Operations: Page 93
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At Home hires former Walmart exec as chief merchandiser
The retailer has lowered its prices just in time to possibly attract former Tuesday Morning and Bed Bath & Beyond customers.
By Tatiana Walk-Morris • May 31, 2023 -
DTC paint brand Clare to raise prices
The cost of a gallon of paint will increase by an average of 8% as the company faces “outsized inflation,” CEO Nicole Gibbons said in an email to customers.
By Dani James • May 31, 2023 -
Explore the Trendline➔
Thai Liang Lim via Getty ImagesTrendlineHow retailers are thinking about in-store experience
Complementary shop-in-shops, age-appropriate experiences and integrated technology are just a few ways retailers are reworking stores to suit shoppers.
By Retail Dive staff -
Walmart works with some suppliers to lower prices
The retailer wants to “get costs down more as fast as we possibly can” in food and consumables, CEO Doug McMillon told analysts.
By Ben Unglesbee • May 31, 2023 -
Aviator Nation opens first East Coast store
Located in the Hamptons, the store is the brand’s 17th nationwide and comes after a test New York City pop-up shop in December.
By Howard Ruben • May 30, 2023 -
Big Lots reports ‘disappointing’ quarter, plans store leasebacks
The retailer will also close four distribution centers and imposed a dividend suspension.
By Nate Delesline III • May 30, 2023 -
The Vitamin Shoppe interim CEO takes the job permanently
Lee Wright joined owner Franchise Group as chief commercial officer last year, and before that held executive roles at Conn’s.
By Daphne Howland • May 30, 2023 -
Costco holds back on membership fee hike
As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.
By Grace Noto • May 30, 2023 -
Walgreens laying off 10% of corporate workforce
The cuts, affecting more than 500 employees, come as the pharmacy chain expands in consumer-focused care delivery.
By Emily Olsen • May 30, 2023 -
Sponsored by Pact Retail Accessories
Retail reuse solutions: Pact Retail Accessories
Pact supports platforms for hangers, security tags and polymer boxes that allow its partners to achieve reuse rates of over 90% in many cases.
May 30, 2023 -
Column
The Weekly Closeout: Dollar Tree margins pressured by inflation, Tuesday Morning IP up for sale
The dollar chain is seeing a pullback on discretionary purchases, while Hilco Streambank seeks a buyer for the discount home retailer’s assets.
By Retail Dive Staff • May 26, 2023 -
Ulta to put fragrance behind locked cabinets in 70% of stores thanks to increased theft
The beauty retailer, with Q1 sales growth topping 12%, said it’s investing in security guards and police presence in parking lots to deter crime.
By Cara Salpini • May 26, 2023 -
Gap Inc. losses shrink in Q1 as sales continue to slide
Major cost cuts, including the elimination of some 2,300 jobs in recent months, are helping stabilize the bottom line.
By Daphne Howland • May 26, 2023 -
"Journeys" by Bentley Mall is licensed under CC BY 1.0 / Edited by https://commons.wikimedia.org/w/index.php?title=User:BentleyMall&action=edit&redlink=1/Retail Dive
Journeys to close 100 stores this year, move away from malls
The number is up from a previous estimate of 60 locations and will save up to $40 million, according to parent company Genesco.
By Tatiana Walk-Morris • May 26, 2023 -
QVC parent company sells Zulily to investment firm
Qurate Retail said the move will help strengthen and optimize its brand portfolio as part of a larger turnaround strategy.
By Nate Delesline III • May 26, 2023 -
Best Buy CEO: ‘2023 will be the bottom’ for falling electronics sales
Profits and revenue declined in Q1, driven by falling computer, appliance, home theater and mobile phone sales, executives said Thursday.
By Daphne Howland • May 25, 2023 -
In massive executive shuffle, Nike names new Jordan president
Craig Williams will take on a new role as president of geographies and marketplace, while Sarah Mensah takes on Jordan. The retailer also named a new head of North America.
By Cara Salpini • May 25, 2023 -
Dollar General creates new role focused on emerging markets
Steve Deckard, who joined the retailer in 2006, will oversee the company’s Mi Súper Dollar General in Mexico, Popshelf and DG Well Being initiatives.
By Tatiana Walk-Morris • May 25, 2023 -
Citing progress in Q1, Kohl’s will open new stores, avoid closures
The department store is working on its turnaround this year, leaning heavily on its Sephora partnership to drive sales and traffic.
By Daphne Howland • May 24, 2023 -
Express closes on Bonobos acquisition as sales fall 15%
The apparel retailer has hired advisers to help it cut costs as losses pile up.
By Nate Delesline III • May 24, 2023 -
Dick’s plans 9 House of Sport stores in 2023 as sales rise 5.3%
Unlike Foot Locker, the sporting goods retailer said its consumer is holding up well as it reaffirmed its full-year outlook.
By Cara Salpini • May 24, 2023 -
Textile recycling, reuse missing from FTC’s Green Guides, group says
Companies and advocates in the textile and fashion industries are urging the Federal Trade Commission to add the issue to its ongoing workshops.
By Daphne Howland • May 23, 2023 -
Walmart opens store-based fulfillment center in Arkansas
The facility will help the retailer boost order throughput via a proprietary storage and retrieval system.
By Max Garland • May 23, 2023 -
BJ’s CIO to depart after 6 years
The club retailer is losing longtime EVP and CIO Scott Kessler, effective Friday.
By Lindsey Wilkinson • May 23, 2023 -
Target’s delivery operations evolve with improved capacity, loading speeds
The retailer is testing high-capacity vans that can deliver nearly five times as many packages as sedans.
By Max Garland • May 23, 2023 -
Retrieved from Sundry on January 25, 2022
Digital Brands Group sees potential for 50 retail stores
Thanks mostly to its acquisition of women's apparel brand Sundry, the direct-to-consumer company reported a net revenue increase of 48% in Q1.
By Dani James • May 22, 2023