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Kroger Plans to Cut Prices Following Completion of Albertsons Merger

Retail TouchPoints

Citing its actions following previous corporate mergers, Kroger said it plans to lower prices when its planned merger with Albertsons is finalized. The supermarket giant will invest $500 million to lower prices on “day one” following the transaction’s close, and also plans to invest $1.3

Planning 259
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Adidas Divests Reebok, Plans to Focus on Flagship Brand

Retail TouchPoints

Adidas initially acquired Reebok in 2006 and implemented the “Muscle Up” turnaround plan in 2016. More details on adidas’ strategic business plan through 2025 will be unveiled at the company’s virtual Investor and Media Day on March 10, 2021.

Planning 176
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Reports: Forman Mills Avoids Bankruptcy with Sale to Shoppers World

Retail TouchPoints

Forman Mills, which had been acquired by private equity firm Goode Partners in 2016, currently operates 43 stores in Pennsylvania, Maryland, New Jersey, Illinois, Ohio, Michigan, Wisconsin, Delaware and New York. Shoppers World operates 37 stores, primarily in the Northeast and Midwest.

Planning 231
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GameStop Poaches Belk CEO for COO Position

Retail TouchPoints

He has approximately two decades of experience in operations, merchandising, supply chain and retail and store operations, including time spent at Target and Gap. . GameStop plans to further boost its comeback with the launch of a marketplace for non-fungible tokens (NFTs) in partnership with the blockchain platform Immutable X.

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Ron Johnson’s Enjoy Technology Files for Bankruptcy, Set to be Sold

Retail TouchPoints

Back in 2016, Ron Johnson was asked in a fireside chat at Shoptalk about the biggest mistake he had ever made. Enjoy will continue operating throughout the bankruptcy process but will wind down its operations in the UK, according to an SEC filing. The ultimate plan is to sell to the highest bidder.

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Shocking News: 7-Eleven Plans to Install 500 Electric Vehicle Ports

Retail TouchPoints

The convenience retailer currently operates just 22 charging stations at 14 stores. “7-Eleven’s 7-Eleven had set sustainability goals in 2016 that included achieving a 20% reduction of CO 2 emissions from its stores by 2027, but it reached that goal in 2019 — eight years ahead of schedule.

Planning 168
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Tempur Sealy Buys Mattress Firm in $4B Deal

Retail TouchPoints

The retailer was acquired by South African holding company Steinhoff International in August 2016, then filed for bankruptcy protection as part of a reorganization in October 2018. In January 2022 , Mattress Firm filed for an IPO, but cited market volatility when it put those plans to bed one year later , clearing the path for an acquisition.