article thumbnail

The Reject Shop plans more stores as sales surge

Inside Retail

Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. The company is investing in other initiatives across the business, including in supply chain, technology, infrastructure and warehouse management, he added. The Reject Shop posted record sales of $852.7

Planning 278
article thumbnail

Big Lots’ Planned Private Equity Sale Falls Through; Retailer Commences Going out of Business Sales

Retail TouchPoints

Closeout retailer Big Lots has initiated going of out business sales at its remaining stores following the news that a planned sale to Nexus Capital Management has fallen through. Big Lots currently operates 960 stores, according to its website , and will continue to serve customers both in-store and online.

Planning 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How compression technology can cut retailers’ waste management overheads

Inside Retail

Next-generation automation and technology are streamlining waste management costs for retailers and shopping centres across Australia, saving significant costs and boosting sustainability outcomes. We want to provide an easier solution for retailers to manage their recyclable waste and reduce costs at the collection and disposal stage.

article thumbnail

Target Details Plans to Drive Over $15 Billion in Sales Growth by 2030

Retail TouchPoints

Target has ambitious plans to drive an additional $15 billion in sales growth by 2030. The retailer revealed these long-term plans along with financial results of its 2024 fiscal year, which ended Feb. Targets net sales decreased by 0.8% compared to the previous year, falling from $107.4 billion to $106.6 Comparable sales rose 0.1%

Planning 179
article thumbnail

Composable Commerce Is Playing a Key Role in SiteOne’s Digital Transformation

Future-proofing your tech stack is a crucial part of long-term strategic planning. But how do you future-proof if your plans involve acquisition, and a tech stack you don’t have control over?

article thumbnail

Why Master Data Management Should be on Every Retailer’s IT Roadmap for 2025

Retail TouchPoints

From customer transactions to inventory management, retailers need to be able to manage, integrate and govern their data to make informed decisions that drive growth and profitability. Many vendors are now launching retail-specific data management solutions in response to this demand. billion in 2021 to $40.88 Select a vendor.

article thumbnail

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.

article thumbnail

Building Supply Chain Resilience in the Real World

Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC

Global inflation is at record highs and the Great Resignation has given way to the Great Reshuffling, leading to uncertainty in talent markets. What will 2023 bring? Time will tell, but it is unlikely to be a return to the pre-pandemic normal.