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The Weekly Closeout: Chewy’s sales jump and a retail exec turns politician
The pet retailer scored more than 7% net sales growth in the most recent quarter. Meanwhile, former Hudson’s Bay CEO Helena Foulkes could soon be Rhode Island’s governor.
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Instacart, Shipt launch AI-powered shopping assistants
The companies’ new marketplace tools can build grocery carts based on a conversation with a customer or an uploaded photo.
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FedEx launches Shopify app to combat surprise import charges
FedEx Duty and Tax provides a cost guarantee at checkout and covers any overages to that amount.
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Nordstrom alum takes the CEO reins at Rent the Runway
Paige Thomas, who starts Monday, is one of a cohort hailing from the department store, including interim CEO Teri Bariquit.
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After demise of Joann locations, fabric is now in 90% of Michaels stores
The craft retailer has expanded its Knit & Sew Shop and is hosting events in honor of National Sewing Month to celebrate.
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"Destination XL Group - DXL (51788714899).jpg" by Ajay Suresh is licensed under CC BY 2.0
Destination XL maps out a turnaround plan
The company’s sales declines continued in the second quarter, but interim CEO Lionel Conacher told analysts “a resumption in sales growth is imminent.”
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Macy’s plows tariff refunds into its rebound
The department store has been backing away from promotions, so refunds will mostly go toward long-term growth plans rather than price cuts.
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Saks who? Bloomingdale’s hits sales volume record
As Saks Fifth Avenue and Neiman Marcus work on their post-bankruptcy turnarounds, Macy’s Inc.’s upscale department store is taking market share.
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American Eagle falls flat with women, again
Q2 earnings showed strength in the namesake brand's men’s offerings, but sales remained soft with women — and Aerie carried overall growth.
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Amazon pilots ad services in ChatGPT: What marketers need to know
The managed service offering, which is in a U.S. pilot and available via Amazon DSP, comes as ChatGPT Ads recently hit a revenue milestone.
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Francesca’s Ch. 11 liquidation plan confirmed
The apparel retailer says it resolved several disputes with creditors and it did not receive other qualified bids for its IP aside from Stand Out For Good.
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Target introduces AI-powered photo search, review features
The retailer is accelerating its AI capabilities to boost personalization and product discovery.
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E-commerce to outpace overall holiday sales growth as shoppers lean on AI
The channel is expected to grow up to 8.4%, aided in part by consumers’ embrace of digital tools such as artificial intelligence, per Deloitte.
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Signet Jewelers delivers ‘quality’ quarter, raises full-year outlook
The retailer swung to a profit in Q2, extended its credit agreement and expounded on the relaunch of its core brand websites.
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Ace Hardware: ‘We’re in the business of building national brands’
The retailer introduced new ways brands can build awareness through its retail media network at its inaugural Upfront event in Chicago.
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Bed Bath & Beyond cancels deal to acquire Cabinets To Go owner
The company — now rebranded to Neighborhood Intelligence — says it determined F9 Brands couldn't satisfy closing requirements.
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Retailers bet on AI for supply chain, ‘smart’ shopping
Retailers are using AI technologies to overhaul their customer experience, supply chain and personalized shopping offerings.
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Nike, Simon Property Group dropped from S&P 100
The shift, effective Sept. 21, is mostly symbolic, especially for the mall company. But for the apparel brand it’s a fresh reminder of ongoing struggles.
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Holiday spending forecast to top $1 trillion
Inflation is expected to account for much of the increase, according to a new report from Bain & Company.
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Urban Outfitters’ Nuuly pursues more fulfillment center automation
The rental subscription service aims to launch an automated order sortation system and picking solution at its Kansas City-area facility.
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Lululemon pulls back store plans as sales plummet
Even sales of leggings fell 20% in Q2. Incoming CEO Heidi O’Neill has her work cut out for her.
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The Weekly Closeout: Reebok partners with Hilary Duff and Saks Fifth Avenue launches fall campaign
The pop icon is the athletic retailer’s latest ambassador. Meanwhile, the department store, and sister brand Neiman Marcus, debuted seasonal campaigns.
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Five Below’s ‘maniacal focus’ on the customer pays off
CEO Winnie Park attributed some of its Q2 success to a shift away from traditional media spending channels last year.
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Petco loses millions due to loyalty program
When Petco Perks launched in Q2, “customer point redemption volumes far exceeded our initial projections,” CEO Joel Anderson said.
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Ulta’s use of Flock technology causes upset online
The retailer drew attention on social media this week for its use of automated license plate readers at some locations as the technology has drawn widespread public criticism.