The Latest
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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 Bark
Bark taps former exec for chief DTC officer
Meghan Knoll, who was previously the CEO of Cat Person, will return to the pet retailer to oversee its DTC efforts.
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Justin Sullivan/Getty Images via Getty Images
Birkenstock logs record Q2 revenue increase of 22%
In its second earnings report since becoming a publicly traded company, the Germany-based footwear giant raised its outlook after gains in the quarter.
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Courtesy of The Home Depot
Home Depot names EVP of customer experience
Jordan Broggi is stepping into the role, along with retaining leadership of the company’s online business, as Matt Carey is set to retire.
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Nate Delesline/Retail Dive
Dollar Tree acquires 99 Cents Only’s North American IP
The retailer also bought up the rights to 170 store leases, with plans to rebrand and reopen them “as early as fall 2024.”
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Courtesy of Shopsense, Tastemade
Tastemade launches shoppable home improvement series using Shopsense AI
Tapping Hedley & Bennett’s founder as host, the series focuses on redesigning kitchen spaces while viewers shop the products.
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Daphne Howland/Retail Dive
Kohl’s touts progress in Q1 despite sales declines, loss
Aside from some merchandising improvements, the department store isn’t revamping its stores. Some analysts say that’s a mistake.
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Courtesy of Innovative Eyewear
Eddie Bauer Smart Eyewear collection includes voice access to ChatGPT
The collection also sports the first-ever rimless smart eyewear design, according to Innovative Eyewear.
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Courtesy of Gildan
Gildan reinstates Glenn Chamandy as CEO
The activewear company’s founder was fired in December 2023 but is back in the top spot after a months-long battle between the previous board and activist investor Browning West.
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Courtesy of Abercrombie & Fitch
Abercrombie & Fitch Co. sets a record with billion-dollar Q1
The retailer is considering more brand extensions as one way to maintain its momentum.
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Courtesy of Foot Locker, Inc.
Foot Locker: ‘I think it’s fair to say Nike’s going back on offense’
The retailer, which saw sales fall nearly 3% in Q1, teased a return to growth with Nike later this year and expressed excitement about upcoming innovation.
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Permission granted by Rhone
Rhone gets into made-to-measure apparel using 3D tech
The company’s Custom Made by Rhone technology captures a customer’s exact measurements in order to make a tailored product.
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JPecha via Getty Images
1-800-Flowers.com offsets delivery rate hikes with logistics optimization
The gift provider is placing inventory closer to end customers as it looks to mitigate fuel surcharges and other fees.
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Permission granted by Petco
Petco names new chief stores officer as COO exits
The pet retailer also fired its chief merchandising and supply chain officer and named five people to its executive leadership team.
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Courtesy of L'Occitane
L’Occitane introduces virtual fragrance experience
The L’Occitane Greenhouse highlights the company’s range of summer fragrances within a virtual world.
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Permission granted by Chewy
Chewy posts 3.1% sales gain in Q1, announces $500M share repurchase program
The online pet retailer boosted its profits during the quarter even as its active customer base continues to shrink.
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Daphne Howland/Retail Dive
GameStop raises $933M from stock sale
The funds could go toward acquisitions or investments, which may be important as its core business shrinks.
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Daphne Howland/Retail Dive
Dick’s Sporting Goods is taking share ‘across the board’ as sales stay strong
As it expands House of Sport, openings of the experiential format at local malls are driving meaningful traffic growth to those shopping centers.
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Courtesy of Emperia
Walmart launches immersive digital shopping experience
Walmart Realm is composed of influencer-led virtual shops meant to shorten the distance between inspiration and commerce.
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Chip Somodevilla / Staff via Getty Images
DOL overtime expansion ‘unlawful,’ business groups argue
The plaintiffs, including the National Retail Federation, filed a lawsuit in the same court that enjoined an Obama-era overtime rule, saying “the Department has done it again.”
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jacoblund via Getty Images
Debit cards face rising digital wallet competition: report
Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.
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Courtesy of Beyond Yoga
Beyond Yoga expands on the West Coast with new store in Washington state
This is the lifestyle brand’s second store outside of California and seventh overall.
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Retrieved from Feat Clothing on May 29, 2024
Private equity firm acquires majority stake in Feat Clothing
Co-founder Taylor Offer will step down as CEO while the remainder of Feat Clothing’s team will stay in place.
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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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Dollar Tree confirms more layoffs at corporate office
The discounter has recently reviewed its underperforming Family Dollar business, shifted its pricing strategy and overhauled its leadership.
