The Latest
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These 5 people changed retail. Where are they now?
Some of the biggest names in the industry slowly fade from headlines. While others keep grabbing them for various reasons.
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Column
The Weekly Closeout: Petco slashes outlook and what’s going on at Uoma Beauty?
The pet retailer missed Q3 estimates, while the makeup brand could be at risk of closure by the UK government.
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Consumers state high intent to buy more online in 2024: survey
While Amazon is the preferred e-commerce retailer overall, Walmart is the top pick for online grocery shopping, a Bank of America survey found.
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NLRB rules against Amazon in New York fulfillment center union organizing case
The National Labor Relations Board alleges the company unlawfully retaliated against some employees, including by changing work assignments.
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Amyris auctions off Biossance for $20M
The company also found successful bidders for three other brands, including Pipette, as it undergoes bankruptcy proceedings.
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EBay invests in sports trading card company COMC
The two companies also entered a commercial agreement as eBay continues to grow its presence in the category.
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Guess walks inventory tightrope while retail buyers stay ‘very careful’ on purchasing
The apparel company has been cautious in its own buying while trying to meet the needs of department stores and others who seek agility to meet demand.
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Podcast
The Backroom: What’s the deal with EBITDA?
The earnings metric is widely used despite criticism that it can cloud the true picture. What companies emphasize it, and why?
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Wish launches small parcel delivery service
WishPost Smart Parcel will allow shippers who don't sell on the e-commerce platform to use its logistics capabilities.
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Kohl’s extends holiday bargains through December
The retailer is rolling out aggressive holiday deals this month, giving shoppers the opportunity to earn Kohl's Cash daily through Dec. 24.
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Deep Dive
Retailers have a crime problem. It’s in the numbers.
The issue is complex and often clouded by imprecise data. Sometimes from the industry itself.
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Brooks Running posts record 14% increase in Cyber Monday sales
Nearly half of those sales were from new customers. The athletics brand also reported an 8% year-over-year increase in online sales on Black Friday.
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Bath & Body Works drops 10-foot candle to help holiday shoppers unwind
The installation is part of a new creative platform centered on reconnecting with the senses amid daily stressors like rush hour traffic and work emails.
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How Walmart’s shoppable rom-com bridges holiday content, commerce
Ads on TikTok, Roku and YouTube show an assortment meant to balance “inspiration and impulse” this season, according to Chief Marketing Officer William White.
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Ulta CFO to retire amid 6.4% sales growth
Scott Settersten, who has held the role for more than a decade, will leave in April. Senior Vice President of Finance Paula Oyibo will replace him.
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Staples hit by cyberattack during critical Cyber Week sales push
The office supply retailer expects to fully catch up on back orders after online processing and deliveries were briefly disrupted.
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Winners and losers of Black Friday 2023
Data shows consumers turned to mobile to shop, while some analysts lowered their forecast for the season.
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Retrieved from Lacoste on August 16, 2023
Activewear brand Bandier seeks buyer for IP, assets
After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.
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Big Lots’ net sales fall nearly 15% in Q3
The retailer also announced two new executives, including a chief stores officer and a leader of extreme value sourcing.
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After months in limbo, some products from bankrupt Mitchell Gold may finally reach customers
At the same time, home goods company Surya acquired the Mitchell Gold + Bob Williams brand, with plans to start shipping products in Q1.
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Ikea celebrates sales growth with lower prices
The home retailer is dropping prices on hundreds of products and delivering a $54.5 million bonus payout to some of its workers.
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Little Words Project to open store in Mall of America
The brand, known for its beaded bracelets, will open its 11th store since launching in 2013.
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Retrieved from Sperry on November 09, 2023Deep Dive
Rocking the boat shoe: Sperry’s search for a lifeline
Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.
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Claire’s taps Bath & Body Works vet for CFO-COO role
The appointment comes as the retailer is weighing the best time to go public, after withdrawing an IPO earlier this year.
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Thanksgiving holiday weekend sees ‘record number’ of shoppers: NRF
Over 200 million consumers shopped on Thanksgiving Day through Cyber Monday, surpassing expectations by more than 18 million.