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Despite Subscription Declines, Rent the Runway Plans to Go Public

Retail TouchPoints

Rent the Runway — which allows users to rent, subscribe and buy designer apparel and accessories — plans to list on the NASDAQ under the ticker “RENT.”. In response, Rent the Runway closed its retail stores , did away with its unlimited subscription plan and launched into resale. million from $256.9 million in 2019.

Planning 274
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Top Wish Execs Share Plan for Winning Back Consumers, Beginning with ‘Wishmas’

Retail TouchPoints

When Wish debuted in 2010 it took the U.S. Wish has been in the midst of a massive turnaround effort for more than a year now, and in summer 2022, the app reintroduced itself to consumers with a rebrand and major marketing blitz. And this is just the first of in a series of shopping events Wish has planned for 2023.

Planning 327
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Former L’Occitane CEO Looks to Acquire, Privatize the Company

Retail TouchPoints

USD) per share since the company’s IPO on the Hong Kong Stock Exchange in 2010. If the deal goes through, Geiger plans to delist L’Occitane from the Hong Kong Stock Exchange and take the company private, which he believes will allow management to better “invest in long-term sustainable growth initiatives.”

Marketing 234
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China Offers ‘Strong Financial Support’ to Help Boost Recycling of Household Appliances

Retail TouchPoints

The government’s plan is to boost the recycling percentage of household appliances 30% by 2027 compared to 2023. The central government’s plan also calls on local governments to provide funds supporting recycling efforts, including creating recycling systems for renewable resources.

Consumer 130
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“Our mission is to make retail fair”: Wolf & Badger CEO George Graham

Inside Retail

The UK-based online platform for independent and ethical brands Wolf & Badger opened its first bricks-and-mortar location in London in 2010, before adding stores in New York in 2017 and Los Angeles in 2022. Today, the US is its largest market. What shifts do you wish to see in the industry moving forward?

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Digital Transformation Propels Burton’s Omnichannel Growth Plans

Retail TouchPoints

Larocque has spent more than 20 years with Burton, becoming SVP Operations in 2010. The second prong was replacing foundational systems, such as the company’s legacy enterprise resource planning (ERP) system. “It We’ve got the right tools to meet customer and market needs, whatever they may be.”.

Planning 270
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Authentic Brands, Owner of Forever 21 and JCPenney, Files for IPO

Retail TouchPoints

Authentic Brands Group (ABG) — which has made a name for itself by scooping up bankrupt retail brands such as Forever 21 , JCPenney , Aéropostale and Brooks Brothers and bringing them back to life through licensing — is planning to go public. We are a licensing business and are purely focused on brand identity and marketing.”.