Hasbro could restructure or sell off entertainment assets: Bloomberg

The toy giant bought the eOne studio for around $4 billion in 2019 under a previous CEO and then ran into the media disruptions of the pandemic.  

By Ben Unglesbee • Aug. 22, 2022

Adidas CEO Kasper Rorsted stepping down next year

The sports apparel and footwear brand lowered its outlook for the year and is now searching for a new chief executive.

By Daphne Howland • Aug. 22, 2022

Bed Bath & Beyond is at risk of filing for bankruptcy. How did it get here?

The retailer has lost sales and market share all while experiencing mounting losses. And without a leader at the helm, it faces an inflection point.

By Caroline Jansen • Aug. 19, 2022

Former Ulta chief Mary Dillon’s arrival as Foot Locker CEO a ‘narrative changer’

Dillon, credited with the beauty retailer's transformation, replaces Richard Johnson as president and chief executive in less than two weeks.

By Daphne Howland • Aug. 19, 2022

Bed Bath & Beyond taps Kirkland & Ellis for debt help: Bloomberg

The retailer is addressing its balance sheet as it manages flagging sales and a seemingly endless turnaround. 

By Ben Unglesbee • Aug. 19, 2022

Kohl’s will bring Sephora to all stores in hopes of adding $2B in sales by 2025

A similar partnership with the beauty retailer didn’t do much for rival J.C. Penney, but Kohl’s sees potential in the tie-up as sales and profits plummet.

By Daphne Howland • Aug. 18, 2022

Bath & Body Works cuts 130 positions, COO exits

The retailer is positioning itself for long-term growth, and is expected to save around $30 million in the second half of the year. 

By Kaarin Moore • Aug. 18, 2022

Ryan Cohen to exit activist stake in Bed Bath & Beyond

The Chewy founder and GameStop chair bought into the retailer this year, blasting its strategy. Its struggles have only continued since then. 

By Ben Unglesbee • Aug. 18, 2022

Rising prices have made shoppers choosey, budget-minded and less loyal — but they’re still spending

With some relief at the pump for consumers in July, retail sales held steady against inflation. But the rest of the year could be tough as the holidays approach.

By Daphne Howland • Aug. 18, 2022

Home Depot pushes ahead of Lowe’s as it leans on pro customers

A shorter spring impacted sales from DIY customers, but that disproportionately affected Lowe’s, which receives 75% of sales from that cohort.

By Caroline Jansen • Aug. 17, 2022

Target takes 87% hit to operating profit as it resets inventory

The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?

By Ben Unglesbee • Aug. 17, 2022

ThredUp lays off 15% of its corporate workforce as Q2 losses widen

The tough spending environment has come for resale, although higher-income customers looking for upscale goods spent more on average.

By Daphne Howland • Aug. 16, 2022

Walmart sales rise, profits fall on inflation in Q2

The retailer has gained market share and revenue. But sales and consumer shifts are eating into profits at the same time.

By Ben Unglesbee • Aug. 16, 2022

Reebok owner Authentic Brands Group strikes deal to acquire Ted Baker

ABG wants to separate Ted Baker into an IP holding company and one or more operating companies that would manage the brand’s retail, e-commerce and wholesale operations. 

By Kaarin Moore • Aug. 16, 2022

Best Buy reportedly cuts store jobs

The retailer recently warned of sales declines as consumers pull back on electronics purchases.

By Ben Unglesbee • Aug. 15, 2022

Peloton hiking prices amid reported layoffs, store closures

As its pandemic-era boom fizzles, the at-home bicycle fitness company is scrambling, even after major layoffs and subscription hikes earlier this year.

By Daphne Howland • Aug. 15, 2022

DTC’s very bad, no good earnings week

Brands laid off staff, cut guidance and accumulated losses in a tougher operating environment. A select few continued to thrive.

By Cara Salpini • Aug. 15, 2022

J.C. Penney hires a new CFO

Stephanie Plaines has entered a role with much turnover in the last few years, as the retailer tries to reinvent itself in a difficult space.

By Ben Unglesbee • Aug. 12, 2022

The Weekly Closeout: Tommy Hilfiger teams with ThredUp, and has inflation finally peaked?

The iconic fashion brand will provide shopping credit for certain items returned to ThredUp. Meanwhile, prices in July were flat month to month.

By Retail Dive Staff • Aug. 12, 2022

Dillard’s slows down in Q2 as women buy less apparel

The department store previously posted surges in sales and profits, but its weaker results weren’t just from tough comparisons, analysts say.

By Daphne Howland • Aug. 12, 2022

After challenging Q2, Warby Parker sees crystal-clear need for stores

The DTC eyewear company slashed its guidance for the year, but says physical locations are key to expanding market share and brand awareness.

By Daphne Howland • Aug. 11, 2022

Sears Holdings reaches $175M settlement with Lampert and company

The retailer entered bankruptcy in 2018. It has been stuck there ever since, as the company and its creditors pursued claims of “rank” self-dealing.

By Ben Unglesbee • Aug. 11, 2022

Profits remain elusive in Q2 as The RealReal’s customers buy lower-priced apparel

Unlike other retailers in recent weeks, the resale site has been hiring and boosting wages to help address inventory shortfalls that hurt sales.

By Daphne Howland • Aug. 10, 2022

Revlon CFO to retire as sales continue shrinking in bankruptcy

The company’s losses have also ballooned, in part because of the high cost of Chapter 11. 

By Ben Unglesbee • Aug. 10, 2022

Signet buys Blue Nile for $360M

The deal adds to the jewelry retailer’s luxury portfolio as the retailing climate worsens against the macroeconomic backdrop. 

By Ben Unglesbee • Aug. 9, 2022