{"id":12949,"date":"2024-07-13T18:32:01","date_gmt":"2024-07-13T18:32:01","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-von-dutch-is-acquired-and-bath-body-works-partners-with-crocs\/"},"modified":"2024-07-13T18:32:01","modified_gmt":"2024-07-13T18:32:01","slug":"the-weekly-closeout-von-dutch-is-acquired-and-bath-body-works-partners-with-crocs","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-von-dutch-is-acquired-and-bath-body-works-partners-with-crocs\/","title":{"rendered":"The Weekly Closeout: Von Dutch is acquired and Bath &#038; Body Works partners with Crocs"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n            <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.retaildive.com\/static\/images\/audio_icon.svg?482016190122\" alt=\"\"\/><br \/>\n            Listen to the article<br \/>\n            <span class=\"text-to-speech__button__audio-length\">8 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"http:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1720802228\/news\/text_to_speech\/the-weekly-closeout-von-dutch-acquired-bath-body-works-crocs_i2lfel.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have feedback.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p>It\u2019s 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\u2019re still thinking about.<\/p>\n<p>From retiring with Taco Bell to a Build-A-Bear on the Magnificent Mile, here\u2019s our closeout for the week.<\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>What you may have missed <\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>Von Dutch acquired by a brand management firm<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>WSG Brands on Wednesday announced that it <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>acquired fashion and lifestyle brand Von Dutch<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, according to the company. Under its new ownership, the brand will be led by Jack Cheika and Marc Benitez, WSG\u2019s CEO and COO.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>\u201cWSG will ensure that each Von Dutch piece \u2014\u00a0from classic trucker hats to its spirited, rebellious ready-to-wear \u2014 will stay true to the authenticity and heritage of Von Dutch as a symbol of dynamic self-expression and bold individuality,\u201d the brand management firm said in a statement.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>Groupe Royer and its subsidiary Royer Brands International transferred ownership of the brand to WSG last month. A spokesperson for the company declined to comment on how much WSG paid for the acquisition or the financial terms of the agreement.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>Build-A-Bear heads to Chicago\u2019s Magnificent Mile<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Build-A-Bear Workshop has opened its <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>latest store in Chicago\u2019s famous Wrigley Building<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> in the heart of the city\u2019s Magnificent Mile.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"image-right inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" data-imagemodel=\"-1\" src=\"https:\/\/www.retaildive.com\/user_media\/diveimage\/Build_A_Bear_Workshop_Chicago_Wrigley_Building.jpg\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Image courtesty of Build-A-Bear<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>&#8220;At Build-A-Bear Workshop, we are committed to creating unforgettable memories for families and kids of all ages through our unique, hands-on retail experience,&#8221; Chris Hurt, chief operating officer at Build-A-Bear Workshop, said in a statement. &#8220;We are thrilled to open our Workshop doors in the Wrigley Building, a historic and vibrant tourist location on Chicago&#8217;s Magnificent Mile, and we look forward to welcoming Guests of all ages to create their very own furry friends.&#8221;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The retailer is hosting a grand opening event on Saturday in honor of the new store, which includes giving away free Lil Cub teddy bears to the first 50 customers to visit the store that day. The event will also include mascot appearances and additional giveaways.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>John Legend, Chrissy Teigen named Ipsy Icon Box collaborators<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Beauty membership company Ipsy on Thursday announced <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>John Legend and Chrissy Teigen will be the latest collaborators of its Icon Box<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"image-right inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" data-imagemodel=\"-1\" src=\"https:\/\/www.retaildive.com\/user_media\/diveimage\/IPSY_Icon_Box_by_Chrissy_Teigen_and_John_Legend.jpg\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Image courtesy of Ipsy<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>&#8220;Self-care is a family affair at our house,&#8221; Legend said in a statement. &#8220;Despite our busy lives, we&#8217;re always sharing product recommendations and finding ways to pamper ourselves and each other \u2014 even if it&#8217;s just for a few moments. That&#8217;s why we were thrilled to collaborate with <span>IPSY<\/span> on the August Icon Box.&#8221;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Ipsy\u2019s Icon Box is a quarterly upgrade offered to its members. Past Icon Box curators have <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>included Patrick Starrr<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> and <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Gwen Stefani<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Brands included in this quarter\u2019s box are Il Makiage, GXVE Beauty, Drunk Elephant, Fenty Skin and Pat McGrath\u00a0Labs. Legend\u2019s Loved01 skin care brand and Teigen\u2019s Cravings food and lifestyle brand will be featured as well.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Retail therapy <\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>Bath &amp;\u00a0Body Works gets its own Crocs <\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p>Bath &amp;\u00a0Body Works on Monday released a limited-edition collection of products in collaboration with Crocs, according to a press release sent to Retail Dive.The products are inspired by Bath and Body Works\u2019 Gingham fragrance line.\u00a0<\/p>\n<figure class=\"inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" data-imagemodel=\"-1\" src=\"https:\/\/www.retaildive.com\/user_media\/diveimage\/Bath__Body_Works_x_Crocs_Collab_1_1.jpg\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Image courtesy of Bath &amp; Body Works<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>The DTC footwear company is selling its signature classic clogs in Bath &amp;\u00a0Body Works\u2019 blue gingham with four scented and four metallic Jibbitz charms in the shapes of Bath &amp; Body Works products. A pair retails at $70.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The classic clogs are available exclusively to Bath &amp;\u00a0Body Works\u2019 rewards program members.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>The Crocs Cozzzy Sandals can be purchased on the Crocs website while supplies last.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>Taco Bell plans for retirement<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Taco Bell on Tuesday announced<\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span> plans to open an early retirement community<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u00a0dubbed The Cantinas\u00a0<span><span><span><span><span><span>\u201cwhere everyone can live like a retiree,\u201d\u00a0per a press release.\u00a0\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The retailer is making a home for the \u201cold at heart\u201d in San Diego from Aug.\u00a017 to Aug. 18. Taco Bell rewards members get exclusive access to day passes and weekend memberships starting July 16.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"image-right inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" data-imagemodel=\"-1\" src=\"https:\/\/www.retaildive.com\/user_media\/diveimage\/Taco_Bell.png\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Image courtesy of Taco Bell<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>The Taco Bell-fueled weekend getaway features early morning tee times, afternoon aerobics and pickleball matches. Taco Bell rewards members over 21 only can reserve a stay at The Cantinas. <\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>What we\u2019re still thinking about <\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>$65<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That\u2019s the new price for a Costco annual membership for individuals or businesses in the U.S. and Canada, effective Sept. 1. It\u2019s the first <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>membership price hike<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> since 2017, according to the retailer. Executive memberships will also increase by $10 from $120 to $130 in September. At the same time, the maximum annual 2% reward available to Costco\u2019s highest tier members will rise to $1,250. It was previously $1,000.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<section class=\"storylines-carousel-wrapper hide-small show-large\" id=\"desktop-carousel\"\/>\n<p><span><span><span><span><span><span>The company expects the fee increases to affect about 52 million paid members, about half of whom have an Executive membership. By raising the fee by $5 to $10, the retailer may generate about $350 million in incremental sales and profit over the next two years, according to one analyst\u2019s estimates.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>2 million<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That\u2019s the estimated number of self-checkout terminals that could be in operation by 2029, per a recent report from RBR Data Services. The report noted that self-checkout <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>experienced a record year<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> in 2023 with 217,000 terminals delivered worldwide. That\u2019s up 12% from a year ago.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Although the U.S. is the largest market for self-checkout, several major retailers, including Walmart, Target, <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Dollar General<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> and Five Below are backing away from the technology or moving to <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>limit its in-store availability<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> or use. Despite that shift in the U.S., adoption of self-checkout is rising elsewhere around the world, including in regions that were slow to implement, such as Germany, according to the report.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>What we\u2019re watching <\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><em><span>Will shoppers take advantage of summer sales?\u00a0<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Amazon recently announced its Prime Day dates of July 16 and July 17, and since then many other retailers have <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>come out with their own promotional events<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> in response.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Walmart, Target, Best Buy <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>and Kohl\u2019s<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> are a go for mid-July summer sales. Macy\u2019s this week revealed a new sales event that <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>focuses on loyalty members<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, dubbed \u201cAll-Star Week,\u201d that starts on July 16. An unlikely player trying to <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>steal market share<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> is TikTok Shop, which will discount \u201cthousands\u201d of items.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<section class=\"storylines-carousel-wrapper show-small hide-large\" id=\"mobile-carousel\"\/>\n<p><span><span><span><span><span><span>But, the big question is: Are consumers ready to spend? A recent survey commissioned by Forter showed that nearly all respondents (90%) reported that their <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>cost of living rose<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0over the past five years, and nearly two-thirds of shoppers said they changed their online shopping habits in response to higher prices. Additionally, <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>discretionary spending is slowing<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> due to inflation, credit card debt and rising insurance premiums, according to a recent report from The Conference Board. <\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. It\u2019s been another week with far more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-12949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/12949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=12949"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/12949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/12950"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=12949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=12949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=12949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}