Operations: Page 165
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Cara Salpini/Retail Dive
Vietnam factory closures cause Nike to cancel 130M units
Those factories are now operational and Nike has returned to 80% of its weekly production volume pre-closure, executives said.
By Cara Salpini • Dec. 21, 2021 -
Daphne Howland/Retail Dive
Nordstrom reportedly mulling spinoff of off-price Rack business
Bloomberg reported the move, which would shatter the ecosystem the retailer has forged. But one expert says the off-price business may have to go.
By Daphne Howland • Dec. 21, 2021 -
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 -
Cara Salpini/Retail Dive
Brazilian footwear company buys 49.9% stake in Rothy's
A deal between Alpargatas and the popular DTC brand will result in a post-investment valuation of $1 billion.
By Kaarin Moore • Dec. 21, 2021 -
Courtesy of Rite Aid
Rite Aid to close about 60 stores, with more likely to come
With losses mounting again, the drugstore retailer is trying to cut costs as it reevaluates its footprint.
By Ben Unglesbee • Dec. 21, 2021 -
Courtesy of Schoolhouse and Food52
Food52 to acquire Schoolhouse for $48M
The acquisition strengthens the website's position in the home space after buying housewares brand Dansk and launching Home52.
By Caroline Jansen • Dec. 21, 2021 -
Spencer Platt via Getty Images
US 6th Circuit reinstates vaccine mandate
The court pulverized many of the arguments from the National Retail Federation and others, but the rule is likely destined for the Supreme Court.
By Daphne Howland • Dec. 20, 2021 -
Adeline Kon/Retail Dive/Retail Dive
Q&AThe $500M question: Destination XL's Harvey Kanter and Ujjwal Dhoot
How to spend half a billion dollars in hypothetical money? Executives at the big-and-tall apparel specialist would use it on understanding consumers and speeding up distribution.
By Ben Unglesbee • Dec. 20, 2021 -
J.C. Penney taps DoorDash for same-day delivery just ahead of holidays
The department store retailer is building out its omnichannel capabilities as it tries to secure a lasting turnaround after last year's bankruptcy.
By Ben Unglesbee • Dec. 20, 2021 -
Authentic Brands expands Reebok to over 2.8K stores in deal with JD Group
The partnership covers all of JD Group's banners in North America and Europe, including Finish Line, JD, DTLR, Shoe Palace, Size, Sprinter and SportZone.
By Cara Salpini • Dec. 20, 2021 -
Permission granted by FedEx
The next step in FedEx's automation journey: Handling the largest and smallest packages
Executive Ted Dengel details how the company tackles the two ends of the "package bell curve" to keep up with the surge in volume.
By Max Garland • Dec. 20, 2021 -
Daphne Howland/Retail Dive
Sears owner plans to sell its corporate HQ
The sale would be yet one more disposed asset in an ongoing fire sale by the shrinking retailer.
By Ben Unglesbee • Dec. 17, 2021 -
screenshot of Federal Reserve press conference
'Really healthy' consumers are ready to spend for the holidays, Fed chief says
The pandemic continues to roil the supply chain and labor market, though wage increases aren't fueling inflation, Federal Reserve Chair Jerome Powell said.
By Daphne Howland • Dec. 17, 2021 -
Courtesy of Target
ColumnThe Weekly Closeout: Target to launch 'Bet on Black' startup pitch competition
The retailer will provide mentorship and a total of $500,000 in funding. Meanwhile, Janie and Jack names a new CEO and Bark comes to REI.
By Retail Dive Staff • Dec. 17, 2021 -
Courtesy of Walmart
Chico's to offer same-day delivery through Walmart GoLocal
As GoLocal's first fashion client, speedy delivery for its namesake brand, White House Black Market and Soma, is now available in select markets.
By Maria Monteros • Dec. 17, 2021 -
Scott Olson/Getty Images via Getty Images
Consumers could return $66.7B in holiday merchandise this year
For retailers, the cost of returns is also going up, according to a report from CBRE.
By Tatiana Walk-Morris • Dec. 17, 2021 -
Courtesy of Indochino, Nordstrom
Indochino to launch into womenswear
The custom apparel retailer will also be increasing products for grooms and groomsmen as it pushes further into the wedding market.
By Kaarin Moore • Dec. 16, 2021 -
Strip centers outpacing traditional malls as physical retail recovers
The decline of department store anchors is just one reason why traffic to legacy shopping centers hasn't fully returned.
By Daphne Howland • Dec. 16, 2021 -
Getty Images
Retail has more — but slower — growth ahead in 2022: Moody's
After a heady comeback this year, the industry could settle in to a more modest pace, with supply chain, spending changes and debt levels posing some risk.
By Ben Unglesbee • Dec. 16, 2021 -
Courtesy of Neiman Marcus
Neiman Marcus Group pushes back against e-commerce split
CEO Geoffroy Van Raemdonck on Wednesday emphasized such a move would interfere with what he characterized as a well-integrated operation.
By Daphne Howland • Dec. 15, 2021 -
Marking its first acquisition, Harry's snaps up body odor brand Lumē
Prior to this point, the company focused on incubating and launching its own brands, including Flamingo, Cat Person and Headquarters.
By Cara Salpini • Dec. 15, 2021 -
(2007). Retrieved from Wikimedia Commons.
99 Cents Only downgraded by Moody's
The dollar store chain, based largely in the Southwest, has underperformed compared to its peers during the pandemic and struggled to pay down its debt.
By Ben Unglesbee • Dec. 15, 2021 -
Courtesy of Target
Retailers add 7.5% fewer seasonal jobs than last year: report
The October and November 2021 figures were the lowest for the retail sector since 2016, according to Challenger, Gray and Christmas.
By Tatiana Walk-Morris • Dec. 15, 2021 -
Astrid Stawiarz via Getty Images
Klarna debuts browser extension to enable installment payments for all online retailers
The tool also lets customers use coupons and cashback rewards, save products, receive price drop notifications and create one-time use Visa cards.
By Tatiana Walk-Morris • Dec. 15, 2021 -
Courtesy of Casper
These 10 DTC darlings helped pave the way for digitally native brands. Where are they now?
While several brands have experienced success through acquisitions, public listings or investments from larger retailers, others haven't been as fortunate.
By Caroline Jansen • Dec. 14, 2021 -
Courtesy of Purple
Purple brings on former New Balance chief as acting CEO
Following a quarter of declining sales and growing operating loss, Robert DeMartini steps into the role, succeeding Joseph Megibow.
By Caroline Jansen • Dec. 14, 2021
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