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Under Armour founder Kevin Plank on what the brand’s next CEO needs to do
“Drive love for the [Under Armour] brand and the rest will follow,” the founder said on an earnings call earlier this week.
By Cara Salpini • Aug. 5, 2022 -
Dick’s Sporting Goods offers accelerated payments to boost supplier diversity
The retailer is expanding its partnership with platform C2FO to provide more working capital opportunities for businesses.
By Megan Ruggles • Aug. 4, 2022 -
Trendline
Gen Z and the next-generation consumer
If there's anything retailers want more than financial stability right now, it's to understand Gen Z.
By Retail Dive staff -
The image by Achim Hepp is licensed under CC BY-SA 2.0
Gucci expands crypto payment options to ApeCoin, Euro Coin
More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.
By Tatiana Walk-Morris • Aug. 4, 2022 -
Neiman Marcus names former Williams Sonoma exec president
Ryan Ross will come into the newly established role in order to strengthen the brand and customer experience.
By Kaarin Moore • Aug. 4, 2022 -
Walmart lays off 200 from its corporate workforce
The retail giant said it’s evolving and while it is cutting some roles it will also create new ones in other areas.
By Daphne Howland • Aug. 3, 2022 -
Allbirds lays off 8% of its global corporate workforce
Twenty-three people were let go last week after the footwear brand, facing rising costs, evaluated roles and processes to prep for its next phase of growth.
By Daphne Howland • Aug. 3, 2022 -
More layoffs at Glossier as the brand moves into wholesale
The company is parting ways with about two dozen employees as it preps for a life outside of single-channel distribution.
By Cara Salpini • Aug. 3, 2022 -
Consumer wariness comes for Simon-owned retailers in Q2
CEO David Simon told analysts that volatility in retail is “just the way of the world” and downplayed the REIT’s investment in the industry.
By Daphne Howland • Aug. 3, 2022 -
Amazon slows network expansion in response to cooling customer demand
The e-commerce giant estimates 40% of its capital investments this year will go toward warehouses and transportation capacity, down from 55% in 2021.
By Max Garland • Aug. 3, 2022 -
Death of Family Dollar employee after confronting shoplifter highlights need for training, OSHA says
OSHA has proposed $330,446 in penalties against the company following the employee’s death in Florida.
By Laurel Kalser • Aug. 3, 2022 -
Self-scanning stores to triple by 2027: report
European countries are driving mobile checkout adoption, but the U.S. is catching up, the report suggests.
By Tatiana Walk-Morris • Aug. 3, 2022 -
Honest Beauty to sell through Ulta stores
The expansion comes two weeks after the Honest Company signed a wholesale deal with Walmart.
By Cara Salpini • Aug. 2, 2022 -
Bob’s Red Mill to halt DTC operations
After selling over the phone, via mail and through its website for years, the flour producer is focusing on wholesale.
By Caroline Jansen • Aug. 2, 2022 -
Estée Lauder in talks to acquire Tom Ford: WSJ
Other reports this summer said Tom Ford was exploring a potential sale and working with investment bank Goldman Sachs Group on the endeavor.
By Kaarin Moore • Aug. 2, 2022 -
After prompt action on inventory, Target is poised for a comeback, analysts say
The mass merchant has spent months grappling with a merchandise glut and supply chain trouble and twice slashed its profit outlook.
By Daphne Howland • Aug. 2, 2022 -
As inflation bites, retailers cut guidance
Since June, at least four major retailers have made significant updates to their financial outlooks.
By Retail Dive Staff • Aug. 2, 2022 -
Walmart launches product refurbishment program
The Walmart Restored program is now online and will be in select stores this fall.
By Kaarin Moore • Aug. 1, 2022 -
Kohl’s, Levi’s to introduce ’90s-style capsule collection
The collection aims to capitalize on trends supported by Gen Z as those consumers head back to school.
By Tatiana Walk-Morris • Aug. 1, 2022 -
Amazon launches same-day delivery for Pacsun, GNC and other retailers
The new Prime benefit is the latest example of how the e-commerce giant’s focus is increasingly on services for third parties more than on retail.
By Daphne Howland • Aug. 1, 2022 -
Column
This is the last Sears for hundreds of miles. What can it tell us about the state of malls?
The department store in Maryland is sparsely merchandised and low on traffic. Senior Reporter Ben Unglesbee takes a look inside to see how retail has changed since the heyday of malls.
By Ben Unglesbee • Aug. 1, 2022 -
Sponsored by Roadie
4 steps to take now for a successful peak season
Learn how you can plan and pivot your way to success this peak season and all year long.
By Dennis Moon, chief operating officer at Roadie • Aug. 1, 2022 -
Column
The Weekly Closeout: Lululemon launches its third shoe and Williams Sonoma’s president resigns
The new Chargefeel cross-training shoe comes in 14 colorways, and Ryan Ross will be replaced by former Chief Marketing Officer Felix Carbullido.
By Retail Dive Staff • July 29, 2022 -
Olympia Sports is shutting down its stores
Owned by private equity firm CriticalPoint Capital, the Maine-based retailer is holding liquidation sales at all locations.
By Cara Salpini • July 29, 2022 -
Macy’s, Nike, Target call on Senate to pass the Respect for Marriage Act
Over 170 companies signed a letter in support of the bill, stating that inclusive practices “lead to more productive and engaged employees.”
By Kaarin Moore • July 29, 2022 -
Saks Off 5th partners with Rent the Runway
Customers can purchase secondhand designer items from Rent the Runway on a new “pre-owned” section of Saks Off 5th’s website.
By Kaarin Moore • July 28, 2022