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Winners and losers of Black Friday 2023
Data shows consumers turned to mobile to shop, while some analysts lowered their forecast for the season.
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Permission granted by The Hershey Company
Sponsored by The Hershey CompanyHow Hershey is reinventing candy displays
Agile fulfillment means retailers receive customized displays with the right mix of products at the right volume.
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Courtesy of Klarna
Black Friday orders through Klarna jump nearly 30%
As consumers feel the pinch of inflation, some are turning to installment payment services to stretch their budgets.
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Jessica McGowan / Stringer via Getty Images
What to expect this Black Friday, Cyber Monday
Retail sales and seasonal budgets this year are expected to rise, but consumers anticipate buying fewer gifts with less bang for their buck.
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Anchiy via Getty Images
TVs, PS5s and Airpods dominate social media product mentions during holiday shopping weekend: report
Over 2.3 million posts from Friday through Sunday mentioned holiday shopping, Black Friday or Cyber Monday, according to Sprout Social.
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Courtesy of Urban Outfitters
Urban Outfitters’ Nuuly rental business turns a profit in Q3
In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.
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Craig Barritt via Getty Images
After months in limbo, some products from bankrupt Mitchell Gold may finally reach customers
At the same time, home goods company Surya acquired the Mitchell Gold + Bob Williams brand, with plans to start shipping products in Q1.
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Courtesy of Abercrombie & Fitch
Abercrombie & Fitch sales jump 20% in Q3
The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.
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Scott Olson via Getty Images
Walmart is widening the gap with Amazon in grocery e-commerce, report finds
The retailer's share of the online grocery market will expand to nearly 27% by the end of 2024, while Amazon’s will slip to 18.5%, according to Insider Intelligence.
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Courtesy of 7-Eleven
The Weekly Closeout: Dr. Martens names CFO and 7-Eleven unveils a holiday collection
The shoe company also announced its first chief brand officer, while the c-store released apparel and merch for the season.
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Caroline Jansen/Retail Dive
Allbirds begins selling on Amazon
The sustainability-focused brand expands its sales channels amid a company-wide transformation effort focused on improving profitability.
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Permission granted by Madhappy
Madhappy opens first store
The 2,800-square-foot location is in West Hollywood, California, and features an assortment of its apparel as well as an on-site cafe.
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Retrieved from Sperry on November 09, 2023
Deep DiveRocking the boat shoe: Sperry’s search for a lifeline
Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.
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Kaarin Vembar/Retail Dive
Walmart adding parcel stations for faster delivery, greater density
The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.
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Daphne Howland/Retail Dive
Home gym company Tonal partners with Best Buy
The brand’s products can be purchased on Best Buy’s website in what the DTC company says is a “large-scale retail expansion.”
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Daphne Howland/Retail Dive
Bed Bath & Beyond’s new CEO exited. Now what?
Jonathan Johnson bet it all on the home retailer, rebranding Overstock in the process. Then activists called for his ouster.
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Courtesy of Nordstrom
Nordstrom pushes Rack expansion as full-line fleet contracts
Analysts question the emerging dependence on an off-price business that is struggling to compete in an otherwise thriving segment.
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Daphne Howland/Retail Dive
Dick’s sales rise 3%, buoyed by strong back-to-school season
It could be a good indicator of holiday performance, but that season is “very distinct” from the summer sales event and involve a wider group of competitors.
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Permission granted by Stanley
Deep DiveThe rise of the Stanley tumbler: How a 110-year-old brand achieved viral success
The brand had long been marketed to workmen and outdoorsmen. But with the help of a group of influencers, the company unlocked the power of women selling to women.
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Matt Cardy via Getty Images
Salt Life continues brick-and-mortar expansion with Virginia store opening next month
With this new location, the apparel brand will have opened seven stores in 2023, bringing its total to 28.
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Courtesy of Disco
Men’s skin care brand Disco shuts down amid bankruptcy
The company filed for Chapter 7 bankruptcy last week after its debt provider foreclosed on it, according to a LinkedIn post from founder Benjamin Smith.
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Shaun Lucas/Retail Dive/Retail Dive, data from Getty Images
October retail sales grew 4.3% as early deals drew in shoppers
That may have given a boost to some categories, like electronics, but it could also mean a more muted Black Friday.
Updated Nov. 15, 2023 -
Shaun Taylor via Getty Images
Retailers brace for cyberthreat feast ahead of Thanksgiving shopping weekend
A rise in social engineering and generative AI pose increased risks as phishing attacks and ransomware gain speed and grow more sophisticated.
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Courtesy of Truff
Kim Kardashian’s firm acquires minority stake in Truff
The investment is the first for private equity arm Skky Partners as it looks to cash in on growing demand for spicy, unique condiments.
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Courtesy of Kohl's
Kohl’s and Target went deep into beauty shop-in-shops. How does that impact the holidays?
Three years after inking deals with Sephora and Ulta, both retailers say they’re reaping the benefits. Here’s why the category could give them a boost this season.
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Permission granted by Wilson
Wilson opens store in Mall of America
The new 2,600-square-foot store is Wilson’s eighth location since 2021 and first in the region.
