Activewear brand Ten Thousand raises $21.5M

The DTC men’s brand also announced it formed a three-year partnership with Life Time Athletic Country Clubs.

Westfield is handing over the keys to San Francisco Centre mall

Following Nordstrom’s plan to exit, and as part of its own plans to reduce its U.S. holdings, Westfield will transfer the property to its lender.

Sweaty Betty appoints new brand president

Melissa Mullen succeeds former CEO Julia Straus just a few months after Wolverine World Wide announced strategic changes to the athletic brand.

How legacy beauty brands are aging down to reach Gen Z

Ever-changing trends and flashy brands like E.l.f. Cosmetics are challenging giants like Estée Lauder and L'Oréal to draw from a new playbook.

Chico’s promotes company veteran to CFO post

David Oliver will take over the position from Patrick Guido, who accepted a role with another company, on June 24.

Adobe: Online prices fell 2.3% in May, the biggest drop since the pandemic began

Overall inflation has slowed in recent months and grocery price hikes are easing, the research firm found.

The Weekly Closeout: Nike apparel returns to Macy’s, Under Armour founder sells $100M of shares

After backing out of a wholesale partnership in 2021, Nike clothing will again be available at the department store. Meanwhile, Kevin Plank sold 16 million shares to BDT Capital Partners.

Ring Concierge names first chief marketing officer

Neda Whitney joins the DTC jewelry company from Christie's where she served as its head of marketing for the Americas.

New York City’s retail employment continues to lag

Even hard-hit restaurants have bounced back faster, with areas dependent on tourists and office workers in the worst shape, according to a new report.

Why is Adore Me selling in Walmart?

The DTC lingerie brand launched an exclusive line at the retail giant with the help of Gelmart. But how important is wholesale for the brand?

J. Crew opens virtual store

The beach house experience features six themed rooms for shoppers to browse, and includes a quiz, a scavenger hunt and former catalog images.

Ollie’s raises outlook, plans to open 45 new stores in 2023

The closeout-oriented retailer said it may expand its mix of directly sourced merchandise as its store footprint grows. 

The running list of major retail deals

In May alone, Tempur Sealy acquired Mattress Firm, Francesca’s acquired Richer Poorer and Birchbox found a new home.

Updated June 16, 2023

PayPal revamps SMB approach

The digital payments pioneer told investors that it’s counting on a revised small and mid-sized business strategy to drive higher profit margins.

Skims opens first European pop-up shop

The Kim Kardashian-founded brand plans to open stand-alone stores across the region within three years.

Macy’s doubles down on inventory discipline as demand falters

Inventories at the department store retailer were down 7% as it keeps its budget open to buy in-demand product.

Derek Jeter invests in Meati Foods

The Baseball Hall of Famer will also serve as an adviser to the mycelium meat alternative maker, which is working to expand its products to stores nationwide.

ICSC: 85% of Gen Z says social media impacts purchase decisions

Though research suggests this generation is spending more, economic instability is taking its toll, the trade association found.

Inside Google’s plans for improving paid search with generative AI

More efficient ways to produce and edit assets and ensure responses are relevant to consumers were a focus of this year’s Google Marketing Live.

Nike will return to DSW stores, website this fall

The news comes just a week after Macy’s CEO Jeff Gennette announced the athletics brand would return to key locations in October.

Wawa and 7-Eleven recently split their president and CEO roles. Here’s why that’s significant.

The move is becoming increasingly common among large, complex companies and those growing rapidly, according to an expert on corporate leadership.

Timberland taps longtime Nike veteran as chief merchandising officer

The brand said that the hire of Archie McEachern for the newly created role completes its global product reorganization.

Macy’s remains committed to tech investments after sluggish quarter

The company plans to invest up to $3 billion over the next three years, with a focus on digital projects.

Rent the Runway touts subscriber growth but faces challenges

Leaders pointed to 7.6% active subscriber growth in a Q1 earnings call, but cautioned a slowdown next quarter.

DTC candle brand Otherland acquired by Curio

The luxury candle company joins Curio Brands' portfolio, which includes fragrance lines Capri Blue and Thymes.