LL Flooring to liquidate, close all stores after no buyer found

"This is not the outcome that any of us had hoped for," CEO Charles Tyson said in messages to customers and vendors.

By Nate Delesline III • Sept. 6, 2024

The Weekly Closeout: Under Armour hires (another) Adidas vet and Bluemercury turns 25

The athletics retailer appointed a new leader in its Europe, the Middle East and Africa division, while the beauty company refreshed its online presence. 

By Retail Dive Staff • Sept. 6, 2024

Dollar Tree delivers weak Q2, cuts full-year guidance

Family Dollar customers are leaving for other stores like Walmart, according to analysts, as the banner shrinks its footprint.

By Nate Delesline III • Sept. 4, 2024

While others falter, Dick’s stays strong with 8% sales growth

CEO Lauren Hobart said the retailer continues to thrive thanks to long-term investments in product assortment, customer experience and stores.

By Cara Salpini • Sept. 4, 2024

Bath & Body Works’ semi-annual sale ‘fell short of our expectations’

As a result, the company is evaluating its approach to the event, including the timing, marketing and messaging. 

By Kaarin Vembar • Sept. 4, 2024

Walgreens sued by shareholder amid plummeting stock price

The company’s top directors — including CEO Tim Wentworth and CFO Manmohan Mahajan — allegedly breached their fiduciary duty by inflating Walgreens’ performance projections.

By Rebecca Pifer • Sept. 4, 2024

Allbirds plans reverse stock split to regain Nasdaq compliance

The once-DTC darling was warned of a possible delisting in April and has until the end of the month to regain compliance.

By Cara Salpini • Sept. 3, 2024

Off-price retailers poised to take even more market share from department stores

TJX, Ross and Burlington all enjoyed higher sales and profits in the second quarter.

By Daphne Howland • Sept. 3, 2024

Dollar General sees ‘cash-strapped consumer,’ cuts guidance

The company said its core base of lower-income shoppers had less to spend, as it reported top-line results that were below expectations for Q2.

By Nate Delesline III • Aug. 30, 2024

Ulta slashes guidance again on flat sales and declining comps

Usually a high performer, the beauty retailer is losing share and struggling with the impacts of Sephora’s broad expansion at Kohl’s.

By Cara Salpini • Aug. 30, 2024

The Weekly Closeout: Pacsun names CFO, Abercrombie posts ‘record’ Q2 net sales

The teen retailer hired BowFlex, Inc. veteran Aina Konold, while the apparel company saw sales increase 21% year over year to $1.1 billion.

By Retail Dive Staff • Aug. 30, 2024

Gap Inc. CEO: ‘We’re running a fundamentally stronger business’

The retailer gained share in Q2, with Old Navy and namesake Gap making strides. Can the momentum continue?

By Daphne Howland • Aug. 30, 2024

A slowing women’s business is hurting Lululemon’s growth

While CEO Calvin McDonald said the Breezethrough leggings debacle had a “negligible impact” on its sales, the brand continues to suffer from other merchandise misses.

By Cara Salpini • Aug. 30, 2024

Best Buy revenue falls 3% in Q2

The electronics retailer is updating in-store merchandising across multiple categories as it increasingly competes with big-box rivals for market share. 

By Nate Delesline III • Aug. 30, 2024

Is Victoria’s Secret finally on the upswing?

Ahead of welcoming a new CEO, the intimates giant bumped up its expectations for the year and the third quarter, when its Fashion Show returns.

By Daphne Howland • Aug. 29, 2024

Kohl’s CEO ‘disappointed’ with 4.2% sales drop in Q2

As the retailer nears having a Sephora in every store and 200 Babies R Us openings, there's still “work to do” to improve apparel and footwear sales, the executive said.

By Nate Delesline III • Aug. 29, 2024

Foot Locker to exit several international markets, move headquarters to Florida

Yet another cost-cutting and simplification effort will see the retailer exit South Korea, Denmark, Norway and Sweden by mid-2025, and switch its New York City base for one in St. Petersburg, Florida.

By Cara Salpini • Aug. 28, 2024

Anniversary Sale, Rack propel Nordstrom’s Q2 sales

Strong regular-price sales also helped boost margins, but the retailer raised its guidance only slightly.

By Daphne Howland • Aug. 28, 2024

What lies ahead for Bonobos under new ownership

The DTC darling has changed hands several times over the past decade. Does that matter?

By Caroline Jansen • Aug. 28, 2024

Big Lots offers $5.2M in retention bonuses to 4 executives

The move could signal a potential bankruptcy on the horizon, according to Debtwire's global head of legal and restructuring.

By Nate Delesline III • Aug. 27, 2024

Consumers tap credit cards, loans to manage inflation: Fed report

Gen Z and millennials were the age groups most likely to use loans and credit cards in response to higher prices, a Federal Reserve research report said.

By Lynne Marek • Aug. 27, 2024

Urban Outfitters sees return to ‘pre-COVID behavior’ as sales slow in recent weeks

The apparel conglomerate’s CEO said that, starting in July, already careful shoppers grew even more selective, which could be a new reality.

By Daphne Howland • Aug. 23, 2024

Ace Hardware sales up 3% as it leans into stores

The retailer debuted its Elevate Ace store concept in the quarter and is on track to open 200 stores by the end of the year.

By Nate Delesline III • Aug. 23, 2024

The Weekly Closeout: Amazon’s October sales event returns and Hollister goes back to school

The e-commerce giant is prepping for its unofficial holiday kickoff event, while the apparel brand launched a collection featuring over 30 U.S. universities.

By Retail Dive Staff • Aug. 23, 2024

Peloton projects nearly 10% sales decline for the year

CFO Liz Coddington expects “softness” in connected fitness demand in the medium term, but remains optimistic about the category’s growth potential.

By Caroline Jansen • Aug. 22, 2024