Excess inventory at Neiman Marcus squeezes Q3 margins

Some consumers showed wariness in the period, but the department store said its top customers, brands and stores continue to do well.

By Daphne Howland • June 8, 2023

GameStop CEO fired, Ryan Cohen appointed executive chairman

Matt Furlong has served as chief executive since June 2021. Meanwhile, the company canceled its first-quarter earnings call on Wednesday.

By Dani James • Updated June 8, 2023

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

Wayfair’s chief commercial officer to exit

Steve Oblak, who is leaving the company after 14 years, will be succeeded by Jon Blotner, who oversees the company’s private labels and specialty retailers.

By Caroline Jansen • June 7, 2023

Lovesac C-suite shifts while Q1 net sales increase

The furniture brand’s CFO and chief strategy officers are retiring effective June 30 while the company looks to invest in tech for growth.

By Dani James • June 7, 2023

Adidas offers student loan help for US employees

The company is also offering free financial coaching, as 80% of employees say that student debt is stressing them out.

By Nate Delesline III • June 7, 2023

Stitch Fix mulls exiting the UK amid ongoing sales declines

The apparel box e-retailer, focused on profits and expense cuts, is closing two warehouses. But analysts wonder when revenues will rebound.

By Daphne Howland • June 7, 2023

Walmart Connect expands in-store ad formats as shoppers return en masse

The company’s ad division is drawing from a traditional shopper marketer playbook by in-housing product demos and testing ads in its radio network.

By Peter Adams • June 7, 2023

BuyBuy Baby could get bought as buyers express interest

The retailer may not disappear if one of several bidders, including Babylist, acquires its digital brand or brick-and-mortar locations.

By Nate Delesline III • June 6, 2023

Joann looks to private labels to help cut costs, boost sales

Falling freight expenses are also getting the sewing and crafts retailer closer to its $200 million savings goal, announced earlier this year.

By Daphne Howland • June 6, 2023

Victoria’s Secret expands Amazon assortment to include apparel, lingerie

The retailer opened its Amazon storefront last year with 120 beauty products in an effort to stoke sales within the category.

By Kaarin Moore • June 6, 2023

Great Jones sold to maker of KitchenAid, Farberware

Under Meyer, the DTC cookware brand’s co-founder and CEO, Sierra Tishgart, will continue to lead the brand.

By Caroline Jansen • June 6, 2023

CBD brand Lord Jones exits US business

Lord Jones — which is owned by cannabis company Cronos Group — will launch as an adult-use brand in Canada during the fourth quarter.

By Dani James • June 6, 2023

Foxtrot opens its biggest store to date

The new site will feature an indoor-outdoor covered patio in addition to Foxtrot’s signature locally sourced food and beverage options.

By Brett Dworski • June 6, 2023

Authentic Brands Group acquires Hunter Boots intellectual property

The brand conglomerate said the deal was part of an effort to diversify its portfolio outside of the U.S.

By Laurel Deppen • June 5, 2023

Five Below sales up nearly 14% as it scoops up Tuesday Morning leases

The retailer is also on track to convert 400 stores to its higher-priced Five Beyond format before the end of the year.

By Nate Delesline III • June 5, 2023

Sorel brand president resigns to focus on health

Columbia Sportswear Company announced that Mark Nenow stepped down from the footwear brand after about eight years in the position.

By Dani James • June 5, 2023

Dollar General promotes multiple executives

Chief Marketing Officer Chad Fox was elevated to senior vice president and is now also responsible for the discounter's digital operations.

By Sam Silverstein • June 5, 2023

How Target went from loud and proud — to silent

The mass retailer remained quiet after pulling Pride merchandise from some stores out of safety concerns. LGBTQ+ groups, human rights advocates and marketers say that sends the wrong message.

By Daphne Howland • June 5, 2023

Brad Pitt’s Le Domaine signs first US retail deal with Bluemercury

The Macy’s-owned retailer will sell the products as part of “The Cache,” a curated collection of emerging brands.

By Howard Ruben • June 2, 2023

Lululemon rides 60% international growth to $2B quarter

Greater China in particular grew 79%, and the region will account for the majority of international store openings planned for the year.

By Cara Salpini • June 2, 2023

Patagonia and Gap settle pullover fleece design lawsuit

Patagonia had accused Gap of deliberately copying its apparel designs and logos, saying they confused customers.

By Nate Delesline III • June 2, 2023

The Weekly Closeout: Nike apparel returns to Macy’s, Under Armour founder sells $100M of shares

After backing out of a wholesale partnership in 2021, Nike clothing will again be available at the department store. Meanwhile, Kevin Plank sold 16 million shares to BDT Capital Partners.

By Retail Dive Staff • June 2, 2023

Dollar General cuts guidance, shareholders OK safety audit

The retailer also plans to slow the opening pace of its PopShelf stores this year. 

By Nate Delesline III • June 1, 2023

Beautycounter CEO exits in leadership shuffle

Marc Rey was in the top spot for less than two years, and leaves as the beauty brand brings on a new chief financial officer and board chair.

By Dani James • June 1, 2023

Macy’s slashes outlook after weak Q1

The department store has fared worse this year than it expected, and is bracing for customers to continue to pull back in coming months.

By Daphne Howland • June 1, 2023