The Latest
-
Courtesy of ThredUp
ColumnThe Weekly Closeout: Tommy Hilfiger teams with ThredUp, and has inflation finally peaked?
The iconic fashion brand will provide shopping credit for certain items returned to ThredUp. Meanwhile, prices in July were flat month to month.
-
Daphne Howland/Retail Dive
J.C. Penney hires a new CFO
Stephanie Plaines has entered a role with much turnover in the last few years, as the retailer tries to reinvent itself in a difficult space.
-
Ace Hardware
Ace Hardware to open 60 stores by the end of the year
The hardware retailer has opened 105 stores in 2022 so far, and will open three additional warehouses in the next five years.
-
Dillard’s slows down in Q2 as women buy less apparel
The department store previously posted surges in sales and profits, but its weaker results weren’t just from tough comparisons, analysts say.
-
diane39 via Getty Images
Deep DiveBack-to-school challenges marketers as shoppers focus on savings
Brand loyalty is out the window amid economic distress, tasking brands and retailers to find new ways to court once-faithful customers.
-
Dave Kotinsky / Stringer via Getty Images
Pacsun hits 2M TikTok followers in brand identity push
The online following, a goal set and now met, signifies success by the brand in appealing to Gen Z shoppers and forming an identity on the app.
-
Courtesy of Warby Parker
After challenging Q2, Warby Parker sees crystal-clear need for stores
The DTC eyewear company slashed its guidance for the year, but says physical locations are key to expanding market share and brand awareness.
-
Courtesy of UpWest
Can UpWest lead the way forward for Express?
The DTC brand is opening stores, will launch a partnership with a major retailer this year and may be just the thing the specialty retailer was looking for.
-
Courtesy of Pacsun
Pacsun collaborates with virtual influencer Miquela for back-to-school ads
After hitting its goal of reaching 2 million TikTok followers, the youth-oriented retailer is putting a heavier focus on the metaverse for Q4.
-
Ben Unglesbee/Retail Dive
Sears Holdings reaches $175M settlement with Lampert and company
The retailer entered bankruptcy in 2018. It has been stuck there ever since, as the company and its creditors pursued claims of “rank” self-dealing.
-
Courtesy of Stitch Fix
Retail disruptors are turning to layoffs to cut costs and restructure
New companies have grown rapidly by leveraging consumer trends during the pandemic. Now, they’re paying the price amid an economic downturn.
-
Daphne Howland/Retail Dive
Petco reorganizes leadership team, names new COO
The pet retailer revealed a flurry of leadership changes and position expansions to better align with its customer-first strategy.
-
David McNew/Getty Images via Getty Images
USPS proposes peak season rate hikes amid drop in package demand
The temporary price increases “frankly seem pretty reasonable compared to what FedEx has proposed,” one consultant said.
-
Permission granted by Under Armour
Why running brands are finally making shoes for women
As the sport rises in popularity, brands are breaking from tradition and investing in running shoes that are actually manufactured for a woman’s foot.
-
Courtesy of Kohl's
Kohl’s expands self-pickup to all stores
Customers can use their mobile devices to go through a number of steps to obtain their orders in stores.
-
Revlon CFO to retire as sales continue shrinking in bankruptcy
The company’s losses have also ballooned, in part because of the high cost of Chapter 11.
-
Courtesy of Shopify
ColumnThe Weekly Closeout: Shopify makes a $100M investment and Jane Fonda fronts campaign for H&M’s Move line
Days after Shopify laid off 10% of its workforce it announced an investment in Klaviyo, while H&M launched a new brand with the help of a fitness icon.
-
Permission granted by Lively
Lively founder Michelle Cordeiro Grant steps down from CEO role
Kristin DiCunzolo, vice president of marketing and direct at parent company Wacoal America, will take on the post.
-
Courtesy of Sarmishta Ramesh
Whole Foods to add Amazon One payment tech to dozens of stores in California
After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations.
-
Under Armour founder Kevin Plank on what the brand’s next CEO needs to do
“Drive love for the [Under Armour] brand and the rest will follow,” the founder said on an earnings call earlier this week.
-
Daphne Howland/Retail Dive
Warby Parker lays off 15% of its corporate workforce, citing changing consumer behavior
The DTC eyewear brand said it’s restructuring in order to be in the best position long term, but that store and customer experience jobs aren’t affected.
-
Poike via Getty Images
E-commerce prices decline for the first time in over two years: Adobe
Online, there may be some relief in sight for high inflation that has rattled both consumers and retailers in recent months.
-
Kendall Davis/Retail Dive
Fallen unicorns: 9 retailers that have recoiled from sky-high valuations
After reaching or eclipsing the billion-dollar mark, these companies have tumbled back to earth — or disappeared.
-
Justin Sullivan via Getty Images
Walmart reportedly seeks streaming partner to bolster Walmart+
The retailer has met with Disney, Comcast and Paramount as it mulls a tie-up that could help it compete with Amazon Prime, reports say.
-
Daphne Howland/Retail Dive
Profits remain elusive in Q2 as The RealReal’s customers buy lower-priced apparel
Unlike other retailers in recent weeks, the resale site has been hiring and boosting wages to help address inventory shortfalls that hurt sales.
