Operations: Page 83
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GameStop names Ryan Cohen CEO
The move places the manager of the video game retailer's largest shareholder in charge of the company.
By Nate Delesline III • Sept. 28, 2023 -
Showfields closes New York store in Manhattan
The retailer closed its Miami location in July and will focus on its stores still open in Brooklyn and Washington, D.C.
By Dani James • Sept. 28, 2023 -
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 -
Sycamore to buy Chico’s for $1B
The agreement strikes a deal that eluded the private equity firm four years ago, despite repeated attempts then to acquire the women’s apparel retailer.
By Daphne Howland • Sept. 28, 2023 -
Lululemon to discontinue Mirror as it teams up with Peloton
Peloton will be Lululemon’s digital fitness content provider, and co-branded apparel began selling through Peloton in select locations in October.
By Dani James • Sept. 28, 2023 -
Kohl’s appoints former Tuesday Morning CEO as director of stores
Fred Hand, who was also the previous COO of Burlington, will oversee the retailer’s more than 1,100 stores.
By Tatiana Walk-Morris • Sept. 28, 2023 -
Retrieved from Business Wire on September 27, 2023
Square adds merchant tools
Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.
By Caitlin Mullen • Sept. 28, 2023 -
‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo
Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.
By Ben Unglesbee • Sept. 28, 2023 -
Target to close 9 stores over theft, safety concerns
Stores in major cities like San Francisco, New York and Seattle are slated to shutter as a result of “unsustainable business performance.”
By Nate Delesline III • Sept. 27, 2023 -
Retail shrink, theft changed little in 2022
But more retailers are concerned about escalating violence in stores, which experts say carries other costs beyond shrink.
By Daphne Howland • Sept. 27, 2023 -
Peloton co-founder, chief product officer to step down
Tom Cortese will be replaced in November by Nick Caldwell, who has over 20 years of experience working at various technology companies.
By Dani James • Sept. 27, 2023 -
As US consumers slow down, Walmart is muscling out its competition
The retail giant is embracing strategies previously mastered by Target, Amazon and others, and that’s paying off, various analysts report.
By Daphne Howland • Sept. 27, 2023 -
FTC, 17 states sue Amazon for ‘exploiting its monopoly power’
The e-commerce giant defended the practices outlined in the lawsuit, saying they “spur competition and innovation across the retail industry.”
By Daphne Howland • Sept. 26, 2023 -
UrbanStems hires new chief executive officer
The online floral company has tapped Ana Mollinedo Mims for the position, succeeding Seth Goldman who has served as CEO since 2018.
By Dani James • Sept. 26, 2023 -
Dick’s to shutter 11 Moosejaw stores amid integration with Public Lands
Three Moosejaw locations will remain open, while the rest — and the outdoor retailer’s headquarters — are scheduled to close by February.
By Cara Salpini • Sept. 26, 2023 -
Shoe Carnival CFO exits after 5 months
Patrick Edwards was named the company's new chief financial officer — the third person to serve in the role this year.
By Nate Delesline III • Sept. 26, 2023 -
Rent the Runway secures new UPS deal to reduce transportation costs
Through the agreement reached last month, UPS will handle most of the online apparel rental company’s shipping needs.
By Max Garland • Sept. 26, 2023 -
Peloton names SVP of apparel, accessories
A few months after the fitness brand launched a rebrand, Cédric Fletcher joins the company with experience from Nike and Under Armour.
By Dani James • Sept. 25, 2023 -
Rite Aid could close hundreds of stores in possible bankruptcy: WSJ
The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.
By Nate Delesline III • Sept. 25, 2023 -
J.C. Penney Q2 sales, profits slide
Still, margins expanded, inventory is down, store traffic is up and the department store remains in the black.
By Daphne Howland • Sept. 25, 2023 -
Applications open for Macy’s vendor diversity accelerator
Established in 2011, the retailer is set to welcome its next cohort of underrepresented business owners in May.
By Nate Delesline III • Sept. 25, 2023 -
Fly By Jing expands to 1,200 Target stores
The brand launched at Target in 2021, and the move builds on its wholesale presence, which also includes partnerships with Whole Foods and Costco.
By Howard Ruben • Sept. 25, 2023 -
Meati Foods reduces staff by 10% as it focuses on profitability
The fermented meat company said the layoffs were not a result of the demand it has seen for its products.
By Elizabeth Flood • Sept. 25, 2023 -
Deep Dive
Can Express survive a new era of apparel?
As profits decline and momentum slows, the retailer is working to regain profitability and expand its brand in a tough macroeconomic environment.
By Nate Delesline III • Sept. 25, 2023 -
Retrieved from Noble House Home Furnishings on September 21, 2023
Furniture-maker Noble House falls into bankruptcy, owes overseas suppliers millions
The company, which sells to some of the largest U.S. retailers, suffered from rising costs and disruptions in its supply chain.
By Ben Unglesbee • Sept. 25, 2023 -
Sponsored by Deposco
5 reasons why supply chain execs are buckling down on order accuracy for 2023 peak season
How do your preparations for peak season compare to what other retail leaders are doing?
Sept. 25, 2023