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Five Below Appoints New COO to Help it Pursue Triple Double Growth Plan

Retail TouchPoints

The company’s Triple Double growth plan was announced in March 2022 , when it set the goal of tripling its store count to more than 3,500 locations by the end of fiscal 2030 while at least doubling sales and growing operating margin by 14% by the end of fiscal 2025.

Planning 272
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Olympia Sports Files for Bankruptcy, Plans to Close Remaining Stores by Sept. 30

Retail TouchPoints

Olympia Sports has filed for Chapter 11 bankruptcy protection, seeking an orderly wind-down of its operations. 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.

Planning 284
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Home Depot Strengthens Pro Offerings with 4 New Distribution Centers

Retail TouchPoints

The Home Depot plans to open four new distribution centers designed specifically for the needs of its professional customers in the first half of 2024.

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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 246
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Gap to Sell Off Intermix Business

Retail TouchPoints

Gap acquired Intermix in 2012 and the brand now operates 31 U.S. store locations and an ecommerce business. Altamont Capital Partners plans to acquire the entire Intermix business, including all store leases, ecommerce and assets. in a statement. “We in a statement. ” BofA Securities Inc.

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Exclusive Q&A: How COVID-19 Accelerated Cannabis Delivery Network Launch

Retail TouchPoints

But Hightimes Holdings President Paul Henderson is always on the lookout for more and better ways to connect customers with cannabis, so in recent months the company has focused on expanding its brick-and-mortar store footprint and launching a delivery network that will serve multiple California markets. of the stores run directly by us.

Planning 265
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Why the NBA is going green and opening stores Down Under

Inside Retail

In August 2022, the National Basketball Association (NBA) opened its first bricks-and-mortar retail store in Australia – located in the Emporium shopping centre in Melbourne. A few months later, the NBA opened its second store in Martin Place in Sydney. Do you think the physical locations are or will enhance online sales?

Apparel 130