Bed Bath & Beyond files to sell more stock

Following the sale of 12 million shares earlier this year, the struggling retailer submitted paperwork to sell an additional $150 million worth of shares.

By Caroline Jansen • Oct. 28, 2022

The Weekly Closeout: Petco partners with Nationwide for pet insurance and Shopify plans on becoming profitable

The pet retailer will begin offering plans starting next year, and the e-commerce company had a second-quarter revenue increase of 22%.

By Retail Dive Staff • Oct. 28, 2022

Mattel girds itself for bumpy end to the year

The toy maker trimmed its guidance on profitability this year, though it has benefited from price increases and cost cuts. 

By Ben Unglesbee • Oct. 27, 2022

The Backroom: Retail bankruptcies are poised for a comeback

What can we learn about the industry as a whole by looking at its weakest players?

By Retail Dive Staff • Oct. 27, 2022

The Children’s Place gets its second CFO in 2 years

Sheamus Toal, who spent 16 years with New York & Co, is set to join the apparel retailer as it weathers a tough consumer environment.

By Ben Unglesbee • Oct. 25, 2022

Adidas drops Ye over ‘hate speech,’ forgoing close to $250M in profits this year

To regain customer trust, the sneaker giant had no choice but to sever ties with the fashion designer and hip hop artist also known as Kanye West.

By Daphne Howland • Oct. 25, 2022

Mattel to pay $3.5M to settle SEC charges over accounting issues

The toy giant did not admit to any wrongdoing in what the agency said were misstatements in its financial reports and a lack of controls to prevent them. 

By Ben Unglesbee • Oct. 24, 2022

Deflated expectations for Amazon in the post-Jeff Bezos era

Rising costs, disappointing Prime sales and inflation are leading some analysts to temper their projections ahead of the e-commerce giant’s Q3 report.

By Daphne Howland • Oct. 24, 2022

NYSE sets Revlon delisting in motion

The cosmetics giant, which filed for bankruptcy in June, faces severe supply chain problems but has also lost ground to more innovative rivals.

By Daphne Howland • Oct. 21, 2022

The Weekly Closeout: Peloton’s chief people officer to exit and Home Depot launches jobseeker marketplace

The at-home fitness brand recently saw other executives depart, and the home improvement store looks to connect with pros.

By Retail Dive Staff • Oct. 21, 2022

Adidas cuts guidance (again) amid inventory pileup

Any hope that the markdown mayhem of this year would be over by the holidays is fading. 

By Ben Unglesbee • Oct. 21, 2022

Hasbro suffers as inventory hangover eats into profits in Q3

The toy giant took a 31% hit to operating profit in its consumer products segment while price-wary consumers pulled back on purchases.

By Ben Unglesbee • Oct. 20, 2022

Bed Bath & Beyond met with downgrade as it looks to swap out debt

The retailer’s interim CEO said it was looking to address its nearest bond maturities and “any impact they may have on our current and future business.”

By Ben Unglesbee • Oct. 19, 2022

Michaels downgraded at S&P as pandemic craft boom wanes

With consumers pulling back on discretionary spending and changing their habits, the retailer is under pressure after last year’s leveraged buyout. 

By Ben Unglesbee • Oct. 18, 2022

Nordstrom in search of new finance chief at a tricky time

Anne Bramman arrived five years ago and oversaw a volatile period, including the family’s attempt to take the department store private.

By Daphne Howland • Oct. 18, 2022

Goat Group agrees to buy streetwear marketplace Grailed

The sneaker resale site is chasing growth after evolving into a hub of secondhand and new fashion, including apparel and accessories.

By Daphne Howland • Oct. 17, 2022

After years of litigation, Toys R Us’ creditors reach resolution with former execs

A judge approved a settlement in a lawsuit brought by suppliers and others the toy retailer owed money to when it collapsed in bankruptcy. 

By Ben Unglesbee • Oct. 17, 2022

What September’s retail sales mean for the holidays

Consumers are spending and shopping early, but inflation is still squeezing their budgets. Retailers have their work cut out for them this season.

By Daphne Howland • Oct. 17, 2022

Amazon’s fall sales event estimated to have fallen short of Prime Day — while still raking in billions

Transaction values and revenue in the holiday kickoff sale came in well under the company’s traditional summer sale this year, according to outside estimates.

By Ben Unglesbee • Oct. 14, 2022

The Weekly Closeout: Lacoste names deputy CEO and Mattress Firm is (still) mulling an IPO

Catherine Spindler was most recently the company’s chief brand officer, while the mattress company’s owner is still figuring out what to do with it.

By Retail Dive Staff • Oct. 14, 2022

Victoria’s Secret aims for $7.4B in revenue with focus on core merchandise and international expansion

The intimates giant will take back market share from DTC rivals thanks in part to its dramatic marketing pivot, CEO Martin Waters said Thursday.

By Daphne Howland • Oct. 13, 2022

Rue21 has a deal to bolster finances ahead of holidays

The teen retailer said it had an agreement with lenders that would secure working capital and “preserve continuity” with suppliers and vendors.

By Ben Unglesbee • Oct. 13, 2022

Senate mulls bill targeting online sales of counterfeits and stolen goods

The INFORM Consumers Act, which would require marketplaces to verify seller identities, was added to a defense spending authorization. 

By Ben Unglesbee • Oct. 12, 2022

Levi’s slashing prices, cutting Q1 orders by 25% amid inventory deluge

With inventory rising all year, including a 43% surge in Q3, the denim maker is taking drastic measures to get back to normal by Q2 next year.

By Daphne Howland • Oct. 11, 2022

Adobe: Online holiday spending will near $210B this year

Industry analysts predict that while online shopping is projected to increase from last year, retailers could face more risk than they anticipated.

By Tatiana Walk-Morris • Oct. 10, 2022