The Latest
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Podcast
The Backroom: How the consumer is doing so far this year
Discretionary goods are a low priority amid an uncertain economy and a desire to spend on experiences, but retailers are holding their own. What about the rest of 2023?
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Studs opens piercing studio in DC’s Georgetown neighborhood
The direct-to-consumer piercing and jewelry brand now has 19 locations focused on providing a modern, personalized experience.
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Mielle signs LSU basketball star Angel Reese as ambassador
The NCAA athlete’s name, image and likeness deal with the brand will include marketing, social media, events and a limited-edition product bundle.
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Deep Dive
After last year’s inventory tidal wave, where do retailers go from here?
Bare shelves are still a recent memory, but many are learning to live on leaner inventories after overstocking in 2022.
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In massive executive shuffle, Nike names new Jordan president
Craig Williams will take on a new role as president of geographies and marketplace, while Sarah Mensah takes on Jordan. The retailer also named a new head of North America.
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Best Buy CEO: ‘2023 will be the bottom’ for falling electronics sales
Profits and revenue declined in Q1, driven by falling computer, appliance, home theater and mobile phone sales, executives said Thursday.
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Column
The Weekly Closeout: Toys R Us goes to the airport and retailers exit San Francisco
The toy company will open a store at Dallas Fort Worth International Airport, while retailers are shutting locations in the California city.
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Canada Goose to open 3 new US stores
The luxury apparel brand is focused on expanding its DTC presence, with plans to open 16 new locations across Japan, China and the U.S. in fiscal year 2024.
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NYC focuses on repeat offenders, social services to combat surge in retail theft
Just 327 serial shoplifters accounted for a third of the more than 22,000 retail theft arrests made in the city last year, officials said.
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Dollar General creates new role focused on emerging markets
Steve Deckard, who joined the retailer in 2006, will oversee the company’s Mi Súper Dollar General in Mexico, Popshelf and DG Well Being initiatives.
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Laneige joins virtual store trend to showcase new collection
Powered by e-commerce platform Obsess, the store has five rooms featuring different skincare collections and brand content.
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How DTC brands fared in Q1
Some were able to stymie losses during the period, while others sank deeper into the red as revenues fell.
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Blue Apron sells fulfillment centers in shift to asset-light model
The buyer, FreshRealm, plans to exclusively provide production and fulfillment needs for the company's meal kit products.
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Express closes on Bonobos acquisition as sales fall 15%
The apparel retailer has hired advisers to help it cut costs as losses pile up.
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C-store retailers weigh in on automation, AI and data challenges
While operators acknowledged these technologies can help with tasks like shift scheduling and assigning duties, some remain hesitant to go full-speed ahead.
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Citing progress in Q1, Kohl’s will open new stores, avoid closures
The department store is working on its turnaround this year, leaning heavily on its Sephora partnership to drive sales and traffic.
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Peloton repositions itself as ‘more than a bike company’
The new campaign showcases users of all ages and fitness levels using the brand’s various offerings beyond its in-home bike hardware.
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Purple homes in on premium market with 2 new collections
The DTC mattress brand is repositioning itself as it focuses on three distinct segments of the market, CEO Rob DeMartini told Retail Dive.
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Dick’s plans 9 House of Sport stores in 2023 as sales rise 5.3%
Unlike Foot Locker, the sporting goods retailer said its consumer is holding up well as it reaffirmed its full-year outlook.
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Indochino saw ‘record setting’ revenue in Q1
The privately held DTC brand attributed the sales to its expanded women’s offering, diversified partnerships and strong shop-in-shop execution.
Updated May 25, 2023 -
The Container Store announces layoffs
The retailer employs over 5,000 people, but would not disclose the number of jobs impacted.
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Google debuts generative AI product imagery tool for sellers
Product Studio allows merchants to take existing imagery and create new backdrops for it, remove backgrounds and improve image resolution.
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With supply leveling off, the off-price party may be over
But a return to normal is probably a good thing, according to William Blair analysts.
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Lowe’s lowers full-year guidance as DIY spending softens in Q1
Despite near-term economic pressures, the home improvement chain said it has a generally positive long-term outlook.
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Textile recycling, reuse missing from FTC’s Green Guides, group says
Companies and advocates in the textile and fashion industries are urging the Federal Trade Commission to add the issue to its ongoing workshops.