The Latest
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Courtesy of Etsy
Etsy slashes workforce by 12%, laying off 220
CEO Kruti Patel Goyal said neither cost cuts nor artificial intelligence drove the downsizing, but also said that “AI is changing how all of us work.”
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Permission granted by Rezolve Ai / Artlist.io
Sponsored by Rezolve AiThe AI performance question retail isn’t asking
Engagement with your AI isn't the measure that matters. Inclusion in AI answers is.
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Retrieved from Digital Brands Group on January 03, 2024
Digital Brands Group weighs shareholder cash deal
After announcing a strategic review earlier this week, the company received a proposal to acquire all outstanding shares of its common stock.
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Brandon Bell / Staff via Getty Images
Home Depot reshuffles leadership to accelerate tech innovation
The company is consolidating tech teams under the leadership of its new executive vice president and CTO as part of this effort.
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Daphne Howland/Retail Dive
Michael Kors a drag in Q1 as Jimmy Choo kicks revenue up 10%
Owner Capri Holdings suffered from woes at its larger label, as total revenue fell more than 3% compared to last year, though margins and profits expanded.
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Courtesy of Bed Bath & Beyond
Bed Bath & Beyond Inc. changes corporate name again, relocates headquarters
The rebrand to Neighborhood Intelligence underscores the company’s ambitions to move beyond retail and into home services.
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Courtesy of Mattel
Barbie is ready to be a ‘fashion icon’
While Mattel is entering a new chapter with the doll, it swung to a net loss in Q2.
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Scott Olson via Getty Images
Best Buy picks Nordstrom alum for CFO
Anne Bramman succeeds Matt Bilunas, who left the retailer last month after serving as its finance chief for seven years.
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Courtesy of Under Armour
Under Armour hits play on K-pop partnership
The company named BoyNextDoor as global brand ambassadors as it works on an Asia-Pacific rollout of its Bouncy Tee line.
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Courtesy of Perigold
High-income shoppers drive revenue gains at Wayfair
Despite continued housing market uncertainty, the company’s upscale Perigold banner experienced growth, increasing by over 35% in Q2.
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Daphne Howland/Retail Dive
GameStop resorts to $1.4B debt swap to preserve cash
The retailer forged a private deal with its lenders to trade loans due in four to six years for shares of its Class A common stock.
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Cara Salpini/Retail Dive
Retailers — eager for cash — sell off rights to potential tariff refunds
A secondary market has emerged for retailers, such as American Eagle Outfitters and The Children's Place, to get capital quicker by monetizing tariff refunds.
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Daphne Howland/Retail Dive
Private equity firm tries again to buy 100-plus J.C. Penney stores
Onyx Partners, whose previous bid fell through, is offering $934 million for the properties.
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Getty Images
As the holidays near, two-thirds of shoppers are using AI
Consumers are looking to AI this holiday season to sift through products and search for bargains, according to Attentive.
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Courtesy of Walmart
Walmart, Wing launch drone delivery service in Florida
The offering, which will cover five Orlando-area stores, is part of an expanding partnership between the two companies.
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Courtesy of Express
Express nods to its Y2K heyday in campaign that unites fashion, music
Chief Marketing Officer Joe Berean discusses a fall effort featuring pop star Tinashe and NFL player Tee Higgins that iterates on the retailer’s “Dress to Express” platform.
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Retrieved from Digital Brands Group on January 03, 2024
Digital Brands Group considers sale, merger
The apparel conglomerate is undergoing a strategic review and has retained financial advisers.
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Cara Salpini/Retail Dive
American Eagle Outfitters to open $41M North Carolina distribution center
The facility, which will service the Southeastern U.S., is expected to start operations in early 2027 and create over 200 jobs.
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Ethan Miller/Getty Images via Getty Images
Amazon customers are embracing Alexa for Shopping
The number of active users for the tech nearly doubled in the second quarter, with interactions up five times year over year, CEO Andy Jassy said.
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Kaarin Moore/Retail Dive
NRF finds shoplifting stabilizing as online fraud grows
Phone and gift card scams, plus supply chain vulnerabilities like cargo theft, are top concerns for loss prevention specialists at over 60 major retailers, according to a report Thursday.
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Crocs tops $1B in quarterly revenue for the first time
Heydude continues to struggle, with a nearly 6% drop in revenue, and wholesale declined at both brands.
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Courtesy of Amazon
Amazon to add supply chain facilities in New York, Texas
The e-commerce giant is in the early stages of building a distribution center in the Lone Star State while prepping a Long Island operations site.
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Daphne Howland/Retail Dive
Kohl’s board chair exits
John Schlifske announced his retirement and director Wendy Arlin has stepped into the role.
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Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Macy’s disappearing billboard and Reformation’s IPO
The department store’s iconic sign in Herald Square was taken down. Meanwhile, the apparel retailer went public on the low end of its price range.
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Courtesy of Nike
Why Nike is trying to reignite its sportswear business with a hoodie
Studio Fleece, the retailer’s latest line, aims to recreate a series of wardrobe staples for women, Nike’s Jill Gonzalez told Retail Dive.
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Courtesy of Amazon
Amazon Prime Day details elusive as AWS takes centerstage
The company’s Q2 online store net sales grew 15%, but Amazon has pared back the public release of details on how the major sales event fared.
