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Walmart acquires omnichannel tech specialist Volt Systems
The deal comes with new talent and technology aimed at vendor management, seamless shopping and anticipating demand.
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The Body Shop expands delivery partnership with Uber
Seventy-five stores will make over 2,000 products available for same-day delivery through the Uber Eats app.
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Column
The Weekly Closeout: Lululemon launches its third shoe and Williams Sonoma’s president resigns
The new Chargefeel cross-training shoe comes in 14 colorways, and Ryan Ross will be replaced by former Chief Marketing Officer Felix Carbullido.
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Cowen downgrades Kohl’s as middle-income shoppers spend less on apparel
The retailer and its peers could lose share to discounters as their customers get squeezed by rising prices and cut back on clothing purchases.
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US online retail sales to reach $1.6 trillion by 2027: report
Total retail sales are expected to reach $5.5 trillion by that same year, according to Forrester.
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GU to open first store in US
The Uniqlo sister brand will launch a pop-up in New York City this fall.
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Tapestry combines COO, CFO roles
The company announced the retirement of COO Tom Glaser, and said Scott Roe will be taking on the title in addition to his current position as CFO.
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Chewy expands insurance offering with launch of CarePlus
Following others in the sector, the retailer is leaning deeper into service offerings to maintain loyalty with consumers.
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Amazon to acquire iRobot for $1.7B
The news means the retailer will have another pathway into the homes of consumers, adding to its existing portfolio of technology.
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ThredUp hires first chief marketer in years
Noelle Sadler joins the company from Lulus and will focus on raising brand awareness and acquiring more young shoppers.
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Wayfair back in the red in Q2 as customers quit
The furniture e-retailer is doing even worse than the overall sector, which has seen demand drop following a pandemic-related surge.
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Torrid hires Guitar Center vet as COO, CFO
Tim Martin was named to the dual position, while the company also announced a new CTO.
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Dick’s Sporting Goods offers accelerated payments to boost supplier diversity
The retailer is expanding its partnership with platform C2FO to provide more working capital opportunities for businesses.
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Podcast
The Backroom: Planet retail
Retailers know they have an important role in addressing climate change. But navigating sustainability is riddled with challenges.
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Bob’s Red Mill to halt DTC operations
After selling over the phone, via mail and through its website for years, the flour producer is focusing on wholesale.
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American Dream misses $8.8M loan payment
The string of bad news, financial and otherwise, continues at the Triple Five Group-owned experiential mall near the Meadowlands in New Jersey.
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Neiman Marcus names former Williams Sonoma exec president
Ryan Ross will come into the newly established role in order to strengthen the brand and customer experience.
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Walmart lays off 200 from its corporate workforce
The retail giant said it’s evolving and while it is cutting some roles it will also create new ones in other areas.
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Will Macy’s off-mall bet pay off?
As the traditional mall declines, a lot is riding on how well the department store can execute its small-format, strip-center strategy. And whether it should.
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Crocs Q2 revenue increases 51% as Heydude nearly doubles sales
While others in the industry are struggling, the retailer continues to post record numbers. But its full-year guidance took a hit.
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Facebook to shut down live shopping feature
The social media company said the functionality will end on October 1, and suggested experimenting with short-form Reels videos instead.
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Gap reaffirms inclusivity theme in back-to-school campaign
“Everyone Belongs” features kids enjoying hobbies they love and associates value with clothing in which people feel most themselves.
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Allbirds lays off 8% of its global corporate workforce
Twenty-three people were let go last week after the footwear brand, facing rising costs, evaluated roles and processes to prep for its next phase of growth.
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Twitter expands location tool, courses for small businesses
The platform has been releasing new social commerce features to connect customers with brands on the platform.
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More layoffs at Glossier as the brand moves into wholesale
The company is parting ways with about two dozen employees as it preps for a life outside of single-channel distribution.