Local ShoppingThe Weekly Closeout: Petco swings to a loss and Ace Hardware plans...

The Weekly Closeout: Petco swings to a loss and Ace Hardware plans 170 stores this year

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It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week, and what we’re still thinking about.

From pumpkin spice’s return to retail, and Shein and Forever 21 making an unlikely duo, here’s our closeout for the week.

What you may have missed

Avocado Green opens ‘experience center’

DTC retailer Avocado Green Mattress opened a new store in Boulder, Colorado, according to a Monday press release. The “experience center” offers eco-luxury mattresses, furniture, loungewear, clean skin care and clean body products displayed throughout the store, according to the press release. 

Avocado Green Mattress experience store

Courtesy of Avocado Green Mattress


“We are extremely excited to be opening this new showroom,” Brett Thornton, Avocado Green Mattress vice president of retail said in a statement. “We’ve developed a unique shopping experience that is unlike anything in our industry. The Boulder space will carry on the same tradition of our other locations: an inspiring retail space where customers can relax and learn more about Avocado Green Brands.”

None of the employees at the store earn commission, a decision the company said means that, “guests have no pressure to buy.”

Mad Rabbit enters Walmart

Tattoo skin care brand Mad Rabbit has launched at Walmart, according to a company press release Thursday.

The brand will be available on the retailer’s website and roll out to nearly 2,000 Walmart stores, marking Mad Rabbit’s first launch into mass retail. 

“We are thrilled to launch at Walmart and are grateful that they believed in Mad Rabbit,” Oliver Zak, CEO of Mad Rabbit, said in a statement. “This collaboration will allow us to broaden our reach within the tattoo community, providing consumers with many points of purchase while also introducing new customers to the brand.”

The brand will sell seven of its products through Walmart, including its tattoo balm, soothing gel and numbing cream.

Petco swings to a loss in Q2

Petco on Thursday reported second-quarter net sales increased 3% year over year to $1.5 billion, while comparable sales grew 3.2% — the 19th consecutive quarter of comps growth. However, the retailer swung into the red, reporting a net loss of $14.6 million from a net profit of $13.5 million last year.

“With discretionary spending continuing to be pressured, we’re taking numerous strategic actions to strengthen our business, including initiatives to unlock a targeted $150 million in cost savings and productivity enhancements by the end of fiscal 2025,” CEO Ron Coughlin said in a statement. “These actions, combined with the enduring competitive advantages of our differentiated offering, will position us even better to deliver sustainable and profitable growth for the long term.”

The company lowered its full-year guidance. While Petco maintains expectations for net revenue between $6.15 billion and $6.275 billion, it now expects adjusted EBITDA to be between $460 million and $480 million and capital expenditures to be between $215 million and $225 million.

Retail Therapy

Krispy Kreme fetches pumpkin spice biscuits for dogs

A woman sits in the grass with a dog and holds up a donut and a dog biscuit.

Courtesy of Krispy Kreme


It’s almost September, and that can only mean one thing — pumpkin spice everything. But this year, Krispy Kreme is asking an important question: Where are all the pumpkin spice products for dogs and why weren’t they here sooner?

The doughnut maker has rolled out, for the first time in its glaze-filled history, a “Pup’kin Spice Doggie Doughnuts” biscuit collection in stores. Any pet-loving humans stocking up on pumpkin spice lattes and other fall-themed goodies can soon treat their dogs to a six-pack of handmade gourd-inspired biscuits, including Pup’kin Spice Maple Peanut and Pup’kin Spice Cheesecake Swirl.

The collection will be available Saturday to Thursday, if supplies last that long. Because while the dogs may not know the difference between a regular gourmet dog biscuit and a pumpkin spice dog biscuit, their humans certainly do — and Krispy Kreme is banking on them showing up for the unofficial signaling of the fall season.

“We know you love our Pumpkin Spice and now it’s time for dogs to get in on the action,” Global Chief Brand Officer Dave Skena said in a statement. “We’re pawsitive (groan) your dogs will love them.”

Hefty brings back pumpkin spice trash bags

The pumpkin spice products are rolling out earlier than ever and your trash bin can experience the same festive treatment.

Reynolds Consumer Products brand Hefty has released its limited-edition cinnamon pumpkin spice scented trash bags. The product is available for purchase at various retailers including Walmart and Target for about $5.99.

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