Retail Dive
It’s official: Shein will acquire Everlane
The deal promises to salvage the sustainability-oriented DTC brand’s finances, but its tie-up with the Chinese fast-fashion giant comes at a cost.
Retail Dive
The Weekly Closeout: John Varvatos quietly exits Under Armour and Victoria’s Secret’s ticker gets sexier
The designer left the athletics brand last fall. Meanwhile, the lingerie company will sport a new ticker symbol, VSXY, on the NYSE.
Retail Dive
Estée Lauder, Puig call off merger talks
When the discussions were disclosed in March, analysts weren’t thrilled about the tie-up’s potential to interrupt Estée Lauder’s turnaround.
Retail Dive
Hasbro finds a star revenue player in Magic: The Gathering
The toy company reported $1 billion in net revenue in Q1. Revenue for the Wizards of the Coast division, which oversees Magic, was up 26%.
Retail Dive
Amer Sports CFO: No visibility on tariff refunds
Andrew Page told Retail Dive that the company, which runs Arc’teryx and Salomon, will see little impact from the refunds anyway. Revenue at the business was up 32% in Q1.
Retail Dive
Roberto Cavalli to be acquired by Destination Maternity parent company
Marquee Brands will own a majority interest in the fashion house in a deal that is expected to close in Q2 of this year.
Retail Dive
David’s Bridal is ready to help couples budget their wedding
Through the bridal retailer’s Pearl Planner tool, the company is leveraging AI to help couples determine where to splurge and save on their big day.
Retail Dive
What customers consider when using AI to shop
The vast majority of consumers say it’s important to recognize the seller or merchant and check customer reviews before purchasing, a PSE Consulting survey found.
Retail Dive
PVH names new Americas CEO amid executive shuffle
Adelyn Cheong, president of PVH China, will succeed Donald Kohler, who is leaving to become CEO of Banana Republic.
Retail Dive
The Backroom: What’s really happening at Lululemon?
Senior Editor Cara Salpini joins the podcast to discuss the pushback against the incoming CEO, founder Chip Wilson’s battle with the board and more.
Retail Dive
Walmart warns of price increases due to fuel costs
The retailer expects somewhat higher retail price inflation in Q2 if the fuel shocks from the war in Iran persist. However, Walmart maintained its full-year guidance.
Retail Dive
Lee jeans sold to brand management firm for up to $1B
The denim label is the latest IP to be scooped up by Authentic Brands Group, which is aiming for $100 billion in annual retail sales.