Page 2

For future growth, Reebok is looking to its past

A new owner could be an opportunity for the brand to reclaim some of its previous clout. But it's been a long time since Reebok's prime.

Belk CEO departs after less than a year in the job

Chief Operating Officer Don Hendricks is taking the post in the interim, replacing Nir Patel, who is leaving to become COO at GameStop.

Buy now, pay later players' losses grow as costs soar

BNPL providers are paying a hefty price to keep up with surging consumer demand for their financing services, spending large sums to add new tech and more employees. 

GameStop poaches former Belk CEO as its new COO

Nir Patel is the retailer's second operations chief in a little over a year. 

Inflation finally slowed online in April but remained 'punishingly high' overall

Consumer demand remains relatively high, but there are signs it might wane if inflation keeps up. Meanwhile, buying habits are shifting.

Stitch Fix to stylists: 'Take ownership of the disappointment, no matter the role the data played'

Is the apparel e-retailer a tech company? Or not?

Continuing apparel push, Wilson debuts performance tennis collection

Tennis apparel has been a priority since the company launched its Wilson Sportswear unit last year and is the "main growth vehicle" of that business.

Dillard's strong apparel sales stoke Q1 revenue and margins

The regional department store tends to outpace most players, but may not be able to escape the pressures coming in the second half of the year.

Solo Brands appoints new CFO

Somer Webb comes from sporting goods manufacturer Kent Outdoors. The DTC company also announced the addition of two new board members.

Instacart files confidentially for IPO

The announcement is a long-awaited step for the San Francisco-based company, which did not disclose further details on its potential offering. 

Dollar Tree taps former Dollar General execs for help with supply chain, merchandising

The hires are the latest with experience at the dollar store's rival to join, along with new executive chair Richard Dreiling.  

Crate and Barrel names SVP of the metaverse

Looking to unify growth across its brands, the home goods retailer also promoted two other executives to new roles.

J.C. Penney taps new marketing chief

John Aylward takes the job next month, in the midst of the struggling department store's latest attempt to reset.

Kohl's board survives activist challenge

Shareholders' rejection of a further board shakeup signals confidence in CEO Michelle Gass, but doesn't necessarily rule out a sale.

Carhartt hires new SVP of DTC

The premium workwear brand recently opened its 35th U.S. retail location, signaling its interest in direct-to-consumer growth.

Allbirds' first wholesale deals are with Zalando and Public Lands

The company's own physical footprint is also performing well, with U.S. stores growing "well in excess of 150%" in the first quarter.

Nike adds counterfeiting claims to NFT lawsuit against StockX

The shoe brand said it obtained four pairs of fake shoes that came with an authenticity guarantee.

Updated May 11, 2022

Trove president promoted to CEO

Gayle Tait, who previously worked at Google and L’Oréal, is taking the company’s helm, while founder Andy Ruben moves to an executive chairman role. 

Retail tech funding drops 11%: report

Store management tech was the only sector to see an increase in funding in Q1, according to a CB Insights report.

Court dismisses New York's lawsuit against Amazon over COVID-19 protections

State Attorney General Letitia James's action against Amazon was deemed as preempted by federal law, with proceedings pending at the National Labor Relations Board. 

Updated May 11, 2022

Sally Beauty updates mobile app to offer 2-hour delivery with DoorDash

CEO Denise Paulonis said that 80% of the beauty retailer's customers engage with it via mobile devices.

Self-checkout tech maker Mashgin raises $62.5M

The company's touchless checkout system doesn't need barcodes and instead uses AI and computer vision to identify products. 

The Weekly Closeout: Nike names VP of direct acceleration and Petco partners with Backcountry

Maggie Gauger is taking on the new role at Nike, while Petco collaborated with the specialty outdoors retailer to create an exclusive collection of pet gear.

Shoes.com website trades hands again, this time to DSW owner

The domain has been bought and sold by industry players the past two decades, with Walmart and a private equity firm among its most recent owners.

Simon Property Group 'focused internally' as short-term leases rise

CEO David Simon told analysts to ignore acquisition rumors, presumably regarding reports the REIT has bid on Kohl's, and said shorter agreements are part of a strategy.