The Latest
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Joann to be sold, all stores going out of business
Pending court approval, GA Group and the company’s lenders are winding down the retailer’s operations.
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Sponsored by Sovos
The 2025 retail playbook: how to create a winning ecommerce strategy
Enhance eCommerce strategies: streamline checkout, handle returns and maintain compliance.
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Why does Walmart want a shopping mall?
It could be an attempt to broaden revenue streams, plot the location of a future store or, at its simplest, take advantage of a good deal.
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Dollar General opens distribution center in Arkansas
The North Little Rock facility will support the company’s traditional supply chain, DG Fresh network and DG Private Fleet.
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Belk to open 2 more outlet stores in North Carolina
Customers have “come to love the concept,” which features an outlet on the first floor and a traditional Belk store on the second.
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How Patagonia’s repairs program drives loyalty and customer advocacy
The program is just one example of how the outdoor apparel brand has aligned its customer experience with its core values.
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Ross Stores promotes from within for next CFO
William Sheehan, the company’s group senior vice president of finance, will take over when Adam Orvos retires this fall.
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Consumer sentiment slumps on fears tariffs will fuel inflation
Consumers are “clearly bracing for a resurgence in inflation,” said Joanne Hsu, director of the University of Michigan’s Surveys of Consumers.
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Column
The Weekly Closeout: GameStop eyes asset sale, Hasbro plans a turnaround
The gaming retailer is seeking buyers for its operations in France and Canada, while the toy company’s strategy “will drive Hasbro’s evolution into a modern play company.”
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Tracker
The running list of major retail deals
Beyond Inc. agreed to buy the global rights to the BuyBuy Baby brand and Reebok’s U.S. operations were sold.
Updated Feb. 13, 2025 -
Solo Brands CEO exits after just a year in the role
Chris Metz, who took the helm last year, had begun a full strategic review of the company’s portfolio amid declining sales.
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Mattel leverages diversified supply chain amid new China tariffs
China will represent less than 40% of the toymaker’s global production in 2025 — down from 50% last year.
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Retail sales grow nearly 4% in January
A new administration and fears regarding tariffs led to some early purchases from consumers, according to analysts.
Updated Feb. 14, 2025 -
J.C. Penney, Eddie Bauer operator lays off 5% of corporate staff
About 250 people at Catalyst Brands, which also runs Aéropostale, Brooks Brothers, Nautica and Lucky Brand, were let go.
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Walmart issues modest full-year earnings outlook despite strong Q4
The company is cautiously optimistic about its outlook, but Chief Financial Officer John David Rainey said there is uncertainty around consumer behavior and, more broadly, global economic and geopolitical considerations.
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Deep Dive
DEI could get better than ever
The intense pressure to end diversity initiatives has led companies to scrutinize their policies. Many will end up making them stronger.
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Store closures outpace openings amid ‘historic shift’ to service-based tenants
But the outlook isn’t all bad, as the real estate churn may open up 140 million square feet of retail space in a market where high quality storefronts are in short supply, a JLL report says.
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Ikea to open 8 new US stores this spring, summer
The furniture retailer is executing its multibillion-dollar investment strategy to expand its footprint and revamp its operations.
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How Lego builds unique store experiences
From big displays and livestreams with employees to personalization stations, Lego wants to create stores that keep customers coming back.
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Ruggable taps Nike veteran as CEO
Nicole Otto previously led the athletic giant’s direct-to-consumer business in North America and served as The North Face’s global brand president.
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"Exterior view of historic Neiman Marcus flagship store in Dallas, Texas as seen from Commerce Street." by Dfwcre8tive is licensed under CC BY 3.0
Saks Global to close century-old Neiman Marcus flagship in downtown Dallas
The luxury department store's new owner will spend $100 million to renovate an anchor location at the nearby NorthPark Center mall.
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"Dicks Sporting Goods - Great Lakes Mall Mentor, OH" by Mike Kalasnik is licensed under CC BY-SA 2.0
Are B malls having a moment?
Companies like Simon Property Group and Walmart are throwing money at shopping centers with empty stores, weak traffic and falling sales.
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Tapestry to sell Stuart Weitzman for $105M
With the sale to Caleres, "Tapestry’s plans of being a large luxury house are not happening," according to an analyst.
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Wayfair’s revenues inch up in Q4 as losses narrow
While the retailer's customer base continues to shrink, CEO Niraj Shah is optimistic that the home goods downturn is nearing its end.
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Column
The Weekly Closeout: Beyond closes Kirkland’s deal — and a very beary Valentine’s Day
The two home retailers finalized their investment deal, while Build-A-Bear expanded its long-running “After Dark” collection.
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Best Buy launches free degrees for full- and part-time workers
The consumer electronics retailer said it will provide immediate access to the program on the first day of employment.