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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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Reopening in the home category
News 1 month ago
Reopening in the home category
Source Retail Dive

Traditionally, before a consumer made a big investment purchase for their home, like a sofa or a mattress, they wanted to go into a store and "test...

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Tractor Supply plans first mobile app
News 1 month ago
Tractor Supply plans first mobile app
Source Retail Dive

Tractor Supply has been prioritizing technological investments for some time. In December, the company enlisted former Macy's president Hal Lawton...

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Brick and mortar's next chapter
News 1 month ago
Brick and mortar's next chapter
Source Retail Dive

As the COVID-19 era has vividly demonstrated, closing stores has, at best, a chilling effect on shopping. In April - a month when, unlike March or...

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Nordstrom Q1 loss exceeds half a billion dollars
News 1 month ago
Nordstrom Q1 loss exceeds half a billion dollars
Source Retail Dive

Erik Nordstrom on Thursday reiterated his confidence in the retailer's ecosystem approach to its operations, which knits together its full-line and...

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Why the pandemic was a windfall for (some) dollar stores
News 1 month ago
Why the pandemic was a windfall for (some) dollar stores
Source Retail Dive

It's an awkward reality of the dollar store sector: social misfortune often improves its lot. The first quarter of this year brought a windfall to...

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Ulta slashes 2020 new store openings to as few as 30
News 1 month ago
Ulta slashes 2020 new store openings to as few as 30
Source Retail Dive

While comps for Ulta's e-commerce business increased over 100% in the quarter, according to executives, that wasn't enough to offset the loss from...

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What will bring consumers back to brick-and-mortar stores?
News 1 month ago
What will bring consumers back to brick-and-mortar stores?
Source Retail Dive

When General Motors president Charles E. Wilson appeared before the Senate Armed Services Committee in late 1952, he was asked whether, if...

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The incredible shrinking department store
News 1 month ago
The incredible shrinking department store
Source Retail Dive

Department stores are dropping like flies. By interrupting whatever comeback plans they had - and each has been in repair mode in some way or...

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How Tuesday Morning went bankrupt
News 1 month ago
How Tuesday Morning went bankrupt
Source Retail Dive

When Lloyd Ross founded Tuesday Morning in 1974, a few years before the first T. J. Maxx opened, it was basically a big garage sale. Ross loaded up...

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The Backroom: How the coronavirus sped up retail bankruptcies
News 1 month ago
The Backroom: How the coronavirus sped up retail bankruptcies
Source Retail Dive

Since March, 12 major retailers have filed for bankruptcy and most have cited reasons that include, in part, the impacts of the coronavirus public...

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Standard Cognition acquires Checkout Technologies
News 1 month ago
Standard Cognition acquires Checkout Technologies
Source Retail Dive

Standard Cognition's Checkout Technologies acquisition comes after the checkout startup snapped up DeepMagic, a New York-based retail automation...

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Otrium raises $26.4M to sell end-of-season fashion
News 1 month ago
Otrium raises $26.4M to sell end-of-season fashion
Source Retail Dive

The coronavirus pandemic has been particularly difficult for apparel and accessories retailers. Apparel sales declined by 89% in April, a sign of...

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6 strategies for grocers preparing for the new e-commerce future
News 1 month ago
6 strategies for grocers preparing for the new e-commerce future
Source Retail Dive

Before the pandemic hit, retailers were steadily updating their operations in anticipation of some distant point when e-commerce would become a...

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Walmart joins long line of retailers partnering with resale site ThredUp
News 1 month ago
Walmart joins long line of retailers partnering with resale site ThredUp
Source Retail Dive

ThredUp runs six of its own locations but is sold through many more stores run by legacy retailers, including Macy's, J. C. Penney, Madewell and...

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Saks owner balks at lawsuit alleging a 'clandestine corporate shell game'
News 1 month ago
Saks owner balks at lawsuit alleging a 'clandestine corporate shell game'
Source Retail Dive

The lenders' complaint against Hudson's Bay opened with stark language about the reorganization the Canadian retail company undertook after going...

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Does the coronavirus outbreak change who's on top in the beauty space?
News 1 month ago
Does the coronavirus outbreak change who's on top in the beauty space?
Source Retail Dive

They say winners aren't born, they're made - but very few retailers were made to thrive in a pandemic. Retail has been hit - and hit hard - by the...

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Fitch downgrades Macy's on pandemic fallout into next year
News 1 month ago
Fitch downgrades Macy's on pandemic fallout into next year
Source Retail Dive

As the country's largest department store, Macy's has both advantages and disadvantages. Macy's new $1.1 billion term loan backed by real estate...

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Tuesday Morning files for bankruptcy with plans to close a third of its stores
News 1 month ago
Tuesday Morning files for bankruptcy with plans to close a third of its stores
Source Retail Dive

While Tuesday Morning pointed to the pandemic - which has landed a direct blow on retail sales with stay-at-home orders in most states over much of...

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J.C. Penney unveils new home brand
News 1 month ago
J.C. Penney unveils new home brand
Source Retail Dive

Just days after filing for Chapter 11 bankruptcy protection, J. C. Penney introduced a new collection aimed at bringing "a fresh beginning" to its...

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Apparel's pandemic 'shock' will be felt into 2021, Moody's says
News 1 month ago
Apparel's pandemic 'shock' will be felt into 2021, Moody's says
Source Retail Dive

Full-price apparel sellers started the year with a long list of troubles. Among them: Declining foot traffic to malls; expanding competition from...

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TJX, Ross weather the storm in Q1
News 1 month ago
TJX, Ross weather the storm in Q1
Source Retail Dive

Off-pricers TJX and Ross held on to many advantages in the first quarter despite challenges wrought by the pandemic. Unsurprisingly, with stores...

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Shopify unveils new pay installment, money management features
News 1 month ago
Shopify unveils new pay installment, money management features
Source Retail Dive

Add Shopify to the list of businesses facilitating installment payments for consumers. Over the past few years, platforms like Afterpay and Klarna...

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L Brands to close 250 Victoria's Secret stores
News 1 month ago
L Brands to close 250 Victoria's Secret stores
Source Retail Dive

L Brands founder Leslie Wexner officially stepped down as chief executive a week ago, leaving the company at a precarious moment made more dire by...

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Macy's Q1 loss could top $1B
News 1 month ago
Macy's Q1 loss could top $1B
Source Retail Dive

Faced with a potential billion-dollar loss for the first quarter and with e-commerce failing to make up for lost sales during the pandemic, Macy's...

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