Nate Delesline III is a journalist who focuses on retail and global supply chain news. He writes for publications such as Retail Dive and Global Supply Chain News, and his work has also appeared in ZDNET. Nate's articles cover a wide range of topics including executive appointments, industry trends, and financial updates in the retail sector.
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According to the NRF, half of those with shopping to finish will do so online, while 37% will head to department stores.
By: Nate Delesline
Saks CEO Marc Metrick will lead the expanded company, while Chief Merchandising Officer Tracy Margolies will take over as Bergdorf Goodman's president.
The big and tall men's apparel retailer “would be far better served” as a private company, Fund 1 says.
In ‘a very difficult business,' retail store closings typically signal more about an individual company than the industry overall, one analyst says.
Both retailers and consumers used AI to enhance shopping experiences. But consumers have also returned 28% more merchandise than last year, according to Salesforce.
Michael Casey will step down after 15 years in the top spot, while Chief Financial and Operating Officer Richard Westenberger will lead in the interim.
AI feature adoption is reducing the need for physical try-ons, the company said. Dive Brief:
By: Nate Delesline
Companies face a multifaceted balancing act of controlling costs, stopping fraud and maintaining engagement and flexibility for customers.
Two longtime company veterans are retiring as part of the changes, which came as the retailer reported encouraging sales growth in the holiday season.
About 15,000 associates will occupy the new campus that includes collaborative work and gathering spaces, public retail, eateries and a hotel.
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