The Latest
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Deep Dive
Temu and Shein packages are flooding delivery networks. Will the surge persist?
Parcel carriers are counting on the e-commerce companies to adapt to any potential de minimis changes, as many have come to rely on the added volume.
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Kohl’s launches family-focused brand platform
The department store wants to highlight authentic moments with families to showcase its wide-ranging product assortment.
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Birkenstock program members spend 25% more than other consumers
The footwear company is looking to expand its brick-and-mortar footprint and grow its online membership to create lifelong customers.
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DTC rug brand Ernesta opens second showroom
The company has opened a location in Bethesda, Maryland, in an area that has increasingly become popular for other DTC brands opening stores.
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Nordstrom family group offers $3.8B to go private
In pursuit of a takeover, CEO Erik Nordstrom and his brother, President Pete Nordstrom, have teamed up with other family members as well as retail conglomerate El Puerto de Liverpool.
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Rite Aid exits bankruptcy, sheds $2B in debt
Chief Financial Officer Matt Schroeder will take over the CEO post from restructuring officer Jeffrey Stein.
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While others falter, Dick’s stays strong with 8% sales growth
CEO Lauren Hobart said the retailer continues to thrive thanks to long-term investments in product assortment, customer experience and stores.
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Off-price retailers poised to take even more market share from department stores
TJX, Ross and Burlington all enjoyed higher sales and profits in the second quarter.
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Dollar Tree delivers weak Q2, cuts full-year guidance
Family Dollar customers are leaving for other stores like Walmart, according to analysts, as the banner shrinks its footprint.
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Retrieved from Foxtrot.
After a puzzling past few months, Foxtrot returns this week
The retailer, which abruptly ceased operations earlier this year, will reopen its store in Chicago’s Gold Coast neighborhood on Thursday.
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Column
The Weekly Closeout: Pacsun names CFO, Abercrombie posts ‘record’ Q2 net sales
The teen retailer hired BowFlex, Inc. veteran Aina Konold, while the apparel company saw sales increase 21% year over year to $1.1 billion.
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Bath & Body Works’ semi-annual sale ‘fell short of our expectations’
As a result, the company is evaluating its approach to the event, including the timing, marketing and messaging.
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Amazon tech to automate 10 new campus c-stores
The company said it expects to put its technology in more stores in 2024 than in any year previously.
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Podcast
The Backroom: Under Armour’s past — and future — under Kevin Plank
The executive earlier this year returned to the athletics brand he founded nearly 30 years ago. What does that mean for the company?
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Mango extends e-commerce operations to 12 new markets
The company also named Marlies Hersbach as its new e-commerce executive director as its online business accelerates.
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Rihanna’s Savage X Fenty debuts at Selfridges
The move marks the inclusive lingerie brand’s first brick-and-mortar presence abroad.
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What lies ahead for Bonobos under new ownership
The DTC darling has changed hands several times over the past decade. Does that matter?
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Walgreens sued by shareholder amid plummeting stock price
The company’s top directors — including CEO Tim Wentworth and CFO Manmohan Mahajan — allegedly breached their fiduciary duty by inflating Walgreens’ performance projections.
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Allbirds plans reverse stock split to regain Nasdaq compliance
The once-DTC darling was warned of a possible delisting in April and has until the end of the month to regain compliance.
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At Stitch Fix, stylists move into the spotlight
In its quest to stem sales declines, the apparel box retailer has overhauled its customer experience model.
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Virtual try-on offers more sales: Perfect Corp.
The report found that over 38% of respondents identified virtual fitting rooms and try-ons as the most effective use case of AI and AR tech.
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ODP Corp. develops AI assistant for Office Depot, Office Max associates
The ODP Personal Assistant gives workers the ability to provide faster and more accurate responses to customers.
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With new leaders and a new plan will Beyond’s ‘gallery of brands’ succeed?
The company is leveraging Bed Bath & Beyond’s deep name recognition and plans to develop a gallery of retail brands ranging from luxury to off-price.
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Miniso unveils 200th US location in Santa Monica, California
The company now has stores in 20 U.S. states as it pursues a plan to open between 900 and 1,100 new stores globally in 2024.
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Shoppers’ online fraud fears escalate
Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to an August report from the credit monitoring agency Experian.