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The Weekly Closeout: Primark plans a Manhattan flagship and Walmart expands pet offerings
The global retailer will set up shop minutes away from Macy’s Herald Square store, as the big-box giant opens more Pet Services centers.
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Beyond Yoga opens New York City pop-up
The store concept, dubbed Club Beyond, will feature drop-in fitness and wellness classes, as well as workshops led by experts.
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7-Eleven shuttering over 400 North American stores amid strategic pivot
The retailer also aims to generate $520 million through sale-leasebacks of an undisclosed number of stores as its parent company slashes its profit forecast and spins off noncore segments.
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Nike shakeup continues with appointment of new North America chief
A week after a new CEO arrives, Tom Peddie shifts from vice president of marketplace partners to replace Scott Uzzell, who is leaving.
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Looking to replace pumpkin spice? Stop looking.
One day there may be another innovative product that hits the cultural zeitgeist, but even then experts say the fall favorite is here to stay.
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Kohl’s nearly doubles holiday gift assortment
The department store is leaning into value pricing this season, with “hundreds” of gifts under $10 and “thousands” of toys under $20.
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Revlon hires CVS Health exec as CEO
About a year and a half after exiting bankruptcy, the beauty giant has tapped Michelle Peluso to take the helm.
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What’s the winning formula for a loyalty program?
Sephora, PetSmart and Famous Footwear operate loyalty programs that lean into data to meet customers’ interests and preferences.
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Choice Market to cease operations
The Denver-based retailer filed for Chapter 11 bankruptcy in May and intended to restructure. That plan fell through, CEO Mike Fogarty said.
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Nike remains the top brand among teens, but it’s losing share
Brands like New Balance, Adidas, Birkenstock and On are continuing to gain traction with Gen Z.
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Urban Outfitters drops prices on over 100 styles
The brand’s North American head previously acknowledged that “customers perceive us as expensive.”
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Authentic Brands Group, Saks team up on luxury joint venture
Growth of a slew of Authentic-owned labels will follow the pattern set by Barneys New York, which the brand-management firm acquired in 2019.
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Walmart wants to create a unique homepage for each shopper
The retailer is accelerating its Adaptive Retail strategy to create immersive shopping experiences across its stores, apps and virtual environments.
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UPS prepares 5.9% rate increase starting at peak season’s end
The delivery price hike, which takes effect Dec. 23, is among several tweaks the carrier is planning over the next few months.
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Iconic outdoor retailer Orvis will lay off 8% of workforce, close stores
The 170-year-old Vermont-based retailer, known for its workwear and fishing gear, will also trim its assortment and drop its famous catalog.
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The Container Store adopts poison pill
The company announced a limited duration stockholder rights plan after a “rapid and significant” accumulation of stock by a single shareholder.
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Gap and Cult Gaia launch holiday capsule collection
The 35-piece collaboration includes both women’s and children’s pieces.
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Ulta announces third accelerator cohort
The participating brands, which span men’s cosmetics and curly hair care, will receive $50,000 each, and the chance to pitch the beauty retailer’s merchants.
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Spirit Halloween tests Christmas stores
The specialty retailer is opening 10 Spirit Christmas pop-up locations in the Northeast this fall.
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Amazon Go closes 3 NYC stores
The locations shuttered because the company “couldn’t make the economics work with the lease cost,” a spokesperson said.
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Why Home Depot is turning to DIY as its retail media network scales up
Executives at Advertising Week detailed how the home improvement retailer added a self-service offering to Orange Apron Media.
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Merit expands into the fragrance category
The beauty brand, which launched with makeup, is thinking “through the everyday experience of our customer” as it enters new categories.
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Go Global snaps up Hatch maternity brand
The label will team up with Janie and Jack, an upscale children’s apparel retailer the investment platform acquired from Gap Inc. in 2021.
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Tempur Sealy sues FTC over Mattress Firm acquisition challenge
If the overall deal goes through, Tempur Sealy would sell 176 stores to rival Mattress Warehouse and operate over 2,800 retail stores worldwide.
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Another rough year for department stores
The segment is undergoing a quiet shakeup in 2024, with major players pursuing varying degrees of change to their operations.