At Home Files for Bankruptcy as Arc'teryx Aims for $5B in Sales
At Home Depot, the home decor retailer, has filed for bankruptcy, while Arc'teryx aims for $5 billion in sales by 2030. Meanwhile, Spirit Halloween and Scrub Daddy have teamed up for limited edition costumes, and Muji has launched a new beauty range.
At Home Depot, struggling with the pandemic, supply chain issues, inflation, and tariffs, filed for bankruptcy in August. Despite closing stores, it maintains 229 locations. Real Simple launched an exclusive home collection at Home Depot, initially featuring 270 products, with more items set to roll out on Nov. 1.
Arc'teryx, under new CEO Stuart Haselden, plans to reach $5 billion in top-line sales by 2030, doubling its store count to 300. The retailer expects fewer seasonal hires in 2025, with only around 500,000 positions expected to be filled. Dick's Sporting Goods is building an executive team to lead Foot Locker following their merger. Michelle Wang has been appointed chief merchant of both Foot Locker and Kids Foot Locker. In a separate development, Spirit Halloween and Scrub Daddy have partnered for limited edition Scrub Daddy and Scrub Mommy costumes. Muji has also introduced its new beauty range, Booster, featuring 100% natural ingredients.
At Home Depot's bankruptcy and Arc'teryx's ambitious growth plans highlight the contrasting fortunes of retailers. Meanwhile, unique collaborations like Spirit Halloween and Scrub Daddy, and new product lines from Muji, showcase the industry's adaptability and innovation.
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