Petco adds 1M customers in 2022

The retailer is leaning into its health and wellness offerings, introducing a pet food subscription service in partnership with Freshpet.

Retail sales up 7.7% in February, as prices ease in some categories

But volumes are down, and sales declined from January, as consumers prioritize experiences and essentials.

Updated March 15, 2023

JD.com plans a self-operating warehouse in California

The e-commerce giant is looking to expand its presence in the U.S. and bring automation with it.

Parade expands into swimwear

The collection, which uses a material made from recycled bottles, is available in sizes XS to 3XL.

The Vitamin Shoppe owner gets buyout offer topping $1B

Franchise Group’s management in January had reportedly considered taking the company private themselves for a similar price. 

Ex-GNC chief executive to take the reins at Rue21

Josh Burris has experience at several apparel brands and will be leading the low-price teen apparel retailer in the midst of a turnaround.

Amazon plans to cut 9K more jobs in the next few weeks

The downsizing is centered on the e-commerce giant's profit center, AWS, as well as Twitch, advertising and its people, experience and technology teams.

Allbirds creates zero-carbon shoe

The DTC brand, which developed the Moonshot shoe through a regenerative wool program, is open to sharing its process with other companies.

The Weekly Closeout: Adidas left with $1.3B in Yeezy shoes, Dick’s Sporting Goods, NCAA partner for March Madness

The activewear brand ended its relationship with Ye last October with lots of inventory, while Dick’s is the exclusive partner for the championship season.

Fanatics is NHL’s new uniform supplier

The sports merchandise retailer replaces Adidas, which allowed a seven-year deal with the hockey league to end.

On reports a profitable year with DTC, wholesale growth

The brand saw net sales increase by 91.9% in its fourth quarter, and it will be expanding into tennis while it grows its focus on running.

Gap Inc. lightens inventory load after a year of painful discounting

The apparel seller brought its stock levels down 21% as it prepares to bring supply in line with demand. 

Clinique launches virtual lab

The Clinique Lab builds on the brand’s concept space at Macy’s in Herald Square, but with a virtual storefront. 

Resale fashion search engine launches

Chinese tech company DejaWooo received its first seed investment in 2021 and last week announced the launch of its platform.

Mattel CFO sees movie tie-in boosting Barbie sales

The toymaker had a tough 2022, but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.

Foot Locker to shutter 400 mall-based stores by 2026

As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.

Bed Bath & Beyond proposes reverse stock split

The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.” 

Atmos, New Balance launch retail collaboration in Washington, DC

The concept, dubbed the NBSE, features exclusive New Balance footwear and will serve as a gathering place for community events. 

BNPL firms snag consumers at checkout: J.D. Power

As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.

BJ’s ‘last mile delivery model’ improves in-store order fulfillment process

The service involves employees picking items for an order before handing them off to a same-day delivery provider.

Ironic totes help deliver L.L. Bean’s second-best revenue year

The Maine outdoor retailer, best known for its iconic boots, plans to expand inclusive sizing after seeing sales rise 15% in that segment.

Winky Lux expands into Canada through Shoppers Drug Mart

The beauty brand will sell between 40 and 70 products at select store locations and through the retailer’s website.

Hydro Flask launches water bottle trade-in program

In exchange for store credit, consumers can return Hydro Flask bottles that will be disassembled to recycle as much of the material as possible.

Virtual clothing platform DressX raises $15M

Founded in 2020, the metaverse fashion company sells its digital clothing on marketplace platforms like Roblox, Meta and others.

Dollar General to spend $100M on staffing and stores

The retailer plans to sustain its store opening momentum, with more than 1,000 new locations planned this year.