Financial News

  • White clouds hover over a Bed Bath & Beyond store, a leafy tree in front on the left.
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    Daphne Howland/Retail Dive
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    Kirkland’s tightens ties to Bed Bath & Beyond, rebrands as ‘Brand House Collective’

    The company, which also reported Q1 sales and profit declines, said Kirkland's stores will turn into Bed Bath & Beyond Home locations.

    By • June 17, 2025
  • A woman in a lavender jumpsuit sits on one hip staring into the distance
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    Courtesy of Nuuly
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    Nuuly is dominating the apparel rental market

    The company has more than double the number of active subscribers as Rent the Runway, its next-largest U.S. apparel subscription competitor, according to Wells Fargo analysts.

    By Tatiana Walk-Morris • June 16, 2025
  • A Roots storefront inside a mall, with cork and wood detailing.
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    "Roots store in Yorkdale Mall" by Roots Corp. is licensed under CC BY-SA 4.0
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    5 years after US bankruptcy, Roots notches third quarter of sales growth

    As part of a multiyear strategy, the Canadian brand is closing underperforming stores, upgrading its fleet and investing in marketing.

    By • June 16, 2025
  • A person in green clothing and boots, with a cowboy hat and sunglasses, is positioned next to a desert landscape.
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    Courtesy of Canada Goose
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    Canada Goose prioritizes year-round relevance with second Haider Ackermann collection

    The collection uses lightweight fabrics to reimagine classic cold weather styles and comes as the retailer looks to broaden its assortment.

    By Howard Ruben • June 16, 2025
  • Chewy, fulfillment center, conveyor belt
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    Permission granted by Chewy
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    Chewy’s sales jump despite challenging economic environment

    The pet e-commerce company reported a gross margin decline in Q1 but remained positive about its full-year outlook.

    By Dani James • June 13, 2025
  • A yellow cab drives past a traffic cop as people walk near a big 19th century building.
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    "Bergdorf Goodman" by ajay_suresh is licensed under CC BY 2.0
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    Saks Global says it’s back on track with vendors, won’t close stores

    The company told BMO Capital Markets it has mostly repaired supplier relationships, though luxury brands tell other analysts its ability to pay remains a top concern.

    By • June 13, 2025
  • A woman in a bright red suit stands with a hand in her long, curly hair.
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    Courtesy of Isima
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    Column

    The Weekly Closeout: Michaels rolls out Summerween and Shakira’s beauty brand debuts

    The crafts retailer is releasing Halloween decor earlier than ever, while the pop star’s Isima line will launch at Ulta Beauty.

    By Retail Dive Staff • June 13, 2025
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    Courtesy of Nike
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    How Nike CEO Elliott Hill is building out his turnaround team

    Eight months in, Hill has changed leadership structures and brought in new hires. At the same time, several long-time executives have retired.

    By • June 12, 2025
  • A Nordstrom Rack store in Seattle, across the street from the flagship Nordstrom store.
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    Daphne Howland/Retail Dive
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    Off-price domination continues as department stores yield more share

    Sales, profits and margins have been stronger at off-pricers, and that won’t change any time soon, according to a UBS report this week.

    By • June 12, 2025
  • President Donald Trump boards Air Force One on June 10, 2025, in Joint Base Andrews, Maryland.
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    Anna Moneymaker via Getty Images
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    Trump says tariff deal with China is ‘done’

    The proposed agreement, pending approval from both countries, sets 55% tariffs on imports from China and a 10% rate on U.S. products, the president said Wednesday.

    By Philip Neuffer • June 12, 2025
  • A large sign in light pink block capital letters says "Pink," just above a smaller sign in darker pink that says "Victoria's Secret."
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    Daphne Howland/Retail Dive
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    Victoria’s Secret expects $10M hit to Q2 operating income from cybersecurity breach

    Newly arrived marketing chief Elizabeth Preis has been tasked with customer acquisition as the lingerie giant continues to lose market share.

    By • June 11, 2025
  • A street-side GameStop storefront.
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    Daphne Howland/Retail Dive
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    GameStop sales drop in key categories amid ongoing strategic shift

    However, the company swung to a net income in Q1 and reported an improvement in its operating loss.

    By Dani James • June 11, 2025
  • Someone wearing a helmet rides by a store on a motorcycle.
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    Daphne Howland/Retail Dive
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    Designer Brands pulls guidance but is ‘cautiously optimistic’ about back to school, holiday

    Tariffs have scrambled supply and demand more than anticipated. But its confusing value proposition isn’t helping, one analyst says.

    By • June 10, 2025
  • A closeup of a person's Dr. Martens oxfords. They are wearing black socks and wide legged striped pants.
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    Pablo Cuadra via Getty Images
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    Dr. Martens plans shift to ‘consumer-first’ mindset

    After revenue fell by double digits in the latest fiscal year, the footwear brand is instituting a new growth strategy.

    By Laurel Deppen • June 10, 2025
  • A person walking by a Bark sign
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    Courtesy of Bark
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    Bark eyes price increases to offset tariffs

    The company delivered its first adjusted EBITDA positive year, after the company “lost $58 million and burned nearly $200 million in cash” three years ago, according to its CEO.

    By • June 10, 2025
  • External shot of an Ollie's.
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    The image by JJBers is licensed under CC BY 2.0
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    Ollie’s takeover of Big Lots leases ‘off to a very strong start’

    The company took over dozens of leases at the start of the year, and openings have been “smoother than we had anticipated,” executives said. 

    By • June 9, 2025
  • A red "Petco" sign adorned with a blue cat and red dog.
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    Daphne Howland/Retail Dive
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    Petco reaffirms full-year guidance even as Q1 sales fall

    While its owned brands are more directly exposed to tariffs, executives said the retailer can deliver on its outlook if levies remain at current levels.

    By • June 9, 2025
  • A mall entrance to a clothing store named "Torrid."
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    Daphne Howland/Retail Dive
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    Torrid to close as many as 180 stores, 30% of its fleet

    The plus-size apparel retailer already keeps about 60% of sales and customers from shuttered locations, and plans to invest in retention efforts. 

    By • June 6, 2025
  • A person with white wired headphones and a white bag stands outside a clothing store.
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    Daphne Howland/Retail Dive
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    Lululemon to raise prices as progress stalls in the US

    As the retailer plans modest tariff-induced price hikes, CEO Calvin McDonald said U.S. shoppers are growing more "discerning" than those in Canada.

    By • June 6, 2025
  • A person walks toward a store entrance.
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    Daphne Howland/Retail Dive
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    Five Below CFO exits as Q1 sales jump 20%

    COO Kenneth Bull will serve as interim financial chief while the company continues to focus on assortment newness. 

    By Dani James • June 6, 2025
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
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    Daphne Howland/Retail Dive
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    Column

    The Weekly Closeout: Nike appoints innovation chief and retailers face cyberattacks

    The athletics retailer filled in the role behind John Hoke, while Victoria’s Secret, Adidas and The North Face have recently reported security breaches.

    By Retail Dive Staff • June 6, 2025
  • White clouds streak a blue sky above a strip-center retail store.
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    Daphne Howland/Retail Dive
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    Joann’s future a mystery as Michaels snaps up IP, private labels

    The move comes amid growing interest in fabrics and sewing at Michaels, but it’s not clear what it means for the Joann brand.

    By • June 5, 2025
  • Shoe Carnival storefront from Mesquite
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    Permission granted by Shoe Carnival
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    Shoe Carnival CEO: Shoe Station is the ‘future of our store base’

    The company announced that its Shoe Station banner will represent over 80% of its store fleet by 2027.

    By • June 5, 2025
  • Interior of Lego store.
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    Courtesy of Lego
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    Adults boost US toy sales

    Consumers are either paying more for pricier toys or opting for lower-cost products, but mid-tier options are feeling a pinch, according to a Circana report.

    By Tatiana Walk-Morris • June 5, 2025
  • A person walks by a Dollar Tree store.
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    Daphne Howland/Retail Dive
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    Wealthier consumers flock to Dollar Tree in Q1

    The discounter, which is better positioned against rival Dollar General without its Family Dollar unit, is expanding a multiprice strategy to more stores.

    By • June 4, 2025