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Franchise Group Sells Vitamin Shoppe to Private Equity Firms

Retail TouchPoints

In November 2024 Vitamin Shoppes parent company Franchise Group filed for Chapter 11 protection, part of an agreement with its primary lenders that would allow the companys three strongest banners Vitamin Shoppe, Pet Supplies Plus and Buddys Home Furnishings to remain in operation.

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Macy’s Names Gennette’s Successor as CEO Plans 2024 Retirement

Retail TouchPoints

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. Prior to joining Macy’s, Mitchell advised retailers as a Managing Director and Partner at Boston Consulting Group and was CEO of home furnishings retailer Arhaus LLC.

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Ikea to Open London Store Following Three-Year Environmental Renovation

Retail TouchPoints

Visitors to the new store will enter into a London-inspired space featuring curated shops co-created with Londoners to reflect the city, and the retailers unique style. Customers can have larger pieces delivered to their homes or to a network of pickup points. Ikea plans to open eight new smaller-format stores this year.

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Cashierless Space Gets More Crowded: JD.Com Opens Two Autonomous Stores in the Netherlands

Retail TouchPoints

JD.com has entered the autonomous store space in Europe with the launch of two omnichannel cashierless stores in the Netherlands. The Ochama shops, located in Leiden and Rotterdam, carry everything from food to home furnishings and are operated entirely by robots.

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Address Labor Shortages by Creating Attractive Retail Career Paths

Retail TouchPoints

According to data from BDO , 51% of retailers are planning to implement training to upskill employees’ technology capabilities, said Natalie Kotlyar, BDO’s National Leader for the Retail and Consumer Products Industry Group in an interview with Retail TouchPoints.

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Ashley Leverages Samsung Tech to Launch New Connected Home Experience

Retail TouchPoints

This allows guests to experience products from Samsung as well as lighting from Philips Hue and Nanoleaf , roller shades by Eve , Aqara curtain drivers and other smart home devices from Kasa firsthand. ” Simplifying the Smart Home Shopping Experience Ashley and Samsung plan to roll out the experience in more stores in the future.

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At Home to be Taken Private in $2.8 Billion Purchase

Retail TouchPoints

to $562 million and a comparable store sales increase of 30.8% as shoppers continued investing in home improvement projects during late 2020. At Home plans to retain this momentum with an emphasis new customer retention and growth. The retailer reported a net sales increase of 41.3%

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