DTC
-
Daphne Howland/Retail Dive
Warby Parker narrows losses in Q1 as it posts 16.3% revenue growth
The brand is continuing to build out its footprint, opening eight stores in the first quarter and planning 40 net new stores by the end of the year.
By Caroline Jansen • May 9, 2024 -
Caroline Jansen/Retail Dive
Allbirds revenue plummets 28% in Q1 as CEO says the brand is ‘executing with urgency’
Joe Vernachio said the retailer shuttered three stores in the quarter and is on track with its planned closures, which will amount to 10 to 15 this year.
By Cara Salpini • May 9, 2024 -
Trendline
Top 5 stories from Retail Dive
Though some of the problems of the pandemic have waned, retail continues to reel from C-suite turnover and layoffs.
By Retail Dive staff -
Courtesy of SpoiledChild
Oddity posts ‘record’ revenue growth in Q1, raises full-year outlook
The company said that Il Makiage and SpoiledChild are on track to become billion-dollar brands.
By Howard Ruben • May 9, 2024 -
Kaarin Vembar/Retail Dive
Foxtrot’s assets to be sold this week
Friday’s foreclosure sale will include “substantially all of the assets” of the c-store retailer, including inventory, intellectual property, documents and more.
By Brett Dworski • May 8, 2024 -
Kevork Djansezian/Getty Images via Getty Images
Lululemon leans into pickleball with Life Time partnership
The tie-up, which makes the athletics retailer the official apparel partner of Life Time pickleball and tennis, also involves event collaborations.
By Howard Ruben • May 8, 2024 -
Courtesy of Meati Foods
Meati bucks trend and gets $100M funding boost
While the alternative meat sector has been struggling to raise funds, the Boulder-based company is on its way to becoming a household name.
By Elizabeth Flood • May 8, 2024 -
Courtesy of Brooks Running
Brooks Running reports ‘highest quarterly results in brand’s history’
The DTC brand said its Q1 success is due in part to its multichannel strategy and product innovation.
By Suzette Parmley • May 8, 2024 -
Courtesy of HeyDude X Foot Locker
Heydude still a drag on Crocs in Q1
Former Ulta exec Susan Healey has been appointed chief financial officer, replacing Anne Mehlman, now Crocs brand chief.
By Daphne Howland • May 7, 2024 -
Courtesy of Daily Harvest
Daily Harvest launches at Target
The expansion into 250 of the mass merchant’s stores comes as the DTC food brand builds out its wholesale footprint with retailers like Costco and Wegmans.
By Howard Ruben • May 7, 2024 -
Courtesy of Impossible Foods
Impossible Foods’ Americana ads address the meat problem — with more meat
The plant-based brand’s first campaign under a new visual identity targets meat eaters looking for options that are better for public health and the planet.
By Chris Kelly • May 7, 2024 -
Courtesy of Kismet
John Legend and Chrissy Teigen launch Kismet pet brand
The celebrity couple said the brand offers high quality pet food, lifestyle goods and content.
By Suzette Parmley • May 6, 2024 -
Courtesy of Oura Ring
Wholesale remains most profitable investment channel for brands: report
The channel, which is expected to grow 51% this year, accounts for about 60% of companies’ total sales, according to a recent NuOrder report.
By Suzette Parmley • May 6, 2024 -
Courtesy of Azazie
DTC bridal brand Azazie opens first physical location
Azazie Studio is closed to the public and will be used to host private events, bridal celebrations, style and influencer appointments, gifting suites and more.
By Howard Ruben • May 6, 2024 -
Courtesy of Olaplex
Olaplex reports Q1 sales declines across all channels
The hair care company’s overall sales fell 13.1%, with its DTC segment down almost 16%, while net income dropped 63% compared to last year.
By Howard Ruben • May 3, 2024 -
Courtesy of Poppi
Healthy soda brand Poppi denies being M&A target of large beverage companies
The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings.
By Christopher Doering • May 3, 2024 -
Caroline Jansen/Retail Dive
Wayfair net sales fall 1.6% in Q1
Despite challenges across the home goods category, executives remained optimistic that demand will return.
By Caroline Jansen • May 3, 2024 -
Column
The Weekly Closeout: Boscia plans to shutter website and L’Occitane takes steps to go private
The clean skin care brand said it will close its website on May 31, while the beauty brand’s chairperson, Reinold Geiger, launched a buyout bid.
By Retail Dive Staff • May 3, 2024 -
Kevin Dietsch / Staff via Getty Images
Peloton lays off 15% of global workforce as CEO Barry McCarthy exits
The staff reductions impact about 400 employees and come as the fitness company faces declining sales and members.
By Caroline Jansen • May 2, 2024 -
Permission granted by Hanna Andersson
Hanna Andersson taps Apple vet as chief brand officer
Grace Wong, who also worked at Gap, will lead creative development at the children’s brand and produce content across the company’s platforms.
By Howard Ruben • May 2, 2024 -
Natalia Khimich via Getty Images
Reformation reports spike in direct emissions, misses 2023 carbon intensity target
The apparel company known for pioneering sustainable practices aims to slash its Scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.
By Zoya Mirza • May 1, 2024 -
Courtesy of Ethan Gulley for Sun Day Red
Tiger Woods’ Sun Day Red debuts first collection
The professional athlete and TaylorMade in February announced the launch of the brand after Woods ended his 27-year partnership with Nike.
By Howard Ruben • May 1, 2024 -
Permission granted by Grove Collaborative
Grove Collaborative CEO talks new subscription model, winning over ‘dark green customers’
Eight months into his tenure, Jeff Yurcisin is shaking things up at the sustainable products company.
By Suzette Parmley • Updated May 1, 2024 -
Craig Barritt via Getty Images
Gymshark taps Adidas vet as first general manager of wholesale and retail
In addition to appointing Hannah Mercer, the activewear brand also named Kim Dolder as its first general manager of North America.
By Howard Ruben • April 30, 2024 -
Permission granted by Snif
Fragrance brand Snif lands in all Ulta Beauty locations
After first forming a partnership with the beauty retailer last summer, the move expands the brand’s presence from 539 Ulta stores to more than 1,350.
By Howard Ruben • April 29, 2024 -
Courtesy of LL Bean and Summersalt
L.L. Bean, Summersalt team up on swimwear collection
Outdoor gear and accessories, including hats and sandals, are also part of the collection.
By Suzette Parmley • April 26, 2024
