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Yeti names permanent CFO
Mike McMullen, who has held the position on an interim basis since October, will focus on driving growth at the outdoor products company.
By Tatiana Walk-Morris • Feb. 17, 2023 -
Party City plans to close 22 stores in bankruptcy
Twelve of the locations are already up for auction, and the total number of closures could change as the retailer continues to evaluate its footprint.
By Nate Delesline III • Feb. 17, 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 -
Smooth sailing ahead for (most) off-price retailers
TJX is a standout in a space that continues to benefit from a dicey economy, while Nordstrom Rack struggles to gain a foothold.
By Daphne Howland • Feb. 17, 2023 -
The image by Thmyl yAMSa is licensed under CC BY-SA 4.0
Columbia Sportswear’s Q4 performance hampered by delivery delays
To avoid late deliveries, the retailer is making adjustments in people, processes and systems.
By Kelly Stroh • Feb. 17, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning says lenders’ actions contributed to Chapter 11
The company, which is preparing to close hundreds of stores, said when Wells Fargo increased its reserves, the move “effectively eliminated” the retailer’s operating liquidity.
By Nate Delesline III • Feb. 16, 2023 -
Independent Pet Partners files Ch. 11, looks to sell some stores
The owner of Loyal Companion is closing dozens of stores and selling some of its locations to Pet Supplies Plus and other competitors.
By Kaarin Vembar and Tatiana Walk-Morris • Feb. 16, 2023 -
The RealReal slashes workforce, store base in quest for profits
The resale site has long struggled to make money despite strong sales, but turning away from brick and mortar carries risk in this unique segment.
By Daphne Howland • Feb. 16, 2023 -
Mass merchants continue to gain steam in online grocery
Retailers like Walmart and Target are seeing a growing number of active users along with high satisfaction rates, according to the latest Brick Meets Click research.
By Jeff Wells • Feb. 16, 2023 -
Moosejaw introduces gear, apparel resale program
The Walmart-owned retailer is offering customers store credit in exchange for their secondhand items.
By Tatiana Walk-Morris • Feb. 15, 2023 -
Neiman Marcus is laying off 5% of its workforce
The retailer also shifted roles for two executives to lead customer insight and product and technology, as its chief product and technology officer exits.
By Nate Delesline III • Feb. 15, 2023 -
Purple fires back at activist investors seeking control over board
The DTC brand has issued cumulative voting preferred stock intended to “protect shareholders and treat them equally,” Chairman Paul Zepf said.
By Caroline Jansen • Feb. 15, 2023 -
What it takes to be a successful DTC brand in 2023
Direct-to-consumer darlings like Warby Parker and Allbirds helped pave the way for more brands to enter the space. But now, the playbook has changed.
By Caroline Jansen • Feb. 15, 2023 -
ASOS names second interim CFO amid turnaround plans
The online fashion retailer swapped interim CFOs as it attempts to fend off economic headwinds and boost profitability.
By Grace Noto • Feb. 15, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning files for Chapter 11, again
In its second bankruptcy filing since 2020, the discount retailer is planning to shrink its store footprint further and refocus on high-traffic stores.
By Nate Delesline III • Feb. 14, 2023 -
Walmart shuts the door on e-commerce-only stores
The retailer is closing two locations that offer only pickup and delivery service, along with five other full-service stores.
By Sam Silverstein • Feb. 14, 2023 -
EBay buys AI fraud detection company 3PM Shield
The acquisition, which is the latest in a string of technology purchases, comes a week after the marketplace announced layoffs.
By Tatiana Walk-Morris • Feb. 14, 2023 -
Shein questioned on potential forced labor in its supply chain
Three U.S. senators are asking whether the fast-fashion giant's clothing contains banned cotton from China’s Xinjiang region.
By Ben Unglesbee • Feb. 14, 2023 -
Grove Collaborative expands into Walmart, Amazon
As it deepens its wholesale presence, the brand is focused on profitability, co-founder and CEO Stuart Landesberg told Retail Dive.
By Dani James • Feb. 14, 2023 -
Lively moves into Canada
The new market launch follows a number of changes at the intimates brand in recent years, including an acquisition and a CEO transition.
By Caroline Jansen • Updated Feb. 14, 2023 -
Store openings outpace closures in 2022: Coresight
Discount stores — driven by dollar stores — led retail openings, while apparel stores saw the most closures.
By Nate Delesline III • Feb. 13, 2023 -
Bed Bath & Beyond Canada is going out of business
The struggling home goods retailer will no longer support the unprofitable operations, and all 54 namesake and 11 BuyBuy Baby stores will close.
By Daphne Howland • Feb. 13, 2023 -
Kate Spade New York launches resale program with ThredUp
The brand is offering customers shopping credit when they turn in eligible women’s and kid’s items.
By Xanayra Marin-Lopez • Feb. 13, 2023 -
Dick’s Sporting Goods expands used gear trade-in events
In a partnership with SidelineSwap, which the retailer invested in last year, the two will host 200 resale events in the first half of 2023.
By Tatiana Walk-Morris • Feb. 13, 2023 -
Target expands beauty assortment with ‘thousands’ of new products
The effort includes bringing in new Black-owned and inclusive brands, as well as more products that meet its Target Clean standards.
By Tatiana Walk-Morris • Feb. 13, 2023 -
Retailers join $950M commitment to Central America sourcing
Target and Columbia Sportswear are among private companies investing in the region as part of a White House call to action.
By Ben Unglesbee • Feb. 13, 2023