Operations: Page 132
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Enjoy Technology says it has a prospective buyer that would keep it alive
Asurion, which insures and repairs consumer electronics, has emerged as lender, prospective buyer and future operator of the bankrupt Enjoy.
By Ben Unglesbee • July 1, 2022 -
Kohl's slams the door on takeover after Franchise Group lowers bid
The Vitamin Shoppe owner less than a month ago offered $60 per share, but cut that to $53 after the Fed hiked interest rates, the department store said.
By Daphne Howland • July 1, 2022 -
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 -
Wilson opens third NYC store
The Columbus Circle location is also the sporting good brand’s fourth store in the U.S.
By Cara Salpini • July 1, 2022 -
Amazon cancels, delays wave of warehouse plans as e-commerce demand cools
Shifts in plans have affected at least 13 facilities, including locations in Texas, Florida, Louisiana, Tennessee and California, according to local news reports.
By Max Garland • July 1, 2022 -
Enjoy Technology files for bankruptcy with plans to sell itself
Centered around mobile stores that bring retail service inside homes, the company has been burning cash and suffering supply shortages.
By Ben Unglesbee • June 30, 2022 -
Podcast
The Backroom: Enjoy Technology set out to disrupt retail. But it got disrupted instead.
Led by former J.C. Penney CEO Ron Johnson, the now-bankrupt “commerce-at-home” company has suffered from constrained supply and high costs.
By Retail Dive Staff • June 30, 2022 -
Ace Hardware shuts down The Grommet, lays off 44
The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn.
By Daphne Howland • June 30, 2022 -
Bed Bath & Beyond CEO out as sales fall 25% in Q1
Mark Tritton, who took the helm in late 2019 after helping execute a turnaround at Target, is replaced by independent board member Sue Gove in the interim.
By Caroline Jansen • June 29, 2022 -
Enjoy Technology to 'pause' on selling Apple products
The cash-strained company said it is halting its “commerce-at-home” services for the tech maker to focus on business priorities.
By Ben Unglesbee • June 29, 2022 -
StockX lays off 8% of its workforce
The embattled sneaker resale marketplace said that it’s had to adapt quickly as global economic challenges reshape consumer behavior.
By Daphne Howland • June 29, 2022 -
Pinterest names Google president of commerce as CEO
The image-sharing platform continues its push into social retail as co-founder and former CEO Ben Silbermann transitions to the executive chairman role.
By Dani James • June 29, 2022 -
FTC sues Walmart on claims it failed to protect money transfer customers from fraudsters
The agency alleged that the retail giant has inadequate training and anti-fraud practices in place. The company said the lawsuit is baseless.
By Ben Unglesbee • June 29, 2022 -
Function of Beauty hires 20-year L'Oréal vet as chief marketer
The personalized beauty brand is building out a team of industry veterans as it looks to scale.
By Tatiana Walk-Morris • June 29, 2022 -
Self-checkout shipments could surpass 300K by 2027: report
Cashless systems are growing in popularity, and retailers are testing new features like facial recognition.
By Tatiana Walk-Morris • June 28, 2022 -
How retailers are grappling with sustainability
In an industry that inevitably generates waste, the path to a more environmentally friendly future is littered with difficult choices.
By Retail Dive Staff • June 28, 2022 -
Retrieved from Amazon on June 28, 2022
Amazon unveils first fully autonomous mobile robot
The company aims to automate the handling of heavy, package-carrying carts with its Proteus robot, allowing employees to focus on other tasks.
By Max Garland • June 28, 2022 -
Nike's Q4 sales fall slightly after 20% decline in China
The athletics giant is launching commerce and activity apps specific to the region in the next six months to better connect with shoppers.
By Cara Salpini • June 28, 2022 -
Walgreens calls off Boots sale despite 'significant interest'
Macroeconomic instability caused a sudden shift in financing availability, plus the retailer said its U.K. business is doing better now.
By Daphne Howland • June 28, 2022 -
Dollar Tree's C-suite just went through a huge shakeout
Gone or nearly gone are the discounter’s chief operating, financial, information, strategy and legal officers following an activist revolt.
By Ben Unglesbee • June 28, 2022 -
PayPal changes up its pricing
In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system.
By Lynne Marek • June 27, 2022 -
Retrieved from Walmart Now on June 24, 2022
Instacart and Walmart Canada launch virtual convenience store
Walmart Now offers delivery of around 4,000 grocery, pantry and household items, which are fulfilled through a handful of the retailer’s stores.
By Catherine Douglas Moran • June 27, 2022 -
Foot Locker divests its team sales business
The sale comes as the retailer has nearly finished merging its Eastbay and Champs Sports brands into a single unit focused on young athletes.
By Ben Unglesbee • June 27, 2022 -
Madison Reed names chief marketing, digital officers
The company also appointed Michael Dubin, founder and former CEO of Dollar Shave Club, to its board.
By Tatiana Walk-Morris • June 27, 2022 -
Inventory in 2022: Normal is still nowhere in sight
With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.
By Ben Unglesbee • June 27, 2022 -
Anne Klein to sell furniture at tricky time for the category
The apparel brand will take inspiration from the late designer’s homes in Manhattan and the Hamptons and debut the collection this coming winter.
By Daphne Howland • June 27, 2022