The Latest
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Podcast
The Backroom: Saks Global and the bankruptcy that everyone saw coming
The team chats about their recent visits to Saks Fifth Avenue’s Manhattan flagship and brings in Debtwire analysts to discuss the retailer’s Chapter 11 process.
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Sponsored by Stax Payments
Payments for retail: how membership-style saves money
Why high-volume retailers are switching to membership-style payment pricing.
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Tractor Supply reins in guidance after weak finish to the year
Weaker demand for discretionary goods and fewer severe weather events hurt Q4 sales while tariffs helped drive down margins.
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Home Depot cuts 800 jobs
The roles within its Atlanta store support center are primarily concentrated in its tech organization and come as the retailer mandates a full-time return to office.
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Inside Pat McGrath Cosmetics’ bankruptcy
The Chapter 11 filings said a lender commenced the auctioning of the brand without founder and CEO Patricia McGrath’s consent.
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Pinterest to lay off 15% amid AI investment
As the social media giant integrates AI further into its platform, the company is trimming its staff and office footprint.
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Nordstrom names chief supply chain officer
Jason Bell was promoted to the position after serving as senior vice president of supply chain operations since 2021.
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Retail’s risky AI commerce bet
As retailers race to meet consumers on external AI platforms, they risk losing data and direct interaction with shoppers. Experts say disruption has only just begun.
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On appoints new CFO
Frank Sluis will take over finance leadership from CEO Martin Hoffmann, who had been juggling both positions since last July.
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Crocs puts self-expression over algorithmic sameness with new platform
Ads show mannequins dancing to life and growing more human as the footwear marketer encourages real-world experiences over digital drudgery.
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Simon Property Group flags $100M Saks Global investment in rent dispute
The mall REIT told the bankruptcy court that the luxury department store owes more than $7 million.
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Amazon cuts 16K jobs
The e-commerce giant declined to say how much this latest round of downsizing would impact its retail operations.
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Allbirds to close all US stores, save 2 outlets
The one-time DTC darling operated more than 60 locations at its peak, but will have just four company-run stores globally by the end of February.
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Home Depot’s key to great AI experiences? Ensure it remains an authority
The retailer started early and will continue to evolve its AI efforts “so that the brand voice shows up the way we want it to,” CIO Angie Brown said.
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Target expands beauty assortment, adds 60 new brands
The mass retailer is refreshing its beauty space in stores and hosting in-person events as it winds down its partnership with Ulta.
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Sports giant Anta snaps up Puma stake for $1.8B
The Chinese company, whose portfolio includes Fila and a majority stake in Amer Sports, will be the sneaker brand’s largest shareholder.
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How Macy’s is flexing its Style Crew affiliate program beyond social media
The department store recently experimented with its Style Crew of over 600 influencers by integrating them into in-person events and direct mailers.
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Nike to lay off 775 as it consolidates US distribution centers
The activewear retailer is accelerating technology and automation use in the hopes of improving efficiency across its supply chain.
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Amazon to shutter all Amazon Fresh and Go stores
The company will focus its brick-and-mortar strategy on Whole Foods Market, with plans to open more than 100 new stores under the banner over the next few years.
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Target’s incoming CEO co-signs letter calling for ‘deescalation of tensions’ in Minnesota
Michael Fiddelke joined about 60 other CEOs, including Best Buy's Corie Barry, in signing a letter about "recent challenges" in the state.
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American Eagle to close Quiet Logistics business
The third-party logistics provider will discontinue services in the coming months and end operations at fulfillment centers in Boston and Dallas.
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Dollar General expands reach of rural same-day delivery service
The discount retailer is the latest company extending its delivery offerings to focus on underserved communities.
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Column
The Weekly Closeout: Reebok teams with Karol G and will January storms ice out retail sales?
The activewear brand signed a multiyear deal with the Colombian artist, while analysts speculate upcoming weather could slow spending.
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Moleskine opens first neighborhood concept store in US
The Upper East Side location in New York City represents a strategic shift in the company’s retail approach in America.
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Quince expands to Canada
The online retailer has officially launched a website to serve its Canadian customers after soft launching the platform in November.
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Deep Dive
What’s up with department stores?
The retail model is in retreat. But that doesn’t mean it — or its billions in sales — will disappear any time soon.