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

A.k.a. Brands receives delisting warning from NYSE

The company — which owns Princess Polly — said it might use a reverse stock split to resolve the issue and projects net sales of $120 million in Q1.

By Dani James • April 20, 2023

Digital Brands Group revenue declines in fourth quarter

The company is in technical default on certain debts, but CEO Hil Davis says the business is “different now than it was in 2022.”

By Dani James • April 20, 2023

Why hasn’t Bed Bath & Beyond filed for bankruptcy yet?

The struggling home goods retailer has been pulling all kinds of levers, leaving many to wonder why it hasn’t sought Chapter 11 protection by now.

By Daphne Howland • April 20, 2023

REI swings to a loss despite record sales in 2022

The outdoor retailer saw expenses surge as it beefed up membership benefits and increased employee pay last year.

By Daphne Howland • April 20, 2023

David’s Bridal owes $27.5M to vendors as it charts course in bankruptcy

The wedding apparel retailer owes millions to the joint venture that procures the bulk of its merchandise outside North America.

By Ben Unglesbee • April 20, 2023

Three years after acquiring it, Lululemon could sell Mirror: Bloomberg

The home fitness maker has been a drag on the athletic retailer’s performance, and hardware sales disappointed in Q4.

By Cara Salpini • April 18, 2023

David’s Bridal is prepared to liquidate if it can’t find a buyer

Even if the retailer does stay in business under new ownership, it’s likely to shrink its fleet of nearly 300 stores.

By Daphne Howland • April 18, 2023

Dr. Martens CFO to retire

Jon Mortimore will stay on until a successor is found, and the footwear brand spent more than anticipated in Q4 to resolve issues at a U.S. distribution center. 

By Dani James • April 17, 2023

S&P upgrades Dillard’s, forecasts ‘sustained profitability’

The regional department store is positioned well thanks to strong inventory management and limited discounting, according to analysts. 

By Nate Delesline III • April 17, 2023

David’s Bridal takes another walk down the bankruptcy aisle

The bridal retailer launched several initiatives since exiting Chapter 11 four years ago, but the pandemic and the economy have taken a toll.

By Daphne Howland • April 17, 2023

Universal Standard acquires plus-size brand Henning

As a result of the deal, Henning founder Lauren Chan is joining the direct-to-consumer company as head of brand partnerships. 

By Dani James • April 14, 2023

The Weekly Closeout: Lacoste partners with Netflix and is David’s Bridal considering bankruptcy?

The fashion brand is releasing a collection based on “Bridgerton” and other shows, while the wedding retailer could be looking at a Chapter 22.

By Retail Dive Staff • April 14, 2023

Walmart is selling Bonobos to Express, WHP Global for $75M

The retail giant paid more than four times that much when it acquired the DTC menswear brand six years ago.

By Daphne Howland • April 14, 2023

Rent the Runway names new CFO as it slogs toward profitability

The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.

By Daphne Howland • April 13, 2023

Forma Brands exits bankruptcy, names previous Outdoor Voices exec CEO

The beauty company finalized its sale to investors, including Jefferies Finance, and appointed Cliff Moskowitz to the chief role.

By Dani James • April 12, 2023

Citing ‘tens of millions of dollars a year’ in losses, Walmart to close 4 Chicago stores

The retail giant has traditionally favored operating in suburban and rural areas, and is pulling back on its smaller Neighborhood Market locations.

By Daphne Howland • April 12, 2023

Tonal founder Aly Orady steps down as CEO

Orady is transitioning to the chief technology officer position as the company closes $130 million in financing.

By Dani James • April 11, 2023

Casper to sell Canadian operations for $20.6M

The disruptor is handing over its Canadian business to traditional retailer Sleep Country, which operates 290 corporate-owned stores and 20 warehouses.

By Dani James • April 10, 2023

S&P Global takes Kohl’s down a notch after weak Q4

The retailer’s high C-suite turnover, its status as a department store and an uncertain economy could limit its progress this year, the ratings firm warned.

By Daphne Howland • April 10, 2023

How retailers can weather an economic storm with bespoke BNPL options

Providing customers with an easier way to afford larger purchases, and making upgrades and different feature configurations available, helps retailers remain competitive.

April 10, 2023