article thumbnail

How 99 Bikes plans to return to profit with an electric-powered push

Inside Retail

The retailer also expects to benefit from the trend of electric bikes, and it has two national expos this year to showcase the company’s fleet to consumers. Founding 99 Bikes and taking flight Matt Turner, the current director of 99 Bikes, opened the first store in Milton, Brisbane, in May 2007. The company achieved an 82.6,

Returns 130
article thumbnail

BJ’s Wholesale Club Names Interim Leader President and CEO

Retail TouchPoints

Eddy joined BJ’s in 2007 and assumed the role of EVP and CFO in 2011. Prior to joining BJ’s, Eddy served multinational manufacturing, technology, retail and consumer products companies as a member of the audit and business advisory practice of PwC. Laura Felice — currently SVP and Controller — has been appointed to replace Eddy as CFO.

Wholesale 175
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are more discounts on the cards before Christmas?

Inside Retail

With higher-than-usual stock levels leading into Christmas that retailers are planning to turn over at the full freight Christmas margin, that could spell trouble. As we all know, plans can change. In 2007, the cash rate was on an upward trajectory hitting an 11-year high of 6.75 We’ve seen it happen before.

Planning 130
article thumbnail

“Building a brand from the ground up”: Inside LSKD’s San Diego expansion

Inside Retail

We didn’t plan on opening an office, but our first US team member has been here for almost two years. JD: I was very lucky to have LKI [Loose Kid Industries] before LSKD, from 2007 to 2018. IR: Do you have plans to open other stores in the US, and if so, what other locations are you considering? How has that been going?

Wholesale 243
article thumbnail

Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

For now, the businesses will remain separate in the eyes of the consumer, though they will share systems in the back end, such as having a single tech-stack. Chop and change Acquired in 2007 along with Coles and Kmart, Target started off in a strong position in Wesfarmers’ stable. The impacts of Covid-19 are just the icing on the cake.”

article thumbnail

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

Retail TouchPoints

In his new role, he will leverage the expertise he has developed during his time at Target, combined with more than 20 years managing multi-billion-dollar consumer packaged goods brands with MillerCoors, PepsiCo and the Quaker Oats Company, to further accelerate Target’s food and beverage business.

article thumbnail

CVS promotes Wier to VP of store brands

Mass Relators

He had been executive director – divisional merchandise manager for consumer health and wellness since August 2020. ” Wier joined CVS in 2013 as director of business planning and analytics. Ross School of Business at the University of Michigan in 2007. WOONSOCKET, R.I. Before that he worked for Mars & Co.,