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Rite Aid Charges New Chief Retail Officer with Developing its Store of the Future

Retail TouchPoints

Persaud, who has held the role of EVP, Retail since February 2020 , will now be responsible for orchestrating new in-store experiences and operations processes under the retailer’s RxEvolution strategy. During the pandemic, he managed the development of protocols designed to enhance safety for shoppers and associates.

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“20,000 stores in China by 2026 is the target” – Joey Wat, Yum China’s CEO

Inside Retail

The company operates KFC, Pizza Hut, Taco Bell and partners with Lavazza to develop coffee shop concepts too. From 2020 to the first half of 2023, the company added 4402 new stores in China and raked in an operating profit of $3.6 The current store count stands at 13,602, with total revenues at $5.6

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“20,000 stores in China by 2026 is the target” : Joey Wat, Yum China’s CEO

Inside Retail

The company operates KFC, Pizza Hut, Taco Bell and partners with Lavazza to develop coffee shop concepts too. From 2020 to the first half of 2023, the company added 4,402 new stores in China, and raked in an operating profit of $3.6 The current store count stands at 13,602, with total revenues at $5.6

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How to Win in the Real-Time Holiday Retail Era

Retail TouchPoints

Last year, COVID-19 lockdowns that restricted shopping at brick-and-mortar stores sent shoppers online. Americans spent more money online during the 2020 holiday season than previously, with revenues growing 32% year-over-year and exceeding $188.2 Optimized supply chain management to avoid stockouts and overstocking.

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Rite Aid promotes Andre Persaud to chief retail officer

Mass Relators

Persaud was appointed executive vice president, retail for Rite Aid in February 2020 and assumed responsibility for orchestrating new in-store experiences and retail operations processes in line with the company’s RxEvolution strategy. CAMP HILL, Pa. Andre Persaud.

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Retail Trends in 2021 — Overcoming 2020’s Challenges

Retail TouchPoints

Is that even possible coming out of a year like 2020? One futurist we know said, “2020 was so weird I didn’t even get a chance to be wrong.”. Next is Corporate Social Responsibility (CSR), which was getting mindshare, if not budget, well before 2020. But let’s be real here. But the post must go on.

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Mitigate Supply Chain Challenges with Data and Proactive Customer Communication

Retail TouchPoints

20, revealed that out-of-stock product messages have jumped 172% this holiday season compared to the pre-pandemic period (January 2020). Earlier investments in synchronized planning and intelligent supply chains that are more heavily weighted to domestic manufacturers are now paying off for these companies, he added.