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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.<\/p>\n
From Inkey List launching at Ulta Beauty to Sanrio partnering with The Children\u2019s Place, here\u2019s our closeout for the week.<\/p>\n
What you may have missed<\/h3>\n J.C. Penney partners with Joaquina<\/em><\/p>\nJ.C. Penney partnered with Latin Grammy Winner Joaquina on a limited-time back-to-school collection. The Be Electric collection was inspired in part by Joaquina\u2019s love of \u201990s fashion. The singer will be performing in Miami as \u201cthe finale act\u201d to the department store\u2019s \u201cSummer Deal Jam,\u201d according to a company announcement.\u00a0<\/p>\n\n\n
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\nImage courtesy of J.C. Penney<\/p>\n
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\u201cI poured my younger self into this collection \u2013 the girl who mixed Spanish + English like her own secret language and never saw herself in the dressing room mirror,\u201d Joaquina said in a statement. \u201cJ.C. Penney let me tell my story in every stitch. I hope these pieces feel like claiming identity and dressing for the life you dream of.\u201d\u00a0<\/p>\n
Big 5 Sporting Goods sells itself <\/em><\/p>\nEarly last week, Big 5 Sporting Goods announced it would sell itself to Worldwide Golf and private equity firm Capitol Hill Group. The sporting goods company will become a private retailer following the close of the transaction and will no longer be listed on the Nasdaq. The all-cash deal, valued at $112.7 million, also included the assumption of about $71.4 million in credit line borrowings that Big 5 had as of June 29.<\/p>\n
The acquisition combines Big 5\u2019s 414 U.S. stores with Worldwide Golf\u2019s footprint of more than 95 across the U.S. and Canada. Capitol Hill Group will provide financial resources to the pair, giving Big 5 \u201cthe long-term capital and strategic support to re-energize growth and further build on its competitive position in the sporting goods retail sector.\u201d It will remain an independent company within the private equity firm\u2019s portfolio.<\/p>\n
\u201cThis transaction marks an exciting new chapter for Big 5 that allows the company to carry on its legacy of serving customers with quality sporting goods at an exceptional value while maximizing value for our stockholders,\u201d Steven Miller, chairman, president and CEO of Big 5, said in a statement.\u00a0<\/p>\n
The acquisition, which is subject to closing conditions, will give Big 5 stockholders $1.45 per share in cash, a roughly 36% premium of the stock\u2019s weighted average over the past two months. The deal has been approved by Big 5\u2019s board of directors and is expected to close in the second half of this year.<\/p>\n
An Ink-credible development <\/em><\/p>\nThe Inkey List announced that it will launch in all Ulta Beauty stores and on its website on Sunday. Products range across skin, body, hair and scalp care and cost between $7 and $26.50, according to the company. Additionally, Ulta will debut new Inkey products and will exclusively carry some items.\u00a0<\/p>\n
“Our guests are constantly looking to upgrade their skincare routines, especially as these daily rituals become a form of self-care,\u201d Penny Coy, Ulta\u2019s senior vice president of merchandising, said in a statement. \u201cAs the nation’s largest beauty retailer, we want to ensure our assortment reflects their beauty needs and goals, which is why The Inkey List is the perfect addition to our growing assortment.\u201d<\/p>\n
Retail therapy<\/h3>\n Laneige, Baskin-Robbins and Sydney Sweeney team up for sherbet-inspired lip mask<\/em><\/p>\nKorean skincare brand Laneige is launching a rainbow sherbet-inspired version of its lip mask in partnership with Baskin-Robbins, according to a Thursday press release.<\/p>\n\n\n
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\nImage courtesy of Laneige x Baskin-Robbins<\/p>\n
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The $25 multicolored lip product \u2014 available exclusively at Sephora \u2014 features orange, pineapple and raspberry scents based on the Laneige global ambassador Sydney Sweeney\u2019s favorite scoop from the ice cream chain. It will be available for a limited time online and in stores with the mass beauty retailer starting Tuesday.<\/p>\n
“Rainbow Sherbet has always been a fan favorite at Baskin-Robbins, and hearing Sydney Sweeney call it her all-time favorite just made the flavor feel even more special,” Baskin-Robbins Vice President of Brand Marketing and Culinary Nicole Boutwell said in a statement. “Teaming up with Laneige to bring the bright, fruity fan favorite to life in such a fun and unexpected way was a dream collab.\u201d<\/p>\n
The Children\u2019s Place partners with Sanrio on a multiseason collab <\/em><\/p>\nThe Sanrio characters have entered The Children\u2019s Place for a multiseason partnership. Their first collection will drop in the fall, with the partnership continuing through the spring of 2026 \u201cand beyond,\u201d according to a press release.\u00a0\u00a0<\/p>\n
The Perfect Paris capsule collection inspired by Hello Kitty launches on Sept. 11. Future collections include Trick or Treat with Hello Kitty and Friends for Halloween, Forever Fancy for the holiday season and Galentine\u2019s with Hello Kitty and Friends coming in the spring.\u00a0<\/p>\n
\u201cPartnering with Sanrio allows us to tap into a multigenerational icon in Hello Kitty and Friends that resonates just as deeply with millennial parents as it does with their children,\u201d Claudia Lima-Guinehut, brand president of The Children\u2019s Place, said in a statement. \u201cEach drop is intentionally designed to celebrate that cross-generational connection, blending Sanrio\u2019s spirit of friendship and fun with the everyday style, quality, and value that families expect from The Children\u2019s Place.\u201d<\/p>\n
What we\u2019re still thinking about<\/h3>\n 83<\/em><\/p>\nThat\u2019s how many stores across the U.K. and Ireland that Ulta now has access to through its acquisition of British retailer Space NK. Ulta bought the beauty retailer off of private equity firm Manzanita Capital and paid for the deal with cash on hand and capacity under its existing credit facility, though official terms of the deal were not disclosed.<\/p>\n
The deal comes amid a broader group of expansion efforts at Ulta, which is planning to open its first stores in Mexico City, Kuwait City and the United Arab Emirates\u2019 Dubai later this year. CEO Kecia Steelman praised Space NK\u2019s \u201cdifferentiated beauty experience\u201d and said international expansion is \u201can integral part\u201d of Ulta\u2019s growth strategy.<\/p>\n
$1<\/em><\/p>\nThat\u2019s the maximum price for over 70 back-to-school items at Dollar General \u2014 with some products even lower \u2014 this season, according to a company press release Thursday.<\/p>\n
The discount retailer is also providing exclusive discounts for educators, including 30% off select stationery for verified teachers through Sept. 6.\u00a0<\/p>\n
“Dollar General stands ready to deliver on our commitment of everyday value to help families as they shop for back-to-school items,\u201d Steve O\u2019Brien, Dollar General vice president and division merchandise manager, said in a statement. \u201cWhether you\u2019re a parent stocking up on supplies, a teacher preparing their classroom or a student getting ready for dorm living, we offer the essentials you need at prices that will help support a confident start to the school year.\u201d<\/p>\n
What we\u2019re watching<\/h3>\n New York mandates disclosures around algorithm pricing before NRF gets a hearing<\/em><\/p>\nA consumer-protection regulation in New York that applies to algorithmic pricing, also known as surveillance pricing, took effect this week without a preliminary injunction requested by the National Retail Federation.\u00a0<\/p>\n
Businesses in New York, with some exceptions, must now let customers know when a price is set by an algorithm that leverages their personal data. In a May 9 statement, released when Gov. Kathy Hochul signed the bill into law, the governor’s office said the practice is \u201copaque and strips consumers of their ability to comparison shop and plan for the price of goods and services.\u201d<\/p>\n
In a claim filed July 2 in federal court in the Southern District of New York, the NRF contradicts that, stipulating that, rather, it \u201cpermits retailers to offer similar promotions in more sophisticated ways and on a larger scale.\u201d The group also argues that it\u2019s unconstitutional.<\/p>\n
This statute is now on the books unless a judge says otherwise, though NRF hopes \u201cthat the New York Attorney General agrees to refrain from enforcing the law voluntarily\u201d until the court schedules a hearing, per an emailed statement from Chief Administrative Officer and General Counsel Stephanie Martz. Attorney General Letitia James\u2019 office declined to comment.<\/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":15589,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-15588","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\/15588","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=15588"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/15588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/15589"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=15588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=15588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=15588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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