Target pivots to larger stores with new 150K-square-foot format

The concept is 20,000 square feet larger than the company average, with more space for pickup services, fulfillment and merchandise.

By Ben Unglesbee • Nov. 10, 2022

Adidas will continue to sell Yeezy product without the Yeezy name

The athletic brand, facing steep revenue and profit losses after letting go of its most high-profile collaboration, again lowered its 2022 guidance.

By Daphne Howland • Nov. 9, 2022

Allbirds’ sales growth ‘disappointing’ given store expansion

The brand is also expanding its relationship with key wholesale partners, which co-CEO Joey Zwillinger says will raise brand awareness.

By Cara Salpini • Nov. 9, 2022

Revlon’s sales down 10% as it tries to right itself in Ch. 11

The cosmetics giant has worked to firm up relationships with suppliers and is also fielding potential interest in buying the company out of bankruptcy. 

By Ben Unglesbee • Nov. 9, 2022

DTC marketplace Heyday buys personal care startup ZitSticka

The marketplace has raised $800 million so far to fuel its acquisition and brand growth goals.

By Tatiana Walk-Morris • Nov. 9, 2022

Peloton co-founders raise $25M for new custom rug startup

John Foley, Hisao Kushi and Yony Feng hope to disrupt the industry with custom-cut rugs that aren’t bogged down by supply chain chaos. 

By Dani James • Nov. 8, 2022

Party City to shrink corporate workforce by 19% as consumers pull back

Halloween sales at the retailer came in at the low end of expectations as consumers worked to hold their spending down. 

By Ben Unglesbee • Nov. 8, 2022

Gap Inc. to sell Greater China business

The company made a deal with Baozun, an e-commerce solution provider, to operate the company’s in-market site and stores.

By Kaarin Moore • Nov. 8, 2022

C-suite shakeout at Tuesday Morning as CEO, COO and chief merchant exit

Fred Hand and Marc Katz are out after about a year and a half at the retailer following a major deal with the owner of the Pier 1 brand. 

By Ben Unglesbee • Nov. 7, 2022

Accessories membership club Vivrelle raises $35M in Series B

Since the company’s Series A funding round nearly 18 months ago, it has increased revenue by 600%. 

By Tatiana Walk-Morris • Nov. 7, 2022

NRF forecasts ‘healthy’ holiday sales in the face of economic challenges

The trade group predicts year-over-year growth of 6% to 8% and said consumers “remain resilient” even while facing inflation. 

By Dani James • Nov. 4, 2022

Zulily leads sales declines at Qurate (again)

Revenue was down 39% at the struggling e-commerce site, while sales were also down at the company’s flagship television retail banners. 

By Ben Unglesbee • Nov. 4, 2022

Lowe’s sells Canadian business to Sycamore Partners for $400M

The unit includes 450 corporate and independent affiliate dealer stores under the banners Rona, Lowe's Canada, Reno-Depot and Dick's Lumber.

By Caroline Jansen • Nov. 4, 2022

The Weekly Closeout: DSW bets on shoe repair and Under Armour finally addresses athleisure

Shoppers can drop off their worn shoes at the footwear retailer’s stores. And the athletics brand is broadening its assortment.

By Retail Dive Staff • Nov. 4, 2022

Dick’s Sporting Goods creates venture fund for sports startups

The company said the fund’s initial investments reflect a focus on innovation and customer experience.

By Tatiana Walk-Morris • Nov. 4, 2022

Amazon expands freeze in corporate hiring until next year

The e-commerce giant is tightening its belt further after pausing hiring in its retail operations last month.

By Daphne Howland • Nov. 4, 2022

StockX lays off about 80 more employees

The sneaker marketplace said the economy is a factor in laying off 80 employees, but the space is also roiled by Adidas’s move to cut ties with Ye.

By Daphne Howland • Nov. 3, 2022

Peloton Q1 revenue misses expectations as CEO says ‘the ship is turning’

While the fitness brand reported a drop in operating expenses, revenue fell 23% year over year and it expects challenges during the holiday season.

By Dani James • Nov. 3, 2022

Wayfair lost 1M customers in Q3 as revenues fell 9%

The online retailer continues to lose share as it sinks deeper into the red, with its operating losses for the year already surpassing $1 billion.

By Caroline Jansen • Nov. 3, 2022

Under Armour ekes out 1.8% growth in tough apparel market

Results came in better than feared as the sports apparel seller wrestles with rising inventory and a volatile economy. 

By Ben Unglesbee • Nov. 3, 2022

J.C. Penney drags down owner Simon Property Group in Q3

Some analysts would like to see the mall REIT provide more details about the retailers it owns, given the volatility they’ve introduced to its business.

By Daphne Howland • Nov. 2, 2022

Walmart cuts the price of Walmart+ membership in half for holiday promotion

Along with the discount, the retailer has recently added Paramount+ streaming and rewards to try to lure in new members. 

By Ben Unglesbee • Nov. 2, 2022

Away CFO steps into president role

The direct-to-consumer luggage company didn’t say who would replace Catherine Dunleavy as financial chief.

By Daphne Howland • Nov. 1, 2022

New Dollar General CEO takes the reins

Jeff Owen has moved into the chief spot, after serving as COO since 2019, and taken a seat on the board as Todd Vasos prepares to retire.

By Ben Unglesbee • Nov. 1, 2022

Victoria’s Secret will acquire DTC lingerie company Adore Me for $400M

The direct-to-consumer brand is one of many in the space that have challenged the intimates giant thanks to its inclusive sizing and fit technology.

By Daphne Howland • Nov. 1, 2022