The Latest
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Deep Dive
Why the latest TikTok ban attempt is different — and what it means for marketers
A ban could benefit Meta, weakening competition and options for advertisers, while a potential suitor will need to be well-versed in data management.
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Sponsored by Paylocity
How to overcome 5 retail industry challenges
Discover tips and tricks to help you tackle some of the top HR pain points for stores and wholesale businesses.
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Haus Labs by Lady Gaga doubles down on Europe
The brand this week began selling in over a dozen countries through its partnership with Sephora.
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GameStop cuts undisclosed number of jobs as Q4, full-year sales fall
As pressure mounts on the sector from declining hardware sales and rising streaming subscriptions, analysts question the retailer’s long-term survival.
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Macy’s closures a win for off price
The biggest beneficiary of the department store’s plan to shrink its footprint is TJX, which runs T.J. Maxx and other retailers, analysts say.
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ThredUp: US secondhand market to hit $73B by 2028
While that represents meaningful growth, it’s down significantly from a 2022 prediction that the market would reach $82 billion by 2026.
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Vince CEO steps down
Jack Schwefel’s resignation is effective immediately, and former CFO David Stefko will hold the position until a successor is named.
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Inside Levi’s first campaign from new creative agency
Chief Marketing Officer Kenny Mitchell explains how “The Floor Is Yours” positions the brand as the “unofficial uniform for progress.”
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E-commerce deal count fell more than 50% in 2023: PitchBook
Even as trends improved in the back half of the year, overall deal count and value fell last year compared to 2022.
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Beyond Inc. names new chief customer officer, relaunches Overstock.com
Carlisha Robinson was promoted to the role, as the company also announced the launch of Overstock.com this week.
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Flexing for the planet: How Walmart crushed its supplier emissions target
The retailer leaned on education, financing and recognition to get its supply chain on board with Project Gigaton, according to a Walmart executive.
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Dr. Martens launches recycled leather collection and resale platform
The footwear company is promoting both launches as part of its sustainability commitments.
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Canada Goose cuts corporate workforce by 17%, shakes up executive roles
As part of a DTC focus, the brand said about a year ago that it would double its footprint within five years, but some analysts anticipate that slowing.
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Column
The Weekly Closeout: Layoffs at Walgreens and what would it mean if Nordstrom went private?
The drugstore chain closed two distribution centers. Meanwhile, go-private rumors at the department store could have been sparked by Macy’s.
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Academy Sports and Outdoors plans up to 180 store openings over the next five years
The retailer said it sees a long-term potential to operate over 800 stores nationwide.
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Lalo secures equity investment round
The round, led by consumer venture group Forecast Labs, will be used to boost sales and explore growth opportunities in retail.
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Sephora deal ‘a real coup’ for Kohl’s, CEO says
Forty percent of customers who visit the Sephora shop-in-shops are new to the department store, Tom Kingsbury said at Shoptalk.
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Tractor Supply, Martha Stewart launch gardening apparel collection
The Martha Stewart Garden Apparel Line includes eight clothing items and can be found in 50 select stores and online.
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Rhone taps Athleta vet for board slot as it preps to launch first women’s collection
Tess Roering spent five years at the women’s activewear brand, including as its first head of marketing. Also joining the board is ESPN Chairman Jimmy Pitaro.
Updated March 27, 2024 -
Kendra Scott expands fine jewelry offering with lab grown diamond collection
The jewelry company said it was a “natural category addition” that allows it to offer high-end jewelry at more affordable prices.
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Nike hires Tim Hamilton as vice president of men’s apparel design
The award-winning menswear designer was formerly at The North Face, where he helped orchestrate collaborations with brands including Gucci and Supreme.
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Pacsun enlists emerging artists to promote festival collection
The teen clothing brand tapped its new Pacsun Collective to shape the music festival-centric campaign.
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Destination XL to open 9 stores this year
The company also has plans for future locations as it builds out a strategy to meet customers where they live, according to CEO Harvey Kanter.
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Most retail leaders say AI plays an important role in search strategies: survey
Retail leaders cited improved accuracy and relevance as the two biggest roles AI can play, according to Algolia and Coleman Parkes Research.
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Target doubles bonuses for salaried employees
The move comes as competitors, namely Walmart, sweeten their benefits.
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The Center adds body care brand Cyklar to its portfolio
The beauty accelerator, which houses brands like Saltair and Phlur, has partnered with the Claudia Sulewski-founded brand.