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How Private Equity Failed North America’s Oldest Retailer

Retail Prophet

Not only does the private equity firm use these funds to acquire the target company, but they also charge investors a management fee, normally about 2 percent of the total value of the investment. Sears filed for bankruptcy in 2018, and operates under a dozen stores today, down from thousands at its peak.

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Couche-Tard Deploys Unified Supply Chain and Planning Solution in North America

Retail TouchPoints

Alimentation Couche-Tard , which operates Couche-Tard convenience stores in Canada and Circle K stores in the U.S., will deploy technology from Relex Solutions designed to enhance inventory management and in-stock positions.

Planning 270
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Canada Goose Makes 5 Leadership Appointments, Including First-Ever CDO

Retail TouchPoints

As CDO, Blonder will drive the brand’s digital innovation and manage teams responsible for developing the company’s digital roadmap across both new and existing channels, as well as the company’s IT and insights team. She joins Canada Goose from Hermès where she held the role of European Managing Director.

Planning 305
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The Body Shop UK Enters Administration

Retail TouchPoints

The UK arm of the The Body Shop has entered administration, the British version of bankruptcy protection, according to Reuters and other media reports, but it will continue to operate online and via its 199 UK brick-and-mortar stores for the time being. Now, FRP Advisory has been brought in to manage the restructuring process.

Shopping 260
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Macy’s Names Gennette’s Successor as CEO Plans 2024 Retirement

Retail TouchPoints

Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. Prior to joining Macy’s, Mitchell advised retailers as a Managing Director and Partner at Boston Consulting Group and was CEO of home furnishings retailer Arhaus LLC.

Planning 264
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Bonobos Founder Andy Dunn Joins WHP Global to Guide the Future of His Brand

Retail TouchPoints

Andy Dunn, founder of Bonobos , will join WHP Global in an advisory role to help the company manage the recently acquired Bonobos brand. Walmart parted with Bonobos at a significant loss —the retail giant had spent $310 million to acquire Bonobos in 2017. Walmart also sold plus-size fashion brand Eloquii to FullBeauty Brands in April.

Fashion 278
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Saks Parent HBC to Buy Neiman Marcus Group for $2.65 Billion, Including Investment from Amazon

Retail TouchPoints

Negotiations for a potential purchase of the luxury department store retailer stretch as far back as 2017. Department store services and technology, while not as big as grocery, could be a more accessible opportunity for Amazon and a great learning exercise.” To fund the acquisition, HBC has secured $1.15