The Latest
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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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How to win Gen Z shoppers with the channels and people they trust
Brands looking to gain an edge over their competitors can optimize the three remaining information sources by harnessing the power of trust through these strategies.
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Funko names former Hasbro executive CEO
Cynthia Williams was most recently president of the Wizards of the Coast and joins the company during a time of C-suite change.
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S&P Global revises Staples outlook to stable
But the firm warns that a slow return to the office may worsen declining paper and printer sales and that printing won’t return to pre-pandemic levels.
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Adore Me launches AI design tool
AM by You, which uses generative AI, allows consumers to create their own customized bralette and panty set.
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Music retailer Sam Ash files for Chapter 11 bankruptcy
The retailer is evaluating a potential sale of its e-commerce operations, related intellectual property and wholesale business.
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Instacart sees smart carts as key growth driver
The company expects to deploy thousands of its screen-equipped carts in grocery stores by the end of 2024, CEO Fidji Simo said.
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Lilly Pulitzer unveils new logo for the first time in over 15 years
The move is part of a broader brand refresh that is intended to modernize the 65-year-old resort apparel company.
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Eastside Golf launches first women’s line
The brand’s women’s collection will roll out in three phases and features more than 20 items, including tracksuits, dresses and polos.
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J.C. Penney remains profitable, could open new stores
Holiday and full-year sales fell, and net income plunged. But the CEO of one of the retailer’s owners says its ongoing profitability could merit an expansion.
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Tapestry Q3 sales down as smaller brands continue to struggle
Against the backdrop of an FTC lawsuit, Coach sales were flat, and Kate Spade and Stuart Weitzman continued to decline.
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Wolverine World Wide names new CFO, reports 34% revenue decline
Despite the revenue dip, the Merrell owner said results were better than expected as it continues its restructuring plan.
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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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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 a 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.