Caroline Jansen
Editor at Retail Dive
Producer at The Backroom with Retail Dive
Covering retail news and industry trends for @RetailDive , @IndustryDive | Views are my own https://t.co/Nw9Yp2x2U5…
Articles
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2 weeks ago |
retaildive.com | Caroline Jansen
This audio is auto-generated. Please let us know if you have feedback. Petco on Thursday reaffirmed its full-year financial guidance despite an ongoing trade war. The move came as the pet goods retailer reported first-quarter sales fell 2.3% year over year to $1.5 billion — in line with the company’s expectations, CEO Joel Anderson said on a call with analysts. Comparable sales fell 1.3% from the year-ago period. Anderson said Petco “overdelivered on our profitability goals” in the period.
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1 month ago |
retaildive.com | Caroline Jansen
This audio is auto-generated. Please let us know if you have feedback. Lowe’s on Wednesday reaffirmed its financial guidance for the year as others in the retail industry cut their outlooks. The home improvement retailer reported first-quarter sales fell2%year over year to $20.9 billion, while comparable sales fell 1.7%. Mid-single-digit comp sales growth in both Pro and online partially offset negative impacts from “unfavorable weather” early in the quarter, the company said.
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1 month ago |
retaildive.com | Caroline Jansen
This audio is auto-generated. Please let us know if you have feedback. Despite ongoing pressure from tariffs, The Home Depot on Tuesday said it doesn’t intend to raise prices. The announcement came as the home improvement retailer reported first-quarter sales increased 9.4% year over year to $39.9 billion. Overall comparable sales, however, fell 0.3% from last year. U.S. comps increased 0.2%.
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1 month ago |
retaildive.com | Caroline Jansen
This audio is auto-generated. Please let us know if you have feedback. Peloton on Thursday reported third-quarter revenue fell 13% year over year to $624 million, which the company said was above the midpoint of its guidance range for the quarter. Connected fitness products revenue fell 27% year over year, while subscription revenue fell 4%. The company narrowed its losses during the period, reporting an operating loss of $32.4 million and a net loss of $47.7 million.
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1 month ago |
retaildive.com | Caroline Jansen
This audio is auto-generated. Please let us know if you have feedback. Wayfair’s customer base continued to slide in the first quarter, notching 21.1 million active customers — a 5.4% decline from the year-ago period. The online home goods retailer’s total net revenue for the period was nearly flat year over year at $2.7 billion. U.S. net revenue was up 1.6% year over year to $2.4 billion, while international revenue declined 10.9% to $301 million, driven by its exit from the German market.
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Rare Beauty and Target have both developed guidance around universally accessible design. But the beauty industry as a whole isn’t prioritizing it yet. I looked at ways brands are improving their product designs, and what more needs to be done. https://t.co/l4brNMsUNi
DTC luggage brand Away is undergoing a reorganization, which includes layoffs impacting 25% of its internal staff and "the elimination of a traditional executive team structure.” https://t.co/BEEbeIwf66
These digitally native retailers were meant to be disruptors to the industry. But as macroeconomic pressures intensify and capital gets harder to find, they may be put to their biggest test. https://t.co/8mpeDyO55K