The Latest
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Sam Silverstein/Retail Dive
Walmart CEO predicts grocery inflation will continue in early 2025
The retailer also aims to grow sign-ups for Walmart+ after initially downplaying the membership program, Doug McMillon said at a Morgan Stanley event.
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Sam Silverstein/Retail Dive
Shrink down at Dollar General after backing away from self-checkout
Hurricanes took a toll in the third quarter and into the fourth, leading the discounter to lower its guidance slightly for the year.
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Courtesy of Five Below
Five Below taps Forever 21 exec as CEO
Retail vet Winnie Park will take the top spot. Meanwhile, the teen retailer increased its guidance.
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Off-price retailers aren’t too worried about tariffs
Among the many advantages that stores like TJX, Ross and Burlington have over mainstream retail companies: some protection from protectionism.
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Permission granted by Chewy
Chewy raises full-year guidance as it beats Q3 expectations
The online pet retailer saw net sales increase nearly 5% driven by strength in its Autoship subscription service and nondescretionary categories.
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Courtesy of DoorDash
David’s Bridal, Five Below among new DoorDash partners
The additions are part of the on-demand delivery service’s plan to expand its retail offerings.
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Kendall Davis/Retail Dive
Podcast
The Backroom: Amazon Haul and the state of retail
Join Retail Dive Senior Reporter Daphne Howland and Rick Watson, founder and CEO of RMW Commerce, as they unpack recent retail stories including Amazon’s answer to Temu, Walmart’s progress and Target’s struggles.
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Kaarin Moore/Retail Dive
Black Friday weekend shopping traffic exceeds NRF predictions
More consumers made purchases during the five-day period than anticipated, and both stores and mobile shopping saw gains year over year.
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Kaarin Moore/Retail Dive
Lender group completes acquisition of Tupperware’s assets
Party Products LLC — made up of Stonehill Capital Management and Alden Global Capital — has acquired the company’s brand name and other assets.
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Retrieved from Google on November 22, 2024
Why Google Shopping turned holiday gift-giving into a game show
A campaign around the friendly competition of gifting also includes ads with Dwyane Wade and Gabrielle Union, and Charli XCX and Troye Sivan.
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Daphne Howland/Retail Dive
Amazon says these areas of Washington, DC, are too dangerous for Prime delivery
The e-commerce giant faces a lawsuit from the District’s attorney general, alleging that Prime members in two zip codes aren’t receiving promised benefits.
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Courtesy of Foot Locker
Facing Nike ‘softness,’ Foot Locker sales fall 1.4%
CEO Mary Dillon said the retailer has made progress on its strategy, but was hurt by a more cautious consumer.
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Nate Delesline III/Retail Dive
Dollar Tree CFO to step down next year
While financial performance improved during Q3, the retailer now faces the additional challenge of searching for a new CEO and CFO.
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Retrieved from Gymboree on Dec. 4, 2024.
Gymboree marks brick-and-mortar return with New Jersey store
Parent company The Children’s Place is refocusing on its store portfolio, even as profit was cut nearly in half in Q3.
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SDI Productions via Getty Images
Consumers have a new option as millions of packages are swiped from porches each year
PorchPals is an insurance product that could shake up coverage for a problem that has only escalated with the growth of e-commerce.
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Courtesy of Gatik
Walmart to close New Jersey Sam’s Club fulfillment center
Operations at the Swedesboro center will be relocated to other facilities within the retailer’s fulfillment network, a spokesperson said.
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Anchiy via Getty Images
Cyber Monday spending hits $13.3B: Adobe
It remains the biggest online shopping day, but the five-day period starting on Thanksgiving brought in over $41 billion online.
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Anchiy via Getty Images
Nearly 75% of baby boomers plan to use pay-later services this holiday season
Consumers in that generation are often on fixed incomes and mindful of avoiding high-interest credit card debt, according to Splitit CEO Nandan Sheth.
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Kaarin Moore/Retail Dive
Simon sees traffic bump during Black Friday weekend
The mall company has bucked the trend of declining in-store traffic during the industry’s busiest shopping period.
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Retrieved from Dick's Sporting Goods on November 26, 2024
Dick’s pits top athletes against each other in holiday decorating contest
The Texas-based campaign features Simone Biles, Dak Prescott and Chris Paul, and extends its geographic reach via social media.
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Courtesy of Wolverine World Wide
Wolverine names Under Armour, Designer Brands vet as chief product officer
Mike Maloney will lead product development, merchandise strategy and market expansion for the company’s Work Group.
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Kena Betancur via Getty Images
Winners and losers of Black Friday 2024
With deals all spread out and e-commerce surging even on Thanksgiving Day, the red-letter event seems to be losing its punch.
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Permission granted by Gibson
Federal agents seize 3K counterfeit Gibson guitars
If the musical instruments were genuine, law enforcement and company officials said the guitars, which arrived via ocean freight, would be worth about $18 million.
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Courtesy of Dollar General
Dollar General hires technology, distribution execs
Tom Hutchins has been appointed senior vice president of technology, while Kevin Pinchon takes on a role as senior vice president of distribution.
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FreshSplash via Getty Images
Over half of consumers turn to TikTok for gift inspiration
Shoppers are seeking out videos of unboxing products, customer reviews and user experience to sway their purchasing decisions, per an MGH survey.
