--- title: Traub Weekly Consumer News // November 28, 2023 description: Here's our weekly roundup of recent consumer and retail news. This week, empty Bed Bath & Beyond stores are hot real estate, Allbirds begins selling on Amazon, and more.  image: https://www.glossy.co/wp-content/uploads/sites/4/2023/11/100_Dip_23-11-25_NY-Madison.jpg?w=1140 --- [![logo-vert-traub (2)](https://blog.traub.io/hs-fs/hubfs/TRAUB_September2019/Image/logo-vert-traub%20(2).png?width=456&height=312&name=logo-vert-traub%20(2).png "logo-vert-traub (2)")](http://traub.io/) - [Who We Are](https://www.traub.io/who-we-are/) - [What We Do](https://www.traub.io/what-we-do/) - [Meet Our Team](https://www.traub.io/our-team/) - [See Our Work](https://www.traub.io/case-studies/) - [Read Our Content](https://www.traub.io/read-our-content/) - [Traub Capital](https://www.traub-capital.com/) # Traub Weekly News Roundup // November 28, 2023 By [TRAUB](https://blog.traub.io/blog/author/traub) On November 28, 2023 [![Share on facebook](https://cdn2.hubspot.net/hub/3275719/hubfs/hs_marketplace_assets/modules/Social_Sharing/81/facebook-color.png?width=24&name=facebook-color.png)](https://blog.traub.io/blog/linkedin.com/company/traub-consulting) [![Share on linkedin](https://cdn2.hubspot.net/hub/3275719/hubfs/hs_marketplace_assets/modules/Social_Sharing/81/linkedin-color.png?width=24&name=linkedin-color.png)](https://www.linkedin.com/company/traub-consulting/) [![Share on email](https://cdn2.hubspot.net/hub/3275719/hubfs/hs_marketplace_assets/modules/Social_Sharing/81/email-color.png?width=24&name=email-color.png)](mailto:info@traub.io) Here's our weekly roundup of recent consumer and retail news. This week, empty Bed Bath & Beyond stores are hot real estate, Allbirds begins selling on Amazon, and more.  --- **WORDS FOR THE WEEK** ![IMG_0257](https://blog.traub.io/hs-fs/hubfs/IMG_0257.jpg?width=320&height=316&name=IMG_0257.jpg) For more inspiration, visit @dailystoic and @dailyphilosopher on Instagram.    **M&A, INVESTMENTS and IPOs** - Fast-fashion giant Shein reportedly has filed for IPO [MarketWatch](https://www.marketwatch.com/story/fast-fashion-giant-shein-files-for-ipo-wsj-reports-d6ff3291) - Temperley London Sells Majority Stake to Dubai-based Times Square Group LLC [WWD](https://wwd.com/business-news/financial/temperley-london-sells-majority-stake-dubai-times-square-group-1235958457/) - Reddit Leads Class of 2024 IPO Candidates Testing the Water [Bloomberg](https://www.bloomberg.com/news/articles/2023-11-27/reddit-leads-class-of-2024-us-ipo-candidates-testing-the-water#xj4y7vzkg)   ## **INDUSTRY NEWS** **CPG & RETAIL** Allbirds begins selling on Amazon The sustainability-focused brand expands its sales channels amid a company-wide transformation effort focused on improving profitability. [Retail Dive](https://www.retaildive.com/news/allbirds-begins-selling-on-amazon-dtc/700694/)   ![](https://www.glossy.co/wp-content/uploads/sites/4/2023/11/100_Dip_23-11-25_NY-Madison.jpg?w=1140) Diptyque opens Madison Ave. flagship ahead of the holidays On December 1, Diptyque Paris will open a new 2,100-square-foot two-story flagship store on Madison Avenue in New York City, kicking off the holiday season. [Glossy](https://www.glossy.co/beauty/diptyque-opens-madison-ave-flagship-ahead-of-the-holidays/)   Physical stores could be the next frontier for retail media networks In-store media is a small slice of retail media spending, but larger brick-and-mortar audiences present a major opportunity for retailers. [Retail Brew](https://www.retailbrew.com/stories/2023/11/21/physical-stores-retail-media-networks)   Empty Bed Bath & Beyond stores are hot real estate After the closing of its business, Bed Bath & Beyond locations that have been abandoned are now being claimed and transformed by other companies. [CNN](https://www.cnn.com/2023/11/25/business/empty-bed-bath-and-beyond-stores-are-hot-real-estate-heres-whos-moving-in/index.html)   Don’t Be Fooled by a Robust Black Friday Weekend Consumer spending over Thanksgiving Weekend may have exceeded expectations, but shoppers are stretching their wallets too thin, analysts say. [BoF](https://www.businessoffashion.com/articles/retail/black-friday-thanksgiving-sales-2023/)   Buybuy Baby Is Back—and Opening Stores Again The retailer is starting over after the bankruptcy of former parent Bed Bath & Beyond. [WSJ](https://www.wsj.com/business/retail/buybuy-baby-comeback-bets-expectant-parents-want-to-shop-in-stores-dd4602c0?mod=business_lead_pos5)   Why grocers are experimenting with sensory-friendly shopping experiences Retailers have been experimenting with ways to make in-store shopping more pleasant for shoppers, either by remodeling stores or updating the store layout. [Modern Retail](https://www.modernretail.co/operations/why-grocers-are-experimenting-with-sensory-friendly-shopping-experiences/)   ![Illustration of a shopping cart full of giant check marks](https://images.axios.com/RisWWrM_S1WlLiguxB8-yqhSIHA=/0x0:1920x1080/1920x1080/2023/11/28/1701137571388.jpg?w=1920) Cyber Monday spending hits all-time record Americans rang up $12.4 billion worth of online purchases, up 9.6% from last year. [Axios](https://www.axios.com/2023/11/28/cyber-monday-spending-record-shopping)   LVMH-backed Madhappy Takes the Wraps Off First Permanent West Hollywood Store The L.A. brand has spent six years opening more than 20 pop-up stores around the country, preparing for this moment. [WWD](https://wwd.com/business-news/retail/madhappy-lvmh-backed-opens-first-permanent-store-west-hollywood-peiman-raf-1235958437/)   Nordstrom pushes Rack expansion as full-line fleet contracts Analysts question the emerging dependence on an off-price business that is struggling to compete in an otherwise thriving segment. [Retail Dive](https://www.retaildive.com/news/nordstrom-Q3-declines-off-price-rack-expansion-full-line-store-closed/700543/)     **EXPERIENCES, RESTAURANTS & HOSPITALITY** Consumers Splurge Even as Savings Fall A group of US consumers has surprised companies and economists by splurging on Taylor Swift concerts, trips to Paris and dining out — even as their savings decline. [Time](https://time.com/6339410/yolo-consumers-splurge-savings-fall/)   Inflation is still on the menu at McDonald's and other fast-food chains. The harsh inflation that's battered consumers in the pandemic's wake may be subsiding, but that trend isn't yet extending to fast-food chains, which have continued to hike menu prices at a faster clip than inflation overall as well as at the grocery store. [CBS](https://www.cbsnews.com/news/fast-food-inflation-2023-why-it-is-high-mcdonalds-prices/)     COMINGS & GOINGS - Sam Altman Is Reinstated as OpenAI’s Chief Executive [NYT](https://www.nytimes.com/2023/11/22/technology/openai-sam-altman-returns.html) - Antoine Arnault to Relinquish CEO Role at Berluti [WWD](https://wwd.com/fashion-news/designer-luxury/new-berluti-ceo-antoine-arnault-mansvelt-1235938422/) - Binance CEO Steps Down After $4 Billion DOJ Settlement [NBC](https://www.nbcnews.com/tech/tech-news/binance-ceo-steps-crypto-platform-hit-4-billion-fines-rcna126071) - Blackstone Executive Spins Out Brand Group, Hires Ex-J. Crew President Jenna Lyons[Bloomberg](https://www.bloomberg.com/news/articles/2023-11-27/blackstone-s-jonny-bauer-spins-out-brand-arm-hires-jenna-lyons#xj4y7vzkg) - Amandine Ohayon Named CEO of Stella McCartney [BoF](https://www.businessoffashion.com/news/luxury/amandine-ohayon-named-ceo-of-stella-mccartney/) - Vanessa Kingori to Exit Condé Nast, Join Google [BoF](https://www.businessoffashion.com/articles/media/vanessa-kingori-to-exit-conde-nast-join-google/) - Macy’s Names Sharon Otterman Chief Marketing Officer [WWD](https://wwd.com/business-news/retail/macys-names-sharon-otterman-as-chief-marketing-officer-1235959882/) - Former NBCUniversal Chief in Talks to Join Private-Equity Firm RedBird Capital Partners [WSJ](https://www.wsj.com/business/media/former-nbcuniversal-chief-executive-jeff-shellin-advanced-talksto-join-private-equity-firm-4b712e7b?mod=business_lead_pos4) - Genesco Taps Foot Locker Exec as Journeys Group President [SGB Media](https://sgbonline.com/genesco-names-new-president-of-the-journeys-group/)   GOOD READS  - It’s the Most Wonderful Time of the Year (for the Economy) [NYT](https://www.nytimes.com/interactive/2023/11/22/business/economy/holiday-economy.html) - Ozempic and Wegovy have upended the diet industry. So why is the WeightWatchers CEO betting the company’s future on them? [CNN](https://www.cnn.com/2023/11/28/business/sima-sistani-risk-taker/index.html) ### Subscribe Here! 477 Madison Avenue, 18th Floor New York, NY 10022 (646) 723-2990 [info@traub.io](mailto:info@traub.io) ![TRAUB](https://blog.traub.io/hubfs/TRAUB_September2019/Image/traub-logo.png) - [Who We Are](http://traub.io/who-we-are/) - [What We Do](http://traub.io/what-we-do/) - [Meet Our Team](http://traub.io/our-team/) - [See Our Work](http://traub.io/case-studies/) - [Read Our Content](http://traub.io/read-our-content/) - [Traub Capital](https://www.traub-capital.com/) Traub © 2023