{"id":15255,"date":"2025-05-12T05:42:18","date_gmt":"2025-05-12T05:42:18","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-hudsons-bay-lands-several-bids-and-trump-threatens-mattel-with-tariffs\/"},"modified":"2025-05-12T05:42:18","modified_gmt":"2025-05-12T05:42:18","slug":"the-weekly-closeout-hudsons-bay-lands-several-bids-and-trump-threatens-mattel-with-tariffs","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-hudsons-bay-lands-several-bids-and-trump-threatens-mattel-with-tariffs\/","title":{"rendered":"The Weekly Closeout: Hudson\u2019s Bay lands \u2018several\u2019 bids and Trump threatens Mattel with tariffs"},"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\"><\/p>\n<p>            <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.retaildive.com\/static\/images\/audio_icon.svg?482016190122\" alt=\"\"\/><\/p>\n<p>        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">11 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=\"https:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1746806237\/news\/text_to_speech\/hudsons-bay-bids-trump-mattel-tariffs_dsjpxl.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.\u00a0<\/p>\n<p>From <span><span><span><span><span><span>BuyBuy<\/span> Baby relaunching online<\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0<\/span><\/span><\/span><\/span><\/span><\/span>to <span><span><span><span><span>Vineyard Vines partnering with the Grateful Dead<\/span><\/span><\/span><\/span><\/span>,\u00a0here\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>Reebok\u2019s head of basketball is Jide Osifeso <\/span><\/em><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>As Reebok looks to reassert itself in the basketball space, the sportswear brand last year tapped designer and creative director Jide Osifeso as head of its basketball division, the company confirmed via email. The brand is returning to the space after <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>largely abandoning it<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> under former owner Adidas and in February <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>launched its first performance basketball shoe<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> in more than a decade.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Osifeso\u2019s role, introduced last spring, is in addition to Shaquille O\u2019Neal\u2019s position as <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>president of Reebok basketball<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> and Allen Iverson\u2019s role as vice president, both of which were announced a little over a year and a half ago.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Osifeso is the founder of Los Angeles-based streetwear brand Hymne, established in 2015, and has experience at RVCA and Adidas as well. Through Hymne, Osifeso collaborated with sportswear brands including Nike and Reigning Champ. The designer has worked with the likes of Kendrick Lamar, SZA and Jaden Smith, and has already been \u201cinstrumental\u201d in Reebok\u2019s signing of athletes such as Angel Reese and Matas Buzelis.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cHis approach combines cultural relevance with performance innovation, positioning Reebok to resonate with a new generation of athletes and consumers,\u201d the company said via email, specifying that it wants to align the brand with Gen Z. \u201cOsifeso\u2019s work is characterized by a thoughtful, introspective approach that values authenticity and collaboration.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>Boot Barn makes interim CEO permanent <\/span><\/em><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Boot Barn Holdings on Monday announced that it <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>appointed John Hazen<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u00a0<span><span><span><span><span><span>as its chief executive officer. Hazen has been serving as the company\u2019s interim CEO since November, according to a company press release.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Hazen joined Boot Barn in 2018 as its chief digital officer. He also served in leadership roles at Ring, True Religion and Nike, among other companies.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>\u201cAfter a comprehensive search process, the Board unanimously concluded that John is the right leader to drive Boot Barn forward. We believe that his deep industry knowledge, proven track record in digital transformation, and clear vision for the future make him exceptionally qualified for this role,\u201d Peter Starrett, executive chairman of Boot Barn, said in a statement.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><em><span>BuyBuy Baby officially relaunches online<\/span><\/em><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>About a month and a half after <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>announcing BuyBuy Baby\u2019s imminent return<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, the baby retailer has officially relaunched online.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Coinciding with the relaunch, BuyBuy Baby is hosting a \u201cWelcome Baby\u201d event that runs through Monday, offering customers discounts on infant and toddler products, as well as social media giveaways.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>BuyBuy Baby\u2019s online return comes about three months after <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Beyond acquired the retailer for $5 million<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, reuniting it with its former owner, Bed Bath &amp; Beyond.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>&#8220;We are thrilled BuyBuy Baby is back together with Bed Bath &amp; Beyond to create key life stage shopping moments,&#8221; Marcus Lemonis, Beyond\u2019s executive chairman and principal executive officer, said in a statement. &#8220;The seamless integration of curated product assortment, intuitive site experience and targeted marketing represents our commitment to meeting the needs of today&#8217;s parents with our \u2018Welcome Baby\u2019 event.&#8221;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><em><span><span><span><span><span><span>Trump threatens Mattel with tariffs <\/span><\/span><\/span><\/span><\/span><\/span><\/em><\/p>\n<p>President Donald Trump said he would place a 100% tariff on Mattel in response to the toy company saying they are shifting some manufacturing out of China to other countries.\u00a0<\/p>\n<p>\u201cThey said,\u00a0\u2018Well, we&#8217;re going to go counter. We&#8217;re going to try going someplace else.\u2019 That&#8217;s okay, let him go, and we&#8217;ll put 100% tariff on his toys, and he won&#8217;t sell one toy at the United States. And that&#8217;s the biggest market,\u201d Trump said regarding the company in remarks at the White House.\u00a0<\/p>\n<p>Mattel is accelerating a pullback from China, CEO Ynon Kreiz said on an earnings call this week. The toy company currently brings in less than 20% of its U.S. imports from China. By 2027, no one country will represent more than 25% of Mattel\u2019s total toy production.\u00a0<\/p>\n<p>Mattel did not immediately reply to questions regarding Trump\u2019s statements.\u00a0<\/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>Vineyard Vines has a whale of a time with Grateful Dead<\/span><\/em><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Do Vineyard Vines and Grateful Dead have anything in common? Now they do, thanks to a <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>limited-edition collection of apparel<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> and accessories.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The line, which <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>spans T-shirts, polos, ties<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> and belts, launched on Monday and mashes up Vineyard Vines\u2019 preppy college aesthetic with Grateful Dead\u2019s hippy rock vibes. The odd couple have Shep Murray and Ian Murray to thank, who are long-time Grateful Dead fans in addition to being Vineyard Vine\u2019s founders.<\/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>&#8220;This collaboration reflects the incredible reach and diversity of the Dead Head community, and we&#8217;re grateful to pair our Whale with the power of the Dancing Bears and Steal Your Face,&#8221; Ian Murray said in a statement. &#8220;The Grateful Dead is an iconic American band and brand and we are proud to see both our logos and fans together.&#8221;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>So grab your boat shoes and your best concert bud-dy, <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>we\u2019re going Truckin\u2019<\/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><em><span>What a great daffo-deal <\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Just in time for Mother\u2019s Day, Walmart may have the sweetest deal around. Shoppers can order 12 cupcakes from the retailer\u2019s bakery that are iced and gathered together to look like a springtime bouquet. With its under-$20 price tag, the <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>floral bouquet<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> is having a moment in the sun on social media, with influencers raving about its taste and pretty packaging.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<blockquote class=\"instagram-media\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/reel\/DJW7yCvJIGy\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:540px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\">\n<\/blockquote>\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>1.3%<\/span><\/em><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That\u2019s how much <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Puma\u2019s net sales declined<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> in the first quarter, falling to just over 2 billion euros (around $2.3 billion). DTC grew 12% currency-adjusted, while wholesale fell nearly 4%.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>As with many other brands, Puma has a multipronged approach to dealing with tariffs from the Trump administration, which included <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>accelerating orders<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> prior to April 9. Now, the sportswear retailer is focused on optimizing sourcing for the upcoming fall and winter season and is reviewing pricing.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cIn the evolving global trade landscape and amidst macroeconomic volatility, we concentrate on controllable factors and diligently serve our retail partners, consumers, and brand ambassadors,\u201d CFO Markus Neubrand said in a statement on the results. Neubrand noted that the retailer is currently not accounting for tariffs in its outlook due to the \u201chighly uncertain implications.\u201d<\/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>The brand is currently without a CEO after <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Arne Freundt abruptly left the activewear company<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> last month due to \u201cdiffering views on strategy execution.\u201d Arthur Hoeld, a 26-year Adidas veteran, will take over the role on July 1. The company is also in the <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>process of cutting 500 jobs<\/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><em><span>22%<\/span><\/em><\/span><\/span><\/span><\/span><span><span><span><span><span><span>\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>That\u2019s how much <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Yeti\u2019s international sales increased in the first quarter<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, while the drinkware brand\u2019s U.S. sales fell 2% year over year. Overall, total net sales at the company increased 3% to $351.1 million, with DTC sales increasing 4% to $196.2 million and wholesale sales growing 1% to $154.9 million.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The company said it exited the first quarter before \u201cthe significant tariff disruption announced in April,\u201d but has since lowered its full-year outlook as a result. Yeti now expects sales to increase between 1% and 4% for the year, down from previous estimates of up 5% to 7%, representing a 300 basis point impact related to supply chain disruptions. The company also expects operating income as a percentage of sales to be 12% versus prior estimates of 16.9%.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cOur updated full year outlook reflects both our confidence in the business and our current assessment of anticipated headwinds this year, including the projected impact of tariffs and supply disruptions,\u201d CEO Matt Reintjes said in a statement. \u201cAbsent the tariffs, we believe Yeti was set up for a strong year of delivering against our full year plan. In light of this, the focus still remains on our strategic priorities of growing the brand globally and driving innovation all supported by consistent operational discipline.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The company is working to reduce its reliance on China and is accelerating the pace of product innovation to mitigate any headwinds brought on by tariffs.<\/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>Hudson\u2019s Bay Co. gets \u2018several bids,\u2019 as liquidation sales are expected to continue into the summer<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Hudson\u2019s Bay Co., the iconic Canadian retailer that started as a trading post in the 17th century and <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>decided to close all of its stores<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> last month, has received \u201cseveral\u201d bids, according to filings from the country\u2019s version of bankruptcy court. None are from insiders, which means that HBC chief Richard Baker hasn\u2019t bid.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The liquidation of the chain, as well as Canada\u2019s Saks Fifth Avenue and Saks Off 5th operations, continues apace: The company has asked that the process be extended into the summer.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Canadians have apparently flocked to those sales, as they have \u201cgenerated cash in excess of \u2026 operating needs,\u201d per court filings. Hudson\u2019s Bay has proposed using those proceeds to pay off $25 million in revolving debt. <\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The closure of the nearly 80 Hudson\u2019s Bay stores is leaving a gap for both Canadian consumers and the brands interested in reaching them, especially in towns where there are few if any comparable retailers, analysts say.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><br \/>\n<br \/><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 11 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":15256,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-15255","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\/15255","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=15255"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/15255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/15256"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=15255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=15255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=15255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}