Operations: Page 71
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Tapestry revenues decline in North America
Coach, Tapestry’s largest brand, was the highest performer during the quarter, and it showed a 3% sales increase to $1.2 billion.
By Laurel Deppen • Aug. 18, 2023 -
Walmart raises guidance after solid Q2
Consumers continue to rely on the retailer for essentials but its CEO sees opportunity to drive discretionary buys.
By Nate Delesline III • Aug. 17, 2023 -
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 -
RadioShack under new ownership again
Unicomer Group has taken over from Retail Ecommerce Ventures, which first acquired the retailer's IP in 2020.
By Daphne Howland • Aug. 17, 2023 -
Amazon expands BNPL offering to other retailers’ sites
Tens of thousands of retailers with the Amazon Pay checkout option can now offer buy now, pay later financing to shoppers.
By James Pothen • Aug. 17, 2023 -
Deep Dive
Who will pay to decarbonize the supply chain?
Some brands are helping their suppliers reduce greenhouse gas emissions. Others are dumping new requirements on vendors without shouldering any of the costs.
By Ben Unglesbee • Aug. 17, 2023 -
Target’s Q2 profits beat expectations despite soft sales
The retailer also acknowledged controversy over its Pride month assortment affected performance.
By Nate Delesline III • Aug. 16, 2023 -
Macy’s names chief customer and digital officer
Massimo Magni, who has over 20 years of experience with McKinsey & Company, joins the retailer as it is investing billions in technology.
By Kaarin Moore • Aug. 16, 2023 -
Deep Dive
What Gap Inc. needs from its new CEO
Longtime Mattel executive Richard Dickson is taking the reins of an apparel conglomerate — whose brands all need some help.
By Daphne Howland • Aug. 16, 2023 -
Grove Collaborative co-founder out as CEO
Stuart Landesberg will exit the chief executive role Wednesday, being succeeded by former Zulily and Shopbop CEO Jeff Yurcisin.
By Caroline Jansen • Aug. 15, 2023 -
Home Depot positive on full year as Q2 beats expectations
Although sales of big-ticket items are down, the retailer is expanding its offering in the hand tools, kitchen and bath sectors.
By Nate Delesline III • Aug. 15, 2023 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
Destination XL extends CEO’s contract
Harvey Kanter will stay with the company as its president and chief executive through August 2026.
By Kaarin Moore • Aug. 15, 2023 -
"HK Quarry Bay Taikoo Shing Cityplaza Columbia Sportswear Co Shop.JPG" by Nmioenic is licensed under CC BY-SA 3.0
Columbia rehires Canada Goose exec for chief product officer
Woody Blackford was with Columbia for 14 years before joining rival outerwear firm Canada Goose in 2020.
By Laurel Deppen • Aug. 15, 2023 -
Serta Simmons Bedding names COO amid turnaround
The company appointed a number of new executives this summer after it filed for bankruptcy at the start of the year.
By Kaarin Moore • Aug. 14, 2023 -
Neiman Marcus cuts corporate staff to boost cross-functional collaboration
The department store said less than 1% of its workforce is affected by the latest layoffs as it continues to implement a strategy unveiled in February.
By Daphne Howland • Aug. 14, 2023 -
Consumer product maker Amyris files for bankruptcy, lays off another 260 workers
The biotech company’s entire portfolio of brands, which includes JVN, Biossance and Rose Inc., is also up for sale.
By Daphne Howland • Aug. 11, 2023 -
Fashion execs plan more reductions in sourcing from China in 2023: report
Nearly 80% are scaling back, and a record 15% aim to “strongly decrease” their reliance on the country, according to a U.S. Fashion Industry Association study.
By Ben Unglesbee • Aug. 11, 2023 -
Wolverine Worldwide fires CEO as company reports weak Q2
The shoe and apparel company has moved to strengthen and reorganize its brand portfolio in recent years.
By Nate Delesline III • Aug. 10, 2023 -
Tapestry agrees to buy rival fashion house Capri for $8.5B
The Michael Kors brand has already emerged as a problem to solve, at what will be the fourth largest luxury house in the world.
By Daphne Howland • Aug. 10, 2023 -
Wayfair’s suppliers are ‘reverting to normal’: CEO
Stock levels for many home goods vendors have reached healthy levels after peaking last year, while product introductions are at their highest in three years.
By Ben Unglesbee • Aug. 10, 2023 -
MycoWorks releases details on new commercial-scale plant
The mushroom biofiber firm’s 136,000-square-foot facility, set to begin operating in September, could supply millions of square feet of its Reishi leather alternative.
By Lara Ewen • Aug. 10, 2023 -
ThredUp, The RealReal take different paths to profitability
Both online resale companies are focusing more on consignment and are exploring other, higher-margin revenue streams as well.
By Daphne Howland • Aug. 9, 2023 -
Topo Designs taps company vet as CEO
The outdoor apparel brand appointed the brand’s chief operating officer, Matt Williams, as its chief executive, succeeding co-founder Mark Hansen.
By Howard Ruben • Aug. 9, 2023 -
Target to expand Starbucks curbside pickup service nationwide
The retailer is leaning in on providing a more full-service curbside experience for customers.
By Nate Delesline III • Aug. 9, 2023 -
J. Crew taps apparel veteran Adrienne Lazarus to lead Madewell
Most recently Lazarus co-led DTC intimates brand Cuup, and has held leadership roles at Intermix, Ann Taylor, Bandier and Frye.
By Daphne Howland • Aug. 9, 2023 -
Rite Aid CTO out as new chief marketer joins
Justin Mennen left the company at the end of July. Meanwhile, the retailer named a new chief marketing officer as well as a chief information officer.
By Nate Delesline III • Aug. 9, 2023