The Latest
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Yujin Kim/Retail Dive
Deep Dive11 retailers at risk of bankruptcy in 2023
From Joann and Rite Aid to Petco and The Container Store, here’s who’s most at risk in the next 12 months.
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phototechno via Getty Images
Sponsored by JusttMAG 2023: Advocacy is key to keeping up in the payments industry
Businesses need to understand evolving shopping preferences, harness data-driven insights, and integrate technology to streamline processes, while promoting a culture of open dialogue and collaboration.
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Kaarin Vembar/Retail Dive
Walmart’s chief sustainability officer talks ESG priorities, challenges
In an increasingly politicized environment, the retailer is relying on a three-part litmus test to assess climate, labor and social issues, Kathleen McLaughlin said at a Goldman Sachs event.
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Courtesy of Maybelline
Maybelline New York debuts virtual beauty, music experience on Roblox
Brands and retailers are flocking to the online game platform to create virtual worlds filled with digital replicas of their products.
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Presley Ann / Stringer via Getty Images
SmileDirectClub files for Chapter 11 bankruptcy
The dental company's financial issues partially stemmed from the COVID-19 pandemic. Now it plans to liquidate if it can't find a buyer.
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Joe Raedle / Staff via Getty Images
Credit card debt tops $1 trillion, before the holidays even arrive
Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.
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Daphne Howland/Retail Dive
Walmart scraps degree requirements for some corporate jobs
The move reflects a broader focus on skills among employers nationwide.
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Courtesy of Wrangler x Mattel
ColumnThe Weekly Closeout: Lee launches unisex collection and Barbie fever hits Wrangler
The genderless line was created with Chinese streetwear brand Roaringwild. Meanwhile, the blockbuster movie inspired a 40-piece collection.
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Daphne Howland/Retail Dive
Newell Brands, former CEO to pay fines over SEC charges of misleading investors
The Yankee Candle owner will shell out $12.5 million in a settlement as it continues to suffer sales and profit declines.
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Scott Eisen via Getty Images
Blue Apron to be acquired by Wonder Group
The food tech company founded by former Walmart e-commerce executive Marc Lore is buying the meal kit company for about $103 million — a fraction of what it was worth when it went public in 2017.
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Kendall Davis/Retail Dive
Podcast
The Backroom: Marisa Meltzer and the creation of Glossier
The journalist’s new book "Glossy" makes waves as it pulls back the curtain on Glossier founder Emily Weiss and the beauty brand that changed the industry.
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Retrieved from Birdy Grey on February 24, 2023
Birdy Grey builds out C-suite with new COO, CTO hires
The DTC bridal brand brought on a new operating chief following Eloquii co-founder Steve Zawada's exit in June after about six months.
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Kaarin Vembar/Retail Dive
Lululemon enacts layoffs amid Peloton partnership
Approximately 120 Lululemon Studio employees are impacted following the brand's announcement that it will stop selling its Mirror device.
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Caroline Jansen/Retail Dive
Deep DiveWhy EBITDA has such a strong hold on retail
Is it the “Wild West” of measures or a fair predictor of long-term success? Either way, retailers won’t quit talking about EBITDA.
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Permission granted by WHP Global
Toys R Us to open up to 24 US flagship stores
Parent company WHP Global announced a partnership with Go Retail Group for the rollout, which also includes experiences in airports and cruise ships.
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Justin Sullivan via Getty Images
DOJ files lawsuit against eBay for violating Clean Air Act
The online retailer is being accused of the sale of illegal aftermarket defeat devices, which increase auto pollution emissions and harm public health.
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Permission granted by Express
Deep DiveCan Express survive a new era of apparel?
As profits decline and momentum slows, the retailer is working to regain profitability and expand its brand in a tough macroeconomic environment.
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Courtesy of Target
Fenty Beauty is coming to Ulta at Target
The tie-up with the superstar’s inclusive makeup brand is part of a strong beauty play at the retailer, which has been a bright spot in recent quarters.
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Courtesy of Amazon
Amazon Go resumes suburban expansion with Washington store
The new location is the first to open since Amazon closed nearly a third of its brick-and-mortar convenience stores earlier this year.
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Daphne Howland/Retail Dive
As US consumers slow down, Walmart is muscling out its competition
The retail giant is embracing strategies previously mastered by Target, Amazon and others, and that’s paying off, various analysts report.
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Cara Salpini/Retail Dive
Nike says better profitability is on the horizon as net income edges down in Q1
Chief Financial Officer Matt Friend said the retailer expects to be “a more direct and a more digital company and a more profitable company” going forward.
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Courtesy of J.C. Penney
J.C. Penney unveils ‘Abbott Elementary’ themed collection
The retailer wants to celebrate teachers with a collection of breathable, professional apparel fit for a classroom.
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Daphne Howland/Retail Dive
The Weekly Closeout: True Religion expands internationally and The Container Store’s CEO takes a pay cut
The apparel retailer will soon have 26 markets outside of the U.S., while Satish Malhotra temporarily reduced his salary to offset employee pay raises.
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Sean Gallup via Getty Images
Shopify invests in wholesale marketplace Faire
Through the partnership, Faire will become Shopify’s recommended wholesale provider.
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Courtesy of Ralph Lauren Corporation
Ralph Lauren expanding Canada presence with retail, e-commerce
The company plans to add more stores in the country in the coming years to increase value in North America.
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Daphne Howland/Retail Dive
GameStop names Ryan Cohen CEO
The move places the manager of the video game retailer's largest shareholder in charge of the company.
