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Retailers' delicate opportunity to win new e-commerce customers
News 2 weeks ago
Retailers' delicate opportunity to win new e-commerce customers
Source Retail Dive

The global COVID-19 pandemic has accelerated the rise of e-commerce. In April, U. S. e-commerce orders leapt 49% as consumers stayed home to...

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Walmart teams with Shopify to grow its marketplace
News 3 weeks ago
Walmart teams with Shopify to grow its marketplace
Source Retail Dive

Although as an essential retailer Walmart's stores have remained open during the pandemic, its e-commerce sales surged 74% in the first quarter....

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Lands' End downgraded on refinancing uncertainty
News 3 weeks ago
Lands' End downgraded on refinancing uncertainty
Source Retail Dive

As the S&P analysts put it, Lands' End "faces a sizable maturity within the next 12 months and that its ability to address the maturity at par...

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Sam's Club rolls out curbside pickup across the US
News 3 weeks ago
Sam's Club rolls out curbside pickup across the US
Source Retail Dive

Sam's Club is bringing curbside pickup service to all of its locations at a time when retailers are racing to offer ways for people to efficiently...

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Lululemon eyes Q4 for a return to revenue growth
News 3 weeks ago
Lululemon eyes Q4 for a return to revenue growth
Source Retail Dive

The message from Lululemon executives coming out of Q1 was much the same as its Q4 report: Stay the course. The athletics retailer reiterated again...

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Tailored Brands says it may have to file bankruptcy if COVID-19 crisis wears on
News 3 weeks ago
Tailored Brands says it may have to file bankruptcy if COVID-19 crisis wears on
Source Retail Dive

Retailers of all financial profiles have scrambled to maintain cash positions since the COVID-19 crisis began. Distressed retailers have been...

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RTW Retailwinds could close all stores in bankruptcy scenario
News 3 weeks ago
RTW Retailwinds could close all stores in bankruptcy scenario
Source Retail Dive

When the women's apparel retailer changed its name from New York & Co., its intent was to "establish a strong and distinct corporate identity,"...

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US retail sales to decline 10.5% in 2020: eMarketer
News 3 weeks ago
US retail sales to decline 10.5% in 2020: eMarketer
Source Retail Dive

The eMarketer report adds further context to how the COVID-19 pandemic has shifted consumer spending online. After several retailers initially...

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Apparel margins take a hit as retailers face a new future
News 3 weeks ago
Apparel margins take a hit as retailers face a new future
Source Retail Dive

Apparel retailers, like all nonessential retailers, for much of the first quarter were forced to lock up their physical stores in order to help...

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Simon pulls out of $3.6B Taubman deal
News 3 weeks ago
Simon pulls out of $3.6B Taubman deal
Source Retail Dive

The pandemic has provided a reason to walk back plans that seemed forged in ink a few months ago. Private equity firm Sycamore Partners, for...

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Will COVID-19 push contactless payments into the mainstream?
News 3 weeks ago
Will COVID-19 push contactless payments into the mainstream?
Source Retail Dive

For essential businesses at the front lines of the COVID-19 pandemic, reducing risk for in-store customers has been a top priority. With that in...

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Big Lots adds delivery service from Instacart
News 3 weeks ago
Big Lots adds delivery service from Instacart
Source Retail Dive

Big Lots' collaboration with Instacart can help expand the brand's customer base among shoppers who either prefer the convenience of delivery or...

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Permanent store closures could hit 25K in 2020, Coresight says
News 3 weeks ago
Permanent store closures could hit 25K in 2020, Coresight says
Source Retail Dive

In the report, Coresight CEO and founder Deborah Weinswig pointed out how months of store closures, as the country worked to slow the spread of...

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How the pandemic could fundamentally alter grocery store layouts
News 3 weeks ago
How the pandemic could fundamentally alter grocery store layouts
Source Retail Dive

Expanding e-commerce and turning stores into meal destinations were high on grocery executives' to-do lists before the COVID-19 pandemic. Now they...

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Signet to close nearly 400 stores
News 3 weeks ago
Signet to close nearly 400 stores
Source Retail Dive

Signet closed all of its stores in late March amid restrictions to stop the spread of the COVID-19 outbreak, and began a "staggered store reopening...

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Macy's store reopenings 'better than anticipated'
News 3 weeks ago
Macy's store reopenings 'better than anticipated'
Source Retail Dive

The COVID-19 pandemic is not yet in the rearview mirror. Cases are still rising in some areas and even states with declining numbers still face...

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Bloomberg: Tailored Brands mulls bankruptcy
News 3 weeks ago
Bloomberg: Tailored Brands mulls bankruptcy
Source Retail Dive

Like scores of its peers, Tailored Brands shut down its store footprint in March, furloughed employees and cut executive pay as the COVID-19...

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Please don't touch: The future of experiential retail in the era of coronavirus
News 4 weeks ago
Please don't touch: The future of experiential retail in the era of coronavirus
Source Retail Dive

What's the purpose of a store? Technically, it's to offer up products to customers and, more importantly, get them to buy those products. But in...

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Reuters: Sycamore Partners in early acquisition talks with J.C. Penney
News 4 weeks ago
Reuters: Sycamore Partners in early acquisition talks with J.C. Penney
Source Retail Dive

Talk of a Penney acquisition underscores just how much the department store retailer's fate is up in the air. Penney filed for Chapter 11 last...

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Bankrupt J.C. Penney plans 154 initial store closures
News 1 month ago
Bankrupt J.C. Penney plans 154 initial store closures
Source Retail Dive

J. C. Penney is making progress on its efforts to reorganize and execute a long-promised turnaround. But its ultimate fate in bankruptcy, and...

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Gap Inc. Q1 loss nears $1B
News 1 month ago
Gap Inc. Q1 loss nears $1B
Source Retail Dive

Gap Inc. - already struggling with leadership turnover, declines at its namesake brand and a failed attempt to spin off its Old Navy banner -...

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GameStop eyes debt deal as Q1 sales fall by a third
News 1 month ago
GameStop eyes debt deal as Q1 sales fall by a third
Source Retail Dive

In March, GameStop CFO Jim Bell said comp sales rose 2% in the early weeks of that month, something he and the company attributed to students and...

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G-III edges away from retail with plans to liquidate all Wilsons Leather and G.H. Bass stores
News 1 month ago
G-III edges away from retail with plans to liquidate all Wilsons Leather and G.H. Bass stores
Source Retail Dive

With this move, G-III is edging away from retail, where apparel growth was already weak before the pandemic forced specialty retailers to...

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Debtwire: Ascena brings on Kirkland & Ellis, others to advise on balance sheet
News 1 month ago
Debtwire: Ascena brings on Kirkland & Ellis, others to advise on balance sheet
Source Retail Dive

For retail suppliers and lenders, the name Kirkland & Ellis can bring on anxiety, given the law firm's long roster of retail clients that it has...

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LVMH takes a new look at proposed $16.2B Tiffany merger
News 1 month ago
LVMH takes a new look at proposed $16.2B Tiffany merger
Source Retail Dive

The planned $16.2 billion acquisition of American jeweler Tiffany by Parisian conglomerate LVMH Mo√ęt Hennessy Louis Vuitton appears to be on the...

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Simon Property Group reportedly takes Gap to court over unpaid rent
News 1 month ago
Simon Property Group reportedly takes Gap to court over unpaid rent
Source Retail Dive

The COVID-19 pandemic forced brick-and-mortar stores to shut down in a public health effort to halt the spread of the disease, throttling revenue...

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From shipments to cash flow, pandemic uncertainty makes reopening harder
News 1 month ago
From shipments to cash flow, pandemic uncertainty makes reopening harder
Source Retail Dive

If only it were as easy as unlocking the doors. With states gradually lifting restrictions on businesses and residents put in place in response to...

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Sephora updates loyalty program for the third time in as many years
News 1 month ago
Sephora updates loyalty program for the third time in as many years
Source Retail Dive

As stores begin to reopen, Sephora's included, the beauty retailer introduced updates to its loyalty program, some of which customers won't be able...

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Bankrupt Neiman Marcus breached its loan terms, lender says
News 1 month ago
Bankrupt Neiman Marcus breached its loan terms, lender says
Source Retail Dive

Retailers in bankruptcy take on DIP financing as a matter of course. It's a routine tool, but absolutely crucial for any company that wants to...

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Costco will revive store sampling this summer
News 1 month ago
Costco will revive store sampling this summer
Source Retail Dive

Costco is hoping that by reviving key parts of its store experience, it can entice more shoppers to visit and boost sagging sales growth. The...

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