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A Metaverse Action Prep Plan for Brands

Retail TouchPoints

A Metaverse Preparedness Action Plan. My recommendation is to get this plan done this year. According to a new article by CNBC , “Some experts say it may only take one or two killer apps for the metaverse to boost VR use from a mere 5% of teens to a big market.”. Craft your data plan. Have a measurement plan.

Planning 266
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Eataly set for global expansion after $300 million cash injection

Inside Retail

Investindustrial said its investment will allow Eataly to retire debt and maximise financial flexibility to fund Eataly’s global expansion plans. The family of the founder, Oscar Farinetti, and other shareholders will maintain the minority 48 per cent stake. This year it anticipates turning over around $450 million.

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What the bankruptcy of biotech darling Amyris means for the beauty industry

Inside Retail

Reliance on online marketing to drive gross sales has a non-win outcome, given the high cost ratio of clicks to product value that, pre-Covid, made sense but now isn’t as viable,” Widdison added.

Consumer 130
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Prada hires former Luxottica chief Andrea Guerra as new CEO

Inside Retail

After overseeing a successful turnaround since 2017 to reverse a slide in sales, Bertelli said a year ago he planned to hand over the reins of the group he leads with wife Miuccia Prada to their 34-year-old son Lorenzo. The post Prada hires former Luxottica chief Andrea Guerra as new CEO appeared first on Inside Retail.

Fashion 130
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Target Names First Chief Growth Officer, Announces Series of C-Level Promotions

Retail TouchPoints

Hennington joined Target in 2003, and was instrumental in modernizing the retailer’s merchandising organization by blending its physical and digital buying functions. After 15 years with the company, Stephanie Lundquist, Target’s former president of food and beverage, announced her plans to depart the organization earlier this year.

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Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

The business got its first big break in 2003, during the SARS outbreak, when Liu saw an opportunity to capitalise on the burgeoning e-commerce sector and began selling products online to customers who were eager to avoid public spaces. It’s a 20-year plan, which is likely to cover multiple economic cycles.

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Central Group leads Selfridges buyout in US$5 billion deal

Inside Retail

The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003. The source said they plan to increase sales to 8 billion euros ($9.1 With Selfridges, they hope to build a luxury department store empire, complemented by an online business. Benko made a name for himself as a property investor.