The Latest
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Courtesy of Stitch Fix
Can Stitch Fix’s new transformation team prove its model at last?
The online clothing-box retailer may have an opportunity to undo its mistakes and take advantage of weakness at rivals, analysts say.
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ArtistGNDphotography via Getty Images
Sponsored by MonetateFueling customer spending with automated digital merchandising that scales
Aided by AI, merchandisers can draw from a wealth of data points to make recommendations hyper-relevant to each buyer.
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Retrieved from NoBull on January 30, 2024
Tom Brady takes his fitness, apparel brands to Nobull
The retired NFL star's enterprises shuttered their Boston-area stores last year.
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July Ko via Getty Images
Prestige beauty brand sales growth surpasses mass market beauty brands: Circana
Despite current economic uncertainty, beauty retail sales are predicted to continue growing in the coming years.
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Retailers are finding more of what they want off mall
Lower rents and greater flexibility are luring stalwart anchors and specialty retailers to outlets and strip centers, analysts say.
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Scott Olson via Getty Images
With new stock grants, Walmart store manager pay could exceed $400K
The annual stock grants vary by store format. At Supercenters, it amounts to $20,000.
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Courtesy of Lego Group
Toy sales dropped 8% last year: report
However, the industry has experienced a $5.7 billion increase in sales since 2019.
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Permission granted by Petco
ColumnThe Weekly Closeout: Petco deepens healthcare ties as Sephora’s leadership shakeup continues
The pet retailer partnered with Nationwide on customizable pet insurance, while the beauty retailer’s top ranks saw more movement.
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Cara Salpini for Retail Dive
Sporting goods still challenged by inflation, inventory levels, report finds
2024 will be a mixed year for the athletics sector, according to the World Federation of the Sporting Goods Industry and McKinsey & Company.
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Courtesy of Mango
Mango opens virtual store on Roblox
More brands and retailers have flocked to the online game platform to create digital renditions of their stores and products.
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Kendall Davis/Retail Dive
Podcast
The Backroom: What’s in store for DTC in 2024?
2023 was rough for many companies. Ahead, the sector could see more bankruptcies and C-suite shakeups as brands continue to grapple with profitability.
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Courtesy of Amazon
Amazon’s $1B investment fund eyes last-mile tech, AV startups
The Industrial Innovation Fund is expanding its scope to include transportation-related investments, according to its director.
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Kirkland’s secures $12M in additional debt financing
The retailer, which earlier this month named a new CEO, said the additional financing will support its repositioning efforts.
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Photo by Jeff Schear/Getty Images for Birkenstock via Getty Images
Despite stock slide, Birkenstock is positioned for growth: analysts
Company executives said the footwear brand has room for pricing adjustments to help offset inflation effects on the bottom line.
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Courtesy of iRobot
Amazon won’t buy iRobot after all
In 2022 the e-commerce giant had agreed to acquire the Roomba maker for $1.7 billion, but the deal faced antitrust scrutiny in the U.S. and Europe.
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Courtesy of Etsy
Etsy launches AI-based gift recommendation service
Gift Mode uses human curation and machine learning to offer shoppers a selection of products for gift recipients.
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Courtesy of RILA
Deep Dive7 reasons why everyone’s confused about shrink and theft
There’s even less data about retail crime now that the National Retail Federation has retracted a key claim about its impact. What’s going on?
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cofotoisme via Getty Images
Retailers have finally tamed their inventories: report
Sales growth outpaced inventory in the third quarter for the first time since the pandemic began, according to Telsey Advisory Group analysts.
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Courtesy of Kith
Kith debuts loyalty program with members-only merch
The brand is offering exclusive apparel, footwear, accessories and other perks to its members.
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Courtesy of Athletic Brewing
How Athletic Brewing plans to prevail past Dry January
The nonalcoholic beer category leader is focusing on educating moderation-minded drinkers about the nutritional benefits of its products.
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Courtesy of Florence by Mills Fashion
Millie Bobby Brown launches fashion line
Florence by Mills Fashion will release its first collection online in the U.S. and U.K. in early February. Shoppers can expect frequent drops every month.
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Ian Gavan via Getty Images
Superdry CFO to step down as the company warns of rough market conditions
The departure marks the fourth finance chief to leave the troubled retailer in five years.
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Retrieved from Dr. Squatch on January 18, 2024
ColumnDr. Squatch uses hypnosis to inspire ‘Big Bricc Energy’
The digitally native men’s grooming brand goes beyond raunchy puns to address men's mental health through hypnotic videos.
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Courtesy of REI Co-op
REI to lay off 357, including 200 at corporate headquarters
The move is the company’s third round of layoffs in less than 12 months.
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Daphne Howland/Retail Dive
Levi’s to lay off as much as 15% of its workforce
Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.
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Craig Barritt via Getty Images
‘It’s a tough industry out there’: A look at the furniture supply chain’s challenging year
Operational headaches have contributed to financial failures among some suppliers. That has created problems for retailers — and opportunities.
