The Latest
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Michael Buckner / Staff via Getty Images
Warby Parker lost $15M in sales as a result of pandemic disruptions in Q1
Despite the lost sales, the eyewear brand grew revenue by 10.3% year over year and 18% from 2019. But profitability continues to weigh on the company.
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oatawa via Getty Images
Sponsored by SailthruMarket insights: Analysis of 500 brands reveals gaps that retailers can turn into competitive advantages
Four takeaways stand out as critical to retail performance in the months ahead.
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Daphne Howland/Retail Dive
GameStop poaches former Belk CEO as its new COO
Nir Patel is the retailer's second operations chief in a little over a year.
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Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Eddie Bauer CEO exits and Target workers move to unionize
Damien Huang had only been CEO for about a year, while Target's Christiansburg, Virginia, employees seek higher wages.
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Fotolia
Inflation finally slowed online in April but remained 'punishingly high' overall
Consumer demand remains relatively high, but there are signs it might wane if inflation keeps up. Meanwhile, buying habits are shifting.
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Courtesy of Wilson Sporting Goods
Continuing apparel push, Wilson debuts performance tennis collection
Tennis apparel has been a priority since the company launched its Wilson Sportswear unit last year and is the "main growth vehicle" of that business.
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Dillard's strong apparel sales stoke Q1 revenue and margins
The regional department store tends to outpace most players, but may not be able to escape the pressures coming in the second half of the year.
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Courtesy of Solo Brands
Solo Brands appoints new CFO
Somer Webb comes from sporting goods manufacturer Kent Outdoors. The DTC company also announced the addition of two new board members.
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Courtesy of Instacart
Instacart files confidentially for IPO
The announcement is a long-awaited step for the San Francisco-based company, which did not disclose further details on its potential offering.
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Courtesy of Dollar Tree
Dollar Tree taps former Dollar General execs for help with supply chain, merchandising
The hires are the latest with experience at the dollar store's rival to join, along with new executive chair Richard Dreiling.
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Courtesy of Best Buy
Best Buy just launched a $200 home pick-up recycling program. Is it necessary?
For consumers looking to avoid e-waste, retailers are filling a gap left by manufacturers.
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"Outside of Crate and Barrel, Natick Mall" by Massachusetts Office Of Travel & Tourism is licensed under CC BY-ND 2.0
Crate and Barrel names SVP of the metaverse
Looking to unify growth across its brands, the home goods retailer also promoted two other executives to new roles.
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Courtesy of J.C. Penney
J.C. Penney taps new marketing chief
John Aylward takes the job next month, in the midst of the struggling department store's latest attempt to reset.
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Courtesy of Weee
Amazon faces worker demands — from shareholders
The Securities and Exchange Commission's new focus on "social policy significance" means some activist proposals will get a vote at the e-commerce giant's annual meeting this month.
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Courtesy of Kohl's
Kohl's board survives activist challenge
Shareholders' rejection of a further board shakeup signals confidence in CEO Michelle Gass, but doesn't necessarily rule out a sale.
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Photo Illustration: Shaun Lucas/Industry Dive; Getty Images
Deep DiveSneaker supremacy: Nike and Adidas battle for brand love
Duking it out over six decades, the athletic wear companies influenced sports marketing and culture like few others. Who dominates in the stretch ahead may hinge on innovation and acting on pledges.
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Daphne Howland/Retail Dive
Carhartt hires new SVP of DTC
The premium workwear brand recently opened its 35th U.S. retail location, signaling its interest in direct-to-consumer growth.
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Courtesy of Allbirds
Allbirds' first wholesale deals are with Zalando and Public Lands
The company's own physical footprint is also performing well, with U.S. stores growing "well in excess of 150%" in the first quarter.
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Cara Salpini/Retail Dive
Deep DiveFor future growth, Reebok is looking to its past
A new owner could be an opportunity for the brand to reclaim some of its previous clout. But it's been a long time since Reebok's prime.
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Cara Salpini/Retail Dive
Nike adds counterfeiting claims to NFT lawsuit against StockX
The shoe brand said it obtained four pairs of fake shoes that came with an authenticity guarantee.
Updated May 11, 2022 -
Trove president promoted to CEO
Gayle Tait, who previously worked at Google and L’Oréal, is taking the company’s helm, while founder Andy Ruben moves to an executive chairman role.
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Don Arnold via Getty Images
Deep DiveBuy now, pay later players' losses grow as costs soar
BNPL providers are paying a hefty price to keep up with surging consumer demand for their financing services, spending large sums to add new tech and more employees.
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Retail tech funding drops 11%: report
Store management tech was the only sector to see an increase in funding in Q1, according to a CB Insights report.
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Courtesy of Amazon
Court dismisses New York's lawsuit against Amazon over COVID-19 protections
State Attorney General Letitia James's action against Amazon was deemed as preempted by federal law, with proceedings pending at the National Labor Relations Board.
Updated May 11, 2022 -
Courtesy of Stitch Fix
Deep DiveStitch Fix to stylists: 'Take ownership of the disappointment, no matter the role the data played'
Is the apparel e-retailer a tech company? Or not?
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Sally Beauty updates mobile app to offer 2-hour delivery with DoorDash
CEO Denise Paulonis said that 80% of the beauty retailer's customers engage with it via mobile devices.
