Billy Reid will acquire Knot Standard’s DTC business. As part of the deal, the fashion retailer will take over the #DTC brand’s stores and start using its #AI -based made-to-measure software in all its locations.
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BNPL users are reporting problems with overspending and missed payments. Consumers are using buy now, pay later services to spread out their cash flow, according to a new Bankrate report. #BNPL
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Three months after acquiring a rival home goods retailer, Conn’s is focusing on consumer financing as a revenue driver. Conn's reported a total revenue of $366 million for Q4, up 9% from nearly $335 million year over year. #conns
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Levi’s tapped a Burberry veteran to lead its #DTC push. Gianluca Flore, who has also had leadership roles at Kering and Bottega Veneta, will oversee all of the denim brand’s selling channels globally. #levis

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This week on our closeout: PetSmart hosts a tattoo redo contest and Williams Sonoma announced a book tour with Ina Garten #theweeklycloseout
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Toy maker MGA Entertainment launched a #DTC website. The company aims to bring its top brands, including L.O.L. Surprise!, Little Tikes and Bratz, under one online storefront.
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Athletic Brewing collaborated with Walker Hayes for a new nonalcoholic beer. The country singer and brewing company partnered for the release of Fancy Like, named after Walker’s song of the same name. #DTC
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Qurate Retail Group promoted its CFO to an expanded role. Bill Wafford has taken on the additional position of chief administrative officer and will oversee the company’s transformation office. #quarte
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Shein is facing a class action lawsuit that alleges the fast-fashion company uses an “industrial-scale scheme of systematic, digital copyright infringement” against small designers and artists, according to court documents #Shein
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Rent the Runway beat expectations in Q4 and struck a note of confidence, saying its restructuring earlier this year wasn’t just about cuts. #renttherunway

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CEO Andy Jassy says #Amazon will deepen its investments in generative #AI Jassy described the tech as “the largest technology transformation since the cloud” or the internet, and said the company is “optimistic” it will be built on top of AWS.

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Jessica Alba will step down as chief creative officer of The Honest Company. The founder, who remains a board member, moves on as the brand’s leadership says recent turnaround efforts are working. #DTC
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Knix launched a mesh collection featuring its new global brand ambassador, Gabrielle Union. Knix’s latest innovation to bring “sexy” to leakproof underwear builds on the brand’s emphasis of inclusion, functionality and comfort. #DTC
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Ipsy is bringing on Patrick Starrr as its Icon Box curator for May. The makeup artist’s box includes products from his own brand, One/Size, as well as from Fenty Skin, Benefit Cosmetics and Kosas. #ipsy #DTC
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Continuing its influence among teenage consumers, 59% of the 6,020 teenage respondents in Piper Sandler’s 47th semi-annual Taking Stock with Teens #survey said that #Nike was their favorite footwear brand.
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Macy’s Inc. has added two people to its board who had been nominated by Arkhouse Management, which recently joined with Brigade Capital in offering $6.6 billion to acquire the department store. #macys
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Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans. #retailtheft
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Sèchey, a brand and nonalcoholic online marketplace, has expanded into nearly 700 Target stores. Brands now part of the big-box retailer’s assortment of alcohol alternatives include Kin Euphorics, Ghia, De Soi, Mingle, Free AF and Edna’s. #target #DTC
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Best Buy plans to incorporate generative AI. The tech will help with customer service, including troubleshooting product issues, managing software and rescheduling or combining order deliveries. #bestbuy #AI
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Allbirds received a warning from the Nasdaq Stock Market notifying the brand it is no longer in compliance with its listing rules. The brand’s stock traded at less than $1 for 30 consecutive days. #allbirds retaildive.com/news/allbirds-…