Morning Brew - ☕ Paw and order

The design behind Petco’s NYC flagship.
February 20, 2024

Retail Brew

Walmart Marketplace

It’s Tuesday, and the retail portion of earnings season is officially here. This is for Q4 results, of course, which means we’re still talking over the holiday season. What’s the consensus so far? Not bad, depending on who you ask…

In today’s edition:

—Andrew Adam Newman, Alex Vuocolo, Kristen Parisi

STORES

Pet project

An interior shot of Petco's New York flagship shows some of the store's tree sculptures. Petco

In 2023, the Petco in New York’s Union Square relocated to…Union Square. It moved just a block east, from the park’s northwest corner to its northeast corner, but when it comes to design, the store’s in another galaxy.

Visiting the old store, for example, you may not have noticed that it had a pet grooming department, tucked as it was in a corner of the basement. But enter the new store, which occupies the 95-year-old Tammany Hall building, and you can’t miss it: There it is, just to the left, looking like a classic New York barbershop. There’s a barber chair, black-and-white mosaic tile floors, and a gold-leaf sign painted on the window: “Ruff’s Barker Shop.”

A fluffy dog getting a summer cut can be adorable to behold, and that’s not lost on Petco.

“It’s not just dropping your dog off for grooming,” Rick Neira, VP of creative, visual merchandising, store design, and merchandise operations at Petco, told Retail Brew. “Now there’s theater in it.”

Keep reading here.—AAN

     

PRESENTED BY WALMART MARKETPLACE

The best time to grow is now

Walmart Marketplace

Reach millions of customers by selling on Walmart.com. You’ll be able to scale your business by streamlining fulfillment, advertising to millions, and automating pricing on a platform invested in your growth.

Right now, new sellers save up to 50% on referral and fulfillment fees when you sign up.

Learn more.

DTC

Redirection

Multicolored Crocs hanging on a wall rack in a store. Ucg/Getty Images

Crocs, Inc. just turned in strong quarterly earnings, despite its Heydude brand continuing to see declines in both wholesale and DTC revenue. For the company as a whole, DTC revenue increased 6.8% and wholesale fell 4.6% in the fourth quarter, but much of that decrease stemmed from Heydude’s losses.

  • The comfort footwear brand, which Crocs bought in 2022, saw wholesale revenue drop 28% in Q4 and DTC fall 9% compared to the year before.

The upside is that Crocs moved to make Heydude’s sales more profitable by pulling back on price matching, which involves lowering prices to keep up with competitors. As a result, the average sales price for e-commerce jumped 15%.

The company also shed a sizable amount of Heydude’s inventory in 2023, dropping 38% from last year and 6% from the third quarter.

Keep reading here.—AV

     

FOOD & BEV

Gaining accessibility

A close up image of a green Starbucks apron, with Starbucks spelled out in American sign language Starbucks

Starbucks is introducing new accessibility features that the company hopes will benefit disabled employees and patrons at its new US retail locations.

Starbucks unveiled its Inclusive Spaces Framework on Feb. 16 at the newly opened store in Washington, DC’s Union Market neighborhood, and will incorporate it into all new US locations going forward. The move is part of the company’s overall strategy to make its stores more accessible to employees and customers with disabilities.

Keep reading here on HR Brew.—KP

     

TOGETHER WITH LTK

LTK

Creators are the captains . Shopping is a unique journey for consumers these days. How to crush it? Embrace LTK’s latest national study insights. Their new white paper has all the deets on how creators can take consumers from discovery to purchase in fresh and novel ways. Let creators take the reins.

SWAPPING SKUS

Today’s top retail reads.

Big money merger: One of the country’s largest banks, Capital One, plans to acquire one of the largest credit card networks, Discover Financial Services, in a deal valued at $35.3 billion. (the New York Times)

Proxy fight: A proxy bottle is now underway at Macy’s, as private equity firm Arkhouse Management, which previously tried to buy out the struggling department store, nominates nine individuals to its board of directors. (Reuters)

Beer run: Hundred of Teamsters members staged a walk out at a Molson Coors brewery in Fort Worth, Texas, over the weekend, and the union is signaling that it plans a similar action at Anheuser-Busch InBev’s US breweries if a new deal isn’t reached by March. (Fox Business)

The best time to grow is now: Right now, new sellers save up to 50% on referral and fulfillment fees when you sign up. Learn more.*

*A message from our sponsor.

JOBS

Are you an exec looking to make your next career move or join a board of directors? We’ve partnered with ExecThread, where you can find thousands of confidential job opportunities and board roles that aren’t listed anywhere else. Join ExecThread for free.

SHARE THE BREW

Share Retail Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
retailbrew.com/r/?kid=303a04a9

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕ Credit card megadeal

Tuesday, February 20, 2024

The mankini that had all of Australia talking... February 20, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Infinity Fuel Good morning and welcome back to the short week! Heads up: While

☕ You’re an all star

Monday, February 19, 2024

How brands teamed up for NBA All-Star Weekend. February 19, 2024 Marketing Brew It's Monday. ChatGPT's parent company OpenAI debuted Sora, its AI text-to-video generator that creates extremely

☕ A touch of mass

Monday, February 19, 2024

Maesa's success in the mass market. February 19, 2024 Retail Brew As you mull over Presidents' Day sales, you may wonder if any of today's stores were open when Abraham Lincoln was alive.

☕ On the move

Monday, February 19, 2024

China's BYD mulls Mexico. February 19, 2024 Tech Brew PRESENTED BY Splunk It's Monday. BYD recently surpassed Tesla as the No. 1 seller of EVs. Now, reports indicate the Chinese automaker is

☕ Chatbot fail

Monday, February 19, 2024

Could Ukraine aid help the US economy? February 19, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY CardCritics Good morning. No one thought Jimmy Carter would be around to celebrate this

You Might Also Like

☕ AI: Drain or aid?

Friday, September 20, 2024

How AI impacts the grid. September 20, 2024 Tech Brew PRESENTED BY SVB It's Friday. And we're back with the third installment of our series about the problems and possibilities surrounding the

America's Nobel, Billionaire Exposé, and Fake Pandas

Friday, September 20, 2024

Facts, without motives. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Numlock News: September 20, 2024 • Smugglers, Beetles, Theaters

Friday, September 20, 2024

By Walt Hickey ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

A Daring Rescue, Stocks Soar, and a Woman Battles a Python

Friday, September 20, 2024

Traffic cameras captured the moment when a Michigan County Sheriff's deputy jumped into a moving vehicle to help a driver experiencing a medical emergency. You can see the dramatic rescue here. ͏ ‌

What the heck is Minion Jesus and why is it on my TikTok?

Friday, September 20, 2024

Plus: Why it feels like it's flooding everywhere, Ukraine's latest move, and more. Sept. 20, 2024 View in browser Laura Bullard is the senior fact-checker for the Today, Explained podcast,

Welcome to The Flyover

Friday, September 20, 2024

Thanks for joining The Flyover! ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏

☕️ Delivery breadsticks

Friday, September 20, 2024

There's a meltdown at 23andMe... September 20, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY BambooHR Good morning. Ahead of this MLB season, the Los Angeles Dodgers signed superstar

Torvalds weighs in on 'nasty' Rust vs C for Linux debate [Fri Sep 20 2024]

Friday, September 20, 2024

Hi The Register Subscriber | Log in The Register {* Daily Headlines *} 20 September 2024 Linus Torvalds chats on stage with Dirk Hohndel Torvalds weighs in on 'nasty' Rust vs C for Linux debate

How I Sleep: The Narcoleptic Napping in Her Prius

Friday, September 20, 2024

Plus: Lots of On running shoes are on sale at the moment. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate

Welcome to The Flyover

Thursday, September 19, 2024

Thanks for joining The Flyover! ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏