Operations: Page 94
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Retrieved from Business Wire on September 27, 2023
Square adds merchant tools
Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.
By Caitlin Mullen • Sept. 28, 2023 -
‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo
Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.
By Ben Unglesbee • Sept. 28, 2023 -
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 -
Target to close 9 stores over theft, safety concerns
Stores in major cities like San Francisco, New York and Seattle are slated to shutter as a result of “unsustainable business performance.”
By Nate Delesline III • Sept. 27, 2023 -
Retail shrink, theft changed little in 2022
But more retailers are concerned about escalating violence in stores, which experts say carries other costs beyond shrink.
By Daphne Howland • Sept. 27, 2023 -
Peloton co-founder, chief product officer to step down
Tom Cortese will be replaced in November by Nick Caldwell, who has over 20 years of experience working at various technology companies.
By Dani James • Sept. 27, 2023 -
As US consumers slow down, Walmart is muscling out its competition
The retail giant is embracing strategies previously mastered by Target, Amazon and others, and that’s paying off, various analysts report.
By Daphne Howland • Sept. 27, 2023 -
FTC, 17 states sue Amazon for ‘exploiting its monopoly power’
The e-commerce giant defended the practices outlined in the lawsuit, saying they “spur competition and innovation across the retail industry.”
By Daphne Howland • Sept. 26, 2023 -
UrbanStems hires new chief executive officer
The online floral company has tapped Ana Mollinedo Mims for the position, succeeding Seth Goldman who has served as CEO since 2018.
By Dani James • Sept. 26, 2023 -
Dick’s to shutter 11 Moosejaw stores amid integration with Public Lands
Three Moosejaw locations will remain open, while the rest — and the outdoor retailer’s headquarters — are scheduled to close by February.
By Cara Salpini • Sept. 26, 2023 -
Shoe Carnival CFO exits after 5 months
Patrick Edwards was named the company's new chief financial officer — the third person to serve in the role this year.
By Nate Delesline III • Sept. 26, 2023 -
Rent the Runway secures new UPS deal to reduce transportation costs
Through the agreement reached last month, UPS will handle most of the online apparel rental company’s shipping needs.
By Max Garland • Sept. 26, 2023 -
Peloton names SVP of apparel, accessories
A few months after the fitness brand launched a rebrand, Cédric Fletcher joins the company with experience from Nike and Under Armour.
By Dani James • Sept. 25, 2023 -
Rite Aid could close hundreds of stores in possible bankruptcy: WSJ
The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.
By Nate Delesline III • Sept. 25, 2023 -
J.C. Penney Q2 sales, profits slide
Still, margins expanded, inventory is down, store traffic is up and the department store remains in the black.
By Daphne Howland • Sept. 25, 2023 -
Applications open for Macy’s vendor diversity accelerator
Established in 2011, the retailer is set to welcome its next cohort of underrepresented business owners in May.
By Nate Delesline III • Sept. 25, 2023 -
Fly By Jing expands to 1,200 Target stores
The brand launched at Target in 2021, and the move builds on its wholesale presence, which also includes partnerships with Whole Foods and Costco.
By Howard Ruben • Sept. 25, 2023 -
Meati Foods reduces staff by 10% as it focuses on profitability
The fermented meat company said the layoffs were not a result of the demand it has seen for its products.
By Elizabeth Flood • Sept. 25, 2023 -
Deep Dive
Can Express survive a new era of apparel?
As profits decline and momentum slows, the retailer is working to regain profitability and expand its brand in a tough macroeconomic environment.
By Nate Delesline III • Sept. 25, 2023 -
Retrieved from Noble House Home Furnishings on September 21, 2023
Furniture-maker Noble House falls into bankruptcy, owes overseas suppliers millions
The company, which sells to some of the largest U.S. retailers, suffered from rising costs and disruptions in its supply chain.
By Ben Unglesbee • Sept. 25, 2023 -
Sponsored by Exotec
Taking the cost out of peak season fulfillment
Looking at all aspects of peak fulfillment with a financial lens is critical for effective planning.
Sept. 25, 2023 -
Sponsored by Deposco
5 reasons why supply chain execs are buckling down on order accuracy for 2023 peak season
How do your preparations for peak season compare to what other retail leaders are doing?
Sept. 25, 2023 -
Purple taps Party City vet as CFO
Todd Vogensen on Oct. 16 will take over from interim CFO Bennett Nussbaum, who will become the company’s chief transformation officer.
By Caroline Jansen • Sept. 22, 2023 -
Eddie Bauer pins growth on global expansion, wholesale
The century-old outdoor apparel retailer is also getting a brand refresh, including a new logo.
By Daphne Howland • Sept. 22, 2023 -
The Weekly Closeout: True Religion expands internationally and The Container Store’s CEO takes a pay cut
The apparel retailer will soon have 26 markets outside of the U.S., while Satish Malhotra temporarily reduced his salary to offset employee pay raises.
By Retail Dive Staff • Sept. 22, 2023 -
Target releases first private label kitchen brand, Figmint
Over half of the items are under $10, as the retailer continues to broaden its assortment to include more affordable price points.
By Tatiana Walk-Morris • Sept. 22, 2023