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Foot Locker to sell HeyDude footwear
Crocs-owned HeyDude will be sold in 450 Foot Locker, Champs Sports and Kids Foot Locker stores, with plans for global expansion.
By Tatiana Walk-Morris • May 4, 2023 -
Guess taps Hugo Boss alum for CFO seat
The appointment of Markus Neubrand, a former CFO of Hugo Boss Americas, follows a “rigorous” search process, Guess CEO Carlos Alberini said.
By Alexei Alexis • May 4, 2023 -
Trendline
Digital innovation and technology trends in retail
Generative AI and TikTok Shop have replaced the metaverse and NFTs as the hot topics of the day — here’s a look at how brands are using them.
By Retail Dive staff -
Farfetch launches European commercial partnership with Reebok
The new digital platforms are part of a larger plan by Reebok owner Authentic Brands Group to reposition its European e-commerce sites and expand its luxury product offerings.
By Lara Ewen • May 4, 2023 -
Nordstrom to shutter its downtown San Francisco stores
The retailer has run its full-line store at the Westfield San Francisco Shopping Centre for 35 years, and its off-price Rack across the street for nine.
By Daphne Howland • May 4, 2023 -
J.C. Penney profits tumbled last year, as sales edged down
The department store’s investments are hitting its bottom line, but could fuel its comeback, according to owner Simon Property Group’s CEO.
By Daphne Howland • May 3, 2023 -
Gibson Brands CEO exits
James Curleigh, who has led the company since 2018, will depart while brand president Cesar Gueikian was named interim chief.
By Nate Delesline III • May 3, 2023 -
The Athlete’s Foot opens local store concept in Atlanta
The company is doubling down on customer engagement while expanding its hyper-local products.
By Tatiana Walk-Morris • May 3, 2023 -
Simon Property ownership in retailers could end in 5 to 10 years, CEO says
David Simon still sees growth potential in the retailers owned by the mall REIT, though that portfolio swung to a loss in Q1.
By Daphne Howland • May 3, 2023 -
Deep Dive
What’s behind Walmart’s DTC selloffs?
The retail giant has been ditching its e-commerce acquisitions for years to refocus on its core. But it could also mean a fresh start for Eloquii and Bonobos.
By Dani James • May 3, 2023 -
PVH launches supplier finance program tied to sustainability goals
Vendors for the apparel company can get discounts on loans if they hit environmental and social targets.
By Ben Unglesbee • May 2, 2023 -
Francesca’s snaps up basics brand Richer Poorer
Two years out of bankruptcy and under private equity ownership, the mall-based retailer said it’s on the lookout for more acquisitions.
By Daphne Howland • May 2, 2023 -
Dollar Tree hires Dollar General vet as chief supply chain officer
Mike Kindy joins the company with more than a decade of experience at its rival.
By Nate Delesline III • May 2, 2023 -
Toys R Us specter looms over Bed Bath & Beyond
The home-goods retailer’s mixed signals remind some of Toys R Us. The toy retailer filed to reorganize in 2017, only to liquidate its U.S. operations months later.
By Maura Webber Sadovi • May 2, 2023 -
The Container Store, ThredUp partner on ‘Closet Clean Out’ resale program
The effort allows customers to resell gently worn items for shopping credit at The Container Store.
By Tatiana Walk-Morris • May 2, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning is going out of business after 49 years
The discount retailer is working to close its remaining stores after a federal bankruptcy judge approved Hilco Global's $32 million offer.
By Nate Delesline III • May 1, 2023 -
Nordstrom cuts tech workforce
The layoffs come weeks after the company named a new chief technology and information officer.
By Kaarin Moore • May 1, 2023 -
Revlon, ready to exit Chapter 11, fills incoming board with former beauty retail execs
The cosmetics company says it will emerge from bankruptcy some time this week, under private ownership of several private equity firms.
By Daphne Howland • May 1, 2023 -
Anthropologie Group shuffles leadership team as it preps for growth
The retailer promoted two executives to oversee aspects of its wedding business, and brought in a third to lead Home and Terrain.
By Tatiana Walk-Morris • May 1, 2023 -
The Inkey List appoints new CEO
Stephanie Davis Michelman takes on the chief executive position, while co-founders Colette Laxton and Mark Curry maintain active roles.
By Dani James • May 1, 2023 -
Ikea banks on new store formats to sustain success
The home and furniture retailer says eight in 10 people start their buying journey through e-commerce.
By Nate Delesline III • May 1, 2023 -
Amazon to slow fulfillment spend as it prioritizes regional model
The e-commerce giant is “bullish on the early results” of its shift away from operating one massive network.
By Sarah Zimmerman • May 1, 2023 -
The image by wpktsfs is licensed under CC BY-SA 3.0
S&P downgrades luxury furniture retailer RH
The company said it’s expanding into other sectors to diversify its revenue streams amid weakened home-related discretionary spending.
By Nate Delesline III • April 28, 2023 -
Glossier founder Emily Weiss to leave Allbirds board
Weiss, who has been on the board since late 2020, is not standing for reelection at the brand’s annual stockholders meeting in June.
By Cara Salpini • April 28, 2023 -
The image by Vbcorpcomm is licensed under CC BY-SA 4.0
Vera Bradley replaces CFO, plans more job cuts
The company is planning to cut as many as two dozen jobs as part of a corporate restructuring initiative targeting $12 million in incremental cost reductions.
By Alexei Alexis • April 28, 2023 -
Column
The Weekly Closeout: Amazon winds down Halo, Academy Sports + Outdoors names CEO
The e-commerce giant will no longer support the devices, while the sporting goods retailer has promoted its chief merchandising officer to the top spot.
By Retail Dive Staff • April 28, 2023