The Latest
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The Container Store faces delisting as Q4 sales plunge
The retailer continues to struggle, especially with general merchandise. But margins expanded and losses narrowed for the quarter and full year.
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Stitch Fix chief merchant is out
Loretta Choy, who also led client services, left Friday. The e-tailer has said it’s working on major changes to its merchandising and customer experience.
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Home Depot sales fall in Q1 on soft housing market
The company is continuing to lean in on capturing more market share with professional customers.
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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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Hilma expands wholesale reach with Walmart deal
Three of the DTC brand’s products are available at Walmart, as the retailer bolsters similar deals with Target and Walgreens.
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Consumers ‘trading down’ to cheaper goods online: report
Even as e-commerce spend in the first four months of the year grew to nearly $332 billion, shoppers are buying cheaper goods across categories.
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Foxtrot’s assets sold for $2.2M in what one attendee called a ‘completely ramrodded’ auction
The virtual sale on Friday seemed to leave people with more questions than answers after organizer JPMorgan Chase didn’t describe the lot for sale and only entertained one bid.
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Purple Innovation posted 33.1% growth in wholesale, while DTC stayed flat in Q1
The sleep brand is targeting five areas of improvement as softness in the home furnishings industry persists.
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Walmart streamlines fulfillment with third consolidation center
The center’s tech aims to benefit shippers through streamlined purchase order fulfillment, shorter lead times and faster delivery to customers.
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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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Crocs expands takeback program
Used footwear from the brand can be dropped off at collection boxes or mailed in, with customers earning 10% off for returning old shoes.
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Beyond Meat CEO sees 2024 as a ‘pivotal year’ despite grim Q1 results
The plant-based pioneer had its eighth straight quarter of revenue declines and is raising prices as it seeks to recapture margins.
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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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Former Bed Bath & Beyond sues Hudson Bay investors for $300M
The lawsuit states that the hedge fund reaped a short-swing profit weeks before the retailer's bankruptcy. Hudson Bay disputes the claims.
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KidKraft files for Chapter 11 bankruptcy
The toy company plans to sell all of its U.S. and Canadian assets to Backyard Products.
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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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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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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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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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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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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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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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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.