The Latest
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Column
The Weekly Closeout: Kirkland’s explores strategic alternatives as Claire’s celebrates Hello Kitty
The home retailer is also instituting a cost-savings plan as sales fell 5% in Q1. Meanwhile, the tween brand is honoring the iconic character’s 50th anniversary.
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Sponsored by SheerID
New data reveals 3 ways retailers can optimize back-to-school campaigns
The genius behind irresistible summer community deals.
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Nearly 90% of consumers bought or sold used items in the last year: EBay
With sustainability at the forefront of their decision-making, the report finds that Gen Z and millennials are the top purchasers of circular fashion.
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Givenchy Beauty makes over Roblox space for Pride Month
The luxury brand overhauled its space on the platform to feature rainbows, flags and a pop-up showcasing virtual wearables from LGBTQ+ designers.
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GameStop Q1 sales drop 29% as it issues new stock offering
The video game-focused retailer plans to capitalize again on meme stock interest by selling 75 million more shares.
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Landlords close in on acquisition of Express
With private equity-backed WHP Global, Brookfield and Simon Property Group have put up a stalking horse bid of some $160 million in cash and $38 million in assumed liabilities.
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Target, FibreTrace and Cargill partner to verify raw cotton
Luminescent pigments are integrated into raw cotton to track it throughout the global supply chain to verify U.S. and Brazilian cotton.
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Sam’s Club looks to members to bolster private label offerings
In a new initiative, the Walmart-owned club retailer is enlisting the help of 50,000 shoppers to help co-create products for its Member’s Mark line.
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The Container Store introduces Decor+ by Elfa
The retailer seeks to grow its Custom Spaces business amid declining sales.
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Victoria’s Secret beat expectations in Q1, but is it enough?
Its namesake and Pink brands have held onto some 20% market share in intimates, though its beauty business is its best-performing category.
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Why Abercrombie & Fitch isn’t complaining about the weather
A merchandising-first mindset is behind the once-troubled brand’s transformation into one of the best performers in retail, analysts say.
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Hoka opens New York City flagship store
The Fifth Avenue location marks the popular running brand’s second store in New York City and eighth store in the U.S.
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Dollar Tree to explore spinoff or sale of Family Dollar
The underperforming banner has been a drag on operations since its acquisition.
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Big Lots may be making more turnaround progress than it seems
Despite double digit sales declines and rising debt levels, one analyst says the bad consumer backdrop is masking its improvements.
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Lululemon CEO says it missed opportunities in the women’s business in Q1
A narrow color palette and insufficient inventory in smaller sizes contributed to slower growth in the U.S., though overall revenue was still up 10%.
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Banana Republic unveils refreshed New York City flagship
The revamped SoHo location features concierge, styling and tailoring services, along with the first BR Home showroom in the city.
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Sofía Vergara launches coffee brand on Walmart.com
Díos Mio Coffee — which is available in whole and ground beans, K-Cups and Nespresso pods — will enter the mass merchant’s stores in September.
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VF names global brand president of North Face
Caroline Brown, former CEO of Donna Karan International, is taking on the role after a few months on the apparel conglomerate’s board of directors.
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Ikea remodels remote work with paid positions for Roblox store
The Swedish retailer is offering jobs to 10 people to staff the digital space and drive real-world recruitment.
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Amid ongoing declines, Stitch Fix pilots customer experience improvements for summer launch
A core group of customers is keeping and spending more per box, suggesting that the company is on the right track, analysts said.
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Designer Brands acquires Canadian footwear retailer Rubino
The retailer also named a new chief marketing officer for its largest banner, DSW, as it reported flat sales for Q1.
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After abruptly shuttering its stores, Outdoor Voices has a new owner
Consortium Brand Partners, which also owns Draper James, plans to open new stores next year and expand into adjacent product categories.
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Shinola, Filson parent appoints CEO, chief marketer
Steve Katzman will oversee operations at both brands in the top spot at Bedrock, while Kevin Wertz, formerly of SmileDirectClub, takes the lead marketing role.
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Fair Harbor taps Mizzen+Main vet as president
Bethany Muths steps into the newly created role after holding leadership positions at Mizzen+Main, Ivory Ella and footwear brand Schutz.
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Column
The Weekly Closeout: Best Buy sales fall 6.5% and Sierra hits 100 stores
The electronics retailer continues to face pressure in its core segment, while T.J. Maxx’s outdoors-focused sibling eyes more growth ahead.
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6 Foxtrot stores leased to Further Point Enterprises
The holding company that acquired the non-real-estate assets from 15 Foxtrot locations last month is now the official tenant for half a dozen of its locations.