The Latest
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Column
The Weekly Closeout: Boscia plans to shutter website and L’Occitane takes steps to go private
The clean skin care brand said it will close its website on May 31, while the beauty brand’s chairperson, Reinold Geiger, launched a buyout bid.
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Sponsored by Quinyx
Why most frontline retail workers are considering quitting (and how to retain them)
59% of retail frontline workers considered quitting their jobs this year - how can retailers prevent a mass exodus?
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Tornado destroys Dollar Tree Oklahoma distribution center
None of the warehouse’s 456 associates were harmed during the disaster and are being given resources to help with temporary work relocation.
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John Legend and Chrissy Teigen launch Kismet pet brand
The celebrity couple said the brand offers high quality pet food, lifestyle goods and content.
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Healthy soda brand Poppi denies being M&A target of large beverage companies
The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings.
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In its third bankruptcy, Rue21 plans to shutter all locations
The apparel retailer massively downsized as it emerged from Chapter 11 in 2017. This time more than 540 stores will close for good.
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Music retailer Sam Ash to close all stores
The retailer, which has been in operation for 100 years, began store closing sales on Thursday.
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Hudson’s Bay, again a unified retailer, announces layoffs in organizational ‘re-alignment’
The Canadian department store, which once split up its e-commerce and store operations, said the downsizing impacts less than 1% of its workforce.
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DTC bridal brand Azazie opens first physical location
Azazie Studio is closed to the public and will be used to host private events, bridal celebrations, style and influencer appointments, gifting suites and more.
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Olaplex reports Q1 sales declines across all channels
The hair care company’s overall sales fell 13.1%, with its DTC segment down almost 16%, while net income dropped 63% compared to last year.
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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 -
Wayfair net sales fall 1.6% in Q1
Despite challenges across the home goods category, executives remained optimistic that demand will return.
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Ted Baker says North America bankruptcy due in part to failures by Authentic’s Europe and UK operators
The retailer said in court documents that suppliers were not paid, leading to shipment delays, order cancellations and merchandise shortages.
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Grove Collaborative CEO talks new subscription model, winning over ‘dark green customers’
Eight months into his tenure, Jeff Yurcisin is shaking things up at the sustainable products company.
Updated May 1, 2024 -
Banana Republic’s CEO is out
Sandra Stangl arrived in 2020 and oversaw the addition of home goods, her forte, at a tough time for the category.
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J.C. Penney, country singer Walker Hayes to release limited-time collection
Following its bankruptcy, the retailer has been improving its merchandise and technology infrastructure to resurrect its business.
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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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Peloton lays off 15% of global workforce as CEO Barry McCarthy exits
The staff reductions impact about 400 employees and come as the fitness company faces declining sales and members.
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Beyond Inc. adds 8 people to its leadership team
The new executives will fill key roles at the company's three main banners — Bed Bath & Beyond, Overstock and Zulily.
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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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Hanna Andersson taps Apple vet as chief brand officer
Grace Wong, who also worked at Gap, will lead creative development at the children’s brand and produce content across the company’s platforms.
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Sam’s Club’s receipt-verification tech speeds ahead
The AI-based equipment is now in place at a fifth of the chain’s locations and is helping shoppers exit more than 20% faster than before.
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NRF objects to Visa-Mastercard settlement
The National Retail Federation recently lashed out at a landmark legal settlement, calling the pact a “meager and temporary” relief.
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Williams-Sonoma to pay $3.2M for violating FTC’s Made in USA order
The retailer listed products as being made in the United States when they were manufactured abroad and will pay a "record" civil penalty.
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Amazon services outpace retail growth in Q1
The e-commerce giant’s third-party services, advertising, subscriptions and cloud unit generated double-digit revenue increases in the period.
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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.”