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Home Depot Boosts Pro Offering with $18.25B Acquisition of SRS Distribution

Retail TouchPoints

stores and distribution centers, comprehensive product offering, and extensive pro brands, provides the residential pro customer with more fulfillment and service options than ever before.” SRS’s branch network, coupled with The Home Depot’s 2,000+ U.S.

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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

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Due Diligence: Winning October Prime Day Prep Strategies

Retail TouchPoints

Don’t oversell products if you don’t have the supply to fulfill orders. Do you have the tools needed to identify Share of Voice (“SOV”) at the keyword level? Reach out to vendors if needed to fulfill any oversell orders, and then start loading up on inventory for the next big event — Black Friday will be here before you know it.

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2 Top Target Chiefs Announce Retirement Plans

Retail TouchPoints

Mulligan will remain in his role until February 2024, at which time he will transition to a strategic advisor role until his official retirement in February 2025. During his 27-year tenure with the company, he has held a variety of leadership positions in finance, digital and human resources, including acting as CFO from 2012 to 2015.

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Inditex To Shutter Up To 1,200 Non-Zara Stores As It Pivots Toward E-Commerce

Retail TouchPoints

Staff members at the closed stores will be offered new roles with the company, such as handling fulfillment of ship-from-store orders. billion , due to 88% of the company’s stores being closed at some point during the period due to the COVID-19 pandemic. Inditex will support this effort by investing €1 billion.

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Shein and Temu Face Congressional Scrutiny Over Imports, Forced Labor

Retail TouchPoints

according to SimilarWeb , followed by Shein at No. Unlike Temu, Shein (until recently) operated as a traditional retailer, sourcing and fulfilling all the products it sold itself. market in 2012, Shein has been compliant with U.S. ” [Editor’s Note: This story was updated on June 26, 2023 at 3 p.m.

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Home Depot Enhances Loyalty Program for High-Value Professional Customers

Retail TouchPoints

Pros make up about 10% of The Home Depot’s customer base and approximately half of our sales,” said Hector Padilla, EVP of Outside Sales and Service at The Home Depot in a statement. “To The retailer plans to announce additional benefits for the Member, Elite and VIP tiers throughout 2023.