The Backroom: Unearthing financial details about J.C. Penney

The team talks about the treasure trove of information on the department store’s financial health, found thanks to a tip from one of its new owners.

By Retail Dive Staff • March 30, 2023

Lovesac net sales up 22% in Q4 amid industry pressures

The DTC furniture brand has been strengthening its wholesale presence, opening 33 new in-store pop-ups at Costco.

By Dani James • March 29, 2023

Foot Locker plans app, website revamp as it aims for $2.5B in digital sales

The retailer is “trailing the broader market” when it comes to digital penetration, and hopes to grow the channel to 25% of sales by 2026.

By Cara Salpini • March 29, 2023

Lululemon revenue surges 30% in 2022, but Mirror drags down results

The retailer took a $443 million impairment charge on the home workout business in Q4 as it pivots to an app-focused content model.

By Cara Salpini • March 29, 2023

‘It’s done, it’s over’: Eddie Lampert’s Sears case won’t go to Supreme Court

Three courts had already rejected an attempt from Lampert and other lenders to wring millions more from what’s left of the former retail giant.

By Daphne Howland • March 27, 2023

Scotch & Soda acquired by Bluestar Alliance

The fashion lifestyle brand filed for bankruptcy in the Netherlands last week, and now joins a portfolio that includes Justice and Brookstone.

By Dani James • March 27, 2023

Refill startup Blueland reaches profitability

Four years after being founded, the home care brand is entering Target and Costco stores as it continues to grow its wholesale presence.

By Dani James • March 27, 2023

Bed Bath & Beyond plans another 1,300 layoffs

The layoffs affect workers in the company’s New Jersey operations, including at its Harmon beauty unit, according to information filed with the state.

By Daphne Howland • March 27, 2023

Momofuku Goods raises $17.5M

The pantry essentials brand was spun off from Momofuku in 2020 and will use the funding to grow its product offerings in an increasingly competitive field.

By Dani James • March 23, 2023

Ollie’s aims to grow footprint to over 1,000 stores

By fiscal 2024, the closeout retailer plans to expand its distribution center network to support 700 stores.

By Nate Delesline III • March 23, 2023

Chewy plots international expansion

The online pet retailer is planning its first venture outside of the U.S. over the next few quarters, executives said Wednesday.

By Caroline Jansen • March 23, 2023

L’Oréal takes a step toward more sustainable ingredients with investment in Geno-led venture

The beauty giant joins Unilever as a founding investor in the venture, which aims to develop alternatives to frequently used ingredients.

By Xanayra Marin-Lopez • March 23, 2023

US retail sector leads corporate defaults: S&P Global

Retail faces continuing challenges with logistics, labor and supplier cost inflation, which is squeezing margins, as consumers pull back.

By Nate Delesline III • March 22, 2023

Petco adds 1M customers in 2022

The retailer is leaning into its health and wellness offerings, introducing a pet food subscription service in partnership with Freshpet.

By Caroline Jansen • March 22, 2023

GameStop posts first quarterly profit in two years

CEO Matt Furlong said the company will continue cost cutting and cost containment to help sustain profitability.

By Nate Delesline III • March 22, 2023

Nike touts ‘tremendous progress’ on inventory as sales grow 14%

Much of the retailer’s recent revenue surge has been driven by markdowns, analysts said, and inventory is still up 16% year over year.

By Cara Salpini • March 22, 2023

DSW parent undergoes layoffs as the company looks to ‘pare back every line of spending possible’

Designer Brands is actively working to cut back, even as it builds out its owned brand strategy.

By Kaarin Moore • March 22, 2023

The Vitamin Shoppe owner gets buyout offer topping $1B

Franchise Group’s management in January had reportedly considered taking the company private themselves for a similar price. 

By Daphne Howland • March 21, 2023

On reports a profitable year with DTC, wholesale growth

The brand saw net sales increase by 91.9% in its fourth quarter, and it will be expanding into tennis while it grows its focus on running.

By Dani James • March 21, 2023

Bed Bath & Beyond proposes reverse stock split

The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.” 

By Nate Delesline III • March 20, 2023

Foot Locker to shutter 400 mall-based stores by 2026

As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.

By Cara Salpini • March 20, 2023

Virtual clothing platform DressX raises $15M

Founded in 2020, the metaverse fashion company sells its digital clothing on marketplace platforms like Roblox, Meta and others.

By Xanayra Marin-Lopez • March 20, 2023

Mattel CFO sees movie tie-in boosting Barbie sales

The toymaker had a tough 2022, but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.

By Chris Gaetano • March 20, 2023

Ironic totes help deliver L.L. Bean’s second-best revenue year

The Maine outdoor retailer, best known for its iconic boots, plans to expand inclusive sizing after seeing sales rise 15% in that segment.

By Daphne Howland • March 17, 2023

Purple sets sights on premium customer

Helped by its September acquisition of Intellibed, the DTC brand is positioning itself within the higher-end mattress market.

By Caroline Jansen • March 17, 2023