The Latest
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Simon Property Group would put up no capital to buy Express
That price could explain why the mall REIT is willing to jump back into ownership of retail tenants after scaling back over the past several months.
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Amazon to roll out 50 heavy-duty electric trucks in California
Heavy duty trucking is difficult area to decarbonize, "which makes us all the more excited to have these vehicles on the road today," an Amazon exec said.
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Kohl’s announces locations of 200 Babies R Us shop-in-shops
The move gives the department store chain another store-in-store partnership alongside Sephora.
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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.
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Q&A
‘The death of the mall was a myth’: Brookfield Properties CEO on the evolution of an aging retail concept
Kevin McCrain isn’t bothered by department store anchors closing and says retailers need malls because people like to shop there — including Gen Z.
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Thrive Market to pay more than $1.5M to settle civil lawsuit
The suit alleges the membership-based e-grocer violated a California state law prohibiting companies from automatically renewing subscriptions without affirmative consent.
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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.
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Mattel to shutter supplier plant in China this year
Barbie’s parent company is looking to diversify its production footprint in a bid to optimize costs and fulfillment operations.
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Shopsense launches retail media platform for second-screen shopping
The technology allows TV watchers to purchase items inspired by on-screen programming in real time.
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The Vitamin Shoppe launches telehealth service
Whole Health Rx connects users with licensed healthcare providers in real time and will initially focus on weight management solutions.
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Tracker
The running list of major retail deals
In April alone, JD Sports acquired Hibbett, FullBeauty Brands bought Dia & Co and Guess completed its purchase of Rag & Bone.
Updated April 26, 2024 -
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.
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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.
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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.
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Gap names new global chief marketing officer amid push to revitalize brand
Fabiola Torres joins the retailer from PepsiCo and was lauded for her ability to connect with globally diverse consumers.
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Qurate Retail Group swings to a net loss as revenue falls 11% in Q1
The company's U.S. QVC and HSN unit saw sales decrease 4% during the period, citing declines in home and apparel.
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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.
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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.
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Pacsun and Formula 1 showcase new sports collection at Miami pop-up
The Gen Z retailer leveraged the Miami Grand Prix racing event to unveil pieces in the collection.
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Tracker
The running list of major retail bankruptcies
In April, Express, Pirch and 99 Cents Only all filed for bankruptcy, just weeks after Joann and The Body Shop.
Updated April 26, 2024 -
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.
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Etsy pushes for delivery date precision with new machine learning model
The initiative could help the e-commerce marketplace shake its reputation as a laggard when it comes to shipping time frames.
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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.
Updated May 1, 2024 -
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.
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Amazon extends transition period for low inventory fee
The company said it would credit the fees for a few more weeks, and added some exceptions as it considered ways to incentivize optimal product supply.