Saks Global slashes 16% of its corporate workforce. The downsizing comes amid the luxury retailer’s bankruptcy and leaves it to focus resources “toward critical capabilities that will drive profitable, sustainable growth,” a spokesperson said Thursday. April 28, 2026 by
Wayfair touts market share gains in retail’s toughest category. The home goods retailer also posted a healthy Q1 sales increase, but its struggles with profitability continued as net loss barely budged. April 27, 2026 by
Purple taps former La-Z-Boy exec as CFO. The mattress company also reported a miss on Q1 revenue and decreased its full-year outlook due to an accounting adjustment. April 25, 2026 by
Bed Bath & Beyond CEO: AI will lead to ‘significant reduction in headcount’. Areas impacted at the retailer could include supply chain, IT, accounting, marketing and merchandising, Marcus Lemonis told analysts Monday. June 15, 2026April 24, 2026 by
Can Bed Bath & Beyond’s Bilt partnership simplify its experience? The move could offer the retailer a way to make its complex collection of brands more coherent, but it falls on Bed Bath & Beyond to do the heavy lifting. April 23, 2026 by
Bankruptcy court, citing Saks Global’s merchandising woes, approves $500M in exit financing. Judge Alfredo Perez on Friday approved the plan, paving the way for the luxury retailer to start fresh with vendors – and customers. June 15, 2026April 22, 2026 by Estefania Feerman
Retailers could close more than 40K stores in the next 5 years. Tariffs and immigration policies are weighing on the industry and could drive even more closures, UBS analysts found. April 21, 2026 by
Nike cuts 1,400 jobs across tech, operations. The majority of the layoffs are in the activewear giant’s tech department as it consolidates its footprint and leans into automation. April 20, 2026 by
Bed Bath & Beyond will operate stores in California after all. The company will run a dozen combined The Container Store and Bed Bath & Beyond store formats in the state, despite Marcus Lemonis’ previous stance. April 19, 2026 by
Why Academy Sports & Outdoors is going against the grain with store openings. Executives touted the retailer’s “outside-in” strategy for new locations, which prioritizes markets that are further away from big cities – and big competitors. April 18, 2026 by
