Retail rumbles: Will the student loan decision affect your summer & holiday sales?

Welcome to the Retailist Roundup - your go-to spot for hot-off-the-press news, job opportunities and updates in ecommerce, retail, and DTC brands, brought to you directly from our editors.

We've sifted through the noise and picked out the most impactful headlines, cutting-edge trends, and audacious predictions from global retail leaders. Let’s dive in and see what caught our eye this week:

New from Retailist

From Kitchen to National Distribution: A Story of Growth with Mightylicious

Carolyn Haeler shares her remarkable success story which resulted in her cookies getting placed in Walmart, Costco, and Whole Foods.

Creators Are Becoming Co-Developers of the DTC Brands They Work With

In the world of retail, the past few years have marked an interesting shift in the Direct-to-Consumer (DTC) landscape. Creators, who were traditionally seen as influencers, are now donning the hat of co-developers.

Have an exclusive scoop on a retail story? Click here to email us.

In the News: This week’s top headlines

Retailers brace for hit to discretionary spending, holiday sales as Supreme Court nixes student loan forgiveness. The U.S. Supreme Court's decision to overturn the Biden administration’s student loan forgiveness plan in Biden v. Nebraska is expected to have a negative impact on discretionary spending, including holiday sales. Retailers are concerned that consumers will have less money to spend on non-essential items as they grapple with rising inflation and the cost of living. [Washington Post]

Kohl's rolls out small-format Sephora shops. Kohl's is expanding its partnership with Sephora by opening 900 small-format shops in Kohl's stores across the United States. The shops will be about 2,500 square feet and will offer a curated selection of Sephora's beauty products. [Albany Herald]

Dollar General expands board. Dollar General announced the appointment of David Rowland, former executive chairman of Accenture plc, to its board of directors effective Aug. 5. [Supermarket News]

BuyBuy Baby gets a bid from an unlikely source. BuyBuy Baby, a leading retailer of baby products, has received a $15.5 million offer from Dream on Me to purchase its IP. Bed Bath & Beyond is looking to sell BuyBuy Baby as part of a restructuring effort. [CNBC]

Shein denies report of filed IPO. Chinese fast-fashion giant Shein has denied a report that it has filed for an initial public offering. The report, which was published by the Financial Times, said that Shein was seeking a valuation of up to $100 billion. [Forbes]

Nike breaks $50 billion in revenue. Nike has reported record revenue of $50.3 billion for the fiscal year 2022. Despite this good news, some are wondering if the sneaker bubble is bursting. [Sportico]

Overstock.com rebrands to Bed Bath and Beyond. In a pivotal move to become an exclusive online destination for home furnishings, overstock.com has rebranded as Bed Bath & Beyond, marking the completion of its transformation to an “all home, all the time” brand. This strategic change, announced by CEO Jonathan Johnson, involved the acquisition of Bed Bath & Beyond's intellectual property assets, including its customer list and website domain, for $21.5 million. [Forbes]

Job Board: This week’s Top Openings in DTC, RetailTech, and more

Want to submit a role to our talent board? email us at [email protected]

• Senior Ruby Developer (Remote) PROFITERO – more here

• Director of Product Management (Remote) GOPUFF – more here

• Manager, Accounting (Greater NYC Area, NY or Remote) RESIDENT – more here

• VP, Digital RAG & BONE – more here

• Senior Manager, Growth (Offline Marketing) WARBY PARKER – more here

ABOUT RETAILIST

Retailist Magazine is an outlet focused on modern commerce as it relates to digital innovation. The publication examines our culture’s ever-evolving relationship with marketing, commerce and traditional retail. Our goal is to connect our audience to quality content and award programs for retail brands to tell their story of innovation. The publication was launched in Summer 2020 with overwhelming support from thought leaders across the globe.

These experts stand at the helm of their niche in retail and provide readers with real-time, trending insights to ensure you remain on the bleeding edge of commerce innovation. Contributing thought leaders include C-suite executives from Hubspot, Wix, Printful, Global-e, Zapaygo, TradeGala, Birdie, Inurface Media, and more.