{"id":15285,"date":"2025-05-18T05:16:25","date_gmt":"2025-05-18T05:16:25","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-kohls-plans-to-refinance-wayfair-expands-large-format-concept\/"},"modified":"2025-05-18T05:16:25","modified_gmt":"2025-05-18T05:16:25","slug":"the-weekly-closeout-kohls-plans-to-refinance-wayfair-expands-large-format-concept","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-kohls-plans-to-refinance-wayfair-expands-large-format-concept\/","title":{"rendered":"The Weekly Closeout: Kohl\u2019s plans to refinance, Wayfair expands large-format concept"},"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\">7 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\/v1747410797\/news\/text_to_speech\/the-weekly-closeout-kohls-plans-to-refinance-wayfair-expands-large-forma_sc9iyt.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><span><span><span><span><span><span>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<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>From Walmart\u2019s expanded eye care assortment to Solo Stove\u2019s latest product launch, here\u2019s our closeout for the week.<\/span><\/span><\/span><\/span><\/span><\/span><\/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><span><em><span>Walmart sees things clearly<\/span><\/em><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Walmart is <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>expanding its eye care assortment<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, in partnership with Nuance Audio Glasses and Eureka daily contact lenses for astigmatism.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The audio glasses combine prescription eyewear with an invisible hearing solution for mild to moderate hearing loss and sell for $1,100 at nearly 1,500 Walmart Vision Centers. The daily contact lenses for astigmatism are available in stores and online for just under $70, the company announced Tuesday.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>By the end of this month, the company\u2019s Optical Virtual Try-On feature will expand to allow customers to try on over 1,700 virtual frames. Shoppers can virtually try on frames and purchase prescription eyewear online through Walmart\u2019s app or website.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><em><span>Wayfair to bring large-format concept to New York<\/span><\/em><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Wayfair <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>announced its next large-format retail store<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> will be in Yonkers, New York.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Opening in early 2027, the store will have 19 departments across furniture, decor, outdoor living, home improvement and more. The location\u2019s product assortment will also feature Wayfair Verified items of highly rated items.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>Liza Lefkowski, vice president of merchandising and stores at Wayfair,<\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> said in a statement that Wayfair in the past year has seen how a thoughtfully designed store deepens engagement, growth and welcomes new audiences.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>&#8220;The upcoming Yonkers store builds on that momentum \u2014 bringing our immersive retail experience to the New York metro area and delivering the same inspiration, convenience, and flexibility our customers have come to expect,\u201d Lefkowski said.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><em><span>Harry\u2019s debuts a new razor<\/span><\/em><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>In what it called \u201cthe most significant launch in the brand&#8217;s history,\u201d men\u2019s grooming brand <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>Harry\u2019s released a new razor system<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> this week. Harry\u2019s Plus features a pivoting cartridge, five blades, a lubricating aloe strip and an ergonomic metal handle.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" alt=\"Two razors on a white background.\" data-imagemodel=\"179309\" src=\"https:\/\/imgproxy.divecdn.com\/EUF2DdIgPdYaqs9IEbKJo6c2oZNvxAn99_vGyjMcFH4\/g:ce\/rs:fit:1600:0\/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9IYXJyeXNfUGx1cy5qcGc=.webp\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Courtesy of Harry&#8217;s Razors<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>The launch was supported by a decade of research and \u201csignificant capital investment\u201d in custom machinery, the company said. Harry\u2019s Plus is only available on Harry\u2019s website, with a starter pack priced at $10, and will be sold alongside the brand\u2019s other razors.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>&#8220;Since founding Harry&#8217;s, we&#8217;ve had a vision to create a next generation razor system that could deliver truly premium performance,&#8221; co-founder and Mammoth Brands co-CEO Jeff Raider said in a statement. &#8220;Less than a year after launching Harry&#8217;s, we decided to buy a 90-year-old razor blade factory in Germany because we knew it would be critical in enabling us to innovate in a big way. After 10 years and endless prototyping, testing, and building, we&#8217;re so excited to be launching Harry&#8217;s Plus, our best shave ever.&#8221;\u00a0<\/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><span><em><span>Solo Stove keeps its cool<\/span><\/em><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Solo Stove, which already sells pizza ovens and fire pits, is betting it can <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>replicate that success in a crisp new way<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>: coolers.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" alt=\"People gather around a tan cooler in the grass.\" data-imagemodel=\"179310\" src=\"https:\/\/imgproxy.divecdn.com\/y_L09JINIAYnrANYRA5ngbfUMuIRwRSLotBVk-oku9g\/g:ce\/rs:fit:1600:0\/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9Tb2xvX1dpbmRjaGlsbF9Db29sZXJfbUtreHFvZS5qcGc=.webp\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Courtesy of Solo Stove<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>The Solo Windchill 47 is the brand\u2019s first foray into the cooler space. It features a portable air conditioner and misting system, presumably so families can feel superior to their neighbors at local parks and concert venues. At $650, it costs approximately $10 per can of beer you can fit into it.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>It\u2019s available in two different colors at launch, tan and green. The product is currently in the preorder stage on Solo Stove\u2019s website and will begin shipping in early June.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>&#8220;This is just the beginning of the next iteration of Solo, as we continue to deliver quality products that are designed to elevate your outdoor experience and spark unforgettable moments with friends and family,&#8221; CEO John Larson said in a statement.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><em><span>Tell the time \u2026 with your shoes?<\/span><\/em><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Casio America debuted a <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>limited-edition footwear collaboration<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> between G-Shock and Crocs on Tuesday. The shoe in the Crocs Echo Wave silhouette features a marbled ankle strap with a timepiece.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" alt=\"A brand iamge of the G-Shock and Crocs collaboration\" data-imagemodel=\"179286\" src=\"https:\/\/imgproxy.divecdn.com\/-tcNjFrD4jZTGVJjILTLIJHRi01NIjTdShlKQ56x2FY\/g:ce\/rs:fit:1600:0\/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9HX1Nob2NrX1BSX0Jhbm5lcl81MDAweDMwMDBfdGZDZjFFMy5qcGc=.webp\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Courtesy of Crocs, G-Shock<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>The shoe features alarms, a stopwatch and a countdown timer. The watch can also be removed and worn on the wrist. The product will be available May 27 for $200 at select wholesale partners and Crocs.com.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<section class=\"storylines-carousel-wrapper hide-small show-large\" id=\"desktop-carousel\"\/>\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><span><em><span>2%<\/span><\/em><\/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>Dillard\u2019s retail sales declined in the first quarter<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, reaching $1.47 billion. The department store also reported comparable sales fell 1%.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>CEO William Dillard<\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> said despite broader economic uncertainty, the retailer \u201cturned in a relatively good first quarter,\u201d adding that it \u201ckept expenses under control and reported a healthy gross margin.\u201d Retail gross margin during the period was 45.5% of sales compared to 46.2% last year.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The retailer\u2019s net income fell during the period to $163.8 million compared to $180 million in the year-ago period.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><em><span>7.8%<\/span><\/em><\/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>A.k.a. Brands\u2019 active customer base grew during the first quarter<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>, reaching 4.1 million.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The company \u2014 whose portfolio includes Princess Polly, Culture Kings and Mnml \u2014 reported Q1 net sales rose 10.1% year over year to $128.7 million, while U.S. net sales grew 14.2%. Net loss narrowed to $8.4 million from $8.9 million last year.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cThis marks our fourth consecutive quarter of growth, underscoring the effectiveness of our strategic initiatives,&#8221; CEO Ciaran Long said in a statement. \u201cAs we approach the evolving trade environment impacting our U.S. business, we are confident that our strategic actions, swift execution and flexible business model will enable us to navigate this period and emerge even stronger.\u201d<\/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><span><em><span>Kohl\u2019s makes plans to refinance <\/span><\/em><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Kohl\u2019s intends to <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>refinance with a $360 million<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> offering of new senior secured notes due in 2030, according to a Tuesday filing with the U.S. Securities and Exchange Commission. Eleven distribution and e-commerce fulfillment centers will be used as collateral and will be held in a newly formed holding company.\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>The net proceeds will go to the repayment of debt under the company\u2019s revolving credit facility. Kohl\u2019s expects to borrow under its revolving credit facility to repay all of its 4.25% notes due in 2025.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Within the past few weeks, the department store <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>fired its CEO<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> over a conflict of interest and then had a board member <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span><span><span>leave due to disagreements<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span> with the company.\u00a0<\/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 7 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":15286,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-15285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/15285","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=15285"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/15285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/15286"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=15285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=15285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=15285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}