Financial News: Page 61


  • A closeup of a storefront that says "Chico's."
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    Daphne Howland/Retail Dive
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    Chico's was ready for its customers in Q1 as sales surged 40%

    The conglomerate’s turnaround is paying off, but the second half of the year could be tougher as consumers battle inflation.

    By June 8, 2022
  • Target
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    Courtesy of Target
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    Target moves to reduce inventory, taking markdowns and canceling orders

    Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.

    By June 7, 2022
  • A tree branch frames a Kohl's store on a sunny day.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    With little choice, Kohl's in final talks for Vitamin Shoppe owner to take over for $9B

    Franchise Group plans to leverage Kohl's real estate to finance most of the deal, a debt load that could hamper its turnaround, analysts say.

    By June 7, 2022
  • Grove Collaborative Sparks of Joy collection
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    Permission granted by Grove Collaborative
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    Grove Collaborative slashes long-term growth expectations as revenue drops

    Inflation and changing consumer behaviors are taking a toll on the company.

    By Dani James • June 7, 2022
  • An Amazon Prime delivery truck sits at a facility.
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    Courtesy of Amazon
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    Amazon's consumer chief to leave after 23 years

    Dave Clark has led teams that "built out Amazon's transportation network from scratch," CEO Andy Jassy said. Clark will become CEO of Flexport.

    By Updated June 8, 2022
  • A selection of skincare products lined up against a dark background.
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    Courtesy of Skkn by Kim
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    Column

    The Weekly Closeout: Kim Kardashian launches new skincare line and GameStop's losses spike

    The celebrity shut down her previous KKW Beauty brand last year, and the gaming retailer's operating loss tripled to $153.7 million.

    By Retail Dive Staff • June 3, 2022
  • A Lululemon storefront in Georgetown
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    Cara Salpini/Retail Dive
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    Lululemon plans retro, hiking products

    The athletics retailer also launched the second product in its footwear offering after the popularity of its running shoe drove out of stocks.

    By June 3, 2022
  • Pinterest and The Yes logos
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    Permission granted by Pinterest
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    Pinterest to acquire AI shopping platform The Yes

    The Yes, which was founded by former Stitch Fix COO Julie Bornstein, furthers Pinterest's goal of being a personalized shopping destination.

    By Dani James • June 3, 2022
  • A walmart distribution center with a Symbotic automation system. Provided July 20.
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    Permission granted by Symbotic
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    Walmart plots 4 new 'next generation' fulfillment centers

    The facilities incorporate an automated storage and retrieval system while also employing 4,000 new workers, and could serve 75% of the U.S.

    By June 3, 2022
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Retail Dive
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    Levi's aims for $10B in revenue in 5 years

    The company has set ambitious goals based on diversifying its portfolio and boosting DTC sales, while relying on the longevity of its flagship denim.

    By June 2, 2022
  • Chewy, fulfillment center
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    Permission granted by Chewy
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    Chewy sales up nearly 14% in Q1

    The online pet retailer expects sales growth to continue into the second quarter even as concerns over inflation intensify.

    By June 2, 2022
  • An Enjoy Technology worker assisting a customer set up a smartphone
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    Courtesy of Enjoy Technology
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    Another Enjoy Technology CFO out as it faces cash crisis

    The commerce-at-home company — led by former J.C. Penney CEO Ron Johnson — can't keep up with its spiraling costs.

    By June 2, 2022
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    Courtesy of Trunk Club A Nordstrom Company
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    What Trunk Club's demise says about apparel subscriptions

    Customers who engage with Nordstrom's stylists, online or in stores, spend more time and money at the retailer. So it's going outside the box.

    By June 2, 2022
  • An Amazon Prime delivery truck sits at a facility.
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    Courtesy of Amazon
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    Amazon says it is 'inappropriately' targeted by big tech legislation

    The company says its customers would be hurt by bills in the House and Senate, which target conflicts of interest at major tech platforms. 

    By June 1, 2022
  • Build-A-Bear Workshop store
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    "Potomac Mills Build-A-Bear Workshop" by Aolden23 is licensed under CC BY-SA 3.0
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    Build-A-Bear reports record $117.7M in revenue

    The toy company saw growth in Q1 as its European stores reopened, despite industrywide pressure from fuel costs and inflation.

    By Dani James • June 1, 2022
  • Dia & Co. has acquired plus-size luxury retailer 11 Honoré
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    Courtesy of Dia & Co.
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    Dia & Co. snaps up luxury plus-size retailer 11 Honoré

    The acquisition moves the inclusive apparel company into the luxury space.

    By June 1, 2022
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    Daphne Howland/Retail Dive
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    In Q1, Victoria's Secret firmly in control against apparel headwinds

    The lingerie retailer said it's regaining market share and maximizing margins, but may cut prices in order to make a sale.

    By June 1, 2022
  • A blue sign with the Polo horse-and-rider logo and the words "Polo Ralph Lauren" hangs from a clapboard building.
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    Daphne Howland/Retail Dive
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    Apparel retailers get squeezed in Q1

    Sales were up at many players, but so were inventories. Meanwhile, margins and profits are down.

    By June 1, 2022
  • Rael products.
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    Courtesy of Rael
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    Rael raises $35M in Series B funding

    The DTC menstruation care brand seeks to enter new markets and add products to its lineup as other period and personal care products gain ground.

    By Tatiana Walk-Morris • May 31, 2022
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    Daphne Howland/Retail Dive
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    Victoria's Secret finances 'historic' settlement with garment workers

    A loan from the brand has helped employees laid off from a factory in Thailand get severance owed to them for more than a year. 

    By May 31, 2022
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    Adeline Kon/Retail Dive
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    Tracker

    The running list of major retail deals

    Beyond Inc. agreed to buy the global rights to the BuyBuy Baby brand and Reebok’s U.S. operations were sold.

    By Retail Dive Staff • Updated April 11, 2025
  • A building with a pitched roof and "Athleta" in big block letters is seen at a slant from below.
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    Daphne Howland/Retail Dive
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    Could Gap Inc. spin off Athleta?

    An abandoned plan to separate Old Navy a few years ago showed that breaking up is hard to do. But the conglomerate's troubles may call for it.

    By May 27, 2022
  • American Girl launches a podcast network.
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    Courtesy of American Girl
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    Column

    The Weekly Closeout: American Girl jumps on the podcast bandwagon

    Meanwhile, Stitch Fix named a new head of marketing and Dollar General workers traveled to its annual shareholder meeting to protest working conditions.

    By Retail Dive Staff • May 27, 2022
  • Ulta shop-in-shop at Target
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    Courtesy of Target
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    Ulta shoppers not feeling inflation yet

    In fact, prestige cosmetics sales in the quarter outperformed as makeup made a comeback.

    By May 27, 2022
  • Woman shopping in supermarket and reading product information. Costumer buying food at the market.
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    oatawa via Getty Images
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    The 'end to the good times' is here as consumers brace against inflation: S&P

    Analysts see more risk to profits and sales as consumers manage spiking costs for fuel and food, and retailers face more pain on freight. 

    By May 26, 2022