Retail Dive

3 days ago | retaildive.com | Daphne Howland

This audio is auto-generated. Please let us know if you have feedback. Saks Global is shutting down a fulfillment center in Tennessee and laying off about 450 employees there, according to a WARN Notice filed with the state’s Department of Labor and Workforce Development last week. The department store conglomerate has downsized more than once in the last year or so, before and after parent HBC acquired Neiman Marcus Group in December for $2.7 billion.

6 days ago | retaildive.com | Howard Ruben

This audio is auto-generated. Please let us know if you have feedback. Private equity firms Kingswood Capital Management and Performance Investment Partners on Wednesday announced they’ve agreed to acquire The Vitamin Shoppe from Franchise Group. Franchise Group, which filed for Chapter 11 bankruptcy in November, is selling the Vitamin Shoppe for $193.5 million, Kingswood Capital Management confirmed to Retail Dive.

6 days ago | retaildive.com | Daphne Howland

This audio is auto-generated. Please let us know if you have feedback. In the face of waves of tariffs from the Trump administration, Etsy has some advice for customers and sellers alike, though it warned that the situation remains in flux. The global marketplace’s tariff exposure is mitigated somewhat by its resale sites, U.K. secondhand apparel site Depop and secondhand musical instrument site Reverb, according to Bank of America analysts.

6 days ago | retaildive.com | Jim Tyson

This audio is auto-generated. Please let us know if you have feedback. A policy of sweeping global tariffs enacted by the Trump administration has thrust the U.S. economy to the “precipice” of recession, Moody’s Chief Economist Mark Zandi said Thursday, putting odds of a downturn at 60%. “The U.S. is struggling under the weight of economic policy and, most specifically, global trade war,” Zandi said.

1 week ago | retaildive.com | Daphne Howland

This audio is auto-generated. Please let us know if you have feedback. Civil rights activist Rev. Al Sharpton and Target CEO Brian Cornell will meet this week, at the request of the retailer, his group, National Action Network, confirmed by email. In social media posts Sharpton said he is considering a boycott. Meanwhile, a 40-day “fast from spending any money at Target” launched in early March by an Atlanta pastor, Rev.