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The Weekly Closeout: Neiman Marcus expands partnership with Ferragamo, Peeps beefs up collabs ahead of spring
The department store will have in-store activations, customer experiences and exclusive products from the brand, while the confection’s list of partners grows.
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Clinique launches virtual lab
The Clinique Lab builds on the brand’s concept space at Macy’s in Herald Square, but with a virtual storefront.
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Resale fashion search engine launches
Chinese tech company DejaWooo received its first seed investment in 2021 and last week announced the launch of its platform.
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Amazon plans to cut 9K more jobs in the next few weeks
The downsizing is centered on the e-commerce giant's profit center, AWS, as well as Twitch, advertising and its people, experience and technology teams.
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Foot Locker to shutter 400 mall-based stores by 2026
As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.
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Lime Crime launches makeup into Sally Beauty
Lime Crime CEO Andrea Blieden discusses the value Sally’s unique customer base offers as the brand rapidly expands its wholesale presence.
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Bed Bath & Beyond proposes reverse stock split
The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.”
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Mattel CFO sees movie tie-in boosting Barbie sales
The toymaker had a tough 2022, but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.
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‘An existential threat’: Brands react to Silicon Valley Bank’s collapse
SVB was closed on Friday and taken over by federal regulators, leaving some brands in the dark about how they would access their capital.
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Atmos, New Balance launch retail collaboration in Washington, DC
The concept, dubbed the NBSE, features exclusive New Balance footwear and will serve as a gathering place for community events.
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BNPL firms snag consumers at checkout: J.D. Power
As buy now, pay later use rises, consumers are learning about the payment option at checkout, more so than from social media or family and friends.
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What can The Container Store learn from Sephora?
CEO Satish Malhotra joined two years ago, and he’s using his experience at the beauty company to freshen up the home retailer’s strategy.
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BJ’s ‘last mile delivery model’ improves in-store order fulfillment process
The service involves employees picking items for an order before handing them off to a same-day delivery provider.
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Ironic totes help deliver L.L. Bean’s second-best revenue year
The Maine outdoor retailer, best known for its iconic boots, plans to expand inclusive sizing after seeing sales rise 15% in that segment.
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Retail sales up 7.7% in February, as prices ease in some categories
But volumes are down, and sales declined from January, as consumers prioritize experiences and essentials.
Updated March 15, 2023 -
Winky Lux expands into Canada through Shoppers Drug Mart
The beauty brand will sell between 40 and 70 products at select store locations and through the retailer’s website.
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Hydro Flask launches water bottle trade-in program
In exchange for store credit, consumers can return Hydro Flask bottles that will be disassembled to recycle as much of the material as possible.
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What to watch in the DTC space in 2023
Increased competition, layoffs and shifting channels are a few challenges direct-to-consumer brands are facing this year.
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Virtual clothing platform DressX raises $15M
Founded in 2020, the metaverse fashion company sells its digital clothing on marketplace platforms like Roblox, Meta and others.
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Dollar General to spend $100M on staffing and stores
The retailer plans to sustain its store opening momentum, with more than 1,000 new locations planned this year.
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Stitch Fix walks back key initiatives in quest for recovery
Changes meant to appeal to new customers and boost sales have backfired, founder and interim CEO Katrina Lake said this week.
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GNC’s chief executive officer left in January, won’t be replaced
Josh Burris, who joined the supplement retailer in 2019, took over as CEO two years ago just after it exited bankruptcy with new ownership.
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Walmart launches clean beauty platform with most products under $10
Clean Beauty at Walmart includes products formulated without more than 1,200 ingredients and will expand over time.
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The Weekly Closeout: Adidas left with $1.3B in Yeezy shoes, Dick’s Sporting Goods, NCAA partner for March Madness
The activewear brand ended its relationship with Ye last October with lots of inventory, while Dick’s is the exclusive partner for the championship season.
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REI names chief people officer
The retailer also announced the internal promotions of a new chief merchandising officer and a vice president of Co-op Brands.