The Latest
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Target to open 8 new stores this summer
The mass retailer, which is undergoing a turnaround effort, will unveil three locations that exceed its standard 125,000 square feet.
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Ulta expands Korean beauty assortment in new partnership
A deal with K-Beauty World will bring eight brands to the retailer’s stores and website this summer as it looks to add newness to its assortment.
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Walgreens shareholders approve $10B Sycamore acquisition
The transaction, expected to close in Q3 or Q4, will take the company private after nearly 100 years as a public company.
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Column
The Weekly Closeout: Big 5 Sporting Goods sold, NRF goes up against New York
The retailer was acquired by Worldwide Golf and Capitol Hill Group. Meanwhile, the National Retail Federation took aim at New York's new law requiring algorithmic pricing disclosures.
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Ikea wants to make smart home tech easier to use, more affordable
The company will introduce over 20 new smart products built to work with Matter, allowing device compatibility between brands.
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Retail vacancy rates edge up as rents edge down in Q2
The U.S. retail vacancy rate rose 10 basis points from Q1 to 4.3%, though availability remains tight, especially in booming markets like Texas.
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Deep Dive
Why Dick’s Foot Locker acquisition is a big bet on Nike
Foot Locker took a big hit when Nike started pulling away from wholesale partners. But if the brand makes a comeback — and gets product innovation firing again — Foot Locker’s fortunes could change.
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Retrieved from Snapchat on July 10, 2025
American Eagle drives in-store back-to-school shopping with Snap Map
The retailer is promoting 800 of its locations in the app and will also launch an augmented reality AE Jeans Try-on Haul Lens.
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Nike names 21-year veteran Aaron Cain CEO of Converse
Jared Carver is leaving the role after just two years, but will stay on for a transition period through the end of the month.
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De minimis exemption slated to end in 2027
Commercial use of the trade tool allowing low-cost imports to avoid duties will be repealed as part of an expansive bill the president signed on Friday.
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Levi’s ups guidance despite tariff impact
The brand is leaning on partnerships with Beyoncé, Shaboozey and Nike as it works to boost its direct-to-consumer channel worldwide.
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Rack Room Shoes names chiefs of digital, merchandise
The retailer promoted from within, naming Brian Burnett chief merchandise officer and placing Molly Hartney in the new role of chief digital officer.
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Another Saks Global stores exec is out
John Antonini leaves after more than 25 years at Saks Fifth Avenue and just a few months into a newly created position centered on store growth.
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US consumers adjust spending in response to tariffs
Behavior shifts are happening in real time as shoppers feel economic stress caused by levies, according to a Savanta report.
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Luxury shoppers turn to TikTok for product discovery
Users are scrolling the social media giant to find product reviews, creator videos and other content that influence their purchases.
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S&P Global Ratings downgrades Saks, warns latest financing deal is ‘tantamount to a default’
Saks Global emphasized that there’s no default related to its new agreement with bondholders, calling the rating updates “common and expected with transactions like these.”
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These social media platforms are beating out Google for product discovery, reviews
While many shoppers still use the search giant, a PartnerCentric survey found some are instead turning to Reddit, TikTok and others.
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Ulta Beauty breaks into the UK with Space NK acquisition
The deal adds 83 stores to its portfolio and gives the beauty powerhouse a strong foothold in the U.K. market.
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Dollar Tree completes $1B sale of Family Dollar
The discount retailer sold the banner to private equity firms more than a decade after acquiring it for about $8.5 billion.
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Q&A
Small business isn’t quitting checks
The paper check will persist for decades for small companies, despite the growth of digital payments, BillGO’s CEO predicts.
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Retail accelerates investments in generative AI
The industry is also one of the leaders of AI agent and multiagent system adoption, according to a Capgemini report.
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As Champs reimagines stores, mall convenience meets e-commerce perks
The sports retailer’s new store concept uses technology for an experience that blends its digital and physical channels.
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Trump rolls out reciprocal tariffs for Japan, South Korea, others
The U.S. detailed the rates it will impose on imports from certain countries starting Aug. 1 in identical letters shared by the president Monday.
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Lululemon increasing markdowns at ‘alarming rates’ as momentum fades
In a research note, Jefferies analysts called out inconsistent pricing for identical items and the consequences of attempts to lure younger shoppers.
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Eastside Golf opens first store
The brand launched the store at the Detroit Metropolitan Airport in partnership with Paradies Lagardère, which operates travel retail and the PGA Tour stores.