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Courtesy of iRobot
Amazon won’t buy iRobot after all
In 2022 the e-commerce giant had agreed to acquire the Roomba maker for $1.7 billion, but the deal faced antitrust scrutiny in the U.S. and Europe.
By Daphne Howland • Jan. 29, 2024 -
Kirkland’s secures $12M in additional debt financing
The retailer, which earlier this month named a new CEO, said the additional financing will support its repositioning efforts.
By Nate Delesline III • Jan. 29, 2024 -
Trendline
Top 5 stories from Retail Dive
From Target’s path forward under a new CEO to the retailers most vulnerable to bankruptcy, here’s a look at the stories shaping the industry.
By Retail Dive staff -
Getty Images
Retailers have finally tamed their inventories: report
Sales growth outpaced inventory in the third quarter for the first time since the pandemic began, according to Telsey Advisory Group analysts.
By Ben Unglesbee • Jan. 29, 2024 -
Ian Gavan via Getty Images
Superdry CFO to step down as the company warns of rough market conditions
The departure marks the fourth finance chief to leave the troubled retailer in five years.
By Grace Noto • Jan. 29, 2024 -
Courtesy of Brooklinen
Building out its physical footprint, Brooklinen opens store in Washington, DC
The store, which opened Saturday, is located in the Logan Circle neighborhood in the historic Black Cat concert venue.
By Howard Ruben • Jan. 29, 2024 -
Retailers are finding more of what they want off mall
Lower rents and greater flexibility are luring stalwart anchors and specialty retailers to outlets and strip centers, analysts say.
By Nate Delesline III • Jan. 29, 2024 -
Photo by Scott Olson/Getty Images via Getty Images
Fruit of the Loom lays off more than 100 workers at distribution center
The innerwear and activewear manufacturer is closing one of its locations in South Carolina.
By Laurel Deppen • Jan. 26, 2024 -
Courtesy of REI Co-op
REI to lay off 357, including 200 at corporate headquarters
The move is the company’s third round of layoffs in less than 12 months.
By Nate Delesline III • Jan. 26, 2024 -
Daphne Howland/Retail Dive
Levi’s to lay off as much as 15% of its workforce
Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.
By Daphne Howland • Jan. 26, 2024 -
Permission granted by WHP Global
Babies R Us to expand into Mexico
Its first store in the region is set to open in the second half of the year, followed by a flagship e-commerce platform and additional stores.
By Nate Delesline III • Jan. 26, 2024 -
Permission granted by Petco
ColumnThe Weekly Closeout: Petco deepens healthcare ties as Sephora’s leadership shakeup continues
The pet retailer partnered with Nationwide on customizable pet insurance, while the beauty retailer’s top ranks saw more movement.
By Retail Dive Staff • Jan. 26, 2024 -
Kaarin Vembar/Retail Dive
Walmart’s EVP of Neighborhood Market is retiring from the company
Kelvin Buncum, who spent more than 12 years at the retailer, is the latest in a string of top executive departures.
By Catherine Douglas Moran • Jan. 25, 2024 -
Courtesy of Athletic Brewing
How Athletic Brewing plans to prevail past Dry January
The nonalcoholic beer category leader is focusing on educating moderation-minded drinkers about the nutritional benefits of its products.
By Chris Casey • Jan. 25, 2024 -
Courtesy of EBay
EBay lays off 9% of its workforce, affecting 1K employees
The company will also scale back contract work in an effort to align costs more closely with the pace of growth, CEO Jamie Iannone said.
By Daphne Howland • Jan. 24, 2024 -
Sean Gallup via Getty Images
Beyond the numbers: Macy’s, Levi Strauss CFOs dish strategy
Finance leaders are increasingly balancing financial and strategic duties. For some retail CFOs that’s meant a bigger role in growing market share.
By Suman Bhattacharyya • Jan. 24, 2024 -
Courtesy of Academy Sports and Outdoors
Academy Sports and Outdoors appoints new chief supply chain officer
Robert Howell will take on the role next month, as the company expands its product assortment and store count.
By Tatiana Walk-Morris • Jan. 24, 2024 -
Courtesy of Impossible Foods
Impossible Foods makes executive changes for a ‘decisive year,’ CEO says
The plant-based pioneer appointed Colgate-Palmolive veteran Elaine Paik as its new CFO, while Emma Hutchens takes over as chief people officer.
By Elizabeth Flood • Jan. 24, 2024 -
Courtesy of RILA
Deep Dive7 reasons why everyone’s confused about shrink and theft
There’s even less data about retail crime now that the National Retail Federation has retracted a key claim about its impact. What’s going on?
By Daphne Howland • Jan. 24, 2024 -
Courtesy of National Retail Federation
Every store is a flagship
Most stores have no vibe because retailers lost sight of what makes people get off the couch, according to WD Partners' Lee Peterson.
By Daphne Howland • Jan. 23, 2024 -
Courtesy of Gap Inc.
Beyond Yoga taps Old Navy, Athleta veteran Nancy Green as CEO
Co-founder Michelle Wahler will step down next month. Chief Operations Officer and Chief Financial Officer Jesse Adams is also leaving.
By Cara Salpini • Jan. 23, 2024 -
Courtesy of Designer Brands
Everlane CEO jumps to Designer Brands
Andrea O'Donnell, who also has merchandising and brand-building experience at Deckers and LVMH-owned DFS Group, was named brands chief.
By Daphne Howland • Jan. 23, 2024 -
Daphne Howland/Retail Dive
VF Corp. cyberattack impacted 35.5M consumers
The North Face and Vans parent company originally reported the incident at the height of the holiday season.
By Kaarin Moore • Jan. 23, 2024 -
Courtesy of National Retail Federation
The surprising reason Tractor Supply has embraced AI
CEO Hal Lawton said the retailer is investing heavily in the generative tech, and that its most important purpose is old-fashioned customer service.
By Daphne Howland • Jan. 23, 2024 -
Craig Barritt via Getty Images
‘It’s a tough industry out there’: A look at the furniture supply chain’s challenging year
Operational headaches have contributed to financial failures among some suppliers. That has created problems for retailers — and opportunities.
By Ben Unglesbee • Jan. 23, 2024 -
Kaarin Vembar/Retail Dive
Casper appoints Purple veteran as CEO
The DTC mattress brand brought on Joe Megibow as its chief executive, succeeding Emilie Arel, who has held the position since 2021.
By Caroline Jansen • Jan. 22, 2024
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