Financial News
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Retail hiring redefined: Strategic insights from HR leaders
What’s top of mind for HR leaders as they drive retail’s evolution in 2025? Explore key insights.
Jan. 21, 2025 -
Tariffs may add to ‘a toxic brew for consumers’
Retailers and consumers will feel added pressure if proposed tariffs are implemented, industry analysts and experts told Retail Dive.
By Nate Delesline III • Jan. 17, 2025 -
Column
The Weekly Closeout: Foot Locker taps Sonia Syngal for board and New Balance sales hit a record
Also joining the footwear retailer’s board is Ace Hardware CEO John Venhuizen. Meanwhile, New Balance landed $7.8 billion in global sales last year.
By Retail Dive Staff • Jan. 17, 2025 -
Target taps new execs to lead store and digital teams
Two longtime company veterans are retiring as part of the changes, which came as the retailer reported encouraging sales growth in the holiday season.
By Nate Delesline III • Jan. 16, 2025 -
Joann files for bankruptcy for the second time in a year
The crafts retailer was forced back into Chapter 11 by the wider retail environment and its own financial and inventory woes, the company said.
By Daphne Howland • Jan. 15, 2025 -
Nordstrom raises 2024 guidance following holiday boost
Despite concerns going into the holiday season, the company’s namesake banner and Nordstrom Rack both reported sales and comps growth.
By Tatiana Walk-Morris • Jan. 15, 2025 -
Macy’s doubles down on its ‘three-brand portfolio’
CEO Tony Spring said that Macy’s, Bloomingdale’s and Bluemercury are stronger together thanks to back-end synergies.
By Daphne Howland • Jan. 14, 2025 -
These retailers could file for bankruptcy in 2025
From At Home to Guitar Center, here’s who’s most at risk in the year ahead.
By Cara Salpini • Updated Jan. 18, 2025 -
Reebok’s US operations acquired by Galaxy Universal
Under new ownership, the company plans to open more full-price or experiential stores, according to a Reebok executive.
By Kaarin Moore • Jan. 13, 2025 -
Column
The Weekly Closeout: Ulta’s future and Big Lots’ store-saving deal
The beauty retailer named a new CEO while Big Lots closed on a sale agreement that will enable it to keep hundreds of stores open.
By Retail Dive Staff • Jan. 10, 2025 -
Private equity firm buys controlling stake in True Religion
The deal with Acon Investments comes as the denim brand looks to diversify its product offering and expand its reach.
By Laurel Deppen • Jan. 10, 2025 -
Consortium Brand Partners acquires Jonathan Adler
This is the private equity firm’s third acquisition in 18 months, following previously announced deals with Draper James and Outdoor Voices.
By Lara Ewen • Jan. 9, 2025 -
Holiday e-commerce hits a record as shoppers choose phones over stores
Consumers sought out deals but inflation didn’t really tamp down demand during the season, according to the latest figures from Adobe Analytics.
By Daphne Howland • Jan. 8, 2025 -
Over a third of consumers took on debt this holiday season
By generation, millennials took on the most, while baby boomers took on the least, according to a recent LendingTree survey.
By Howard Ruben • Jan. 6, 2025 -
US retail sales rose 3.8% this holiday season
Consumers were motivated by deals with last-minute purchases accounting for 10% of all holiday spending, per Mastercard.
By Xanayra Marin-Lopez • Jan. 6, 2025 -
Marquee Brands acquires Laura Ashley
With the addition of the U.K.-based lifestyle company, Marquee’s brand portfolio will exceed $4 billion in retail sales.
By Lara Ewen • Jan. 6, 2025 -
Column
The Weekly Closeout: Vera Bradley urged to sell and Fleet Feet makes an acquisition
Fund 1 Investments in a letter pushed the accessories brand to consider strategic alternatives, while the footwear retailer bought South Sound Running.
By Retail Dive Staff • Jan. 3, 2025 -
Perfect Corp expands into luxury fashion with Wannaby acquisition
The company was acquired from Farfetch so Perfect Corp can broaden its virtual try-on capabilities into categories like shoes, bags and apparel.
By Kaarin Moore • Jan. 2, 2025 -
Big Lots’ new deal could keep up to 400 stores open
Under the transaction, Variety Wholesalers would acquire at least 200 stores and up to two distribution centers, saving jobs in the process.
By Stephanie Arnold • Dec. 30, 2024 -
Destination XL gets offer to go private
The big and tall men’s apparel retailer “would be far better served” as a private company, Fund 1 says.
By Nate Delesline III • Dec. 26, 2024 -
Saks Global names new leadership as it completes $2.7B Neiman Marcus acquisition
Saks CEO Marc Metrick will lead the expanded company, while chief merchant Tracy Margolies will take over as Bergdorf Goodman’s president.
By Nate Delesline III • Dec. 24, 2024 -
Party City to close all stores in bankruptcy
About 14 months after emerging from Chapter 11, the retailer finds itself in bankruptcy court once again. This time, it’s liquidating.
By Caroline Jansen • Dec. 23, 2024 -
Nordstroms succeed in taking company private for $6.25B
The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.
By Daphne Howland • Dec. 23, 2024 -
Nike CEO: Wholesale partners ‘feel we’ve turned our back on them’
Elliott Hill, who just took over the top spot in October, vowed a return to stronger relationships with its partners as sales fell 8% in Q2.
By Cara Salpini • Dec. 20, 2024 -
The Weekly Closeout: Walmart to invest $1.3B in Chile and what Nike’s stumble means for Foot Locker
The big-box retailer’s plans include 70 new stores across Chile, while the sportswear giant’s DTC about-face could be a boon to Foot Locker.
By Retail Dive Staff • Dec. 20, 2024