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As Gen Z Enters Prime Spending Years, Brands Sharpen Their Pitch

Retail TouchPoints

They’re Gen Z, born between 1997 and 2012 and comprising 20.69% of the U.S. Shein is very Gen Z oriented, so we bring in as many Gen Z team members as possible,” said Marisa Runyon, Director of Creative Content and Production at Shein. “We Shein spoke during a panel discussion at the recent FUTR conference in New York City.

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Michel’s brand to be axed

Inside Retail

Retail Food Group (RFG) has announced the end of the Michels Patisserie chain, revealing it will work with franchisees to convert their stores to either Gloria Jeans or Donut King. There are just 19 Michels Patisserie stores across RFGs home state of Queensland, New South Wales and Victoria.

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Walmart to Equip Stores with Disability-Friendly Carts

Retail TouchPoints

The carts’ seat holds 35 to 250 pounds ; Walmart will equip each Supercenter with two carts and each Neighborhood Market with at least one. Walmart’s order for approximately 8,000 carts is greater than all Caroline’s Cart orders combined since the company began manufacturing in 2012. stores in November 2023.

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Walgreens to Pay up to $350 Million to Settle DOJ Opioid Lawsuit

Retail TouchPoints

District Court for the Northern District of Illinois, alleged that from August 2012 through March 1, 2023, Walgreens prescribed excessive quantities of opioids, filled prescriptions significantly early and prescribed a dangerous and abused combination of three drugs known as a trinity. The Walgreens suit, amended April 18 in the U.S.

Planning 147
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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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Olympia Sports Files for Bankruptcy, Plans to Close Remaining Stores by Sept. 30

Retail TouchPoints

The retailer plans to close its 35 remaining brick-and-mortar stores by Sept. In 2019, RSG Acquisitions bought Olympia’s intellectual property, online stores and 75 of its then 152 stores. At that time Olympia closed the approximately 75 stores that were not part of the acquisition. bankruptcy court in Delaware.

Planning 304
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Chico’s Appoints Company Veteran as New CFO

Retail TouchPoints

Current EVP – CFO Patrick Guido has resigned to accept a position at another company where he can be located closer to his family. Oliver has been with Chico’s since 2012 and served in multiple roles, including VP – Finance and Controller and Interim CFO and SVP – Controller. ”

Finance 263