article thumbnail

The Reject Shop plans more stores as sales surge

Inside Retail

Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. The chain currently has 386 stores nationwide, having opened 67 new stores and closed 35 underperforming ones since June 2020.

Planning 278
article thumbnail

How AI-Driven Search and Personalization Boosted AOV 5.5% for Freedom Furniture

Retail TouchPoints

But the merchant was suffering from a bit of an image problem that made it seem fusty and old-fashioned, a situation that led to a companywide turnaround plan initiated in 2020. In the words of Paula Mitchell, Digital General Manager, We wanted consumers to think of Freedom not as your mums brand but as your best friends brand.

Kiosk 253
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Loblaws Plans 80 New Stores in 2025 as Retailer Doubles Down on Discounting

Retail TouchPoints

As part of Loblaws plans to invest $2.2 Loblaws also will renovate more than 300 grocery and pharmacy locations, including adding approximately 100 new Shoppers Drug Mart pharmacy care clinics, and plans to continue modernizing its supply chain, including the opening of a new 1.2

Planning 173
article thumbnail

Coresight Predicts Store Closures will Spike to 15,000 This Year

Retail TouchPoints

Supporting these expectations is the fact that more than 2,000 planned closures already are underway this year. store closures totaled 7,325 , the highest number since 2020, when Coresight tracked almost 10,000 closures. Coresight reports that major U.S. retailers have announced 29.6% fewer openings and 334.3% In 2024, U.S.

article thumbnail

Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

Since 2020, procurement and supply chain professionals have faced an unprecedented set of challenges. The pandemic was just the start.

article thumbnail

How to Revitalize Seasonal Businesses to Stay Open All Year

Retail TouchPoints

Managing this requires keen budgeting skills and pre-planning, which can cause stress for seasonal business owners. Thoughtful budgeting and money-saving strategies are a crucial part of any business plan, seasonal or not. Brandon Naughton has been the Marketing Manager at  Repicci’s Real Italian  since its inception in August 2020. 

article thumbnail

Struggling Kohl’s Snags Michaels CEO to Lead Company

Retail TouchPoints

Current Kohl’s CEO Tom Kingsbury will be stepping down on that date but will remain as an advisor and board member until his planned retirement in May 2025. Kohl’s has named Ashley Buchanan, CEO of Michaels , as its new CEO, effective Jan. Net sales of $3.5 billion represented an 8.8%

Apparel 278