The Latest
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Tracker
The running list of major retail bankruptcies
In April, Express, Pirch and 99 Cents Only all filed for bankruptcy, just weeks after Joann and The Body Shop.
Updated April 26, 2024 -
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Skechers logs record Q1 sales amid wholesale revival
The company expects revenue to increase by up to 11% for the fiscal year, which an analyst called “a pleasant surprise.”
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Influencers sway consumers but authenticity loses some clout, study says
Attitudes toward AI creators are mixed, and only 35% of Gen Zers say authenticity is what they care most about from influencers.
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Column
The Weekly Closeout: Layoffs at Lululemon and Mango opens more stores
The athletics retailer had a round of layoffs as it shuttered a distribution center and Mango opened locations in Washington, D.C., and Boston.
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Mattel toys with AI as cost-saving plan unfolds
The company is on the heels of surpassing a previous cost-savings target and is looking to AI to keep the momentum going.
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Toys R Us sets sights on UK expansion
Parent company WHP Global signed a long-term licensing deal with WHSmith as its exclusive shop-in-shop partner for the toy retailer in the United Kingdom.
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Podcast
The Backroom: With more closures ahead, what’s next for Macy’s?
Under a new CEO, the iconic department store is fielding a $6.6 billion takeover offer, shuttering another 150 stores and fighting to stay relevant.
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J. Jill to elevate customer service in some stores
The retailer’s multifaceted “One Wardrobe. No Limits” effort is based on research revealing women’s frustration with the clothes in their closets.
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Fragrance brand Snif lands in all Ulta Beauty locations
After first forming a partnership with the beauty retailer last summer, the move expands the brand’s presence from 539 Ulta stores to more than 1,350.
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Retail industry groups voice concerns over imminent overtime pay changes
The National Retail Federation warned of harm to employers and employees alike, while the Retail Industry Leaders Association slammed a “legally dubious methodology to score political points.”
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Estée Lauder CIO wants to bring AI to the forefront of beauty
The cosmetics giant is collaborating with Microsoft on an innovation lab that will help it explore generative AI applications across its brands.
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Rob Walton ends long-standing tenure on Walmart board
The eldest son of founder Sam Walton has been with the company since 1969 — even longer if you count his job at his father’s original five-and-dime.
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Foot Locker unveils new store concept in ‘critical year’
Chief Commercial Officer Frank Bracken told Retail Dive the new format fixes some old pain points, like a male-dominant experience, and also serves as a starting point for its fleetwide revamps.
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Joann to exit bankruptcy ‘in the coming days’ as reorganization plan gets court OK
The craft retailer expects to cut $505 million in debt and emerge from bankruptcy as a privately held company.
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L.L. Bean, Summersalt team up on swimwear collection
Outdoor gear and accessories, including hats and sandals, are also part of the collection.
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What Q1’s retail sales say about the consumer in 2024
In the first three months of the year, a strong job market and wage gains helped buoy consumer spending, but some analysts warn it may not last.
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Walmart removes self-checkout from select stores
The retailer joins Target, Dollar General and other chains in recalibrating its reliance on self-service and rethinking the checkout experience.
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Alo Yoga, Vuori gaining share in activewear market, report finds
The DTC brands, which share shoppers with Lululemon and Nike, are growing as rivals like Under Armour contract, according to an Earnest Analytics report.
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Column
The Weekly Closeout: Peloton drops free membership as Asos revenue falls over 18%
The struggling home exercise brand quietly removed the free option, while the fast-fashion retailer saw sales plunge in the first half of the year.
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Foxtrot, Dom’s sued amid mass layoff
A class action complaint claims the companies violated the WARN Act by failing to give its employees at least 60 days notice of the mass layoff.
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Walgreens, DoorDash partner to offer SNAP card payments
Thanks to the partnership, Walgreens will offer over 4,000 SNAP-eligible products for delivery within an hour.
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Mingle Mocktails aims to spark a zero-proof cocktail craze
The nonalcoholic brand says its products, which don’t directly mimic the taste of alcohol, cater to consumers looking for alternatives in social situations.
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West Lane Capital Partners acquires Mented Cosmetics
West Lane has been building out its portfolio of beauty brands, recently acquiring Seven hair care earlier this month.
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Deckers Brands names president of global marketplace
Marco Ellerker is being promoted into the newly created position, following the company's record revenue growth in Q3.
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Q&A
Why J.C. Penney’s loyalty program is the next step in its $1B turnaround plan
Chief Customer Officer Katie Mullen explains how the retailer's revamped program will deliver value to consumers and boost first-party data reserves.