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Sears Hometown Files for Chapter 11, Citing Lack of Inventory and Heavy Liabilities

Retail TouchPoints

Sears Hometown Stores , an offshoot of the original department store, has filed for Chapter 11 bankruptcy in Delaware. The “original” Sears reached a $175 million settlement with former CEO Eddie Lampert in August 2022 to clear the way for a long-delayed bankruptcy plan. Sears Hometown itself was spun off from the main company in 2012.

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Amazon Generates 11% Revenue Boost in Q2, Forecasts Strong Q3

Retail TouchPoints

Revenue increased 11% year over year, reaching $134.4 North America and International segments saw similar growth, with segment sales increasing 11% and 10% year over year, respectively. billion in Q2 2022, while operating cash flow grew a staggering 74% , from $35.6 Emphasizing independent seller partnerships: In 2022, U.S.-based

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Bed Bath & Beyond Prepares to Wind Down Operations in Chapter 11

Retail TouchPoints

Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection and will implement an orderly wind-down of its businesses while “conducting a limited marketing process” to find one or more buyers for some or all of its assets.

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Amazon Nearly Quadruples Same- and Next-Day Prime Delivery Volume Over 2019

Retail TouchPoints

Prime members the same or next day, nearly 4X the number of orders delivered at those speeds by this point in 2019, according to Doug Herrington, CEO of Worldwide Amazon Stores. recordable incident rate and a 69% reduction in its lost time incident rate from 2019 to 2022. So far this year the company has delivered more than 1.8

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Salesforce’s Top 5 Predictions for Holiday 2022

Retail TouchPoints

In the first quarter, the average selling price (ASP) increased by 11% in the U.S. For the 2022 holiday season, the trillion-dollar question is how do brands and retailers maintain growth, but do it profitably with an omnichannel approach? For retailers, 2022 is about playing the long game.

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SLR deliver record sales at Springfields Outlet & Leisure with four consecutive weeks setting new records, and overall up 11 percent on 2022

A1 Retail

The Winter Wonderland Christmas Walk has been increased in size and demand for tickets are substantially up on 2022. The post SLR deliver record sales at Springfields Outlet & Leisure with four consecutive weeks setting new records, and overall up 11 percent on 2022 appeared first on A1 Retail Magazine.

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Dunnhumby Survey: H-E-B Regains Title of America’s Top Grocer as Club Stores Move Up the Ranks

Retail TouchPoints

BJ’s Wholesale made the most dramatic moves up the rankings over the last three years, climbing from 27th place to 10th place in 2022. In contrast, in the 2019 RPI, no club store ranked higher than seventh. Personalized prices, promotions and rewards also became 3X more important at driving overall price perception compared to 2019.

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