Bankrupt Revlon gets court approval for exec bonus plan

Top executives could collectively receive tens of millions of dollars in incentive bonuses.

By Ben Unglesbee • Sept. 16, 2022

The Weekly Closeout: Amazon invests $450M in driver program and Bed Bath & Beyond interim CEO could stay another year

The e-commerce giant will invest in benefits for its Delivery Service Partners, while Sue Gove will reportedly remain with the home retailer for now.

By Retail Dive Staff • Sept. 16, 2022

Explore the Trendline➔

Digital innovation and technology trends in retail

Generative AI and TikTok Shop have replaced the metaverse and NFTs as the hot topics of the day — here’s a look at how brands are using them.

By Retail Dive staff

Ye moves to sever his relationship with Gap

The designer “had no choice” because the brand failed to comply with unspecified “contractual obligations,” his attorney said. 

By Daphne Howland • Sept. 15, 2022

Amazon cancels, delays dozens of warehouses as it looks to rightsize capacity

The e-commerce giant is slowing its network expansion after excess capacity and less productive facilities saw billions of dollars in added costs.

By Max Garland • Sept. 15, 2022

Fossil hires chief marketer

While some retailers and brands hire veteran marketing talent, research suggests that companies are bumping up their marketing budgets.

By Tatiana Walk-Morris • Sept. 14, 2022

Rothy’s prevails in court as Birdies agrees to cease selling disputed shoe design

The DTC shoe companies have been in court since April, and Rothy’s on Wednesday vowed to continue to vigorously defend its intellectual property.

By Daphne Howland • Sept. 14, 2022

Patagonia founder transfers ownership: ‘Earth is now our only shareholder’

From here on out, “every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet,” the company said.

By Cara Salpini • Sept. 14, 2022

Amazon buys mechatronics firm to fold into robotics division

With Cloostermans, the retail giant intends to “more rapidly deploy solutions” that support employees, improve safety and cut packaging waste.

By Edwin Lopez • Sept. 14, 2022

Why is Family Dollar hacking at its prices amid inflation?

Hint: The answer starts with ‘D’ and ends with ‘ollar General.’

By Ben Unglesbee • Sept. 14, 2022

Vince to shut down Rebecca Taylor

The company is in discussions with lenders to finalize the wind down plan, which is expected to include selling off assets and exiting business channels. 

By Kaarin Moore • Sept. 13, 2022

Olympia Sports files for bankruptcy as it works through liquidation

The regional sporting goods specialist at its height had 230 stores. After a series of deals and tribulations, it’s winding down to zero.

By Ben Unglesbee • Sept. 13, 2022

MeUndies bulks up executive team with new CFO, chief marketer

The two new execs will oversee key functions as the DTC brand charts its growth path.

By Tatiana Walk-Morris • Sept. 13, 2022

Despite a strong Q2, Rent the Runway will lay off a quarter of its corporate employees by the end of the year

The apparel rental firm remains upbeat about its long-term prospects but is slashing costs to clear a path to profitability, executives said Monday.

By Daphne Howland • Sept. 13, 2022

American Eagle exec named Lands’ End CEO

Andrew McLean will assume the CEO role following the planned retirement of current chief executive Jerome Griffith in January. 

By Kaarin Moore • Sept. 13, 2022

Railroads cut service in preparation for potential strike

Shippers are calling on Congress to intervene if railroads cannot reach an agreement with two of the largest unions by the end of the week.

By Sarah Zimmerman • Sept. 13, 2022

Peloton co-founders John Foley and Hisao Kushi to exit

The news follows a year of executive changes and widening net losses for the home gym brand.

By Dani James • Sept. 12, 2022

Tuesday Morning gets a lifeline from Pier 1 owners

Retail Ecommerce Ventures is set to provide the retailer with new debt capital as well as access to its e-commerce platform and Pier 1 goods.

By Ben Unglesbee • Sept. 12, 2022

Best Buy bucks the glut trend, boasting healthy inventory

The consumer electronics company saw inventory down 6% year over year in Q2.

By Kate Magill • Sept. 12, 2022

Belk names CEO

Don Hendricks, who has been serving as the department store’s interim CEO since May, has taken the top role. 

By Kaarin Moore • Sept. 12, 2022

The Weekly Closeout: Bloomingdale’s turns 150 and Jerry Seinfeld models for Kith

The department store has a slew of celebrations lined up and the sitcom star is just the latest in a history of unexpected models for the streetwear brand.

By Retail Dive Staff • Sept. 9, 2022

Wish CEO exits after 7 months

Vijay Talwar left the company and its board of directors effective immediately, while GGV Capital’s Joe Yan was appointed interim CEO.

By Kaarin Moore • Sept. 9, 2022

Qurate downgraded by S&P on demand, supply chain challenges

The QVC owner is facing demand declines while prepping for a post-television era.  

By Ben Unglesbee • Sept. 9, 2022

Walgreens Boots Alliance taps Michaels exec as new CIO

Hsiao Wang, executive vice president and CIO at the craft retailer, brings deep retail experience to the company amid ongoing transformation.

By Roberto Torres • Sept. 9, 2022

As it burns through cash, GameStop says it’s ready to start thinking about profits again

The retailer has pivoted quickly from hires and investments to cost-cutting. 

By Ben Unglesbee • Sept. 8, 2022

Kate Spade names head product designers

Tom Mora oversees the design direction for RTW, footwear, jewelry, home and licensed lifestyle categories, while Jennifer Lyu leads the handbag and accessories collections.

By Kaarin Moore • Sept. 8, 2022