Operations: Page 4
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Column
The Weekly Closeout: Tuesday Morning to go private and Walgreens ‘cried too much’ over theft
The discount home brand is taking itself off the Nasdaq Stock Market, while the drugstore admitted it might have overblown the theft issue.
By Retail Dive Staff • Jan. 6, 2023 -
Macy’s to shutter 4 full-line stores
The closure of the mall-based locations furthers the department store’s Polaris turnaround plan, which also entails opening more off-mall stores.
By Daphne Howland • Jan. 6, 2023 -
Trendline
Digital innovation and technology trends in retail
From drones to smart fitting rooms, to cashless purchases to virtual meditation, how the consumer engages with retailers continue to evolve.
By Retail Dive staff -
Joann’s $200M cost reduction plan relies on falling ocean rates
The craft retailer has endured tens of millions of dollars in excess freight expenses throughout the pandemic.
By Kelly Stroh • Jan. 6, 2023 -
Bed Bath & Beyond warns it could file for bankruptcy
The struggling home retailer issued a "going concern" warning as sales continue to slide and losses widen.
By Caroline Jansen • Jan. 5, 2023 -
Shopify releases enterprise e-commerce system
The company has released other tools to support retailers and invested strategically to enhance its services.
By Tatiana Walk-Morris • Jan. 5, 2023 -
Stitch Fix cuts 20% of salaried staff, CEO steps down
Founder Katrina Lake has returned to take over from Elizabeth Spaulding in the interim as the company searches for a new chief executive.
By Daphne Howland • Jan. 5, 2023 -
Former Kohl’s exec named CEO of Designer Brands
Doug Howe has been president of DSW since May 2022. He joined the company from Kohl’s, where he was its chief merchandising officer.
By Kaarin Vembar • Jan. 5, 2023 -
Amazon layoffs will top 18K, many in retail
The e-commerce giant misjudged the longevity of the pandemic’s impact on demand, and its cuts could undermine its innovation, analysts say.
By Daphne Howland • Jan. 5, 2023 -
Wellmeier, Ed. (2021). [Photograph]. Retrieved from Flickr.
American Eagle’s logistics arm accelerates fulfillment center openings with JLL partnership
Quiet Platforms says the partnership will expand shipper access to same-day and next-day service.
By Alejandra Salgado • Jan. 5, 2023 -
Wells Fargo downgrades Target amid signs the worst isn’t yet over
The analysts, saying the mass merchant’s troubles may go deeper than many observers appreciate, have downgraded its stock.
By Daphne Howland • Jan. 4, 2023 -
Victoria’s Secret brand chief will leave after less than a year in new role
Amy Hauk, who led the lingerie giant’s Pink brand for four years before the company integrated its two major labels, will exit in March.
By Daphne Howland • Jan. 4, 2023 -
Amazon snags $8B term loan
The e-commerce giant said the “uncertain macroeconomic environment” pushed it to use a variety of financing options over the past few months.
By Dani James • Jan. 4, 2023 -
Victoria’s Secret sets high expectations for Adore Me as deal closes
But the lingerie giant may need to take bolder steps as it attempts to alter consumer perceptions of its own branding, analysts say.
By Daphne Howland • Jan. 4, 2023 -
Sears Hometown stores disappearing from rural America
Liquidation sales are ongoing at 115 locations across 36 states and Puerto Rico, amid the Sears-affiliated home goods retailer's bankruptcy.
By Daphne Howland • Jan. 4, 2023 -
Eastbay website to shut down
Foot Locker’s winddown of the brand’s website marks the completion of a merger between its Champs Sports and Eastbay banners.
By Cara Salpini • Jan. 3, 2023 -
Bark names chief financial officer
Zahir Ibrahim replaces Howard Yeaton, who has been serving as interim CFO since late 2021, and comes with nearly three decades of financial experience.
By Caroline Jansen • Jan. 3, 2023 -
Vince Holding sells intellectual property of Rebecca Taylor
The IP was purchased by an affiliate of Ramani Group and is part of a strategic effort announced last year to shut down the fashion brand.
By Kaarin Vembar • Jan. 3, 2023 -
Revlon set to exit bankruptcy by April
If a judge approves, the beauty company will conclude its Chapter 11 process with its lenders as its new owners, but what happens next remains uncertain.
By Daphne Howland • Dec. 22, 2022 -
Patagonia to close stores, give employees paid week off for the holidays
The company says the decision is important for the quality of life it provides its employees.
By Nate Delesline III • Dec. 22, 2022 -
Under Armour taps 25-year Marriott veteran Stephanie Linnartz as CEO
Despite her lack of retail experience, the executive’s knowledge of strategy, finance, sales, marketing and technology could benefit the brand.
By Cara Salpini • Dec. 22, 2022 -
Holiday returns rise 57% from 2021: report
Consumers have become critical of their discretionary spending and may be returning to repurchase at steeper holiday discounts, Salesforce said.
By Tatiana Walk-Morris • Dec. 22, 2022 -
Nike CEO: ‘The inventory peak is behind us’
The company has worked with Foot Locker CEO Mary Dillon, in addition to other wholesale partners, as it plans its channel strategy.
By Cara Salpini • Dec. 21, 2022 -
US agency cites Amazon for recordkeeping violations on worker injuries, illnesses
The e-commerce giant has faced various safety complaints over the years, and an investigation at six warehouses in five states is ongoing.
By Max Garland • Dec. 21, 2022 -
Consumers are hitting the brakes on apparel purchases: UBS
Department stores and other retailers dependent on clothing sales face a gloomy 2023 and may shutter more locations, according to the analysts.
By Daphne Howland • Dec. 21, 2022 -
Retrieved from Pexels on August 09, 2021
Small, midsize retailers search more for nearby suppliers: report
Learning from larger chains facing inventory issues, small and midsize businesses are working to better predict what they need.
By Tatiana Walk-Morris • Dec. 21, 2022