Operations: Page 136
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Canada Goose to double physical footprint over the next 5 years
The luxury brand, which currently operates 51 stand-alone stores, plans to reach $3 billion in revenue by 2028.
By Dani James • Feb. 8, 2023 -
Simon Property Group sells off Eddie Bauer interest as its retail investments tumble
Many of the REIT’s retailers and brands are profitable, and even J.C. Penney is thriving, but Forever 21 had a tough 2022, CEO David Simon said.
By Daphne Howland • Feb. 7, 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 -
Bed Bath & Beyond seeks $1B to avoid bankruptcy
The investor deal comes as the beleaguered home goods retailer ushers in a new interim CFO with experience in turnarounds.
By Nate Delesline III • Feb. 7, 2023 -
The Vitamin Shoppe opens first franchise location
In addition to the Valparaiso, Indiana, store the retailer plans to open at least 12 more in 2023 with local partners.
By Kaarin Moore • Feb. 7, 2023 -
Ulta to sell beauty brand Odele in stores, online
The partnership adds to the beauty retailer’s growing assortment of products from DTC brands.
By Tatiana Walk-Morris • Feb. 7, 2023 -
Belk opens first outlet store
The location in Greeneville, Tennessee, which will “pioneer” the concept, sells clearance items from the department store’s larger retail locations.
By Kaarin Moore • Feb. 7, 2023 -
Standard AI to acquire Skip Checkout
The deal would create the first company to combine self-checkout and AI-powered autonomous checkout for retailers, according to the announcement.
By Brett Dworski • Feb. 7, 2023 -
The Children’s Place cuts Q4 outlook, expects up to $54M net sales loss
The company cited macroeconomic factors, including the recession and supply chain issues, for its negative outlook.
By Nate Delesline III • Feb. 6, 2023 -
Gap teams with UPS unit to offer small businesses outsourced fulfillment
The partnership allows shippers to access the retailer’s distribution network and gain supply chain capabilities “previously only available to billion-dollar brands.”
By Sarah Zimmerman • Feb. 6, 2023 -
American Dream misses another $8.8M loan payment
The experience-rich mega-mall in New Jersey, which lost some $60 million in 2021, also struggled to meet financial obligations last year.
By Daphne Howland • Feb. 6, 2023 -
Adidas launches first new label in five decades
Adidas Sportswear is fronted by new brand ambassador Jenna Ortega, and features tracksuits and other everyday looks.
By Tatiana Walk-Morris • Feb. 6, 2023 -
Sustainability still takes a backseat to profit for procurement teams: study
A relatively small share of procurement staff see environmental and social goals within their purview or collect related metrics to measure success.
By Ben Unglesbee • Feb. 6, 2023 -
Amazon cited for safety violations at 3 more warehouses
Federal safety inspectors are calling on the e-commerce giant to implement a “company-wide strategy to protect their employees."
By Sarah Zimmerman • Feb. 6, 2023 -
Merchants frustrated with fees, tech issues
Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed.
By Caitlin Mullen • Feb. 6, 2023 -
Sponsored by Seramount
3 ways retail organizations can advance their DEI strategy
Advancing diversity is key for companies that want to succeed but many have a long way to go. Seramount shares three things that retail organizations can do when developing a DEI strategy.
Feb. 6, 2023 -
Skincare brand Loops expands into Target nationwide
The decision to work with the mass retailer was influenced by customer input, according to Loops CEO Meg Bedford.
By Dani James • Feb. 5, 2023 -
J.C. Penney names new chief transformation and strategy officer
Keith Melker comes to the retailer from property management company Wehner Multifamily, where he served as CEO.
By Kaarin Moore • Feb. 3, 2023 -
Lululemon looks to increase supplier diversity for corporate buying
The athleisure brand said it will increase the volume of buying from vendors owned and operated by underrepresented groups in its non-merchandise spend.
By Ben Unglesbee • Feb. 3, 2023 -
Retail layoffs in January spiked 3,225% year over year: report
Job cuts in the industry that month, which amounted to 13,000, came second only to tech.
By Tatiana Walk-Morris • Feb. 3, 2023 -
Kohl’s chooses Tom Kingsbury as permanent CEO
Kingsbury, who was previously the CEO of Burlington Stores, has been the retailer's interim chief since the departure of Michelle Gass last year.
By Nate Delesline III • Feb. 3, 2023 -
Amazon plans further improvements to Prime membership as Q4 sales slip
As the e-commerce giant focuses on further tightening its operations, it will continue to add to the many perks members enjoy, executives said.
By Daphne Howland • Feb. 3, 2023 -
Column
The Weekly Closeout: Dollar General reaches store milestone and REI lays off staff
The discount chain opened its 19,000th store in Missouri this week while the outdoor retailer is cutting 8% of its headquarters workforce.
By Retail Dive Staff • Feb. 3, 2023 -
Missed interest payment signals Bed Bath & Beyond ‘out of options’
Analysts think the retailer is out of time and money. Meanwhile, the company closed a distribution center in Texas, impacting hundreds of employees.
By Nate Delesline III • Feb. 2, 2023 -
Williams-Sonoma reorganizes executive team
Among a slew of changes, the company promoted Marta Benson to CEO of Pottery Barn Brands.
By Tatiana Walk-Morris • Feb. 2, 2023 -
Macy’s to sell Tracee Ellis Ross’ haircare brand online, in stores
The move marks Pattern’s first partnership with a department store and adds to its growing list of retail partners, which include Ulta and Sephora.
By Tatiana Walk-Morris • Feb. 2, 2023