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Stephen Chernin / Stringer via Getty Images
Retail CMO budgets increased in 2022: Gartner
Although marketers are spending more on social media, overall budgets still haven't bounced back to pre-pandemic levels.
By Dani James • Aug. 17, 2022 -
Daphne Howland/Retail Dive
Target takes 87% hit to operating profit as it resets inventory
The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?
By Ben Unglesbee • Aug. 17, 2022 -
Trendline
Gen Z and millennials
If there's anything retailers want more than financial stability right now, it's to understand Gen Z.
By Retail Dive staff -
Courtesy of Walgreens
Walgreens brings in Starbucks vet for new ‘chief format concepts and design officer’ role
Min Cho will focus on “innovative store design and architecture which embraces creativity and functionality,” the drugstore retailer said.
By Cara Salpini • Aug. 17, 2022 -
Courtesy of Kohl's
Kohl’s names chief marketing officer
Interim CMO Christie Raymond takes on the role permanently as she looks to scale the retailer’s in-house retail media agency.
By Kaarin Moore • Aug. 17, 2022 -
Courtesy of DoorDash
DoorDash is testing delivery of Facebook Marketplace orders
The two companies are piloting the service in multiple cities, which allows drivers to deliver items that fit in the trunk of a car.
By Tatiana Walk-Morris • Aug. 17, 2022 -
Justin Sullivan via Getty Images
Walmart GoLocal surpasses 1M deliveries
The retail giant’s white-label delivery service celebrates the one-year anniversary of its launch later this month.
By Max Garland • Aug. 17, 2022 -
Retrieved from ThredUp on August 31, 2021
ThredUp lays off 15% of its corporate workforce as Q2 losses widen
The tough spending environment has come for resale, although higher-income customers looking for upscale goods spent more on average.
By Daphne Howland • Aug. 16, 2022 -
Courtesy of Walmart
Walmart sales rise, profits fall on inflation in Q2
The retailer has gained market share and revenue. But sales and consumer shifts are eating into profits at the same time.
By Ben Unglesbee • Aug. 16, 2022 -
Ming Yeung via Getty Images
Reebok owner Authentic Brands Group strikes deal to acquire Ted Baker
ABG wants to separate Ted Baker into an IP holding company and one or more operating companies that would manage the brand’s retail, e-commerce and wholesale operations.
By Kaarin Moore • Aug. 16, 2022 -
David Ryder via Getty Images
Amazon audit reveals wage, benefit issues at 40% of potential suppliers
The e-commerce giant said it has dedicated teams working with vendors on long-term corrective action plans.
By Megan Ruggles • Aug. 16, 2022 -
Daphne Howland/Retail Dive
Best Buy reportedly cuts store jobs
The retailer recently warned of sales declines as consumers pull back on electronics purchases.
By Ben Unglesbee • Aug. 15, 2022 -
Courtesy of Peloton
Peloton hiking prices amid reported layoffs, store closures
As its pandemic-era boom fizzles, the at-home bicycle fitness company is scrambling, even after major layoffs and subscription hikes earlier this year.
By Daphne Howland • Aug. 15, 2022 -
Duluth Trading to open Georgia fulfillment center
The apparel brand is building the facility as part of a growth plan targeting digital and brick-and-mortar expansion.
By Tatiana Walk-Morris • Aug. 15, 2022 -
gradyreese via Getty Images
Wish rebrands in attempt to stay afloat against competition
The e-commerce platform unveiled a new logo and improved app experience after painful Q2 earnings.
By Jessica Deyo • Aug. 15, 2022 -
Daphne Howland/Retail Dive
J.C. Penney hires a new CFO
Stephanie Plaines has entered a role with much turnover in the last few years, as the retailer tries to reinvent itself in a difficult space.
By Ben Unglesbee • Aug. 12, 2022 -
Courtesy of ThredUp
ColumnThe Weekly Closeout: Tommy Hilfiger teams with ThredUp, and has inflation finally peaked?
The iconic fashion brand will provide shopping credit for certain items returned to ThredUp. Meanwhile, prices in July were flat month to month.
By Retail Dive Staff • Aug. 12, 2022 -
Ace Hardware to open 60 stores by the end of the year
The hardware retailer has opened 105 stores in 2022 so far, and will open three additional warehouses in the next five years.
By Tatiana Walk-Morris • Aug. 12, 2022 -
David McNew/Getty Images via Getty Images
USPS proposes peak season rate hikes amid drop in package demand
The temporary price increases “frankly seem pretty reasonable compared to what FedEx has proposed,” one consultant said.
By Max Garland • Aug. 12, 2022 -
Courtesy of Warby Parker
After challenging Q2, Warby Parker sees crystal-clear need for stores
The DTC eyewear company slashed its guidance for the year, but says physical locations are key to expanding market share and brand awareness.
By Daphne Howland • Aug. 11, 2022 -
Daphne Howland/Retail Dive
Petco reorganizes leadership team, names new COO
The pet retailer revealed a flurry of leadership changes and position expansions to better align with its customer-first strategy.
By Tatiana Walk-Morris • Aug. 11, 2022 -
Permission granted by Lively
Lively founder Michelle Cordeiro Grant steps down from CEO role
Kristin DiCunzolo, vice president of marketing and direct at parent company Wacoal America, will take on the post.
By Cara Salpini • Aug. 11, 2022 -
Courtesy of Sarmishta Ramesh
Whole Foods to add Amazon One payment tech to dozens of stores in California
After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations.
By Peyton Bigora • Aug. 11, 2022 -
Daphne Howland/Retail Dive
Profits remain elusive in Q2 as The RealReal’s customers buy lower-priced apparel
Unlike other retailers in recent weeks, the resale site has been hiring and boosting wages to help address inventory shortfalls that hurt sales.
By Daphne Howland • Aug. 10, 2022 -
Revlon CFO to retire as sales continue shrinking in bankruptcy
The company’s losses have also ballooned, in part because of the high cost of Chapter 11.
By Ben Unglesbee • Aug. 10, 2022 -
Courtesy of Kohl's
Kohl’s expands self-pickup to all stores
Customers can use their mobile devices to go through a number of steps to obtain their orders in stores.
By Kaarin Moore • Aug. 10, 2022
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