The Latest
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Kendall Davis/Retail Dive
Podcast
The Backroom: Enjoy Technology set out to disrupt retail. But it got disrupted instead.
Led by former J.C. Penney CEO Ron Johnson, the now-bankrupt “commerce-at-home” company has suffered from constrained supply and high costs.
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Daphne Howland/Retail Dive
Ace Hardware shuts down The Grommet, lays off 44
The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn.
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Courtesy of Enjoy Technology
Enjoy Technology files for bankruptcy with plans to sell itself
Centered around mobile stores that bring retail service inside homes, the company has been burning cash and suffering supply shortages.
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Courtesy of South Carolina Ports Authority
Inventory in 2022: Normal is still nowhere in sight
With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.
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Michael M. Santiago via Getty Images
Bed Bath & Beyond CEO out as sales fall 25% in Q1
Mark Tritton, who took the helm in late 2019 after helping execute a turnaround at Target, is replaced by independent board member Sue Gove in the interim.
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Courtesy of StockX
StockX lays off 8% of its workforce
The embattled sneaker resale marketplace said that it’s had to adapt quickly as global economic challenges reshape consumer behavior.
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Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
FTC sues Walmart on claims it failed to protect money transfer customers from fraudsters
The agency alleged that the retail giant has inadequate training and anti-fraud practices in place. The company said the lawsuit is baseless.
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Courtesy of Walmart
Walmart to acquire AR optical tech firm Memomi
The tech company has provided its digital measurement tools to Walmart and Sam’s Club optical customers since 2019.
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Dollar Tree's C-suite just went through a huge shakeout
Gone or nearly gone are the discounter’s chief operating, financial, information, strategy and legal officers following an activist revolt.
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Photo Illustration: Shaun Lucas/Industry Dive; Getty Images
How retailers are grappling with sustainability
In an industry that inevitably generates waste, the path to a more environmentally friendly future is littered with difficult choices.
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Courtesy of Pinterest
Pinterest names Google president of commerce as CEO
The image-sharing platform continues its push into social retail as co-founder and former CEO Ben Silbermann transitions to the executive chairman role.
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Courtesy of Walgreens
Walgreens calls off Boots sale despite 'significant interest'
Macroeconomic instability caused a sudden shift in financing availability, plus the retailer said its U.K. business is doing better now.
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Courtesy of Enjoy Technology
Enjoy Technology to 'pause' on selling Apple products
The cash-strained company said it is halting its “commerce-at-home” services for the tech maker to focus on business priorities.
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Brandon Bell via Getty Images
How retailers are responding to the Roe v. Wade ruling
Many companies have spoken out in the wake of the decision to reiterate current benefits or add to their abortion coverage for employees.
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Courtesy of Function of Beauty
Function of Beauty hires 20-year L'Oréal vet as chief marketer
The personalized beauty brand is building out a team of industry veterans as it looks to scale.
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Photo Illustration: Getty Images; Industry Dive
Deep Dive // Sustainability in retailDTC brands have long been vocal about the importance of sustainability. Is that enough?
As more direct-to-consumer companies find value in physical retail, they must consider how that fits into their goals.
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Courtesy of Nike
Nike's Q4 sales fall slightly after 20% decline in China
The athletics giant is launching commerce and activity apps specific to the region in the next six months to better connect with shoppers.
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Justin Sullivan / Staff via Getty Images
As consumers spend more on gas and food, a shadow looms over retail
The second half of the year will be tough for retailers as shoppers hunt for lower prices, opt for experiences and shift their loyalties.
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Courtesy of Parachute
Parachute pops up at Nordstrom
The department store will feature products from the DTC brand in nine of its locations as well as on its website.
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Retrieved from Amazon on June 28, 2022
Amazon unveils first fully autonomous mobile robot
The company aims to automate the handling of heavy, package-carrying carts with its Proteus robot, allowing employees to focus on other tasks.
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Courtesy of Nike
ColumnThe Weekly Closeout: Nike exits Russia and tech firms unite around the metaverse
The athletics giant won’t reopen its stores in the region. Meanwhile, Meta, Microsoft and others teamed up to develop standards for the virtual concept.
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Elena Perova via Getty Images
Self-checkout shipments could surpass 300K by 2027: report
Cashless systems are growing in popularity, and retailers are testing new features like facial recognition.
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Courtesy of WHP Global
Anne Klein to sell furniture at tricky time for the category
The apparel brand will take inspiration from the late designer’s homes in Manhattan and the Hamptons and debut the collection this coming winter.
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Daphne Howland/Retail Dive
Nordstrom leans on off-price Rack for growth and profit
The retailer was said to be exploring a spinoff of the business, but now says it’s cranking up its footprint and tying it more tightly to its full-line operations.
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Courtesy of Ikea
Ikea adds space visualization tool to its app
Following the disruption of the COVID-19 pandemic, the company has worked to turn its e-commerce business around.
