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Deep Dive
Checkout-free payments may yet rise
Rapidly advancing AI could let cashierless payment companies succeed where Grabango failed, industry insiders and observers say.
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Nordstrom to open Local concept in Brooklyn, eyes San Francisco location
The department store, which once called Nordstrom Local the future of the company, is growing the fleet after years of stalling on the concept.
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Kirkland’s tightens ties to Bed Bath & Beyond, rebrands as ‘Brand House Collective’
The company, which also reported Q1 sales and profit declines, said Kirkland's stores will turn into Bed Bath & Beyond Home locations.
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Amazon opens robotic fulfillment center in Massachusetts
The nearly 3 million square-foot-facility features hundreds of robots equipped to lift up to 1,500 pounds each.
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Amazon Prime Day is back — this time for 4 days
The sales event runs from July 8 to July 11, and is being promoted with a new ad campaign featuring LeBron James.
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Mattel brings AI to the toy box with OpenAI partnership
The toy company and AI powerhouse will announce their first product together later this year.
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Beauty leader Leonard Lauder dies at 92
The executive, who was chairman emeritus of The Estée Lauder Companies, joined the family business over sixty years ago and spearheaded many of its acquisitions.
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At Home blames bankruptcy on tariffs, consumer uncertainty
The private equity-owned company’s latest Chapter 11 filing comes at an awkward time for a retailer dependent on holiday sales for 40% of its revenue.
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Nuuly is dominating the apparel rental market
The company has more than double the number of active subscribers as Rent the Runway, its next-largest U.S. apparel subscription competitor, according to Wells Fargo analysts.
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"Roots store in Yorkdale Mall" by Roots Corp. is licensed under CC BY-SA 4.0
5 years after US bankruptcy, Roots notches third quarter of sales growth
As part of a multiyear strategy, the Canadian brand is closing underperforming stores, upgrading its fleet and investing in marketing.
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Saks Global says it’s back on track with vendors, won’t close stores
The company told BMO Capital Markets it has mostly repaired supplier relationships, though luxury brands tell other analysts its ability to pay remains a top concern.
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Canada Goose prioritizes year-round relevance with second Haider Ackermann collection
The collection uses lightweight fabrics to reimagine classic cold weather styles and comes as the retailer looks to broaden its assortment.
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Chewy’s sales jump despite challenging economic environment
The pet e-commerce company reported a gross margin decline in Q1 but remained positive about its full-year outlook.
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Vera Bradley CEO, CFO to depart
The company, which posted a 24% net revenue decline in the first quarter, suspended guidance and announced the creation of a strategy and transformation committee.
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Peloton names fourth chief marketing officer in 5 years
With past experience at Apple, Amazon and Netflix, Megan Imbres’ background aligns with how Peloton is looking to grow its business.
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Tree Hut gets a ‘grown-up’ sister brand
Bdy emphasizes high-quality, affordable products and uses skin care-inspired ingredients to address common concerns like dryness and uneven tone.
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Ashley’s new Las Vegas store is its largest in North America
The location boasts an 88,000-square-foot showroom and a 218,000 square-foot warehouse, and is meant to be a community hub.
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EBay takes live shopping on tour
The company will bring live shopping and collector-focused experiences to cities spanning the U.S. to showcase collectibles, luxury goods, sneakers and apparel.
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Column
The Weekly Closeout: Nike appoints innovation chief and retailers face cyberattacks
The athletics retailer filled in the role behind John Hoke, while Victoria’s Secret, Adidas and The North Face have recently reported security breaches.
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Trump says tariff deal with China is ‘done’
The proposed agreement, pending approval from both countries, sets 55% tariffs on imports from China and a 10% rate on U.S. products, the president said Wednesday.
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Victoria’s Secret expects $10M hit to Q2 operating income from cybersecurity breach
Newly arrived marketing chief Elizabeth Preis has been tasked with customer acquisition as the lingerie giant continues to lose market share.
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Tariffs squeeze off-price retailers more than expected
The major players likely have greater exposure to import levies than previously thought, though their value proposition remains an advantage.
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Franchise Group exits Chapter 11
The company leaves bankruptcy having sold The Vitamin Shoppe, shut down American Freight and restructured its remaining banners under a new entity.
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GameStop sales drop in key categories amid ongoing strategic shift
However, the company swung to a net income in Q1 and reported an improvement in its operating loss.
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Q&A
How Stitch Fix’s brand platform is helping drive transformation
Chief Marketing Officer Debbie Woloshin speaks about artificial intelligence and staying agile in her first interview since joining the company.
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