Financial News: Page 64
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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 Ben Unglesbee • June 3, 2022 -
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 Daphne Howland • June 2, 2022 -
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 Caroline Jansen • June 2, 2022 -
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 Ben Unglesbee • June 2, 2022 -
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 Daphne Howland • June 2, 2022 -
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 Ben Unglesbee • June 1, 2022 -
"Potomac Mills Build-A-Bear Workshop" by Aolden23 is licensed under CC BY-SA 3.0
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. snaps up luxury plus-size retailer 11 Honoré
The acquisition moves the inclusive apparel company into the luxury space.
By Daphne Howland • June 1, 2022 -
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 Daphne Howland • June 1, 2022 -
Apparel retailers get squeezed in Q1
Sales were up at many players, but so were inventories. Meanwhile, margins and profits are down.
By Daphne Howland • June 1, 2022 -
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 -
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 Ben Unglesbee • May 31, 2022 -
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 -
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 Daphne Howland • May 27, 2022 -
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 shoppers not feeling inflation yet
In fact, prestige cosmetics sales in the quarter outperformed as makeup made a comeback.
By Cara Salpini • May 27, 2022 -
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 Ben Unglesbee • May 26, 2022 -
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 Ben Unglesbee • May 26, 2022 -
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 Daphne Howland • May 26, 2022 -
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 Cara Salpini • May 26, 2022 -
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 -
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 -
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 Daphne Howland • May 25, 2022 -
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 Caroline Jansen • May 24, 2022 -
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 Ben Unglesbee • May 24, 2022