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PacSun Names Co-CEOs and New President

Retail TouchPoints

PacSun has named Alfred Chang and Mike Relich as its new Co-CEOs, and promoted PacSun Chief Brand Officer Brieane Olson to President of the specialty retailer. Chang will set and drive PacSun’s brand strategy, including design, merchandising, marketing, retail and ecommerce. Both will serve on the company’s Board of Directors.

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rue21 to Open 15 Stores in 2021

Retail TouchPoints

Specialty retailer rue21 plans to open 15 stores in 2021, following the recent openings of three new brick-and-mortar stores. The retailer, which operates nearly 700 locations in 45 states, also has refinanced its existing term loan, increased available liquidity and lowered its cost of capital. .

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Francesca’s to Shutter an Additional 97 Stores

Retail TouchPoints

The company will continue operating during the process by utilizing a $25 million debtor-in-possession loan from Tiger Finance. The retailer previously announced plans to close 140 stores and renegotiate a number of leases at other locations. As of the filing, Francesca’s still operated 558 locations.

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2024 Home Furnishings Industry Trend Guide

Storis

Our survey found that furniture retailers are enthusiastic about many applications of AI led by those that will increase marketing efficiency and reduce bottom-line costs. More than 50% of those surveyed plan or use Generative AI for designing digital ads, writing content, and personalizing marketing.

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Reopening Your Store – The Things You Are Not Yet Thinking About

Retail Smart Guys

FINANCE – You got your PPP money. SELLING – How do you sell and keep social distance? What do we do about dressing rooms and trying on clothing? What are the alternative selling methodologies to bring into your business to satisfy demand? You’ve applied for the EIDL. We’re going to take some deep dives into these topics.

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Hudson Uses COVID Shutdown to Shave 5 Months off Transaction Platform Deployment

Retail TouchPoints

At the beginning of 2020, Hudson kicked off its deployment of the Flooid platform to provide a new backbone for all transactions across its 1,010 travel convenience stores and specialty retail, which includes proprietary book and tech stores, duty-free shops and food and beverage concessions. and Canada.