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Courtesy of Lowe's
Lowe’s to give $100M in bonuses to frontline workers
The home improvement retailer is maintaining its full-year guidance after it beat earnings expectations.
By Nate Delesline III • Aug. 22, 2023 -
Courtesy of Macy's: Jean-Marc Giboux, AP Photography for Macy's
Macy’s swings to a loss in Q2 as consumer situation deteriorates
Credit card delinquencies took an $84 million bite out of revenue, but sales fell in stores and online as well.
By Daphne Howland • Aug. 22, 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 -
Permission granted by Dick's Sporting Goods
Dick’s cuts jobs as theft takes a bite out of profit
The athletics retailer rolled out a business optimization plan to streamline its cost structure, while executives called theft an “increasingly serious issue.”
By Cara Salpini • Aug. 22, 2023 -
Permission granted by Away
Away lays off 22, including chief commercial officer
To better align with its growth strategy, the travel brand in May reduced its workforce, including CCO Laura Willensky.
By Dani James • Aug. 22, 2023 -
Getty Images
Retail leaders struggle to find budget for emerging tech goals, study finds
Industry leaders want broader adoption of emerging technologies, but concerns over cost and finding business value stand in their way.
By Roberto Torres • Aug. 22, 2023 -
Getty Images
Lee, Wrangler parent taps new CFO
Kontoor Brands has named Joe Alkire to the finance post as CFO Rustin Welton retires. The company also recently reduced its global workforce.
By Maura Webber Sadovi • Aug. 22, 2023 -
Courtesy of QVC
QVC expands private label to include adaptive clothing
The Denim & Co. Adaptive brand is an addition to QVC’s accessible and adaptive category that launched in March.
By Xanayra Marin-Lopez • Aug. 22, 2023 -
Courtesy of Amazon
Amazon Shipping relaunches, offering sellers delivery on outside channels
The service can deliver goods in two to five business days for shipments within the contiguous U.S.
By Max Garland • Aug. 22, 2023 -
Courtesy of Boxed
Boxed acquired by MSG Distributors
The regional distributor of consumables and household products said it will work to continue serving Boxed’s customers, vendors and brands.
By Peyton Bigora • Aug. 22, 2023 -
Courtesy of Authentic Brands
Reebok opens its first full-line store in Mexico
The brand is attempting a comeback since Adidas sold it at a major loss to Authentic Brands Group two years ago.
By Daphne Howland • Aug. 21, 2023 -
Courtesy of Skechers
Skechers signs Harry Kane, plans soccer debut
The footwear company will launch its first soccer cleat, the SKX_01, in the U.K. and Europe in September.
By Cara Salpini • Aug. 21, 2023 -
Courtesy of Happy Socks
Happy Socks appoints new CEO
Alexander Meyer comes to the company from The Bay, where he served as chief customer officer.
By Dani James • Aug. 21, 2023 -
Getty Images
Sponsored by Honeywell InternationalGaining store-level insights to help reduce energy use
Companies worldwide are establishing sustainability goals – typically focused on reducing energy consumption thus improving their carbon footprint.
Aug. 21, 2023 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Target faces ESG lawsuit, BeautyStat names chief marketing officer
The suit filed by a Target stockholder alleges that the retailer misled shareholders over the effect its ESG efforts would have on its performance.
By Retail Dive Staff • Aug. 18, 2023 -
Courtesy of Petco
Petco expands DoorDash partnership, enhances app
Over 10,000 of the retailer’s products for pets including dogs, cats, fish, reptiles and birds are available on DoorDash Marketplace.
By Tatiana Walk-Morris • Aug. 18, 2023 -
Christmas Tree Shops to liquidate under Chapter 7
The retailer’s bankruptcy was converted from Chapter 11 this week, with the judge stepping in to prioritize paying store employee wages.
By Daphne Howland • Aug. 18, 2023 -
Daphne Howland/Retail Dive
Express plans layoffs, reverse stock split
The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.
By Nate Delesline III • Aug. 18, 2023 -
Spencer Platt/Getty Images via Getty Images
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 -
Kaarin Vembar/Retail Dive
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 -
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 -
Permission granted by Amazon.
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 -
Getty Images
Deep DiveWho 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 -
Daphne Howland/Retail Dive
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 -
Daphne Howland/Retail Dive
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 -
Courtesy of Gap Inc.
Deep DiveWhat 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
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