Operations: Page 57
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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 -
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 -
"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 -
Courtesy of Adidas
Adidas global operations exec Martin Shankland to step down
After a nearly 30-year career, Shankland’s responsibilities will be passed on to CFO Harm Ohlmeyer and Senior Vice President of Sourcing Hoa Ly.
By Nate Delesline III • Aug. 6, 2024 -
Daphne Howland/Retail Dive
Simon malls notch Q2 gains in occupancy, traffic and retail sales
But net operating income at the REIT’s retailer portfolio, which includes J.C. Penney, Gilt Groupe and the entity that runs Forever 21, declined again.
By Daphne Howland • Aug. 6, 2024 -
Courtesy of ThredUp
ThredUp debuts AI search, chatbot tools
The recommerce company said the tools are designed to understand natural language and visual cues to help customers get more personalized results.
By Tatiana Walk-Morris • Aug. 6, 2024 -
Cara Salpini/Retail Dive
Under Armour chief consumer officer exits as 26-year Adidas veteran joins the brand
Jim Dausch is leaving at the end of the month as Eric Liedtke, former brand president at Adidas, joins the company to lead brand strategy.
By Cara Salpini • Aug. 6, 2024 -
Tibrina Hobson via Getty Images
Funko agrees to $2M settlement to resolve claims it misled investors
Multiple lawsuits claim the company failed to disclose sales and operational troubles — and that executives used inside information to enrich themselves.
By Daphne Howland • Aug. 6, 2024 -
Nate Delesline III/Retail Dive
Big Lots may close up to 315 stores
The retailer requires “significant changes to the business model to continue as a going concern,” analysts said.
By Nate Delesline III • Aug. 5, 2024 -
Daphne Howland/Retail Dive
REI lays off 7 employees as it reorganizes experiences division
The outdoor retailer said the cuts, which are the latest in a string of layoffs at the company, are part of an “evolving business strategy.”
By Cara Salpini • Aug. 5, 2024 -
Getty Images
FTC chair presses for investigation into high grocery prices
Lina Khan said an inquiry would “shed light” on why food prices and grocers’ profits have stayed elevated even as inflation has come down.
By Peyton Bigora • Aug. 5, 2024 -
Courtesy of Mercari
Mercari opens first physical store in Los Angeles
Mercari on Melrose includes a spot for sellers to list items, a dedicated DIY and events space, and a partner pop-up area.
By Tatiana Walk-Morris • Aug. 5, 2024 -
Justin Sullivan via Getty Images
Amazon moves up Black Friday inventory deadline for sellers
The e-commerce giant wants products in a week earlier than in 2023 as it looks to maintain fast Prime delivery speeds during its busiest time of year.
By Max Garland • Aug. 5, 2024
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