The Latest
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Daphne Howland/Retail Dive
Deep DiveMacy’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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Courtesy of Walmart
Walmart beats expectations in Q1 as revenue surpasses $160B
The company's e-commerce sales rose 21%, driven by store-fulfilled pickup and delivery and strength within its marketplace.
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Daphne Howland/Retail Dive
Under Armour plans layoffs, 25% SKU reduction
With founder Kevin Plank back at the helm, the retailer is overhauling its product strategy. The brand will cut back on promotions, reprioritize men’s and invest in innovation.
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Shaun Lucas/Retail Dive/Retail Dive, data from Getty Images
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 -
Courtesy of Pinterest
Pinterest teams with Real Simple for magazine’s first shoppable issue
The issue, which leverages QR codes that lead to curated Pinterest boards, highlights over 120 products and expands the platform’s bid to publishers.
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gorodenkoff via Getty Images
Chief marketers enter ‘era of less’ as budgets plunge below pre-pandemic levels
Nearly two-thirds of marketers believe they have don’t the resources to execute 2024 strategies, while some are pinning their hopes on AI, per Gartner.
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Courtesy of Target
How Target will celebrate Pride this year
After last year’s massive backlash, the retailer’s collection won’t include items for children and will be sold only in some stores and online.
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Permission granted by On
Footwear brand On posts record quarterly sales with strong DTC growth
The company has plans to open a second store in Paris and is hoping to have a “notable impact’’ at the Paris Olympics that begin in July.
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Retrieved from Foxtrot website.
Foxtrot files for bankruptcy
The decision to file for Chapter 7 was made during a meeting with Outfox’s board of directors late last month.
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Courtesy of Andie Swim
Mindy Kaling and Andie Swim launch second collection together
The summer camp-themed capsule includes cover-ups, two-piece suits and one-piece suits and comes as the swimwear market heats up.
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Courtesy of Adidas
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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Courtesy of Dillard's
Dillard’s beats expectations in tough Q1
CEO William Dillard said the department store focused on profitable sales as “the consumer environment remained challenging.”
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Daphne Howland/Retail Dive
Best Buy updates mobile app with personalization, discovery features
The electronics retailer is adding elements like Shop with Videos, Best Buy Drops and other additions to promote its products.
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Kaarin Vembar/Retail Dive
Walmart confirms hundreds of corporate layoffs
The retailer also said “the majority” of remote workers and those at offices in Dallas, Atlanta and Toronto, must relocate — mostly to its Arkansas headquarters.
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Photo illustration: Costco; Getty Images
Uber takes on Instacart with expanded Costco partnership
The club retailer is now available on Uber Eats in several unspecified locations across the U.S., Canada, Mexico and Japan, with more to come.
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Courtesy of J. Jill
J. Jill pays $60M toward debt, announces quarterly dividend program
The retailer said in a preliminary earnings statement that it expects net sales of $160 million for the first quarter.
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Courtesy of 7-Eleven
7-Eleven testing new financial services in stores
The retailer will add terminals to 3,000 Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.
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Courtesy of Buck Mason
Buck Mason opens second Chicago store
The Los Angeles-based clothing company now has 32 retail locations and sees potential to continue growing its physical footprint.
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Courtesy of Brookfield Properties, photo credit Nick Fochtman
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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Courtesy of Gap Inc.
Gap Inc. selects Omnicom as media agency of record, reorganizes key media functions
The apparel marketer created a Marketing Shared Services organization to unite core media functions as it works to revitalize its brands.
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Brett Dworski/Retail Dive
Foxtrot’s assets sold for $2.2M in what one attendee called a ‘completely ramrodded’ auction
The virtual sale on Friday seemed to leave people with more questions than answers after organizer JPMorgan Chase didn’t describe the lot for sale and only entertained one bid.
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Courtesy of Amazon
Amazon’s latest shopping event is a book sale
The e-commerce giant has produced a series of themed discount shopping days going into the summer.
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Permission granted by DXL
Destination XL marketing campaign focuses on ‘clothes that actually fit’
The multichannel effort, which is being tested in three markets, focuses on “simplicity, quality, and fit,” CEO Harvey Kanter said.
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Courtesy of The Container Store
The Container Store faces delisting as Q4 sales plunge
The retailer continues to struggle, especially with general merchandise. But margins expanded and losses narrowed for the quarter and full year.
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The image by By Kazuhisa OTSUBO from Tokyo, Japan CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=69411735 is licensed under CC BY 2.0
Music retailer Sam Ash files for Chapter 11 bankruptcy
The retailer is evaluating a potential sale of its e-commerce operations, related intellectual property and wholesale business.
