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Home Depot Strengthens Pro Offerings with 4 New Distribution Centers

Retail TouchPoints

The DCs — to be located in Detroit, southern Los Angeles, San Antonio and Toronto — will stock large, bulky merchandise like lumber, insulation and roofing shingles that can be ordered in job lot quantities and delivered directly to professionals’ job sites.

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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 258
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Olympia Sports Files for Bankruptcy, Plans to Close Remaining Stores by Sept. 30

Retail TouchPoints

In that same month, Olympia decided to liquidate 22 of its stores, and in July 2022 the company made the decision to close the rest of its locations. At its peak in 2012, the retailer operated 230 stores across the Northeast and Mid-Atlantic regions.

Planning 298
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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 278
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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.

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From click to brick in minutes: How Lego is tapping into “quick commerce”

Inside Retail

Foodpanda Shops is a marketplace where brands and retailers operate their own store front, while Pandamart hosts its own inventory in cloud stores operated by Foodpanda,” he explained. Foodpanda was the first platform to launch a food delivery mobile app in Singapore back in 2012.

Shopping 130
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Exclusive Q&A: How COVID-19 Accelerated Cannabis Delivery Network Launch

Retail TouchPoints

In Colorado, which has had legalized sales of recreational marijuana since 2012, we’re looking to move into delivery in 2021. Their retail stores, most of which are in Michigan, had been operating under a couple of different names, but now they are looking to build their business in other states as well.

Planning 284