The Latest
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Kaarin Vembar/Retail Dive
Dollar Tree to explore spinoff or sale of Family Dollar
The underperforming banner has been a drag on operations since its acquisition.
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Courtesy of VF Corp.
VF names global brand president of North Face
Caroline Brown, former CEO of Donna Karan International, is taking on the role after a few months on the apparel conglomerate’s board of directors.
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Courtesy of Ikea
Ikea remodels remote work with paid positions for Roblox store
The Swedish retailer is offering jobs to 10 people to staff the digital space and drive real-world recruitment.
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Courtesy of Stitch Fix
Amid ongoing declines, Stitch Fix pilots customer experience improvements for summer launch
A core group of customers is keeping and spending more per box, suggesting that the company is on the right track, analysts said.
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Designer Brands acquires Canadian footwear retailer Rubino
The retailer also named a new chief marketing officer for its largest banner, DSW, as it reported flat sales for Q1.
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Cara Salpini/Retail Dive
After abruptly shuttering its stores, Outdoor Voices has a new owner
Consortium Brand Partners, which also owns Draper James, plans to open new stores next year and expand into adjacent product categories.
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Tasia Wells via Getty Images
Shinola, Filson parent appoints CEO, chief marketer
Steve Katzman will oversee operations at both brands in the top spot at Bedrock, while Kevin Wertz, formerly of SmileDirectClub, takes the lead marketing role.
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Courtesy of Fair Harbor
Fair Harbor taps Mizzen+Main vet as president
Bethany Muths steps into the newly created role after holding leadership positions at Mizzen+Main, Ivory Ella and footwear brand Schutz.
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Courtesy of Sierra
ColumnThe Weekly Closeout: Best Buy sales fall 6.5% and Sierra hits 100 stores
The electronics retailer continues to face pressure in its core segment, while T.J. Maxx’s outdoors-focused sibling eyes more growth ahead.
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Brett Dworski/Retail Dive
6 Foxtrot stores leased to Further Point Enterprises
The holding company that acquired the non-real-estate assets from 15 Foxtrot locations last month is now the official tenant for half a dozen of its locations.
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Permission granted by Liquid Death
Liquid Death names former PepsiCo, Keurig Dr Pepper exec as CFO
The fast-growing startup, known for its canned water, has entered new beverage categories while adding experienced executives to its C-suite.
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Kendall Davis/Retail Dive
Podcast
The Backroom: Lee Peterson and the hard truth about retail stores
E-commerce keeps growing because it’s easier to shop online. To survive, brick and mortar needs a good reason, too.
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Courtesy of Bath & Body Works
New products boost Bath & Body Works in Q1 as candle sales decline
With steeper competition, the retailer is losing market share, including in one of its signature product lines, according to GlobalData research.
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Joe Raedle via Getty Images
Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call
The retailer’s new finance chief, Gary Millerchip, is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.
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Cara Salpini/Retail Dive
Nordstrom elevates supply chain exec amid shrink woes
After reporting that theft in its supply and transportation networks hurt Q1 margins, the retailer promoted Alexis DePree to chief operating officer.
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Poike via Getty Images
Global online retail sales to hit $6.8 trillion by 2028
In the U.S. alone, online sales will reach $1.6 trillion by that period, up from $1 trillion in 2023, according to a recent report from Forrester.
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Courtesy of Lowe's
Lowe’s pilots kitchen visualization app in stores
The retailer wants customers to use its Apple Vision Pro app to help design and select products for their homes.
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Courtesy of e.l.f. cosmetics
ColumnThe Weekly Closeout: E.l.f. Beauty reports $1B in net sales and Wayfair opens its first large-format store
The cosmetics brand increased sales 77% year over year, while the DTC furniture company debuted a store in Wilmette, Illinois.
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Courtesy of Walmart
Walmart boosts InHome delivery reach by nearly 30%
The retailer’s service will reach an additional 10 million households with its expansion in urban markets of California, Minnesota and other states.
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Courtesy of Poppi
Poppi faces class action lawsuit for ‘prebiotic’ claims
The complaint, filed in a California district court, said aggregate claims in the suit amount to more than $5 million.
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Kaarin Vembar/Retail Dive
How Walmart is using generative AI
Jon Alferness, chief product officer of Walmart U.S., spoke with Retail Dive about how the big-box retailer is deploying tech to serve customers and frontline workers.
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Courtesy of Tanger, Photo Credit: Haley Lowery
Sephora expands to more Tanger properties
The REIT, known for its outlet centers, continues to diversify its portfolio and tenant base.
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Children’s Place CEO Jane Elfers out after 14 years
Muhammad Umair, who joined as a board member in February when Mithaq Capital bought a majority stake in the company, will serve as interim chief.
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Adeline Kon/Retail Dive
TrackerThe running list of major retail bankruptcies
So far this month, Rue21 filed for bankruptcy for the third time in two decades, followed by music retailer Sam Ash and convenience chain Foxtrot.
Updated May 17, 2024 -
Courtesy of VF Corp.
Former Lululemon exec to lead Vans
The hire is part of holding company VF Corp.’s transformation plan for the struggling brand.
