The Latest
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Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Hudson’s Bay hunts for a buyer and tariffs hit apparel hard
The department store is soliciting offers for part or all of its business. Meanwhile, one analyst said new tariffs put “all 2025 guidance at risk.”
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Guess to close underperforming stores in North America
The company’s Rag & Bone acquisition is driving revenue increases, but profits plunged in the holiday quarter.
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Courtesy of Knix
Knix expands presence in Canada through Holt Renfrew partnership
The DTC intimates brand will land in six of the department store’s locations and on its website through a deal that deepens its reach in the country.
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Justin Sullivan via Getty Images
Macy’s claws back over $600K in exec bonuses
The retailer asserts it overpaid executives after an accounting error led to an overstatement of 2023 EBITDA by $81 million, according to a securities filing.
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Chip Somodevilla via Getty Images
Deep DiveFashion industry reacts to sweeping tariff changes
Experts say the new policies are likely to raise prices and weaken consumer confidence, and are unlikely to bring U.S. manufacturing back.
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Courtesy of Puma
Puma taps 26-year Adidas veteran Arthur Hoeld as CEO
Arne Freundt is leaving the activewear brand just two and a half years after taking on the top role due to “differing views on strategy execution.”
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kali9 via Getty Images
NRF expects ‘slower trajectory for consumer spending’ in 2025 as tariffs fuel uncertainty, inflation fears
Retail sales could grow 3.7% at best — or well under 3% — as many consumers reach the limits of their spending power, the trade group said.
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Permission granted by Shoptalk
Retail leaders sound off on AI’s use-cases
From Toys R Us’ experimentation with video to Meta’s new ad capabilities, here’s how the tech is being used across the industry.
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Justin Sullivan via Getty Images
Kohl’s tech chief exits amid broader leadership change
Chief Technology and Digital Officer Siobhán Mc Feeney departed the retailer Wednesday, according to a securities filing.
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Courtesy of Birkenstock
Birkenstock debuts 10th US location
Located in Nashville, Tennessee, the store is part of an effort to expand the brand’s fleet both stateside and abroad as it pushes forward its DTC strategy.
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Igor Alecsander via Getty Images
A look back on COVID-19’s impact on retail
The pandemic has had lasting effects on the industry, including altering operations and resetting consumer expectations.
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Andrew Harnik via Getty Images
Trump installs 10% baseline tariff, country-specific duties
The president said he will levy import taxes on China, Japan and others equal to half of what they charge the U.S. based on White House calculations.
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Dan Kitwood via Getty Images
QVC to stream on TikTok 24/7
As it undergoes a larger turnaround, QVC Group is going all in on TikTok Shop two years after the feature launched.
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The image by Jelson25 is licensed under CC BY-SA 3.0
ColumnThe Weekly Closeout: GameStop pays for CEO’s security, layoffs at Mattel
The gaming retailer paid nearly $270,000 last year for Ryan Cohen’s executive security, while the toy company laid off 120 workers at its headquarters.
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Courtesy of On
On announces CEO change amid leadership overhaul
Martin Hoffmann, co-CEO and CFO, will become the sole chief executive, while co-CEO Marc Maurer prepares to exit the brand.
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Courtesy of Target
Kate Spade comes to Target
In 10 days, the retailer will drop a 300-piece limited-edition collection with the Tapestry-owned brand, known for its bright colors and prints.
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Courtesy of Levi’s
Levi’s CEO: ‘If the wallet’s tighter, then we have to work harder’
Pickier shoppers just means higher execution is needed from the denim brand, Michelle Gass said. But a little help from Beyoncé never hurts.
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Courtesy of Amazon
Amazon taps AI for automatic product recommendations
The e-commerce giant gave a subset of U.S. users a tool that takes shopping prompts to routinely recommend items.
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Hudson’s Bay to eliminate 200 corporate roles
Impacted employees will have their last day on Friday, while the company restructures and undergoes store liquidations.
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Kendall Davis/Retail Dive
Podcast
The Backroom: Talking wholesale with Liza Amlani
The longtime merchant discusses the myths and rewards of a channel that is getting renewed appreciation in the industry.
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Courtesy of Harry’s
Harry’s resets brand with push beyond product-focused marketing
Along with a refreshed visual identity, the DTC innovator launched a new campaign that pokes fun at crime movie tropes to highlight brand truths.
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Joe Raedle via Getty Images
Williams-Sonoma says tariffs present opportunity
Supply chain efficiencies and moving sourcing away from China are giving the home goods retailer a leg up.
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Courtesy of Gap
Gap Inc. CEO: ‘If you’re relevant enough it eventually drives revenue’
One of the most-watched turnarounds in retail started with a long look back at its past, Richard Dickson said at Shoptalk Spring.
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Courtesy of David’s Bridal
David’s Bridal debuts menswear
The assortment will expand each season, ultimately featuring 200 curated pieces from Perry Ellis and Cubavera.
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Courtesy of Starbucks
Retailers fight customer churn with loyalty programs
Two-thirds of retailers offer loyalty programs, Salesforce found. Rewards play a powerful role in retaining customers, especially as prices rise.
