The Latest
-
Nearly 120 J.C. Penney stores sold to private equity for under $950M
Executives for a trust that has worked for four years to sell the property defended the price and said a January deadline was looming.
-
Adidas braces for $230M tariff hit in the back half of the year
Nevertheless, the sportswear giant maintained its outlook and said it has yet to see consumer demand weaken.
-
Purple expects showroom profitability in 2025
The mattress company reported a 12.6% drop in second-quarter net revenue, and executives noted the brand is working to mitigate evolving tariff rates.
-
Beyond Yoga partners with Issa Rae as it launches brand platform
Seek Beyond kicks off with a campaign that also stars The Sculpt Society founder Megan Roup and Big Girls Who Run LA co-founder Danielle Burnett.
-
Deep Dive
The biggest culprit in shrink is in the store — but it’s probably not a criminal
Inefficiencies in store operations cause more inventory loss than organized retail crime, which has been the industry’s focus in recent years.
-
TikTok expands efforts to move beyond the phone
By partnering with Westfield Malls and Rockbot, the social media firm is on a mission to show up on more screens.
-
Column
The Weekly Closeout: Phlur gets acquired and American Eagle’s stock soars
Private equity firm TSG Consumer will acquire the fragrance brand in a deal that keeps Phlur Creative Director Chriselle Lim in her role.
-
Overstock eyes luxury expansion with Rolex, Patek Philippe
The brand sees a future in extending its luxury goods offering. Meanwhile, parent Beyond Inc. saw second quarter revenue drop nearly 30%.
-
Athleta brings on Nike veteran to reboot stalled turnaround
Maggie Gauger spent more than two decades at Nike, including leading women’s in North America, and replaces Chris Blakeslee next month.
-
Ulta Beauty eyes AI agents amid growth plans
The company is working on the tech foundation to enable adoption, which it hopes will lead to improved employee and customer experiences.
-
Shoppers to go into credit card debt, use BNPL to afford the holidays
U.S. consumers aren’t shifting away from spending, but they are strategically approaching how to afford purchases, according to a new report.
-
Bed Bath & Beyond to accept old coupons at new store
Through The Brand House Collective, legacy coupons will be accepted at a new Bed Bath & Beyond store in Tennessee next month.
-
Why American Eagle tapped Sydney Sweeney for its priciest campaign yet
Chief Marketing Officer Craig Brommers explains how the star will help the retailer connect with a wider audience and introduce a more elevated approach to its styles.
-
Skechers denies patent infringement in lawsuit over slip-ins
Kizik Designs claimed it invented the hands-free shoe category that Skechers has made a key part of its business.
-
Ty Haney is back at Outdoor Voices, this time with a new collection
The founder reassembled her brand’s original creative team and has been working for nine months on the latest collection.
Updated 21 hours ago -
Apparel, department stores struggling the most under US trade policy, analysis shows
A pause in some tariffs lessens the profitability hit, but costs are higher and “the consumer environment remains difficult,” Moody’s Ratings said.
-
Abercrombie Kids turns to Macy’s for back-to-school sales
The department store is set to benefit from the brand’s strengths in localized merchandising, while the specialty retailer reaches new markets.
-
Depop names permanent CEO
Peter Semple, who officially takes the helm on Friday, has been serving in the role on an interim basis since May.
-
Column
The Weekly Closeout: Rhode’s road to growth and department store sales wobble
The Hailey Bieber-founded beauty brand could soon reach $500 million, while the department store sector fell in June.
-
Walmart bets big on AI with ‘super agent’ strategy
The retailer is centralizing AI capabilities to avoid fragmentation, noting that the technology is already being utilized by 900,000 associates.
-
Mattel to keep roughly half of US toys below $20
Even as net sales fell 6% in Q2, the company’s CEO doesn’t see consumers as any more price sensitive compared to a year ago.
-
Cargo theft moves into focus as Congress mulls how to fight organized retail crime
The problem is growing, though the full impact is unclear, according to speakers at a Senate Judiciary Committee hearing Tuesday.
-
Hoka brick-and-mortar stores ‘the primary venue for full-price sales’
With the brand’s customers tending to look for price breaks online, Deckers is looking to expand retail partnerships as well as its own stores.
-
Macy’s brings back ‘Black Friday in July’ sale
In addition to deals on clothing, accessories and beauty products, the department store is also dropping a curated selection of holiday items.
-
Lowe’s links end-user feedback loop to AI tool improvements
The home improvement retailer has been expanding AI access to employees and tweaking tools with stakeholder input in mind.