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Heydude taps Sydney Sweeney for campaign emphasizing comfort
The brand has an ambitious full-year goal to limit declines to 10% or less, and a lot is riding on the holiday quarter.
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Nearly 40% of consumers return an online purchase ‘at least’ once a month: report
The majority of consumers are open to exchanges or store credit instead of full refunds if the returns process is easy, according to Narvar.
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Dolly Parton launches beauty line
A collection of four lipsticks is available online now, with a full in-store rollout scheduled to begin in 2025.
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Q&A
Universal Standard’s CEO talks inclusivity, legacy and brand-building
As Polina Veksler expands her business, she also wants to push the fashion industry to be more size inclusive.
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Retrieved from Piqsels.
Mobile shopping forecast to drive over half of online holiday sales: report
With more people shopping on mobile devices, a “tipping point” with consumer behavior is on the horizon, according to Adobe Analytics.
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Ace Hardware sales up 3% as it leans into stores
The retailer debuted its Elevate Ace store concept in the quarter and is on track to open 200 stores by the end of the year.
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Amazon launches annual grocery subscription plan
The yearly option’s debut comes just a few months after the company rolled out its monthly subscription offering.
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Deep Dive
Kevin Plank can’t let go of Under Armour. Is that hampering a turnaround?
Three CEOs have come and gone in the four years since Plank stepped down. Now, the sportswear brand’s founder is back with another plan to revive the brand amid flagging sales and relevance.
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Adidas opts to avoid China in US product sourcing
The retail brand is leaning on more localized supply chains to improve its speed and agility.
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Urban Outfitters sees return to ‘pre-COVID behavior’ as sales slow in recent weeks
The apparel conglomerate’s CEO said that, starting in July, already careful shoppers grew even more selective, which could be a new reality.
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Column
The Weekly Closeout: Amazon rebrands resale unit and seasonal hiring commences
Amazon Warehouse, which sells used, pre-owned or open-box products, is now known as Amazon Resale. Meanwhile, Joann is starting seasonal hiring early.
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Target exec says GenAI tool is boosting worker efficiency
The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, COO and CFO Michael Fiddelke said.
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Walmart adds its first dining benefit to Walmart+ loyalty program
Amazon in May made a similar move in offering Prime members a free annual Grubhub+ membership.
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Peloton projects nearly 10% sales decline for the year
CFO Liz Coddington expects “softness” in connected fitness demand in the medium term, but remains optimistic about the category’s growth potential.
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Avocado Green Brands names COO, builds out leadership team
The sustainability-focused mattress company named Matthew Anderson as its chief operating officer, among other personnel announcements.
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Shopify, YouTube expand partnership
Through an affiliate program, Shopify merchants now have access to thousands of creators to showcase their products.
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Survey: 31% of back-to-school shoppers will take on debt
While that’s relatively flat to 2022, there are fewer shoppers this year opting for cheaper brands or using other money saving strategies, Bankrate found.
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Macy’s Q2 sales disappoint as stores slated for closure post steep declines
The department store is preparing for its all-important holiday quarter with a value message that goes beyond discounts, executives said.
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Amazon allowing sellers to ditch physical returns
The offering for Fulfillment by Amazon users helps them avoid fees by simply having customers keep items, the company said.
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Same day services, price cuts drive Target growth in Q2
Results show that deal-hunting consumers are “still willing and able to spend,” said the retailer’s Chief Commercial Officer Rick Gomez.
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Fueled by Amazon Prime Day events, retail sales surge 6% in July
The month’s deals and discounts got consumers to spend, but retailers’ bottom lines were probably squeezed.
Updated Aug. 15, 2024 -
Foot Locker partners with Nike, Jordan on basketball concept at revamped flagship
The “Home Court” space is the result of a “shared vision” between the athletics retailer and Nike, but it still features other major brands.
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Wayfair’s Perigold banner to open first physical store
The move comes about three years after Wayfair said it would open locations for each of its five brands, which also include Joss & Main and Birch Lane.
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How Target made grocery a $24B business
The retailer shares how assortment, e-commerce and labor changes have helped it grow food and beverage sales by more than $8 billion since 2019.
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Steve Madden sells Greats to Unified Commerce Group
The upscale sneaker label will join apparel brands Frank And Oak and Spiritual Gangster on the growing retail platform.
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