The Latest
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Private equity firm tries again to buy 100-plus J.C. Penney stores
Onyx Partners, whose previous bid fell through, is offering $934 million for the properties.
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Retrieved from Digital Brands Group on January 03, 2024
Digital Brands Group considers sale, merger
The apparel conglomerate is undergoing a strategic review and has retained financial advisers.
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American Eagle Outfitters to open $41M North Carolina distribution center
The facility, which will service the Southeastern U.S., is expected to start operations in early 2027 and create over 200 jobs.
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Amazon customers are embracing Alexa for Shopping
The number of active users for the tech nearly doubled in the second quarter, with interactions up five times year over year, CEO Andy Jassy said.
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NRF finds shoplifting stabilizing as online fraud grows
Phone and gift card scams, plus supply chain vulnerabilities like cargo theft, are top concerns for loss prevention specialists at over 60 major retailers, according to a report Thursday.
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Crocs tops $1B in quarterly revenue for the first time
Heydude continues to struggle, with a nearly 6% drop in revenue, and wholesale declined at both brands.
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Amazon to add supply chain facilities in New York, Texas
The e-commerce giant is in the early stages of building a distribution center in the Lone Star State while prepping a Long Island operations site.
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Kohl’s board chair exits
John Schlifske announced his retirement and director Wendy Arlin has stepped into the role.
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Column
The Weekly Closeout: Macy’s disappearing billboard and Reformation’s IPO
The department store’s iconic sign in Herald Square was taken down. Meanwhile, the apparel retailer went public on the low end of its price range.
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Why Nike is trying to reignite its sportswear business with a hoodie
Studio Fleece, the retailer’s latest line, aims to recreate a series of wardrobe staples for women, Nike’s Jill Gonzalez told Retail Dive.
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Amazon Prime Day details elusive as AWS takes centerstage
The company’s Q2 online store net sales grew 15%, but Amazon has pared back the public release of details on how the major sales event fared.
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Adidas apparel outshines footwear during World Cup quarter
The brand — which also announced a CFO transition — saw apparel net sales jump 34% in the second quarter.
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Podcast
The Backroom: How long can the consumer hang on?
Discretionary retail sales have been surprisingly strong so far this year. The team discusses the reasons why and what that might mean for the rest of 2026.
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1 in 4 dollars spent on AI goes to waste
More than half of businesses lack a dedicated owner for AI costs, which can lead to overspend, according to a Harness report.
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How Walmart uses AI to limit weather disruptions in its supply chain
The retailer uses technology to determine how to reroute or position inventory before severe weather events occur.
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Kohl’s debuts AI shopping assistant
What started as a Mother’s Day Gift Finder has evolved into a digital shopping assistant that aids with product discovery.
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Shein’s US ambitions hindered by FTC investigation, tariffs
The global e-commerce giant disclosed the investigation as it preps for a Hong Kong IPO and also noted it has been bumping prices to tackle tariff costs.
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Inside Canada Goose’s journey to reconnect with nature
Brand platform “Natural Intelligence” spotlights tornado chasers and outdoor adventures to reconnect the brand and its audience to the natural world.
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New Jersey bans dynamic pricing
The legislation also puts a one-year pause on the new adoption of electronic shelf labels by retailers while the state studies the tech.
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Vans needs a good back-to-school season more than ever
With another quarter of declines at the skate-shoe brand, it was up to The North Face and Timberland to help owner VF Corp. beat Q1 expectations.
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Retrieved from Digital Brands Group on January 03, 2024
ColumnThe Weekly Closeout: Digital Brands Group enacts reverse stock split, gas prices up again
The company will implement a 1-for-40 split to comply with Nasdaq rules, and this week's $100-per-barrel price on oil poses a risk to household budgets.
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Bark names CFO
Anya Hamill comes with more than 20 years of financial leadership experience across public and private CPG companies.
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Back-to-school shoppers will prioritize essentials over apparel
Clothing buys will be spread out over the school year, while sporting goods are increasingly considered essential, according to two reports.
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Rare Beauty draws inspiration from Greek mythology for global campaign
The Selena Gomez-founded cosmetics brand’s new effort around its second fragrance spans social, out-of-home, retail and paid digital.
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Sephora names 12 beauty brands to accelerator cohort
Now in its 10th year, Sephora Accelerate aims to support the next generation of cosmetic, skin care, hair care and fragrance brands.