Financial News: Page 8


  • Exterior shot of an Urban Outfitters store.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Apparel rental site Nuuly turns profitable, aims for $500M in sales this year

    All Urban Outfitters Inc. brands gained market share and customers, with shoppers still “enthusiastic rather than exuberant,” CEO Richard Hayne said.

    By Feb. 27, 2025
  • A white truck is parked in front of a Lowe's store on a clear, bright day.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Home Depot, Lowe’s notch comp gains in Q4

    While the sector may be on the mend, higher interest rates and potential tariff challenges continue to pressure the market.

    By Nate Delesline III • Feb. 27, 2025
  • Two people hiking in the snow.
    Image attribution tooltip
    Courtesy of Amer Sports
    Image attribution tooltip

    Amer Sports notches 23% revenue growth in Q4

    Executives anticipate another year of profitable growth in 2025 driven by strength from the company’s Arc’teryx and Salomon brands.

    By Tatiana Walk-Morris • Feb. 26, 2025
  • An aerial view of Wolverine's corporate headquarters.
    Image attribution tooltip
    Retrieved from Wolverine World Wide on February 21, 2025
    Image attribution tooltip

    Wolverine expects bounce-back year in 2025

    CEO Chris Hufnagel credited the better-than-expected Q4 results to execution of the company’s previously announced restructuring plan.

    By Laurel Deppen • Feb. 25, 2025
  • A Bed Bath & Beyond location with a "store closing" sign taped across the storefront.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Beyond slashes SKUs and vendors as Q4 revenue falls 21%

    Executive Chairman Marcus Lemonis said “the worst is absolutely 100% behind us” and that the retailer might notch a few profitable months this year.

    By Nate Delesline III • Feb. 25, 2025
  • A store's mall entrance.
    Image attribution tooltip
    Courtesy of Dillard's
    Image attribution tooltip

    Dillard’s holiday margins shrink despite expense controls

    Unlike rivals, the Southern department store enjoyed higher traffic to stores last year, but joins them in losing share to value players.

    By Feb. 25, 2025
  • Joann store.
    Image attribution tooltip
    Courtesy of Joann
    Image attribution tooltip

    Joann to be sold, all stores going out of business

    Pending court approval, GA Group and the company’s lenders are winding down the retailer’s operations.

    By Nate Delesline III • Feb. 24, 2025
  • A person carrying a tote bag looks at items on a grocery store shelf
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    Consumer sentiment slumps on fears tariffs will fuel inflation

    Consumers are “clearly bracing for a resurgence in inflation,” said Joanne Hsu, director of the University of Michigan’s Surveys of Consumers.

    By Jim Tyson • Feb. 24, 2025
  • A GameStop storefront
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip
    Column

    The Weekly Closeout: GameStop eyes asset sale, Hasbro plans a turnaround

    The gaming retailer is seeking buyers for its operations in France and Canada, while the toy company’s strategy “will drive Hasbro’s evolution into a modern play company.”

    By Retail Dive Staff • Feb. 21, 2025
  • Exterior of Wayfair's headquarters in Boston
    Image attribution tooltip
    Caroline Jansen/Retail Dive
    Image attribution tooltip

    Wayfair’s revenues inch up in Q4 as losses narrow

    While the retailer's customer base continues to shrink, CEO Niraj Shah is optimistic that the home goods downturn is nearing its end.

    By Feb. 20, 2025
  • Walmart storefront.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Image attribution tooltip

    Walmart issues modest full-year earnings outlook despite strong Q4

    The company is cautiously optimistic about its outlook, but Chief Financial Officer John David Rainey said there is uncertainty around consumer behavior and, more broadly, global economic and geopolitical considerations.

    By Nate Delesline III • Feb. 20, 2025
  • Shoes are displayed on a table under a bright light while the room is dark.
    Image attribution tooltip
    Ben Gabbe/Getty Images for Stuart Weitzman via Getty Images
    Image attribution tooltip

    Tapestry to sell Stuart Weitzman for $105M

    With the sale to Caleres, "Tapestry’s plans of being a large luxury house are not happening," according to an analyst.

    By Laurel Deppen • Feb. 20, 2025
  • Kirkland’s to close some stores as part of turnaround

    The retailer is also eliminating low-performing SKUs and will boost its e-commerce in partnership with Beyond.

    By Nate Delesline III • Feb. 18, 2025
  • Crocs storefront
    Image attribution tooltip
    "Crocs" by whologwhy is licensed under CC BY 2.0
    Image attribution tooltip

    Crocs expects $11M hit to gross profit from tariffs

    The footwear retailer ended 2024 with ongoing strength at its namesake brand and hope for a turnaround at struggling Heydude.

    By Feb. 18, 2025
  • Laundry products from Green Grab and Grove Collaborative
    Image attribution tooltip
    Courtesy of Grove Collaborative
    Image attribution tooltip

    Grove Collaborative acquires Grab Green

    The deal extends an existing partnership between the two companies, as Grab Green in 2019 became a third-party vendor for the sustainable retailer.

    By Howard Ruben • Feb. 13, 2025
  • A Quiksilver storefront, with racks of flip flops outside.
    Image attribution tooltip
    The image by Jan Hagelskamp1 is licensed under CC BY 4.0
    Image attribution tooltip

    Liberated Brands to close all stores, sell its wholesale inventory following bankruptcy

    The company hired Gordon Brothers to conduct liquidation sales for its operated stores including Billabong, Roxy and Quiksilver.

    By Laurel Deppen • Feb. 12, 2025
  • A Party City storefront
    Image attribution tooltip
    Nate Delesline III/Retail Dive
    Image attribution tooltip

    Party City IP, wholesale operations to be acquired for $20M

    An affiliate of Ad Populum is buying the party retailer's IP, but Dollar Tree and Five Below emerged as top bidders for the company's store leases.

    By Nate Delesline III • Feb. 11, 2025
  • A Skechers storefront in an outdoor mall. A shopper walks into the door.
    Image attribution tooltip
    The image by Harrison Keely is licensed under CC BY 4.0
    Image attribution tooltip

    Skechers reaches record growth, but stock tumbles following weak outlook

    The footwear giant is also preparing to change its sourcing strategies amid tariff challenges.

    By Laurel Deppen • Feb. 10, 2025
  • The Cuddly Cougar bear for Build-A-Bear's ‘After Dark’ Valentine’s Day Collection
    Image attribution tooltip
    Courtesy of Build-A-Bear Workshop
    Image attribution tooltip
    Column

    The Weekly Closeout: Beyond closes Kirkland’s deal — and a very beary Valentine’s Day

    The two home retailers finalized their investment deal, while Build-A-Bear expanded its long-running “After Dark” collection.

    By Retail Dive Staff • Feb. 7, 2025
  • A delivery van, door open, parked on a city street.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Amazon’s faster delivery, lower prices drive holiday sales boom

    As stores offer empty shelves and locked-up merchandise, the e-commerce giant makes itself convenient to budget-minded shoppers.

    By Feb. 7, 2025
  • Cars are parked in front of a store with "Mattress Firm" in red capital letters, against a bright blue sky.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Tempur Sealy closes $5B Mattress Firm takeover, plans rebrand to Somnigroup

    A federal court in January denied antitrust regulators’ latest move against the deal, which creates a conglomerate of three decentralized business units and the largest bedding company in the world.

    By Feb. 6, 2025
  • Under Armour e-commerce sales fall 20% as it pulls back on promotions

    Still, overall revenue came in better than expected and CEO Kevin Plank said the brand has more wholesale partnerships in the works.

    By Feb. 6, 2025
  • Person in athletic gray shorts and tights holds a dumbell weight while looking at TV
    Image attribution tooltip
    Courtesy of Peloton
    Image attribution tooltip

    Peloton sales fall 9% in Q2 as memberships slide

    With a new CEO, the fitness brand is focused on expanding its core audience and distribution network.

    By Feb. 6, 2025
  • Richard Galanti headshot
    Image attribution tooltip
    Courtesy of Costco
    Image attribution tooltip

    Costco’s ‘voice’: The long goodbye

    Richard Galanti retired from the warehouse club on Jan. 30, after pivoting to an advisory role following his departure from the CFO seat he held for roughly four decades.

    By Maura Webber Sadovi • Feb. 6, 2025
  • Estée Lauder warns of up to 7,000 job cuts globally

    The layoffs, which represent up to 11% of its global workforce, arrive alongside a restructuring plan that extends into the C-suite.

    By Nate Delesline III • Feb. 4, 2025