Gap Inc. losses shrink in Q1 as sales continue to slide

Major cost cuts, including the elimination of some 2,300 jobs in recent months, are helping stabilize the bottom line.

By Daphne Howland • May 26, 2023

Best Buy CEO: ‘2023 will be the bottom’ for falling electronics sales

Profits and revenue declined in Q1, driven by falling computer, appliance, home theater and mobile phone sales, executives said Thursday.

By Daphne Howland • May 25, 2023

The Backroom: How the consumer is doing so far this year

Discretionary goods are a low priority amid an uncertain economy and a desire to spend on experiences, but retailers are holding their own. What about the rest of 2023?

By Retail Dive Staff • May 25, 2023

Citing progress in Q1, Kohl’s will open new stores, avoid closures

The department store is working on its turnaround this year, leaning heavily on its Sephora partnership to drive sales and traffic.

By Daphne Howland • May 24, 2023

Express closes on Bonobos acquisition as sales fall 15%

The apparel retailer has hired advisers to help it cut costs as losses pile up.

By Nate Delesline III • May 24, 2023

Dick’s plans 9 House of Sport stores in 2023 as sales rise 5.3%

Unlike Foot Locker, the sporting goods retailer said its consumer is holding up well as it reaffirmed its full-year outlook.

By Cara Salpini • May 24, 2023

Indochino saw ‘record setting’ revenue in Q1

The privately held DTC brand attributed the sales to its expanded women’s offering, diversified partnerships and strong shop-in-shop execution.

By Howard Ruben • Updated May 25, 2023

Ariana Grande’s R.e.m. Beauty receives investment from Sandbridge Capital

The makeup company hopes to optimize its “global potential.” The celebrity bought back the brand's assets in February.

By Dani James • May 23, 2023

Lowe’s lowers full-year guidance as DIY spending softens in Q1

Despite near-term economic pressures, the home improvement chain said it has a generally positive long-term outlook.

By Nate Delesline III • May 23, 2023

Digital Brands Group sees potential for 50 retail stores

Thanks mostly to its acquisition of women's apparel brand Sundry, the direct-to-consumer company reported a net revenue increase of 48% in Q1.

By Dani James • May 22, 2023

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