The Latest
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The Weekly Closeout: Kohl’s plans to refinance, Wayfair expands large-format concept
The department store intends to refinance with a $360 million offering of new senior secured notes, while the home goods retailer said another larger store is on the horizon.
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Sponsored by Quad
The power of local: 3 reasons CPG marketers are turning to mid-market retail media
We’re seeing rising traction for mid-market and local/regional grocers in the retail media space. Discover the three reasons why.
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QVC Group plans reverse stock split, voluntary delisting
As a result of the reverse stock split, the company doesn’t expect it will meet the continued listing requirements of the Nasdaq Capital Market.
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April retail sales jumped 5.3% in a ‘last hurrah’
Tariffs have shown a bigger impact on consumer confidence than prices, last month’s data shows.
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Dick’s to acquire Foot Locker in $2.4B deal
Analysts are not sold on the deal, which adds a struggling retailer to Dick's strong portfolio, but executives expressed confidence they could turn Foot Locker around.
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Why retail’s e-commerce disruption era is over
Brick-and-mortar stores drive the vast majority of core retail sales, and that won’t change any time soon, according to a report from commercial real estate firm Colliers.
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Rite Aid sells upwards of 1K stores to CVS, Walgreens, others
CVS Health is one of the largest buyers, snapping up prescription files from hundreds of stores and fully acquiring 64 locations.
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Walmart to pay tech company $222M over trade secret misappropriation
The decision by an Arkansas jury is the latest twist in a legal battle between the mass retailer and Zest Labs, which claims Walmart stole technology that extends produce shelf life.
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A UK retail cyberattack campaign is headed to the US, researcher warns
The hackers behind cyber intrusions at Harrods, Co-op and M&S are turning their attention to U.S. retailers, Google Threat Intelligence researchers say.
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TikTok Live remains top live shopping platform
Though roughly 60% of U.S. adults say they watch live shopping in general, only half of them are making purchases, a recent survey shows.
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Walmart CEO: ‘Higher tariffs will result in higher prices’
The big-box retailer vows to keep those prices as low as possible and is leaning into relationships with vendors to respond to a fluctuating market.
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Column
The Weekly Closeout: Hudson’s Bay lands ‘several’ bids and Trump threatens Mattel with tariffs
None of the Canadian retailer’s bids are from insiders. Meanwhile, the president responded to the toy brand's statements on diversifying its supply chain.
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Ikea adds more ways for loyalty members to earn, redeem points
The furniture retailer wants to enhance the value customers receive from every interaction, according to Nicole King, customer engagement & loyalty manager at Ikea U.S.
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US, China agree to reduce tariff rates for 90 days
By Wednesday, the two countries will charge 10% baseline duties and remove certain retaliatory levies that pushed rates over 100%.
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Rite Aid blames latest bankruptcy on retail operations
The drugstore retailer cites reluctant customers and recalcitrant vendors, but its crippling debt overshadows all.
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Ahead of summer, Target debuts 10K products with thousands priced under $20
In addition to refreshing its assortment for the warmer months ahead, the mass merchant is offering in-store events throughout June.
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American Eagle Outfitters pulls guidance, writes down $75M in inventory
The preliminary Q1 results also revealed a 5% revenue decline and steep operating losses.
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Retrieved from Senate Democrats/YouTube.
Senate Dems push for small business tariff exemption
Under a bill introduced this week, duties imposed when President Donald Trump declared a national emergency would not apply to goods imported or used by small companies.
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Church & Dwight acquires Touchland for $880M
The hand sanitizer brand, founded in 2018, has expanded its distribution to major retailers including Target, Ulta and Urban Outfitters.
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FedEx, Amazon strike large-package delivery deal
The agreement comes nearly six years after FedEx let its Express and Ground shipping contracts with the e-commerce giant expire.
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UK authorities warn of retail-sector risks following cyberattack spree
Three major retail brands, including Harrods and Marks & Spencer, have been targeted in recent weeks.
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Peloton revenue slides 13% in Q3
Still, executives touted that the connected fitness company performed above the high end of its guidance range as it narrowed losses in the period.
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Kohl’s paperwork reveals board member left due to governing concerns, lack of transparency
Emails show that Christine Day resigned from her board role due to a disagreement with the company — a disparity from a previous SEC filing.
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Mattress Firm taps AI platform to improve inventory flow
Using Invent.ai technology, the retailer will aim to upgrade demand forecasting and distribution center replenishment.
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ThredUp overhauls resale service, slashes fees
The recommerce company is taking an open-source approach, eliminating fees for branded resale shops and broadening access to its partner network.
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Walmart touts savings from continued automation efforts
The retailer predicts it will slash costs by more than 30% at its high-tech facilities by year's end, one executive said.