Hasbro, Mattel make gains in tough Q2

Sales are up at the toy companies, but margins are still getting squeezed by supply chain costs. 

By Ben Unglesbee • July 22, 2022

The Weekly Closeout: Tractor Supply names chief marketer and Mattel partners with SpaceX

Kimberley Gardiner joins the retailer as its former CMO retires. Meanwhile, the toy company signed a multi-year agreement with Elon Musk’s space firm.

By Retail Dive Staff • July 22, 2022

Bed Bath & Beyond downgraded by Moody's amid 'steep decline' in sales

The agency updated the retailer’s coporate rating following the departure of its CEO and chief merchandising officer late last month.

By Caroline Jansen • July 21, 2022

Kohl's outlook turns negative at S&P as it faces tough retail environment

After acquisition talks ended, the retailer is under pressure from shareholders and consumers’ tightening wallets. 

By Ben Unglesbee • July 21, 2022

Bath & Body Works girds for sales, profit decline in 2022

Traffic is falling at the retailer, and lower income consumers are tightening spending as they wrestle with inflation. 

By Ben Unglesbee • July 20, 2022

PVH taps H&M veteran as new supply chain chief

David Savman joins as the owner of the Calvin Klein and Tommy Hilfiger brands tries to build a model closely tying inventory planning to demand. 

By Ben Unglesbee • July 19, 2022

Wayfair is the only top e-commerce retailer to decline in revenue, profits: GlobalData

While the home retailer experienced a boost during the early days of the pandemic, it’s facing falling sales and growing losses as demand wanes.

By Caroline Jansen • July 19, 2022

In the next few months, 60% of small retailers could shutter for good: report

Inflation, rent hikes and lower consumer spending are among the challenges that some indie stores say are making things worse than during the pandemic.

By Daphne Howland • July 19, 2022

Macy’s and Toys R Us ramp up store-in-store partnership

Branded shops are coming to all of the department store retailer’s locations as it tries to capitalize on a growing category. 

By Ben Unglesbee • July 18, 2022

Retail braces for the second half of the year, as cautious shoppers pay more but get less

June’s retail sales reflect a drastic change for consumers, who were supported by the government last year but are now squeezed by inflation.

By Daphne Howland • July 18, 2022

'We have to do something': Can retail close the gap on supply chain emissions?

The industry is woefully behind on scope 3 targets for greenhouse gases. Data poses steep challenges, but experts say retailers still can — and must — do more.

By Ben Unglesbee • July 18, 2022

Amazon is scaling back private label business: WSJ

The company has also considered exiting the business of owning brands, following years of scrutiny into potential conflicts of interest, the Journal reported.

By Ben Unglesbee • July 15, 2022

Inflation reshapes Amazon Prime Day

Shoppers used the two-day sale to stock up on household essentials and take care of some holiday lists, sticking mostly to smaller purchases.

By Daphne Howland • July 14, 2022

Michaels downgraded as costs, consumer shifts add pressure

A little over a year after being taken over by private equity, the retailer is pressed by high supply chain costs and tighter consumer spending.

By Ben Unglesbee • July 14, 2022

Victoria's Secret lays off 5% of corporate workforce, merges namesake and Pink operations

The company is laying off 160 people in order to save $40 million, and has hired the woman who launched Amazon Prime Day as its chief customer officer.

By Daphne Howland • July 13, 2022

Where does Sonia Syngal’s exit leave Gap?

With underperformance across its brands, many of the retailer’s problems are self-inflicted. But others are a sign of broader trouble in apparel.

By Daphne Howland • July 13, 2022

Verishop raises $40M in Series B round

The financing will go toward improving its capabilities, with a focus on supporting independent and up-and-coming brands.

By Tatiana Walk-Morris • July 13, 2022

Pattern Brands snaps up 2 more brands after securing $25M

The latest acquisitions follow a $60 million funding round last year and push the total brands within the company’s portfolio to six.

By Caroline Jansen • July 12, 2022

Dollar General CEO to retire

Chief Operating Officer Jeffery Owen, who started as a store manager trainee in 1992, is set to take over the chief executive spot. 

By Ben Unglesbee • July 12, 2022

Brooklyn Bedding, Helix Sleep acquire Bear Mattress

The deal comes after private equity firm Cerberus Capital Management acquired Brooklyn Bedding and Helix Sleep to form a DTC mattress platform.

By Caroline Jansen • July 12, 2022

Gap Inc. CEO Sonia Syngal steps down

Board chair Bob Martin has taken her place in the interim. Also, Walmart Canada chief Horacio Barbeito will lead Old Navy as of Aug. 1.

By Daphne Howland • July 11, 2022

Shoe companies pause hiring and investing as they brace for weaker sales

Concerns have shifted from supply chain to inflation and consumer behavior, according to the Footwear Distributors and Retailers of America.

By Ben Unglesbee • July 11, 2022

Walmart lashes back at FTC over money-transfer lawsuit

In a fiery rebuttal to the Federal Trade Commission lawsuit, the nation’s biggest retailer is already doing battle in the court of public opinion.

By Lynne Marek • July 11, 2022

GameStop fires CFO, reportedly plans layoffs

The retailer has cycled through two top executives hired under Chairman Ryan Cohen, and is cutting corporate staff as it bets on the future of gaming.

By Ben Unglesbee • July 8, 2022

Levi's denim remains strong in Q2 as more people wear jeans to work

The brand’s stores outpaced online sales in the period, but its creation of a new chief digital officer role reflects its confidence in e-commerce.

By Daphne Howland • July 8, 2022