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Retail, financial trade groups beg for coins
A U.S. coin shortage subsided for a bit early last year, but the problem is back. That led a group of trade organizations to complain to the Treasury Department this week, and to ask for help in making consumers aware of the coin crisis.
By Lynne Marek • March 24, 2022 -
Daphne Howland/Retail Dive
Inside Macy's plan to scale its budding retail media business
Improving formats like landing pages is taking priority as the department store chain aims to launch a self-service marketplace in the second half of 2022.
By Peter Adams • March 24, 2022 -
Trendline
The direct-to-consumer landscape in retail
More mature brands are pursuing exit strategies and expanding their reach, while traditional retailers are increasingly shifting to a DTC model.
By Retail Dive staff -
Spencer Platt via Getty Images
GameStop hit with $30M lawsuit from turnaround consultants
The retailer brought in Boston Consultancy Group in 2019, when sales were in a tailspin. The firm says it has been underpaid for much of the time since.
By Ben Unglesbee • March 23, 2022 -
Poshmark lowers outlook after mixed holiday quarter
The secondhand marketplace's loss widened last year, and 2022 got off to a slow start due to an algorithm snafu and macro headwinds.
By Daphne Howland • March 23, 2022 -
Permission granted by Thinx
Coming off a strong year of deals, here are 10 the retail industry has already announced in 2022
Among others, Mattress Firm filed for an IPO back in January and Kimberly-Clark took a majority stake in DTC period brand Thinx in February.
By Retail Dive Staff • March 23, 2022 -
Courtesy of Capri Holdings
Versace finds new CEO at Alexander McQueen, again
Emmanuel Gintzburger takes the job in September. Jonathan Akeroyd, who also led both brands, is jumping to Burberry.
By Daphne Howland • March 22, 2022 -
Courtesy of Nike
Continuing with its DTC pivot, Nike plans stand-alone Jordan stores
Wholesale is still key to the company's strategy, CEO John Donahoe said, emphasizing that Foot Locker is "a large and important partner."
By Cara Salpini • March 22, 2022 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
After nearly a decade in the red, Destination XL posts record profit and sales
After the financial travails of the pandemic, the big-and-tall retailer has paid down debt and is focused on cementing its relationship with core customers.
By Ben Unglesbee • March 22, 2022 -
Courtesy of Allbirds
Allbirds opens store in New York's Flatiron District
The DTC brand's brick-and-mortar expansion comes as losses at the company continue to grow.
By Tatiana Walk-Morris • March 22, 2022 -
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Deep DiveHow does Gen Z feel about credit cards? It's complicated.
Each generation has approached credit differently; Gen Z is no exception. As they turn toward credit cards, industry analysts say these consumers are likely to keep card companies on their toes.
By Caitlin Mullen • March 22, 2022 -
Justin Sullivan via Getty Images
Are Amazon's buybacks a sign that the growth machine is slowing?
When it comes to spending billions on shareholders, the e-commerce giant is getting a taste of what financial life is like for legacy retailers.
By Ben Unglesbee • March 22, 2022 -
Courtesy of L.L. Bean
L.L. Bean sales spiked 14% last year as more consumers played outdoors
Sales at the privately held retailer hit $1.8 billion thanks in part to heightened demand, omnichannel investment, and international and wholesale expansions.
By Daphne Howland • March 21, 2022 -
Courtesy of Champs
Foot Locker names first president of global brands
Samantha Lomow joins the athletics retailer from Hasbro, and will oversee a brand portfolio that's expanded in recent months.
By Cara Salpini • March 21, 2022 -
Courtesy of Target
Target, Amazon debut sustainable store concepts
Target introduced its first net zero energy store, while an Amazon Fresh store is pursuing a net zero carbon certification.
By Tatiana Walk-Morris • March 21, 2022 -
Courtesy of On Holding
As it plots 'significant expansion,' On will partner with Dick's and launch new products
The running brand plans to vastly increase its product offerings in the running, outdoor and lifestyle categories.
By Cara Salpini • March 21, 2022 -
Daphne Howland/Retail Dive
Deep DiveCan Macy's hit the private label bull's-eye?
Hiring former Target designers is a sign the department store is serious about its promise to overhaul its own brands. But that won't be enough.
By Daphne Howland • March 21, 2022 -
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Sponsored by ProductsupTikTok’s retail engine is revving up, but are brands successful at driving sales?
Four steps to building positive brand experiences and driving sales on TikTok
March 21, 2022 -
Daphne Howland/Retail Dive
VF Corp names Kevin Bailey global brand president of Vans
Bailey was president of the brand from 2009 to 2016 — a time when revenue grew to over $2 billion.
By Kaarin Moore • March 18, 2022 -
Spencer Platt via Getty Images
GameStop's loss widens in first year of transformation under Ryan Cohen
The retailer is growing inventory, launching new technology initiatives and losing money even as its sales grow.
By Ben Unglesbee • March 18, 2022 -
Oli Scarff via Getty Images
Deep DiveAmazon is slowing down its fulfillment center spend. What's next?
Heightened demand put Amazon's distribution buildout into overdrive. To speed up delivery and limit costs, it will have to invest more.
By Max Garland • March 18, 2022 -
Courtesy of Saks Off 5th
ColumnThe Weekly Closeout: Saks Off 5th rebrands and Parachute stirs up debate over catalog cover
The luxury off-price retailer launched a new campaign, "Where Fashion Takes Off," and the DTC brand sparked conversation over its latest marketing play.
By Retail Dive Staff • March 18, 2022 -
Courtesy of Kohl's
What new ownership could mean for Kohl's
The department store may be on the brink of being sold. So far, it doesn't look good.
By Daphne Howland • Updated March 21, 2022 -
Courtesy of Macy's
To further its turnaround, Macy's unveils new Own Your Style brand platform
Online the platform will feature a curated fashion hub, and in stores, associates will serve as micro-influencers, advising customers via social media.
By Daphne Howland • March 17, 2022 -
Permission granted by Dollar General
Unfazed by comp declines, Dollar General eyes deeper expansion
The discounter plans more than 1,100 new stores this year and aims to triple its stand-alone Popshelf stores.
By Ben Unglesbee • March 17, 2022 -
Courtesy of Hodinkee
Hodinkee appoints former LVMH, Farfetch exec as CEO
Jeffery Fowler was most recently president of the Americas at Farfetch and has also held positions at Tesla and Richemont.
By Tatiana Walk-Morris • March 17, 2022
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