Adidas aims to fill the Nike gap at Foot Locker with expanded partnership

The new deal makes Foot Locker the "lead partner" for Adidas' basketball offerings and is expected to generate $2 billion in sales by 2025.

By Cara Salpini • May 6, 2022

Wayfair's net loss nears $320M as CFO prepares to exit

Michael Fleisher held the chief finance spot for eight years and will be succeeded by Kate Gulliver, who is the retailer's chief people officer.

By Caroline Jansen • May 5, 2022

Walgreens fills out executive team for retail

The company named a new chief marketing officer, chief merchant and chief product officer, all of whom will report to Chief Customer Officer Tracey Brown. 

By Ben Unglesbee • May 5, 2022

American Dream lost $60M last year

On top of the pandemic's challenges, the sprawling, experience-rich, debt-ridden mall has been beset by several delays and mishaps.

By Daphne Howland • May 4, 2022

Office Depot owner close to decision on sale of retail business as revenue falls

Sycamore Partners and an unnamed suitor have offered to buy the retailer as consumer-facing office supplies specialists wrestle with declining demand.

By Ben Unglesbee • May 4, 2022

A third of small retailers can't pay rent as financial struggles spike again

Businesses surveyed by Alignable cited inflation pressures and supply chain disruption as pandemic-era challenges grind on.

By Ben Unglesbee • May 3, 2022

Hudson's Bay appoints CFO

Nadira Singh is taking the role at the HBC-owned brick-and-mortar company, recently separated from the department store's e-commerce operations.

By Tatiana Walk-Morris • May 3, 2022

Madison Reed raises $33M to expand store footprint

The company plans to have 80 Hair Color Bar locations opened by the end of the year as it moves into new geographical markets.

By Dani James • May 2, 2022

G-III takes full ownership of Karl Lagerfeld

The move builds on a partnership launched in 2015, with plans for global growth across channels and category expansion, including jeans.

By Daphne Howland • May 2, 2022

Amazon to get a hearing on its objections over Staten Island union vote

The company complained that staff at the National Labor Relations Board in Brooklyn compromised the vote by workers to unionize.

By Ben Unglesbee • May 2, 2022

Authentic Brands Group sues checkout startup Bolt

ABG alleges Bolt's software services led to technology failures and lost sales, but Bolt denies the claims.

By Caitlin Mullen • April 29, 2022

Amazon's e-commerce retail sales fall 3% in Q1 as consumers return to stores

The company said that Prime Day will take place in July, and some analysts say it may host a second one to make up for its muted sales.

By Daphne Howland • April 29, 2022

Overstock sales fall 19% as macro challenges hit home

The drop in revenue was larger than the company anticipated, which it said could be due to consumers reacting to inflation and the war in Ukraine.

By Ben Unglesbee • April 29, 2022

The Weekly Closeout: Coty winds down Russian operations and The North Face repurposes scraps into gear

In 2021, the country accounted for about 3% of Coty's sales. Meanwhile, The North Face's latest sustainability effort turns factory scraps into new products.

By Retail Dive Staff • April 29, 2022

Mattel posts another 'blowout' quarter amid reported buyout interest

The company is cutting deals, growing market share and otherwise flexing its muscles. Analysts have noticed, as have possible suitors, according to reports.

By Ben Unglesbee • April 28, 2022

Mattel reportedly has talked with potential private equity buyers

According to The Wall Street Journal, the toy giant has had early-stage discussions with Apollo Global Management and L Catterton.

By Ben Unglesbee • April 27, 2022

Old Navy, new problem

Once Gap Inc.'s powerhouse, the value brand has faced supply setbacks and a merchandising muddle. Now, it is suddenly in need of a leader. 

By Daphne Howland • April 27, 2022

The Children's Place COO to retire

The kids' apparel retailer doesn't plan on filling Leah Swan's role after she leaves the company. 

By Ben Unglesbee • April 26, 2022

J.C. Penney owners Simon and Brookfield prepared to buy Kohl's for $8.6B, NY Post reports

The developers have teamed up to salvage bankrupt retailers including Forever 21 and Aeropostale, and keep those mall stores running.

By Daphne Howland • April 26, 2022

Bed Bath & Beyond talking with suitors for BuyBuy Baby: WSJ

Just two months after Chewy founder Ryan Cohen took an activist stake in the retailer, it is at least entertaining one of his main objectives.

By Ben Unglesbee • April 25, 2022

ThirdLove snaps up Kit Undergarments in first acquisition

CEO Heidi Zak said the bra company wanted a sub-brand to target a younger demographic and chose to acquire one rather than build it internally.

By Cara Salpini • April 25, 2022

For furniture retail, supply chain chaos has become 'normalized'

As category players extend lead times and amass inventory to manage delays, they're also building sourcing relationships beyond China and Vietnam.

By Ben Unglesbee • April 25, 2022

The Weekly Closeout: REI expands run assortment and Farfetch enters beauty

The outdoors retailer will also improve employee training in the category. Meanwhile, the luxury platform will offer a "curated edit" of beauty items.

By Retail Dive Staff • April 22, 2022

Rite Aid rejected an unsolicited buyout offer

The drugstore retailer dismissed the off-market proposal as not credible, but kept the door open for future offers.

By Ben Unglesbee • April 22, 2022

Digital Brands has ambitious expansion plans. A trade creditor wants them on ice until it is paid.

The DTC company's model is based on acquisitions. But it needs cash as losses expand and unpaid vendors seek payment in court. 

By Ben Unglesbee • April 21, 2022