Retail News

The Weekly Closeout: Torrid CFO exits and Belk secures financing

Reported by Retail Dive, Retail Dive Staff on Oct 23, 11:56 AM ET

Paula Dempsey will leave the apparel retailer next month. The department store, meanwhile, will use some of its new funds for seasonal inventory. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week, and what we’re still thinking about. From the world’s largest cowboy hat to rising childcare costs, here’s our closeout for the week. Torrid Chief Financial Officer Paula Dempsey will exit to pursue a new opportunity, the apparel retailer announced Monday.

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Retail DiveOct 23, 12:19 PM ET
Lululemon adds former product chief to board
Tara Poseley, who led product at the athletics retailer from 2013 to 2015, is joining the board as part of the company’s agreement with founder Chip Wilson. Lululemon is bringing back its former product chief, Tara Poseley, as a board member. The industry veteran, who served as chief product officer at Lululemon from 2013 to 2015, joined the board Monday , according to a company press release. The appointment of Poseley is part of Lululemon’s settlement agreement with founder Chip Wilson earlier this year, after a long and public battle about leadership at the athletics brand.
Retail DiveOct 23, 12:08 PM ET
Etsy updates AI use policies to emphasize craftsmanship
While it’s implementing more AI, the online marketplace now requires at least one authentic, non-AI generated image in most seller listings. E-commerce marketplace Etsy is cracking down on AI use in product listings. Etsy now mandates that most listings include at least one unedited photo of the product against a real background, according to a company blog post Thursday outlining its updated policies. Functional guides — such as patterns, recipes and instructions — can no longer be AI-generated and must showcase real results made by using the guide.
Retail DiveOct 23, 12:08 PM ET
Macy’s revamps Santaland, brings back Holiday Square
The department store is leaning into the festive season at its Herald Square flagship in New York with a variety of activations. Macy’s is pulling out all the stops this year as it celebrates milestone anniversaries and recent revenue growth across its portfolio . Part of the store’s marketing strategy is a new campaign called “There’s Magic Inside.” The publicity campaign features gift recommendations, shopping guides and a series of commercials featuring actors Melissa Joan Hart and Adam Devine.
Retail DiveOct 23, 12:02 PM ET
Bath & Body Works introduces new store concept
The Feel Good concept is now open in Charlotte, North Carolina, and features easy navigation and enhanced testing experiences. The new Feel Good concept from Bath & Body Works is designed to encourage discovery and help shoppers engage with products in new ways. Consumer feedback shaped the store format. Easy navigation, clear information about product ingredients and benefits and an enhanced testing experience were all included to make Feel Good a “more contemporary expression of the Bath & Body Works brand,” according to the company.
Retail DiveOct 22, 12:34 PM ET
Beyond Yoga aims to have ‘many’ stores. They’ll probably be yellow.
CEO Nancy Green says the brand color is reflective of a broader focus on joy — and making progress over perfection. Beyond Yoga CEO Nancy Green has an easy answer when asked why the brand didn’t go for a permanent location for its recently opened New York store . “Oh we will,” she said of the pop-up location, which debuted in September and will stay open through January. “It's a great way to explore and to learn and sort of test out the area.
Retail DiveOct 22, 12:29 PM ET
David’s Bridal to spin off Pearl into stand-alone, publicly traded company
David’s Bridal CEO Kelly Cook is expected to become the chief executive of Pearl, which will own the wedding retailer’s intellectual property and brand. The separation of the retail operations of David’s Bridal from the AI-focused wedding planning and media platform Pearl will accelerate both entities, according to the company. The deal, which values Pearl at $350 million, anticipates $75 million in private investment in public equity funding, which includes a $25 million anchor investment from CION Investment Corporation, David’s Bridal’s largest shareholder. David’s Bridal will be a “material ongoing shareholder in Pearl,” according to the company.

More Retail News

Lululemon adds former product chief to board

Etsy updates AI use policies to emphasize craftsmanship

Macy’s revamps Santaland, brings back Holiday Square

Bath & Body Works introduces new store concept

Beyond Yoga aims to have ‘many’ stores. They’ll probably be yellow.

David’s Bridal to spin off Pearl into stand-alone, publicly traded company