Retail: Page 17
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TrusTrace develops garment tracking system in advance of EU regulations
The traceability platform's digital product tags aim to boost textile transparency and sustainability.
By Laurel Deppen • Sept. 13, 2023 -
Estée Lauder hires new procurement chief
The cosmetics giant tapped Quentin Roach to oversee its strategic supplier relationships and help drive innovation with its partners.
By Ben Unglesbee • Sept. 12, 2023 -
Investors call for Nike to pay $2.2M in owed wages to supply chain workers
Ahead of the sportswear giant’s annual meeting this week, investors are asking the company to avoid similar cases in the future.
By Laurel Deppen • Sept. 12, 2023 -
Dollar General braces for $95M profit hit as it clears inventory
While it works to reduce stock levels, the discounter is also investing in new planning tools to help manage flows at stores and distribution centers.
By Ben Unglesbee • Sept. 11, 2023 -
Walmart scaling fulfillment services for third-party sellers
At its first seller summit, the retailer also announced plans to open Walmart Marketplace to businesses in Chile.
By Tatiana Walk-Morris • Sept. 11, 2023 -
Target offers more details on its delivery strategy
The retailer opened its 10th sortation center and is testing larger vehicles for delivery.
By Catherine Douglas Moran • Sept. 8, 2023 -
Joann eyes $60M in product cost savings as suppliers offer concessions
The craft retailer thinks it can cut $200 million in business costs, the bulk of which comes from its supply chain as inflation eases.
By Ben Unglesbee • Sept. 7, 2023 -
"Outside of Crate and Barrel, Natick Mall" by Massachusetts Office Of Travel & Tourism is licensed under CC BY-ND 2.0
Crate and Barrel to ramp up supply chain investment
The retailer's “Bring it Home” plan seeks to improve inventory optimization, demand forecasting and delivery speeds.
By Max Garland • Sept. 6, 2023 -
Ulta Beauty nearly triples ship-from-store locations
The fulfillment method offers faster and more cost-effective deliveries to customers, CEO Dave Kimbell said.
By Max Garland • Sept. 5, 2023 -
Best Buy suppliers are picking up the tab on promotions
With electronics demand sluggish, vendors are funding price discounts more often to generate sales through the retailer.
By Ben Unglesbee • Aug. 31, 2023 -
Burlington drives down freight costs in Q2
The retailer renegotiated freight contracts and leveraged lower fuel rates to cut transportation costs.
By Alejandra Carranza • Aug. 31, 2023 -
Kohl’s cuts inventory by 14% as it prioritizes discipline
The retailer’s aggressive, ahead-of-schedule inventory reductions represented significant progress toward those goals.
By Ben Unglesbee • Aug. 29, 2023 -
Macy’s renegotiates carrier contracts for lower delivery costs
The department store retailer uses UPS and the U.S. Postal Service but did not specify which deals were adjusted.
By Max Garland • Aug. 29, 2023 -
Dollar Tree eyes distribution efficiency with temperature controls
The technology is expected to reduce cross-stocking expenses and increase flexibility, the retailer’s CEO said.
By Kelly Stroh • Aug. 29, 2023 -
Giant Food to close 3 e-commerce facilities
The grocery chain will shutter centers in Maryland, Virginia and Delaware as it shifts to a localized fulfillment model.
By Sam Silverstein • Aug. 29, 2023 -
Guess aims to shrink inventories by 10% this year
The apparel brand is cutting stock levels as its supply chain speeds up, and as new planning and allocating systems come online.
By Ben Unglesbee • Aug. 28, 2023 -
Walmart, Alphabet’s Wing team up for drone delivery in Texas
Two stores in the Dallas-Fort Worth area will offer the service for customers within a 6-mile radius by the end of the year.
By Max Garland • Aug. 24, 2023 -
Under Armour inventory up 38% as stock struggles roll on
The footwear and apparel brand is searching for a new chief supply chain officer as it tries to reposition its brand and keep inventories from piling up.
By Ben Unglesbee • Aug. 22, 2023 -
Macy’s inventory churn holds steady in Q2
The retailer has focused on merchandise management as it works to maintain margins amid reduced consumer spending.
By Ben Unglesbee • Aug. 22, 2023 -
Target’s operating profit leaps 273% after long battle against inventory
The spike follows last year’s painful stock clearing that “laid the groundwork for the recovery and profitability,” its CEO said.
By Ben Unglesbee • Aug. 21, 2023 -
TJX sees extra supply in the market for another 12 months
Along with others’ excess stock, the off-price retailer has found inventory opportunities amid the fall of Bed Bath & Beyond.
By Ben Unglesbee • Aug. 17, 2023 -
Delivery providers Pickup Now, Point Pickup merge to create ‘one-stop shop’
The combined company can grow by attracting mass merchandisers that sell a mix of different-sized items, an executive said.
By Max Garland • Aug. 9, 2023 -
Wayfair’s suppliers are ‘reverting to normal’: CEO
Stock levels for many home goods vendors have reached healthy levels after peaking last year, while new product introductions are at their highest in three years.
By Ben Unglesbee • Aug. 9, 2023 -
Stitch Fix closing Pennsylvania fulfillment center as it readies new warehouse strategy
The apparel retailer's founder said closing two U.S. facilities will better optimize its inventory.
By Max Garland • Aug. 7, 2023 -
Overstock attracts new suppliers with Bed Bath & Beyond rebrand
The retailer has increased its SKU count by 600,000 since it bought the chain’s intellectual property out of bankruptcy.
By Ben Unglesbee • Aug. 3, 2023