Financial News: Page 61
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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 Daphne Howland • June 8, 2022 -
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 Ben Unglesbee • June 7, 2022 -
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 Daphne Howland • June 7, 2022 -
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 -
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 Ben Unglesbee • Updated June 8, 2022 -
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 -
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 Cara Salpini • June 3, 2022 -
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 -
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 Ben Unglesbee • June 3, 2022 -
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 Daphne Howland • June 2, 2022 -
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 Caroline Jansen • June 2, 2022 -
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 Ben Unglesbee • June 2, 2022 -
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 Daphne Howland • June 2, 2022 -
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 Ben Unglesbee • June 1, 2022 -
"Potomac Mills Build-A-Bear Workshop" by Aolden23 is licensed under CC BY-SA 3.0
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. snaps up luxury plus-size retailer 11 Honoré
The acquisition moves the inclusive apparel company into the luxury space.
By Daphne Howland • June 1, 2022 -
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 Daphne Howland • June 1, 2022 -
Apparel retailers get squeezed in Q1
Sales were up at many players, but so were inventories. Meanwhile, margins and profits are down.
By Daphne Howland • June 1, 2022 -
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 -
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 Ben Unglesbee • May 31, 2022 -
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 -
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 Daphne Howland • May 27, 2022 -
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 shoppers not feeling inflation yet
In fact, prestige cosmetics sales in the quarter outperformed as makeup made a comeback.
By Cara Salpini • May 27, 2022 -
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 Ben Unglesbee • May 26, 2022