This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Under Armour plans to overhaul its wholesale partnerships, exiting between 2,000 and 3,000 stores in North America, according to company executives on a recent earnings call. The brand expects to be in approximately 10,000 stores by the end of 2022 as it shifts its toward direct-to-consumer (DTC) channels. “I ”
BJ’s Wholesale Club has entered a partnership with Simbe to roll out the solution provider’s automated business intelligence robot, Tally, to all 237 stores. The retailer plans to utilize the AI-powered solution to provide greater visibility into club conditions and drive deeper business insights.
Prior to that Natori was a 100% wholesale business, selling into retailers such as Saks , Neiman Marcus , Nordstrom and Bloomingdale’s , but the company’s willingness to innovate has served it well, particularly throughout the COVID pandemic. Introducing DTC Without Damaging Wholesale. And earn his stripes he has.
As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. This acquisition marks the final chapter in the retailer’s wholesale transformation, which began in 2020.
Trung Nguyen first made its international debut in China in 2022 with a store in Shanghai and then expanded into Beijing and Chongqing. It opened its first US store last year, in partnership with US-based franchisee H&L Wholesale Food Corporation.
AAP appears to be moving toward a footprint with fewer stores overall but with additional larger stores, such as the 45,000-square-foot “super hub” location it opened in Los Angeles in June 2022. AAP recently completed the sale of Worldpac , a wholesale distributor of auto parts, for approximately $1.5
The suit also accused the retailer of engaging in a secret and misguided campaign, together with C&S Wholesale Grocers , the divestiture buyer, to purse its own regulatory strategy, which ultimately undermined Krogers efforts, according to a Kroger company statement. The merger had originally been announced in October 2022.
The selections will include items from multiple apparel types across the men’s, women’s and kids categories, and marks the return of Nike to wholesale after it began slashing third-party offerings in late 2021. The return of Nike in Q4 2023 could help improve revenue for Designer Brands, which saw a sales decline of 10.7%
Vaccarella is no stranger to retail — Bogg has wholesale partnerships with Dick’s Sporting Goods and Bass Pro Shops , among others — and she has mastered a model in which the brand develops exclusive designs tailored to each partner’s shopper base. We started doing trade shows and focused on wholesale.
Photo credit: Calpak From Pop-Up to Permanent Calpak initially realized the power of retail when it started forging partnerships with Nordstrom and other wholesale partners, according to Shin. We really underestimated the potential of the pop-up experience for our customers.”
But after a lackluster IPO in 2020 , the company retreated from the public market just two years later when it was acquired by private equity firm Durational Capital Management in 2022. RTP: Casper has its roots in DTC, but you’ve since expanded with your own stores and through wholesale. How do you view those channels?
At its June 1, 2022 Investor Day, Levi Strauss and Co executives laid out an aggressive strategy to propel the company toward revenues of $9 to $10 billion by 2027, by doubling down on DTC and diversifying beyond denim. “We The company reaffirmed its expectations for fiscal 2022, with revenues expected to reach $6.4 billion this year.
Unlocking key partners Leo Lin first entered the US market in 2022, launching into 15 Neiman Marcus boutiques before adding Moda Operandi in 2023 and Bloomingdales in 2024 to its roster of esteemed American retailers. We’ve recently signed with MyTheresa for later on this year, which is a huge get, Good revealed.
BJ’s Wholesale made the most dramatic moves up the rankings over the last three years, climbing from 27th place to 10th place in 2022. In fact, club stores are gaining momentum across the board, with three of the top 10 spots now occupied by these retailers: Costco (#2), Sam’s Club (#5) and BJ’s Wholesale (#10).
OTB, parent of Diesel, Jil Sander, Maison Margiela, has reported lower sales for the last fiscal year as a decline in wholesale more than offset growth in the direct-to-consumer (DTC) channel. Meanwhile, the wholesale channel experienced a slump due to the general downturn. The groups net sales for the year ended December 31 were 1.7
retailers in 2022, $816 billion , or 16.5% , was returned. At-home return pickup offerings are relatively rare, although beginning in October 2022, Walmart+ members could schedule home pickups of items they wanted to return. Returns represent a major challenge to the retail and logistics industries: NRF statistics show that of the $4.86
28, 2022, led by 15% growth in sales across the company’s owned digital and physical operations, referred to as Nike DIRECT. The brand’s overall digital sales also increased 19% globally, while wholesale revenues were down by 1%. A big piece of Nike’s direct offensive has been a shift away from wholesale and toward DTC.
The annual ranking is compiled by global marketing consultancy Kantar and is determined by comparing year-over-year increases in domestic sales (in the case of the 2023 list, this means 2021 versus 2022). While some of the retailers on the list demonstrated remarkable growth, overall growth was markedly lower than in 2022. 21) and H.E.
Farfetch and Reebok have commercially launched their European partnership, which follows a deal announced by Reebok parent company Authentic Brands Group in 2022. Following its acquisition of Reebok from Adidas in 2022, Authentic tapped Farfetch subsidiary New Guards Group (NGG) as its operating partner for the Reebok brand in Europe.
Kroger and Albertsons will sell 413 stores across 17 states and the District of Columbia, along with eight distribution centers, two offices and five private label brands, to C&S Wholesale Grocers for approximately $1.9 billion during the same period in 2022. compared to Q2 2022. billion in cash. The retailer generated $33.9
billion merger, first announced in October 2022 , has been challenged by Colorado’s and eight other state Attorneys General, the United Food and Commercial Workers union as well as the Federal Trade Commission, which voted to block the merger in February 2024. 12 hearing and setting a trial date of Sept. The proposed $24.6
The DTC brand, which launched in fall 2022, is now available at Petco , Healthy Spot , PetSmart , Kohl’s and Faire , with more retail partners coming later this year. The brand was created in partnership with Little Earth Productions and is already available on Amazon , Pet Supplies Plus and Wholesale Pet.
Additionally, BJ’s Wholesale Club and Stop & Shop have deployed robots in stores to improve on-shelf availability and inventory accuracy. Walmart purchased robotics company Alert Innovation in October 2022. Robots have been used in fulfillment centers by a number of brands, including Amazon.
The retailer also will invite brand partners to join The Folklore Connect, which provides software for diverse and sustainable brands to manage and scale their wholesale businesses and serves as a marketplace for retailers to buy from historically marginalized brands.
Additionally, Dunn Tire’s investors will retain independent ownership of Exxpress Tire Delivery , a wholesale business operating five distribution centers serving thousands of accounts in New York, Pennsylvania, Ohio and West Virginia.
He also led the expansion of apparel wholesaler Bella+Canvas into the retail space, offering customers direct access to product both online and in stores. Prior to that, Blakeslee held several senior position at Broder Brothers (now Alphabroder), a wholesale distributor of branded products and services. in a statement. in a statement.
In-store robots performing a variety of functions have been deployed with increasing frequency in recent years: In January 2022 Sam’s Club added inventory management functions to its fleet of nearly 600 robotic floor scrubbers from Brain Corp and Tennant Company chainwide; In March 2023 BJs Wholesale Club partnered with Simbe to roll out the Tally (..)
In September 2022, the company announced a restructuring that included laying off nearly one-quarter of its corporate staff following another round of declines in subscribers in fiscal Q2 2022, which ended July 31, 2022. million in Q3 2022. Revenue for the quarter was up 31% YoY, from $59 million in Q3 2021 to $77.4
Netflix has operated multiple pop-up stores around the world, including a multi-title location in Los Angeles that operated during the 2022 holiday season and a Manhattan location tied to the Bridgerton series. Netflix has not made final decisions on the stores’ locations or exactly what features they will offer.
Metcash chief executive Jeff Adams will retire early next year, and will be replaced by Doug Jones, current CEO and senior vice president of South African-based Massmart Wholesale. Jones will join Metcash on February 1, 2022, and will work with Adams on facilitating a smooth transition.
billion in Q2 2022 due to double-digit sales growth in all regions. Success for the brand’s own retail operations may be leading Ralph Lauren to shift some of its attention away from its wholesale business. Revenue grew 26% to $1.5
have voted to join the Teamsters Local 822, with the union calling this its first organizing victory at the wholesale retailer in two decades. Costco workers in Norfolk, Va. The 238 -worker group will join more than 18,000 Teamsters at Costco nationwide.
When planning their strategy for growth, DTC brands can choose to: Increase distribution channels through avenues such as wholesale partnerships ; Expand their product assortments ; Use additional marketing channels ; and Build a community of like-minded consumers. DTC Brands Can Leverage the Power of Strategic Wholesale Partnerships.
3, 2022 and will be introduced in stores in December. During summer 2022, the retailer produced a Nordstrom Local pop-up shop in Southampton, N.Y. and in June 2022, the retailer hosted its first interiors Pop In@Nordstrom space with home goods brand Parachute. Concept 019: Burberry launched online on Nov.
BJ’s Wholesale Club selected DoorDash as its grocery delivery partner across 226 stores in March 2022. In September 2022, Sephora added a same-day delivery option for Beauty Insider members, charging $6.95 per order or an annual fee of $49.
billion merger of supermarket giants Kroger and Albertsons has faced pushback from federal regulators, state Attorneys General and labor unions practically from the moment it was first announced in October 2022. The planned $24.6 Top execs from both companies defended the merger in testimony to a U.S.
wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S. We’re grateful to be in a position to expand our retail presence and build new wholesale relationships in order to serve more customers.” This omnichannel expansion comes on the heels of a strong fiscal 2022, with the retailer reporting $1.8
The money raised will be used primarily to secure a new warehouse, venture into wholesale, scale marketing efforts, and introduce new products – including developing a ready-to-drink range. million last year, and online sales growth of 60 per cent yearly from 2019 to 2022. The company reported a revenue of $1.3
Thai retail conglomerate Central Retail (CRC for short) has launched full-on into the wholesale business under the name Go Wholesale, and is planning to give CP Axtra — parent company of retailer Lotus’s and wholesaler Makro — a run for its money. It operates 164 wholesale units, of which all but 10 are in Thailand itself.
has filed a lawsuit against BJ’s Wholesale Club Holdings Inc. The suit was filed on March 22, 2022 by Sam’s West Inc., Walmart Inc. over its mobile Express Pay shopping app. Walmart Apollo, LLC against BJ’s in U.S.
Alibaba Group has reorganized its consumer and wholesale commerce divisions and named current Deputy CFO Toby Xu to succeed Maggie Wu as CFO in April 2022. The announcements mark the first major management shifts since Alibaba was fined a record-setting $2.75 billion for monopolistic practices earlier this year.
Earlier in December, the retailer reportedly reached out to its creditors seeking liquidity help , and in November 2022, the retailer hired Peter Smith as its new COO to spearhead a planned $30 million in annualized cost reductions beginning in fiscal 2023. During Q3 2022, Party City achieved net sales of $502.2 million , a 1.6%
Barbeques Galore has launched a B2B e-commerce site as it looks to grow its wholesale business both in Australia and overseas. trillion in 2022 and is projected to reach US$36.1 Currently, Barbeques Galore’s wholesale business includes 200 independent distributors in Australia and a growing number worldwide.
Darren Hamilton, Nisa’s wholesale category controller, said: “We are. This story continues at Nisa commits to entirely ethical eggs from 2022. The Co-op, which owns Nisa, already has all its own-brand eggs as free-range, so Nisa’s move will bring it in line with the Co-op’s sourcing policy.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content