President Donald Trump said his administration has begun a “tariff investigation” into furniture imports, with plans to levy duties on such goods in the next 50 days. https://t.co/crx9vraUvL
A vast majority of Foot Locker’s shareholders on Friday voted to approve its merger with Dick’s Sporting Goods, which is expected to close in the second half of the year. https://t.co/eXLHHI70HG
Bed Bath & Beyond will accept old #coupons at its new store. The Brand House Collective, legacy coupons will be accepted at a new #BedBathBeyond store in Tennessee next month.
https://t.co/RRTPruWGnu
Target will open 8 new stores this summer. The mass retailer, which is undergoing a turnaround effort, will unveil three locations that exceed its standard 125,000 square feet. #Target
https://t.co/2GIYI2sq44
Ulta Beauty is breaking into the UK with its Space NK acquisition. The deal adds 83 stores to its portfolio and gives the beauty powerhouse a strong foothold in the U.K. market. #UltaBeauty
https://t.co/Ml9ci4nZqs
John Antonini is leaving after more than 25 years at #SaksFifthAvenue and just a few months into a newly created position centered on store growth.
https://t.co/NzARNu2h7Q
Saks Global's $600M deal with bondholders includes $200M in new financing. As the holidays loom and past vendor payments come due, the package replaces a previous proposal for $350 million in new financing. #SaksGlobal
https://t.co/Rz85BWn1d5
Back-to-school shoppers are focusing on sales and #AI to search for deals. As tariffs drive up prices on some goods, consumers are looking for ways to make their budgets go further, according to PwC. #backtoschool2025 https://t.co/V4zvIB4Cta
Ulta Beauty's CFO Paula Oyibo exits. Chris Lialios will take over in the interim as the retailer searches for a replacement. No reason was given for the departure. #UltaBeauty
https://t.co/fv9d6ncNep
Kirkland’s is tightening its ties to #BedBathBeyond, rebrands as ‘Brand House Collective’. The company, which also reported Q1 sales and profit declines, said #Kirklands stores will turn into Bed Bath & Beyond Home locations.
https://t.co/V6YByA0RJP
Is the US undermining ‘Made in America’ apparel manufacturing? When it comes to reshoring garment manufacturing, the Trump administration’s tariffs are at odds with its #immigration crackdown.
https://t.co/TWcMiqYJtZ
Here's how #Nike CEO Elliott Hill is building out his turnaround team. Eight months in, Hill has changed leadership structures and brought in new hires. At the same time, several long-time executives have retired.
https://t.co/YABj00oWFb
Designer Brands pulled its guidance but is ‘cautiously optimistic’ about back to school, holiday. #Tariffs have scrambled supply and demand more than anticipated. But its confusing value proposition isn’t helping, one analyst says. #DesignerBrands
https://t.co/uhT0zNSvko
In May alone, Dick’s bought #FootLocker, #Levis sold #Dockers, E.l.f Beauty snapped up #Rhode and #Skechers went private. Here are the running list of major retail deals.
https://t.co/MevCiJW6UD
This week on our closeout: #Nike appoints innovation chief and retailers face cyberattacks. The athletics retailer filled in the role behind John Hoke, while #VictoriasSecret, #Adidas and #TheNorthFace have recently reported security breaches.
https://t.co/Cb7Q53cYDJ
Shoe Carnival's CEO said that its Shoe Station is the ‘future of our store base.’ The company announced that its Shoe Station banner will represent over 80% of its store fleet by 2027.
https://t.co/7kG47JphNS
Joann’s future remains a mystery as Michaels snaps up its IP and private labels. The move comes amid growing interest in fabrics and sewing at #Michaels, but it’s not clear what it means for the #Joann brand. #CraftStores
https://t.co/HObBSz9jGb
Peloton is launching a peer-to-peer #resale platform. The exercise company launched a beta version of #Peloton Repowered in select metro areas, offering special discounts to buyers and sellers.
https://t.co/cGdTwc3w1r
Wealthier consumers are flocking to #DollarTree during Q1. The discounter, which is better positioned against rival #DollarGeneral without its #FamilyDollar unit, is expanding a multiprice strategy to more stores.
https://t.co/GUnTrwZXg8