The Latest
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Tracker
The 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 -
Coach scraps its copyright infringement lawsuit against Gap
The complaint, filed last month, focused on the use of the word “coach” on Old Navy T-shirts.
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Walmart fires back at Amazon in fast delivery race
The retailer delivered 4.4 billion items over the past 12 months with either same-day or next-day speeds.
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Lowe’s beats expectations despite soft Q1
Net sales at the home improvement retailer fell over 4% in part because of a decline in big-ticket DIY spending.
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After opening Mall of America location, Kizik plots first East Coast store
As it works to build out its physical footprint, the hands-free footwear brand plans to open a store at the King of Prussia mall in Pennsylvania on June 14.
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Vineyard Vines opens at Disney Springs
The lifestyle brand opened its 14th store minutes away from one of Florida’s top tourism destinations.
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A glimpse into a future Macy’s
The department store has provided financial metrics for the fleet of stores that will survive a massive downsizing over the next three years.
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Walmart wants shoppers across incomes to feast on its new private brand
Findings from Numerator suggest the retailer’s bettergoods line appeals to lower-income and higher-income consumers, but for different reasons.
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Party City to re-open 3 stores featuring new format
The locations in Maryland, Florida and New Jersey have new design elements including a “balloon shopping experience” and “birthday worlds.”
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Dick’s Sporting Goods employee connected to SEC insider trading charges
A data analytics employee communicated nonpublic information about the company to Frank Poerio, who was charged with insider trading that netted over $800,000.
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Column
The 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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Bruce Nordstrom — grandson of the retailer’s founder and father of its top executives — dies at 90
Under the leadership of his generation, the fashion department store went public, launched off-price Rack and expanded into a national retailer.
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Target to cut prices on 5K items
The initiative follows several recent moves by the retailer to appeal to value and price-sensitive consumers.
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Deep Dive
Macy’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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Amazon cuts global customer service staff by less than 1%
The company said it reduced its global customer service team in an effort to shrink the distance between shoppers and customer service leaders.
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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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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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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 -
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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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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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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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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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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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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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.