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Adidas Divests Reebok, Plans to Focus on Flagship Brand

Retail TouchPoints

Adidas initially acquired Reebok in 2006 and implemented the “Muscle Up” turnaround plan in 2016. More details on adidas’ strategic business plan through 2025 will be unveiled at the company’s virtual Investor and Media Day on March 10, 2021.

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Sephora North America Promotes Veteran Exec to President and Future CEO

Retail TouchPoints

She will succeed current President Jean-André Rougeot, who plans to retire in April 2024, at which time Patrick will become the CEO of Sephora North America — the beauty retailer’s first female CEO.

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Inside Guzman y Gomez’s plan to reach $500 million in revenue

Inside Retail

Mexican fast food chain Guzman y Gomez (GYG) is planning to open an additional 30 drive-thrus in Australia over the next 12 months, which will bring the company’s total store count to over 180 locations across Australia, Singapore, Japan and the US. GYG plans to have another three to four stores up and running in the US by the end of 2021.

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Why the effort to shake up Endeavour’s board is rooted in the past

Inside Retail

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. Commenting on the sale of 5.5

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UNIQLO Sibling Brand GU to Test North American Market With NYC Pop-Up

Retail TouchPoints

Sharing its FY2023 plans in an April 2022 statement, Fast Retailing, which also owns fashion brand Theory , noted that it was inspired by the strength of the North American market. Launched in 2006, the company currently operates 450 locations. “It in a statement.

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PacSun Names Co-CEOs and New President

Retail TouchPoints

Chang has been President of PacSun since 2018 and has served in multiple senior positions since joining the company in 2006. Like Chang, Olson joined PacSun in 2006 and held multiple senior positions before being named Chief Brand Officer in July 2020. As Co-CEOs, Chang and Relich will have distinct oversight of key business functions.

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REI Appoints First Chief Supply Chain Officer to Support Growth Initiatives

Retail TouchPoints

As an REI member since 2006, my passion for preserving nature, delivering value to organizations and building effective teams led me to the co-op,” said Wilks in a statement.