DoorDash delivers Lowe's, Express teeters, and RIP Uber Drizly

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Image for article titled DoorDash delivers Lowe's, Express teeters, and RIP Uber Drizly: Retail news roundup — Graphic: Images: dean bertoncelj, Bloomberg, damann, LightRocket

Levi Strauss says baggy jeans are in. Foot Locker is yanking a page out of Adidas’ playbook. Ulta Beauty says it can jockey with Sephora — it just needs to figure out how.Meanwhile, Express could be on the cusp of bankruptcy, and Door Dash is calling on Lowe’s to sell home improvement goods for the first time. Check out those and more retail news highlights.

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Levi Strauss stock is popping because people can’t stop buying baggy jeans

Levi’s is still making waves. The jean company said direct-to-consumer sales show that women are buying more denim skirts, jumpsuits, and low-rise jeans, while men are buying more loose fitting jeans. Beyonce’s “Levii’s Jeans,” however, hasn’t contributed to a boost in sales.

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Foot Locker is taking a page out of Adidas’ playbook

Foot Locker has approximately 2,500 retail stores in 26 countries.

Foot Locker is pulling a page out of Adidas’s playbook with a new loyalty program it’s been pilot testing in Canada. The pilot proved to be exactly what the athletic apparel maker was “hoping to see.” Plans of a North America rollout could happen later this year.

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Ulta Beauty knows it needs new ideas to compete with Sephora, CEO says

Sephora’s success has Ulta Beauty’s CEO unsure how to compete.

Ulta Beauty wants to compete with Sephora, but it’s still trying to figure out how. Dave Kimbell, Ulta Beauty’s CEO said that’s still a work in progress. “We’re in the midst of that, so TBD.”

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Express could file for bankruptcy soon

The company has approximately 530 Express retail and Express Factory Outlet stores across the U.S. and Puerto Rico.

Retail company Express could be on the cusp of bankruptcy. However, those plans aren’t final and could change. The American fashion retailer has been blowing through money while trying to pay down its debt.

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RIP Drizly, Uber’s failed alcohol delivery service. Here’s what happened and what it means

Uber has closed the tab on its alcohol delivery app Drizly. Uber bought the company after it blew up to become the biggest online store for alcohol nationwide during pandemic.

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Home Depot’s $18 billion roofing company deal ‘is opening up a new customer for us,’ CFO says

Richard McPhail is Home Depot’s executive vice president and chief financial officer.

Home Depot’s purchase of roofing company SRS Distribution may be the building block it was missing to reach every type of home improvement person. The company forked out roughly $18 billion on the deal, making it its largest ever.

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DoorDash is bringing Lowe’s to your door

The partnership marks DoorDash’s initial attempt into the home improvement category.

DoorDash is getting into home goods for the first time. The delivery company has signed a new partnership with Lowe’s that will give customers the option to purchase Lowe’s products through DashPass, DoorDash’s membership program.

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PetSmart is revamping its loyalty program as Gen Z pet owners make more in-store visits

PetSmart is giving pet parents more options – so long as they spend a little more. The company is adding two new tiers, Bestie and Very Important Pet Parent (VIPP), to its Treats Rewards loyalty program.

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Salad maker Fresh Express ditched a million-dollar deal to acquire Dole’s vegetable business

Packaged salads account for $3.2 billion in spending by grocers and customers each year.

Salad kit maker Fresh Express is abandoning a $308 million deal to buy food company Dole’s vegetable business, the Justice Department said. The nixed deal comes even as the supermarket chains Kroger and Albertsons are trying to join forces.

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Walgreens can beat Amazon because its ‘human interface’ is so human, CEO says

Tim Wentworth joined Walgreens as CEO in October 2023. He was previously president of insurance company Cigna, working in its Evernorth division, one of the company’s pharmacy benefit-manager units.

Walgreens Boots Alliance CEO Tim Wentworth says a human connection will help the pharmacy giant go toe-to-toe with Amazon. Wentworth praised Amazon for its fast deliveries, but said Walgreens has the upper-hand when it comes to in-store customer service.

DoorDash delivers Lowe's, Express teeters, and RIP Uber Drizly: Retail news roundup

Plus, Levi Strauss leans on baggy jeans, and Ulta says it can rally against Sephora