Another week passed with much more retail news than the day. Below we break down some things you may have missed during the week and what we’re still thinking about.
From Walmart’s exclusive subscription for savings to subscribers to a limited series of Gusher metaverse sneakers, here’s our sale for the week.
What you might have missed
The head of Nike’s diversity department came out 2 years later
Felicia Mayo, who was named Chief Officer for Talent, Diversity and Culture in 2020 is reportedly coming out in just two years. Financial Times first reported the newswhich was based on an internal note.
Mayo replaces Kelly Leonard, named First Vice President and Chief Executive Officer for Diversity in 2018, and has been in this role for only two years. At the time of its appointment, Nike had made the position of diversity and inclusion part of its C-Suite. Leonard was one of two Nike women received in the spring of 2018 after a number of executives left the company amid allegations about misconduct and toxic work environment.
Nike did not immediately respond to Retail Dive’s request for comment.
Walmart launches exclusive savings for its subscribers
Walmart has announced that it will take Fr. an exclusive sales event for its Walmart + subscribers from 2 to 5 June. The three-day event will give members “access to the biggest discounts on thousands of the hottest summer goods,” including the Shark vacuum cleaner, Minnie Mouse gaming house and Samsung Galaxy S7, the company said in a press release.
“Our Walmart + participants loved early access to our Black Friday events, so we were inspired to create an entire weekend dedicated to the best deals,” said Chris Cracchiola, senior vice president and general manager of Walmart. “Giving participants more of what they want, with exclusive, unprecedented savings like Black Friday, allows us to celebrate our participants in a new fun way.”
The mass trader turned to Jim Gaffigan, Ken Chong, Franco Escamila and Eliza Schlesinger to help promote the event by sharing their favorite suggestions.
To further encourage subscription to membership, consumers who visit one of the mass stores and become subscribers to Walmart + will receive a $ 20 discount on their next purchase.
Lush Cosmetics releases “Gay is OK” soap in support of Equality Florida
As LGBTQ Month of Honor approaches, Lush Cosmetics has released a golden and shiny bar of soap with the phrase “Hey, it’s okay.” according to a press release. The launch is a response to the controversial the law was passed in Floridawhich restricts lessons in classes on gender and sexual identitywhich many LGBTQ supporters called the “Don’t Talk About Gays” bill.
A bar of soap is available at all Lush Cosmetics stores in Florida and online to raise $ 50,000 for Equality Florida, a civil rights organization dedicated to ensuring full equality for the Florida LGBTQ community, according to the release.
“At Lush, we believe that the state is responsible for a safe and inclusive learning environment for all children, and the“ Don’t Tell Gays ”legislation does the opposite. At a time when young people need our support the most, she and those who love them have become a target, ”said Carlin Picard, ethics company at Lush Cosmetics.
Many retailers are announcing new launches and initiatives that benefit certain organizations in anticipation of the LGBTQ Pride Month in June. DTC is a brand of home goods Our place has released a set of rainbow mugs where 20% of net income will go to the LGBT Honor Center in Los Angeles. Levi’s clothing retailer released a Pride clothing collection and noted that they make an annual donation of $ 100,000 to OutRight Action International. In addition, 1-800 Flowers.com has released 14 curatorial Pride itemswhile 20% of net profit is donated by GLAAD.
Tabitha Brown makes everything colorful for Target
Target announced Tuesday he collaborated with influential social media figure, actress and New York Times bestseller Tabitha Brown on new time-limited collections.
Tabitha Brown for Target includes four collections to be presented next year with products such as food, utensils, accessories, for home and office, clothing and swimming. The first will appear June 11 online and in most stores and contains more than 75 items of clothing, swimming and accessories, most of which are less than $ 30. Sizes from XXS to 4X.
Brown has worked with Target on social media content for over two years.
“Tabitha Brown is known for being a beacon of positivity, making her the perfect partner to help Target continue to provide inspiring, inclusive and affordable style for everyone,” said Jill Sando, Target’s Director of Merchandising.
LoveSac collaborates with Disney +
As temperatures begin to rise, consumers are beginning to look for ways to overcome the heat this summer. If you’re like us, nothing compares to escaping to an icy movie theater on a hot hot day.
And thanks to Disney +, we may not even have to leave the house to get this movie theater.
This week announced a streaming service partnership with LoveSacfurniture brand DTC, known for its couches “Sactional”.
To help promote the new StealthTech Sound + Charge technology from LoveSac, which has built-in speakers, the company has teamed up with Disney + to revive “the benefits of the DTC product as soon as Disney + can power,” – said in a press release. companies. .
The partnership also coincides with the release of Disney’s “Chip and Dale: Rescue Rangers.”
Lovesac StealthTech was designed to bring cinema into the comfort of our customers ’homes, so we couldn’t be more excited to team up with Disney + to showcase our exciting surround sound technology in unison with Dale’s“ Chip ‘n” premiere : Rescue Rangers ”and future projects that offer the best viewing experience to families around the world,” Lovesac founder and CEO Sean Nelson said in a statement.
If only they could collaborate with Dijorne to get the ultimate movie viewing experience.
Gushers releases a limited series of sneakers in the metaworld
Taste the Gushers candy, but for your feet, finally here. The sticky candy brand General Mills Gushers announced on Tuesday that it is releasing limited edition sneakers in the metaworld. according to a press release. Virtual sneakers can be found in time ComplexEarth – virtual shopping from Streetwear Complex – from 25 to 27 May.
Participants of the virtual event will be given a special code that will help them unlock virtual sneakers and put it on their avatar. Those who find a winning code can also get a chance to win sneakers in real life.
“We wanted to give Gusher fans a new way to express themselves and their creativity with sneakers that only Gushers can inspire,” said Stephanie Lansing, brand experience manager at General Mills.
The shoes were designed by hand in collaboration with General Mills and the Italian design studio RAL7000STUDIO. The unique sneakers have a colorful Gushers gemstone shape filled with Gushers liquid on both sides, as well as a removable and clear Gushers patch that is also filled with Gushers liquid. If you’re hungry, wake up your shoes to treat yourself!
What else are we thinking about
Despite concerns about consumer sentiment, retail sales in the segments tracked by Retail Dive, continued to rise in April, an increase of 11.3% over last year and exceeded $ 225.5 billion. E-commerce sales rose 24.1%, even if it was discovered by Adobe inflation in online sales finally slowed down for a month.
The average sales hides some downturns in the industry. Three categories experiencing a pandemic boom fell in April: sales of furniture and household goods fell 0.5%, sporting goods 5.5% and electronics 4.1%.
Analysts are preparing for inflation and other problems at the macro level to affect the consumer, which may already be happening. This week, Wells Fargo economists wrote that “[i]Inevitably, if prices rise faster than wages, at some point will have to make difficult choices.
$ 1 billion
This is size haircut Target took on its operating profit from last year. This is a more than 43% decrease compared to the first quarter of 2021.
The figure, among other things in Target’s profits, has frightened analysts and the industry as retailers enter another period of volatility and uncertainty that is absolutely unique in its particular agglomeration of problems.
While retail sales generally grew, Target customers cut costs on some discretionary categories, including electronics, sporting goods, patio furniture and clothing. This helped reduce profits as the retailer decided to reduce slow-selling goods to free up space and upgrade stores.
On the other hand, Target’s costs have risen sharply, and rising fuel prices are exacerbating already high costs in the supply chain. The Retail’s chief operating officer said freight and transportation costs were in the hundreds of millions of dollars, which was above the already high expectations.
Most of this tracks are out Walmart was a disappointment, however too. Together, retail giants have found a consumer responding to rising gas and food prices, while the retailer’s own costs are growing faster than they can pass them on to consumers. Both Walmart and Target can also absorb some inflation in their own price base to take market share from competitors.
What we are watching
In the hunt for market share Kohl ponders pets, food categories
Kolya originally launched as a food chain in the Milwaukee area, but the company has long since moved away from the business. Now the department store, whose sales, profits and profits all received serious blows in the first quarter, may return to it, at least to some extent.
In an effort to expand its market share, Kohl’s is looking to enter new categories, This was reported to analysts by CEO Michelle Gus on Thursday. This may include a thriving pet market and even gourmet dishes, she said.
“We’re not going to ever be like a grocer on our own – or, well, never say never – but … you see retailers offering more of this packaged food, and that’s an area we’re also considering.” she said.
About ten years ago, Sears had the same idea, according to retail consultant Brian Kelly, who worked with Sears at the time. Right now an almost non-existent department store opened malls called “Sears Grand”. The stores also had a food service in the stores and there was such a “racetrack” layout common to Kohl’s, Kelly said in an email.
“The logic was that ‘one window,'” he said. “But it was a sad failure and hastened the end.”
https://www.retaildive.com/news/weekly-closeout-kohls-food-target-tabitha-brown/624108/ The Weekly Closeout: Kohl’s considers packaged products and Target partners with Tabitha Brown