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CVS Plans to Close 271 Stores in 2025 as Part of Multi-Year Savings Plan

Retail TouchPoints

In August 2024 , CVS Health identified a multi-year opportunity to deliver $2 billion in savings via a variety of methods, and one of those methods will be closing a total of 271 physical stores in 2025, according to the pharmacy retailers 2024 Annual Report.

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Apple Expands to Saudi Arabia with Plans for Online and Physical Retail Presence

Retail TouchPoints

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.

Planning 275
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Toys ‘R’ Us to Make Latin America Debut with New Panama Flagship Stores

Retail TouchPoints

The parent company announced plans to roll out brick-and-mortar Toys R Us flagship stores in September 2023 in a partnership with Go! Retail Group , including a store in the Mall of America. flagship location had opened in New Jerseys American Dream mall in December 2021. The initial U.S.

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Citing Costs, Saks Fifth Avenue Dims the Lights on its Holiday Show

Retail TouchPoints

Saks Fifth Avenue’s parent company, HBC , announced its plans to acquire competing luxury department store Neiman Marcus in July 2024 for $2.65 Although the luxury department store is cutting back on the light show, it will continue its holiday windows tradition and add the usual seasonal design touches indoors.

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Walmart Deploys AI-Powered Task Management and Translation Tools for Associates

Retail TouchPoints

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.

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Walmart Expands Drone Delivery to 5 Southeast Cities

Retail TouchPoints

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.

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Meet the ex-Amazon retail visionary opening automated convenience stores in LA

Inside Retail

One player bringing the “store of the future” to life is VenHub Global, a US-based AI and robotics technology company founded by retail veteran Shahan Ohanessian. While working in Amazon’s logistics operations back in 2021, Ohanessian felt there was something “lacking” with the company’s Amazon Go grocery stores.