Dollar General to grow staffing with $100M investment | Reebok jumps into partnerships with Macy's, Foot Locker | Designer Brands bets on owned brands to drive growth
Dollar General will focus on boosting in-store shopping experience and growing market share with a $100 million investment that will be focused largely on growing staffing levels, CEO Jeff Owen said. Sales at the discount retailer during the quarter ended Feb. 3 rose 17.9%, and the company expects sales to continue to grow as inflation-weary consumers seek bargains.
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Macy's and Reebok have partnered on a line of men's and women's activewear including joggers, sports bras and jackets ranging in price from $25 to $85, which will be sold exclusively at Macy's. Reebok, which was acquired by Authentic Brands in 2021, has been inking partnerships with other retailers including Foot Locker and a deal with international retailer JD Group will put Reebok's products into about 3,000 stores.
DSW parent Designer Brands aims to generate one-third of its total revenue from owned brands by 2026, up from 23% in the most recent quarter ending Jan. 28, while also maintaining strong relationships with brands including Crocs and Birkenstock, President and incoming CEO Doug Howe said. Sales of owned brands, which include both brands the company owns and those it licenses, grew 32.1% in fiscal 2022.
Destination XL Group is working to change the perception that men's big and tall offerings should be a mere section of the store, CEO Harvey Kanter said. Fourth-quarter sales at physical stores rose 13.2% and direct business increased 6.2% as the company saw "sustained progress" from a strategy that calls for exclusive styles to make up more than 80% of the merchandise mix.
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Retailers are prioritizing sustainable packaging with Walmart offering paper-based refill cartons from Cleancult in more than 3,000 stores, and the retail giant also partners with TerraCycle to offer recycling for plastic packaging. Target indicates products on its shelves that are designed to be refillable, reusable or compostable, and Meijer offers recycling for plastic flower pots and trays in its garden centers.
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The pandemic brought about seismic shifts in the way consumers live, work and spend, spurring unprecedented retail demand and accelerating innovation. But just three years after the onset of COVID-induced shutdowns, retail sales appear to be headed back toward historical growth rates. Learn if 2023 is set to be a replay of pre-pandemic norms on March 29 at 12 p.m. ET when you register for NRF's virtual State of Retail & the Consumer event.
In a year filled with inventory struggles, unpredictable supply chains, labor issues and continued impacts of the pandemic, Walmart stands as the No. 1 retailer on the 2023 Top 50 Global Retailers list followed by Amazon. The rankings, produced by Kantar and NRF, compile the 50 most impactful international retailers based on their operations from the start of 2022 and reflect the revenue of the most dominant players in the global retail industry. Learn more.
Del Taco has partnered with the Boston Beer Co. to upgrade the beer used in the batter for its crispy fish tacos to Samuel Adams Boston Lager. The Del Taco Beer Battered Crispy Fish Tacos come in two flavors -- original and habanero -- and the switch to a premium beer is part of the chain's ongoing brand promise of Del Taco Better Mex.
