The Latest
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Foot Locker unveils new store concept in ‘critical year’
Chief Commercial Officer Frank Bracken told Retail Dive the new format fixes some old pain points, like a male-dominant experience, and also serves as a starting point for its fleetwide revamps.
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TikTok Shop debuts pre-owned luxury category in UK
Facing a possible ban in the U.S., the social media platform is expanding its focus on secondhand luxury in other markets.
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The turnaround of Abercrombie & Fitch is finally here
S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.
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Hasbro focuses on ‘high-profit partnerships’ to drive recovery as sales fall 24%
Excluding the sale of its eOne division, revenue was still down 9% in Q1, but the toy manufacturer swung to a profit.
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What Q1’s retail sales say about the consumer in 2024
In the first three months of the year, a strong job market and wage gains helped buoy consumer spending, but some analysts warn it may not last.
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Dom’s, Foxtrot cease operations
The companies “found no viable option despite good faith and exhaustive efforts,” Dom’s posted on its website.
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Jason Wu Beauty lands in over 3,000 CVS stores
The partnership adds to the beauty brand’s distribution channels, which also include Target and J.C. Penney.
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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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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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Lovesac pares back inventory costs as it simplifies operations
Costs associated with inbound freight and warehousing costs dropped as the furniture company rolled out planning capabilities and simplified operations.
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Saks seeks to carve out luxury niche in retail media with network launch
Saks Media Network debuts on the tails of the company receiving an infusion of capital to help it weather the current luxury downturn.
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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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Amazon rolls out grocery subscription for Prime members, EBT customers
The new service, which has a monthly fee, offers free delivery on orders over $35 from Whole Foods, Amazon Fresh and grocers partnered with the e-tailer.
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Target adds Ōura 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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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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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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RTIC Outdoors expands into Walmart
The drinkware and cooler brand is selling 55 of its best-selling products in 3,800 of the mass merchant’s stores as well as on its website.
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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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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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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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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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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.