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Deep Dive
Why more tech in stores shouldn’t mean fewer workers
Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.
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Michaels lowers prices on over 5K products
The arts and crafts retailer has dropped prices to 2019 levels or lower, as it aims to help customers “stretch their dollar,” according to the CEO.
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Dollar Tree poised to gain most as 99 Cents Only disappears
Despite the bankrupt discounter’s small footprint, its store closures offer a meaningful opportunity for rivals to grab share, analysts say.
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Amazon begins offering Dash Carts to other grocers
The plan comes a few weeks after the company announced it was pulling Just Walk Out technology from Amazon Fresh stores.
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Levi’s reopens Bangkok store as it eyes growth in the region
The location, which features one of the brand’s tailoring shops, is part of a broader DTC strategy to grow its fleet of owned and operated stores.
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Asics creates a circular shoe, returns program
The sporting goods company designed a shoe ready to undergo recycling at the end of its use.
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Kendra Scott teams up with LoveShackFancy on capsule collection
The six-piece collection ties in design elements from both brands and will be available for purchase online and in Kendra Scott’s stores.
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Adidas raises guidance for the year as Yeezy leftovers keep on giving
But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.
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Under Armour’s chief people and administrative officer to step down
Tchernavia Rocker is leaving the company on June 1 for “personal reasons,” the company said.
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Dr. Martens CEO to step down amid ‘challenging’ year ahead
Kenny Wilson will be succeeded by Ije Nwokorie, the footwear company’s chief brand officer.
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Retail sales soar more than 5% in March, beating inflation
But some analysts warn that consumer spending could falter as the year wears on.
Updated April 15, 2024 -
Walmart brings autonomous forklifts to 4 distribution centers
The Fox Robotics technology is deploying in Florida, Texas, New York and Alabama after a 16-month pilot.
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Dick’s Sporting Goods, SidelineSwap expand resale partnership
The companies will hold over 300 used sports gear trade-in events at select Dick’s locations throughout the year.
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Battling shrink and theft across the globe
Retailers are trying numerous strategies — from technology to teamwork — to minimize losses.
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Saks.com snags up to $60M in additional liquidity
The infusion from Pathlight Capital and Bank of America will bolster the luxury online player’s financial position in a “challenging macro-environment.”
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Bombas bets on footwear with the Friday Slide
The move marks the first venture into more traditional footwear for the DTC brand that became popular for its socks.
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Report: Chief marketer tenure stabilizes, though volatility remains high at top brands
A rise in internal promotions, first-time CMOs and outside hires were among the other big trends identified in Spencer Stuart’s assessment.
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Sephora taps Nike vet to lead Greater China
Xia Ding spent five years at the activewear giant and also brings experience from HanesBrands and JD.com.
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Stanley Brand president to lead Heydude
Terence Reilly, who ushered the more than a century-old brand to viral success, is rejoining Crocs Inc., where he previously served as chief marketing officer.
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Bath & Body Works opens first store in London
A second location will open in the city this fall, as the company looks internationally to spur growth.
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Aesop opens Beverly Hills store, plans two additional openings in NYC
The brand is expanding its physical reach as the beauty industry experiences a wave of consolidation.
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Adidas, Stepn partner on NFT sneakers
The Stepn x Adidas Genesis Sneakers collection is part of a one-year partnership that will see other NFT drops and physical, wearable items.
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Column
The Weekly Closeout: Puma plots design space in LA, Bank of America downgrades Figs
The athletics brand said the studio will open in 2025, while spending pullbacks contributed to the scrubs brand’s recent negative rating.
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Nike leans on Air for multiyear innovation cycle
After acknowledging the need for more innovation, the sports brand is rolling out a new product lineup and an athlete co-creation process.
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Michaels gets S&P upgrade on improved performance and credit metrics
But topline trends in the arts and crafts retail sector are likely to stay soft in 2024 as inflation persists, analysts say.