Less than a year after IPO, Digital Brands warns it could file bankruptcy

The DTC company is looking to grow sales and its brand stable, but losses have expanded and it has warned it could suffer without sufficient capital. 

By Ben Unglesbee • April 1, 2022

The Weekly Closeout: Ace Hardware to hire 40K while Kohl's pushes back against activist investors

The home goods retailer is staffing up for spring while Kohl's urged shareholders to vote for its board nominees.

By Retail Dive Staff • April 1, 2022

How Express drove revenue gains, 20% traffic bump with digital experiences

After adding more modern shopping features and functionalities to its app, the retailer saw average order value rise 27% from a year earlier.

By Robert Williams • April 1, 2022

Five Below looks to triple store count by 2030

Coming off a year of strong sales growth, the discounter is looking to double its sales and add 1,000 new stores by the end of 2025.

By Ben Unglesbee • March 31, 2022

The Backroom: The world according to AlixPartners' Joel Bines

The consultant has spent decades working in and for the retail industry. We sat down with him to get his take on where the industry is headed.

By Retail Dive Staff • March 31, 2022

SEC proposes tougher disclosure rules for SPACs

A Securities and Exchange Commission proposal caps months of sharper scrutiny of SPACs and coincides with a slump in the market for the "blank-check" companies.

By Jim Tyson • March 31, 2022

Pressured by supply chain challenges, higher costs, Chewy swings to a loss in Q4

The online pet retailer missed on both its top and bottom lines and projected lower-than-expected guidance for its current quarter.

By Caroline Jansen • March 30, 2022

Lululemon surpasses $6B in revenue for the first time, overtaking Under Armour

The company expanded into the tennis category this week and will launch a golf-focused offering next week.

By Cara Salpini • March 30, 2022

New strength at Calvin Klein is helping PVH overcome a host of outside challenges

The company is maintaining the strength it demonstrated in Q4 despite supply chain woes, fewer tourists in North America and the war in Ukraine.

By Daphne Howland • March 30, 2022

PREIT sales hit a record in February

The mall operator, which filed for bankruptcy in 2020, is replacing anchors and trying to climb out of the hole created by the pandemic.

By Ben Unglesbee • March 29, 2022

Neighbor raises Series A funding to add products, hire staffers

Following the funding round, the brand aims to unveil more furniture collections and enter new categories.

By Tatiana Walk-Morris • March 29, 2022

DTC furniture brand Article grows revenue by 45% in 2021

The brand opened new fulfillment centers and expanded its in-house delivery network. But executives signaled challenges in the year ahead.

By Caroline Jansen • March 29, 2022

Grove Collaborative is on the cusp of going public. Here's what the company is up to in the meantime.

Just last week, the sustainable personal care company reported full-year financial results and laid off approximately 17% of its corporate employees.

By Cara Salpini • March 29, 2022

Walmart halts cigarette sales in some stores

As demand wanes and wellness becomes a focus, some of the largest chains have backed away from tobacco.  

By Ben Unglesbee • March 28, 2022

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