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Furniture maker Mitchell Gold + Bob Williams shuts down over inability to secure ‘critical financing’
The company, which was acquired by private equity firm The Stephens Group in 2014, closed despite a recent $20 million investment by the firm.
By Nate Delesline III • Aug. 30, 2023 -
Ann Taylor, Loft, Talbots form new KnitWell Group
Sycamore Partners acquired Talbots over a decade ago and the other KnitWell brands during Ascena’s 2020 bankruptcy.
By Daphne Howland • Aug. 30, 2023 -
Trendline
How marketplaces are evolving
From regulation and counterfeits to the launch of new platforms, here's where marketplaces are cropping up in retail.
By Retail Dive staff -
Amazon tests $35 free shipping minimum
The e-commerce giant is testing the free shipping threshold with select groups of non-Prime members.
By Kaarin Moore • Aug. 30, 2023 -
Kohl’s cuts inventory by 14% as it prioritizes discipline
The retailer’s aggressive, ahead-of-schedule inventory reductions represented significant progress toward those goals.
By Ben Unglesbee • Aug. 30, 2023 -
Big Lots completes store leasebacks, takes ‘decisive actions’ to lower costs
The retailer said its core lower-income customer remains under pressure, but expects improvements in the back half of the year.
By Nate Delesline III • Aug. 29, 2023 -
Designer Brands President Bill Jordan to exit
Jordan has been with the company in various roles for nearly 18 years and plans to exit by the beginning of December.
By Cara Salpini • Aug. 29, 2023 -
Vuori set a goal to open 100 stores by 2026. Here’s a look at the DTC brand’s progress.
The DTC activewear brand has steadily added to its footprint two years after announcing plans to drastically expand its brick-and-mortar presence.
By Caroline Jansen • Aug. 29, 2023 -
Authentic Brands Group lands partnership for Hunter Boots in China, Southeast Asia
Under the deal, Baozun Inc. acquired a 51% equity interest in the heritage boot brand’s intellectual property across the regions.
By Laurel Deppen • Aug. 29, 2023 -
J.C. Penney partners with celebrity stylist Jason Bolden
In a first-ever stylist collaboration for the department store, Bolden will reimagine collections for its J. Ferrar and Worthington private labels.
By Tatiana Walk-Morris • Aug. 29, 2023 -
Guess aims to shrink inventories by 10% this year
The apparel brand is cutting stock levels as its supply chain speeds up, and as new planning and allocating systems come online.
By Ben Unglesbee • Aug. 29, 2023 -
Rite Aid reportedly preparing Chapter 11 bankruptcy filing
A filing could help the retailer restructure $3.3 billion in debt and address a slew of lawsuits alleging it unlawfully filled opioid prescriptions.
By Nate Delesline III • Aug. 28, 2023 -
New Gap Inc. CEO: ‘We need to make these brands matter more’
Further declines in Q2 greeted former Mattel executive Richard Dickson as he took the helm at the apparel conglomerate.
By Daphne Howland • Aug. 28, 2023 -
Leonard Lauder steps down from Estée Lauder board
He will remain Chairman Emeritus and designated his sons William and Gary as directors of the company.
By Kaarin Moore • Aug. 28, 2023 -
Column
The Weekly Closeout: Petco swings to a loss and Ace Hardware plans 170 stores this year
The pet retailer reported its 19th consecutive quarter of comp growth, while the hardware cooperative has already opened 100 of its planned stores.
By Retail Dive Staff • Aug. 25, 2023 -
Walmart, Alphabet’s Wing team up for drone delivery in Texas
Two stores in the Dallas-Fort Worth area will offer the service for customers within a 6-mile radius by the end of the year.
By Max Garland • Aug. 25, 2023 -
Ulta says locked fragrance cabinets are helping sales
The cases, which are in about half of the beauty retailer’s stores, are reducing theft and keeping product in stock.
By Cara Salpini • Aug. 25, 2023 -
Nordstrom pushes ahead with Rack expansion despite declines
Credit card delinquencies are up and prospects for the holiday quarter are hazy, executives said on Thursday.
By Daphne Howland • Aug. 25, 2023 -
Revlon builds out exec team, names CFO
The company also brought on a president of North America and a chief strategy and transformation officer.
By Kaarin Moore • Aug. 25, 2023 -
Winn-Dixie opens in-store Party City department
The store-within-a-store format at the regional grocer’s newest location puts an emphasis on shopper convenience.
By Peyton Bigora • Aug. 25, 2023 -
Oddity names SpoiledChild CEO
Gil Efrati brings marketing experience from direct-to-consumer company Resident as well as Google.
By Dani James • Aug. 24, 2023 -
Dollar Tree agrees to $1.35M OSHA penalty over store safety violations
The discounter's Q2 revenue rose, but profits are down amid adjustments to operations at its namesake and Family Dollar banners.
By Daphne Howland • Aug. 24, 2023 -
Tractor Supply looks to attract small business suppliers
In an effort to support local businesses, the retailer is opening applications to bring in suppliers in categories like lawn and garden and home decor.
By Tatiana Walk-Morris • Aug. 24, 2023 -
Macy’s inventory churn holds steady in Q2
The retailer has focused on merchandise management as it works to maintain margins amid reduced consumer spending.
By Ben Unglesbee • Aug. 24, 2023 -
Ghost raises $30M to help brands, retailers move surplus inventory
The members-only B2B marketplace allows sellers to monetize their surplus inventory to vetted buyers.
By Tatiana Walk-Morris • Aug. 24, 2023 -
Bath & Body Works loyalty members now make up 75% of US sales
The program has ballooned to 38 million members in one year. The retailer also opened 30 new off-mall stores in Q2 as it looks for growth.
By Nate Delesline III • Aug. 23, 2023