1. Corporate Strategy

Macy’s to cut 3.5% of its workforce, close 5 mall anchors

Written by Posted on Less than 0 min read

The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.

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. Corporate Strategy

Stanley Brand president to lead Heydude

Terence Reilly, who ushered the more than a century-old brand to viral success, is rejoining Crocs Inc., where he previously served as chief marketing officer. View Original Article Editor's Choice 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 […]
< 1 min read
0
  1. Technology & Innovation

3 technology tips to help retailers triumph this holiday season

The 2022 holiday shopping season will be unlike any other. Here’s how tech can help retailers triumph. View Original Article Holiday & Events 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 […]
< 1 min read
0
  1. Uncategorized

Why ‘pay-by-bank’ faces adoption hurdles in US retail

Pay-by-bank has been catching on slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon. 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, website, and app cover […]
< 1 min read
0
  1. Department: HBC

Ipsy, BoxyCharm consolidate under one brand

The beauty subscription brands previously operated as separate businesses under parent company Beauty for All Industries.  View Original Article Dept. HBC 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

H&M slashes 1,500 jobs in cost-cutting effort

The fast-fashion retailer’s profits have been hit by rising prices and a strong dollar, and expense reductions could save some $190 million each year. 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. […]
< 1 min read
0
  1. Stores & Formats

Continuing its brick-and-mortar expansion, Mizzen+Main plans 3 stores this fall

​[[“value”:” Dive Brief The DTC men’s apparel brand is hoping to operate 10 locations by the end of the year with more slated to open in 2024. Published Oct. 9, 2023 By Howard Ruben The interior of a Mizzen+Main store. The brand will open two stores in Texas and one store in Arizona. Courtesy of […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

FedEx ramps up cost-cutting measures after earnings fall below expectations

Global volume declined in Q1, a trend the delivery giant expects to continue throughout the rest of its fiscal year. View Original Article Results & Investment Delivery 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. Corporate Finance

The Weekly Closeout: Wilson opens on the West Coast and Revlon emerges from bankruptcy

Wilson Sporting Goods opened its latest location in Santa Monica while Revlon is now owned by its former lenders.  View Original Article Store Location Bankruptcy Holiday & Events Dept. Nonfood Dept. Sporting goods RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Chewy leverages automated fulfillment to lower shipping costs

Automated facilities have lowered expenses by as much as 20% compared to the retailer’s legacy network. View Original Article Delivery Operations & Supply Chain Chewy 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. Retail Ecosystem

ThredUp, chasing profitability, tests consignment fees

The resale site reports softer sales in a promotional apparel environment but expects to break even later this year. View Original Article Sustainability Dept. Apparel Recommerce 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. Department: HBC

CosRx acquired after Amorepacific takes controlling stake

​[[“value”:” The beauty brand will be integrated as a subsidiary of Amorepacific, which also houses brands like Laneige, Sulwhasoo and Innisfree. Published Nov. 2, 2023 Various products from CosRx’s “The RX” line. Amorepacific aims to accelerate its global expansion through collaborations with CosRx. Courtesy of CosRx “]]  View Original Article Dept. HBC RetailDive Member since November […]
< 1 min read
0
  1. Operations & Supply Chain

Nike touts ‘tremendous progress’ on inventory as sales grow 14%

Dive Brief: Unlike competitor Adidas, which posted a sales decline and a dismal annual guidance in its most recent earnings report, Nike on Tuesday posted 14% revenue growth, leading sales in the quarter up to $12.4 billion. DTC sales grew 17%, helped by a 20% increase in Nike’s digital sales, while wholesale grew 12%. Wholesale growth will slow […]
2 min read
0
  1. Department: Consumer Durables

David’s Bridal adds ‘hundreds’ of bridesmaid dresses under $100

With three new pricing tiers, the retailer is aiming to offer a broader selection of affordable dresses for price-conscious shoppers. View Original Article Shoppers 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 […]
< 1 min read
0
  1. Channel: Dollar/Value

Dollar General’s sales up 11%, but costs are still tempering profits

Earnings at the discounter missed estimates, and the company lowered its guidance for the year as supply chain costs and sales mix weigh on margins.  View Original Article Dollar General Operations & Supply Chain Results & Investment RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into […]
< 1 min read
0
  1. Operations & Supply Chain

Supply chain exec joins Tupperware as company pursues turnaround

Jim Van Ingen will lead the company’s manufacturing, procurement and distribution teams to reduce costs. View Original Article Executives Operations & Supply Chain 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

With Series A investment, Iris&Romeo to enter Sephora

​[[“value”:”The clean beauty brand received an investment from True Beauty Ventures, whose portfolio also includes BeautyStat, Caliray, Vacation and Dieux.”]]  View Original Article Dept. HBC Results & Investment Start Ups 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. Associates & Employees

SKU’d: Retailers, don’t be goblins when you fire people

Layoffs aren’t easy, but some companies are making big mistakes in communicating corporate changes to staff.  View Original Article Associates 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. Corporate Strategy

Simon Property Group sells off Eddie Bauer interest as its retail investments tumble

Many of the REIT’s retailers and brands are profitable, and even J.C. Penney is thriving, but Forever 21 had a tough 2022, CEO David Simon said. 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. […]
< 1 min read
0
  1. Trends & External Forces

Olaplex calls 2023 ‘a reset year’ as it braces for 41% sales hit in Q1

The DTC company, which is facing a lawsuit that alleges problems with its products, expects net sales to fall 15% for the year.  View Original Article Legal & Criminal 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. Channel: Home Improvement

The Weekly Closeout: Peloton’s chief people officer to exit and Home Depot launches jobseeker marketplace

The at-home fitness brand recently saw other executives depart, and the home improvement store looks to connect with pros. View Original Article Executives Health & Wellness Home Depot 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
Next