The Weekly Closeout: Walmart settles $5.6M lawsuit, Target drops Halloween assortment

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It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about. 

From consumers’ planned spending cuts to Manscaped’s launch at Canadian Tire, here’s our closeout for the week.

What you may have missed

Consumers eye spending cuts

As of the end of July, 51% of the population is planning to cut spending because of weakening economic conditions, according to a Thursday note from TD Cowen. Those who make less than $50,000 and younger consumers, ages 18 to 34, are expected to pull even back more. 

Of those who will pull back across discretionary and staples, nearly 60% will cut their spending on clothing and 31% will cut footwear purchases. 

Additionally, nearly 90% of those who eye cuts have high intentions to closely monitor price increases on clothing accessories, which “highlights unpredictability of elasticities and mitigation efforts across the sector,” per the analysts. 

Manscaped launches at Canadian Tire

Expanding its North American presence, personal grooming brand Manscaped on Tuesday announced it would sell in 500 Canadian Tire stores and on the retailer’s website.

“When it comes to personal care, many consumers discover and purchase new products during their everyday shopping trips, which is why it’s so important for Manscaped to be available where they already shop,” Catherine Cronin, vice president of Retail at Manscaped, said in a statement.

Spanx introduces new shapewear collections

The Spanxsupersculpt Transform collection.

mage courtesy of Spanx

 

In celebration of National Shapewear Day, Spanx debuted two collections to its assortment. The company introduced its Spanxsupersculpt Transform and Spanxsupersmooth Sheersense to its line.

“While Spanx has evolved and expanded over the past 25 years, continuing to deliver innovation and integrating it into new categories like apparel and active, the legacy of our shapewear roots is at the heart of everything we do,” Chief Design Officer Pascale Gueracague said in a statement.

Spanxsupersculpt is designed with bonded panels and flexible boning, while Spanxsupersmooth is the brand’s lightest collection. 

Retail therapy

Time to get spooky 

While it’s still sweltering in much of the country, retailers are readying fall goodies for the upcoming spooky season.

Image courtesy of Target

 

Target this week announced it added more than 1,500 festive products to its website, including costumes, decor and treats.

“We know millions of families love Halloween and don’t want to wait until October to shop, so Target is ready with over 1,500 new items so you can start preparing right now,” Rick Gomez, chief commercial officer at Target, said in a statement.

The mass merchant said most items are under $25, with some as low as $1.

Happy haunting, everyone.

Pumpkin spice is so back

Adding to the early fall vibes, brands are starting to bring back their seasonal pumpkin spice products. We’ve seen the usual suspects using pumpkin spice — from lattes to baked goods — but one company is trying to attract fall lovers with a new take on the flavor.

Laughing Cow this week announced it is launching its latest limited-edition flavor: Pumpkin Spice. The flavor — which is available now through November — features cinnamon and pumpkin blended into the brand’s signature cheese wedges.

Image courtesy of Bel Brands USA

 

“This limited-edition variety delivers all the cozy, craveable notes of the season, combined with our signature creamy texture. It’s a fun, flavorful twist that will instantly elevate any snack or spread all season long,” Jessica Dillon, senior brand director of The Laughing Cow, said in a statement.

To entice consumers to try out the product, Laughing Cow included a number of recipes in its announcement, including Autumn Delight Crostinis, Pumpkin Spice S’Mores Bites and Pumpkin Spice Cheesecake Dip.

What we’re still thinking about

$42

That’s how much Ulta is charging per guest for birthday parties at its stores. The parties are 75 to 90 minutes long, can host between four to 12 people and include tutorials, guided sessions and games. For $13 and up per person, a birthday party can add stylist services to their group, including hair tinsel or accent braids. Guests can book the parties through their Ulta Beauty account.

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