WHAT WE'RE READING

Bloomberg

Petco Slides as CEO Comments Show Turnaround Not Finished

JUN 3, 2026

Wall Street Journal

GameStop Posts Higher Profit, Launches $2 Billion Buyback Program. The videogame retailer said sales rose to $835.3 million, driven by collectibles

JUN 2, 2026

Retail Dive

Dollar General sales soar as customers trade down at ‘accelerated’ rate. The discount retailer’s Q1 sales jumped 3.4% as rural shoppers see an outsized impact from increased gas prices.

JUN 2, 2026

Wall Street Journal

Dollar General Posts Higher Profit, Sales. Fiscal first-quarter sales climbed 3.4% to $10.79 billion

JUN 2, 2026

MarketWatch

Citi Trends Up Premarket on Higher 1Q Sales, Traffic

JUN 2, 2026

Women's Wear Daily

Neiman Marcus Downtown Dallas Flagship Closing. The city of Dallas was in talks for months with Saks Global, owner of Neiman’s, attempting to keep the historic Neiman Marcus location in business.

JUN 2, 2026

Wall Street Journal

Bra Sales Power Victoria’s Secret Turnaround and Shares Soar 35%. Retailer posts 15% first-quarter sales gain and raises full-year outlook

JUN 2, 2026

Retail Dive

J.C. Penney rebound stalls in the holiday quarter

JUN 1, 2026

CoStar

Saks Global’s New York headquarters lists as available space. Luxury retailer is expected to emerge from Chapter 11 this summer

JUN 1, 2026

Women's Wear Daily

Saks Global’s Bankruptcy-era Sales Tally $1.6B With Heavy Reorg Costs. The company is on track to be on much firmer footing when it re-emerges from bankruptcy and finally completes its transformation.

JUN 1, 2026

NY Post

Red Lobster closing Times Square location after 23 years: ‘This was a difficult decision’

MAY 30, 2026

CNBC

Gap CEO defends struggling Athleta brand despite slower turnaround. Gap CEO Richard Dickson said Athleta’s turnaround is taking longer than expected, calling 2026 a “rebuild year.” Despite the slower recovery, he said Athleta remains an important part of Gap’s portfolio.

MAY 29, 2026

Restaurant Dive

Red Robin sells 30 company-owned units for $23.5M. Evergreen Dining purchased the restaurants in Washington and Western Idaho and will continue to operate them under the Red Robin brand.

MAY 29, 2026

therealdeal.com

Saks attempts to keep downtown Neiman Marcus running . Flagship store is one of the few anchors prioritized to remain open despite ongoing bankruptcy

MAY 29, 2026

Wall Street Journal

Best Buy Reports Higher Profit on Rising Sales. The electronics retailer is preparing to bring in a new chief executive

MAY 28, 2026

CNBC

Best Buy stock climbs 15% on earnings beat as retailer aims to reinvigorate sales. Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump. For its fiscal first quarter, the company said some of its biggest growth drivers came from gaming and computing, partially offset by a decline in appliances. Best Buy previously announced CEO Corie Barry will be stepping down later this fall, with Jason Bonfig stepping in to take her place.

MAY 28, 2026

Wall Street Journal

Gap Cuts Full-Year Sales Outlook, Citing Slower Old Navy Growth. The apparel retailer now expects revenue to increase 1% to 2% this year, down from its prior outlook for 2% to 3% growth

MAY 28, 2026

CNBC

Gap shares tumble 14% as retailer cuts sales guidance after disappointing Old Navy performance. Gap issued mixed fiscal first-quarter results, missing on the top line but beating on the bottom. CEO Richard Dickson told CNBC sales at Old Navy were worse than expected after the brand’s spring and summer assortment failed to land with shoppers, leading it to cut its full-year sales outlook. Gap is now expecting companywide sales to grow between 1% and 2%, down from a prior range of between 2% and 3%.

MAY 28, 2026

Wall Street Journal

American Eagle Flags Falling Sales in Core Women’s Category. Same-store sales declined 2% at American Eagle’s namesake brand in the first quarter

MAY 28, 2026

CNBC

American Eagle’s Aerie is booming, but its namesake brand is lagging despite Sydney Sweeney ads. American Eagle beat Wall Street’s quarterly earnings expectations, but sales at its namesake banner disappointed after its latest Sydney Sweeney campaign. In the three months ended May 2, comparable sales at its American Eagle brand fell 2%, far worse than the 3% growth that analysts had expected. Once again, sales at Aerie carried the quarter with comparable sales up 25%.

MAY 28, 2026