Financial News: Page 2

  • Exterior of an Ulta store
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    Kaarin Vembar/Retail Dive
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    After 2 quarters of cuts, Ulta raises guidance

    The beauty retailer, which notched a 1.7% sales gain, also announced that Chief Merchandising Officer Monica Arnaudo will retire in spring 2025.

    By • Dec. 9, 2024
  • A storefront for lingerie brand Pink.
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    Daphne Howland/Retail Dive
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    Victoria’s Secret & Co. turns its focus to Gen Z

    The company will be working to differentiate its two brands, which merged in 2022, and give more space and attention to Pink.

    By • Dec. 6, 2024
  • An entrance to a clothing store.
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    Daphne Howland/Retail Dive
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    Lululemon returns to stronger growth with 9% revenue jump

    As the brand looks to drive growth in North America, revenue in that region increased 2%, but comps still declined. 

    By • Dec. 6, 2024
  • A person holds a sweater taken out of a ThredUp box.
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    Courtesy of ThredUp
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    Column

    The Weekly Closeout: ThredUp sells Remix for $1 and who really won Black Friday?

    The resale business sold most of the European company to Florin Filote for one euro, while early reports suggest On and Amazon scored sales during the holiday.

    By Retail Dive Staff • Dec. 6, 2024
  • The exterior of a Five Below store during the daytime with a blue sky
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    Courtesy of Five Below
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    Five Below taps Forever 21 exec as CEO

    Retail vet Winnie Park will take the top spot. Meanwhile, the teen retailer increased its guidance.

    By • Dec. 5, 2024
  • Exterior of Dollar General store in York, Pennsylvania
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    Sam Silverstein/Retail Dive
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    Shrink down at Dollar General after backing away from self-checkout

    Hurricanes took a toll in the third quarter and into the fourth, leading the discounter to lower its guidance slightly for the year.

    By • Dec. 5, 2024
  • A Simon Mall during the holiday season in Arlington, Virginia.
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    Kaarin Moore/Retail Dive
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    Black Friday weekend shopping traffic exceeds NRF predictions

    More consumers made purchases during the period than anticipated, and both stores and mobile shopping saw gains year over year.

    By Tatiana Walk-Morris • Dec. 5, 2024
  • Chewy, fulfillment center
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    Permission granted by Chewy
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    Chewy raises full-year guidance as it beats Q3 expectations

    The online pet retailer saw net sales increase nearly 5% driven by strength in its Autoship subscription service and nondescretionary categories.

    By • Dec. 5, 2024
  • Produce section at a store.
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    Sam Silverstein/Retail Dive
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    Walmart CEO predicts grocery inflation will continue in early 2025

    The retailer also aims to grow sign-ups for Walmart+ after initially downplaying the membership program, Doug McMillon said at a Morgan Stanley event.

    By Catherine Douglas Moran • Dec. 5, 2024
  • A store display featuring basketball-style flooring and mannequins, with walls of basketball shoes and "Home Court" written on the ceiling.
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    Courtesy of Foot Locker
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    Facing Nike ‘softness,’ Foot Locker sales fall 1.4%

    CEO Mary Dillon said the retailer has made progress on its strategy, but was hurt by a more cautious consumer.

    By • Dec. 4, 2024
  • Gymboree storefront in New Jersey
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    Retrieved from Gymboree on Dec. 4, 2024.

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    Gymboree marks brick-and-mortar return with New Jersey store

    Parent company The Children’s Place is refocusing on its store portfolio, even as profit was cut nearly in half in Q3. 

    By Tatiana Walk-Morris • Dec. 4, 2024
  • A Tupperware display at Target.
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    Kaarin Moore/Retail Dive
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    Lender group completes acquisition of Tupperware’s assets

    Party Products LLC — made up of Stonehill Capital Management and Alden Global Capital — has acquired the company’s brand name and other assets.

    By Howard Ruben • Dec. 4, 2024
  • A sign with bright blue letters reads "Marshalls," on a building against a bright blue sky.
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    "Marshalls Store, Plainville, CT." by Mike Mozart is licensed under CC BY 2.0
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    Off-price retailers aren’t too worried about tariffs

    Among the many advantages that stores like TJX, Ross and Burlington have over mainstream retail companies: some protection from protectionism.

    By • Dec. 4, 2024
  • A Dollar Tree storefront with parked cars and blue skies
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    Nate Delesline III/Retail Dive
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    Dollar Tree CFO to step down next year

    While financial performance improved during Q3, the retailer now faces the additional challenge of searching for a new CEO and CFO.

    By • Dec. 4, 2024
  • The exterior of a store with a banner that reads "Bath & Body Works."
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    Courtesy of Bath & Body Works
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    Bath & Body Works hits 38M loyalty members

    The retailer reported record-high customer retention rates in Q3 and set its sights on offering a seamless omnichannel experience.

    By Bryan Wassel • Dec. 2, 2024
  • A person in an apparel store can be seen through a Black Friday sign in a store window.
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    Kena Betancur via Getty Images
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    Winners and losers of Black Friday 2024

    With deals all spread out and e-commerce surging even on Thanksgiving Day, the red-letter event seems to be losing its punch.

    By • Nov. 30, 2024
  • A lit-up department store with holiday decorations in front windows and entrance.
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    Courtesy of Nordstrom
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    Nordstrom nervous about the holidays despite healthy Q3

    A slowdown early in Q4 led to a very conservative upgrade in the retailer’s expectations. Meanwhile, there is still no update on the Nordstrom family’s take-private offer.

    By • Nov. 27, 2024
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
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    Courtesy of Abercrombie & Fitch
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    Abercrombie & Fitch Co. taps new CFO as sales surge 14%

    The Abercrombie and Hollister brands both saw strong double-digit growth in the third quarter, despite weather disruptions.

    By • Nov. 27, 2024
  • A leafy green bush sits in front of a reddish brick store against a bright blue sky, with the name Kohl's in white block letters.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Amid setbacks in its turnaround, Kohl’s lowers guidance again

    Traffic, sales and profits declined in Q3, and the department store is reversing course in some areas after its tactics backfired.

    By • Nov. 26, 2024
  • Billowy clouds in a blue sky above a storefront.
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    Daphne Howland/Retail Dive
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    Best Buy says election, economy dampened customer demand in Q3

    Revenue fell 3.2% as shoppers avoided big-ticket purchases, but with the election over and the heart of the holiday sales season ahead, the retailer is optimistic about Q4.

    By • Nov. 26, 2024
  • External shot of a Dick's Sporting Goods store.
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    Daphne Howland/Retail Dive
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    Dick’s continues to dodge the rest of retail’s problems as comps jump 4%

    Warm weather and price-conscious shoppers didn’t meaningfully dent the retailer’s performance — and tariffs won’t either, executives said.

    By • Nov. 26, 2024
  • A big red sign on the side of a large department store building.
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    Daphne Howland/Retail Dive
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    Macy’s delays full Q3 report over millions in fraudulent expense accounting

    Starting in 2021 an employee hid $132 million to $154 million in delivery expenses, a disclosure overshadowing an otherwise decent quarter.

    By • Nov. 25, 2024
  • Two trees and a planter across from a clothing store.
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    Daphne Howland/Retail Dive
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    Vuori doesn’t need money. Investors keep knocking anyway.

    A recent $825 million fundraise from General Atlantic and Stripes tipped the brand into the $5 billion valuation range. Investor Jon Kossow says the company still doesn’t need the cash to fund its own operations.

    By • Nov. 25, 2024
  • Big Lots to remain open on Thanksgiving.
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    Courtesy of Big Lots
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    Big Lots sold to private equity

    An affiliate of Nexus Capital Management plans to acquire the retailer for $2.5 million in cash, debt payoff and some assumed liabilities.

    By • Nov. 25, 2024
  • An assortment of Olive & June's press-on nails
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    Courtesy of Olive & June
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    Olive & June to be acquired by Hydro Flask owner for $240M

    Olive & June’s founder and CEO Sarah Gibson Tuttle will remain on the team as the nail care company joins Helen of Troy’s portfolio of brands.

    By • Nov. 22, 2024