Financial News: Page 8
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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 Daphne Howland • Feb. 27, 2025 -
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 -
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 -
Retrieved from Wolverine World Wide on February 21, 2025
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 -
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 -
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 Daphne Howland • Feb. 25, 2025 -
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 -
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 -
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 -
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 Caroline Jansen • Feb. 20, 2025 -
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 -
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 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 Daphne Howland • Feb. 18, 2025 -
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 -
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 -
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 -
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 -
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 -
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 Daphne Howland • Feb. 7, 2025 -
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 Daphne Howland • 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 Cara Salpini • Feb. 6, 2025 -
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 Caroline Jansen • Feb. 6, 2025 -
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 -
"HK TKO zh:將軍澳 Tseung Kwan O PopCorn mall shop in January 2022" by CAHOGNSUIE 202 KADPA is licensed under CC BY-SA 4.0
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