Financial News: Page 7
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Grove Collaborative’s revenue falls more than 17% in Q4
The company is in the midst of a turnaround, which includes a pivot away from wholesale partners and a focus on acquiring third-party brands.
By Nate Delesline III • March 13, 2025 -
US immigration policy could hurt off-pricers
Burlington, TJX and Ross stand to benefit from tariffs and consumer angst, but one of their most important customer bases is under extreme pressure.
By Daphne Howland • March 13, 2025 -
Allbirds Q4 sales plunge as shift from DTC takes a toll
The pain will steadily subside this year, however, as the footwear brand makes progress toward a more profitable distribution model, executives said.
By Daphne Howland • March 12, 2025 -
Dick’s plots ‘significant investments’ in stores, digital as winning streak continues
Technology and marketing will see more capital as the sporting goods retailer looks to take more share in e-commerce and grow its footwear business.
By Cara Salpini • March 11, 2025 -
Kohl’s working to fix mistakes as Q4 sales, profits plummet
Without its Sephora shops, the department store’s holiday results would have been worse, yet the beauty partnership’s boost may be waning.
By Daphne Howland • March 11, 2025 -
Skin care brand Futurewise is shutting down
The company, which entered Target just two years ago, will no longer accept orders on its website after March 24.
By Caroline Jansen • March 11, 2025 -
Hudson’s Bay Co. cites Trump tariffs in bankruptcy filing
The department store company, which also runs Saks Fifth Avenue and Saks Off 5th stores in Canada, will exit the process with a smaller footprint.
By Daphne Howland • March 10, 2025 -
On plots first co-created footwear, apparel collection with Zendaya
Deeper relationships with celebrity ambassadors and wholesale partners are in focus as the activewear brand grows sales by double digits.
By Cara Salpini • March 10, 2025 -
Wayfair lays off 340 tech employees
The company also plans to close its Technology Development Center in Austin, Texas.
By Caroline Jansen • March 7, 2025 -
Column
The Weekly Closeout: Trade groups sound the alarm on tariffs, L’Oréal sells Carol’s Daughter
RILA, NRF and AAFA all raised red flags about President Trump’s trade policies, while the beauty conglomerate sold the brand it bought a decade ago.
By Retail Dive Staff • March 7, 2025 -
Walgreens to be acquired in $10B take-private deal
The struggling retail pharmacy chain's nearly 100-year run as a public company could end following an agreement to be purchased by private equity firm Sycamore Partners.
By Emily Olsen • March 7, 2025 -
Adidas: There is ‘not one Yeezy shoe left in our inventory’
CEO Bjørn Gulden also confirmed 500 jobs at its headquarters are now “obsolete” as it looks to localize operations.
By Cara Salpini • March 7, 2025 -
Old Navy, Gap lead comeback as Athleta drags
Ending the year with a holiday performance that beat expectations, Gap Inc. gained market share for the eighth straight quarter.
By Daphne Howland • March 7, 2025 -
Trump extends pause on Mexico, Canada tariffs for some goods
Imports from the countries that are compliant with the United States-Mexico-Canada Agreement will not be subject to tariffs until April 2.
By Philip Neuffer • March 7, 2025 -
Longtime Tempur Sealy exec named president of Mattress Firm
Steve Rusing, a 30-year veteran of Tempur Sealy, will take over on Monday as newly formed parent Somnigroup International pursues growth.
By Nate Delesline III • March 7, 2025 -
Macy’s stores on the chopping block weigh on holiday sales
Thanks to revamped locations and gains at Bloomingdale’s and Bluemercury, though, the department store continues its turnaround with some strength.
By Daphne Howland • March 6, 2025 -
Target plans multiyear merchandise revamp as store openings slow
The retailer will expand assortments in areas like gaming and home, part of a five-year strategic plan to drive more than $15 billion in growth.
By Daphne Howland • March 5, 2025 -
Foot Locker to refresh 300 stores this year
The retailer will also open 80 of its reimagined store concept in 2025. The changes come alongside hundreds of closures over the years.
By Cara Salpini • March 5, 2025 -
Best Buy warns tariffs may drive up prices
The consumer electronics retailer saw sales fall and profits plunge in both its fourth quarter and full year.
By Nate Delesline III • March 5, 2025 -
Nordstrom posts robust holiday quarter, CFO plans jump to Starbucks
Margins expanded and profits rose in the period, leaving the department store in good shape as it prepares to go private later this year.
By Daphne Howland • March 4, 2025 -
Target expects tariffs to pressure profits in Q1
The retailer saw sales slide in the fourth quarter as it faced out-of-stocks and other challenges with in-store experiences.
By Nate Delesline III • March 4, 2025 -
Solo Brands receives noncompliance warning from NYSE
The company has six months to regain compliance with the stock exchange. Meanwhile, its CEO will exit the business on Friday.
By Tatiana Walk-Morris • March 3, 2025 -
QVC Group focuses on social, streaming growth as revenue continues to slide
After a $1.2 billion annual net loss, the company has struck a deal with CEO David Rawlinson to stay on through 2027 as it pursues a turnaround strategy.
By Nate Delesline III • March 3, 2025 -
What 5 charts say about the pandemic’s impact on retail, 5 years later
The industry may be far from the dramatic day-to-day struggles of 2020, but it hasn’t yet escaped the long tail the global health crisis left in its wake.
By Cara Salpini • March 3, 2025 -
Consumer spending falls, highlighting fading confidence
Two closely tracked gauges of consumer confidence slid in February, pushed down by concerns about import duties enacted by the Trump administration.
By Jim Tyson • Feb. 28, 2025