{"id":9686,"date":"2023-06-23T19:37:57","date_gmt":"2023-06-23T19:37:57","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-walmart-launches-summer-sale-hasbro-brings-back-furby\/"},"modified":"2023-06-23T19:37:57","modified_gmt":"2023-06-23T19:37:57","slug":"the-weekly-closeout-walmart-launches-summer-sale-hasbro-brings-back-furby","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/the-weekly-closeout-walmart-launches-summer-sale-hasbro-brings-back-furby\/","title":{"rendered":"The Weekly Closeout: Walmart+ launches summer sale, Hasbro brings back Furby"},"content":{"rendered":"

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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 the Federal Trade Commission suing Amazon over \u201cdeceptive\u201d practices related to its Prime subscription signups to hair care brand K18 potentially exploring a sale,\u00a0here\u2019s our closeout for the week.<\/p>\n

What you may have missed<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n

Walmart and other retailers take on \u2018Prime Day\u2019<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n

Target may have succeeded in stealing some of Amazon\u2019s thunder by announcing its own summertime sale the same day <\/span><\/span><\/span><\/span><\/span><\/span>Prime Day was revealed<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>, but the mass merchant is hardly alone. Throughout the week, other retailers let everyone know that they, too, are hosting big red-letter promotions in July.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Like Target, Walmart\u2019s sale will last longer than Prime Day, which takes place July 11 and 12. The first-ever \u201cWalmart+ Week\u201d starts at noon ET on July 10 for members and opens to the public on July 11, with deals ending July 13 at 7 p.m. Walmart+ members will be privy to some exclusive limited-time offers, according to an emailed press release.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Best Buy is also jumping in with what it\u2019s calling \u201cBlack Friday in July.\u201d That runs July 10-12, and My Best Buy Plus and My Best Buy Total members get access to exclusive offers and deeper discounts on select products, per an emailed release. Electronics and tech retailer Newegg is holding its ninth annual <\/span><\/span><\/span><\/span><\/span><\/span>FantasTech Sale \u2014\u00a0the longest running of the bunch so far \u2014\u00a0July 10 to July 14, with some presale deals starting July 5. Newegg said it <\/span><\/span><\/span><\/span><\/span><\/span><\/span>doesn\u2019t require any membership<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span> to access its deals.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Will hair care brand K18 sell itself?<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n

Hair care brand K18 may be the next DTC brand to sell itself.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The brand, which <\/span><\/span><\/span><\/span><\/span><\/span>launched in 2020<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>, is exploring sale options <\/span><\/span><\/span><\/span><\/span><\/span>according to a Women\u2019s Wear Daily report<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span> citing unnamed sources.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The brand, which is expected to surpass $100 million in net sales this year, is working with Financo Raymond James to oversee a sale, according to the WWD report.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

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Courtesy of K18<\/p>\n

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However, K18\u2019s co-founder and CEO Suveen Sahib told the publication that the brand had \u201cstrategic interest\u201d during the first few months of its launch, but \u201cthere is no M&A conversation at this time.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The brand\u2019s Leave-in Molecular Repair hair mask is among its most popular products, reaching millions of views on TikTok. A year after its launch, the brand expanded beyond its DTC channels into wholesale through a partnership with Sephora.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The Container Store to feature Dormify for college shopping<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n

Ahead of back-to-school season, The Container Store is expanding its partnership with <\/span><\/span><\/span><\/span><\/span><\/span>Dormify, an online shop for dorm d\u00e9cor, the company announced in a press release<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>\u00a0this week.\u00a0Geared toward college students, 40 Container Store locations will feature a Dormify display. The Austin,\u00a0Houston, Nashville,\u00a0New York City and Costa Mesa, California, locations will exclusively offer a Dormify shop-in-shop experience with curated items through Sept.\u00a04.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

\u201cWe\u2019re thrilled that students and families have the opportunity to shop for our products in person at The Container Store in markets that are home to so many colleges and universities,\u201d Dormify co-founder and president Amanda Zuckerman said in a statement. \u201cWith Pinterest pins for \u2018dorm room ideas\u2019 topping 14 million, it\u2019s clear that college-bound Gen Zers are looking for inspiration and functional designs that let them express their individuality. We\u2019re excited about our collaboration with The Container Store and to offer these students a curated selection of our best-sellers through our first-ever shop-in-shop experience.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

More than 90 items from Dormify are available on The Container Store\u2019s website. Products in the partnership include mix-and-match Twin XL bedding, headboards with charging capabilities, pillows, throw blankets and wall art.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Home Depot making a battery-powered push<\/span><\/em><\/span><\/span><\/span><\/span><\/p>\n

The Home Depot wants 85% of the outdoor power equipment it sells \u2013 like push lawnmowers, leaf blowers and trimmers \u2013 to run on <\/span><\/span><\/span><\/span><\/span><\/span>rechargeable battery technology<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span> instead of gas within the next five years.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n