The Latest
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Retrieved from Piqsels.
Uncertainty clouds the holidays as inflation takes a toll
Shoppers are a bit more confident and getting to their lists early, but financial worries are making the season hard to predict.
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iStockPhoto: “Business 4” | Magnifier | gremlin | LightFieldStudios | “Retail Shopping Small Business”
Sponsored by PlanalyticsMany things are beyond our control; this external sales driver is not one of them.
As a rule, external factors that are unknown, uncontrollable and unpredictable are pretty much impossible to proactively manage. There is one exception to this rule.
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Courtesy of Caraway
DTC cookware brand Caraway raises $35M
The funding comes as many retail startups face a cooler venture capital market.
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Courtesy of Peloton
In settlement with Lululemon, Peloton will phase out certain designs
The at-home fitness brand was accused of patent and trademark infringement by Lululemon.
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Courtesy of Nike
Nike ‘aggressively’ clearing inventory ahead of holidays
Some out-of-season apparel arrived late, while holiday apparel arrived early, leading inventories to rise 44% year over year.
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Courtesy of Rite Aid
Rite Aid’s losses triple as sales fall
Declines in traffic and sales from COVID-19 services could be hurting the drugstore chain.
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Courtesy of Beyond Yoga
ColumnThe Weekly Closeout: Beyond Yoga opens its first store and H&M looks to cut costs
The active brand is planning more stores down the pike, while the fast-fashion retailer is hoping to stem losses by charging for returns.
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Courtesy of Peloton
Peloton deepens wholesale ties through Dick’s Sporting Goods deal
The partnership was announced at the same time Peloton lost its lawsuit against Lululemon.
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Courtesy of Stitch Fix
Stitch Fix again makes ‘Freestyle’ e-commerce site exclusive only to box customers
The apparel styling service ended the requirement a year ago but has revisited the policy as it struggles to reconcile its two business models.
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Kendall Davis/Retail Dive
Podcast
The Backroom: The idiosyncrasies of this year’s holiday consumer
Retailers are navigating a challenge likely to define the 2022 season: inflation.
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Joe Raedle via Getty Images
Study: Only 10% of shoppers expect to spend more this holiday season
Gartner found purchase decisions are being driven by price (65%), value (53%) and free shipping (51%).
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Courtesy of Lululemon
Lululemon puts Mirror acquisition to use with Lululemon Studio program
The membership, launching next week, costs $39 per month and requires customers to own the at-home fitness device.
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Hiroko Masuike / Stringer via Getty Images
How retailers are hiring for the holidays in 2022
In preparation for demand, Target is staffing for the season similarly to 2021 while Walmart pulled back on hiring by nearly 75%.
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Courtesy of Supergoop
Supergoop expands executive team
Company veteran Britany LeBlanc was promoted to chief marketing officer, and LVMH alum Ryan Crowley will be chief financial and chief operating officer.
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Daphne Howland/Retail Dive
As it works to turn itself around, Bed Bath & Beyond’s sales fall 28% in Q2
About a month after outlining a plan to steady the business, the struggling home retailer is also sinking deeper into the red.
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Courtesy of Amazon
What Amazon’s product updates say about its strategy
The retailer has expanded its reach into consumers' homes — and their businesses.
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Courtesy of Amazon
Amazon to spend nearly $1B on wage hikes for frontline workers
Increases start in October and will raise the average starting wage for fulfillment and transportation workers to over $19 an hour, the company said.
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Courtesy of Burberry
Burberry nabs Daniel Lee as creative chief
The British fashion designer is credited with reviving Kering-owned Bottega Veneta, though he left abruptly last year after three years as creative director.
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Courtesy of Forager / Ecovative
Can fungi replace leather for retailers?
As brands search high and low for alternatives that don't use animal products or plastic, more are turning toward mycelium.
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Daphne Howland/Retail Dive
Athleta turns to resale, outlet sales to coax new customers
Gap Inc. has been depending on its athleisure brand to grow swiftly, but it’s faltered lately as consumers buy dressier clothes and cut spending.
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Wellmeier, Ed. (2021). [Photograph]. Retrieved from Flickr.
American Eagle leverages Quiet Platforms to speed its own fulfillment
E-commerce orders are now reaching customers within three days of checkout, and executives still see room for improvement.
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Permission granted by Google
Google debuts 3D sneaker tool, new shopping features
The technology company will provide more personalized recommendations to users and assist businesses in creating 3D product models.
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Courtesy of Nike
The Weekly Closeout: Home Depot employees move to unionize and Nike launches recycling program on Alipay
Philadelphia workers for the home improvement retailer filed with the National Labor Relations Board, while the athletics brand partnered with Ant Group’s Green Energy Initiative.
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Courtesy of Macy's
Macy’s launches third-party marketplace in time for the holidays
The department store is filling gaps in its assortment with an online selection of toys, pet goods and other items. Should some end up in stores, too?
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Daphne Howland/Retail Dive
Sephora launches $49 annual same-day delivery subscription
The speedy delivery service comes as the beauty retailer is rapidly expanding its store footprint through a partnership with Kohl’s.
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Permission granted by Beautycounter
What can an Amazon Fashion executive do for Beautycounter?
Kara Trousdale joined the beauty brand as its chief commercial officer in March and is bringing lessons from the e-commerce giant to help guide its omnichannel strategy.
