Financial News

  • A Hoka storefront in Los Angeles
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    Hoka leads Deckers to 22% growth in Q1

    The running brand surged 30% in the quarter thanks to strength in the DTC channel and robust sell-through of new styles.

    By • July 26, 2024
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip
    Column

    The Weekly Closeout: Nike and Journeys make C-suite appointments

    The athletics brand named Cheryan Jacob as chief information officer, while the footwear retailer appointed Stacy Doren as its marketing chief.

    By Retail Dive Staff • July 26, 2024
  • Explore the Trendline➔
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
  • Hasbro livestreaming holiday event
    Image attribution tooltip
    Courtesy of Hasbro
    Image attribution tooltip

    Hasbro revenue falls 18% as profits improve

    The toy manufacturer, which is reportedly considering a takeover of rival Mattel, said sales fell 6% excluding the sale of its eOne film and TV unit.

    By • July 25, 2024
  • A quotation mark on a blue background.
    Image attribution tooltip
    Kendall Davis/Retail Dive
    Image attribution tooltip
    Podcast

    The Backroom: All of a sudden, a lot is happening at department stores

    The team discusses a barrage of news from several players in a retail space that has been written off many times.

    By Retail Dive Staff • July 25, 2024
  • A collage of various dolls and doll accessories, mostly in shades of pink, with the words "Barbie The Movie" in the center.
    Image attribution tooltip
    Courtesy of Mattel
    Image attribution tooltip

    Mattel will lean on retailers to boost holiday sales

    The toy maker said it will be gaining shelf space in stores, and headed off questions about takeover rumors.

    By • July 24, 2024
  • Three Indie Lee products in a line
    Image attribution tooltip
    Courtesy of American Exchange Group
    Image attribution tooltip

    American Exchange Group acquires Indie Lee

    The Aerosoles owner plans to grow the brand beyond skin care, as well as explore diffusion brands through licensing and brand expansion.

    By Howard Ruben • July 24, 2024
  • Belk storefront.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip

    Belk shrinks debt load by nearly $1B

    The Southern department store is also collecting about $485 million in new financing, and some of its lenders will have controlling stakes.

    By • July 23, 2024
  • Walgreens revamps its app.
    Image attribution tooltip
    Courtesy of Walgreens
    Image attribution tooltip

    S&P Global Ratings downgrades Walgreens, citing struggles in both pharmacy and retail

    The drugstore retailer faces debt maturities, and the upending of some strategies introduces new uncertainties, analysts said.

    By • July 22, 2024
  • Foundation or makeup being applied on a person's face
    Image attribution tooltip
    ValuaVitaly via Getty Images
    Image attribution tooltip

    Makeup brand Seint to change its business model

    The company is transitioning from direct selling to an affiliate commission structure and will no longer provide compensation to its sellers for recruiting efforts.

    By • July 22, 2024
  • A red sign with the Supreme logo is pictured illuminated at night.
    Image attribution tooltip
    The image by cchana is licensed under CC BY-SA 2.0
    Image attribution tooltip
    Column

    The Weekly Closeout: What the Supreme sale means for VF’s debt and Mango posts ‘record’ first half

    The recent sale could spell good news for the apparel company’s upcoming maturities. Meanwhile, Mango plots expansion. 

    By Retail Dive Staff • July 19, 2024
  • A person taking in a package from their front doorstep.
    Image attribution tooltip
    Courtesy of Amazon
    Image attribution tooltip

    Shoppers find better deals this year as Prime Day fuels record $14.2B across e-commerce

    Consumers avoided big-ticket purchases, but steep discounts drew in back-to-school shoppers and others — and not just at Amazon.

    By • July 18, 2024
  • A red sign with the Supreme logo is pictured illuminated at night.
    Image attribution tooltip
    The image by cchana is licensed under CC BY-SA 2.0
    Image attribution tooltip

    VF sells Supreme for $1.5B

    Luxury eyewear company EssilorLuxottica agreed to buy the brand, and the deal is expected to close at the end of the year.

    By Laurel Deppen • July 18, 2024
  • The exterior of a Five Below store during the daytime with a blue sky
    Image attribution tooltip
    Courtesy of Five Below
    Image attribution tooltip

    Five Below CEO Joel Anderson resigns

    The executive left “to pursue other interests” and will be replaced by COO Ken Bull in the interim. The discount retailer also cut its Q2 guidance.

    By • July 17, 2024
  • An Adidas store stands in Manhattan on October 25, 2022 in New York City.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Adidas raises guidance again as Q2 sales surge 9%

    Even without Yeezy, the activewear giant’s sales are trending strongly in the right direction as styles like the Samba gain renewed steam.

    By • July 17, 2024
  • A busy city corner with people, buildings, trees and streetposts.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Macy’s ends talks with Arkhouse and Brigade, foiling $6.9B takeover

    The firms raised their bid in June, but their financing, tied in part to Macy’s own real estate, was lacking, the department store said Monday.

    By • July 15, 2024
  • A person wearing Von Dutch apparel.
    Image attribution tooltip
    Courtesy of Von Dutch
    Image attribution tooltip
    Column

    The Weekly Closeout: Von Dutch is acquired and Bath & Body Works partners with Crocs

    The fashion company was sold to WSG Brands, while the shoe collab is all decked out in gingham. 

    By Retail Dive Staff • July 12, 2024
  • Two people walk down a store aisle past a sign that reads, "Everyday Low Price."
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    One-third of consumers cut spending in Q2: report

    Inflation concerns continue to weigh on shoppers, with 84% saying it has affected how they spend their money, according to a report from Jungle Scout.

    By Howard Ruben • July 12, 2024
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Nike taps former executive Tom Peddie to return as vice president of marketplace partners

    The 30-year veteran of the athletics retailer, who retired in 2020, is set to return as the company shifts its direct-to-consumer strategy.

    By • July 10, 2024
  • athletic brewing
    Image attribution tooltip
    Courtesy of Athletic Brewing
    Image attribution tooltip

    Nonalcoholic beer maker Athletic boosts coffers with $50M investment

    The financing round will help fund the fast-growing company’s expansion efforts.

    By Christopher Doering • July 10, 2024
  • A Target employee completes an in-store checkout purchase and hands a customer a receipt.
    Image attribution tooltip
    Permission granted by Target
    Image attribution tooltip

    Target to stop accepting personal checks

    The retailer highlighted that customers will still have six payment options after the change takes effect in about a week.

    By • July 9, 2024
  • Jay Foreman stands near a toy display with the Basic Fun company logo in the background.
    Image attribution tooltip

    Andrew Kelly/AP

    Image attribution tooltip

    Toy company Basic Fun to restructure in bankruptcy

    The downfall of Toys R Us — its largest customer — plus its own supply chain issues and the pandemic have left Chapter 11 as its best recourse.

    By • July 3, 2024
  • White puffy clouds against a blue sky, behind a store with a blue and white banner.
    Image attribution tooltip
    "Bob's Stores" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    All Bob’s Stores locations to close

    The retailer was unable to secure the financing necessary to keep operating. The fate of sibling Eastern Mountain Sports remains unclear.

    By • July 2, 2024
  • A person walks in front of a Nike store.
    Image attribution tooltip
    Kevin Frayer/Getty Images via Getty Images
    Image attribution tooltip

    Nike expects more revenue declines ahead after ‘sluggish’ Q4

    CEO John Donahoe said the company is “embracing a more balanced approach” to DTC and wholesale after a rough set of numbers.

    By • June 28, 2024
  • Chewy, fulfillment center
    Image attribution tooltip
    Permission granted by Chewy
    Image attribution tooltip
    Column

    The Weekly Closeout: Chewy plans $500M share buyback, Conn’s receives Nasdaq delinquency notice

    The online pet retailer agreed to repurchase shares from its largest shareholder, while the home retailer received the notification after not filing its latest quarterly report.

    By Retail Dive Staff • June 28, 2024
  • The Walgreens logo is displayed outside a store.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Walgreens to close ‘significant’ number of US stores

    The company is reviewing about 25% of its 8,700 domestic stores, with profitability and level of shrink factoring into which locations stay open. 

    By Rebecca Pifer • June 27, 2024