Melissa Daniels
Senior Reporter at Modern Retail
📝Professionally curious 👀 Reporter @modernretail 💻 Rust Belt raised ➡️ desert dweller☀️
Articles
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1 week ago |
modernretail.co | Melissa Daniels
Subscribe: Apple Podcasts • Spotify This week’s podcast starts with senior reporters Gabriela Barkho and Melissa Daniels getting into the news of the week. First, they look at the changes unfolding at Nike, which is returning to Amazon after six years off the marketplace. It’s part of the brand’s larger strategy to get back into more wholesale channels, while it is also rolling out price hikes on some of its higher-end items.
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2 weeks ago |
modernretail.co | Melissa Daniels
Subscribe: Apple Podcasts • Spotify This week’s podcast kicks off with senior reporters Gabriela Barkho and Melissa Daniels discussing Klarna’s latest earnings, which showed that a growing number of the BNPL service’s users are defaulting on their loans. In other news, Dockers and The Vitamin Shoppe were both acquired by respective companies. Levi Strauss announced the sale of khakis maker Dockers to Authentic Brands Group for $311 million.
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2 weeks ago |
modernretail.co | Melissa Daniels
Both Lowe’s and Home Depot reported earnings decreases for the first quarter this week, brought on by unfavorable spring weather and a shifting macroeconomic environment. But looking beyond total sales, the home improvement giants are positioning themselves to serve a growing appetite for DIY projects as homeowners look to hold on to equity and shave off costs.
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2 weeks ago |
modernretail.co | Melissa Daniels
Bob’s Discount Furniture is continuing on a growth spurt this year, with 20 new stores planned to open throughout 2025 as it looks to tap new regions. It is the fourth straight year of openings for the retailer, which is headquartered in Manchester, Connecticut, after opening 20 stores in 2022, seven in 2023, and 20 more last year. Chief Operating Officer Ramesh Murthy told Modern Retail the company aims to focus its expansion on new markets.
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2 weeks ago |
modernretail.co | Melissa Daniels
Spring and summer is a critical time for companies like Tractor Supply Company that see big business from outdoor equipment like grills, lawn mowers and yard tools. This year, though, colder temperatures hung around longer in the season in late March and early April. Easter was also held later, changing weekend and seasonal shopping habits. Both of these factors may have delayed demand for big-ticket items, as CEO Hal Lawton explained on the company’s most recent earnings call.
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