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These closures are in addition to the 900 stores CVS shuttered between November 2021 and December 2024; the retailer still operates more than 9,000 locations.
Apple plans to launch an online store in the Kingdom of Saudi Arabia in summer 2025, providing consumers in the country with service and support directly from Apple in Arabic. And beginning in 2026, the tech retailer plans to open several flagship physical locations, including one in Diriyah, a UNESCO World Heritage site.
This article first appeared in our sister publication, Shop Eat Surf Outdoor (SESO) Vuori is accelerating its international expansion plans and opening its first stores in Seoul and Beijing following its recent store openings in London and Shanghai.
Former Lovisa CEO Shane Fallscheer is launching his jewellery business, Harli + Harpa, which plans to roll out several stores by Christmas. The new retailer will market itself as “Your walk-in jewellery box” and open a store at Sunshine Plaza, among other planned locations.
Best Markets, which is part of the multi-vendor gift card company Best Gift Group and the new owner of SurfStitch and Ginger & Smart, plans to relaunch the failed Australian apparel retailers following a restructure. It then placed Alquemie Retail Operations into voluntary administration on June 6. “The
Since entering the region in 2021, GMG has grown to more than 200 stores, with a target of reaching 400 within the next five years. The post How GMG plans to win Southeast Asias sports retail market appeared first on Inside Retail Australia. Further reading: How Dubai sportswear giant GMG aims to crack the Southeast Asia market.
The parent company announced plans to roll out brick-and-mortar Toys R Us flagship stores in September 2023 in a partnership with Go! flagship location had opened in New Jerseys American Dream mall in December 2021. Retail Group , including a store in the Mall of America. The initial U.S.
Regal Brands Global , the new owner of iconic department store brand Lord & Taylor , plans to relaunch it as a discount luxury ecommerce platform in 2025. After relaunching itself as a digital-only retailer in April 2021 under the ownership of Saadia Group , Lord & Taylor added a retail media network to its offerings in December 2022.
Saks Fifth Avenue’s parent company, HBC , announced its plans to acquire competing luxury department store Neiman Marcus in July 2024 for $2.65 In 2021 and 2022, Saks Fifth Avenue was a winner of Retail TouchPoints’ sister publication Design:Retail ’s Winning Windows Awards. Saks Continues Other Holiday Traditions on Fifth Ave.
Five Guys hit the Australian market in 2021. Mark Wahlbergs brand Wahlburgers launched in Sydney at Circular Quay in 2021. With plans to open 15 outlets, so far it has expanded to Manly and Sydneys west, as well as Byron Bay and Surfers Paradise. Today it has just two Sydney sites and two locations in Melbourne.
Kimbell became CEO of Ulta Beauty in 2021 after serving in executive roles with the company since 2014. Late last year, the retailer outlined a series of aggressive growth strategies to continue its current momentum, including plans to accelerate new store openings in order to reach a total of more than 1,800 locations across the U.S.
billion Kroger-Albertsons tie-up as well as the November 2024 end of a planned Capri Holdings and Tapestry merger. After moving aggressively into direct sales in 2020 and 2021, Nike had to begin rekindling wholesale relationships with retailers including DSW and Macys in late 2023. Walgreens Agrees to $192.5M
Walmart is in the process of deploying AI-powered tools to meet key store associate requirements, including a task management solution that has reduced shift planning times from 90 to 30 minutes. Walmart plans to expand the tech to additional stores in the future. and Canada locations later this year.
DoorDash also has introduced a one-year discounted DashPass plan for SNAP/EBT recipients for $4.99 Additionally, the platform has improved its DoubleDash offering; since its introduction in 2021, shoppers have been able to add items from an additional store after checking out without incurring an additional delivery fee.
billion in 2021 to $40.88 Of those businesses that improved their data quality in 2021, 75% exceeded their annual objectives in some way. MDM should be part of your plan for 2025. Many vendors are now launching retail-specific data management solutions in response to this demand. Red Wing Shoe Company provides a common example.
The grand reopening of Z Gallerie (as Karat Home is framing it) includes an enhanced online shopping experience as well as plans to reestablish the brands physical presence and the launch of a membership program. Plans for limited-edition collections also are in the works.
Iny 2021, Pandora shifted from sourcing mined diamonds to using only lab-grown stones. That same year, Pandora also announced its brand transformation plan, aptly dubbed “Phoenix”, which focused on four growth pillars: brand transformation, design, personalisation and investment in core markets, particularly, the US and China.
The new store concept was unveiled at Carters first flagship in Atlanta this past October, with plans to expand the concept nationwide by 2026. A revamped product assortment that leans into trend-forward products and styles mimicking parents’ personal styles, including mini me versions of fashionable items.
In a bid to bring more variety to its offering, Stitch Fix introduced Freestyle in 2021, allowing users to shop individual items anytime from a selection that was curated using the same algorithm as that for Fixes. Last year, Baer laid out his plan to turn it all around, beginning with a reimagining of the Stitch Fix brand and experience.
To raise your business plan, it’s essential to explore effective strategies that can drive growth and improve customer satisfaction. For instance, Nike ’s premium pricing generated over $44 billion in revenue in 2021. These strategies not just increased bookings but equally transformed Airbnb into a $100 billion company by 2021.
Incorporating customer LTV into CX planning is crucial for prioritizing and optimizing customer interactions. Ultimately, leveraging LTV in CX planning ensures a more focused, efficient and impactful approach to customer relationship management. But more than that, they can help businesses keep customers happy over the long term.
The company had planned to go public in 2021, but scrapped those plans two years later. Now, bankers at Houlihan Lokey have been engaged to lead a search for potential buyers. Claire’s currently operates nearly 2,000 stores globally, 190 of which are under the Icing banner.
Since first launching drone delivery services in 2021, Walmart has completed more than 150,000 deliveries in 30 minutes or less. “As The latter also announced plans to expand its drone delivery operation in the U.S. Worth Metroplex. and internationally in October 2023.
Younger generations, especially millennials, increasingly rely on their digital wallet alone, with 28% (up from 25% in 2022 and 22% in 2021) planning to pay for gift purchases in 2024 using digital wallets. Mobile wallets provide the convenience shoppers have come to expect.
The investment builds upon Vuori’s $400 million investment, led by SoftBank Vision Fund 2, in 2021. When thinking about our vision for the future of the business, our plan is to grow our community through bringing our retail experience to as many international markets as we can.
Tighe, who joined Tailored Brands in May 2021 as EVP and Chief Customer Officer, will replace Peter Sachse, who will become Executive Chairman of the company’s board. In March 2022 Tailored Brands named Sachse and Bob Hill Co-CEOs, positions they had held on an interim basis since the March 2021 departure of CEO Dinesh Lathi.
I was planning to do that for six months, but then I just completely fell in love with e-commerce technology, Airi told Inside Retail. In 2021, she became head of digital and e-commerce for The Upside and went on to hold similar roles at Billini and Ksubi before joining womens fashion brand Outcast in June last year.
Screwfix, the omnichannel retailer, has announced plans to open up to 35 new stores across the UK and Ireland by the end of January 2026, creating more than 400 jobs in local communities. Screwfix opened seven City stores in FY24 (1 st Feb 2024 31 st Jan 2025), with plans for this to form the majority of new openings in FY25.
The Middle East [is in the plan] – because Documents has some Middle Eastern clients in China…and we think our position and our style may match the Middle Eastern market,” Zhaoran said. Zhaoran conceded there is no five- or 10-year plan for Documents’ future. “I It is different now to 10, 20 or 30 years ago.
Daniel Kitay: Funday launched in April 2021, but the journey started well before that. IR : Did the company face an adjustment period after the most extreme restrictions began to be lifted and consumer sentiment stabilised around the end of 2021? Inside Retail : How did the idea for Funday come about and when did the company launch?
We will be watching our Canberra trial very closely with plans to scale in the near future.” The trial follows Aldi’s adoption of self-checkout kiosks, starting in 2021 with 10 stores across New South Wales. Each digital move, from checkout upgrades to delivery trials, has been tightly scoped and operationally efficient.
When ThredUp acquired Remix in July 2021 , it believed the move would be a growth driver for its business, but under continued financial pressure the company announced in August 2024 that it was planning to exit Europe and become “a U.S.-only only business again.”
While working in Amazon’s logistics operations back in 2021, Ohanessian felt there was something “lacking” with the company’s Amazon Go grocery stores. In the next year and a half, the team plans to release a mobile version of VenHub’s Smart Stores for sports arenas, concerts and other venues, or for events.
UK-based skincare brand The Ordinary’s AHA 30% + BHA 2% Peeling Solution went viral on TikTok in late 2020, leading to stock shortages across multiple markets and a sustained lift in sales through 2021. This wasn’t a planned media buy – it was organic, user-driven buzz amplified by algorithmic force. The retailer’s response?
One of Tumis most successful partnerships has been its collaboration with the McLaren Formula 1 Team, which began in 2021. This approach is a key driver in attracting potential new customers and opening doors to unexpected avenues for growth, Maroulis said.
Build a Fix Around a Specific Item In 2021, Stitch Fix also introduced Freestyle , which allows customers to shop individual items whenever they want. This was a big departure from the more rigid fix format which typically happens on a defined cycle (every month or every season, for example).
Retailers are using AI not only for forecasting, but also for generating insights from previously siloed datasets, stress-testing scenarios, and assisting with traditionally labour-intensive planning tasks. The key is making supply chains genuinely adaptive, able to continuously learn from disruption and demand shifts.
Traditionally, major retailers worldwide have had to rely on local government data and interpreting planning policies to determine where to land bank for future developments and where to consider rebuilding, upgrading or expanding existing stores. Their insights help communities and decision-makers plan for the future.
In October 2021, Thirteen Lune opened 10 pilot doors within JCPenney stores and by the end of spring 2023, the platform had 608 shops-in-shop in JCPenney locations scattered across the US. This is where Thirteen Lunes next plan of action comes in. However, as many a veteran retailer are aware, there can be too much of a good thing.
It was a real gamble and a delight to relaunch in 2021 and see our customers adopting our new language. Are there any plans in the works to open another store soon? We expanded each fragrance into the different Scent Spaces, and coined them “Personal”, “Expressive” and “Bold”. If so, what locations are in mind?
The shopping centre is the first of One Global Capital’s planned retail galleries to be created under the brand. ” In July 2021, the first stage of the shopping centre opened, comprising over 3000sqm of retail space. . The Grand Eastlakes Shopping Centre in Sydney has rebranded to One Global Gallery.
Its the second Sydney and fifth Australian location for the fast food business, which unveiled its inaugural site inPenrith, Western Sydneyin 2021. Looking ahead, the burger chain plans to add another 20 stores to the Australian footprint within five years. Pedestrians and commuters can access Five Guys via two station entrances.
Despite the northern rival being issued a weaker B1 rating, it recently saw full-year profit rise and its “strongest” quarter since 2021. It cautioned the supermarket could fall behind Morrisons. Asda was issued a ratings upgrade by Moody’s from B2 in April. “However, significant execution risks remain at this stage.”
Now, four years after launching Beare Park in March 2021, Pereira sees the award as an opportunity to contribute to the ongoing conversation in the fashion industry and be a part of its evolution, she said. IR : How do you plan to approach overseas expansion? Inside Retail : Where did the idea for Beare Park come from?
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