The Latest
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FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings
The commission says the deal would prevent competition and give Tapestry a dominant share of the “accessible luxury” handbag market.
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Small businesses in 2024: Tap into tech to amplify your growth
AI can help small business leaders optimize productivity and streamline success in 2024.
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Ikea embarks on companywide AI literacy initiative
Ikea workers can take a variety of courses, such as AI fundamentals and specialized training around ethical and responsible use of AI tools at work.
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High-end appliance retailer Pirch to liquidate in bankruptcy
The company faces lawsuits from customers and vendors, including one from American Express alleging potential fraud.
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Column
The Weekly Closeout: Peloton drops free membership as Asos revenue falls over 18%
The struggling home exercise brand quietly removed the free option, while the fast-fashion retailer saw sales plunge in the first half of the year.
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Walmart+ enlists celebrity moms to answer TikTok questions for Mother’s Day
Paris Hilton, Whitney Cummings and others will offer advice in the second iteration of the retailer’s “Mother of All Savings Memberships” campaign.
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Shoppers under 18 at this Target store must be accompanied by an adult
Young customers at a Columbia Heights shopping center in Washington, D.C., need the presence of an adult.
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Mingle Mocktails aims to spark a zero-proof cocktail craze
The nonalcoholic brand says its products, which don’t directly mimic the taste of alcohol, cater to consumers looking for alternatives in social situations.
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UK-based JD Sports to buy rival retailer Hibbett for $1.1B
The combined company would have a global portfolio of about 25 brands and North American revenue of about $5.9 billion.
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Express files Chapter 11, plans to close over 100 stores
All of the company’s UpWest stores will shutter as the retailer pursues a sale to WHP Global, Simon Property Group and Brookfield Properties.
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Q&A
Why J.C. Penney’s loyalty program is the next step in its $1B turnaround plan
Chief Customer Officer Katie Mullen explains how the retailer's revamped program will deliver value to consumers and boost first-party data reserves.
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Big Lots uses headquarters mortgage to secure new financing
The retailer increased its borrowing capacity by up to $200 million and immediately drew down $50 million under the new loan.
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Allbirds unveils Tree Runner Go sneaker as it refocuses on core products
The shoe features improvements to the original design and comes after the successful launch of the Wool Runner 2.
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Why Dollar General is winning with store count
By committing to smaller, rural markets, the retailer has room to grow its substantial store footprint, industry experts and company leaders say.
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Wayfair’s first large-format store to open next month
The location in Wilmette, Illinois, will span 150,000 square feet — about 10 times the size of its other stores — and feature an on-site restaurant.
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Second phase of Nike layoffs to hit Oregon headquarters this summer
After the job cuts, effective June 28, about 740 employees will have been impacted in the retailer’s home state.
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Deep Dive
Golf fashion moves into the mainstream
A new line from Tiger Woods, LVMH's latest collaboration with Tyler, the Creator and indie brands are helping to bring the sport from performance wear to streetwear.
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Hasbro’s Wizards of the Coast president resigns
Cynthia Williams, who has been in the position for two years, will exit the company on April 26.
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Target adds ÅŒura to its online and in-store assortment
The wearable tech company has been adding to its distribution channels, inking deals with Best Buy and Amazon recently.
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Inside a closing Macy’s store
CEO Tony Spring surprised the industry with a new tranche of 150 department store closures, 50 of which are shuttering in 2024. Here’s what that looks like.
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Universal Standard launches size exchange program
The campaign, dubbed Fit Liberty, allows customers to replace items with ones in a different size at no cost.
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Cotton used by H&M and Zara linked to illegal deforestation: report
A year-long investigation by nonprofit Earthsight found that fiber certified by ethical supply chain organization Better Cotton was grown on "stolen" and "deforested" land in Brazil.
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Column
The Weekly Closeout: PetSmart hosts tattoo redo contest, Williams Sonoma announces book tour with Ina Garten
The pet retailer is offering to pay to replace regretted tattoos, and the home retailer will host a four-city tour to celebrate the food celebrity’s new book.
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Figs recycled over 40K healthcare professional’s scrubs in trade-in program
The “Scrubs That Don’t Suck” campaign launched April 1 and ends on Earth Day as the brand hit its participation goal.
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Nordstrom family may try again to take the company private
The Nordstrom brothers, who are the retailer’s top executives, notified the board of their interest, and a special committee has been formed.
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Deep Dive
Why more tech in stores shouldn’t mean fewer workers
Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.