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Kaarin Vembar/Retail Dive
Walmart e-commerce sales surge 21%, but profitability remains elusive
E-commerce losses narrowed in the quarter, as CEO Doug McMillon told analysts the retailer will “eventually make money in e-commerce.”
By Nate Delesline III • Aug. 15, 2024 -
Courtesy of Trove
Trove acquires competing resale platform Recurate
The combined company will oversee 44 partners and control up to 80% of branded resale traffic in the U.S. as a result of the deal.
By Lara Ewen • Aug. 15, 2024 -
Trendline
Gen Z and millennials
If there's anything retailers want more than financial stability right now, it's to understand Gen Z.
By Retail Dive staff -
Mark Makela via Getty Images
Warehouse robot momentum faces cost, ROI challenges
Companies that invest in the pricey tech may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.
By Alexei Alexis • Aug. 15, 2024 -
Duane Prokop via Getty Images
Facing hundreds of talc-related lawsuits, Avon Products files for bankruptcy
Brazilian beauty conglomerate Natura & Co. earlier this year floated plans to separate its Avon business, but said this week that’s now on hold.
By Daphne Howland • Aug. 14, 2024 -
Courtesy of Ikea
Ikea US debuts new mattress line
The furniture chain faces competition from DTC mattress companies that are expanding more into physical retail.
By Tatiana Walk-Morris • Aug. 14, 2024 -
Courtesy of Walmart
Walmart opens ocean shipping network to marketplace sellers
The big-box retailer’s cross border network provides full container load freight service from China to the U.S.
By Kelly Stroh • Aug. 14, 2024 -
Sam Silverstein/Retail Dive
Instacart partners with Ibotta to deliver digital coupons to shoppers
Ibotta will be the preferred third-party coupon provider for all eligible product categories available on the grocery tech company’s platforms.
By Sam Silverstein • Aug. 14, 2024 -
Michael M. Santiago via Getty Images
Amazon unveils 2024 peak season fulfillment fees
The added costs, starting in October, will come as the e-commerce giant gears up for a shorter holiday shipping season.
By Max Garland • Aug. 14, 2024 -
Alyssa Eckel-Martin/Retail Dive
Sponsored by Brillio[Podcast] The Magic of Digital in Retail
In this three-part podcast series, we explore the applications of AI in retail across functions, what algorithmic retail is, why it’s essential and how building an Algorithmic Retail business enhances revenue, profitability and operational efficiencies while curbing waste and costs.
Aug. 13, 2024 -
Daphne Howland/Retail Dive
How Target made grocery a $24B business
The retailer shares how assortment, e-commerce and labor changes have helped it grow food and beverage sales by more than $8 billion since 2019.
By Catherine Douglas Moran • Aug. 13, 2024 -
Permission granted by Grove Collaborative
In latest effort to trim costs, Grove Collaborative switches to Shopify
The sustainably-minded consumer products company reported expanded margins and narrowed losses in Q2, but sales and active customers declined.
By Daphne Howland • Aug. 13, 2024 -
Ben Pruchnie via Getty Images
Wolverine revenue falls nearly 30%
Despite declines at three of its largest brands, the Merrell parent company’s CEO said the results were better than expected.
By Laurel Deppen • Aug. 12, 2024 -
"Lumber Liquidators store, 2321 Ellsworth Road, Ypsilanti Township, Michigan." by Dwight Burdette is licensed under CC BY 3.0
LL Flooring files for bankruptcy with plans to close 94 stores
The company is pursuing a sale of its business and said it has a commitment for $130 million in debtor-in-possession financing from existing lenders.
By Nate Delesline III • Aug. 12, 2024 -
Daphne Howland/Retail Dive
Party City taps turnaround vet as CEO
Barry Litwin’s retail leadership experience includes executive roles at Sears and Office Depot, as well as a stint as CEO of photo retailer Adorama.
By Daphne Howland • Aug. 12, 2024 -
Hasbro’s supply chain overhaul is paying off
The toy and game maker said enhanced planning efforts have helped optimize inventory management.
By Kelly Stroh • Aug. 12, 2024 -
Funko delivers first sales growth, profit in almost 2 years
Yves LePendeven, who was serving as acting CFO since March, was also named to take over the role permanently.
By Nate Delesline III • Aug. 9, 2024 -
Cara Salpini/Retail Dive
ColumnThe Weekly Closeout: Amazon delivery speeds up in Canada and Gap Inc. changes its ticker
Prime members in parts of Canada will have faster same-day delivery and the apparel company will trade on the NYSE under the new symbol GAP.
By Retail Dive Staff • Aug. 9, 2024 -
Permission granted by Ace Hardware
Ace Hardware’s new experiential store model to be ‘immersive shopping experience that you can’t find anywhere else’
On the backdrop of 100 years in business, the retailer's vice president of merchandising spoke about how the company is prioritizing innovation and community.
By Nate Delesline III • Aug. 8, 2024 -
Kaarin Vembar/Retail Dive
Under Armour sales fall 10% as Kevin Plank vows to sell more than ‘just a logo’
“We recognize where we are, we’re not crazy about it, but we’re also doing something to change the weather,” the executive said Thursday.
By Cara Salpini • Aug. 8, 2024 -
Tempur Sealy CEO ‘confident’ in acquiring Mattress Firm despite FTC challenge
Amid a drop in Q2 sales, Scott Thompson said the company has agreements with Mattress Firm suppliers that will go into effect after the deal’s closing.
By Tatiana Walk-Morris • Aug. 8, 2024 -
Denton Harryman. (2022). "The Allbirds store in the SouthEnd district new uptown Charlotte." [Photograph]. Retrieved from Flickr.
Store closures a factor in Allbirds Q2 sales nosedive
Executives said new designs are performing well, but the DTC footwear brand’s sales fell 27% in the period.
By Daphne Howland • Aug. 8, 2024 -
Keith Tsuji via Getty Images
VF revenue remains down despite ‘modest improvement’ at Vans
The struggling sneaker brand is showing signs of recovery in Europe, the Middle East and Africa, as its holding company works to boost its desirability.
By Laurel Deppen • Aug. 8, 2024 -
Courtesy of Hilco Merchant Resources
UK retailer Mountain Warehouse offers $5M stalking horse bid for Eastern Mountain Sports
Absent a higher offer, the U.K.-based outdoor gear retailer plans to keep less than half of the chain’s stores running.
By Daphne Howland • Aug. 7, 2024 -
Courtesy of ThredUp
ThredUp to exit Europe
The secondhand apparel company is also exploring strategic alternatives for Remix. Meanwhile, it reported a drop of nearly 4% in revenue in Q2.
By Kaarin Moore • Aug. 7, 2024 -
Courtesy of Target
Target still struggles to lower virgin plastic use by 2025 deadline
While the retailer made some progress toward its goal to reduce virgin plastic use in its own-brand packaging 20% by 2025, it’s still using more — not less — than the 2020 baseline.
By Katie Pyzyk • Aug. 7, 2024
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