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Costco’s ‘voice’: The long goodbye
Richard Galanti retired from the warehouse club on Jan. 30, after pivoting to an advisory role following his departure from the CFO seat he held for roughly four decades.
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Bargain Hunt files Chapter 11 with plans to close all stores
Losing a customer returns partnership with Amazon contributed to the company’s difficulties, along with annual losses and a competitive environment.
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DTC bridal brand Birdy Grey names CEO
Jill Layfield takes the helm after holding several leadership positions in the industry, including as Backcountry’s CEO.
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What retailers can expect in 2025
As a new year kicks off, the industry is up against challenges concerning tariffs, DEI policies and crime.
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Consumers expect inflation increase amid tariff talks
Sentiment is at its lowest point since July, as consumers feel uncertain about the current state of the economy, according to a Wells Fargo report.
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Skechers reaches record growth, but stock tumbles following weak outlook
The footwear giant is also preparing to change its sourcing strategies amid tariff challenges.
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The Weekly Closeout: Lush hurls bath bombs in DEI fight, Athleta expands athlete roster
The beauty brand made a statement with its bestsellers, while the activewear company welcomed two WNBA athletes to its Power of She Collective.
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De minimis exemption temporarily returns for products from China
Duty-free treatment for sub-$800 products will end again once systems are put in place to collect tariff revenue more effectively, per the White House.
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Amazon’s faster delivery, lower prices drive holiday sales boom
As stores offer empty shelves and locked-up merchandise, the e-commerce giant makes itself convenient to budget-minded shoppers.
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Podcast
The Backroom: A new retail apocalypse?
The team discusses a recent report that U.S. retailers are set to shutter many more stores than they plan to open in 2025 — and what that really means.
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Dollar General focuses on stores with exec appointments
Steve Deckard will oversee the expansion of the retailer’s footprint, and Tracey Herrmann was promoted to executive vice president of store operations.
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Tempur Sealy closes $5B Mattress Firm takeover, plans rebrand to Somnigroup
A federal court in January denied antitrust regulators’ latest move against the deal, which creates a conglomerate of three decentralized business units and the largest bedding company in the world.
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The image by BrokenSphere is licensed under CC BY-SA 3.0
Liberated Brands files for Chapter 11 bankruptcy
The move comes after the group lost part of its licensing agreement with Authentic Brands Group for the Boardriders portfolio, which includes brands such as Billabong and Roxy.
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Under Armour e-commerce sales fall 20% as it pulls back on promotions
Still, overall revenue came in better than expected and CEO Kevin Plank said the brand has more wholesale partnerships in the works.
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Simon adds 3D holograph ad experience to malls
The real estate investment trust plans to deploy 150 units, which do not require headsets or outside equipment, by the end of the year.
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Peloton sales fall 9% in Q2 as memberships slide
With a new CEO, the fitness brand is focused on expanding its core audience and distribution network.
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Janie and Jack debuts online third-party marketplace
The move expands the children’s apparel brand into other product categories including home furnishings, toys and baby gear.
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Walmart buys Pittsburgh-area mall for $34M
In the first major purchase of its kind for the company, the retailer tapped a Texas firm to lead redevelopment of the 1.2 million-square-foot property.
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Allbirds makes zero-carbon shoe available to the public
The “M0.0NSHOT” shoe, which was first teased in the spring of 2023, will be available for purchase in select cities including New York and Tokyo.
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J.C. Penney launches business-to-business website for bulk orders
The department store has a new digital tool that offers its catalog and personalized product support to companies and nonprofits.
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Simon Property Group turns to ‘B’ malls for growth
Over the next two years, the real estate investment trust will work to make upgrades and fill empty spaces at lower-performing centers.
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Amazon speedy deliveries top 9B worldwide
As Prime marks its second decade, and thanks to tens of billions of dollars in investments, all those packages arrived within at least two days.
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Where the fight against retail crime goes in 2025
As the industry still struggles to measure and mitigate shrink, there’s now less data than ever.
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China responds to Trump with added tariffs on certain products
The duties are set to take effect Feb. 10 and come just a day after last-minute deals with Mexico and Canada delayed tariffs in those countries.
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Perfect Moment taps Canada Goose execs to lead operations, sourcing
Chath Weerasinghe joins as chief financial and operating officer, while Vittorio Giacomelli will lead product strategy, development and innovation.