Market News

The RealReal Moves Away from Beauty, Shifts Focus to Luxury Consignment

Editor’s Note: This story was updated on March 27, 2023 to include comments from The RealReal. As it continues its laser focus…

Foot Locker Moves Away from Malls with Plans to Close 400 Underperforming Stores

As it approaches its 50th anniversary in 2024, Foot Locker has outlined a new transformation strategy “designed to set us up for…

Dollar General Commits $100M to Increasing Employee Hours as Labor Competition Continues

Dollar General will invest nearly $100 million to increase labor hours for its more than 170,000 store employees in 2023 to enable…

Glossier Bolsters C-Suite with New Creative, Marketing and Commercial Officers

Beauty brand Glossier has expanded its all-women leadership team with three C-suite appointments, including the promotions of Marie Suter to Chief Creative Director…

Facebook Parent Meta to Lay Off 10,000 Employees, Close 5,000 Open Job Postings

Following layoffs of 11,000 workers in November 2022, Facebook parent company Meta announced on March 14 that it would let go of…

Tuesday Morning Receives $12.5M in New Debtor-in-Possession Financing

Off-price home goods retailer Tuesday Morning, which filed for bankruptcy in February 2023, has received $12.5 million in debtor-in-possession (DIP) financing from…

Shein Raises $2B, Wish Adds More European Merchants as Temu Gains Ground

Shopping app Temu has been stealing the spotlight from fellow discount platforms Shein and Wish of late thanks to its meteoric rise…

ThredUp Tests Consignment Fees, New Return Policies in the Pursuit of Profitability

Marking a significant shift in ThredUp’s value proposition to consumers, the resale marketplace testing out a number of new initiatives to improve…

Criteo Acquires Brandcrush to Create Holistic Retail Media Solution

Commerce media company Criteo has acquired Brandcrush, a platform that enables the buying and selling of retail media activations, including those in offline…

WHP Looks Beyond Toys ‘R’ Us with $375M Investment from Ares

Brand management firm WHP Global has received a $375 million equity investment from funds managed by the private equity group of Ares…

Former L’Oréal Exec Named CEO of LVMH Beauty

LVMH has appointed Stéphane Rinderknech as Chairman and CEO of its Beauty Division in addition to his current role as head of…

Nordstrom to Wind Down Canada Operations, Closing 13 Stores and Ecommerce Site

Nordstrom will shutter its six full-line department stores and seven Nordstrom Rack stores in Canada, along with its Canadian website, in a…

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Market News

The RealReal Moves Away from Beauty, Shifts Focus to Luxury Consignment

Foot Locker Moves Away from Malls with Plans to Close 400 Underperforming Stores

Dollar General Commits $100M to Increasing Employee Hours as Labor Competition Continues

Glossier Bolsters C-Suite with New Creative, Marketing and Commercial Officers

Facebook Parent Meta to Lay Off 10,000 Employees, Close 5,000 Open Job Postings

Tuesday Morning Receives $12.5M in New Debtor-in-Possession Financing

Shein Raises $2B, Wish Adds More European Merchants as Temu Gains Ground

ThredUp Tests Consignment Fees, New Return Policies in the Pursuit of Profitability

Criteo Acquires Brandcrush to Create Holistic Retail Media Solution

WHP Looks Beyond Toys ‘R’ Us with $375M Investment from Ares

Former L’Oréal Exec Named CEO of LVMH Beauty

Nordstrom to Wind Down Canada Operations, Closing 13 Stores and Ecommerce Site

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5 Essential Tax Truths for Growing Midmarket Companies

The Agentic Engine Powering Profit-Driven Merchandising

6 Essential Tips for Social Commerce for Tax, Finance, and IT Leaders

AI at a Crossroads: Leadership, Ethics, and ROI

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