The Weekly Closeout: Target works to rightsize inventory and two CEOs prepare to exit

The big-box retailer shocked analysts by cutting its forecasts on operating margin, and the industry saw two major C-suite departures.

By Retail Dive Staff • June 10, 2022

Stitch Fix misses out on the apparel boom, as losses widen in Q3

The e-retailer is still scrambling to integrate its e-commerce with its legacy box business, but some analysts see problems with its model.

By Daphne Howland • June 10, 2022

Explore the Trendline➔

The state of loss prevention in retail

The types of losses attributed to retail theft has become more apparent — as is the need for more in-depth reporting and prevention strategies. 

By Retail Dive staff

Stitch Fix lays off 15% of its salaried workforce

The reduction reflects about 4% of all company roles, mostly non-technology and styling leadership, CEO Elizabeth Spaulding said in a company blog post.

By Daphne Howland • June 9, 2022

Madewell is ‘actively investing’ in menswear as it opens another stand-alone store

The retailer launched another store in Los Angeles on Thursday. And as the market for men’s apparel grows, the company may have perfect timing.

By Kaarin Moore • June 9, 2022

Chico's was ready for its customers in Q1 as sales surged 40%

The conglomerate’s turnaround is paying off, but the second half of the year could be tougher as consumers battle inflation.

By Daphne Howland • June 8, 2022

Dollar General upgrades retail media network, emphasizing rural customers

The discount chain, which has benefited from inflationary trends, is adding new tech partners such as The Trade Desk in the race to secure more brand dollars.

By Peter Adams • June 8, 2022

Top Walmart executives talk inflation, labor and supply chain challenges

At a recent investor Q&A, company leaders detailed how they’re tackling headwinds like cost pressure and shared how they aim to leverage Walmart+.

By Catherine Douglas Moran • June 8, 2022

Zara now charges for some returns. Will other retailers follow?

In some regions, customers pay a fee to return online purchases to third-party drop-off points. It may mark a turning point for companies.

By Kaarin Moore • June 8, 2022

The RealReal founder and CEO abruptly resigns

Julie Wainwright is out as chief executive and board chair, allowing the company to focus more on profitability, according to analysts.

By Kaarin Moore • June 7, 2022

Target moves to reduce inventory, taking markdowns and canceling orders

Just weeks after lowering its guidance, the retailer now expects an even deeper hit to profit margins as consumers pull back on discretionary spending.

By Ben Unglesbee • June 7, 2022

With little choice, Kohl's in final talks for Vitamin Shoppe owner to take over for $9B

Franchise Group plans to leverage Kohl's real estate to finance most of the deal, a debt load that could hamper its turnaround, analysts say.

By Daphne Howland • June 7, 2022

Apple joins buy now, pay later boom

Apple Pay Later will let users split the cost of an Apple Pay purchase into four equal payments over a six-week period, with no interest or fees. 

By Jonathan Berr • June 7, 2022

Grove Collaborative slashes long-term growth expectations as revenue drops

Inflation and changing consumer behaviors are taking a toll on the company.

By Dani James • June 7, 2022

Sephora CEO reportedly out after nearly two years

Martin Brok will exit at the end of the month, with Chris de Lapuente taking on the role again, according to an internal release cited by Women's Wear Daily.

By Cara Salpini • June 6, 2022

Etsy will invest $25M each year for new purchase protection policy

The marketplace says the program will benefit sellers and buyers alike. Meanwhile, a group of artisans has formed a nonprofit guild.

By Daphne Howland • June 6, 2022

Amazon's consumer chief to leave after 23 years

Dave Clark has led teams that "built out Amazon's transportation network from scratch," CEO Andy Jassy said. Clark will become CEO of Flexport.

By Ben Unglesbee • Updated June 8, 2022

Retail is fundamentally bad for the environment. And doing better isn't easy.

Improving sustainability is a web of complexity for retailers. Ultimately, it may mean sidelining growth.

By Cara Salpini • June 6, 2022

The power of more Curiously Human™ digital experiences in retail

LivePerson’s AI-powered Conversational Cloud™ helps brands build meaningful relationships with their consumers, while delivering real business outcomes.

June 6, 2022

Lululemon plans retro, hiking products

The athletics retailer also launched the second product in its footwear offering after the popularity of its running shoe drove out of stocks.

By Cara Salpini • June 3, 2022

The Honest Company hires EVP of operations, R&D

The DTC brand has hired new executive leaders to steer future growth following its 2021 IPO.

By Tatiana Walk-Morris • June 3, 2022

American Eagle's logistics arm adds Saks Off Fifth, Fanatics as customers

Six months after announcing its Quiet Logistics acquisition, the retailer is on the hunt for more clients.

By Alejandra Carranza • June 3, 2022

Walmart plots 4 new 'next generation' fulfillment centers

The facilities incorporate an automated storage and retrieval system while also employing 4,000 new workers, and could serve 75% of the U.S.

By Ben Unglesbee • June 3, 2022

Wilson opens second New York store

Its third location overall, the Upper East Side store lets shoppers rent out equipment before purchasing it.

By Cara Salpini • June 3, 2022

Levi's aims for $10B in revenue in 5 years

The company has set ambitious goals based on diversifying its portfolio and boosting DTC sales, while relying on the longevity of its flagship denim.

By Daphne Howland • June 2, 2022

Fashionphile opens authentication center, showroom in NYC

The 60,000-square-foot space allows consumers to shop in person, and also houses procurement offices for customers looking to sell.

By Dani James • June 2, 2022