The Weekly Closeout: Cole Haan Drops Dandelion Shoes and Supergoop Lands Ulta

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

From Adidas introducing a huge new collection of sports bras to Peloton cutting its workforce by 20%, here’s our closeout of the week.

What you may have missed

Lululemon will provide mental health first aid training to its employees

Lululemon released this week its second world well-being reportwho assesses the feelings of the public on their physical, mental and social well-being. The company said its Global Wellbeing Index rose one percentage point to 66, thanks to better mental health coping strategies during the pandemic.

The report notes that 21% of the Gen Z population have high wellbeing, compared to 29% of the general population. Gen Z also experience higher levels of loneliness (53% vs. to 40% of the general population), according to the report.

Along with the report, Lululemon announced that it will make mental health first aid training available to all employees by 2023. “Starting with managers, the training will provide participants with tools to identify signs of emotional distress and connect them to appropriate resources,” the company said.

Ulta adds Supergoop to its lineup

Ulta announced this week that it has added sunscreen brand Supergoop to its assortment, both online and in stores nationwide.

“This launch marks the next phase of growth for the brand as it continues to prioritize its mission to make SPF available – and fun! – for everyone,” the brand said in the emailed details. at Retail Dive.

The deal with Ulta helps Supergoop expand its presence even further, especially offline. The DTC brand is already selling by Sephora, Nordstrom, Bluemercury, Anthropologie, Amazon and others.

This decision is also in line with Ulta’s mission to promote native digital brands.

Container Store slips below pandemic highs, but sales growth continues to top 2019

The Container Store reported on Tuesday third quarter net sales fell 3% at $267.3 million. But compared to 2019, sales were up nearly 17%, marking the third consecutive quarter of sales growth of at least 16% on a two-year stack.

Net income fell 30% year over year to $13.7 million, while gross margin fell 90 basis points to 57%.

CEO Satish Malhotra said the results exceeded expectations.

“We are particularly proud of the performance we achieved in custom closets and our general merchandise categories, growing 19.5% and 15.6%, respectively, over fiscal 2019,” Malhotra said. in a press release. “Our recent acquisition of Closet Works gives us the opportunity to meet growing consumer demand for custom closets, especially for high-end wood spaces with an expanded assortment.”

The company at the end of December reached an agreement to acquire Closet Works for $21.5 million.

retail therapy

smell my feet

cole haan launched this week its first sustainable shoe, called Generation Zerogrand II. The product has a FlowerFoam outsole, which contains at least 25% natural dandelion rubber, and helps absorb shock.

Courtesy of Cole Haan

The shoe also consists of, among other things, vegan microfiber suede, made from 21% recycled content, and reconstituted felt fabric made from 85% recycled plastic bottles. The laces are 100% recycled plastic bottles.

Additionally, all Cole Haan products labeled as sustainable will include a minimum of 25% natural or recycled content by weight.

Generation Zerogrand II is available on the company’s website and in select stores in the United States and around the world, and retails for $130.

Virtual Enlightenment is coming to Roblox

Lifestyle brand Alo Yoga has announced a partnership with Roblox to open up its virtual “Alo Sanctuary.” Visitors can travel to a computer-generated island on Roblox and receive a digital yoga mat to take home when attending meditation retreats and participating in daily on-demand yoga content.

Courtesy of Alo Yoga

“There are a wide variety of truly unexpected and inspiring experiences on Roblox for people of all ages, and now our community has a space to practice mindfulness and learn about the importance of meditation directly from people. top wellness experts,” Christina Wootton, vice president of global brand partnerships for Roblox, said in a statement.

If all this mediation makes you want to spend some money, Alo also has a fashion collection that you can buy on the platform. Products include a trucker hat, tank top, sweatshirt, leggings, socks, and Alo logo two-piece.

The company is also preparing to open its in-person IRL “wellness sanctuary” during New York Fashion Week, where it will offer daily mediation at 11:30 a.m. and 3:00 p.m. from February 12-14.

What we still think about

2022

It was then that Roland Auschel, head of global sales at Adidas, and Brian Grevy, head of global brands, both had to reach the end of their appointments to the board of directors of the athletics giant. Both have had their terms extended, with Auschel until 2024 (board member since 2013) and Grevy until 2028 (board member since 2020).

“Our long-term ‘Own the Game’ strategy has the consumer at heart. Both Roland and Brian play a key role in bringing this customer focus to life with their respective roles,” said Thomas Rabe, Chairman of the Supervisory Board, in a press release. declaration. “We are confident that they will continue the successful execution of our strategy with all management.”

72

That’s how many sizes Adidas now offers in its new SS22 bra collection, which also comes in 43 different styles.

The sportswear company said 90% of women don’t wear the right size sports bra, which can hamper sports performance, damage tissue and cause pain. The collection was developed in partnership with Joanna Wakefield-Scurr, a biomechanics researcher and head of the Breast Health Research Group at the University of Portsmouth in the UK.

“Unknown to many, athletes may need the same amount of chest support during brisk walking as they do during sprinting, and a lack of support can cause irreversible damage,” Wakefield-Scurr said in a statement. “Breast movement in sport continues to be a neglected area.”

what we watch

What’s next for the Peloton?

Connected fitness tech maker Peloton has been a pandemic success story. But 2022 has been a rough ride for the company, starting with the CNBC scoops it production stopped new cycles and treadmills due to lower demand and lower sales forecast for his new clothing line. This week, Peloton announced that it reduce its corporate workforce by 20% and bringing in a new CEO, a former Spotify executive, as it seeks to restructure for a market with less appetite for its products and services.

Amid the tumult, and with Peloton’s stock price well below its early pandemic highs, acquisition speculation is heating up, with some big name cast in the mix. Amazon, Nike and Lululemon have all been mentioned as possible suitors. The question is, is Peloton suitable for one of them?

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