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REI Shutters Experiences Business that was Losing Millions Annually, Cuts 400+ Jobs

Retail TouchPoints

After 40 years of providing adventure travel, day tours and classes, outdoors retail co-op REI will shut down its Experiences business, which had been losing millions of dollars every year and was being subsidized with profits from other parts of the business, according to a statement from CEO Eric Artz.

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True Religion Continues U.S. Store Expansion

Retail TouchPoints

True Religion opened its first new store since 2019 in September 2023 at the Cumberland Mall in Atlanta, exceeding soft opening projections by 67.9%. Many different considerations come into play, but the biggest decision for us is that we just want to be wherever our shoppers are.

Apparel 287
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Inside Best Buy’s 5-Year Effort to Evolve with Today’s Consumer

Retail TouchPoints

Its a tenet that the companys latest CEO, Corie Barry, kept front of mind as she took the helm in 2019 , throughout the upheaval of the pandemic and into today. That is what Barry has spent the last five years doing.

Consumer 287
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From Omnichannel to Polychannel: How FMCG Shopping is Changing

Retail TouchPoints

retailers on average between March 2023 and February 2024, an increase of 23% over the 2019-20 period. of total digital ad spend in 2019 and is expected to reach 21.8% According to data from consumer insights provider Numerator, consumers purchased groceries from 20.7 of total digital ad spend in 2024.

Shopping 289
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Three malls with great CX: American Dream, Battersea Power Station, Chadstone

Inside Retail

With a strong resurgence in bricks-and-mortar retail after the global pandemic, Inside Retail decided to compile a list of the malls, high streets and neighborhoods going above and beyond to optimise the customer experience (CX) with innovative features and services. The centre is located 17 kilometres southeast of the Melbourne CBD.

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How Henne is rethinking the in-store experience

Inside Retail

Henne was founded in 2019 by Bartel, her sister Michelle Ring and friend Laura Broque. We go direct to consumer because we would rather give our customers a really high-quality product, and if that means that there’s less margin in there, we don’t mind. I love being guided through the pieces.

Wholesale 250
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Calpak Embarks on a New Retail Adventure: Physical Stores

Retail TouchPoints

In 2019, Calpak tested its store hypothesis even further by opening a pop-up in New York City. The four -day activation aimed to gauge customer reception, and the team was “astounded” by the demand. The brand recently became an online-only partner for Nordstrom.)

Wholesale 296