Retail Dive
Lululemon slashes guidance due to ‘negative commentary,’ underwhelming launches
Encouraging signs in Q1 were overshadowed by worsening trends that point to a protracted turnaround ahead.
Retail Dive
The Weekly Closeout: Nike’s reality check, GameStop’s record earnings
The athletic retailer’s performance business needs to grow up to 25% to hit guidance, according to analysts, while the game company reported the highest quarterly net income in its history.
Retail Dive
Walmart extends into restaurant delivery with Subway deal
The mass retailer is rolling out its express delivery service for select Subway shops, which is Walmart's largest in-store restaurant tenant.
Topics: Restaurants
Entities: Restaurants
Retail Dive
Tommy Hilfiger parent company feels impact of Iran war
PVH lowered its full year outlook, stating that it is seeing increased pressure on its EMEA business.
Retail Dive
Target Circle Deal Days kicks off in June
The sales event lands on the same dates as Amazon Prime Day, as the companies go head-to-head for summertime shoppers.
Entities: Target
Retail Dive
Retailers turn to AI for productivity, personalized shopping
Best Buy, Gap and Dick’s Sporting Goods detailed how AI investments were reshaping their businesses during their Q1 earnings calls.
Retail Dive
QVC celebrates 40th anniversary with TikTok Shop event
Amid QVC Group’s bankruptcy proceedings, the company is promoting a live event, a new podcast and the release of a documentary.
Retail Dive
Former Nordstrom execs descend on Rent the Runway
The company’s interim CEO, interim CFO and chief commercial officer all have ties to the department store. Meanwhile, the apparel rental company’s revenue grew over 29% in Q1.
Retail Dive
Five Below nixes ‘Five Beyond’ store section
The retailer — which reported a 32% sales bump for Q1 thanks to viral squishy toys — moved the higher-priced inventory in line with the rest of the store.
Topics: Supply Chain
Entities: Supply Chain
Retail Dive
Destination XL is reevaluating its merger with FullBeauty
A week after rejecting a take-private offer, the company’s board said the merger’s existing terms were not in its stockholders’ best interests.
Retail Dive
+ 1 source (Retail Dive and Supply Chain Dive)
Trump admin appeals aspects of tariff refund order
The Department of Justice said the Court of International Trade lacks the authority to mandate refunds for all finally liquidated entries.
Retail Dive
Downtown Dallas Neiman Marcus to close for good, after all
Saks Global decided to close the century-old store over a year ago, but city leaders waged a war of words and won a reprieve.