Operations: Page 116
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Walmart is selling Bonobos to Express, WHP Global for $75M
The retail giant paid more than four times that much when it acquired the DTC menswear brand six years ago.
By Daphne Howland • April 14, 2023 -
Hasbro hires Harley-Davidson CFO
Gina Goetter will transition from motorcycles to Monopoly as she takes the role at the toy company, which is set to cut 15% of its workforce this year.
By Elizabeth Flood • April 14, 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 -
Rent the Runway names new CFO as it slogs toward profitability
The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.
By Daphne Howland • April 13, 2023 -
Andy Jassy touts Amazon’s advertising potential
In his annual letter to shareholders, the e-commerce giant's chief executive compared the ad business to AWS, which he led for more than 20 years.
By Nate Delesline III • April 13, 2023 -
Senators press major retailers, brands on child labor in supply chains
Sens. Alex Padilla and John Hickenlooper questioned Walmart, Target, J. Crew and others about compliance practices after reports of exploitation in the U.S.
By Ben Unglesbee • April 13, 2023 -
Walmart e-commerce layoffs surpass 3K
The retail giant is letting go nearly 1,000 workers at a distribution center in Chino, California, amid plans to ramp up its use of robotics.
By Daphne Howland • April 13, 2023 -
More than 50K stores may close by 2027: UBS
Small chains are most at risk due to lack of capital to build an omnichannel offering.
By Nate Delesline III • April 12, 2023 -
Forma Brands exits bankruptcy, names previous Outdoor Voices exec CEO
The beauty company finalized its sale to investors, including Jefferies Finance, and appointed Cliff Moskowitz to the chief role.
By Dani James • April 12, 2023 -
Citing ‘tens of millions of dollars a year’ in losses, Walmart to close 4 Chicago stores
The retail giant has traditionally favored operating in suburban and rural areas, and is pulling back on its smaller Neighborhood Market locations.
By Daphne Howland • April 12, 2023 -
The Home Depot names vice president of its retail media network
Melanie Babcok takes on the role as many retailers delve into advertising as an additional revenue stream.
By Tatiana Walk-Morris • April 12, 2023 -
Amazon begins charging for some returns made to The UPS Store
A fee will apply if an Amazon Fresh, Whole Foods or Kohl’s location is within the same distance or closer to the customer’s delivery address.
By Max Garland • April 12, 2023 -
Tonal founder Aly Orady steps down as CEO
Orady is transitioning to the chief technology officer position as the company closes $130 million in financing.
By Dani James • April 11, 2023 -
American Eagle jumps into secondhand sales via ThredUp
The retailer is the latest to sign onto the used-apparel site’s quickly expanding resale platform.
By Daphne Howland • April 11, 2023 -
Retail imports rising but will stay below pandemic peak: report
Large year-over-year import cargo declines in retail were skewed by unusually high volumes last year, according to the NRF and Hackett Associates.
By Nate Delesline III • April 11, 2023 -
How the pandemic’s e-commerce boom drove new packaging trends
Industry experts say the last three years have seen an uptick in “ships in own container” packaging as well as changes in design.
By Leslie Nemo • April 11, 2023 -
OSHA cites Dollar General store for ‘dangerous safety hazards’
The Pennsylvania store faces fines for blocked emergency exits and electrical panels — the latest in a series of in-store safety violations.
By Nate Delesline III • April 10, 2023 -
S&P Global takes Kohl’s down a notch after weak Q4
The retailer’s high C-suite turnover, its status as a department store and an uncertain economy could limit its progress this year, the ratings firm warned.
By Daphne Howland • April 10, 2023 -
With suppliers still wary, Bed Bath & Beyond banks on $120M consignment deal
One analyst calls it “way too late and beyond a desperate move.”
By Ben Unglesbee • April 10, 2023 -
Sponsored by Mood Media
How one retailer is making real customer connections
Creating memorable experiences that capture the attention of your shoppers requires a combination of media solutions that stimulates all of the human senses.
April 10, 2023 -
Shoe City files for Chapter 11 bankruptcy
The retailer plans to liquidate its 39 stores by the end of next month, citing an inability to repay creditors.
By Nate Delesline III • April 7, 2023 -
Nike’s longtime chief communications officer to retire in June
Nigel Powell has steered the company through thorny political issues, including the company’s decision to stand by football star Colin Kaepernick.
By Natalie Schwartz • April 7, 2023 -
Ikea launches As-is service online
Ikea Family members are now able to browse and reserve gently used products online to pick up in store.
By Tatiana Walk-Morris • April 7, 2023 -
Walmart to install EV chargers at thousands of stores by 2030
The big-box retailer already has around 1,300 chargers at 280 of its sites but plans to further leverage its vast store network.
By Jessica Loder • April 7, 2023 -
Bath & Body Works CFO stepping down this summer
The retailer is also creating two new executive roles: chief customer officer and chief digital and technology officer.
By Nate Delesline III • April 6, 2023 -
Amazon to close UK-based Book Depository
The online book seller, which was acquired by Amazon in 2011, will shut down on April 26.
By Kaarin Moore • April 6, 2023