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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 Gap teaming up with Dapper Dan to Chewy\u2019s purrfectly adorable Santa Claus campaign,\u00a0here\u2019s our closeout for the week.<\/p>\n
What you may have missed<\/h3>\n Dick\u2019s names private label chief<\/em><\/p>\nDick\u2019s Sporting Goods earlier this week announced Chad Kessler has become its executive vice president of vertical brands, according to a company LinkedIn post.<\/p>\n
Kessler spent over eight years at American Eagle Outfitters holding a number of roles, including president of American Eagle premium brands, global brand president of American Eagle, and executive vice president and chief merchandising and design officer. Kessler also held leadership roles at Urban Outfitters, Coach and Abercrombie & Fitch.<\/p>\n
As executive vice president of vertical brands at Dick\u2019s, Kessler will be responsible for overseeing the company\u2019s strategy, management and execution of Dick\u2019s private label organization, according to Women\u2019s Wear Daily.<\/p>\n
Amazon launches virtual healthcare for common ailments<\/em><\/p>\nAmazon may be behaving less and less like a retailer, and now it\u2019s more like a healthcare provider than ever. The e-commerce giant on Tuesday announced the launch of Amazon Clinic, a message-based virtual health service available in 32 states that offers care from licensed providers.<\/p>\n
The clinicians can diagnose, treat and prescribe medication for more than 20 common health conditions, including acne, hair loss and allergies.<\/p>\n
The service, which comes on top of Amazon\u2019s recent acquisition of One Medical\u00a0and its existing pharmacy business,\u00a0is available round the clock, seven days a week through Amazon\u2019s website and mobile app. Prices vary by provider, and Amazon Clinic doesn\u2019t accept insurance, though prescriptions (which can also be filled at any pharmacy) may be covered by many health plans.<\/p>\n
Dapper Dan partners with Gap on hoodies<\/em><\/p>\n\n\n
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\nDapper Dan lives up to his name in his latest drop with Gap.\u00a0<\/p>\n
Permission granted by Gap<\/p>\n
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Icon and fashion influencer Dapper Dan has once again partnered with Gap on a collection. The new Dap Gap hoodies come in four plaid colorways and retail for $128. The drop will be available on Nov. 29 at the Gap store on 125th St. in Harlem, New York. The apparel will be available widely on the Gap website on Nov. 30.<\/p>\n
Retail Therapy<\/h3>\n This one is for the Doggs<\/em><\/p>\nCalvin Cordozar Broadus Jr. is fulfilling his retail destiny. Snoop Dogg announced a brand new venture with the introduction of a pet accessory brand named \u2014\u00a0what else? \u2014\u00a0Snoop Doggie Doggs.\u00a0<\/p>\n
The collection of apparel, plush toys, bowls, leashes and more, was created in partnership with SMAC Entertainment and Little Earth Productions. It \u201cpulls inspiration from Snoop\u2019s lifestyle\u201d and encourages shoppers to spoil their pets.\u00a0<\/p>\n
“If my dogs ain’t fresh I ain’t fresh. These dogs and their apparel are a reflection of Tha Dogg himself, so they gotta look the role of a Top Dog, ya dig?!?!” Snoop Dogg said in a statement.<\/p>\n
The company wants you to drop it like it\u2019s hot and grab one of its apparel products that range in size from XS to XL, or in a \u201cbig dog\u201d\u00a0size. Items cost between $14.99 and $99.99.<\/p>\n
You can find Snoop Doggie Dogs on its namesake website and on Amazon.\u00a0<\/p>\n
To spread holiday cheer to pets, Chewy launches \u2018Letters to Chewy Claus\u2019<\/em><\/p>\nWith the holidays around the corner, many are curating their wish lists of items they hope to receive this year.<\/p>\n
But online pet retailer Chewy didn\u2019t want humans to have all of the fun, so this week it launched its \u201cLetters to Chewy Claus\u201d initiative.<\/p>\n\n\n
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\nCourtesy of Chewy<\/p>\n
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The retailer created a \u201cpet-friendly website\u201d so pets can share their holiday wish lists for Chewy Claus to determine if they\u2019ve been naughty or nice. Pets who submit their lists by Dec. 15 will receive their gifts by the new year.<\/p>\n
\u201cAt Chewy, we know pets are a part of the family and we wanted to give them a way to truly participate in the holiday season this year,\u201d Orlena Yeung, vice president of brand marketing at Chewy, said in a statement. \u201cThrough Chewy Claus, we are hoping to spread joy while recognizing the most important gift that keeps on giving \u2014 the love and companionship of our pets.\u201d<\/p>\n
And to extend the holiday spirit further, Chewy has pledged to donate one pound of food to one of its non-profit partners \u2014 up to 15,000 pounds \u2014 for every letter received.<\/p>\n\nWhat we\u2019re still thinking about<\/h3>\n -60%\u00a0<\/em><\/p>\nThat is how much net income slid by at Kohl\u2019s in the third quarter, with comp sales down nearly 7%. That came as no surprise after the retailer announced Q3 preliminary results, along with the departure of Michelle Gass from the company and CEO role, earlier this month.<\/p>\n
What did come as unexpected was the withdrawal of guidance for Q4 and the fiscal year. With sales decelerating in October and into November, and its customers on the hunt for discounts, the retailer is facing a bumpy ride through the rest of the year, and as it is without a chief executive. The company\u2019s chief financial officer and board chair signaled that the company would be leaning in to its position as a value banner, and expects a highly promotional season \u2014\u00a0which means profits aren\u2019t coming back anytime soon.<\/p>\n
-52.1%<\/em><\/p>\nSpeaking of falling profits, Target once again missed analyst estimates this year, with its Q3 report bringing yet another down revision for its forecasts for the year. Target, like Kohl\u2019s and others, has seen sales slow down in October, a troubling sign for the holiday season ahead. Yet rival Walmart posted a blowout quarter relative to the year, a dichotomy that analysts took note of.<\/p>\n
Target Chief Growth Officer Christina Hennington said sales have been soft in electronics and sporting goods, and toy sales have decelerated \u2014\u00a0again, a worrying omen for the holidays. Target CEO Brian Cornell noted that the retailer has seen its customers become increasingly cautious, price sensitive and driven by promotions on products to induce them to buy, which has put continuous pressure on the company\u2019s margins. Analysts voiced disappointment with the company itself, with one suggesting that \u201cTarget has let its standards slip and its energy slide.\u201d<\/p>\n\nWhat we\u2019re watching<\/h3>\n Adidas, Nike step deeper into virtual goods<\/em><\/p>\nBrands have been playing around with the metaverse and virtual goods for the entirety of 2022, but two major athletics brands made big commitments to the space this week. Nike announced a new marketplace, called .Swoosh, dedicated to the collection and eventual trade of virtual goods. And just days later, Adidas dropped its first NFT collection of wearables, designed specifically for virtual avatars.<\/p>\n
Both moves represent serious dedication to virtual products, and in Adidas\u2019 case, the brand even developed a new \u201cVirtual Gear\u201d product category to hold all of those items. Nike has plans to debut digital collections of its own on the .Swoosh platform starting next year, which shoppers will be able to wear in digital games and experiences. And the retailer will give some shoppers the chance to co-create virtual products like jerseys and shoes, and earn royalties on those items.<\/p>\n
These two aren\u2019t playing around anymore.<\/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":7857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-7856","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\/7856","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=7856"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/7856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/7857"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=7856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=7856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=7856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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