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The Body Shop acquired out of UK administration
Investors including Auréa Group, whose portfolio is centered on DTC beauty brands, will acquire the decades-old retailer for an undisclosed amount.
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Rodan and Fields announces new business model, cuts 100 jobs
The hair and skin care brand is moving away from a multi-level marketing model and is reconfiguring its corporate structure.
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Adidas raises guidance again as Q2 sales surge 9%
Even without Yeezy, the activewear giant’s sales are trending strongly in the right direction as styles like the Samba gain renewed steam.
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Rite Aid confirms cybersecurity breach
The drugstore retailer stated that customer’s Social Security numbers, financial information and patient information was not impacted.
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Ralph Lauren hires Levi’s exec as new tech chief
Christopher Conrad is taking over as chief digital and technology officer ahead of Janet Sherlock’s upcoming retirement.
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Five Below CEO Joel Anderson resigns
The executive left “to pursue other interests” and will be replaced by COO Ken Bull in the interim. The discount retailer also cut its Q2 guidance.
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Champs Sports launches brand platform as it works to reposition itself
As part of the effort, the retailer partnered with the Dallas Cowboys’ Micah Parsons, New York Mets’ Francisco Lindor and Miami Dolphins’ Jaylen Waddle.
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US online retail sales to reach $1.2 trillion this year: report
E-commerce is “maturing” and returning to “pre-pandemic normalcy” as it continues to capture market share, according to FTI Consulting.
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Chubbies signs branded license deal with Team USA, Olympic Heritage
The multi-year collaboration includes an initial Paris 2024 themed collection with additional capsules to drop later this summer.
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Macy’s relaunches Epic Threads private label
The kids apparel and accessories revamp is the latest in the department store’s owned-brand overhaul.
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Amazon rolls out generative AI shopping tool Rufus to all US customers
CEO Andy Jassy first mentioned the tool in February and said it marked “a significant customer experience improvement for discovery.”
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Macy’s ends talks with Arkhouse and Brigade, foiling $6.9B takeover
The firms raised their bid in June, but their financing, tied in part to Macy’s own real estate, was lacking, the department store said Monday.
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Tween brand Limited Too relaunches at Kohl’s
The department store also recently launched a new assortment from Aéropostale and an expanded assortment from Madden Girl.
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Back-to-school spending expected to drop from last year: report
Spending per child is projected to be $586, with overall market spend reaching $31.3 billion, according to a recent survey from Deloitte.
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Walmart builds wide lead among US retail media networks, report finds
The chain saw 11 billion impressions in Q1, including strong performance offsite, while No. 2 Target generated fewer than 7 billion impressions.
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NRF: 85% of back-to-school buyers plan to shop Prime Day
Sales are expected to be down from last year’s record highs, but shoppers are once again starting early and prioritizing this month’s discounts.
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Canada Goose appoints new chief digital and information officer
Alfredo C. M. Tan steps into the role Aug. 7 and replaces Matt Blonder, who was the company’s chief digital officer for a little over a year.
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Dollar Tree rotacart deliveries reach 600 stores
The discount retailer has been working to reduce unloading times and achieve other efficiencies across its supply chain.
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Indochino set to open 5 new stores this summer
The locations will be in Charleston, South Carolina; Fort Worth, Texas; Buffalo, New York; Murray, Utah; and Los Angeles.
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Urban Outfitters blends physical, digital with back-to-school campaign
The retailer’s “Shift Happens” campaign brought influencer-created Pinterest boards to life at a two-day activation in New York.
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Costco to raise membership fee for the first time since 2017
The increase, which will start Sept. 1, is likely to generate $350 million in incremental sales and profit over the next two years, according to one analyst’s estimate.
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Dollar General agrees to settle OSHA safety violations for $12M
The agreement with federal regulators requires the retailer to reduce its inventory and improve stocking efficiency to avoid safety hazards like blocked emergency exits and access to fire extinguishers.
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Vans refreshes Roblox activation with ‘phygital’ maneuver
To drive traffic to the space, which reached 100 million visits last year, the brand is dropping a virtual version of a new shoe prior to its in-store release.
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Birkenstock names managing director as it eyes expansion
Evelyn Chua will lead the footwear brand’s segments across Southeast Asia, Australia and New Zealand in the newly created role.
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One-third of consumers cut spending in Q2: report
Inflation concerns continue to weigh on shoppers, with 84% saying it has affected how they spend their money, according to a report from Jungle Scout.
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