International Growth for True Religion; The Container Store CEO Takes a Wage Reduction

International Growth for True Religion; The Container Store CEO Takes a Wage Reduction

Retail Rewind: The Week in Review

Take a peek at some of the retail happenings you might have missed this week, and our thoughts on the latest industry developments. From partnerships to promotions, here's your rundown:

Fresh Collabs

• Skechers x Doja Cat Takeover: Get ready to dance your way to style with the exciting new collaboration between Skechers and Artist-in-Residence, Doja Cat. launching its Doja'Lite sneakers on Thursday, September 15th on StockX. The design is inspired by Skechers’ D'Lites sneakers and is available in women’s sizes, while supplies last. Following the StockX drop, the entire collection will be available on Skechers' official website and select Skechers stores and retailers [1][2]. "Doja Cat is a fashion icon, and the perfect visionary to reimagine one of our most iconic Skechers styles in a way that is unique and forward-thinking," Skechers President Michael Greenberg said in a statement. Keep an eye out for more colorways and styles to launch online soon [5].

Management Shakes Up

• Ulta Beauty Rises: In a move that recognizes the continued impact of COO Kecia Steelman on the company's success, Ulta Beauty has announced that Steelman will now take on the additional role of company president. As CEO Dave Kimbell notes, Steelman brings valuable contributions in corporate strategy, store operations, supply chain, and company transformation efforts. Kimbell himself assumed the CEO role in 2021 and previously held positions as president, chief marketing, and merchandising officer [1].
• Tupperware's Accounting Shift: Effective mid-October, current Senior Vice President and CFO Madeline Otero of Tupperware Brands will be stepping down from her role. Despite initial concerns over dispute with management, the departure is not due to any disagreement. The company is working with a consultant to cover accounting functions until a replacement is found. The company is currently engaged in debt restructuring efforts to overcome operational and financial distress [3].

Buzzworthy Events

• Pringles Meets Caviar: For those who love the high-low mix of sultry snacks, a new partnership between Pringles and The Caviar Co. brings together chips and caviar in a limited-edition collection. Choose from various kits, like a $49 sour cream and onion and smoky trout roe pairing, or splurge on the $140 kit that features original, sour cream and onion, and barbeque flavored chips paired with white sturgeon caviar [4].

Chill Game Nights

• Costco Monopoly: Looking for a unique board game to liven up your game nights? Look no further than Costco's exclusive, custom-made Costco-themed Monopoly game. With 22 illustrations of store locations worldwide and custom tokens like a slice of pizza, hot dog, and a warehouse pallet holder, this game is a must-have for dedicated Costco fans [4].

Stay tuned for more retail updates, and check back next week to see what's on tap in the world of retail!

[1] PR Newswire, "Skechers Announces Launch of First Collection with Artist-in-Residence Doja Cat," Available at: https://www.prnewswire.com/news-releases/skechers-announces-launch-of-first-collection-with-artist-in-residence-doja-cat-301571618.html

[2] Footwear News (beforeitsnews), "Skechers Launches Collection with Doja Cat," Available at: https://www.beforeitsnews.com/entertainment/2022/09/skechers-launches-collection-with-doja-cat-2703435.html

[3] MarketWatch, "Tupperware chief accounting officer to resign as company focuses on debt restructuring," Available at: https://www.marketwatch.com/story/tupperware-chief-accounting-officer-to-resign-as-company-focuses-on-debt-restructuring-2022-09-19

[4] CNN, "The weirdest food pairings of the week: Ritz, spray paint, Guy Fieri, Gwyneth Paltrow and Pringles," Available at: https://www.cnn.com/2022/09/19/business/pringles-caviar-food-pairings-australia/index.html

[5] StockX, "Skechers x Doja Cat DojaLite Restock," Available at: https://stockx.com/skechers-x-doja-cat

1. The collaboration between Skechers and Doja Cat, launching on September 15th, promises to bring a unique twist to the D'Lites sneakers, with Design inspired by Skechers’ D'Lites sneakers and available in women’s sizes.
2. Ulta Beauty has announced a shake-up in its management structure, promoting COO Kecia Steelman to the role of company president, recognizing her valuable contributions in corporate strategy, store operations, and company transformation efforts.
3. Tupperware Brands is set for a change in leadership, as Senior Vice President and CFO Madeline Otero departs mid-October, with the company working with a consultant to cover accounting functions until a replacement is found.
4. For snack enthusiasts, a new partnership between Pringles and The Caviar Co. offers a unique taste experience, with kits featuring various chip and caviar pairings, such as sour cream and onion with smoky trout roe.
5. Costco's custom-made Monopoly game, complete with illustrations of store locations worldwide and unique tokens, provides an exclusive gaming experience for dedicated Costco fans.
6. In the world of finance, concerns about economic instability and inflation continue in the wake of the pandemic, prompting many to watch the markets closely and adjust their business strategies accordingly.
7. Amidst this uncertain financial landscape, policy makers and economists are exploring innovative strategies to stimulate economic growth, bolster labor markets, and ensure financial stability for both businesses and households.
8. The increasing integration of technology in various sectors, from healthcare to retail, has raised questions about privacy and security, spurring debates about AI regulations and the ethics of data collection.
9. The fashion industry, meanwhile, is grappling with the demands of shifting consumer preferences, fast fashion's environmental impact, and the drive for more sustainable practices in manufacturing and materials.
10. Global trade tensions and conflicts have contributed to instability in various markets, creating challenges for businesses involved in trade and trade negotiations.
11. As retail and e-commerce continue to evolve, traditional brick-and-mortar stores are adapting by incorporating technology to improve the shopping experience, displaying products more effectively, and implementing systems to facilitate online ordering and pickup.
12. On a lighter note, inspirational formats on TV and social media are showcasing both success stories and the struggles faced by entrepreneurs, offering a glimpse into the hard work, resilience, and creativity needed to thrive in today's challenging business landscape, all while encouraging viewers to embrace a lifestyle that emphasizes learning, growth, and self-improvement.

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