The Latest
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Retail workers hail New York’s new panic-button law
But the bill signed by Gov. Kathy Hochul, which requires a host of safety measures to address store-based crime, was opposed by key trade groups.
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Nordstrom pulls back on Pacific Northwest omnichannel center plans
The retailer said its current network will suffice following supply chain improvements made over the last few years.
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Family Dollar implements AI tech for category management, merchandising
The discount chain has selected Dunnhumby to power a platform aimed at localizing product assortment to better meet shoppers’ needs.
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33% of holiday shoppers plan to spend less this year: Bankrate
Concerns around high interest rates and inflation are stressing consumers’ budgets, according to a recent report.
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Retrieved from Piqsels.
Simon expands, rebrands online outlet marketplace as ShopSimon
The digital marketplace is adding sale and discounted merchandise to its outlet offering of over 360 retailers.
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Arc’teryx opens largest flagship to date
The 14,164-square-foot store is located at 580 Broadway in New York City and will feature both new and refurbished products.
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"Lumber Liquidators store, 2321 Ellsworth Road, Ypsilanti Township, Michigan." by Dwight Burdette is licensed under CC BY 3.0
LL Flooring to liquidate, close all stores after no buyer found
"This is not the outcome that any of us had hoped for," CEO Charles Tyson said in messages to customers and vendors.
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Walmart expands marketplace offerings with StockX sneaker deal
The big-box retailer executive Manish Joneja said the broadened assortment should draw more buyers.
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Kohl’s launches family-focused brand platform
The department store wants to highlight authentic moments with families to showcase its wide-ranging product assortment.
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Column
The Weekly Closeout: Under Armour hires (another) Adidas vet and Bluemercury turns 25
The athletics retailer appointed a new leader in its Europe, the Middle East and Africa division, while the beauty company refreshed its online presence.
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Deep Dive
Temu and Shein packages are flooding delivery networks. Will the surge persist?
Parcel carriers are counting on the e-commerce companies to adapt to any potential de minimis changes, as many have come to rely on the added volume.
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Birkenstock program members spend 25% more than other consumers
The footwear company is looking to expand its brick-and-mortar footprint and grow its online membership to create lifelong customers.
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DTC rug brand Ernesta opens second showroom
The company has opened a location in Bethesda, Maryland, in an area that has increasingly become popular for other DTC brands opening stores.
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Nordstrom family group offers $3.8B to go private
In pursuit of a takeover, CEO Erik Nordstrom and his brother, President Pete Nordstrom, have teamed up with other family members as well as retail conglomerate El Puerto de Liverpool.
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Rite Aid exits bankruptcy, sheds $2B in debt
Chief Financial Officer Matt Schroeder will take over the CEO post from restructuring officer Jeffrey Stein.
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While others falter, Dick’s stays strong with 8% sales growth
CEO Lauren Hobart said the retailer continues to thrive thanks to long-term investments in product assortment, customer experience and stores.
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Off-price retailers poised to take even more market share from department stores
TJX, Ross and Burlington all enjoyed higher sales and profits in the second quarter.
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Dollar Tree delivers weak Q2, cuts full-year guidance
Family Dollar customers are leaving for other stores like Walmart, according to analysts, as the banner shrinks its footprint.
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Retrieved from Foxtrot.
After a puzzling past few months, Foxtrot returns
The retailer, which abruptly ceased operations earlier this year, will reopen its store in Chicago’s Gold Coast neighborhood.
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Column
The Weekly Closeout: Pacsun names CFO, Abercrombie posts ‘record’ Q2 net sales
The teen retailer hired BowFlex, Inc. veteran Aina Konold, while the apparel company saw sales increase 21% year over year to $1.1 billion.
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Bath & Body Works’ semi-annual sale ‘fell short of our expectations’
As a result, the company is evaluating its approach to the event, including the timing, marketing and messaging.
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Amazon tech to automate 10 new campus c-stores
The company said it expects to put its technology in more stores in 2024 than in any previous year.
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Podcast
The Backroom: Under Armour’s past — and future — under Kevin Plank
The executive earlier this year returned to the athletics brand he founded nearly 30 years ago. What does that mean for the company?
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Mango extends e-commerce operations to 12 new markets
The company also named Marlies Hersbach as its new e-commerce executive director as its online business accelerates.
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Rihanna’s Savage X Fenty debuts at Selfridges
The move marks the inclusive lingerie brand’s first brick-and-mortar presence abroad.