Financial News: Page 64


  • A walmart distribution center with a Symbotic automation system. Provided July 20.
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    Permission granted by Symbotic
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    Walmart plots 4 new 'next generation' fulfillment centers

    The facilities incorporate an automated storage and retrieval system while also employing 4,000 new workers, and could serve 75% of the U.S.

    By June 3, 2022
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Retail Dive
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    Levi's aims for $10B in revenue in 5 years

    The company has set ambitious goals based on diversifying its portfolio and boosting DTC sales, while relying on the longevity of its flagship denim.

    By June 2, 2022
  • Chewy, fulfillment center
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    Permission granted by Chewy
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    Chewy sales up nearly 14% in Q1

    The online pet retailer expects sales growth to continue into the second quarter even as concerns over inflation intensify.

    By June 2, 2022
  • An Enjoy Technology worker assisting a customer set up a smartphone
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    Courtesy of Enjoy Technology
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    Another Enjoy Technology CFO out as it faces cash crisis

    The commerce-at-home company — led by former J.C. Penney CEO Ron Johnson — can't keep up with its spiraling costs.

    By June 2, 2022
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    Courtesy of Trunk Club A Nordstrom Company
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    What Trunk Club's demise says about apparel subscriptions

    Customers who engage with Nordstrom's stylists, online or in stores, spend more time and money at the retailer. So it's going outside the box.

    By June 2, 2022
  • An Amazon Prime delivery truck sits at a facility.
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    Courtesy of Amazon
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    Amazon says it is 'inappropriately' targeted by big tech legislation

    The company says its customers would be hurt by bills in the House and Senate, which target conflicts of interest at major tech platforms. 

    By June 1, 2022
  • Build-A-Bear Workshop store
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    "Potomac Mills Build-A-Bear Workshop" by Aolden23 is licensed under CC BY-SA 3.0
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    Build-A-Bear reports record $117.7M in revenue

    The toy company saw growth in Q1 as its European stores reopened, despite industrywide pressure from fuel costs and inflation.

    By Dani James • June 1, 2022
  • Dia & Co. has acquired plus-size luxury retailer 11 Honoré
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    Courtesy of Dia & Co.
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    Dia & Co. snaps up luxury plus-size retailer 11 Honoré

    The acquisition moves the inclusive apparel company into the luxury space.

    By June 1, 2022
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    Daphne Howland/Retail Dive
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    In Q1, Victoria's Secret firmly in control against apparel headwinds

    The lingerie retailer said it's regaining market share and maximizing margins, but may cut prices in order to make a sale.

    By June 1, 2022
  • A blue sign with the Polo horse-and-rider logo and the words "Polo Ralph Lauren" hangs from a clapboard building.
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    Daphne Howland/Retail Dive
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    Apparel retailers get squeezed in Q1

    Sales were up at many players, but so were inventories. Meanwhile, margins and profits are down.

    By June 1, 2022
  • Rael products.
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    Courtesy of Rael
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    Rael raises $35M in Series B funding

    The DTC menstruation care brand seeks to enter new markets and add products to its lineup as other period and personal care products gain ground.

    By Tatiana Walk-Morris • May 31, 2022
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    Daphne Howland/Retail Dive
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    Victoria's Secret finances 'historic' settlement with garment workers

    A loan from the brand has helped employees laid off from a factory in Thailand get severance owed to them for more than a year. 

    By May 31, 2022
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    Adeline Kon/Retail Dive
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    Tracker

    The running list of major retail deals

    Beyond Inc. agreed to buy the global rights to the BuyBuy Baby brand and Reebok’s U.S. operations were sold.

    By Retail Dive Staff • Updated April 11, 2025
  • A building with a pitched roof and "Athleta" in big block letters is seen at a slant from below.
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    Daphne Howland/Retail Dive
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    Could Gap Inc. spin off Athleta?

    An abandoned plan to separate Old Navy a few years ago showed that breaking up is hard to do. But the conglomerate's troubles may call for it.

    By May 27, 2022
  • American Girl launches a podcast network.
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    Courtesy of American Girl
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    Column

    The Weekly Closeout: American Girl jumps on the podcast bandwagon

    Meanwhile, Stitch Fix named a new head of marketing and Dollar General workers traveled to its annual shareholder meeting to protest working conditions.

    By Retail Dive Staff • May 27, 2022
  • Ulta shop-in-shop at Target
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    Courtesy of Target
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    Ulta shoppers not feeling inflation yet

    In fact, prestige cosmetics sales in the quarter outperformed as makeup made a comeback.

    By May 27, 2022
  • Woman shopping in supermarket and reading product information. Costumer buying food at the market.
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    oatawa via Getty Images
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    The 'end to the good times' is here as consumers brace against inflation: S&P

    Analysts see more risk to profits and sales as consumers manage spiking costs for fuel and food, and retailers face more pain on freight. 

    By May 26, 2022
  • Exterior of Dollar General store in York, Pennsylvania
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    Sam Silverstein/Retail Dive
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    Dollar stores raise their expectations in volatile environment

    Dollar General and Dollar Tree could benefit from customers seeking out low prices, but their own costs are rising and shoppers are focused on consumables for now.

    By May 26, 2022
  • An exterior corner of a Macy's store.
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    Daphne Howland/Retail Dive
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    Macy's Polaris turnaround gains traction in Q1

    The department store partook of elevated demand from a variety of quarters in the period, but has work to do to entice increasingly wary consumers.

    By May 26, 2022
  • Dick's Sporting Goods' House of Sport store concept
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    Permission granted by Dick's Sporting Goods
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    Dick's sales decline in the face of 119% growth last year

    The results indicate a slowdown in consumer demand for the category after stimulus payments last year helped fuel record growth.

    By May 26, 2022
  • A quotation mark on a blue background.
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: What Walmart and Target tell us about the state of retail in 2022

    Rising food and gas prices are causing consumers to pull back on discretionary spending. That hurt retailers in the first quarter.

    By Retail Dive Staff • May 26, 2022
  • Zowie closes $14M in Series A funding.
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    Courtesy of Zowie
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    Chatbot startup Zowie raises $14M in Series A funding

    The company will use the funds to hire more employees and expand its product.

    By Tatiana Walk-Morris • May 25, 2022
  • Nordstrom Rack, at Codding Town, Bend, Oregon
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    Daphne Howland/Retail Dive
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    With work, travel and occasions back on, customers have returned to Nordstrom

    Even off-price Rack beat Q1 expectations, although the company still faces plenty of unknowns this year. Meanwhile, Trunk Club is shutting down.

    By May 25, 2022
  • A Petco storefront. There is a white van parked outside and a person walking in the store.
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    Permission granted by Petco
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    Petco comps up 5% in Q1 as consumers continue to spend on pets

    The pet category has been resilient in times of economic uncertainty. That could help Petco as consumers pull back on discretionary spending.

    By May 24, 2022
  • Best Buy announces new Outlet stores.
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    Courtesy of Best Buy
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    Best Buy trims sales expectations as pandemic boom unwinds

    Inflation, the end of stimulus and a return to experience spending hurt sales at the retailer — but it could have been worse. 

    By May 24, 2022