Financial News: Page 2

  • A Hoka storefront in Los Angeles
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    Cara Salpini/Retail Dive
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    Margins balloon at Deckers as Hoka takes off

    The running shoe line and sister brand Ugg lead a footwear portfolio that Wedbush calls “one of the fundamentally strongest names in our coverage.”

    By • May 28, 2024
  • A Capital One sign is seen
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    Joe Raedle / Staff via Getty Images
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    Walmart and Capital One break up

    The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.

    By Lynne Marek • May 28, 2024
  • Explore the Trendlineâž”
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    Getty Images
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    Trendline

    The direct-to-consumer landscape in retail

    More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.

    By Retail Dive staff
  • E.l.f. Cosmetics returns to TikTok with original song, dance challenge
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    Courtesy of e.l.f. cosmetics
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    Column

    The Weekly Closeout: E.l.f. Beauty reports $1B in net sales and Wayfair opens its first large-format store

    The cosmetics brand increased sales 77% year over year, while the DTC furniture company debuted a store in Wilmette, Illinois. 

    By Retail Dive Staff • May 24, 2024
  • A close up of a person's shoes, high top vans classics in maroon.
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    Pablo Cuadra/Getty Images via Getty Images
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    VF names new CFO, still feels revenue slump as it considers selling assets

    The declining performance of the Vans brand continued to weigh on the apparel and footwear conglomerate’s Q4 earnings despite various transformation programs.

    By Laurel Deppen • May 24, 2024
  • A person doing a squat while holding weights and following an instructional Peloton video, with the exercise brand's Peloton Bike also in view.
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    Permission granted by Peloton
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    Peloton refinances debt as financial challenges persist

    The struggling fitness brand is issuing new notes to pay off debt with a closer maturity date, just weeks after losing its CEO and laying off employees.

    By • May 23, 2024
  • Target's bullseye logo on a storefront with cars in the parking lot
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    Nate Delesline III/Retail Dive
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    Target Q1 sales drop 3%

    The retailer is losing ground in grocery and household items as customers shop for less elsewhere, according to analysts.

    By • May 22, 2024
  • A Lowe's storefront with the company's blue and white signage
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    Nate Delesline III/Retail Dive
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    Lowe’s beats expectations despite soft Q1

    Net sales at the home improvement retailer fell over 4% in part because of a decline in big-ticket DIY spending.

    By • May 21, 2024
  • Against a blue sky, a street lamp to the side of a large department store building.
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    Daphne Howland/Retail Dive
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    A glimpse into a future Macy’s

    The department store has provided financial metrics for the fleet of stores that will survive a massive downsizing over the next three years.

    By • May 21, 2024
  • A closeup detail of a person's outfit, which includes a fur-lined coat and Coach bag.
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    Vanni Bassetti/Getty Images via Getty Images
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    Coach scraps its copyright infringement lawsuit against Gap

    The complaint, filed last month, focused on the use of the word “coach” on Old Navy T-shirts.

    By Laurel Deppen • May 21, 2024
  • Cars parked in front of a sporting goods store.
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    Daphne Howland/Retail Dive
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    Dick’s Sporting Goods employee connected to SEC insider trading charges

    A data analytics employee communicated nonpublic information about the company to Frank Poerio, who was charged with insider trading that netted over $800,000.

    By • May 20, 2024
  • Two people, both wearing white, one in a hoodie, the other a mustache, embrace.
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    Courtesy of Canada Goose
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    Canada Goose yanks long-term targets, names creative director

    The brand has slowed its store expansion and paused its five-year plan to focus on “doing fewer things really, really well,” CEO Dani Reiss said Thursday.

    By • May 17, 2024
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    Daphne Howland/Retail Dive
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    GameStop expects Q1 revenue drop

    The company is also looking to sell up to 45 million shares in an attempt to cash in again on its meme stock status.

    By • May 17, 2024
  • A Dollar General storefront at dawn or dusk with an empty parking lot
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    Permission granted by Dollar General
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    Column

    The Weekly Closeout: Dollar General taps store operations exec as PetSmart searches for a chief toy tester

    Lee DeVille will lead operations for three of the discounter’s retail divisions. But the pet retailer’s new role requires a furrier candidate.

    By Retail Dive Staff • May 17, 2024
  • Two runners in long sleeves on a road with clouds in the sky
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    Permission granted by On
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    Footwear brand On posts record quarterly sales with strong DTC growth

    The company has plans to open a second store in Paris and is hoping to have a “notable impact’’ at the Summer Olympics that begin in July.

    By • May 16, 2024
  • The exterior of a Walmart store at night
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    Courtesy of Walmart
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    Walmart beats expectations in Q1 as revenue surpasses $160B

    The company's e-commerce sales rose 21%, driven by store-fulfilled pickup and delivery and strength within its marketplace.

    By • May 16, 2024
  • A red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
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    Daphne Howland/Retail Dive
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    Under Armour plans layoffs, 25% SKU reduction

    With founder Kevin Plank back at the helm, the retailer is overhauling its product strategy. The brand will cut back on promotions, reprioritize men’s and invest in innovation.

    By • May 16, 2024
  • A store's mall entrance, with a plant in the foreground.
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    Courtesy of Dillard's
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    Dillard’s beats expectations in tough Q1

    CEO William Dillard said the department store focused on profitable sales as “the consumer environment remained challenging.”

    By • May 16, 2024
  • A side by side collage of two department stores
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    Daphne Howland/Retail Dive
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    Deep Dive

    Macy’s and J.C. Penney have two very different real estate strategies

    One has a downsizing plan that includes profitable stores. The other plans to keep — and possibly open — even low-volume stores. What’s going on?

    By • May 16, 2024
  • foxtrot
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    Retrieved from Foxtrot website.
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    Foxtrot files for bankruptcy

    The decision to file for Chapter 7 was made during a meeting with Outfox’s board of directors late last month.

    By Brett Dworski • May 16, 2024
  • Lit-up store windows show mannequins wearing apparel, including dresses on the left and jeans and a jacket on the right. The banner name "J.Jill" is above and to each side of the door.
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    Courtesy of J. Jill
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    J. Jill pays $60M toward debt, announces quarterly dividend program

    The retailer said in a preliminary earnings statement that it expects net sales of $160 million for the first quarter. 

    By • May 15, 2024
  • Purple's Rejuvenate mattress
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    Permission granted by Purple
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    Purple Innovation posted 33.1% growth in wholesale, while DTC stayed flat in Q1

    The sleep brand is targeting five areas of improvement as softness in the home furnishings industry persists.

    By • May 14, 2024
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    Permission granted by Home Depot
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    Home Depot sales fall in Q1 on soft housing market

    The company is continuing to lean in on capturing more market share with professional customers.

    By • May 14, 2024
  • Exterior shot of The Container Store.
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    Courtesy of The Container Store
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    The Container Store faces delisting as Q4 sales plunge

    The retailer continues to struggle, especially with general merchandise. But margins expanded and losses narrowed for the quarter and full year.

    By • May 14, 2024
  • A worker stands in the distance as plant-based patties come down the line at a Beyond Meat factory
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    Courtesy of Beyond Meat
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    Beyond Meat CEO sees 2024 as a ‘pivotal year’ despite grim Q1 results

    The plant-based pioneer had its eighth straight quarter of revenue declines and is raising prices as it seeks to recapture margins.

    By Elizabeth Flood • May 14, 2024
  • foxtrot
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    Brett Dworski/Retail Dive
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    Foxtrot’s assets sold for $2.2M in what one attendee called a ‘completely ramrodded’ auction

    The virtual sale on Friday seemed to leave people with more questions than answers after organizer JPMorgan Chase didn’t describe the lot for sale and only entertained one bid.

    By Brett Dworski • May 14, 2024