Retail: Page 17
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How Bed Bath & Beyond lost its suppliers’ trust — and doomed itself
In the years leading up to bankruptcy, the retailer alienated major vendors by betting on private labels, and when that didn’t work, stock buybacks.
By Ben Unglesbee • April 26, 2023 -
Bankrupt Bed Bath & Beyond looks to pay up to $17M to vendors
The retailer still needs the support of its suppliers and logistics providers even as it winds down its business.
By Ben Unglesbee • April 25, 2023 -
P&G expects $2.2B hit from supply costs in 2023
To combat inflation in inputs, the consumer goods giant is raising prices while taking steps to digitize and analyze its supply chain.
By Ben Unglesbee • April 24, 2023 -
Amazon targets counterfeits with new information-sharing exchange
The e-commerce giant said the program has already detected hundreds of problematic accounts.
By Ben Unglesbee • April 24, 2023 -
Ikea invests $2.2B to fuel US growth
The investment, which is the retailer’s largest in the past four decades, will be used to open locations and strengthen its fulfillment network.
By Caroline Jansen • April 24, 2023 -
On-demand delivery provider Frayt eyes large-scale shippers with $7M funding round
The company has already made progress in securing big-name customers like Bridgestone, Sherwin-Williams and Cargill.
By Max Garland • April 21, 2023 -
Lawmakers scrutinize potential loopholes in forced labor law
Congressional members want more information on enforcement following reports that shippers are skirting the Uyghur Forced Labor Prevention Act.
By Ben Unglesbee • April 20, 2023 -
David’s Bridal owes $27.5M to vendors as it navigates bankruptcy
The wedding apparel retailer is millions in debt to the joint venture that procures the bulk of its merchandise outside North America.
By Ben Unglesbee • April 20, 2023 -
NFI acquisition expands warehouse, distribution space
The deal will expand the company’s footprint in Canada and its reach into the retail sector.
By Larry Avila • April 19, 2023 -
Purchasing practices are still harming apparel suppliers in Bangladesh: report
With little leverage, manufacturers and workers in supply chains are still struggling as large fashion brands push for ultra-favorable terms, according to a new paper.
By Ben Unglesbee • April 19, 2023 -
Rent the Runway saves through delivery, return consolidation
The apparel rental company's use of "live swaps" comes as it works to mitigate the impact of carrier price hikes.
By Max Garland • April 18, 2023 -
Levi’s gets a grip on inventory as denim rebounds
Promotions helped ease a surplus struggle for the clothing company.
By Daphne Howland • April 13, 2023 -
Column
Patent pending: Amazon pitches ‘collective’ drones, Walmart eyes dynamic shipping speed display
Multiple drones could link together to form configurations ranging from a flying V to a large cube, an application from the online retail giant proposes.
By Max Garland • April 10, 2023 -
With suppliers still wary, Bed Bath & Beyond banks on $120M consignment deal
One analyst calls it “way too late and beyond a desperate move.”
By Ben Unglesbee • April 6, 2023 -
How retail’s inventory reset in 2022 panned out
Throughout the earnings season many retailers reported increases in stock levels for the holiday season and full year. But not all overstocks are equal.
By Ben Unglesbee • April 6, 2023 -
Wellmeier, Ed. (2021). [Photograph]. Retrieved from Flickr.
Quiet Platforms head departs as American Eagle’s logistics arm struggles
The retailer said that while "Quiet’s third party business has grown nicely, it has not achieved the plans we envisioned."
By Alejandra Carranza • April 5, 2023 -
Chewy to close 2 fulfillment centers as it ramps up automation push
The closures will allow the pet goods retailer to flow more order volume through its newer, automated facilities, its CEO said.
By Max Garland • March 31, 2023 -
How Serta Simmons Bedding is optimizing manufacturing efficiency
The retailer will implement digital supply chain software to improve forecast accuracy and lower costs.
By Kelly Stroh • March 30, 2023 -
Blue Nile to lay off 119 workers, close Seattle fulfillment center
The company will centralize services in New York City, where some employees could also relocate.
By Dani James • March 30, 2023 -
At Home cuts prices as supply chain costs ease
The retailer raised prices last year when expenses grew by $300 million.
By Tatiana Walk-Morris • March 27, 2023 -
Foot Locker builds out inventory visibility as it chases digital-savvy peers
The retailer is raising capital spending by 50% as it aims to sync stock across its stores by 2024.
By Ben Unglesbee • March 24, 2023 -
Skechers CFO expects lower 2023 shipping pricing
The footwear brand is also prioritizing inventory management after seeing $90 million in excess warehousing and distribution costs.
By Suman Bhattacharyya • March 23, 2023 -
Walmart’s Spark Driver platform ramps up delivery coverage
The crowdsourced delivery provider now serves 15,000 pickup points and can reach 84% of U.S. households.
By Max Garland • March 23, 2023 -
Amazon launches 2-hour delivery from select Rite Aid stores
The service is available for Prime members living within the greater Newark, New Jersey and Burbank, California areas.
By Max Garland • March 22, 2023 -
Gap Inc. lightens inventory load after a year of painful discounting
The apparel seller brought its stock levels down 21% as it prepares to bring supply in line with demand.
By Ben Unglesbee • March 21, 2023