1. Stores & Formats

How Lovesac went from selling bean bags to nearing $500M in sales

Written by Posted on Less than 0 min read

Founder Shawn Nelson discusses how the company shifted sales from stores to online all while operating profitably.

View Original Article
Member since
Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics such as the future of brick-and-mortar, retail technology, e-commerce, marketing, payment technology, in-store operations, omnichannel shopper journey, and more. Retail Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 7+ million decision makers in the most competitive industries. https://www.retaildive.com/
Do you like RetailDive's articles? Follow on social!

More from RetailDive

  1. Shopper & Customer

Consumers could return $82.1B worth of holiday merchandise, survey finds

​[[“value”:” Dive Brief To address the rising cost of returns, 44% of retailers have increased return or restocking fees, according to CBRE and Optoro. Published Dec. 29, 2023 By Tatiana Walk-Morris A person in a blue shirt holding a package. Optoro estimates that the cost of returns has spiked by 50%, or $149 billion, compared to […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Wayfair plans consolidated delivery option to lower costs

Consumers receiving multiple items at the same time can boost efficiency and attract more sales, the company’s CEO said. View Original Article Consumers Delivery Executives RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, […]
< 1 min read
0
  1. Channel: Dollar/Value

Dollar General adds 436 stores, Dollar Tree cuts prices as discounters vie for shoppers

The sector has an opportunity to win over new customers as inflation squeezes household budgets.  View Original Article Brick and Mortar Dept. Nonfood Dollar General Dollar Tree Economy Shoppers RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. […]
< 1 min read
0
  1. Department: Consumer Durables

Foot Locker, NBA sign multiyear marketing deal

​[[“value”:”The footwear retailer, which has seen sales fall for three consecutive quarters, will become an official league marketing partner in the U.S.”]]  View Original Article Partnerships Dept. Apparel RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The […]
< 1 min read
0
  1. Technology & Innovation

3 ways to use AI to drive significant ecommerce profits

Can AI and machine learning boost sales and margins? The answer is absolutely “yes.” Find out how. View Original Article AI Technology & Innovation RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, […]
< 1 min read
0
  1. Associates & Employees

Away lays off 25% of internal staff

The DTC luggage brand is undergoing a reorganization that also includes “the elimination of a traditional executive team structure.” View Original Article Associates Executives RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, […]
< 1 min read
0
  1. Holiday & Events

Toy retailers turn to discounts to drive holiday sales, clear inventory

Themed Lego sets and movie-related action figures are selling well, while board games and Nerf products are down, according to Jefferies analysts. View Original Article Dept. Nonfood Dept. Toys & Games Holiday & Events Marketing: Trade Operations & Supply Chain Pricing & Promotions RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides […]
< 1 min read
0
  1. Uncategorized

The Backroom: Why it’s so hard for retailers to do the right thing

Businesses face new ethical questions and must act with more transparency in what corporate integrity expert Alison Taylor calls a turbulent world. View Original Article RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, […]
< 1 min read
0
  1. Corporate Strategy

Snap’s chief marketing officer is moving to Levi’s

Kenny Mitchell, whose marketing resume also includes stints at McDonald’s and Gatorade, will report to CEO-designate Michelle Gass. View Original Article Executives PepsiCo RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and […]
< 1 min read
0
  1. Channel: Dollar/Value

Dollar General set to open nearly 1K new stores despite profit, margin declines

​The discounter is grappling with bloated inventories, which analysts say are contributing to shrink and impeding store operations.  View Original Article Dollar General Operations & Supply Chain Brick and Mortar RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping […]
< 1 min read
0
  1. Corporate Strategy

Grove Collaborative CEO talks new subscription model, winning over ‘dark green customers’

Eight months into his tenure, Jeff Yurcisin is shaking things up at the sustainable products company. View Original Article Executives Sustainability RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover […]
< 1 min read
0
  1. Corporate Strategy

Yeti names permanent CFO

Mike McMullen, who has held the position on an interim basis since October, will focus on driving growth at the outdoor products company. View Original Article Executives RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email […]
< 1 min read
0
  1. Trends & External Forces

Target to add 1K wellness products to offering

The retailer is introducing hundreds of exclusive items and has also launched an online wellness destination. View Original Article Target Health & Wellness RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and […]
< 1 min read
0
  1. Channel: Dollar/Value

Big Lots reports furniture shortages after largest supplier abruptly closes

The shutdown of vendor United Furniture Industries pressured the discount retailer’s e-commerce sales. View Original Article Big Lots RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics such as the […]
< 1 min read
0
  1. Merchandising

Kohl’s lays off 60 at corporate headquarters

Many of the affected employees worked in the marketing or merchandising departments, a company spokesperson confirmed. View Original Article Associates Merchandising RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics […]
< 1 min read
0
  1. Department: Consumer Durables

The Weekly Closeout: Disney turns to villains for bridal inspiration, Abercrombie & Fitch Co. cuts a role

The company looked to Ursula and Maleficent for a collection with Allure Bridals, while the specialty retailer eliminated its global brands president position. View Original Article Dept. Apparel RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily […]
< 1 min read
0
  1. Technology & Innovation

Levi’s opens shop-in-shop in Hudson’s Bay

The brand’s 6,600-square-foot shop features tech-enabled fitting rooms and tailoring services. View Original Article Technology & Innovation RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics such as the future […]
< 1 min read
0
  1. Department: Consumer Durables

Express plans layoffs, reverse stock split

​[[“value”:”The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.”]]  View Original Article Dept. Apparel RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and […]
< 1 min read
0
  1. Corporate Finance

Casper refinances debt with new $80M credit facility

The funds will be used to retire another loan, as well as to support the capital needs of the business. View Original Article Results & Investment RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email […]
< 1 min read
0
  1. Associates & Employees

REI vows to fight union allegations, puncturing its progressive reputation

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. Dive Brief: REI workers affiliated with the United Food and Commercial Workers International Union and the Retail, Wholesale and Department Store Union this week filed 80 unfair labor practice charges against the outdoor retailer. Workers from all eight unionized REI locations filed […]
3 min read
0
Next