Operations: Page 41
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New stores, comps drive Tractor Supply’s Q1 sales to $3.4B
The company is pressing forward with plans to open 80 stores and its 10th distribution center this year.
By Nate Delesline III • April 25, 2024 -
Courtesy of Forever 21
Forever 21 unveils first bridal capsule collection
The fast-fashion company is the most recent retailer to expand its product assortment into the wedding category.
By Tatiana Walk-Morris • April 25, 2024 -
Explore the Trendline➔
Spencer Platt / Staff via Getty Images
TrendlineThe 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 -
Courtesy of Lovesac
Lovesac pares back inventory costs as it simplifies operations
Costs associated with inbound freight and warehousing costs dropped as the furniture company rolled out planning capabilities and simplified operations.
By S.L. Fuller • April 25, 2024 -
Kendall Davis/Retail Dive
Podcast
The Backroom: With more closures ahead, what’s next for Macy’s?
Under a new CEO, the iconic department store is fielding a $6.6 billion takeover offer, shuttering another 150 stores and fighting to stay relevant.
By Retail Dive Staff • April 25, 2024 -
Courtesy of Hasbro
Hasbro focuses on ‘high-profit partnerships’ to drive recovery as sales fall 24%
Excluding the sale of its eOne division, revenue was still down 9% in Q1, but the toy manufacturer swung to a profit.
By Nate Delesline III • April 24, 2024 -
Courtesy of Foot Locker, Inc.
Foot Locker unveils new store concept in ‘critical year’
Chief Commercial Officer Frank Bracken told Retail Dive the new format fixes some old pain points, like a male-dominant experience, and also serves as a starting point for its fleetwide revamps.
By Cara Salpini • April 24, 2024 -
Courtesy of Abercrombie & Fitch
The turnaround of Abercrombie & Fitch is finally here
S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.
By Daphne Howland • April 24, 2024 -
Catherine Douglas Moran/Retail Dive
Dom’s, Foxtrot cease operations
The companies “found no viable option despite good faith and exhaustive efforts,” Dom’s posted on its website.
By Catherine Douglas Moran , Brett Dworski • April 23, 2024 -
UK-based JD Sports to buy rival retailer Hibbett for $1.1B
The combined company would have a global portfolio of about 25 brands and North American revenue of about $5.9 billion.
By Nate Delesline III • April 23, 2024 -
Courtesy of Amazon
Amazon rolls out grocery subscription for Prime members, EBT customers
The new service, which has a monthly fee, offers free delivery on orders over $35 from Whole Foods, Amazon Fresh and grocers partnered with the e-tailer.
By Catherine Douglas Moran • April 23, 2024 -
Daphne Howland/Retail Dive
Shoppers under 18 at this Target store must be accompanied by an adult
Young customers at a Columbia Heights shopping center in Washington, D.C., need the presence of an adult.
By Kaarin Moore • April 23, 2024 -
Permission granted by Gensler
Wayfair’s first large-format store to open next month
The location in Wilmette, Illinois, will span 150,000 square feet — about 10 times the size of its other stores — and feature an on-site restaurant.
By Caroline Jansen • April 23, 2024 -
Courtesy of Big Lots
Big Lots uses headquarters mortgage to secure new financing
The retailer increased its borrowing capacity by up to $200 million and immediately drew down $50 million under the new loan.
By Nate Delesline III • April 23, 2024 -
Drew Angerer via Getty Images
FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings
The commission says the deal would prevent competition and give Tapestry a dominant share of the “accessible luxury” handbag market.
By Lara Ewen • April 23, 2024 -
Courtesy of Figs
Figs recycled over 40K healthcare professional’s scrubs in trade-in program
The “Scrubs That Don’t Suck” campaign launched April 1 and ends on Earth Day as the brand hit its participation goal.
By Suzette Parmley • April 22, 2024 -
Permission granted by Express
Express files Chapter 11, plans to close over 100 stores
All of the company’s UpWest stores will shutter as the retailer pursues a sale to WHP Global, Simon Property Group and Brookfield Properties.
By Nate Delesline III • April 22, 2024 -
Courtesy of Nike
Second phase of Nike layoffs to hit Oregon headquarters this summer
After the job cuts, effective June 28, about 740 employees will have been impacted in the retailer’s home state.
By Cara Salpini • April 22, 2024 -
Courtesy of Lowe's
Lowe’s taps DoorDash for on-demand deliveries
Products can be purchased directly on the DoorDash app and the move is a way to “reach new DIY customers,” the home improvement retailer said.
By Tatiana Walk-Morris • April 22, 2024 -
Courtesy of Thomas Bauer/Earthsight 2023
Cotton used by H&M and Zara linked to illegal deforestation: report
A year-long investigation by nonprofit Earthsight found that fiber certified by ethical supply chain organization Better Cotton was grown on "stolen" and "deforested" land in Brazil.
By Lauren Schenkman • April 22, 2024 -
iStock.com/ljubaphoto
Sponsored by SheerIDHow retailers can craft compelling offers for Gen Z
Retailers over-index on choosing the right channel to reach Gen Z instead of focusing on the right offer to get their attention, writes Sai Koppala of SheerID.
By Sai Koppala • April 22, 2024 -
Retrieved from Sportsman's Warehouse on April 18, 2024
Sportsman’s Warehouse cuts SKUs, vendors to support inventory strategy
The retailer has been rationalizing its stock in several product areas, including fishing, to improve productivity.
By Kelly Stroh • April 19, 2024 -
Courtesy of Kizik
Kizik opens first pop-up store in NYC as part of brick-and-mortar push
The hands-free footwear brand is expanding its physical presence, with plans to land in 500 wholesale doors and open six stores by the end of the year.
By Suzette Parmley • April 19, 2024 -
Hasbro’s Wizards of the Coast president resigns
Cynthia Williams, who has been in the position for two years, will exit the company on April 26.
By Kaarin Moore • April 19, 2024 -
Courtesy of Peloton Interactive
ColumnThe Weekly Closeout: Peloton drops free membership as Asos revenue falls over 18%
The struggling home exercise brand quietly removed the free option, while the fast-fashion retailer saw sales plunge in the first half of the year.
By Retail Dive Staff • April 19, 2024 -
Courtesy of Eyebuydirect
Eyebuydirect opens first physical location
The online eyewear company opened a 140-square-foot kiosk at The Shops at Mission Viejo in Orange County, California.
By Howard Ruben • April 19, 2024
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