Pursuing global expansion, Lululemon enters Spain

The company plans to quadruple international revenues by 2026. As it pursues growth in Europe, an entry into Italy is also in its sights.

By Cara Salpini • July 5, 2022

The Weekly Closeout: Bed Bath & Beyond continues executive shakeup and Gucci launches a pet collection

The home retailer appointed a new chief accounting officer and head of treasury. Meanwhile, the luxury brand seeks to bring individuality to pets.

By Retail Dive Staff • July 1, 2022

Enjoy Technology says it has a prospective buyer that would keep it alive

Asurion, which insures and repairs consumer electronics, has emerged as lender, prospective buyer and future operator of the bankrupt Enjoy. 

By Ben Unglesbee • July 1, 2022

Kohl's slams the door on takeover after Franchise Group lowers bid

The Vitamin Shoppe owner less than a month ago offered $60 per share, but cut that to $53 after the Fed hiked interest rates, the department store said.

By Daphne Howland • July 1, 2022

Enjoy Technology files for bankruptcy with plans to sell itself

Centered around mobile stores that bring retail service inside homes, the company has been burning cash and suffering supply shortages. 

By Ben Unglesbee • June 30, 2022

The Backroom: Enjoy Technology set out to disrupt retail. But it got disrupted instead.

Led by former J.C. Penney CEO Ron Johnson, the now-bankrupt “commerce-at-home” company has suffered from constrained supply and high costs.

By Retail Dive Staff • June 30, 2022

Bed Bath & Beyond CEO out as sales fall 25% in Q1

Mark Tritton, who took the helm in late 2019 after helping execute a turnaround at Target, is replaced by independent board member Sue Gove in the interim.

By Caroline Jansen • June 29, 2022

Enjoy Technology to 'pause' on selling Apple products

The cash-strained company said it is halting its “commerce-at-home” services for the tech maker to focus on business priorities. 

By Ben Unglesbee • June 29, 2022

StockX lays off 8% of its workforce

The embattled sneaker resale marketplace said that it’s had to adapt quickly as global economic challenges reshape consumer behavior.

By Daphne Howland • June 29, 2022

FTC sues Walmart on claims it failed to protect money transfer customers from fraudsters

The agency alleged that the retail giant has inadequate training and anti-fraud practices in place. The company said the lawsuit is baseless.

By Ben Unglesbee • June 29, 2022

Nike's Q4 sales fall slightly after 20% decline in China

The athletics giant is launching commerce and activity apps specific to the region in the next six months to better connect with shoppers.

By Cara Salpini • June 28, 2022

Walgreens calls off Boots sale despite 'significant interest'

Macroeconomic instability caused a sudden shift in financing availability, plus the retailer said its U.K. business is doing better now.

By Daphne Howland • June 28, 2022

Dollar Tree's C-suite just went through a huge shakeout

Gone or nearly gone are the discounter’s chief operating, financial, information, strategy and legal officers following an activist revolt.

By Ben Unglesbee • June 28, 2022

Foot Locker divests its team sales business

The sale comes as the retailer has nearly finished merging its Eastbay and Champs Sports brands into a single unit focused on young athletes. 

By Ben Unglesbee • June 27, 2022

Inventory in 2022: Normal is still nowhere in sight

With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.

By Ben Unglesbee • June 27, 2022

As consumers spend more on gas and food, a shadow looms over retail

The second half of the year will be tough for retailers as shoppers hunt for lower prices, opt for experiences and shift their loyalties.

By Daphne Howland • June 24, 2022

Bed Bath & Beyond launches buy now, pay later option and rewards program

The retailer’s tier-based program offers perks like free shipping for select members and flexible payments, and it replaces the existing Beyond+ program.

By Caroline Jansen • June 24, 2022

The Weekly Closeout: Nike exits Russia and tech firms unite around the metaverse

The athletics giant won’t reopen its stores in the region. Meanwhile, Meta, Microsoft and others teamed up to develop standards for the virtual concept.

By Retail Dive Staff • June 24, 2022

Abercrombie & Fitch Co. paid millions in extra freight costs after Vietnam lockdowns

The retailer is scheduling earlier inventory receipts after factory shutdowns pushed the retailer to rely more on airfreight.

By Alejandra Carranza , Edwin Lopez • June 24, 2022

Walmart invests in supply chain AI company Symbotic

The retailer is deploying the company’s technology to increase capacity, accuracy and productivity at its distribution centers.

By Ben Unglesbee • June 24, 2022

Revlon scrambles to stabilize its supply in bankruptcy

The cosmetics giant is racing to pay suppliers and catch up on production so it can fill orders for the pending holiday season.

By Ben Unglesbee • June 23, 2022

Rising returns hurt everyone

The costs of lenient shipping and return policies are proving to be unsustainable. What can be done?

June 22, 2022

After much mulling, Office Depot owner rejects both sale and split

The office supplies specialist won’t be breaking itself up nor merging with rival Staples. Many twists and turns later, it has decided to stay whole.

By Ben Unglesbee • June 22, 2022

Nordstrom leans on off-price Rack for growth and profit

The retailer was said to be exploring a spinoff of the business, but now says it’s cranking up its footprint and tying it more tightly to its full-line operations.

By Daphne Howland • June 22, 2022

EBay acquires NFT marketplace KnownOrigin

The deal will usher in “a new era of digital collecting to the world’s top destination for collectibles,” according to eBay.

By Kaarin Moore • June 22, 2022