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Dollar General reinforces executive team from within and without
Goodlettsville, Tenn. – A slate of promotions and new hires at Dollar General ranges across merchandising, marketing and store operations. Natalie McConnell has joined DG as VP, division merchandising...
View ArticleConsumers combat cost-of-living increases with shifts in online spending
Brooklyn, N.Y.—The rising cost of living hasn’t gone unnoticed by the vast majority of Americans, with 90% saying they’ve experienced an increase in the past five years. How that is shaping their...
View ArticleSam’s Club rolling along with in-store AI-powered exit technology
Bentonville, Ark. — Whoelsale warehouse retailer Sam’s Club is reporting significant progress in its rollout of AI-powered exit tech at its stores. The retailer’s computer vision technology has been...
View ArticleCariloha turns to experienced sales executive to expand retail reach
Sandy, Utah – Sustainable luxury bedding brand Cariloha has named mattress industry veteran Kristin Sugar senior vice president of wholesale sales to help build the companies partnership with retailers...
View ArticleWhy products on Target’s 3rd-party marketplace may be heading to stores
Minneapolis – Target has struck an alliance to expand the brand assortment on Target Plus, the company’s invite-only, third-party online marketplace. Through a new partnership with Shopify, Target Plus...
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Target’s merchandising team is getting a new leader
Rick Gomez (Photo provided by Target) Minneapolis – Target Corporation has promoted an insider to chief commercial officer to oversee the company’s merchandising business. Rick Gomez – who is currently...
View ArticleAmazon Prime Day event in mid-July timed for back-to-school shoppers
Seattle — Amazon will be serving up deals to its Prime members in mid-July when Amazon Prime Day returns for the 10th time. This year’s event on July 16 and 17 is targeting the back-to-school and...
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JCPenney shoppers remained selective about spending in Q1
Plano, Texas – On the upside, the financial foundation remains solid. However, JCPenney’s first quarter loss deepened and sales posted another decline. Sales for the quarter ended May 4 fell nearly 9%...
View ArticleVeteran retail exec named new CEO of Pier 1, Stein Mart parent company
New York — Omni Retail Enterprises, operator of a portfolio of lifestyle digital storefronts and communities including Pier 1 Imports, Stein Mart and Linens-n-Things, announced that retail veteran...
View ArticleNow private, Joann jumps out with Gen Z-oriented campaign | Video
Hudson, Ohio – Joann is putting on a new guise as it launches a reimagined brand campaign across multiple media platforms. Looking to inspire the next generation of creators, the campaign plays off...
View ArticleBritish luxury furnishings retailer exiting U.S. business
Dallas — British luxury home furnishings brand Oka has ceased operations in the U.S., and its Oka USA subsidiary and certain of its affiliates filed for Chapter 7 protection in the U.S. Bankruptcy...
View ArticleWho are TikToker shoppers and where else do they spend their money?
Chicago — With the potential for a ban of TikTok on the horizon, brands and marketers are working to understand the audience for this platform and anticipate where they might go if the popular...
View ArticleKirkland’s reduces board size; names new chairperson
NASHVILLE, Tenn. — Kirkland’s Inc. has reshuffled its board of directors, re-electing Ann Joyce and appointing her as chair, while accepting the resignations of two board members who failed to receive...
View ArticleIkea parent invests in Fifth Avenue building as part of U.S. growth plan
Leiden, Netherlands — Ingka Investments, which is part of the largest Ikea retailer, Ingka Group, has invested in 570 Fifth Avenue in New York as part of a long-term strategy to enhance its city-center...
View ArticleFTC votes 5-0 to block $4B Tempur Sealy, Mattress Firm deal
Washington – Tempur Sealy International’s proposed $4 billion acquisition of Mattress Firm has hit a snag. The Federal Trade Commission voted unanimously to block the deal alleging that the merger...
View ArticleMacy’s buyout suitors hike their offering price
New York – Seven months after their first bid, Arkhouse Management and Brigade Capital Management remain ardent in their quest to acquire Macy’s Inc. and take it private. Yesterday, they jacked up...
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HBC to acquire U.S. luxury retail group
New York – HBC, the parent company of Hudson’s Bay and Saks Fifth Avenue, is adding to its retail portfolio with the acquisition of 2 leading U.S. luxury retailers. The company has entered into a...
View ArticleBig Lots warns of future woes in filing with SEC
Columbus, Ohio — In a 10-Q report filed with the Securities and Exchange Commission last month, Top 50 retailer Big Lots called into question its ability to continue under certain circumstances. In the...
View ArticleWest Elm collaborates with well-known chef for his first-ever home line
Brooklyn, N.Y.—Chef Marcus Samuelsson has teamed with West Elm for a 32-piece capsule collection that encompasses furniture, home décor and tabletop. The inspiration for his first home furnishings line...
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Drew Barrymore home collection expands into another category
Bentonville, Ark. – Beautiful by Drew Barrymore is moving into a new room of the house as part of the collection that is exclusive to Walmart. The new branded bath collection includes 6-piece bath sets...
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