Forever 21 and Shein strike deal to distribute both companies’ products

Under the agreement, the Sparc Group will become a minority shareholder in Shein.

By Laurel Deppen • Aug. 24, 2023

Dollar Tree agrees to $1.35M OSHA penalty over store safety violations

The discounter's Q2 revenue rose, but profits are down amid adjustments to operations at its namesake and Family Dollar banners.

By Daphne Howland • Aug. 24, 2023

Ghost raises $30M to help brands, retailers move surplus inventory

The members-only B2B marketplace allows sellers to monetize their surplus inventory to vetted buyers. 

By Tatiana Walk-Morris • Aug. 24, 2023

Bath & Body Works loyalty members now make up 75% of US sales

The program has ballooned to 38 million members in one year. The retailer also opened 30 new off-mall stores in Q2 as it looks for growth.

By Nate Delesline III • Aug. 23, 2023

Kohl’s Q2 profits plunge 60%

Tight cost control helped keep the department store in the black. But sales fell and customers remain under pressure.

By Daphne Howland • Aug. 23, 2023

Peloton recall dings growth in Q4

The company — which saw revenue decline 5% year over year — experienced larger-than-anticipated costs after enacting a bike seat post recall in May.

By Dani James • Aug. 23, 2023

Foot Locker sales fall nearly 10% as it weathers ‘tougher than expected’ year

CEO Mary Dillon said the start of the back-to-school season was weaker than expected as lower-income shoppers stay cautious.

By Cara Salpini • Aug. 23, 2023

Lowe’s to give $100M in bonuses to frontline workers

The home improvement retailer is maintaining its full-year guidance after it beat earnings expectations.

By Nate Delesline III • Aug. 22, 2023

Macy’s swings to a loss in Q2 as consumer situation deteriorates

Credit card delinquencies took an $84 million bite out of revenue, but sales fell in stores and online as well.

By Daphne Howland • Aug. 22, 2023

Dick’s cuts jobs as theft takes a bite out of profit

The athletics retailer rolled out a business optimization plan to streamline its cost structure, while executives called theft an “increasingly serious issue.”

By Cara Salpini • Aug. 22, 2023

Boxed acquired by MSG Distributors

The regional distributor of consumables and household products said it will work to continue serving Boxed’s customers, vendors and brands.

By Peyton Bigora • Aug. 22, 2023

DTC’s Q2 was a mixed bag as holidays approach

Some brands swam while others drowned in a period that saw everything from major executive changes to falling sales.

By Caroline Jansen , Dani James • Aug. 21, 2023

The Weekly Closeout: Target faces ESG lawsuit, BeautyStat names chief marketing officer

The suit filed by a Target stockholder alleges that the retailer misled shareholders over the effect its ESG efforts would have on its performance.

By Retail Dive Staff • Aug. 18, 2023

Christmas Tree Shops to liquidate under Chapter 7

The retailer’s bankruptcy was converted from Chapter 11 this week, with the judge stepping in to prioritize paying store employee wages.

By Daphne Howland • Aug. 18, 2023

Bark approves share repurchase program of up to $7.5M

The pet care brand's long-term debt reached $81.4 million in Q1 and revenue declined 8% year over year. 

By Dani James • Aug. 18, 2023

Express plans layoffs, reverse stock split

The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.

By Nate Delesline III • Aug. 18, 2023

Walmart raises guidance after solid Q2

Consumers continue to rely on the retailer for essentials but its CEO sees opportunity to drive discretionary buys.

By Nate Delesline III • Aug. 17, 2023

RadioShack under new ownership again

Unicomer Group has taken over from Retail Ecommerce Ventures, which first acquired the retailer's IP in 2020.

By Daphne Howland • Aug. 17, 2023

Digital Brands Group reports Q2 net income

The company — which boasts a portfolio including Sundry and Stateside — swung from a net loss of $10.6 million the year before. 

By Dani James • Aug. 17, 2023

Target’s Q2 profits beat expectations despite soft sales

The retailer also acknowledged controversy over its Pride month assortment affected performance.

By Nate Delesline III • Aug. 16, 2023

HomeGoods owner gets a boost from Bed Bath & Beyond closures

But the robust apparel sales at TJX Cos.’ T.J. Maxx and Marshalls stores could be undermined once student loan payments resume, analysts said.

By Daphne Howland • Aug. 16, 2023

What Gap Inc. needs from its new CEO

Longtime Mattel executive Richard Dickson is taking the reins of an apparel conglomerate — whose brands all need some help.

By Daphne Howland • Aug. 16, 2023

Grove Collaborative co-founder out as CEO

Stuart Landesberg will exit the chief executive role Wednesday, being succeeded by former Zulily and Shopbop CEO Jeff Yurcisin.

By Caroline Jansen • Aug. 15, 2023

Parade acquired by Ariela & Associates International

The DTC intimates brand has expanded its product categories over the past several months and will operate as a division of Ariela & Associates International.

By Dani James • Aug. 15, 2023

Home Depot positive on full year as Q2 beats expectations

Although sales of big-ticket items are down, the retailer is expanding its offering in the hand tools, kitchen and bath sectors.

By Nate Delesline III • Aug. 15, 2023