Operating revenues were $854.2 million, including approximately $49.1 million from the 53rd week, compared to $867.0 million in the prior year quarter. Favorable changes in foreign currency exchange rates benefited revenues by $4.2 million. Same store operating revenues declined 8.8%, an improvement compared to a decline of 9.4% in the third quarter of 2017, due to our strategic subscriber pricing initiatives and the inclusion of a full quarter of ReachLocal revenue in our same store calculation. Total digital revenues increased to $272.3 million, or approximately 31.9% of total revenue. GAAP net losses were $13.6 million, including a $42.8 million tax expense from the Tax Cuts and Jobs Act of 2017 and $27.6 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.
5 of retail’s most impactful deals in 2025
From Skechers selling itself to numerous moves in the Beyond Inc. saga, here’s a look at the top deals during the first half of the year.
In only the first six months of 2025, Walgreens announced its acquisition by Sycamore Partners, Dollar Tree divulged its sale of Family Dollar and Hudson’s Bay agreed to sell its IP to Canadian Tire Corp.
Retail Dive since 2021 has tracked major deals in the industry, from IPOs to acquisitions, minority investments and more. In just the first half of 2025, Retail Dive counted 26 sales and acquisitions. That compares to 22 last year and 26 in 2023 in the same period.
In recent months, deals have surged, with nine of those deals taking place in May. That month, Levi’s sold Docker’s to Authentic Brands Group in a $311 million deal, while GameStop sold its Canadian business for an undisclosed amount.