Off-price retailers continued to press their foot traffic advantage over department stores in Q1 2026, picking up 65.7% of combined visit share. In the category, Ross Dress for Less exhibited the most strength, with TJ Maxx and Marshalls showing signs of recent pullback (more).

Lululemon is fighting back against activist founder Chip Wilson, with the latter attempting to engage in an ongoing proxy battle with the athleticwear retailer. Lululemon urged its shareholders to support its three board candidates versus Wilson’s, stating that Wilson has “outdated perspectives” and “troubling conflicts of interest” that could hamper its turnaround goals (more).

Target is now facing pressure from activist investors regarding two seats on its board. A group comprised of Mercy Investment Services, SOC Investment Group, and Trillium Asset Management urged shareholders to vote against re-seating former CEO and current executive chair Brian Cornell, as well as lead independent director Christine Leahy (more).

Shein is poised to acquire DTC basics brand Everlane in a deal worth ~$100 million, according to Puck. Early reports indicate that common stock shareholders will receive no payout, while details on those holding preferred stock remain scant at this point in time (more).

QuikTrip has now launched its latest Generation 4 convenience store remodel near its home base in Tulsa, with Wichita, Kansas and Joplin, Missouri also seeing new locations adopt the layout. “Gen 4 shows what happens when you design around the people who know our customers best and give them the tools to serve them even better,” QuikTrip Corporate Communications Manager Aisha Jefferson said (more).