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Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop

Retail TouchPoints

Despite the decrease, the number of active subscribers was still 27% higher than the 97,614 figure from the same period in 2021. . million , it expects to save $25 million to $27 million in operating expenses during FY 2023. “We While the company expects employee severance and related costs to total approximately $2.5

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Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers

Retail TouchPoints

Unfortunately, the facts indicate Kohl’s lacks the right leadership for the exceedingly challenging period ahead — one that will require the Company to reverse high-single-digit sales declines, contain capital expenditures and operating expenses, and immediately optimize fulfillment, marketing and merchandising.”.

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Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

Target Invests in Price and Speed to Attract Shoppers Target ended Q4 with inventory 3% lower than in 2021, a sign that the retailer has managed to overcome the excesses it struggled with through the first half of 2022. during Q4, but they were up 0.6% at its flagship banner and up 5.8%

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Balancing Customer Loyalty in an Age of Growing Business Costs

Retail TouchPoints

Since 2020, the global economy has sat on pins and needles as the fallout from COVID-19 rippled through 2021, 2022 and 2023. But the resilience of the American consumer prevented an all-out economic disaster. Time and time again, consumers kept the economy chugging along despite the bleak forecasts from leading economists.

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Toys ‘R’ Us’ “transformational” year ends without earnings growth

Inside Retail

million in it’s quasi-first year as a public company, though delivered a nil EBITDA based on operational expenses and the sale of discontinued businesses. Formerly known as Funtastic, the business rebranded as Toys ‘R’ Us under the ticker TOY in April of 2021, after the former acquired Hobby Warehouse Group last November.

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SBA Asking for Input on COVID Grants and Loans for Small Business

Small Biz Trends

In addition to traditional SBA funding options, the CARES Act and the 2021 American Rescue Plan Act established several temporary programs including grants for COVID-19 relief. SBA Express Bridge Loans offered small businesses affected by Covid-19 to get up to $25,000 to cover operational expenses. Refining Service Delivery.

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Making Infrastructure Ready for the Future of Work

Cisco Retail

According to Cisco’s Accelerating Digital Agility Research , 61% of CIOs and IT decision makers agree that they are unsure what the future of work will look like for their business in 2021. In addition, using certified re-manufactured equipment allows the business to upgrade when needed and to offset the cost against future revenue.