Financial News: Page 7


  • An assortment of 8Greens products
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    Courtesy of Grove Collaborative
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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
  • TJMaxx storefront.
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    Kaarin Vembar/Retail Dive
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    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 March 13, 2025
  • Allbirds opens store in Flatiron district of New York City.
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    Courtesy of Allbirds
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    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 March 12, 2025
  • Cars parked in front of a sporting goods store.
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    Daphne Howland/Retail Dive
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    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 March 11, 2025
  • Gray clouds over a Kohl's store, with an entrance to Sephora.
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    Daphne Howland/Retail Dive
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    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 March 11, 2025
  • Three hands holding three bright pink and red skincare bottles
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    Permission granted by Futurewise
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    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 March 11, 2025
  • People walk around in front of Saks Fifth Avenue and Hudson's Bay department stores.
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    "Hudson's Bay" by Jeff Hitchcock is licensed under CC BY 2.0
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    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 March 10, 2025
  • Zendaya for sneaker brand On
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    Courtesy of On
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    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 March 10, 2025
  • Wayfair's first brick-and-mortar store in Wilmette, Illinois on Sept. 3, 2024.
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    patty_c via Getty Images
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    Wayfair lays off 340 tech employees

    The company also plans to close its Technology Development Center in Austin, Texas.

    By March 7, 2025
  • A vessel full of containers traveling through a European waterway.
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    Dan Kitwood via Getty Images
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    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 pharmacy
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    Justin Sullivan via Getty Images
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    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
  • A large, lit-up sportswear store at night.
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    Courtesy of Adidas
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    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 March 7, 2025
  • An apparel store with merchandise arranged in rainbow colors.
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    Courtesy of Gap Inc.
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    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 March 7, 2025
  • President Donald Trump addresses reporters at the White House on March 6, 2025.
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    Alex Wong via Getty Images
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    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
  • Mattress Firm storefront.
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    Permission granted by Mattress Firm
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    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
  • Blurry cars drive by a Macy's store entrance.
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    Daphne Howland/Retail Dive
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    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 March 6, 2025
  • Two people walking out from a store with a cart full of items.
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    Daphne Howland/Retail Dive
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    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 March 5, 2025
  • A wall that reads "Foot Locker" with a wood bar-like setup in front of it.
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    Courtesy of Foot Locker, Inc.
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    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 March 5, 2025
  • Billowy clouds in a blue sky above a storefront.
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    Daphne Howland/Retail Dive
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    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
  • A person crossing the street amid city traffic.
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    Daphne Howland/Retail Dive
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    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 March 4, 2025
  • People walking past and into a store.
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    Daphne Howland/Retail Dive
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    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
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    Courtesy of Solo Brands
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    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
  • In a screenshot, two people demonstrate a kitchen stand mixer during a QVC segment
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    Courtesy of Qurate Retail Inc.
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    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
  • Shoppers walk by boarded-up windows in front of a brick, Old Navy building.
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    Justin Sullivan via Getty Images
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    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 March 3, 2025
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    Mario Tama via Getty Images
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    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