The Latest
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How Walmart’s shoppable rom-com bridges holiday content, commerce
Ads on TikTok, Roku and YouTube show an assortment meant to balance “inspiration and impulse” this season, according to chief marketer William White.
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Foot Locker beats expectations, but sales continue to tumble
In Q3, sales fell 8.6% and net income plummeted 71% as the retailer closes stores and looks for avenues to turn itself around.
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Retrieved from Google on Nov. 21, 2023.
Saks to lay off 90 at Pennsylvania fulfillment center
The cuts are slated to begin in January as the e-commerce retailer shifts volume to more advanced facilities.
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Amazon Cyber Week sales surpass previous years
The e-commerce giant is touting a successful Black Friday and Cyber Monday, despite declining to share exact figures.
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Winners and losers of Black Friday 2023
Data shows consumers turned to mobile to shop, while some analysts lowered their forecast for the season.
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Macy’s taps new chief marketing officer
Incoming CEO Tony Spring, in one of his first executive appointments, has turned to ex-Caesars Entertainment CMO Sharon Otterman.
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Shein reportedly files for IPO
The fast-fashion giant had reportedly been eyeing the move all year, while it has faced scrutiny from U.S. lawmakers over its supply chain practices.
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What to expect this Black Friday, Cyber Monday
Retail sales and seasonal budgets this year are expected to rise, but consumers anticipate buying fewer gifts with less bang for their buck.
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Foxtrot and Dom’s Kitchen announce merger
The upscale convenience store brand plans to combine with the local grocer that has a similar reputation for innovative foodservice and store designs.
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Golden Goose asks court to dismiss New Balance’s ‘dad shoe’ infringement complaint
The streetwear brand claims the athleticwear giant failed to allege its rights in the complaint over the Dad-Star sneaker.
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After months in limbo, some products from bankrupt Mitchell Gold may finally reach customers
At the same time, home goods company Surya acquired the Mitchell Gold + Bob Williams brand, with plans to start shipping products in Q1.
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"Journeys" by Bentley Mall is licensed under CC BY 1.0 / Edited by https://commons.wikimedia.org/w/index.php?title=User:BentleyMall&action=edit&redlink=1/Retail Dive
Foot Locker veteran Andy Gray named president of Journeys Group
Journeys Group, which is parent company Genesco's largest business, is undergoing efforts to move some stores off-mall.
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Rothy’s appoints VP of sustainability
The footwear brand has brought on James Rogers to help develop and execute a strategic plan for the company.
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The Weekly Closeout: Dr. Martens names CFO and 7-Eleven unveils a holiday collection
The shoe company also announced its first chief brand officer, while the c-store released apparel and merch for the season.
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Black Friday orders through Klarna jump nearly 30%
As consumers feel the pinch of inflation, some are turning to installment payment services to stretch their budgets.
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TVs, PS5s and Airpods dominate social media product mentions during holiday shopping weekend: report
Over 2.3 million posts from Friday through Sunday mentioned holiday shopping, Black Friday or Cyber Monday, according to Sprout Social.
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Retrieved from Sperry on November 09, 2023Deep Dive
Rocking the boat shoe: Sperry’s search for a lifeline
Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.
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Urban Outfitters’ Nuuly rental business turns a profit in Q3
In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.
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Abercrombie & Fitch sales jump 20% in Q3
The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.
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Bed Bath & Beyond’s new CEO exited. Now what?
Jonathan Johnson bet it all on the home retailer, rebranding Overstock in the process. Then activists called for his ouster.
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Walmart is widening the gap with Amazon in grocery e-commerce, report finds
The retailer's share of the online grocery market will expand to nearly 27% by the end of 2024, while Amazon’s will slip to 18.5%, according to Insider Intelligence.
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Allbirds begins selling on Amazon
The sustainability-focused brand expands its sales channels amid a company-wide transformation effort focused on improving profitability.
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Deep Dive
The rise of the Stanley tumbler: How a 110-year-old brand achieved viral success
The brand had long been marketed to workmen and outdoorsmen. But with the help of a group of influencers, the company unlocked the power of women selling to women.
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Madhappy opens first store
The 2,800-square-foot location is in West Hollywood, California, and features an assortment of its apparel as well as an on-site cafe.
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Walmart adding parcel stations for faster delivery, greater density
The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.