article thumbnail

Saks Global $600M deal with bondholders includes $200M in new financing

Retail Dive

The company shook up its merchandising team about a year ago and its store operations team earlier this month. The tie-up is supposed to yield savings as the retailers merge many of their teams and rationalize the brick-and-mortar footprint. Saks Global has announced a series of layoffs since last year, most recently this past spring.

Finance 69
article thumbnail

Bed Bath & Beyond Kicks Off $250 Million Tech Upgrade

Retail TouchPoints

The technology investment will enable Bed Bath & Beyond to use analytics and automation to support improvements in merchandising and inventory management, product lifecycle management, retail space planning and optimization, the launch of additional private-label brands, and real-time tracking of merchandise fulfillment within the supply chain.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Matterport Launches App for Creating and Sharing ‘Digital Twins’ of Physical Spaces

Retail TouchPoints

Potential retail applications include assisting with wayfinding and space planning. The solution is capable of handling tasks including 2D to 3D reconstruction, advanced image processing, automatic color correction, and object and room labeling.

article thumbnail

REMA 1000 scales up with SymphonyAI supply chain, store operations, and category planning solutions in the cloud

Retail Times

SymphonyAI, a leader in predictive and generative enterprise AI SaaS, today announced that REMA 1000 has migrated SymphonyAI store mobility, store operations, demand forecasting, and space planning and automation to SymphonyAI’s hosted cloud-based platform.

article thumbnail

Paske joins HRG as business development manager

Mass Relators

His mission will be to bring HRG’s resources, such as category management, space planning, visual merchandising, retail strategy, creative services, and asset management, to the pet, hardware, and beauty segments of the retail industry. WAUKESHA, Wis. Corey Paske has joined HRG as business development manager.

article thumbnail

Ulta Beauty CFO Paula Oyibo exits

Retail Dive

Also in the past six months, Chief Store Operations Officer Amiee Bayer-Thomas was named chief retail officer and Ulta brought on Revolution Beauty’s CEO as its new chief merchandising officer. Oyibo is not the only executive to depart since Ulta switched chief executives in January.

article thumbnail

Dollar General promotes 18 executives

Mass Relators

In this role, she will continue to support DG’s store operations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico. Most recently, she led and successfully developed the in-store experience strategy for Dollar General’s first international expansion to Mexico with Mi Súper Dollar General.