Adidas to resume selling Yeezy products at the end of May

It’s the first time the products have been up for sale since Adidas broke ties with Kanye West, also known as Ye, in October.

By Cara Salpini • May 22, 2023

The Container Store announces layoffs

The retailer employs over 5,000 people, but would not disclose the number of jobs impacted. 

By Kaarin Moore • May 22, 2023

Bath & Body Works will launch hair care products in 560 stores this summer

The chain is looking for ways to grow and find new customers as its booming pandemic-related sales subside.

By Daphne Howland • May 19, 2023

Foot Locker sales fall 11% as consumers pull back on spending

Planning for larger declines than anticipated, the retailer slashed its full-year guidance and brought on a Kohl’s veteran as chief financial officer.

By Cara Salpini • May 19, 2023

Walmart sales up 7.6% as shoppers hunt for low prices

Cheap groceries and household goods are drawing in more customers, including higher-income ones, but analysts say few are buying more than that.

By Nate Delesline III • May 18, 2023

Canada Goose revenue jumps in Q4 as it focuses on DTC

The brand is leaning into its direct-to-consumer channel, which saw sales increase 22.6% in the period, as it plans to open 16 stores in fiscal 2024.

By Dani James • May 18, 2023

EBay acquires tech company Certilogo to boost secondhand fashion authentication

Certilogo uses digital tech to give consumers access to information about products and confirm their authenticity. 

By Tatiana Walk-Morris • May 18, 2023

Target sales flat as retailer warns of $500M profit hit

Consumers stuck to basics in Q1, while the retailer is expecting a significant financial impact due to inventory shrink.

By Nate Delesline III • May 17, 2023

TJX pulls further ahead of rivals as Q1 profits, margin surge

The off-pricer has long been a leader in the segment, but is expanding its appeal to consumers as well as brands, BMO Capital Markets analysts said.

By Daphne Howland • May 17, 2023

Footwear brand On reports record sales growth in Q1

The company is selling predominantly at full-price — even within a promotional environment in the category — and more than quadrupled net income. 

By Dani James • May 17, 2023

Home Depot misses Q1 expectations, lowers guidance

The retailer reported one of its largest quarterly comps declines in over a decade, but the company expects improvements in the coming quarters.

By Nate Delesline III • May 16, 2023

How DTC brands fared in Q1

Some were able to stymie losses during the period, while others sank deeper into the red as revenues fell.

By Caroline Jansen , Dani James • May 16, 2023

At Home completes $200M private placement

As other companies exit the sector, the retailer says the move will strengthen its financial position and lead to growth opportunities.

By Nate Delesline III • May 15, 2023

Birchbox assets acquired by Retention Brands

After months of growing vendor and customer complaints at Birchbox, parent company FemTec Health is winding down its business and selling off its assets.

By Dani James • May 15, 2023

Vitamin Shoppe parent going private in $2.6B deal

CEO Brian Kahn is leading an investor group in a buyout deal following a lackluster first quarter.

By Nate Delesline III • May 12, 2023

The Weekly Closeout: Shein aims to repurpose excess inventory and Nike adds board member

The fast-fashion giant wants to use other retailers’ scraps for new clothing. Meanwhile, former Kimberly-Clark executive Maria Henry joined the athletic retailer’s board.

By Retail Dive Staff • May 12, 2023

Wolverine is ‘exploring strategic alternatives’ for Sperry

CEO Brendan Hoffman said the footwear company needs to focus on its core brands, including Merrell, Saucony and Sweaty Betty.

By Lara Ewen • May 12, 2023

Adidas plans to sell some of its Yeezy inventory and donate the money

CEO Bjørn Gulden said Thursday that burning the $1.3 billion worth of products was not the solution.

By Cara Salpini • May 11, 2023

Solo Brands acquires TerraFlame

The move helps build out the company’s portfolio of brands, which also includes Solo Stove, Chubbies, Oru Kayak and Isle.

By Caroline Jansen • May 11, 2023

Wayfair aims to raise over half a billion dollars through convertible senior notes

The home goods retailer expects to generate up to $677 million in net proceeds from the offering, which is set to close on Friday.

By Caroline Jansen • May 10, 2023

Allbirds undergoes layoffs, co-CEO transitions to new role

Co-founder Tim Brown has taken on the chief innovation officer role as the direct-to-consumer brand reported a drop in its Q1 net revenue.

By Dani James • May 10, 2023

Higher-income shoppers help ThredUp narrow loss, grow sales in Q1

The secondhand apparel site plans to reach a measure of profitability by Q4, but some analysts warn its growth plans could risk that.

By Daphne Howland • May 10, 2023

Warby Parker revenue up 12.2% in Q1 as it reins in marketing spend

The direct-to-consumer eyewear company narrowed its net loss again and is focused on becoming a holistic eye care provider.

By Dani James • May 9, 2023

ThredUp lists on alternative stock exchange

The resale company will commit to a vision for sustainable and inclusive business practices on the Long-Term Stock Exchange.

By Nate Delesline III • May 9, 2023

Under Armour CEO: ‘Growth is, without a question, our highest priority’

New chief Stephanie Linnartz identified a slew of areas that need work and rolled out a strategy that hinges on athleisure.

By Cara Salpini • May 9, 2023