Financial News

  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid files for bankruptcy 8 months after exiting Chapter 11

    The drugstore retailer said Monday it plans to sell itself and already has some interested national and regional buyers.

    By • May 5, 2025
  • Two Skechers sneakers are pictured on a store display advertising a sale.
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    Brandon Bell via Getty Images
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    Skechers to go private in $9.4B deal

    3G Capital is paying $63 per share in cash, which analysts say represents a bet that the footwear sector will be profitable in the long term despite tariffs.

    By Laurel Deppen • May 5, 2025
  • Ebay campus
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    Courtesy of Ebay
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    EBay restructures leadership, brings in new CFO

    A former PayPal exec is stepping into the role. Meanwhile, the company is bringing together its product and marketing teams and consolidating engineering.

    By • May 5, 2025
  • A beige Kirkland's storefront.
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    "Kirkland’s Hialeah" by Phillip Pessar is licensed under CC BY 2.0
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    Kirkland’s eyes additional $5M in funds from Beyond as fourth-quarter sales drop

    The home retailer, which saw net income fall more than 20% in Q4, will use the money in part to open Bed Bath & Beyond Home and Overstock stores.

    By Dani James • May 5, 2025
  • A Saks store in Chicago.
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    Kaarin Moore/Retail Dive
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    Retail job cuts up nearly 80% in April

    Retail announced over 64,000 job cuts so far this year, the second most of any industry, according to a report from Challenger, Gray & Christmas.

    By Howard Ruben • May 5, 2025
  • A Vans store in a mall. A shopper is inside.
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    The image by DOAI MOGHA0 Hoo is licensed under CC BY-SA 4.0
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    VF lays off about 400 employees

    The Vans owner said the cuts are part of the company’s ongoing turnaround strategy.

    By Laurel Deppen • May 5, 2025
  • Wayfair's Wilmette store.
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    Courtesy of Wayfair
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    Wayfair’s customer base continues to shrink as revenue remains flat in Q1

    Executives remained optimistic about the online retailer’s ability to weather tariff pressures, touting its marketplace structure.

    By • May 2, 2025
  • A worker wearing a mask and gloves stands outside of an Amazon Prime van containing packages.
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    JasonDoiy via Getty Images
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    Amazon could gain share under tariffs, as it did during the pandemic, CEO says

    The e-commerce giant is “pretty maniacally focused” on keeping prices low, CEO Andy Jassy told analysts Thursday.

    By • May 2, 2025
  • A store with a sign in orange letters that says "Big Lots!"
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    Daphne Howland/Retail Dive
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    The Weekly Closeout: NRF chief defends tariffs, Big Lots accelerates store openings

    Matt Shay, CEO of the trade group, called duties “an extraordinarily important tool” for President Trump. Meanwhile, the discount retailer is opening 132 stores this month alone.

    By Retail Dive Staff • May 2, 2025
  • Walmart redesigned store experience in grocery.
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    Courtesy of Walmart
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    How grocery continues to drive Walmart’s top line

    The category brought in $276 billion in net sales in fiscal 2025, up nearly 12% from the same period two years ago, the retailer said in its annual report.

    By Catherine Douglas Moran • May 1, 2025
  • A large, lit-up sportswear store at night.
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    Courtesy of Adidas
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    Adidas: If tariffs stay, ‘of course there will be price increases’

    CEO Bjørn Gulden stressed that they have not been implemented yet, though, and the retailer will follow the lead of others in the market.

    By • April 30, 2025
  • A red Burlington storefront says "ladies, mens, kids, baby, home, coats," as clouds billow overhead in a bright blue sky.
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    Daphne Howland/Retail Dive
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    Burlington snags 45 of Joann’s store leases out of bankruptcy

    The off-price retailer is taking advantage of the craft company’s closure as new shopping center growth diminishes.

    By Dani James • April 30, 2025
  • White clouds dominate in otherwise bright blue sky, above a "BuyBuy Baby" store.
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    "BuyBuy Baby at South Edmonton Common" by Rowanlovescars is licensed under CC BY-SA 4.0
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    Another U-turn at Beyond: brick and mortar for BuyBuy Baby

    The company, which continues to shake up its portfolio and branding strategies, is also opening Overstock stores.

    By • April 29, 2025
  • A closeup of colorful Skechers sneakers on display in a store.
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    Brandon Bell/Getty via Getty Images
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    Skechers announces record sales but pulls guidance

    The footwear giant saw both wholesale and DTC sales rise but cautioned that current trade policies have created macroeconomic uncertainty.

    By Lara Ewen • April 29, 2025
  • A Carter's Babies and Kids storefront with a blue sky
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    The image by Mike Mozart is licensed under CC BY 2.0
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    Carter’s pulls guidance as profits plummet, tariffs loom

    The children’s clothing company's new CEO is navigating a turnaround amid falling sales and rising uncertainty.

    By Tatiana Walk-Morris • April 28, 2025
  • Adidas store in Shanghai
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    Courtesy of Adidas
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    Column

    The Weekly Closeout: Coty to cut 700 jobs, Adidas sports double-digit growth

    The cutbacks are part of the beauty conglomerate’s strategic transformation, while preliminary Q1 results show momentum from the sports retailer.

    By Retail Dive Staff • April 25, 2025
  • A box labeled "Hasbro" is displayed, along with other store products.
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    Justin Sullivan via Getty Images
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    Hasbro Q1 revenue increases 17%

    The toy company, which is undergoing a turnaround effort, continued to advocate for tariff exceptions in its sector.

    By Dani James • April 25, 2025
  • a photo illustration of an iPhone displaying the Shein logo in front of a Temu logo.
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    Ben Montgomery via Getty Images
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    Shein, Temu to raise prices due to tariff impact

    The fast-fashion companies didn’t specify the extent of the cost increases, but posted identical notices on their websites.

    By Laurel Deppen • April 25, 2025
  • Exterior of a brick building with the Etsy name on it.
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    Courtesy of Etsy
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    Etsy to sell music gear marketplace Reverb

    The company is divesting from Reverb in order to focus more on its core marketplace and Depop. 

    By Tatiana Walk-Morris • April 24, 2025
  • Nordstrom's New York City flagship opened in October 2019.
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    Daphne Howland/Retail Dive
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    Could tariffs sink Nordstrom’s go-private deal?

    The risk is small, but not zero, and could grow if the fallout from new trade policies worsens, according to William Blair analysts.

    By • April 23, 2025
  • A model wears a leotard, tights and ballet shoes in a ballet position.
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    Courtesy of Capezio
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    Capezio sold after more than a century of family ownership

    Argand Partners said it plans to “modernize” the dancewear brand through licensing agreements and product innovation.

    By Laurel Deppen • April 22, 2025
  • A store with 50% off sale signs.
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    "The Vitamin Shoppe Shop Store" by Mike Mozart is licensed under CC BY 2.0
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    The Vitamin Shoppe to be sold to private equity for nearly $195M

    Kingswood Capital Management and Performance Investment Partners have agreed to acquire the vitamin and supplements retailer from Franchise Group.

    By Howard Ruben • April 18, 2025
  • The interior of an Under Armour store in Houston, Texas.
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    Brandon Bell via Getty Images
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    Column

    The Weekly Closeout: Small businesses sue over tariffs, Under Armour adds PE exec to board

    A group of small businesses banded together to challenge the Trump administration’s authority to levy tariffs, while the athletics retailer added a board director from Sycamore Partners.

    By Retail Dive Staff • April 18, 2025
  • A construction worker sits alone at a jobsite.
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    SimonSkafar/E+ via Getty Images
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    Trade war puts US on ‘precipice’ of recession: Moody’s chief economist

    The U.S. economy will likely begin to shrink “unless policy takes a very sharp turn here pretty quickly,” Moody’s Chief Economist Mark Zandi said.

    By Jim Tyson • April 18, 2025
  • President Donald Trump delivers remarks during a Cabinet meeting at the White House on April 10, 2025 in Washington, DC.
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    Anna Moneymaker / Staff via Getty Images
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    Trade war set to impact electronics, other discretionary products hardest

    Small and medium-sized brands are poised to bear the negative brunt of increased tariffs on imports to the U.S., according to a new PitchBook report.

    By Dani James • April 16, 2025