Archive snapshot · Consumer
Fri, Sep 11, 9:30 PM ET
Yum Brands closes sale of Pizza Hut to LongRange Capital for $1.5B
Yum Brands has completed the divestiture of Pizza Hut, allowing the pizza chain to pursue a turnaround away from public market pressures while Yum focuses on Ta
Restaurantdive · +6 outlets
Amazon hid surcharges in ad auctions, bilking brands of billions, FTC alleges
The FTC complaint alleges Amazon knowingly concealed fees in its advertising auction system, internal documents show the company was aware the practices could d
Retaildive · +5 outlets
7 Brew outbids Dutch Bros with $143M offer for Salad and Go units
The drive-thru coffee chain proposed to acquire half of bankrupt fast-casual Salad and Go's closed locations, topping a rival bid from Dutch Bros.
Restaurantdive
Victoria's Secret reports Q2 sales below estimates, stock drops 16.4%
The lingerie retailer's quarterly revenue fell short of analyst expectations, sending shares sharply lower.
StockStory
Dollar Shave Club acquires body care brand Truly Beauty
The acquisition brings together two direct-to-consumer personal care brands, which will retain their distinct identities and target different customer bases.
Retaildive · +1 outlets
Kohl's names Walmart fashion alum Ryan Waymire as chief merchant
Ryan Waymire, who held merchandising roles at Walmart, Wayfair, Amazon and Target, will replace Nick Jones as Kohl's chief merchant.
Retaildive · +1 outlets
J. Peterman appears to have folded, stops taking orders
The quirky catalog retailer made famous by Seinfeld has stopped taking orders and faces allegations of violating Ohio consumer laws.
Retaildive · +1 outlets
Kohl's creates chief customer officer role, marketing chief departs
Kohl's combined media, loyalty, digital commerce and other functions under a new chief customer officer position, leading to the departure of CMO Christie Raymo
Retaildive
Sephora to pilot TikTok Shop experience with exclusive monthly drops
The beauty retailer will debut exclusive monthly product drops through TikTok's e-commerce feature using content-led videos and TikTok Live.
Retaildive · +1 outlets
Ollie's Bargain Outlets invests $15M in lower prices amid Q2 comp decline
The closeout retailer aims to protect its low-price leadership as comparable sales fell in a competitive environment and tough consumer backdrop.
Retaildive · +1 outlets
Genesco Q2 revenue in line with expectations, sales fall despite margin gains
The footwear and apparel retailer reported quarterly revenue meeting analyst estimates, though sales declined while margins improved.
Kalkine Media · +2 outlets
Home Depot extends AI assistant Magic Apron with localized store knowledge
The retailer expanded its AI shopping assistant to include localized store information, helping customers find items and get project advice.
Retaildive · +1 outlets
Williams-Sonoma AI assistant drives higher conversion rates
Customers using Williams-Sonoma's AI agent Olive convert at three times the rate of those who do not, according to the retailer.
Retaildive · +1 outlets
Q2 restaurant winners and losers: coffee in, pizza out; legacy chains struggle
Restaurant Dive's quarterly review finds coffee concepts outperforming, pizza chains declining, and several legacy QSR brands facing difficult turnarounds.
Restaurantdive
Fast food promotional blitz failed to sustain value perceptions
Despite heavy discounting by major fast-food chains, consumer perceptions of value have not improved, suggesting the strategy was ineffective.
Restaurant Business Magazine
Supermarkets work to win back inflation-weary shoppers
Grocery chains are deploying new strategies to attract consumers who have pulled back spending due to persistent inflation.
ConsumerAffairs
Gap sales surge as Old Navy reshapes Canadian store network
Gap Inc. reported strong sales growth while Old Navy continues to restructure its Canadian store footprint.
retail-insider.com · +1 outlets
Boscov's revamps e-commerce fulfillment with unified inventory system
The department store chain expects to reduce out-of-stocks and improve omnichannel experience through a new inventory management system.
Retaildive · +1 outlets

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