Ron Johnson's Enjoy Technology wants to create a new form of retail. But first it must survive.

The former J.C. Penney CEO has built out a fleet of mobile stores to bring the shopping experience to homes. Its losses are mounting, though, and cash is running out.

By Ben Unglesbee • June 17, 2022

The Weekly Closeout: Deckers' COO steps down and Swarovski names CEO

David Lafitte exited the footwear retailer to pursue another opportunity, while the jewelry brand appointed its first chief outside of the founding family.

By Retail Dive Staff • June 17, 2022

Gap Inc. joins $8M funding round to take equity stake in Allyson Felix's Saysh

The company’s Athleta brand, which has partnered with the track and field star since 2019, will feature Saysh merchandise on its website.

By Daphne Howland • June 17, 2022

Revlon files for bankruptcy as debt, supply challenges take a toll

After years of hemorrhaging cash, the cosmetics brand aims to reorganize and cut its debt load in Chapter 11. 

By Ben Unglesbee • June 16, 2022

SKU’d: Chanel breaks up with the rich in favor of the ultra-rich

The fashion house is raising prices and opening high-end stores – all while reporting record-breaking numbers. 

By Kaarin Moore • June 16, 2022

Retailers grapple with e-commerce's drag on profits: report

The online channel is a must, but it’s costly, and scale doesn’t help much, according to research conducted by Ipsos for Publicis Sapient and Salesforce.

By Daphne Howland • June 14, 2022

LVMH invests in lab-grown diamond company Lusix

The luxury conglomerate noted in April that it was “working on replacing sourcing from Russia,” which was previously a large supplier for the natural diamond industry.

By Tatiana Walk-Morris • June 14, 2022

Ocean shipping reform clears Congress, to the cheers of retail groups

The bill, which President Biden indicated he will sign, gives the Federal Maritime Commission more authority to investigate and claw back carrier fees.

By Ben Unglesbee • June 14, 2022

Rent the Runway revenue doubles in Q1 as women dress up again

The apparel rental service, which benefits from the red-hot secondhand market, is expanding its more convenient, less costly at-home pickup services.

By Daphne Howland • June 13, 2022

Revlon reportedly preparing for bankruptcy

The beauty giant has long suffered under billions of dollars in debt, while the pandemic exacerbated its financial struggles.

By Ben Unglesbee • June 13, 2022

Recycled cotton company Recover raises $100M in funding led by Goldman Sachs

The latest round of funding speaks to the need for innovation in an industry that creates tons of waste annually.

By Dani James • June 13, 2022

Can investors make retail sustainable?

Lenders and shareholders are tying ESG concerns to the capital they invest. Meanwhile, corporate finance teams in retail lag in leading on sustainability.

By Ben Unglesbee • June 13, 2022

The Weekly Closeout: Target works to rightsize inventory and two CEOs prepare to exit

The big-box retailer shocked analysts by cutting its forecasts on operating margin, and the industry saw two major C-suite departures.

By Retail Dive Staff • June 10, 2022

Dick's, Levi's and other retail CEOs urge Senate to take action on guns

In the wake of recent mass shootings, more than 200 executives have signed a letter imploring legislators to “take bold urgent action” on gun violence.

By Ben Unglesbee • June 10, 2022

Stitch Fix misses out on the apparel boom, as losses widen in Q3

The e-retailer is still scrambling to integrate its e-commerce with its legacy box business, but some analysts see problems with its model.

By Daphne Howland • June 10, 2022

Stitch Fix lays off 15% of its salaried workforce

The reduction reflects about 4% of all company roles, mostly non-technology and styling leadership, CEO Elizabeth Spaulding said in a company blog post.

By Daphne Howland • June 9, 2022

Credit analysts put Kohl's on notice amid takeover talks

Analysts at S&P Global Ratings and Pulse Ratings are concerned about the reliance on the retailer’s real estate to finance most of the deal.

By Daphne Howland • June 9, 2022

Chico's was ready for its customers in Q1 as sales surged 40%

The conglomerate’s turnaround is paying off, but the second half of the year could be tougher as consumers battle inflation.

By Daphne Howland • June 8, 2022

Target moves to reduce inventory, taking markdowns and canceling orders

Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.

By Ben Unglesbee • June 7, 2022

With little choice, Kohl's in final talks for Vitamin Shoppe owner to take over for $9B

Franchise Group plans to leverage Kohl's real estate to finance most of the deal, a debt load that could hamper its turnaround, analysts say.

By Daphne Howland • June 7, 2022

Grove Collaborative slashes long-term growth expectations as revenue drops

Inflation and changing consumer behaviors are taking a toll on the company.

By Dani James • June 7, 2022

Amazon's consumer chief to leave after 23 years

Dave Clark has led teams that "built out Amazon's transportation network from scratch," CEO Andy Jassy said. Clark will become CEO of Flexport.

By Ben Unglesbee • Updated June 8, 2022

The Weekly Closeout: Kim Kardashian launches new skincare line and GameStop's losses spike

The celebrity shut down her previous KKW Beauty brand last year, and the gaming retailer's operating loss tripled to $153.7 million.

By Retail Dive Staff • June 3, 2022

Lululemon plans retro, hiking products

The athletics retailer also launched the second product in its footwear offering after the popularity of its running shoe drove out of stocks.

By Cara Salpini • June 3, 2022

Pinterest to acquire AI shopping platform The Yes

The Yes, which was founded by former Stitch Fix COO Julie Bornstein, furthers Pinterest's goal of being a personalized shopping destination.

By Dani James • June 3, 2022