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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.\u00a0<\/p>\n
From Nike\u2019s turnaround prospects to the impact of LA\u2019s fires on Walmart,\u00a0here\u2019s our closeout for the week.<\/p>\n
What you may have missed<\/h3>\n Tilt Beauty launches, aiming to make industry more accessible<\/em><\/p>\nTwenty-one-year-old Aerin Glazer founded Tilt Beauty after struggling to find options in the beauty market designed for people with disabilities.\u00a0<\/p>\n
Glazer, who was diagnosed with Psoriatic arthritis, sought to create beauty products that are easier to open, hold and apply. The brand launched with two products, a mascara and a lip treatment, both of which are the first of their kind to receive the Arthritis Foundation’s Ease of Use certification.<\/p>\n\n\n
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\nTilt Beauty\u2019s mascara and lip treatment are the first of their kind in the industry to receive the Arthritis Foundation\u2019s Ease of Use certification.<\/p>\n
Courtesy of Tilt Beauty<\/p>\n
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“I experienced chronic painful flare-ups that made using makeup products a constant challenge,\u201d Glazer said in a statement. \u201cI founded Tilt Beauty to create a brand where beauty is accessible to everyone. Our mission at Tilt Beauty is to design products that look beautiful and also make everyone feel included.\u201d<\/p>\n
The products are vegan, cruelty-free, come in refillable packaging and received the National Psoriasis Foundation Seal of Recognition.<\/p>\n
Ollie\u2019s confirms next CEO<\/em><\/p>\nEric van der Valk officially took the wheel as CEO of Ollie\u2019s Bargain Outlet on Sunday.<\/p>\n
Van der Valk, who joined Ollie\u2019s as its chief operating officer in 2021, will also serve on the company’s board of directors. Outgoing CEO John Swygert will take over as executive chairman of the board.<\/p>\n
These moves complete a leadership transition plan the closeout-focused retailer initially announced last June. The company has about 560 stores in 31 states.<\/p>\n
\u201cWhile extremely proud of what we have accomplished so far, I am even more excited about Ollie\u2019s growth potential and competitive positioning going forward,\u201d Swygert said. \u201cEric\u2019s unique background and experience makes him the perfect candidate to lead Ollie\u2019s as we remain committed to continue to grow our business and deliver strong returns to our shareholders.\u201d<\/p>\n
Walmart stores not impacted by Los Angeles fires<\/em><\/p>\nAlthough the human and economic loss from the Los Angeles area wildfires continues to grow, one of the world\u2019s largest retailers managed to avoid damage at its facilities as trouble from the ongoing disaster mounted.<\/p>\n
No Walmart stores or facilities were damaged or destroyed by the fires, a spokesperson told Retail Dive in an email. Additionally, no stores or Walmart facilities were closed due to fire-related reasons as of Tuesday. Some employees were affected, though. The company has 303 retail stores, 17 distribution centers and four fulfillment centers in California.<\/p>\n
\u201cAssociates under evacuation orders were offered evacuation assistance, and associates at stores that were temporarily closed were offered disaster pay,\u201d the company said. Walmart, Sam\u2019s Club and the Walmart Foundation recently announced a $2.5 million commitment to support fire relief efforts.\u00a0<\/p>\n
Overall, \u201cwe have supported 34 local organizations with donations of products (water, food, essentials). Walmart deployed its mobile relief kitchen partnership with Tyson Foods and served over 38,000 meals from our Supercenter in Baldwin Park, CA,\u201d the company said.<\/p>\n
Retail therapy<\/h3>\n Build-a-Bear expands its adult Valentine\u2019s Day offering<\/em><\/p>\nJust when you thought it couldn\u2019t get any weirder \u2014\u00a0Build-A-Bear Workshop expanded its 18+ Valentine\u2019s Day \u201cAfter Dark\u201d\u00a0collection with a Cuddly Cougar stuffed bear available through four different gift sets. The various gift sets include outfits such as a faux fur leopard print coat, a pink sequin dress and a \u201ccaBEARnet\u201d\u00a0wine glass, among other offerings for the Cuddly Cougar to sport.<\/p>\n
The retailer launched its age-restricted \u201cBear Cave\u201d site in 2019 and has made waves on social media for its stuffed animal collections aimed at adults.<\/p>\n
The expanded After Dark collection includes 11 additional gift sets and a variety of accessories. The collection is only available to shop online at the Bear Cave site.<\/p>\n
Vans drops collection for the decades<\/em><\/p>\n\n\n
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\nThe collection includes sneakers based on specific decades of music.<\/p>\n
Courtesy of Vans<\/p>\n
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Vans released the first offering in its Premium Old Skool Music Collection on Thursday with designs based on specific decades of music and fashion. The shoe brand first debuted its ’70s to ’80s punk capsule this week. The ’90s to 2000s Warped Tour-inspired collection will drop March 6 and the 2010s hip-hop capsule is set to release on April 10.<\/p>\n
For the collection, Vans tapped musicians Little Simz, The Paranoyds, Voice of Baceprot and Hi-Tech as brand ambassadors.<\/p>\n\nWhat we\u2019re still thinking about<\/h3>\n 22 <\/em><\/p>\nWill Forever 21 file a Chapter 22? The informal term is when a company goes through a bankruptcy twice. The fast-fashion retailer went through Chapter 11 in 2019 and was bought out of bankruptcy by Authentic Brands Group and mall operators Simon Property and Brookfield several months later. Authentic CEO called the acquisition \u201cprobably the biggest mistake I made,\u201d\u00a0speaking during a presentation at ICR last year.<\/p>\n
Now it looks as though the company is mulling another filing as part of a strategic restructuring.\u00a0<\/p>\n
The company \u201cis exploring a range of strategic options for the operations of Forever 21, and we are working diligently to achieve the best possible outcome,\u201d a Forever 21 spokesperson said in an email to Retail Dive.<\/p>\n
$25 million <\/em><\/p>\nThat\u2019s how much Kirkland\u2019s shareholders finalized in an investment deal with Beyond, the companies announced Wednesday. Beyond now owns about 40% of Kirkland\u2019s outstanding shares of common stock.<\/p>\n
The companies first announced their strategic partnership in the fall.\u00a0\u00a0<\/p>\n
\u201cAs we look ahead, together with the Beyond team we will continue to leverage Kirkland’s core strengths including our Merchandising, Store Operations and Supply Chain expertise and infrastructure to build a cohesive omni-channel strategy for Beyond’s portfolio of iconic brands,\u201d Kirkland\u2019s CEO Amy Sullivan said in a statement.\u00a0\u201cPlans are underway for our first Bed Bath & Beyond store opening later this year, and we look forward to continuing to explore opportunities to maximize the value of our partnership.\u201d\u00a0<\/p>\n\nWhat we\u2019re watching<\/h3>\n Can Nike, intentionally, repeat history?<\/em><\/p>\nThe keys to Nike\u2019s future success could be hiding in its past. In a client note this week exploring Nike\u2019s current turnaround efforts, BMO Capital Markets said Nike itself could hold a good playbook for addressing its problems.\u00a0<\/p>\n
The analysts, led by Simeon Siegel, said Nike\u2019s current problems \u201coddly echo\u201d its issues in 2015 to 2018, when Adidas earned two years of stronger incremental revenue growth than Nike in North America. Back then, the activewear giant got out of its rut by responding to Adidas\u2019 Ultraboost shoe with more launches of its own, cleaning up its excess inventory, elevating the Jordan brand and investing in demand creation.<\/p>\n
Even before Nike \u201croared back,\u201d its doldrums were short-lived \u2014 and not as deep as one would think, according to Siegel.<\/p>\n
\u201cInterestingly, though Adidas was gaining mindshare and arguably firing on all cylinders, Nike still drove more incremental revenue dollars for years as it over-pushed Jordans\/classics,\u201d Siegel wrote. \u201cIt took a surprisingly long time for NKE footwear units to decline and when they did they only stayed down for 3 quarters.\u201d<\/p>\n
Now, Nike is looking to end its losing streak with product innovation, bolder marketing and a return to some of its wholesale partnerships. Will its declines be just as short-lived this time around?<\/p>\n<\/p><\/div>\n
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 […]<\/p>\n","protected":false},"author":1,"featured_media":14721,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-14720","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\/14720","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=14720"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/14720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/14721"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=14720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=14720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=14720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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