Tempur Sealy snaps up Mattress Firm for $4B

Mattress Firm, which has been buffeted by the disruption in the segment and recently canceled its IPO, still runs more than 2,300 stores.

By Daphne Howland • May 9, 2023

Solo Brands posts 7.3% sales uptick in Q1 driven by wholesale strength

CEO John Merris emphasized the importance of its retail partnerships, which include Ace Hardware, REI and Dick’s Sporting Goods.

By Howard Ruben • May 8, 2023

EBay Ventures invests in sporting goods marketplace SidelineSwap

SidelineSwap also received an investment by DSG Ventures — the corporate venture arm of Dick’s Sporting Goods — last fall.

By Tatiana Walk-Morris • May 8, 2023

Figs Q1 revenue jumps while net income drops

The direct-to-consumer scrubs brand reported that active customers increased to 2.4 million while average order values lowered.

By Dani James • May 8, 2023

Adidas first quarter revenues drop 1%, beating expectations

The Yeezy loss continues to impact business, but new collaborations such as Fear of God could offset losses in the second half of 2023.

By Lara Ewen • May 5, 2023

Brooks Running posts 20% revenue increase in Q1

The brand reported strength from its e-commerce channel as it captured more share in the running category.

By Howard Ruben • May 5, 2023

Birchbox founder demands $2M from FemTec Health

Birchbox co-founder Katia Beauchamp alleges FemTec Health, which acquired the box subscription service in 2021, operated in bad faith.

By Dani James • May 4, 2023

Peloton to relaunch brand

While the company reported a total revenue decline in Q4 and missed on gross margin, it will rebrand later this month to better communicate its value.

By Dani James • May 4, 2023

Wayfair execs remain optimistic even as losses continue to mount

While the online retailer faces sales and customer declines, it believes it will be EBITDA positive as early as this quarter.

By Caroline Jansen • May 4, 2023

Therabody names Atkins alum as CFO

The Theragun maker is continuing its C-suite transformation as it looks to push forward into the broader, everyday health and wellness space.

By Grace Noto • May 4, 2023

J.C. Penney profits tumbled last year, as sales edged down

The department store’s investments are hitting its bottom line, but could fuel its comeback, according to owner Simon Property Group’s CEO.

By Daphne Howland • May 3, 2023

Simon Property ownership in retailers could end in 5 to 10 years, CEO says

David Simon still sees growth potential in the retailers owned by the mall REIT, though that portfolio swung to a loss in Q1.

By Daphne Howland • May 3, 2023

Shareholder files lawsuit against Allbirds

The complaint filed in April alleges the DTC brand’s registration statements in 2021 were false or misleading as it relates to non-core product offerings. 

By Dani James • May 2, 2023

Revlon, ready to exit Chapter 11, fills incoming board with former beauty retail execs

The cosmetics company says it will emerge from bankruptcy some time this week, under private ownership of several private equity firms.

By Daphne Howland • May 1, 2023

McKinsey: Consumers are trading down — and splurging

Inflation is still impacting shopper behavior, but younger consumers are also spending more on treating themselves.

By Xanayra Marin-Lopez • April 28, 2023

S&P downgrades luxury furniture retailer RH

The company said it’s expanding into other sectors to diversify its revenue streams amid weakened home-related discretionary spending.

By Nate Delesline III • April 28, 2023

Amazon Q1 retail sales flat as services drive growth

The company is focused on expanding services like advertising, where growth outpaced its retail and cloud businesses.

By Daphne Howland • April 28, 2023

Helen of Troy CEO to retire as company handles declining sales

The parent company of Hydro Flask and Osprey saw net sales decrease in the fourth quarter and expects continued economic pressure on consumers. 

By Dani James • April 27, 2023

Gap lays off 1,800 employees amid major restructuring

The massive downsizing is part of an effort to peel away management layers and slash expenses.

By Daphne Howland • April 27, 2023

Crocs raises full-year guidance as HeyDude doubles revenue

The company is investing in the smaller brand's growth by expanding its distribution capabilities and wholesale partners.

By Nate Delesline III • April 27, 2023

The Backroom: Why is Walmart selling off so many DTC brands?

The retailer bought, and sold off, several digital natives including Bonobos and Eloquii. The team discusses what this signals about the company's game plan.

By Retail Dive Staff • April 27, 2023

Gap Inc. says more layoffs to come

The further workforce reduction comes amid a search for a permanent CEO and sales declines at all the conglomerate’s brands.

By Daphne Howland • April 25, 2023

Authentic Brands Group strikes deal to acquire Vince’s intellectual property

Vince Holding Corp. hopes the deal will help it strengthen its balance sheet and expand internationally.

By Laurel Deppen • April 25, 2023

Bed Bath & Beyond, finally in Chapter 11, is going out of business

The struggling home goods retailer has been searching for a buyer since last year to no avail, and, after much delay, filed for bankruptcy.

By Daphne Howland • April 24, 2023

The Weekly Closeout: Nike releases first virtual collection and Skechers partners with Mr. T

The athletics retailer is unveiling its first digital collection since launching the .Swoosh platform, while the footwear brand is embracing the “t” in Skechers.

By Retail Dive Staff • April 21, 2023