Tuesday, November 30, 2021

Walmart CFO Brett Biggs to depart

 Supermarket News

Walmart Chief Financial Officer Brett Biggs plans to leave the company in 2023 to pursue other opportunities.. . . more

Biden meets with CEOs about supply chain issues; Walmart cites improvements


CEOs of Kroger, Best Buy, Etsy were among executives who met with President Biden at the White House on Monday to discuss the state of holiday supply chain challenges. . . . more

CGP: Black Friday sales hit record $34.9 billion, boosted by Thanksgiving closures


Black Friday reclaimed its relevance as the key retail milestone on the way to Christmas.. . . more

Black Friday store traffic up year-over-year; down from pre-pandemic levels


Traffic in retail stores rebounded from last year but remains down compared with 2019 as consumers started holiday shopping earlier in the season and also continued their shift to online.. . . more

Wednesday, November 24, 2021

Supply chain issues take big bite out of Gap; slashes full-year forecast

Gap Inc. delivered disappointing third-quarter results as COVID-related factory closures and ongoing port congestion led to “significant” product delays. . . . more

Nordstrom Q3 earnings fall amid labor costs, weak Rack sales

Nordstrom Inc.’s third-quarter earnings fell short of estimates due to higher labor costs and challenges in its off-price Rack division, whose sales fell from pre-pandemic levels. . . . more

Friday, November 19, 2021

Shoe Carnival Just Had Its Best Quarter Ever. Its Newly Minted CEO Explains Why.

Footwear News
It’s been a busy few months for Mark Worden. . . . more

Macy’s and Kohl’s are raising clothing prices to protect profits. Investors see that as a big win.

CNBC Business
A round of major retail earnings this week revealed a stark divide in the industry between the retailers that are trying to keep prices low for customers amid rising inflation, and those that are able to pass on costs to shoppers this holiday season. . . . more

Macy's to delay store closures, launch third-party marketplace next year

Retail Dive
Macy's is pausing its plan to close 125 stores, announced last year as part of its Polaris turnaround, telling analysts Thursday that physical locations have proven key to digital as well as brick-and-mortar sales. . . more

Nordstrom to expand in entirely new category via deal with Fanatics

Nordstrom is beefing up its online assortment by entering the licensed sports merchandise category for the first time in its history. . . . more

Thursday, November 18, 2021

Amazon 4-Star and Warby Parker to open at Cherry Hill Mall

Prominent online brands continue to expand to high-profile physical retail locations, the latest being Amazon 4-Star and Warby Parker signing leases at the super-regional Cherry Hill Mall in New Jersey. . . . more

Wednesday, November 17, 2021

Foot Locker merges Champs Sports and Eastbay brands

Retail Dive
Foot Locker is merging its Champs Sports and Eastbay brands after last year integrating the corporate organizations for both labels, according to a company release. . . . more

Friday, November 12, 2021

Thursday, November 11, 2021

The Children's Place launches tween brand Sugar & Jade

Retail Dive
In the midst of a tween clothing resurgence, The Children's Place on Tuesday announced the launch of Sugar & Jade, its new tween apparel, accessories and footwear brand, according to company information sent to Retail Dive. . . . more

Wednesday, November 3, 2021

Major mall-owner CBL exits Chapter 11

“This is a huge day for CBL,” said chief executive Stephen Lebovitz, whose company just emerged from Chapter 11 following a year of publicly questioning the fate of a public company owning 100-plus malls in 29 states. . . . more

Target to fill the empty JCP space at Brooklyn’s Kings Plaza

Most retail real estate developers would agree that losing a J.C. Penney anchor is bad, but that filling that space with a Target is a big win. That’s what’s happened at the million-plus-sq.-ft. Kings Plaza in Brooklyn and the leadership at owner Macerich is overjoyed. . . . more

Tuesday, November 2, 2021

Why are department stores a target for e-commerce spinoffs?

Retail Dive
Just when retailers thought their imperative was to combine their e-commerce and stores into one, smooth, silo-free operation, along comes Saks Fifth Avenue, attracting hundreds of millions of dollars from investors after splitting them apart. . . . more