as it buckles up for discount-heavy holiday season

The retailer’s profits and sales continued their slide in the third quarter. Now it is headed into the most important period without a CEO. 

By Ben Unglesbee • Nov. 17, 2022

Casper refinances debt with new $80M credit facility

The funds will be used to retire another loan, as well as to support the capital needs of the business.

By Caroline Jansen • Nov. 17, 2022

Home Depot, Lowe’s post strong Q3 results despite inflation

The retailers are leaning on their pro customer segments as demand for DIY projects wanes and customers tighten their budgets.

By Caroline Jansen • Nov. 16, 2022

Target’s profits tumble again, casting a shadow over the holidays

Another disappointing quarter points to pressures on consumers, but some analysts also took the retailer to task for its performance.

By Ben Unglesbee • Nov. 16, 2022

Estee Lauder saves key sales driver with $2.8B Tom Ford deal

The beauty company beat out Gucci owner Kering, which was reportedly also in talks to buy the luxury apparel and accessories brand.

By Daphne Howland • Nov. 16, 2022

ThredUp lowers outlook amid fresh competition from legacy retailers

The price promotions being used to clear a glut of inventory at many stores are dampening demand for secondhand apparel, executives said.

By Daphne Howland • Nov. 15, 2022

Walmart raises full-year outlook as Q3 revenue jumps nearly 9%

However, the retailer saw a decline in general merchandise comparable sales even as it gained market share in grocery.

By Dani James • Nov. 15, 2022

Francesca’s names CFO

Teresa Baker is the company’s latest hire, following the fall appointments of its CTO and vice president of e-commerce. 

By Kaarin Moore • Nov. 15, 2022

Amazon reportedly plans 10K layoffs, with a focus on retail

The e-commerce giant is also downsizing divisions related to devices like Alexa and human resources, the New York Times reports.

By Daphne Howland • Nov. 14, 2022

Fitch downgrades Party City as maturities loom

The party goods retailer is fast losing any financial cushion, its turnaround is uncertain and restructuring is “probable,” Fitch analysts said last week.

By Daphne Howland • Nov. 14, 2022

American Dream cuts a deal with lenders to extend debt

The arrangement could give the massive mall in New Jersey more time after a tumultuous financial ride since opening. 

By Ben Unglesbee • Nov. 11, 2022

Skincare brand Topicals raises $10M in Series A financing

The direct-to-consumer company already has notable investments from Jay-Z co-founded Marcy Venture Partners, Kelly Rowland and more.

By Tatiana Walk-Morris • Nov. 11, 2022

The Weekly Closeout: Big Lots fills out C-suite and At Home faces downgrade

Big Lots named marketing and merchandising chiefs, while Moody’s downgraded the home retailer’s corporate credit rating.

By Retail Dive Staff • Nov. 11, 2022

Amazon scrutinizing unprofitable business units: WSJ

CEO Andy Jassy, who replaced founder Jeff Bezos a year ago, is keen to slash costs and spike profits, the Wall Street Journal reports.

By Daphne Howland • Nov. 10, 2022

Warby Parker narrows loss as it posts 8.3% revenue increase in Q3

The DTC brand also raised its 2022 outlook, expecting revenue to increase by up to 10.2% over last year. But growth is showing signs of slowing.

By Caroline Jansen • Nov. 10, 2022

Target pivots to larger stores with new 150K-square-foot format

The concept is 20,000 square feet larger than the company average, with more space for pickup services, fulfillment and merchandise.

By Ben Unglesbee • Nov. 10, 2022

Adidas will continue to sell Yeezy product without the Yeezy name

The athletic brand, facing steep revenue and profit losses after letting go of its most high-profile collaboration, again lowered its 2022 guidance.

By Daphne Howland • Nov. 9, 2022

Allbirds’ sales growth ‘disappointing’ given store expansion

The brand is also expanding its relationship with key wholesale partners, which co-CEO Joey Zwillinger says will raise brand awareness.

By Cara Salpini • Nov. 9, 2022

Revlon’s sales down 10% as it tries to right itself in Ch. 11

The cosmetics giant has worked to firm up relationships with suppliers and is also fielding potential interest in buying the company out of bankruptcy. 

By Ben Unglesbee • Nov. 9, 2022

DTC marketplace Heyday buys personal care startup ZitSticka

The marketplace has raised $800 million so far to fuel its acquisition and brand growth goals.

By Tatiana Walk-Morris • Nov. 9, 2022

Peloton co-founders raise $25M for new custom rug startup

John Foley, Hisao Kushi and Yony Feng hope to disrupt the industry with custom-cut rugs that aren’t bogged down by supply chain chaos. 

By Dani James • Nov. 8, 2022