Funko lays off 12% of workforce

The staff cuts affect 180 employees and come as the company, known for its pop-culture-inspired figures and collectibles, reported sales fell 24% in Q2.

By Howard Ruben • Aug. 7, 2023

Levi Strauss strengthens East Coast e-commerce fulfillment with Kentucky facility

The 575,700-square-foot facility aims to lower lead times and optimize inventory positioning.

By Alejandra Carranza • Aug. 7, 2023

Explore the 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

Overstock attracts new suppliers with Bed Bath & Beyond rebrand

The retailer has increased its SKU count by 600,000 since it bought the chain’s intellectual property out of bankruptcy.

By Ben Unglesbee • Aug. 7, 2023

Amazon’s Q2 online retail sales beat forecast

CEO Andy Jassy said the company remains focused on lowering costs without sacrificing delivery speed.

By Nate Delesline III • Aug. 4, 2023

The Weekly Closeout: Ulta CEO joins Best Buy’s board, while Petco plans for Halloween

Dave Kimbell comes in with deep specialty retail experience. Meanwhile, the pet retailer has already released a collection for the upcoming holiday.

By Retail Dive Staff • Aug. 4, 2023

Arc’teryx opens New York City store at Brookfield Place

The store is the Canadian-based outdoor retailer’s fourth location in the city and adds to the brand’s growing brick-and-mortar presence.

By Howard Ruben • Aug. 4, 2023

UpWest to open 3 new stores

The DTC brand’s brick-and-mortar locations are attracting new customers and digital sales in surrounding ZIP codes, according to executives. 

By Tatiana Walk-Morris • Aug. 4, 2023

Simon Property Group says its retail portfolio is worth $3.5B

CEO David Simon didn’t spell out how the valuation was determined, but net operating income from the holdings fell 57% in Q2.

By Daphne Howland • Aug. 3, 2023

Macy’s chief supply chain officer exits

Dennis Mullahy, who joined the department store from crafting retailer Michaels, stepped down in July after four years in the role.

By Nate Delesline III • Aug. 3, 2023

Forrester predicts offline retail sales will surpass $4 trillion by 2028

Though e-commerce has grown during the COVID-19 pandemic, brick-and-mortar stores remain a crucial, yet challenging part of retailers’ strategies.

By Tatiana Walk-Morris • Aug. 3, 2023

American Eagle Outfitters COO to exit

Michael Rempell is leaving the retailer after 23 years in a planned leadership transition. Meanwhile, the company raised its Q2 forecast.

By Kaarin Moore • Aug. 3, 2023

Hot Topic hit by spree of cyberattacks

The U.S. retail chain doesn’t yet know what personal information was compromised or accessed by the threat actor.

By Matt Kapko • Aug. 3, 2023

Amazon’s grocery revamp has begun

Refreshing the Amazon Fresh store format and expanding online access underscore the company’s commitment to succeeding in the industry, despite its recent stumbles.

By Jeff Wells • Aug. 3, 2023

GameStop to stop support for its crypto wallets due to ‘regulatory uncertainty’

The retailer, which is pulling support on Nov. 1, had sought to tap into gaming culture to make crypto a larger part of the company’s future. 

By Nate Delesline III • Aug. 2, 2023

Wish plans to lay off 255 employees by the end of the fiscal year

The struggling online marketplace said in a filing that the move affects 41% of its U.S. workforce and 26% of its international workforce.

By Daphne Howland • Aug. 2, 2023

Tempur Sealy responding to cyberattack that disrupted operations

The attack occurred almost two months after the company signed an agreement to acquire Mattress Firm, which will position it as one of the world's largest mattress manufacturers.

By Matt Kapko • Aug. 2, 2023

Overstock officially rebrands as Bed Bath & Beyond

The launch merges the two companies into a single online shopping destination under the Bed Bath & Beyond name.

By Nate Delesline III • Aug. 1, 2023

Revlon CEO Debra Perelman exits

Elizabeth Smith, who has served as the company’s executive chair since May, has been named interim chief executive officer. 

By Kaarin Moore • Aug. 1, 2023

Minted launches wedding marketplace

The platform is entering the wedding market as David’s Bridal undergoes its post-bankruptcy turnaround.

By Tatiana Walk-Morris • Aug. 1, 2023

CVS to lay off 5K employees amid cost pressures

The layoffs come as CVS faces significant integration costs from M&A activity, including its $10.6 billion buy of Oak Street and $8 billion acquisition of Signify.

By Rebecca Pifer • Aug. 1, 2023

How Brooks Running is deepening its supply chain visibility

The sports apparel retailer implemented traceability platform TrusTrace as the company works toward its responsible sourcing goals.

By Kelly Stroh • Aug. 1, 2023

Walgreens hunts for new CFO with healthcare experience

The pharmacy chain’s controller will take the CFO seat on an interim basis as Walgreens embarks on an aggressive cost-saving plan.

By Grace Noto • July 31, 2023

Walmart ups stake in Flipkart after buying additional shares from Tiger Global

The mass merchant in 2018 became Flipkart's largest shareholder after paying $16 billion for an initial 77% stake in the company.

By Nate Delesline III • July 31, 2023

How Amazon reached its ‘fastest Prime speeds ever’ in Q2

A regional fulfillment model, machine learning and the use of same-day delivery facilities helped the company achieve that milestone, an executive said.

By Max Garland • July 31, 2023

Walmart aims for affordable, sustainable clothing with carbon capture tech pilot

A test with Rubi Laboratories seeks to integrate carbon capture technology across the retail giant’s supply chain and produce affordable apparel from the emissions.

By Tatiana Walk-Morris • July 31, 2023