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Walgreens Cuts 5% of Corporate Workforce in Streamlining Bid

Retail TouchPoints

These latest cuts follow a 10% reduction in Walgreens’ corporate workforce in May 2023. million settlement of a class-action lawsuit brought by shareholders claiming they were misled regarding Walgreens’ failed 2015 merger with Rite Aid. WBA’s financial results for fiscal 2023, which ended Aug. Despite achieving sales of $139.1

Planning 257
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Alibaba Cloud Unit CEO Steps Down; Freshippo IPO Reportedly Delayed

Retail TouchPoints

Zhang, who had been named CEO in May 2015 , recently narrowed his responsibilities to focus on leading the Alibaba Cloud Intelligence Group, which Alibaba plans to spin off under a separate management team to be appointed at a later date. Alibaba ’s former Chairman and CEO Daniel Zhang has stepped down from his roles with the company.

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Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger

Retail TouchPoints

million to settle a class-action lawsuit brought by investors who claim they were misled by the company about the likelihood of a successful 2015 merger with Rite Aid , multiple sources report. In late 2015, WBA agreed to acquire Rite Aid and its 4,600 U.S. stores, with the deal expected to close in late 2016. pharmacy sector hard.

ATS 225
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Dillard’s Debuts Coterie Shop Spotlighting Four Fashion Entrepreneurs

Retail TouchPoints

Founded in 2015, Abbey Glass is a luxury womenswear brand that strives to help women embrace their individuality and be self-assured in their innate femininity. Abbey Glass herself started designing dresses when she was 10 years old and went on to become a classically trained fashion designer.

Fashion 252
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Adobe: Consumers Will Spend More Online in First 10 Months of 2021 than All of 2019

Retail TouchPoints

As a historical benchmark, from 2015 to 2019, online prices fell 3.9% In the 18 categories tracked by the Adobe Index, all but one (books) saw higher prices in August 2021 when compared to a pre-pandemic period (2015-2019 average). In August 2021, online prices were up 3.1% YoY and up 0.1% on average each year.

Consumer 222
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Year in Review: The Top 10 Wiser Blogs of 2021

Wiser

Pricing engines never go out of style, which is why we spruced up this blog, originally published in 2015. The post Year in Review: The Top 10 Wiser Blogs of 2021 appeared first on Wiser Retail Strategies. The Top 5 Reasons Why You Should Consider A Pricing Engine. What is Prestige Pricing and Is It Right For You?

Consumer 147
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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. million for the 12 months to July 29, the highest since 2015. Myer’s total sales grew 12.2 per cent to $3.36 billion in FY23. This reflects the scale of its online business – which had a revenue of $691 million, representing 20.5