The Latest
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Permission granted by Dollar General
ColumnThe Weekly Closeout: Dollar General taps store operations exec as PetSmart searches for a chief toy tester
Lee DeVille will lead operations for three of the discounter’s retail divisions. But the pet retailer’s new role requires a furrier candidate.
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Courtesy of Figs
Figs will outfit hundreds of healthcare professionals at the Summer Olympics
The scrubs brand formed a multiyear agreement with The U.S. Olympic and Paralympic Committee and The LA28 Olympic and Paralympic Games.
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Courtesy of Target
Target captures ‘That Target Feeling’ in new ad campaign
The big-box retailer has drawn inspiration from its social media following for its latest campaign.
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Daphne Howland/Retail Dive
Deep DiveMacy’s and J.C. Penney have two very different real estate strategies
One has a downsizing plan that includes profitable stores. The other plans to keep — and possibly open — even low-volume stores. What’s going on?
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Courtesy of Canada Goose
Canada Goose yanks long-term targets, names creative director
The brand has slowed its store expansion and paused its five-year plan to focus on “doing fewer things really, really well,” CEO Dani Reiss said Thursday.
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Daphne Howland/Retail Dive
GameStop expects Q1 revenue drop
The company is also looking to sell up to 45 million shares in an attempt to cash in again on its meme stock status.
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Shaun Lucas/Retail Dive/Retail Dive, data from Getty Images
Retail sales rise 5.2% in April as grocery prices ease
With summer approaching, retailers need to sharpen their pitch to consumers still wary of spending, analysts say.
Updated May 15, 2024 -
Courtesy of Skims
WNBA players star in Skims latest campaign
Candace Parker, Kelsey Plum, Cameron Brink and others are featured just months after the brand was named the official underwear partner of the WNBA.
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Courtesy of Shein
Shein factory employees work 75-hour weeks for low wages: report
Following allegations from human rights group Public Eye, the fast-fashion giant said it invests tens of millions of dollars into strengthening its supply chain governance and compliance.
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Courtesy of Adidas
The Weekly Closeout: Joann exits bankruptcy while Adidas teams with Korn
The craft retailer has $153 million in new financing as it goes private and the athletic giant released a follow up to last year's partnership.
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Permission granted by At Home Group
At Home names former Petco, Party City exec CEO
Brad Weston was previously the chief executive of Party City Holdings and spent a year in the top role at the pet retailer.
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Courtesy of Walmart
Walmart beats expectations in Q1 as revenue surpasses $160B
The company's e-commerce sales rose 21%, driven by store-fulfilled pickup and delivery and strength within its marketplace.
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Courtesy of Brookfield Properties, photo credit Nick Fochtman
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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Daphne Howland/Retail Dive
Under Armour plans layoffs, 25% SKU reduction
With founder Kevin Plank back at the helm, the retailer is overhauling its product strategy. The brand will cut back on promotions, reprioritize men’s and invest in innovation.
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Courtesy of Pinterest
Pinterest teams with Real Simple for magazine’s first shoppable issue
The issue, which leverages QR codes that lead to curated Pinterest boards, highlights over 120 products and expands the platform’s bid to publishers.
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Courtesy of Target
How Target will celebrate Pride this year
After last year’s massive backlash, the retailer’s collection won’t include items for children and will be sold only in some stores and online.
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gorodenkoff via Getty Images
Chief marketers enter ‘era of less’ as budgets plunge below pre-pandemic levels
Nearly two-thirds of marketers believe they have don’t the resources to execute 2024 strategies, while some are pinning their hopes on AI, per Gartner.
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Permission granted by On
Footwear brand On posts record quarterly sales with strong DTC growth
The company has plans to open a second store in Paris and is hoping to have a “notable impact’’ at the Summer Olympics that begin in July.
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Retrieved from Foxtrot website.
Foxtrot files for bankruptcy
The decision to file for Chapter 7 was made during a meeting with Outfox’s board of directors late last month.
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Courtesy of Andie Swim
Mindy Kaling and Andie Swim launch second collection together
The summer camp-themed capsule includes cover-ups, two-piece suits and one-piece suits and comes as the swimwear market heats up.
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Daphne Howland/Retail Dive
Best Buy updates mobile app with personalization, discovery features
The electronics retailer is adding elements like Shop with Videos, Best Buy Drops and other additions to promote its products.
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Courtesy of Dillard's
Dillard’s beats expectations in tough Q1
CEO William Dillard said the department store focused on profitable sales as “the consumer environment remained challenging.”
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Courtesy of J. Jill
J. Jill pays $60M toward debt, announces quarterly dividend program
The retailer said in a preliminary earnings statement that it expects net sales of $160 million for the first quarter.
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Kaarin Vembar/Retail Dive
Walmart confirms hundreds of corporate layoffs
The retailer also said “the majority” of remote workers and those at offices in Dallas, Atlanta and Toronto, must relocate — mostly to its Arkansas headquarters.
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Photo illustration: Costco; Getty Images
Uber takes on Instacart with expanded Costco partnership
The club retailer is now available on Uber Eats in several unspecified locations across the U.S., Canada, Mexico and Japan, with more to come.
