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Crocs reaches ‘record’ annual revenue of nearly $4B
The company said it’s in the early days of implementing a retail strategy for its Heydude brand and plans to open 30 outlet locations this year.
By Nate Delesline III • Feb. 16, 2024 -
Cara Salpini/Retail Dive
Nike to lay off more than 1,600 employees
On the heels of a cost-savings plan announced in December, the activewear giant confirmed it plans to cut about 2% of its total workforce.
By Cara Salpini • Feb. 16, 2024 -
Trendline
Gen Z and the next-generation consumer
If there's anything retailers want more than financial stability right now, it's to understand Gen Z.
By Retail Dive staff -
Courtesy of Skechers
The Weekly Closeout: Skechers aims for 10K stores and Jeff Bezos sells $4B in Amazon stock
The footwear retailer is halfway to its store opening goal, while the Amazon founder sold billions of shares this week.
By Retail Dive Staff • Feb. 16, 2024 -
Alejandra Salgado/Retail Dive
Rite Aid to lay off employees as it transitions California warehouse operations
The drugstore chain will close its Woodland distribution center and shift work to its facility in Lancaster, the company told sister publication Supply Chain Dive.
By Alejandra Carranza • Feb. 16, 2024 -
Courtesy of Target
Target adds low-price private label brand
Dealworthy includes everyday basics and expands the retailer’s assortment of items that cost less than $1.
By Catherine Douglas Moran • Feb. 15, 2024 -
Paul Butterfield via Getty Images
Funko president resigns
Andrew Perlmutter once also served as the company’s CEO. His last day is March 31.
By Kaarin Moore • Feb. 15, 2024 -
Permission granted by Walmart
4 ways Walmart is working to enhance its growth momentum
Since the start of the year, the company dropped news regarding employee retention, compensation, store revamps and consumer-facing tech initiatives.
By Nate Delesline III • Feb. 15, 2024 -
Permission granted by Away
Away lays off 25% of internal staff
The DTC luggage brand is undergoing a reorganization that also includes "the elimination of a traditional executive team structure.”
By Caroline Jansen • Feb. 14, 2024 -
Courtesy of Hasbro
Hasbro cuts half of its SKUs as sales fall 23% in Q4
CFO Gina Goetter said the products represented just 2% of revenue and were duplicative and unprofitable.
By Nate Delesline III • Feb. 14, 2024 -
Courtesy of Jacksonville Port Authority
Primark expands US footprint with Florida distribution center
The fashion retailer is importing cargo through the Jacksonville Port Authority.
By Alejandra Carranza • Feb. 14, 2024 -
Permission granted by Foxtrot
Foxtrot parent company names new CEO
Rob Twyman, a grocery veteran who worked for decades at Whole Foods, succeeds Liz Williams, who held the role for just under a year.
By Jessica Loder • Feb. 14, 2024 -
Courtesy of Athleta
Athleta launches high-performance Train Collection
The eight-piece collection features PowerMove, a light, breathable, quick-drying proprietary fabric made with recycled polyester.
By Tatiana Walk-Morris • Feb. 14, 2024 -
Courtesy of Instacart
Instacart to lay off 250 workers, part ways with 3 execs
The layoffs are part of a restructuring program that will help “flatten the organization” to focus on core initiatives, CEO Fidji Simo said.
By Jeff Wells , Sam Silverstein • Feb. 14, 2024 -
Permission granted by Express
Express moving toward debt restructuring, possible bankruptcy: WSJ
The business casual-focused apparel retailer has struggled to regain relevance since the height of the pandemic.
By Nate Delesline III • Feb. 13, 2024 -
Courtesy of The Body Shop
The Body Shop enters administration in the UK, citing past ownership and tough retail environment
The beauty retailer, which was just acquired by private equity firm Aurelius in November, will restructure under a process akin to Chapter 11 in the U.S.
By Daphne Howland • Feb. 13, 2024 -
Courtesy of Build-A-Bear
Why Build-A-Bear is pushing checkouts to tablets
The tools let associates better serve and personalize shopper journeys while providing customers with faster checkout options.
By Bryan Wassel • Feb. 13, 2024 -
Courtesy of Hoka
Hoka taps 17-year Nike vet as brand president
Robin Green, the activewear giant’s global vice president of Men’s Running and Fitness, is tasked with driving growth and innovation at Hoka.
By Cara Salpini • Feb. 12, 2024 -
Daphne Howland/Retail Dive
Dollar Tree expands COO role
Mike Creedon will add leadership of Dollar Tree and Family Dollar merchandising and supply chain to his scope.
By Tatiana Walk-Morris • Feb. 12, 2024 -
The Children’s Place scrambles to shore up liquidity, mulls ‘strategic alternatives’
The specialty retailer has retreated from the mall somewhat and boosted e-commerce, but its declines are poised to continue, analysts say.
By Daphne Howland • Feb. 12, 2024 -
Courtesy of Zulily
Zulily’s inventory is up for sale as it winds down
After ceasing operations in December, the e-tailer’s warehouse equipment and $85 million worth of remaining products are being liquidated.
By Ben Unglesbee • Feb. 12, 2024 -
Permission granted by Macy's
Macy’s continues private label push with State of Day
The new restwear, sleepwear and innerwear collection is part of a larger owned brand strategy — one new CEO Tony Spring says he has confidence in.
By Nate Delesline III • Feb. 9, 2024 -
Courtesy of Kohl's
Is Kohl’s real estate attracting investors?
Various funds, including one owned by the Singapore government, have taken stakes in recent days as rumors swirl about activist pressure.
By Daphne Howland • Feb. 9, 2024 -
Courtesy of Walt Disney World Resort/PRNewswire
ColumnThe Weekly Closeout: Disney turns to villains for bridal inspiration, Abercrombie & Fitch Co. cuts a role
The company looked to Ursula and Maleficent for a collection with Allure Bridals, while the specialty retailer eliminated its global brands president position.
By Retail Dive Staff • Feb. 9, 2024 -
Courtesy of Puma
Puma taps H&M vet to lead global brand strategy
Julie Legrand, who also held senior brand and marketing positions at Procter & Gamble, joins the athletics retailer with 20 years of experience.
By Howard Ruben • Feb. 9, 2024 -
Courtesy of Mattel
After ‘milestone year’ Mattel targets $200M in cost savings
The toy manufacturer named a new chief strategy officer and rolled out a business optimization plan to drive further profitability as Q4 sales grew 16%.
By Nate Delesline III • Feb. 9, 2024
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