#SmallBusiness This audio is auto-generated. Please let us know if you have feedback. WASHINGTON, D.C. — As the world marks four years since the onset of the COVID-19 pandemic, fashion executives have become all too acquainted with vol...
Friday, April 5, 2024
Monday, March 25, 2024
Flexing for the planet: How Walmart crushed its supplier emissions target
#SmallBusiness This audio is auto-generated. Please let us know if you have feedback. With over 100,000 suppliers, the scale of Walmart’s supply chain is mind-boggling. And so when the world’s largest retailer takes on a supply chain in...
Friday, March 1, 2024
As Macy’s and others close stores, TJX is picking up the supplier base
#SmallBusiness This audio is auto-generated. Please let us know if you have feedback. Dive Brief: As retailers like Macy’s continue shrinking their physical footprints, off-price retailer TJX Cos. expects to deepen its relationship wit...
Wednesday, February 21, 2024
Under Armour inventory ticks closer to normal as freight, supply costs fall
#SmallBusiness Dive Brief: Under Armour is closing in on a “normalized” inventory position, with levels down 9% year over year to $1.1 billion in its most recent reporting period, CFO Dave Bergman told analysts earlier in February. Inventory...
Monday, November 20, 2023
After months in limbo, some products from bankrupt Mitchell Gold may finally reach customers
#SmallBusiness A federal judge on Wednesday signed off on a plan that would give many customers of the bankrupt furniture company Mitchell Gold Co. the option to receive products that have been tied up in supply chain limbo for months. The agre...
Monday, November 13, 2023
Party City-owned balloon supplier files for bankruptcy
#SmallBusiness This audio is auto-generated. Please let us know if you have feedback. Balloon manufacturer Anagram filed for bankruptcy Wednesday amid uncertainty around its supply agreement with its corporate owner, Party City. The retai...
Friday, May 5, 2023
Bed Bath & Beyond owes over $95M to these 14 vendors in its supply chain
#SmallBusiness When Bed Bath & Beyond filed for bankruptcy late last month, the retailer lacked the means to keep its shelves stocked while making its loan payments. That liquidity crisis followed months of supply chain struggles ultimately ti...
Thursday, April 27, 2023
How Bed Bath & Beyond lost its suppliers’ trust, and doomed itself
#SmallBusiness In the story of Bed Bath & Beyond’s bankruptcy, which hit the court docket Sunday after months of speculation, the retailer’s suppliers and supply chain play leading roles. The company is in Chapter 11 today partly because it co...
Tuesday, April 25, 2023
Amazon targets counterfeits with new information-sharing exchange
#SmallBusiness Dive Brief: Amazon unveiled a new information-sharing platform Thursday aimed at helping retailers track counterfeiters and stop sales of online fakes. Dubbed the Anti-Counterfeiting Exchange (ACX), the e-commerce giant describe...
Thursday, March 16, 2023
Why Funko is destroying at least $30M worth of toys
#SmallBusiness Dive Brief: Funko is in the process of destroying between $30 million and $36 million worth of inventory after surplus stocks strained its fulfillment network and ratcheted up operating costs. The maker of toys and collectibles ...
Monday, March 13, 2023
How Overstock is wooing new suppliers and weathering retail’s inventory torrent
#SmallBusiness This audio is auto-generated. Please let us know if you have feedback. Despite its namesake, inventory excess isn’t really a problem at Overstock.com. That’s for the simple reason that the online home goods retailer doesn’t...
Wednesday, March 8, 2023
Disciplined inventory management helped Macy’s weather tough 2022
#SmallBusiness Dive Brief: Inventory management has become an advantage for Macy’s even in a tough retail environment, according to analysts and company executives. Macy’s CFO Adrian Mitchell pointed to inventory productivity as a “value creat...
Tuesday, March 7, 2023
Kohl’s shrinks inventory position after ‘out of control’ levels in 2022
#SmallBusiness Dive Brief: Kohl’s is revamping how it manages its inventory after net sales fell more than 7% in FY2022 and margins shrunk by nearly five percentage points. The discount department store chain is committed to shrinking its inve...
Friday, March 3, 2023
TJX sees buying opportunities as retail sector falters
#SmallBusiness Dive Brief: An influx of high-quality inventory at off-price giant TJX Cos. helped push the retailer’s comparable sales up 4% in Q4. On a call with analysts, CEO and President Ernie Herrman noted that top-line struggles of e-com...
Monday, February 27, 2023
As inflation wears on, should retailers push back on supplier costs?
#SmallBusiness This audio is auto-generated. Please let us know if you have feedback. The year 2021 was a short-lived golden age for retailers. Consumer demand came roaring back from its pandemic lows with such ferocity that many were abl...
Thursday, February 23, 2023
Ikea’s climate footprint shrinks as it rapidly switches to renewables
#SmallBusiness Dive Brief: With much of its operations using renewable energy, Ikea is eyeing changes to its materials strategy as it works to further decrease its greenhouse gas emissions. The Swedish furniture giant said its emissions in FY ...
Monday, February 13, 2023
Retailers join $950M commitment to Central America sourcing
#SmallBusiness The White House unveiled a $950 million round of investments by private sector players in Central America sourcing, infrastructure and businesses. The latest investments bring the total to $4.2 billion since the May 2021 launch o...
Thursday, February 9, 2023
Lululemon looks to increase supplier diversity for corporate buying
#SmallBusiness Lululemon launched a program to increase supplier diversity in its non-merchandise purchasing operations. The program will take a “phased approached” and begin with a focus on U.S.-based firms certified as 51% or more owned and ...
Monday, January 30, 2023
Risky business: How suppliers defend themselves against retail bankruptcies
#SmallBusiness As consumer demand slows, the return of high-profile retailers in financial distress is a reminder of how vital trade credit is to the health and even viability of many store chains. It also shines a light on the financial threat...
Friday, December 9, 2022
Shein to invest $15M in supplier factories
#SmallBusiness Dive Brief: Fast fashion giant Shein plans to spend $15 million over the next three or four years to upgrade hundreds of factories in its supply chain as part of its responsible sourcing program. The money will go toward “physic...