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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Within the larger global market, McKinsey estimates that the retail and CPG sectors have the most to gain from AI , with potential to harness the tech and drive huge improvements in operational efficiency as well as the customer and employee experience.

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Rue21 Adds New CIO to Revamped Leadership Lineup

Retail TouchPoints

Fashion retailer Rue21 is bringing a new CIO on to its revamped leadership team. He will be responsible for the strategic planning and execution of Rue21 business applications and operations, integration of ecommerce and back-office platforms, B2B and B2C initiatives and maintenance of retail. ”

Fashion 264
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C-Store Foxtrot Raises $100 Million in Funding Round, Plans 25 Additional Stores

Retail TouchPoints

The round brings Foxtrot’s total funding to $160 million and will help the retailer triple the team’s size and open 25 new stores over the next 12 months. The retailer also is expanding its selection of private label goods, with 200 new SKUs set to launch over the next year.

Planning 277
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A Guide to Managing Young Employees

Retail TouchPoints

The retail sector has experienced one of the most acute impacts of this shortage, with a 57.3% We’re also on the doorstep of retail’s busiest season. As this labor dilemma persists, many retailers are hiring more employees under the age of 18 to fill the gaps in their workforce.

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Stitch Fix Taps Amazon Fashion Alum for Product and Technology Role

Retail TouchPoints

Stitch Fix has hired a new Chief Product and Technology Officer to lead the struggling online personal styling service’s technology, product, data science, security and IT teams. Tony Bacos will begin today and report directly to CEO Matt Baer. Bacos’ emphasis on growth connects to Baer’s priorities as a still-new CEO.

Fashion 277
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PVH Brings Hudson’s Bay Exec to Tommy Hilfiger North America Team

Retail TouchPoints

To accelerate value creation for the Tommy Hilfiger North America business, PVH has hired Sophia Hwang-Judiesch as the President of Tommy Hilfiger North America. Hwang-Judiesch has had a successful retail career driving brand and market growth for omnichannel brands such as Carter’s Oshkosh , Esprit and Ulta Beauty.

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Mitigate Worker Shortages by Streamlining Recruitment and Hiring Processes

Retail TouchPoints

Retail TouchPoints (RTP): What have been the most significant changes in the retail hiring landscape over the past two to three years? What are the major contributors to the current problems retailers are having in filling store-level and other vacancies? These factors have also contributed to higher quit rates.