Inside Retail

SEPTEMBER 27, 2023

Lego has scrapped its plans to make its bricks from recycled bottles after discovering the method does not reduce emissions and, when adopted at scale, would leave a higher carbon footprint. The post Lego scraps plans to make bricks from recycled bottles appeared first on Inside Retail Australia.

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Retail TouchPoints

MARCH 21, 2024

That’s why retailers must find ways to optimize their cloud resource planning strategies ahead of a time of demand. Scalability Is Key One key aspect of effective cloud resource planning is being able to dynamically scale infrastructure. Here are three key components of a well-managed ecommerce cloud strategy. So Who’s Doing It Well?

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Retail TouchPoints

NOVEMBER 3, 2021

An emphasis on retail operations also would build on the subscription rental service the brand launched earlier in 2021. That initiative was partly aimed at building connections with and better understanding customers, so establishing a direct line to shoppers through stores and websites is in line with this goal.

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Retail TouchPoints

SEPTEMBER 29, 2023

brick-and-mortar retailing in late 2021 with a 20,000-square-foot flagship store at New Jersey’s American Dream mall , followed by 452 Toys ‘R’ Us shop-in-shops at Macy’s in 2022. No information about the number of planned stores or their opening dates was available. Toys ‘R’ Us marked its initial return to U.S.

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Retail TouchPoints

OCTOBER 12, 2022

In addition to this Southern California store, the retailer has new shops planned for Illinois, Rhode Island, Nevada, Iowa, Pennsylvania, Virginia, Massachusetts, Georgia, Florida and Puerto Rico. Forever 21 plans to celebrate each new store with a grand opening featuring special promotions, giveaways, gifts with purchase and food.

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Retail TouchPoints

MARCH 9, 2023

The retailer also plans to exit its Field & Stream banner; after closing 12 of those stores in Q4 2022, which ended Jan. The retailer: Introduced its House of Sport concept store in April 2021; Debuted its Going, Going, Gone! The retailer’s expansion plans come on the heels of a fairly strong fiscal year: net sales rose to $12.4

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Retail TouchPoints

MARCH 31, 2022

Five Below revealed ambitious plans to grow its brick-and-mortar footprint over the next three years. The retailer plans to open approximately 1,000 stores in total by its fiscal year 2025: 375 to 400 new stores over the next two fiscal years and 550 to 600 new stores during fiscal years 2024 and 2025. million to $996.3

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Retail TouchPoints

SEPTEMBER 20, 2023

including Amazon , Target and Macy’s , have announced their plans for holiday hiring, but all told this season may see one of lowest levels of seasonal hiring since 2008 , according to report by Challenger, Gray & Christmas shared with Reuters. In conjunction with its holiday hiring plans, Amazon also announced that it is investing $1.3

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Retail TouchPoints

APRIL 18, 2022

Fast Retailing , parent company of brands including UNIQLO and Theory , revealed major global expansion plans — including opening at least 300 new stores — in its FY2023, which ends in July 2023. The retailer’s growth plans are being fueled by strong results for the six months that ended in February 2022.

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Retail TouchPoints

MARCH 7, 2023

As part of the retailer’s plans to open 100 locations in 2023, Ross Stores opened 11 Ross Dress for Less and eight dd’s Discounts stores in 13 states during February and March. 28, 2023, but the retailer attributed the drop to a phenomenal Q4 2021 in which comparable sales jumped 13%. billion in 2021. billion versus $18.9

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Inside Retail

JANUARY 24, 2023

We will be planning an additional 130 stores throughout this year, with online expected to reach up to 8 million products by the end of the year,” said Evans. Further reading: Mosaic Brands sales increase as shoppers return to stores The post As sales soar, Mosaic Brands plans 130 more stores appeared first on Inside Retail.

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Retail TouchPoints

SEPTEMBER 23, 2022

Target will add as many as 100,000 seasonal associates to its workforce this holiday season, approximately the same number as in 2021. The retailer is hoping the higher starting wage range it announced in February 2022 , $15 to $24 per hour, will streamline its holiday hiring plans despite ongoing labor shortages. 24, 2022.

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Retail TouchPoints

FEBRUARY 4, 2022

Additionally, the retailer has adopted a “poison pill” shareholder rights plan to prevent hostile takeovers. it’s likely that the plan is an effort to keep the company whole despite pressure from investors such as Engine Capital, which has been pushing Kohl’s to spin off its ecommerce business into a standalone entity.

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Retail TouchPoints

MARCH 4, 2022

Reasor’s Foods has reduced cart abandonment among its online shoppers with the deployment of a white-label meal planning solution from GroceryShopii. Since integrating the solution into its RecipeToTable meal planning option in summer 2021, shoppers using it are 5X more likely to complete their ecommerce transactions compared to non-users.

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Retail TouchPoints

MAY 22, 2023

The largest increase took place from 2021 to 2022 when shoplifting complaints increased 44% year-over-year to reach almost 64,000 , many of which were committed by organized theft rings , according to New York State Assemblymember Jenifer Rajkumar in a statement.

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Retail TouchPoints

APRIL 10, 2023

Bankruptcy Court in Maryland and plans to close all 39 stores in Maryland, Virginia and the District of Columbia. million in fiscal years 2020 and 2021, respectively. The Athlete’s Foot parent company Arklyz Group was planning to purchase Shoe City in May 2022, but the deal fell through. million , and Timberland , owed $1.4

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Retail TouchPoints

MAY 25, 2022

Chanel plans to deliver personalized experiences to top-purchasing clients through dedicated boutiques as it builds upon strong FY2021 earnings of $15.6 This initiative is scheduled to begin in early 2023, with the first private boutiques planned to open in Chanel’s key cities in Asia. . billion in revenues — an increase of 49.6%

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Retail TouchPoints

DECEMBER 21, 2022

FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2 2023, which ended Nov. The reductions will add to cost-cutting measures announced in September to bring FedEx’s total fiscal savings plan for 2023 to $3.7 FedEx had expected revenue of $23.7

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Retail TouchPoints

MARCH 10, 2022

For fiscal 2021, which ended Jan. “Our continued expansion of both chains also demonstrates our commitment to further building our presence in both existing and newer markets,” McGillis added. 29, 2022, Ross achieved total sales of $18.9 Discount retailers apparently see their growth tied to more brick-and-mortar locations.

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Retail TouchPoints

MARCH 29, 2023

Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. Macy’s had eliminated the COO position, it turns out temporarily, in March 2021. Gennette will work with both Spring and Mitchell until his retirement to ensure a smooth transition.

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Retail TouchPoints

MAY 26, 2023

Performance apparel brand Canada Goose is continuing its retail expansion across the West Coast with plans for its first Los Angeles store, a permanent presence east of Seattle in Bellevue, Wash. The three new stores are part of the company’s plan, announced earlier this year , to more than double its current global store count by 2028.

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Retail TouchPoints

JUNE 5, 2023

The company is planning to open 50 net new stores this year, and 30 to 35 will be international, with the majority located in China. The company’s worldwide expansion is part of the “Power of Three x2” growth plan, which has goals including tripling international revenue from 2021 levels by the end of 2026.

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Retail TouchPoints

OCTOBER 31, 2022

Looking ahead, we remain confident in our expansion plans and continue to see plenty of opportunity to grow to at least 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS locations over time.” billion in Q1 2021 to $4.3 billion in Q1 2022, which prompted the retailer to revise its forecast for the remainder of the year.

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Retail TouchPoints

MARCH 21, 2023

billion generated in Q4 2021. The plan to do that — dubbed “Lace Up” — will include simplifying operations and investing in “core banners and capabilities.” Other plans include a reset of the retailer’s loyalty program and the development of an enhanced omnichannel experience. 28, 2023, with sales down 0.3% billion from the $2.34

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Retail Focus

OCTOBER 4, 2021

With 12 weeks to go to Christmas, Selfridges London opens its Christmas Shop helping customers to plan and prepare for festive moments to dream of. to plan and prepare for festive moments with decorations to dream of, echoing the store’s theme for 2021: A Christmas of Dream. With 12 weeks to go to Christmas,?Selfridges?London?opens

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Retail TouchPoints

OCTOBER 4, 2021

Here are the Top 10 predictions retailers should keep in mind as they plan, implement and finalize their holiday strategies. The holiday 2020 surge in ecommerce caused digital headaches as shoppers contended with slow or unresponsive web sites, and retailers can’t afford a repeat in 2021. Salesforce expects U.S.

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Retail TouchPoints

APRIL 5, 2022

Spring 2022 holidays will see a return closer to pre-pandemic normalcy than 2021, according to the Spring Holidays 2022 report from Information Resources, Inc. For retailers, these results signal opportunities to court these shoppers as they plan their holidays with larger groups. “As

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Retail TouchPoints

JANUARY 11, 2023

Bed Bath & Beyond reportedly plans more layoffs and will eliminate the Chief Transformation Officer role currently held by Anu Gupta, according to an internal memo from CEO Sue Gove seen by CNBC. The retailer had approximately 32,000 employees as of Feb. 26, 2022, according to a company filing.

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Retail TouchPoints

JUNE 2, 2021

Prime Day 2021 will officially span June 21 and 22, featuring more than 2 million deals across categories including fashion, electronics, toys, home décor and automotive. Prime Day 2021 Will be Driven by Loyalty and Discounts. consumers increased or maintained their spending on Amazon in Q2 2021, according to a survey by JungleScout.

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Retail TouchPoints

JANUARY 19, 2021

The National Retail Federation (NRF) has moved Chapter 2 of its 2021 Big Show from an in-person to a virtual event. The NRF plans to release additional details regarding its plans for Chapter 2, which will include more content, networking and entertainment, in the coming weeks.

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Inside Retail

MARCH 14, 2024

Its valuation surged to over US$4 billion on its first day of trading in November 2021. In a call with analysts on March 12, Zwillinger stated that the company plans to close between 10 and 15 underperforming US stores in 2024, about a third of its total number. million in 2021. million in 2022, or 56 per cent of total revenue.

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Retail TouchPoints

FEBRUARY 1, 2021

So what are the customer experience and commerce trends that will continue, or become more fully realized, in 2021? Others didn’t plan to have them in the works for another one to three years. Customer Experience and Commerce in 2021: Striking a Wait-and-See Balance. Either way, even retailers sitting on the fence need to plan.

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Retail TouchPoints

MARCH 4, 2022

Dollar Genera l has announced plans to create approximately 10,000 net new positions during fiscal 2022, a 6% increase of its total workforce. In addition to more stores, Dollar General plans to expand its DG Fresh distribution centers and its DG Private Fleet network. Dollar General’s fiscal year ends Feb. 30, 2026. .

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Retail TouchPoints

OCTOBER 5, 2021

Rent the Runway has filed its IPO, joining the growing roster of circularity-focused digital brands that have gone public in 2021, including resale platforms Poshmark and ThredUP. Rent the Runway — which allows users to rent, subscribe and buy designer apparel and accessories — plans to list on the NASDAQ under the ticker “RENT.”.

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Retail TouchPoints

DECEMBER 12, 2022

One, which is led by Goldman Sachs veteran Omer Ismail, was launched with backing from Walmart and Ribbit Capital in January 2021. Walmart already offers BNPL through Affirm, which replaced the retailer’s layaway program in late 2021. The company is independent, but Walmart U.S.

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Retail TouchPoints

FEBRUARY 8, 2023

The Vitamin Shoppe has opened the first of a planned dozen+ new franchise stores this year in Valparaiso, Ind. After announcing its ambitious franchising plans in May 2021, the retailer converted an existing Greensboro, N.C. The next new franchise store, scheduled to open this spring, will be in Tempe, Ariz.,

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Retail TouchPoints

MARCH 5, 2024

[Update from 3/6/2024] Over the next decade, Target plans to build more than 300 new stores and upgrade the vast majority of its brick-and-mortar fleet, with projects ranging from full remodels to adding Ulta Beauty locations, upgrading fixtures and supporting same-day services.

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