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 LL Bean, an extended size, to Wetzel’s Pretzels, which opens at Macy’s store, here’s our closing for the week.
What you might have missed
Ulta is appointed to the former CEO of Sam’s Club
Some new faces are on Ulta’s board of directors. Kelly Garcia, executive vice president and chief technology officer of Domino’s Pizza join the beauty salon board, along with Gisele Ruiz, former executive vice president and chief operating officer of Sam’s Club. Both appointments took effect as of Wednesday, the company said in a press release.
Garcia has expertise in global e-commerce, loyalty and innovation, and Ruiz has held a variety of roles in operations and human resources, giving her expertise in cost optimization, real estate, in-store innovation and sustainability. Following the accession of Garcia and Ruiz, the Ulta Council will consist of 13 members, 54% of whom are women, 31% of whom are of racial nature and 38% of whom have joined within the last five years.
“We are pleased to welcome Kelly and Giselle to the Ulta Beauty family and are confident that their leadership and operational expertise in key, strategic areas will only strengthen our work,” said Mary Dylan, Ulta’s executive chairman (and former CEO). statement. “Ulta Beauty’s unique ideas and perspectives continue to drive the important work the company does to shape the way the world sees and feels beautiful, while beautifully reflecting the diverse guests we serve.”
Bombas can keep an eye on government markets
Bombas could become the next brand in digital format to go to the initial public offering. It is reported that the manufacturer of socks IPO study already this year, according to Bloomberg, citing unnamed sources.
If Bombas had conducted an IPO, it would have been in the company of several others DTC brands that have applied are becoming open last year, including Allbirds, Warby Parker and Rent the Runway. According to PitchBook, provided by Retail Dive, 40 brands that go directly to consumers have applied for IPOs in 2021.
Bombas is not only an online brand, but also mission-oriented and sustainably oriented (the brand advertises itself as certified corporation B), which makes it special a good candidate for public markets from the point of view of the investor.
Macy’s may be able to keep themselves together as Jana Partners reduces its stake
Pressure on Macy’s to separate their e-commerce operations from its brick and mortar there may be a weakening. Jana Partners, one of the firms seeking the department store to take the move in hopes of gaining value allegedly inherent in its online business, has thrown away most of its stake.
At the end of December, an activist of the investment firm held 760,780 shares of the retailer, according to filing with the Securities and Exchange Commission, well under more than 4.6 million shares was disclosed a few months ago.
Last October, Scott Ostfeld of Jana Partners said Macy’s should repeat the division of e-commerce and bricks that was recently completed in various HBC retail chains, including Saks Fifth Avenue. The firm then reported took a bet in retail, and began to communicate directly with Macy’s advice.
She probably cleaned up in her last transaction. Macy the stock price jumped once the world of investors heard that he was considering a maneuver. In fact, the department store has gone so far hire the same firm who worked with Saks Fifth Avenue on the creation complex network contractual arrangements required when splitting a multi-channel retailer into two.
LL Bean expands the sizes of clothes – and outfits
Another sign that the demand for more inclusive sizes is becoming harder to ignore, cult retailer LL Bean this week said that in response to customer inquiries, it now offers women’s clothing in sizes. From XS to 3X and from 2 to 26, as well as men’s sizes from S to XXXL in both normal and high proportions.
In a statement, Alex Introversato, LLBean’s vice president for men’s and women’s clothing, sportswear and hunting apparel, said it was “the most inclusive range of clothing” retailers and that it would continue to expand over time.
“We’ve heard from our customers that they want more from us: more styles, more colors, more prints and patterns and more sizes.” Intraversato said in a a blog post. “To give our customers what they want and need, we increase the number of styles in all sizes in all categories. After all, we are happy to provide the comfort, durability and weather protection needed by our customers to go outside more often.” .
This includes footwear and what may be the main difference for the brand, equipment such as sleeping bags, bags and snowshoes, “which will be.” The inclusive range is available online and through company catalogs. For those who can’t find what they’re looking for in stores, employees “can help customers place orders,” the company said.
Victoria’s Secret hires its first model with Down syndrome
Victoria’s Secret announced Monday the launch of Love Cloud, a collection of bras and panties, is the focus of comfort.
This is also the first time the retailer presents a model with Down syndrome that model Sofia Gira has confirmed in Post to Instagram regarding the company. The Puerto Rican model was held at New York Fashion Week in February 2020 for designer Marisa Santiago, and recently launched an awareness campaign for the Down Syndrome community.
Victoria’s Secret is working with a diverse group of models for Love Cloud to reflect its new “commitment to welcoming and celebrating all women,” the company said.
Hims & Hers continues to build a wholesale network in partnership with GNC
Hims & Hers is constantly increasing its physical presence by adding to the list of wholesale partners. This week the brand announced this collaborates with GNC sell your products in the seller’s stores and on his website. Hims & Hers hair care offers, which include 5% local Hers minoxidil foam and Hims Thick Fix shampoo and conditioner, are now available to GNC customers.
Hims & Hers is now available in more than 20,000 physical stores across the U.S. through partnerships with more than 12 retailers. The brand collaborates with retailers such as Walmart, The Vitamin Shoppe, Urban Outfitters and Walgreens.
“Our massive retail expansion is about building a reliable nationwide brand of health and wellness products,” said Melissa Baird, Chief Operating Officer of Hims & Hers. “Our partnership with GNC is a continuation of this strategy, and we are excited that consumers will have even easier access to our products.”
As a stylist, but for work
Staples on Thursday presented its Work From Home Style Squad – a group of creatives led by designer and builder Jasmine Roth – who will advise clients on how to renovate their home office using retail products and services.
The pandemic has pushed more people to work from home, and companies are considering remote work options. It looks like this trend may continue: 76% of workers report that their employer allows part-time work in the future, according to a Gallup survey cited by a retailer.
“Due to the fact that so many of our customers are hiring for longer-term work from home, Staples is constantly updating our range to make sure we offer new stylish products to offer them a complete home office solution,” said Marshall Varkentin. Chief Marketing Officer and Merchandising Officer Staples US Retail, the statement said.
Come for fashion, go with a pretzel
For anyone who is hungry for too long to walk around the mall, this one will come out to you. Sure, every mall has food courts where shoppers can stop to intercept, but what if you stayed at Macy’s for 45 minutes with no signs of leaving your companion?
Entrance: Wetzel’s pretzels, but Macy’s. Earlier this month, the fast food chain announced this open the kiosk inside Macy’s The South Coast Plaza store in California, calling it the beginning of a “special relationship” between the two companies.
“Food is an important part of our customers, and Macy’s South Coast Plaza is excited to open the first Wetzel’s Pretzels kiosk in our store,” said Adriana Queens, Macy’s South Coast Plaza store manager. “As we evolve to meet the changing needs of our customers, we are confident that Wetzel’s Pretzels will become a great partner, offering handmade happiness.”
Hopefully, customers keep this pocket happiness for themselves and don’t put it off on Macy’s merchandise while viewing.
What else are we thinking about
$ 400 million
This is a figure no how much Walmart spent on supply chains. That’s just how much more Walmart spent spending on supply chains in the fourth quarter compared to what management expected when the period began. The retail giant chartered ships, routed around ports, raised wages to supply chain workers and more so it could keep shelves.
It paid off for Walmart, s Comparative sales in the US grew by 5.6% in the 4th quarter. Walmart’s advertising business, which reached $ 2.1 billion in 2021, and another billion in membership revenue offset the cost of shipping goods in a world of backwardness.
The number of Sephora shop-in-shops bequeathed by Kohl open this year. California will receive the most new stores, 46 stores are planned, followed by Ohio (30), Texas (26) and Illinois (26).
The partnership, first announced in December 2020, is set to reach a total of 850 by 2023. Sephora at Kohl’s is an “breathtaking beauty” of 2,500 square feet, similar to the detached Sephora and has a select range. prestigious brands of makeup, skin care, hair and fragrances.
“Kohl’s rapid and widespread use of Sephora shows how much we believe in this partnership and make prestigious beauty more accessible to people around the world.” Doug Howe, Kohl’s chief merchandising director, the statement said. “We are excited to grow and give this sublime beauty experience to more existing and new Kohl customers this year.”
What we are watching
Retailers are unmasking
As the cases of COVID-19 are declining, both Walmart and Amazon repealed their disguise requirements for vaccinated employees where permitted by local regulations.
For the third year of the pandemic, retailers are operating in a complex backyard of federal, state and local regulations, not to mention heavy policies regarding pandemic mitigation policies. As always with a pandemic, nothing definite but uncertainty. It is worth noting Walmart earlier relinquished the mandate to mask the employee since the beginning of the COVID-19 crisis. With the arrival of the delta option last summer, the retailer asked its employees about it mask again.
https://www.retaildive.com/news/the-weekly-closeout-ulta-adds-former-sams-club-coo-to-board-and-retailers/619072/ Weekly Closing: Ulta Adds Former Club CEO Sam to Board and Retail Policy to Change Masks