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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 -
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 -
Daphne Howland/Retail Dive
Nordstrom family may try again to take the company private
The Nordstrom brothers, who are the retailer’s top executives, notified the board of their interest, and a special committee has been formed.
By Daphne Howland • April 19, 2024 -
Dollar Tree poised to gain most as 99 Cents Only disappears
Despite the bankrupt discounter’s small footprint, its store closures offer a meaningful opportunity for rivals to grab share, analysts say.
By Daphne Howland • April 18, 2024 -
Courtesy of Amazon
Amazon begins offering Dash Carts to other grocers
The plan comes a few weeks after the company announced it was pulling Just Walk Out technology from Amazon Fresh stores.
By Peyton Bigora • April 18, 2024 -
Permission granted by Michaels
Michaels lowers prices on over 5K products
The arts and crafts retailer has dropped prices to 2019 levels or lower, as it aims to help customers “stretch their dollar,” according to the CEO.
By Kaarin Moore • April 18, 2024 -
Courtesy of Levi Strauss & Co.
Levi’s reopens Bangkok store as it eyes growth in the region
The location, which features one of the brand’s tailoring shops, is part of a broader DTC strategy to grow its fleet of owned and operated stores.
By Tatiana Walk-Morris • April 18, 2024 -
Courtesy of Walmart
Walmart brings autonomous forklifts to 4 distribution centers
The Fox Robotics technology is deploying in Florida, Texas, New York and Alabama after a 16-month pilot.
By Alejandra Carranza • April 17, 2024 -
Under Armour’s chief people and administrative officer to step down
Tchernavia Rocker is leaving the company on June 1 for “personal reasons,” the company said.
By Nate Delesline III • April 17, 2024 -
Courtesy of Adidas
Adidas raises guidance for the year as Yeezy leftovers keep on giving
But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.
By Daphne Howland • April 17, 2024 -
Daphne Howland/Retail Dive
Dick’s Sporting Goods, SidelineSwap expand resale partnership
The companies will hold over 300 used sports gear trade-in events at select Dick’s locations throughout the year.
By Tatiana Walk-Morris • April 17, 2024 -
Permission granted by Dollar General
Why Dollar General is winning with store count
By committing to smaller, rural markets, the retailer has room to grow its substantial store footprint, industry experts and company leaders say.
By Nate Delesline III • April 17, 2024 -
FangXiaNuo via Getty Images
Report: Chief marketer tenure stabilizes, though volatility remains high at top brands
A rise in internal promotions, first-time CMOs and outside hires were among the other big trends identified in Spencer Stuart’s assessment.
By Peter Adams • April 17, 2024 -
HEYDUDE
Stanley Brand president to lead Heydude
Terence Reilly, who ushered the more than a century-old brand to viral success, is rejoining Crocs Inc., where he previously served as chief marketing officer.
By Nate Delesline III • April 16, 2024 -
Courtesy of L Brands
Bath & Body Works opens first store in London
A second location will open in the city this fall, as the company looks internationally to spur growth.
By Kaarin Moore • April 16, 2024 -
Daphne Howland/Retail Dive
Sephora taps Nike vet to lead Greater China
Xia Ding spent five years at the activewear giant and also brings experience from HanesBrands and JD.com.
By Cara Salpini • April 16, 2024 -
Michaels gets S&P upgrade on improved performance and credit metrics
But topline trends in the arts and crafts retail sector are likely to stay soft in 2024 as inflation persists, analysts say.
By Nate Delesline III • April 15, 2024 -
Courtesy of Fly By Jing
Fly by Jing lowers prices as it expands into over 2K Walmart stores
The price reductions come as consumers feel the pressure of inflation, especially in the grocery category.
By Caroline Jansen • April 15, 2024 -
Cara Salpini/Retail Dive
Inside a closing Macy’s store
CEO Tony Spring surprised the industry with a new tranche of 150 department store closures, 50 of which are shuttering in 2024. Here’s what that looks like.
By Cara Salpini • April 15, 2024 -
Courtesy of Knot Standard
Billy Reid acquires Knot Standard’s DTC business
As part of the deal, the fashion retailer will take over the DTC brand’s stores and start using its AI-based made-to-measure software in all its locations.
By Cara Salpini • April 12, 2024 -
Courtesy of Conn's
Conn’s swings to a profit in Q4 as annual losses grow
Three months after acquiring a rival home goods retailer, Conn’s is focusing on consumer financing as a revenue driver.
By Nate Delesline III • April 12, 2024 -
Daphne Howland/Retail Dive
Levi’s taps Burberry veteran to lead DTC push
Gianluca Flore, who has also had leadership roles at Kering and Bottega Veneta, will oversee all of the denim brand’s selling channels globally.
By Daphne Howland • April 12, 2024 -
Courtesy of PetSmart
ColumnThe Weekly Closeout: PetSmart hosts tattoo redo contest, Williams Sonoma announces book tour with Ina Garten
The pet retailer is offering to pay to replace regretted tattoos, and the home retailer will host a four-city tour to celebrate the food celebrity’s new book.
By Retail Dive Staff • April 12, 2024 -
Sviatlana Zyhmantovich via Getty Images
BNPL users report problems with overspending, missed payments: survey
Consumers are using buy now, pay later services to spread out their cash flow, according to a new Bankrate report.
By Tatiana Walk-Morris • April 12, 2024 -
Courtesy of Amazon
Andy Jassy says Amazon will deepen investments in generative AI
Jassy described the tech as “the largest technology transformation since the cloud” or the internet, and said the company is “optimistic” it will be built on top of AWS.
By Nate Delesline III • April 11, 2024
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