Ulta CFO to retire amid 6.4% sales growth

Scott Settersten, who has held the role for more than a decade, will leave in April. Senior Vice President of Finance Paula Oyibo will replace him.

By Cara Salpini • Dec. 1, 2023

Express CEO acknowledges merchandising missteps

Sales and comps fell at the company’s namesake banner and UpWest, but the Bonobos acquisition pushed overall sales up 5%.

By Nate Delesline III • Nov. 30, 2023

Victoria’s Secret swings to $71M loss in Q3

A revamped loyalty program is delivering results, but the company’s marketing has become confusing, some analysts say.

By Daphne Howland • Nov. 30, 2023

The Backroom: What’s the deal with EBITDA?

The earnings metric is widely used despite criticism that it can cloud the true picture. What companies emphasize it, and why?

By Retail Dive Staff • Nov. 30, 2023

Dollar Tree may shrink Family Dollar footprint: CEO

Rick Dreiling said the company has initiated a comprehensive review of its Family Dollar banner after it missed expectations in Q3.

By Nate Delesline III • Nov. 29, 2023

Foot Locker beats expectations, but sales continue to tumble

In Q3, sales fell 8.6% and net income plummeted 71% as the retailer closes stores and looks for avenues to turn itself around.

By Cara Salpini • Nov. 29, 2023

Shein reportedly files for IPO

The fast-fashion giant had reportedly been eyeing the move all year, while it has faced scrutiny from U.S. lawmakers over its supply chain practices.

By Laurel Deppen • Nov. 28, 2023

Foxtrot and Dom’s Kitchen announce merger

The upscale convenience store brand plans to combine with the local grocer that has a similar reputation for innovative foodservice and store designs.

By Catherine Douglas Moran • Nov. 28, 2023

Urban Outfitters’ Nuuly rental business turns a profit in Q3

In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.

By Daphne Howland • Nov. 27, 2023

Abercrombie & Fitch sales jump 20% in Q3

The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

By Nate Delesline III • Nov. 27, 2023

Dick’s sales rise 3%, buoyed by strong back-to-school season

It could be a good indicator of holiday performance, but that season is “very distinct” from the summer sales event and involve a wider group of competitors.

By Cara Salpini • Nov. 22, 2023

Men’s skin care brand Disco shuts down amid bankruptcy

The company filed for Chapter 7 bankruptcy last week after its debt provider foreclosed on it, according to a LinkedIn post from founder Benjamin Smith.

By Dani James • Nov. 22, 2023

Nordstrom pushes Rack expansion as full-line fleet contracts

Analysts question the emerging dependence on an off-price business that is struggling to compete in an otherwise thriving segment.

By Daphne Howland • Nov. 22, 2023

Kim Kardashian’s firm acquires minority stake in Truff

The investment is the first for private equity arm Skky Partners as it looks to cash in on growing demand for spicy, unique condiments.

By Chris Casey • Nov. 22, 2023

Best Buy sales fall 8% as electronics demand stumbles

The retailer lowered its guidance as a result of consumer uncertainty, but CEO Corie Barry said the sector should stabilize next year.

By Cara Salpini • Nov. 21, 2023

Kohl’s CEO shifts focus back to stores: ‘The digital business is really what’s bringing us down’

The department store notched more declines in Q3. But store comps were stronger, thanks in part to its Sephora partnership, and margins grew.

By Daphne Howland • Nov. 21, 2023

Rocking the boat shoe: Sperry’s search for a lifeline

Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.

By Lara Ewen • Nov. 20, 2023

Odele secures private equity investment

The hair care brand snagged capital from Stride Consumer Partners, with its three co-founders retaining a majority stake.

By Dani James • Nov. 17, 2023

Old Navy regains momentum in Q3 as Gap Inc. shows signs of recovery

But Athleta's promise as a growth engine seems further away as both sales and comps plunged nearly 20%.

By Daphne Howland • Nov. 17, 2023

Walmart thinking ‘more cautiously’ about the consumer amid volatile sales trends

CFO John David Rainey warned of “somewhat uneven” sales, which led to softness at the end of October, but noted things looked better in November.

By Nate Delesline III • Nov. 16, 2023

Macy’s defies expectations in Q3 as margins improve

Sales fell and profits plummeted as customers remain cautious about spending, but the department store's report wasn’t as bad as many feared.

By Daphne Howland • Nov. 16, 2023

Digital Brands Group Q3 sales rise while net loss, expenses grow

The company — which is currently exploring strategic alternatives — operates a portfolio of brands including Sundry and Stateside. 

By Dani James • Nov. 16, 2023

The Body Shop sold to private equity

The deal marks the second sale this year for parent company Natura & Co., which sold Aesop to L’Oréal this spring. 

By Kaarin Moore • Nov. 16, 2023

Bed Bath & Beyond’s new CEO exited. Now what?

Jonathan Johnson bet it all on the home retailer, rebranding Overstock in the process. Then activists called for his ouster.

By Nate Delesline III • Nov. 16, 2023

Target CEO touts ‘meaningful improvement’ in profits even as revenue falls 4.2%

The retailer said easing inflation could bring shoppers back to discretionary categories as it adds updated merchandise for the holiday season.

By Nate Delesline III • Nov. 15, 2023