Retail News

The Weekly Closeout: Roots CEO exits, the FTC zeroes in on price

Reported by Retail Dive, Retail Dive Staff on Oct 30, 11:56 AM ET

The chief executive stepped down following the outdoor retailer’s go-private deal. Meanwhile, the agency has been focused on how retailers set prices. 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 Brooks’ Q3 results to Aritzia’s five-year plan, here’s our closeout for the week. Roots has completed its go-private transaction, according to a Monday press release. The retailer entered into an agreement to be acquired by Marquee Brands in August.

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Retail DiveOct 30, 12:22 PM ET
Louis Vuitton merchant to lead Bergdorf Goodman
It’s full circle for Lanessa Elrod, who had previous stints at all three Exemplar Luxury Group banners — Bergdorf, Saks Fifth Avenue and Neiman Marcus. With this appointment, Bergdorf Goodman, which is celebrating its 125th anniversary this year, is signaling its dedication to continuity and institutional memory. Writing about her return on LinkedIn, Elrod called it “a deeply special full-circle moment.” In a statement, van Raemdonck said her return “marks an important step in advancing our strategic priorities and further strengthening Bergdorf's position as the pinnacle of luxury." Of Exemplar’s three full-line banners, Bergdorf largely stayed above the fray as…
Retail DiveOct 30, 12:05 PM ET
Amazon CEO says retail business is being slept on
Andy Jassy spoke in depth about AWS and AI during a Q3 earnings call, but reiterated the importance of the company’s store progress. Amazon’s online store net sales in the third quarter grew 2% year over year to $68.5 billion. The company’s physical store net sales increased at the same rate to $5.7 billion, according to a Thursday press release. CEO Andy Jassy — who spoke at length about Amazon Web Services and AI investments on an analyst call — thinks retail is still an important part of the broader business.
Retail DiveOct 30, 11:24 AM ET
Victoria’s Secret’s Pink leans into beauty with ‘Mini Bar’ collection
The Pink Mini Bar features collaborations with Vacation, Mario Badescu and Fazit and will have a dedicated section featuring the products in stores. The Pink beauty collection comes as Victoria’s Secret continues its rebound and leans into its strongest categories. For the second quarter of fiscal 2026, the lingerie giant posted a 10% year-over-year net sales gain to $1.6 billion , driven in part by the company’s Pink brands and its beauty business . The Mini Bar combines those two high-performing categories and expands Pink’s existing beauty line “beyond its core assortment,” the company said in its Wednesday release.
Retail DiveOct 29, 12:58 PM ET
Fanatics revamps outfit curation tool with OpenAI
A new version of the retailer’s Shop the Look tool generated 10% higher engagement in a pilot. Fanatics tapped OpenAI to underpin the digital infrastructure needed to revamp the Shop the Look tool. Following the retailer’s pilot of recommendations across about 30,000 MLB products, the OpenAI-supported tool has generated a 10% higher engagement than its previous version, the release noted. The Fanatics partnership is just the latest in a series of ventures OpenAI has worked on in recent months, aimed at courting consumers and retailers alike.
Retail DiveOct 29, 12:32 PM ET
Most consumers aren’t using AI for product discovery, yet
Retailers should consider the quality of their metadata to prepare for a predicted upswing in AI usage, new research finds. AI is an ascendent, if not yet commonplace, discovery channel for consumers, according the AlixPartners’ 2026 Consumer Sentiment Index. AI adoption varies by generation and income, but is still low across the board. The majority of consumers also said they aren’t ready to hand the actual purchase over to an AI agent. Despite this, the report predicts a forthcoming uptick in adoption, particularly for commoditized goods.
Retail DiveOct 29, 12:13 PM ET
Heydude wants to sell more in North America, but is unlikely to open new stores
The brand returned to growth in Q3 compared to its weak results last year, thanks largely to wholesale revenue from retail partners. Namesake Crocs is by far the bigger brand in this portfolio, but signs of life at struggling Heydude were capturing much of the attention Thursday. “The Heydude brand achieved its long-awaited return to growth in Q3,” Nikic said in a research note. On a call with analysts, Crocs CEO Andrew Rees said the “quarter marks an important inflection for the Heydude brand” and serves as an endorsement of the company’s three-pillar strategy.

More Retail News

Louis Vuitton merchant to lead Bergdorf Goodman

Amazon CEO says retail business is being slept on

Victoria’s Secret’s Pink leans into beauty with ‘Mini Bar’ collection

Fanatics revamps outfit curation tool with OpenAI

Most consumers aren’t using AI for product discovery, yet

Heydude wants to sell more in North America, but is unlikely to open new stores