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The Home Depot's Skelly gets an upgrade
2+ hour, 35+ min ago (262+ words) New features for the viral product include the ability to record modulating voice lines via an app, as the retailer drops its "Halfway to Halloween" collection. The Home Depot is bringing back Skelly as skeletons have become more popular decor…...
Andy Jassy defends Amazon's $200 B AI investment in letter to shareholders
2+ hour, 55+ min ago (470+ words) The e-commerce giant's CEO noted the dominance of brick-and-mortar retail despite decades of disruption, but sees that as a massive opportunity. In his annual letter to shareholders, made public Thursday, Amazon CEO Andy Jassy touted the virtues of following "squiggly…...
Mattel chief commercial officer to exit
1+ day, 3+ hour ago (319+ words) Steve Totzke will stay with the company through the end of the year in an advisory role. Meanwhile, Sanjay Luthra has been appointed to his position. After a nearly 30-year combined run with Mattel, Totzke is exiting the toy company…...
Surprise wholesale strength lifts Levi's in Q1
1+ day, 2+ hour ago (505+ words) Sales and margins beat expectations, thanks to growth across channels " and the ongoing popularity of denim worldwide. Levi's renewed strength in wholesale in Q1 showed up here and in Europe, a pleasant surprise to both executives and analysts after a string…...
Foot Locker partners with Door Dash for on-demand delivery
1+ day, 3+ hour ago (293+ words) The deal is among the latest between a retailer and the delivery platform, which says over a third of its active monthly users shop retail and grocery categories. Foot Locker's partnership with Door Dash marks a strategic move by the…...
Bed Bath & Beyond to acquire Cabinets To Go, Lumber Liquidators owner
1+ day, 2+ hour ago (229+ words) The retailer intends to purchase most of F9 Brands" assets for about $150 million, which would help it develop a home services and improvement portfolio. The F9 Brands deal builds on Bed Bath & Beyond"s Thursday announcement'that it will acquire The Container Store…...
Walmart launches La Roche-Posay in stores
2+ day, 2+ hour ago (225+ words) Pharmacists at the big-box retailer will serve as specialized skin care advisers to customers through the partnership. Walmart is doubling down on its beauty push." Through its partnership with La Roche-Posay, Walmart aims to make advanced skin care more accessible…...
Staples appoints chief growth officer
2+ day, 3+ hour ago (232+ words) The office supply retailer promoted Chris Powers to the C-suite position as it aims to drive sustainable growth. Staples promoted Chris Powers to the chief growth officer position in March. The executive noted his excitement in a Linked In post…...
Olaplex to be acquired by Germany's Henkel for $1. 4 B
2+ day, 2+ hour ago (255+ words) Through the deal, Olaplex will be focused on "accelerating our product innovation, expanding our reach and continuing to deliver results," CEO Amanda Baldwin said. Olaplex's deal with Henkel will allow the hair care brand to continue to innovate through advanced…...
Kohl's spotlights Tek Gear private label at a tough time for activewear
2+ day, 3+ hour ago (350+ words) The struggling department store has tapped soccer star Carli Lloyd to help market what it says has been one of its best-performing owned brands. Kohl's has tapped soccer star Carli Lloyd to help market its Tek Gear activewear label. For…...
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