The decision aims to boost cash flow and reduce debt as it faces an opioid lawsuit from the Department of Justice.
If the economy remains healthy this year, Deloitte anticipates consumer spending will grow 3.1% year over year, according to its 2025 U.S. Retail Industry Outlook report shared with Retail Dive.
As a new year kicks off, the industry is up against challenges concerning tariffs, DEI policies and crime.
As part of the initiative, the retailer plans to open a distribution center in the spring and five Supercenters by 2027.
The move comes as higher-priced Ugg gains strength, notching $2.2 billion in net sales in the last fiscal year and $1.2 ...
The downsizing follows store closure plans and will mostly entail eliminating open roles, with layoffs impacting fewer than ...
Augmented reality lets users visualize furniture in their own home, while a Space Planner view allows shoppers to view and ...
The toy titan plans to introduce its first Mattel Brick Shop product in May and unveil new sets in coming years.
Chief Community Impact and Equity Officer Kiera Fernandez cited “the importance of staying in step with the evolving external ...
The company is testing the feature in a few stores to address a customer pain point that has come to the fore as retailers ...
The activewear brand is using scannable stickers at 150 locations to allow users to unlock digital wearables, a move intended ...
Bookshop.org on Tuesday launched a platform allowing consumers to purchase e-books from their local independent booksellers , ...