The Latest
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Target’s fall store openings focus on larger formats
The mass retailer is opening seven new locations in October, with a majority topping its square-foot chain average.
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Walgreens dedicates in-store space to party supplies, expands assortment
The drugstore retailer, now under a new owner, is making a play for the market segment following the bankruptcy of Party City.
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Sundance retail in ‘final days,’ undergoes closing sales
The company, previously known as Sundance Living, recently had an involuntary Chapter 7 bankruptcy petition filed by creditors.
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Gen Z pullback could send holiday sales down 5%: PwC
Older generations are cutting back a bit or even spending more, but these younger consumers’ budgets are down nearly a quarter, the firm found.
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Macy’s Inc. in search of a new Bluemercury CEO
Maly Bernstein, who has led the beauty business for four years, decided to step down and will leave the company at the end of September.
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Klarna counts on retailers for growth
The buy now, pay later giant says the availability of its services at retailers such as Walmart and Macy’s correlates strongly to future growth.
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More than half of consumers are wary of AI-powered search: Gartner
While consumers admit artificial intelligence is impacting how they search for products and services, 61% wish they could turn off AI summaries.
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GameStop sales jump on collectibles, hardware growth
The retailer reported a second quarter net income of $168.6 million and valued the period's Bitcoin holdings at nearly $529 million.
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Holiday sales could grow up to 3.4%: Deloitte
The firm predicts that sales between November and January could reach $1.62 trillion, with e-commerce sales projected to grow up to 9%.
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Hasbro moves toys, board games headquarters to Boston
Around 700 employees will transition from Rhode Island to Boston’s Seaport District by the end of 2026.
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Dollar Tree taps new chief merchandising officer
The retailer's current chief merchant will retire next year and Brent Beebe will be promoted to the role in April.
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Ralph Lauren rolls out AI-powered assistant to dole out fashion advice
Ask Ralph can suggest products and offer advice based on prompts like “What should I wear to a concert?” and “How can I style my navy-blue men’s blazer?”
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Etsy expands CTO role as product chief exits
Longtime Etsy executive Rafe Colburn has taken on duties from Nick Daniel, who was chief product officer until Friday.
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Designer Brands continues to withhold guidance as Q2 sales, profits decline
The footwear retailer, which relies on a strong back-to-school season, emphasized sequential gains but said the macro environment remains tough.
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Walmart deepens collectibles offering with live shopping series
The weekly episodes, in partnership with TalkShopLive and WeTheHobby, will give viewers access to exclusive product drops, giveaways and content.
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Dick’s names a slate of executives to lead Foot Locker as deal closes
Among them, a 26-year Nike veteran will be president of Foot Locker North America and PepsiCo’s chief sports officer will be chief of marketing.
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Unemployment ticks up as tariff-related uncertainty slows hiring
This could be a one-two punch to the U.S. economy, with retail bankruptcies and store closures adding to the woes.
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Skechers opens first US-based performance store
The 26,000-square-foot store in Miami follows the brand’s opening of locations in Canada, Chile, Belgium and Germany.
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Bark names president of core business
In this newly created role, Michael Black will oversee the online pet retailer’s DTC and wholesale businesses.
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Column
The Weekly Closeout: Skechers deal clears hurdles while Gap eyes store improvement
3G Capital will take the footwear brand private. Meanwhile, Gap Inc. CEO Richard Dickson sees work to do in brick and mortar.
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Barnes & Noble to acquire bankrupt Books Inc. for $3.25M
The California-based book chain would maintain its independent fleet of nine stores and join Tattered Cover in Barnes & Noble’s portfolio.
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Retail recorded nearly 40 CEO exits through July
Chief executive departures in the industry doubled compared to the same period last year, with exits announced from Target, L.L. Bean and others.
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Ulta targets wellness growth as consumers spend on beauty
The retailer’s latest performance demonstrates consumer resilience in the category, though analysts poked at the company’s operating margin expectations.
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Amazon integrates Lens visual search with its AI shopping assistant
Lens Live lets customers browse a swipeable product carousel and add items to their cart within the camera view.
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Consumer sentiment declines as price sensitivity persists
Consumers are tightening their purse strings and prioritizing essentials while cutting back on discretionary goods.