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Beauty leader Leonard Lauder dies at 92
The executive, who was chairman emeritus of The Estée Lauder Companies, joined the family business over sixty years ago and spearheaded many of its acquisitions.
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At Home blames bankruptcy on tariffs, consumer uncertainty
The private equity-owned company’s latest Chapter 11 filing comes at an awkward time for a retailer dependent on holiday sales for 40% of its revenue.
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Nuuly is dominating the apparel rental market
The company has more than double the number of active subscribers as Rent the Runway, its next-largest U.S. apparel subscription competitor, according to Wells Fargo analysts.
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"Roots store in Yorkdale Mall" by Roots Corp. is licensed under CC BY-SA 4.0
5 years after US bankruptcy, Roots notches third quarter of sales growth
As part of a multiyear strategy, the Canadian brand is closing underperforming stores, upgrading its fleet and investing in marketing.
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Saks Global says it’s back on track with vendors, won’t close stores
The company told BMO Capital Markets it has mostly repaired supplier relationships, though luxury brands tell other analysts its ability to pay remains a top concern.
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Canada Goose prioritizes year-round relevance with second Haider Ackermann collection
The collection uses lightweight fabrics to reimagine classic cold weather styles and comes as the retailer looks to broaden its assortment.
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Chewy’s sales jump despite challenging economic environment
The pet e-commerce company reported a gross margin decline in Q1 but remained positive about its full-year outlook.
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Vera Bradley CEO, CFO to depart
The company, which posted a 24% net revenue decline in the first quarter, suspended guidance and announced the creation of a strategy and transformation committee.
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Peloton names fourth chief marketing officer in 5 years
With past experience at Apple, Amazon and Netflix, Megan Imbres’ background aligns with how Peloton is looking to grow its business.
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Tree Hut gets a ‘grown-up’ sister brand
Bdy emphasizes high-quality, affordable products and uses skin care-inspired ingredients to address common concerns like dryness and uneven tone.
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Ashley’s new Las Vegas store is its largest in North America
The location boasts an 88,000-square-foot showroom and a 218,000 square-foot warehouse, and is meant to be a community hub.
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EBay takes live shopping on tour
The company will bring live shopping and collector-focused experiences to cities spanning the U.S. to showcase collectibles, luxury goods, sneakers and apparel.
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Column
The Weekly Closeout: Nike appoints innovation chief and retailers face cyberattacks
The athletics retailer filled in the role behind John Hoke, while Victoria’s Secret, Adidas and The North Face have recently reported security breaches.
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Trump says tariff deal with China is ‘done’
The proposed agreement, pending approval from both countries, sets 55% tariffs on imports from China and a 10% rate on U.S. products, the president said Wednesday.
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Victoria’s Secret expects $10M hit to Q2 operating income from cybersecurity breach
Newly arrived marketing chief Elizabeth Preis has been tasked with customer acquisition as the lingerie giant continues to lose market share.
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Tariffs squeeze off-price retailers more than expected
The major players likely have greater exposure to import levies than previously thought, though their value proposition remains an advantage.
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Franchise Group exits Chapter 11
The company leaves bankruptcy having sold The Vitamin Shoppe, shut down American Freight and restructured its remaining banners under a new entity.
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GameStop sales drop in key categories amid ongoing strategic shift
However, the company swung to a net income in Q1 and reported an improvement in its operating loss.
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Q&A
How Stitch Fix’s brand platform is helping drive transformation
Chief Marketing Officer Debbie Woloshin speaks about artificial intelligence and staying agile in her first interview since joining the company.
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Lowe’s launches creator network to build bonds with millennials, Gen Z
Leading creator MrBeast has joined the effort, which will see the brand serve as exclusive building partner for the second season of “Beast Games.”
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Walmart debuts Sparky, its generative AI assistant for customers
Joining Wally, an AI assistant for merchants, Sparky will summarize reviews for customers and help shoppers plan purchases.
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Deep Dive
What went wrong at Target?
The mass merchant is looking to turn around falling sales and declining customer sentiment. But first, it needs to diagnose its own problems.
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Marks & Spencer restores some online-order operations following cyberattack
The department store chain was one of the first targets in an international spree of attacks disrupting retailers.
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Amazon to shutter Nevada fulfillment center in August
The previously announced closure comes as the e-commerce giant builds a same-day delivery facility in the region.
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Designer Brands pulls guidance but is ‘cautiously optimistic’ about back to school, holiday
Tariffs have scrambled supply and demand more than anticipated. But its confusing value proposition isn’t helping, one analyst says.
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