The Weekly Closeout: Walmart settles $5.6M lawsuit, Target drops Halloween assortment

The consumer protection lawsuit alleged the mass retailer overcharged customers, while products from Target's spooky collection start at $1.

Lowe’s $8.8B acquisition aims to strengthen pro business

The deal with Foundation Building Materials comes about two months after the retailer closed on its acquisition of Artisan Design Group.

Walmart revenue grows as it works to absorb tariff hikes

The retailer raised its full-year net sales guidance and noted that it is seeing costs increase as it replenishes inventory post-tariff changes.

Google makes payments play

The search giant has locked arms with Wise, Klarna and others to improve and expand its payments services, including in remittances and e-commerce.

Burlington’s ‘reimagined’ store layout aims to make shopping easier

The off-price retailer is halfway done refreshing its fleet with an open layout, organized aisles and bold signage. 

Target struggles with turnaround as Q2 sales drop

The retailer needs to move "much faster," incoming CEO Michael Fiddelke said Wednesday. “I know we're not realizing our full potential right now.”

Walmart Realm adds new digital storefronts to woo Gen Z, Gen Alpha

The immersive shopping experiences blend content and commerce to facilitate product discovery.

Abercrombie Kids adds Nordstrom, Dick’s Sporting Goods as wholesale partners

The children's brand, also available at Macy’s and Bloomingdale’s, is expanding its wholesale operation to reach more shoppers worldwide.

Claire’s strikes $140M private equity takeover deal, pauses store liquidations

The bankrupt tween accessories retailer had plans to shutter at least 700 stores — possibly twice that — and now most will remain open.

Levi’s brings on chief supply chain officer from Victoria’s Secret

Chris Callieri will start in September, reporting directly to CEO Michelle Gass.

Gap dances with Katseye to ‘Milkshake’ for denim-focused fall campaign

“Better in Denim” nods to the early aughts and return of low-rise denim and will span social media, in-store, influencer partnerships and more. 

Kohl’s adds CTO to its tech leadership lineup

The retailer brought in former Nike and J.Crew executive Steven Dee to lead all technology and information platforms.

As The Container Store cracks down, vendors wonder about its future

Chief Commercial Officer Martin Schumacher recently told suppliers their margins have been “artificially high” and warned that “those days are over.”

Ace Hardware launches retail media network

RedVest Media gives participating brand partners a targeted approach to advertising through onsite premium ads, in-store signage and more.

EBay builds out suite of tech tools for sellers

With a number of new tools, the e-commerce giant is helping sellers simplify cost tracking and respond to messages. EBay will even give sellers automated feedback. 

How to win back-to-school marketing as American Eagle’s big bet blows up

Though spending forecasts are bleak, value-focused messaging and smart social media plays could help brands transcend the turbulence. 

Target CEO Brian Cornell to exit

The executive shaped the mass retailer’s reputation and performance for over a decade. He will be succeeded by COO Michael Fiddelke.

Adore Me founder out at Victoria’s Secret & Co.

Now leading the brand is Christine Vellani, who has worked in merchandising and new business at the lingerie giant for nearly six years.

5 of retail’s most impactful deals in 2025

From Skechers selling itself to numerous moves in the Beyond Inc. saga, here’s a look at the top deals during the first half of the year.

Best Buy doubles assortment with marketplace launch

The retailer is adding and expanding categories via third-party sellers, from seasonal decor to musical instruments, and will allow shoppers to return purchases in store.

Home Depot sales up nearly 5% in Q2, reaffirms full-year outlook

The home improvement retailer notched a 1% comp sales gain, below analysts’ estimates, as consumers take on fewer large discretionary projects.

Knix makes a bigger play for the US market with New York store opening

The SoHo location will feature bra bars, as well as a selection of the brand’s underwear, activewear and its teen brand, Kt by Knix.

Active footwear a bright spot in the first half of the year

Nevertheless, a Circana report found U.S. footwear sales fell 1% from January to June, with the fashion and outdoor categories leading the declines.

Beyond rebrands to Bed Bath & Beyond

The parent company is taking on the name of one its brands at a corporate level and changing its trading symbol back to BBBY.

Mattress Firm president takes CEO reins

Now part of Somnigroup International following a merger with Tempur Sealy, the retailer is attracting DTC brands instead of losing share to them.