Financial News: Page 2


  • A person wearing blue jeans and yellow socks deals with two big cardboard boxes with green lettering.
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    Courtesy of Grove Collaborative
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    Grove Collaborative to review strategic options as Q2 revenue declines

    The company will create a working group after a shareholder pushed for a review of strategic initiatives, including a possible sale.

    By Aug. 11, 2025
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    5 of retail’s most impactful deals in 2025

    From Skechers selling itself to numerous moves in the Beyond Inc. saga, here’s a look at the top deals during the first half of the year.

    By Aug. 11, 2025
  • Exterior of an Allbirds store in Washington, D.C.'s Georgetown neighborhood
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    Caroline Jansen/Retail Dive
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    Allbirds expects to lose some momentum in Q3, lowers full-year guidance

    Tariffs and store closures are clouding the brand's progress, and a lot is riding on the fourth quarter.

    By Aug. 8, 2025
  • People walk past an Under Armour storefront with mannequins in athleticwear on display.
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    Spencer Platt via Getty Images
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    Tariffs will halve Under Armour’s profitability this year

    The retailer now anticipates an additional $100 million in tariff-related costs, even as it works to mitigate the impact of the levies.

    By Aug. 8, 2025
  • A person walks by a Peloton store while wheeling a stroller.
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    Joe Raedle via Getty Images
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    Peloton to shrink workforce by 6% in cost-cutting effort

    The fitness company told its shareholders that operating expenses “remain too high, which hinders our ability to invest in our future.”

    By Alexei Alexis • Aug. 8, 2025
  • Column

    The Weekly Closeout: The ‘big shock’ at Crocs and a challenge for Dick’s Foot Locker deal

    The foam footwear brand projects double-digit declines. Meanwhile, Sen. Elizabeth Warren asked the FTC to “closely scrutinize” the merger.

    By Retail Dive Staff • Aug. 8, 2025
  • A graphic mural on the side of a Warby Parker depicts three colorful silhouettes of people with eyeglasses against an azure background.
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    Courtesy of Warby Parker
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    Warby Parker to end home try-on program as it focuses on stores, digital experience

    The eyewear company said the vast majority of the program’s users live within 30 minutes of one of the retailer’s 300 stores.

    By Aug. 7, 2025
  • The name "claire's" in lowercase block letters adorns the gray, corrugated-metal side as well as the slatted-wood front of a storefront overhang.
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    Daphne Howland/Retail Dive
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    Why Claire’s is closing 700 US stores, mulling liquidation

    If a buyer doesn’t come forward, and some analysts doubt any will, the retailer is prepared to wind down its operations in North America.

    By Aug. 7, 2025
  • A 3-D art display of Hello Kitty atop a Claire's store for the character's 50th anniversary.
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    Courtesy of Claire's, Hello Kitty
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    Claire’s files Chapter 11 with 18 stores slated to close

    The retailer has struggled since its 2018 bankruptcy and isn’t well positioned for tariffs and other economic headwinds, analysts said.

    By Aug. 6, 2025
  • The exterior of a big box home goods store
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    Permission granted by JT Magen
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    Wayfair posts first quarterly profit in 4 years

    Executives called Q2 “a resounding success” and highlighted that its marketplace model is able to keep prices consistent despite tariffs.

    By Aug. 5, 2025
  • Canada Goose storefront in Las Vegas.
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    Courtesy of Canada Goose
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    Canada Goose monitors US trade policy as revenue improves

    The retailer declined to provide guidance in the face of a shifting tariff environment, but notched sales growth in North America.

    By Aug. 4, 2025
  • The upper section of a glass office building with a large sign reading “aws” and an orange curved line below the text. The building is set against a bright blue sky.
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    Alamy
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    Amazon’s other businesses continue to outpace retail

    The e-commerce giant in Q2 gained more revenue from advertising, seller services and subscriptions, and that's without its massive AWS cloud unit.

    By Aug. 1, 2025
  • Perfect Corp adds contactless virtual makeup try on features.
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    Courtesy of Perfect Corp.
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    Perfect Corp. AI, AR subscriptions drive revenue growth

    The company, which specializes in virtual try-on tech, attributes the growth to the demand for generative AI, among other factors.

    By July 31, 2025
  • Etsy screenshots of its AI browseable tool
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    Courtesy of Etsy
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    Etsy bets on its app as declines persist

    The company’s ranking model has lost steam, so it is retooling its platform to leverage large language models and generative AI.

    By July 31, 2025
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: What’s next for Target?

    Join Retail Dive reporters Daphne Howland and Dani James for a discussion about the mass retailer’s unique history, the ups and downs of its differentiation, and where it may be headed.

    By Retail Dive Staff • July 31, 2025
  • A close up of two people's shoes, one wearing heels, then other Vans.
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    Gareth Cattermole via Getty Images
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    VF reports flat revenue, decline at Vans

    Excluding the skatewear brand, the apparel conglomerate saw sales grow thanks to The North Face and Timberland.

    By Laurel Deppen • July 31, 2025
  • Samuel L. Jackson for Adidas Originals
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    Courtesy of Adidas
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    Adidas braces for $230M tariff hit in the back half of the year

    Nevertheless, the sportswear giant maintained its outlook and said it has yet to see consumer demand weaken.

    By July 30, 2025
  • A mall entrance to a department store.
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    Daphne Howland/Retail Dive
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    Nearly 120 J.C. Penney stores sold to private equity for under $950M

    Executives for a trust that has worked for four years to sell the property defended the price and said a January deadline was looming.

    By July 30, 2025
  • Purple's Rejuvenate mattress
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    Permission granted by Purple
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    Purple expects showroom profitability in 2025

    The mattress company reported a 12.6% drop in second-quarter net revenue, and executives noted the brand is working to mitigate evolving tariff rates.

    By July 30, 2025
  • A Bed Bath & Beyond location with a "store closing" sign taped across the storefront.
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    Daphne Howland/Retail Dive
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    Overstock eyes luxury expansion with Rolex, Patek Philippe

    The brand sees a future in extending its luxury goods offering. Meanwhile, parent Beyond Inc. saw second quarter revenue drop nearly 30%.

    By July 29, 2025
  • Skechers shoes on a display in a store.
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    Brandon Bell via Getty Images
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    Skechers denies patent infringement in lawsuit over slip-ins

    Kizik Designs claimed it invented the hands-free shoe category that Skechers has made a key part of its business.

    By Laurel Deppen • July 29, 2025
  • The exterior of Hoka's New York City flagship store
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    Courtesy of Elias Parise/Hoka
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    Hoka brick-and-mortar stores ‘the primary venue for full-price sales’

    With the brand’s customers tending to look for price breaks online, Deckers is looking to expand retail partnerships as well as its own stores.

    By July 25, 2025
  • Sydney Sweeney for American Eagle Outfitters.
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    Courtesy of American Eagle Outfitters
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    Column

    The Weekly Closeout: Phlur gets acquired and American Eagle’s stock soars

    Private equity firm TSG Consumer will acquire the fragrance brand in a deal that keeps Phlur Creative Director Chriselle Lim in her role.

    By Retail Dive Staff • July 25, 2025
  • Mattel recently opened the first Uno Social Club in Las Vegas at the Palms Casino Resort.
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    Courtesy of Mattel
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    Mattel to keep roughly half of US toys below $20

    Even as net sales fell 6% in Q2, the company’s CEO doesn’t see consumers as any more price sensitive compared to a year ago.

    By July 25, 2025
  • Tractor Supply to ramp up store openings, with plans for 100 new locations next year

    Buoyed by a strong Q2, the rural retailer reiterated its outlook for the year, including strength in the top and bottom lines.

    By July 24, 2025