The Latest
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Ballooning credit card balances already loom over 2024’s retail sales
The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.
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Nicki Minaj launches press-on nail brand
The brand, dubbed Pink Friday Nails, allows customers to customize the length, shape and design of the products.
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Amazon announces first Big Spring Sale
In a shift from previous sale promotions, the retailer said Prime membership is not required to shop the event, which starts Wednesday.
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Pacsun unites commerce channels with first-party data solution
The retailer is the first consumer brand to take advantage of a partnership between SoundCommerce and Cordial that unites data and personalization.
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The Weekly Closeout: Dollar Tree to add $7 items and Bath & Body Works teams up with Netflix
The dollar store is expanding its multiprice assortment, while the personal care retailer debuted a “Bridgerton” collection as part of a yearlong partnership.
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Macy’s moves to beef up real estate expertise on its board
Arkhouse Management, which upped its takeover bid to $6.6 billion, has criticized the retailer for having only one director with a real estate track record.
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Longtime Fossil CEO out as company announces strategic review
The departure of Kosta Kartsotis, who spent over 20 years at the helm, came as the retailer reported Q4 sales falling nearly 16% and losses widening.
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Q&A
Costco’s ‘voice’ looks back on 40 years, $1.50 hot dogs and leadership
Richard Galanti thought he might stay four years at what was then a retail startup. Costco’s CFO stayed about four decades and is exiting the role on Friday.
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Ulta to expand into Mexico in 2025
The beauty retailer previously planned to grow into Canada, but ditched those efforts in 2020.
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Adidas posts first annual net loss in over 30 years
However, the retailer dodged a much-discussed operating loss for the year, with the sale of Yeezy merchandise helping it notch a profit.
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With an extra day this year, February retail sales rise nearly 7%
But when the leap year effect is factored in, there’s some signs of growth slowing, analysts said.
Updated March 14, 2024 -
Impossible Foods has always claimed to bleed red, now its label will
The plant-based pioneer announced new packaging at Natural Products Expo West to attract more meat lovers to its burgers, sausages and chicken.
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Afterpay expands merchant partners as it looks past apparel
In addition to Kendra Scott and Diane von Furstenberg, the installment payments provider is bringing on brands like Made In Cookware.
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Column
The Weekly Closeout: BowFlex files for Chapter 11, Public Lands partners with Saucony
The at-home fitness company has a $37.5 million buyout offer, and the Dick’s Sporting Goods banner teamed up with the footwear brand on running shoes.
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Michaels boosts in-store experience with birthday parties, classes
The crafts retailer reimagined its class offering and introduced a party planning service for children in the U.S. as it leans into experience.
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Macy’s, Arkhouse discuss due diligence following higher takeover bid
The iconic department store could lose an opportunity to improve operations if its real estate holdings become its focus, analysts warn.
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Podcast
The Backroom: The story behind our stories on shrink and theft
When the National Retail Federation retracted a theft claim following our coverage of its special report on crime, the news went viral. Here’s what it took to get the story.
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Dollar General plans 800 stores this year as rival Dollar Tree pulls back
Thirty of those will be under its Popshelf banner, though the discount retailer is taking the concept’s expansion slowly given its discretionary focus.
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After record Q4, Dick’s plans greatest square footage expansion since 2017
The sporting goods retailer is opening eight House of Sport stores in 2024, as well as 16 next-generation locations as it increases store investments.
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Birkenstock’s expanding production capacity lifts sales as it eyes more growth ahead
The footwear brand plans to double capacity in the next three years, spending tens of millions of dollars along the way.
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Under Armour puts founder Kevin Plank back in charge as CEO Stephanie Linnartz exits
Come April 1, the athletics brand founder will take the helm once more. Linnartz, who is stepping down, has been CEO for barely a year.
Updated March 14, 2024 -
Marla Beck named CEO of BeautyHealth
The Bluemercury founder was named interim chief executive officer in November after serving on the company’s board since 2022.
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What 8 DTC brands are talking about in 2024
From Glossier to On, executives shared insights into what brands are facing during the National Retail Federation’s Big Show and the ICR conference.
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The Home Depot expands distribution center network for pro orders
Four new locations aim to reduce in-store congestion by directly shipping products like lumber and insulation to job sites.
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Peloton CFO leans on cost cutting to reverse post-pandemic slump
Finance chief Liz Coddington is slashing overhead costs and driving more revenue from Peloton’s digital subscription and bike rental businesses.