The Latest
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Photo illustration by Kendall Davis/Retail Dive; photograph by ozgurdonmaz via Getty Images
Tracking retail's response to the coronavirus
Ikea began reopening stores June 3 and as of late May, Five Below said it had 75% of stores up and running again.
UPDATED: June 3, 2020 at 12:15 p.m. -
FedEx follows UPS with peak surcharges beginning Monday
Many shippers will have to absorb or pass on the extra cost in an already fraught environment, especially those experiencing a marked uptick in volume.
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Mike Mozart via flickr
Debtwire: Ascena brings on Kirkland & Ellis, others to advise on balance sheet
The apparel retailer was struggling with financial losses and sales declines, among other things, well before the COVID-19 crisis.
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LVMH takes a new look at proposed $16.2B Tiffany merger
The luxury house may try to cut its purchase price in light of the pandemic and now civil unrest in the U.S., but analysts doubt the deal will collapse.
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Walgreens customers offered an incentive to sign up for Apple card
Before the pandemic, multiple companies had introduced branded cards and expanded customer rewards, but will it be enough now to entice shoppers?
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Retrieved from @Nike on Twitter on June 02, 2020
Brands scramble to make statements as protests continue
But how those messages are received depends on the core values of the business, experts say.
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RTW Retailwinds says bankruptcy is 'probable'
Since the COVID-19 crisis, the owner of apparel retailer New York & Co has defaulted on contracts with landlords, vendors and likely its bank.
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PVH announces new Tommy Hilfiger chief
Daniel Grieder has left the apparel company after 23 years in various roles, succeeded by the brand's COO, 12-year company veteran Martijn Hagman.
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Courtesy of Burrow
Reopening in the home category
From single-use slipcovers over furniture to appointments for shopping, retailers in the space must navigate how to resume operations.
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Cara Salpini/Retail Dive
Sephora updates loyalty program for the third time in as many years
The changes included introducing more experiential rewards like meet-and-greets and facials, temporarily on hold as the pandemic's impact lingers.
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Alibaba unveils digital tools for US small businesses
The platform is addressing logistics and in-person merchant-supplier connections, both of which were disrupted by the COVID-19 pandemic.
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Brick and mortar's next chapter
The pandemic is forcing retailers to finally define just what their stores are for.
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Stitch Fix to lay off 1,400 employees
The company is letting go of its California stylists as it moves to hire around 2,000 in other parts of the country.
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Courtesy of UPS Press Kit
Drones and delivery trucks could work together, but regulatory hurdles remain
Using drones and trucks for a hybrid delivery system could be the future of last-mile logistics, according to an MIT research paper.
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"The Target on Lake Street is looted and graffitied on Thursday morning after a night of protests and rioting in Minneapolis, Minnesota" by Lorie Shaull is licensed under CC BY 2.0
Retailers respond to weekend protests
Target and Nordstrom closed stores after locations were damaged, but focused their statements on support for the protestors' cause.
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Bankrupt Neiman Marcus breached its loan terms, lender says
Deutsche Bank raised concerns that inventory backing the luxury retailer's asset-based credit line was overvalued by tens of millions of dollars.
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Daphne Howland/Retail Dive
Pier 1 gets approval to liquidate stores, wind down operations
Liquidation sales will begin as soon as stores are able to reopen, and the company expects the process to wrap up by the end of October.
UPDATED: June 1, 2020 at 10:45 a.m. -
Daphne Howland/Retail Dive
The incredible shrinking department store
The COVID-19 pandemic has made certain that the century-old retail model will never be the same. Which ones survive, and what will they look like?
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Lowe's
Lowe's launches video tool geared toward professionals
Targeting its pro clientele, the home improvement retailer introduced "Lowe's for Pros JobSIGHT," which allows them to virtually serve their customers.
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Cara Salpini for Retail Dive
Nike calls on America to confront racism in new video
The ad inverts the brand's classic slogan, "Just Do It," by calling on people to "For Once, Don't Do It," when it comes to pretending there isn't a problem.
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"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
How Tuesday Morning went bankrupt
After more than 45 years as an off-pricer, the retailer hit the skids when COVID-19 forced its doors shut and zeroed out revenue. Now it hopes to slim down in Chapter 11.
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Party City buys time with debt deal
The agreement with some lenders would trade old debt for equity and new debt, giving the ailing party retailer breathing room to work on its turnaround.
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Courtesy of Costco Wholesale
Costco will revive store sampling this summer
The club retailer, which saw U.S. store traffic decline 2% in Q3, hopes to spur shopper interest by bringing back fundamental parts of its store experience.
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Rethinking the catwalk could slow down fast fashion
A movement to tear up the traditional fashion week calendar has profound implications for the apparel trade — and beyond.
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Tractor Supply plans first mobile app
Over 70% of the retailer's online traffic is coming from mobile devices, and the company's tech efforts are aimed at improving that shopping experience.
