The Weekly Closeout: Petco to test a new store concept, and Balance Athletica rebrands

Petco will open stores with products for pets and livestock, while the athleisure brand changed its name to Vitality following a lawsuit with New Balance.

By Retail Dive Staff • March 25, 2022

Bed Bath & Beyond cuts a deal with activist Ryan Cohen

The home goods retailer created a committee to explore alternatives for its BuyBuy Baby business and is adding new directors to its board.

By Ben Unglesbee • March 25, 2022

Instacart slashes its valuation by nearly 40%

The move comes amid a significant slowdown in growth on its core marketplace and follows its expansion into new technology services for retailers.

By Jeff Wells • March 25, 2022

Victoria's Secret takes $18M stake in California swimwear brand Frankies Bikinis

The lingerie maker said the investment furthers an effort to support innovative, inclusive and women-led brands.

By Daphne Howland • March 25, 2022

GameStop hit with $30M lawsuit from turnaround consultants

The retailer brought in Boston Consultancy Group in 2019, when sales were in a tailspin. The firm says it has been underpaid for much of the time since.

By Ben Unglesbee • March 23, 2022

Poshmark lowers outlook after mixed holiday quarter

The secondhand marketplace's loss widened last year, and 2022 got off to a slow start due to an algorithm snafu and macro headwinds.

By Daphne Howland • March 23, 2022

Coming off a strong year of deals, here are 10 the retail industry has already announced in 2022

Among others, Mattress Firm filed for an IPO back in January and Kimberly-Clark took a majority stake in DTC period brand Thinx in February.

By Retail Dive Staff • March 23, 2022

Versace finds new CEO at Alexander McQueen, again

Emmanuel Gintzburger takes the job in September. Jonathan Akeroyd, who also led both brands, is jumping to Burberry.

By Daphne Howland • March 22, 2022

Continuing with its DTC pivot, Nike plans stand-alone Jordan stores

Wholesale is still key to the company's strategy, CEO John Donahoe said, emphasizing that Foot Locker is "a large and important partner."

By Cara Salpini • March 22, 2022

After nearly a decade in the red, Destination XL posts record profit and sales

After the financial travails of the pandemic, the big-and-tall retailer has paid down debt and is focused on cementing its relationship with core customers.

By Ben Unglesbee • March 22, 2022

Are Amazon's buybacks a sign that the growth machine is slowing?

When it comes to spending billions on shareholders, the e-commerce giant is getting a taste of what financial life is like for legacy retailers.

By Ben Unglesbee • March 22, 2022

L.L. Bean sales spiked 14% last year as more consumers played outdoors

Sales at the privately held retailer hit $1.8 billion thanks in part to heightened demand, omnichannel investment, and international and wholesale expansions.

By Daphne Howland • March 21, 2022

As it plots 'significant expansion,' On will partner with Dick's and launch new products

The running brand plans to vastly increase its product offerings in the running, outdoor and lifestyle categories.

By Cara Salpini • March 21, 2022

GameStop's loss widens in first year of transformation under Ryan Cohen

The retailer is growing inventory, launching new technology initiatives and losing money even as its sales grow. 

By Ben Unglesbee • March 18, 2022

The Weekly Closeout: Saks Off 5th rebrands and Parachute stirs up debate over catalog cover

The luxury off-price retailer launched a new campaign, "Where Fashion Takes Off," and the DTC brand sparked conversation over its latest marketing play.

By Retail Dive Staff • March 18, 2022

What new ownership could mean for Kohl's

The department store may be on the brink of being sold. So far, it doesn't look good.

By Daphne Howland • Updated March 21, 2022

Unfazed by comp declines, Dollar General eyes deeper expansion

The discounter plans more than 1,100 new stores this year and aims to triple its stand-alone Popshelf stores.

By Ben Unglesbee • March 17, 2022

Warby Parker's net loss widens by over $40M in Q4

The DTC eyewear brand said the impacts from the omicron variant led to nearly $5 million in lost sales during the fourth quarter.

By Caroline Jansen • March 17, 2022

After nearly 2 decades of decline, what's next for office supplies stores?

Home offices are booming. The retailers that specialize in stocking them are not.

By Ben Unglesbee • March 17, 2022

Hudson's Bay Co. is prepping a bid for Kohl's

Kohl's didn't rule it out, saying it is entertaining potential bidders, but previously slammed recent takeover offers as inadequate.

By Daphne Howland • Updated March 17, 2022

Walmart hiring 50K associates for its US operations in Q1

The retailer also plans to add 5,000 to its global technology team, including cybersecurity specialists, data scientists and engineers.

By Ben Unglesbee • March 16, 2022

Parachute names first CFO

The appointment of Jeff Barker comes as the DTC bedding brand works to build out its C-suite and expand its store footprint.

By Caroline Jansen • Updated March 21, 2022

Qurate brings in former Nordstrom exec to head ailing Zulily

The former leader of Trunk Club is taking over at the e-commerce site, which has suffered steep losses and an 11% sales decline. 

By Ben Unglesbee • March 15, 2022

Retail execs sound off on supply chain disruptions, inflation, operations

During the latest round of earnings, companies discussed how they navigated a quarter (and year) full of operational challenges.

By Kaarin Moore • March 15, 2022

Perfect seeks SPAC financing to drive AR growth in beauty and beyond

Virtual demonstrations, metaverse shops and livestream shopping are key areas for growth as brands try to engage people outside of physical stores.

By Robert Williams • March 15, 2022