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Perigold plans more store openings in 2025
The retailer, which is part of Wayfair’s portfolio, will open a Houston location in the spring featuring furniture, decor, lighting, kitchen, bath and tile products.
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Ace Hardware revenue grows to record $2.3B in Q3
Operating expenses also rose nearly 13% in the quarter as the company invests in store openings, marketing and more ad spending.
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Target debuts ‘weirdly hot’ Santa for second holiday advertising push
The retailer is running two distinct holiday campaigns for the first time to appeal to consumers who view the season as too transactional.
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Retailers confront trust issues as generative AI becomes commonplace
Generative AI can win over reluctant shoppers by offering personalization or help with finding deals, experts say.
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Pinterest introduces celebrity gift guides, shoppable wishlists
The social media platform is banking on curated gift lists from the likes of Alicia Keys and Wirecutter to win shoppers this season.
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Brilliant Earth opens first street-level store in New York City
Located in the Nolita neighborhood, the showroom features a try-on bar and a dedicated space for bridal and fine jewelry appointments.
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CEOs say personalization is the key to success in music retail
The leaders of two of America’s top musical instrument retailers, Guitar Center and Sweetwater, say guiding customers through product discovery is key to sustaining sales momentum.
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Nordstrom leverages generative AI for holiday app refresh
Among the new app features are trend reports, which blend the expertise of Nordstrom stylists with artificial intelligence to deliver relevant trends.
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Dollar Tree names new leader to guide Family Dollar’s future
The company this week also named a new chief of its namesake banner and a new chief people officer.
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Tapestry and Capri terminate merger agreement
After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and unlikely to be resolved.”
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Holiday sales growth expected to stay below 10-year average
Retailers are likely to lean on discounts to drive sales as consumers continue feeling the pressure of inflation, according to an S&P Global Ratings report.
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Amazon Fresh expansion continues as chain opens long-awaited stores
The company confirmed the opening of eight stores across five states and will continue to selectively add locations based on consumer response.
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Dillard’s keeps the focus on expenses in Q3 as sales edge down
Compared to some rivals, the department store is less dependent on the holiday quarter when it comes to the year’s operating profits.
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Amazon answers ultra-cheap Chinese marketplaces like Temu with ‘Amazon Haul’
The e-commerce giant is testing a selection priced under $20, with most under $10. Free shipping on orders over $25 will take a week or longer.
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US holiday retail sales to reach $1 trillion
About a quarter of those sales will occur online this year, a Forrester report predicts.
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Column
The Weekly Closeout: E.l.f. Beauty enters Dollar General as retail preps for a new president
The beauty brand is looking to democratize its offerings, while retail trade groups and analysts sound the alarm on tariffs amid the election results.
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Grove doubles down on DTC, will ditch brick-and-mortar partnerships
The sustainability-focused consumer products brand said that selling through retail stores generated few sales and has been “consistently unprofitable.”
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ThredUp focuses on social commerce with new hire
The apparel reseller tapped Danielle Vermeer, co-founder and CEO of Teleport, for the newly created position.
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Sephora opens final location in Australia store expansion
The beauty retailer, which debuted three stores in the country this fall, said the locations reflect its passion for experiential retail.
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As Trump rises again, so too might inflation
Some retailers could get hit hard by policies promised by the president-elect, especially tariffs and taxes, though tax breaks may be a tailwind.
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NBA players Anthony Edwards and LaMelo Ball star in Foot Locker’s holiday campaign
Grammy-nominated artist Coi Leray is also featured in the ads, which will air across paid media, in-store displays, social channels and more.
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BJ’s names new chief operations officer, chief supply chain officer
The promotions follow the resignation of Jeff Desroches, the company’s former chief operations officer.
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About 200K veterans leave the military each year. Here’s why some choose retail careers.
Retail careers have much in common with the military, including striving for excellence in a people-led environment and tapping into teamwork to make it happen.
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On pulls back on wholesale as Q3 sales surge more than 32%
The Swiss footwear brand said that opening flagship stores in China will help take advantage of its momentum in Asia.
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Hurricane prep, recovery help drive Q3 growth at Home Depot
The company is also benefiting from its acquisition earlier this year of SRS Distribution, which is on track to contribute $6.4 billion in sales for the fiscal year.