Operations: Page 40
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Courtesy of Ingka Investments
Ikea majority owner invests in real estate in NYC
Ingka Investments plans to build a retail and office space three minutes from Grand Central Station and Bryant Park.
By Xanayra Marin-Lopez • July 3, 2024 -
All Bob’s Stores locations to close
The retailer was unable to secure the financing necessary to keep operating. The fate of sibling Eastern Mountain Sports remains unclear.
By Daphne Howland • July 2, 2024 -
Trendline
Digital innovation and technology trends in retail
Generative AI and TikTok Shop have replaced the metaverse and NFTs as the hot topics of the day — here’s a look at how brands are using them.
By Retail Dive staff -
Courtesy of Signet Jewelers
Rocksbox drops rental subscription
The jewelry company has rebranded as an e-commerce site, selling both new and pre-owned items.
By Howard Ruben • July 2, 2024 -
Courtesy of Framebridge
Framebridge opens first store in Texas
The location in Austin marks the DTC framing company’s 23rd store nationwide.
By Howard Ruben • July 2, 2024 -
Astrid Stawiarz via Getty Images
Fossil names interim CFO after finance chief follows CEO out the door
The watch and jewelry retailer is bringing in a Radisson Hotel and Icahn Enterprises alum as interim CFO after reporting a 22% drop in net sales for its most recent quarter.
By Grace Noto • July 2, 2024 -
Courtesy of M.M. LaFleur
M.M. LaFleur’s CEO on the brand’s evolution and relaunching a store fleet
It’s been years since M.M. LaFleur shuttered its subscription service and closed all its stores. Now it’s recommitting to both.
By Cara Salpini • July 2, 2024 -
Courtesy of Target
Target relaunches Auden intimates and sleepwear private label
The retailer has recently introduced new in-house brands and relaunched or expanded several of its most popular ones.
By Nate Delesline III • July 1, 2024 -
Courtesy of Joann
Joann launches Gen Z-focused brand campaign
A key element of the craft retailer’s first major post-bankruptcy initiatives will involve leveraging influencer relationships.
By Nate Delesline III • July 1, 2024 -
Courtesy of Sam's Club
Gen Z, millennials drive membership growth at Sam’s Club
Walmart CFO John David Rainey said the digital experience at the club retailer resonates with that cohort.
By Kaarin Moore • July 1, 2024 -
Courtesy of Saks FIfth Avenue
Saks Fifth Avenue expands standalone Fifth Avenue Club locations
The retailer is increasing the presence of its luxury personal shopping and styling service locations into major markets this year.
By Tatiana Walk-Morris • July 1, 2024 -
Justin Sullivan/Getty Images via Getty Images
Hibbett taps Walmart GoLocal for fast delivery
The white-label delivery service will help get online orders from the retailer's stores to customers.
By Max Garland • July 1, 2024 -
Kevin Frayer/Getty Images via Getty Images
Nike expects more revenue declines ahead after ‘sluggish’ Q4
CEO John Donahoe said the company is “embracing a more balanced approach” to DTC and wholesale after a rough set of numbers.
By Cara Salpini • June 28, 2024 -
Andrew Harnik via Getty Images
SCOTUS overturns Chevron doctrine, limiting federal agency reach
Federal courts will no longer have to defer to agency regulations for interpretation of ambiguous statutes.
By Ryan Golden , Ginger Christ • June 28, 2024 -
Permission granted by Chewy
ColumnThe Weekly Closeout: Chewy plans $500M share buyback, Conn’s receives Nasdaq delinquency notice
The online pet retailer agreed to repurchase shares from its largest shareholder, while the home retailer received the notification after not filing its latest quarterly report.
By Retail Dive Staff • June 28, 2024 -
Courtesy of Puma
Puma taps Tommy Hilfiger, Calvin Klein veteran for VP of DTC
Erik Janshen will lead the brand’s global direct-to-consumer sales, including stores, e-commerce and “several online marketplaces.”
By Cara Salpini • June 28, 2024 -
Scott Olson via Getty Images
Walgreens to close ‘significant’ number of US stores
The company is reviewing about 25% of its 8,700 domestic stores, with profitability and level of shrink factoring into which locations stay open.
By Rebecca Pifer • June 27, 2024 -
Daphne Howland/Retail Dive
Levi’s DTC growth speeds up in Q2 as wholesale improves
The iconic jeans maker is responding to demand for looser fits and non-denim categories and plans to expand its global footprint by 70 new stores.
By Daphne Howland • June 27, 2024 -
Courtesy of David's Bridal
David’s Bridal debuts shapewear line
The new Shapewear DB Studio collection marks the retailer’s expansion into another product category.
By Tatiana Walk-Morris • June 27, 2024 -
Kendall Davis/Retail Dive
Podcast
The Backroom: What’s going on with Amazon Fashion?
The podcast welcomes Fashion Dive to discuss what the e-commerce giant’s approach means for brands and consumers, and what could be different.
By Retail Dive Staff • June 27, 2024 -
Courtesy of Skechers
Skechers supplier accused of using forced labor
Two other vendors also joined the Department of Homeland Security’s list of companies banned from importing goods into the U.S.
By Kelly Stroh • June 26, 2024 -
Courtesy of Serta Simmons Bedding
Serta Simmons Bedding names CEO
Jim Loree is the fourth person in less than a year to hold the company’s top spot.
By Kaarin Moore • June 26, 2024 -
Daphne Howland/Retail Dive
L.L. Bean looks beyond New England for growth
The iconic outdoor retailer is opening four U.S. stores this year, and will head to the Southeast and Midwest for further expansion in 2025.
By Daphne Howland • June 26, 2024 -
Sam Silverstein/Retail Dive
Target reshuffles C-suite
Among the changes, current Chief Marketing Officer Lisa Roath will become chief merchandising officer of food, essentials and beauty early next year.
By Catherine Douglas Moran • June 25, 2024 -
Daphne Howland/Retail Dive
Lawsuit claims Nike CEO John Donahoe misled investors about the success of its DTC strategy
The lawsuit alleges that Donahoe and Chief Financial Officer Matt Friend continually touted the strength of its strategy when in fact it was “unable to generate sustainable revenue growth.”
By Cara Salpini • June 25, 2024 -
Daphne Howland/Retail Dive
Target teams with Shopify to expand its marketplace
A selection of Shopify merchants, like True Classic, will join the mass merchant’s digital marketplace, with some available in stores in coming months.
By Tatiana Walk-Morris • June 25, 2024
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