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

Inside Retail

million for the 12 months to July 29, the highest since 2015. . “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.” ” Net profit rose 18.2 per cent to $71.1 Statutory net profit rose 23.3 per cent to $60.4

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Emma – The Sleep Company becomes first D2C sleep brand to open physical store, launching in London’s Westfield

Retail Focus

Since launching in 2015, Emma has expanded into more than 30 markets around the world and the store will mark the start of Emma’s retail expansion offline into one of its strongest markets globally. More store openings are planned in the U.K.

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Peloton Co-founders Depart as Retailer Expands its Rental Program Nationwide

Retail TouchPoints

Peloton Co-founder and Executive Chair John Foley and Co-founder and Chief Legal Officer Hisao Kushi have resigned, effective September 12 and October 3, 2022, respectively. The basic Peloton Bike and All Access Membership costs $89 per month, while the bike costs $895 to purchase after 12 months.

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Primark Continues U.S. Expansion with First Chicago Store

Retail TouchPoints

store count to 12. store in 2015 and operates locations mostly in the Northeast as well as Florida, in addition to its new Midwest presence with the Chicago store opening. International fashion, beauty and homeware retailer Primark has opened a new store in downtown Chicago. Primark opened its first U.S.

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Allbirds IPO to Value Retailer at $2.2 Billion

Retail TouchPoints

million shares of its stock at $12 to $14 per share. The retailer, founded in 2015 as an internet-only seller of wool footwear, expanded into apparel in August 2019 with the addition of sustainably manufactured socks and added an activewear category in August 2021. Allbirds has filed for an IPO, with plans to sell 19.2

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NOBULL Announces Launch of First Permanent Concept Store in Europe at Battersea Power Station

Retail Focus

Founded in Boston in 2015, NOBULL is a footwear, apparel and accessory brand with a strong global community. The UK’s first art’otel, a 164 room hotel also opened its doors for first stays on 12 th December 2022 with TOZI Grand Cafe, a new Italian restaurant inspired by the elegance of Europe’s famous grand cafes.

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