Retail TouchPoints

DECEMBER 8, 2023

Dollar General is planning approximately 2,385 real estate projects for fiscal year 2024, including about 800 new store openings (including approximately 30 pOpshelf openings and 15 new stores in Mexico ), along with 1,500 store renovations and 85 store relocations. billion in Q3, which ended on Nov.

Planning 264

Planning Apparel Location Consumer 264

Retail TouchPoints

APRIL 10, 2024

Tony Spring, Chairman and CEO of Macy’s, welcomed the new board members: “Ric and Rick bring leadership experience as well as valuable real estate and retail industry expertise, respectively, that is complementary to that of our other board members.

Finance 264

Finance Management Planning Store Operations 264

Retail TouchPoints

JULY 5, 2023

Many of the locations Burlington acquired are in large community centers that also house a Target as an anchor store, Bill Read, EVP of commercial real estate firm Retail Specialists told CNBC. Other major retailers also acquired leases from the auction, including: Michael’s: Nine leases for $2.5

Location 264

Location Store Operations ATS 264

Retail TouchPoints

JANUARY 28, 2022

Decker joined The Home Depot in 2000 and was named President and COO in October 2020, responsible for global store operations, global supply chain, outside sales and service and real estate as well as merchandising, marketing and online strategy. Current CEO Craig Menear will continue to serve as Chair of the Board.

Merchant Services 270

Merchant Services Store Operations Marketing Management 270

Retail TouchPoints

AUGUST 15, 2022

This comparison to numbers from the pre-pandemic era indicates a broader trend in the realm of retail real estate toward reduced footprints , despite the uplift that appears to be happening now. To us this reads as a reduction in footprint , either closing of stores or reducing the size.

Payment Services 255

Payment Services Returns Consumer Accounting 255

Retail Focus

FEBRUARY 19, 2024

Founded in Palermo, Sicily, P&V is now a third-generation family-owned premium deli, which specialises in high-quality, artisan Italian produce sold through its modern estate of grocery stores.

Store Operations 147

Store Operations Marketing Promotions Customer Experience 147

Retail TouchPoints

SEPTEMBER 7, 2022

Oak Street also has completed real estate buybacks with other retailers, including Bed Bath & Beyond and Big Lots. Kohl’s had previously avoided sale-leasebacks but expressed interest in monetizing its real estate following the failed Franchise Group acquisition.

Finance 278

Finance Location Planning Store Operations 278

Retail Focus

NOVEMBER 8, 2023

Beauty and personal care retailer, Pinalli , has digitally improved its customer experience and in-store operations using a solution from Pricer , the world’s most reliable provider of ESLs (Electronic Shelf Labels).

Store Operations 173

Store Operations Returns Customer Experience Location 173

Retail TouchPoints

FEBRUARY 6, 2024

The celebration will kick off with a ribbon-cutting ceremony led by EVP of Real Estate Luis Barrientos, followed by a meet-and-greet with Libby Frame, roundtable discussion and audience Q&A.

Location 260

Location Shopping ATS Store Operations 260

Retail TouchPoints

SEPTEMBER 1, 2023

Dollar General also executed nearly 850 real estate projects during Q2 2023, “further extending our reach and expanding our ability to serve both new and existing customers,” Owen explained. Dollar General plans to spend between $1.6 Among those investments are 3,110 real estate projects across the U.S.,

Markdowns 264

Markdowns Apparel Planning Consumer 264

Retail TouchPoints

JUNE 21, 2023

“These facilities are a continuation of our innovative efforts to serve millions of guests and reach millions more, while maximizing speed, efficiency and care across our real estate portfolio.”

Marketing 306

Marketing Planning Shopping Store Operations 306

Retail TouchPoints

APRIL 17, 2023

He also has been responsible for technology development across functions including merchandising, replenishment, supplier management, real estate and global compliance.

Location 245

Location Management Marketing ATS 245

Retail TouchPoints

AUGUST 9, 2023

With the reduced need for parking, downtown districts may repurpose existing parking garages into multi-functional spaces, such as residential, office, recreation and entertainment areas, not only to maximize the use of valuable real estate but also to convert these spaces into vibrant focal points for community events and activities.

Planning 246

Planning Promotions Outdoor Finance 246

Retail TouchPoints

AUGUST 12, 2022

Specific allegations against Lampert and some investors include that: Lampert rejected a $1.6

Planning 236

Planning ATS Store Operations 236

Retail TouchPoints

MAY 1, 2023

All of the locations to be acquired by Alimentation are company-operated, most of the real estate is company-owned and the deal also includes surplus property and a logistics fleet. Alimentation plans to rebrand the stores as Circle K locations.

Management 285

Management Location Planning Store Operations 285

Retail TouchPoints

JUNE 23, 2023

Unlike data centers, edge infrastructure manages unreliable networking, where latency, jitter or availability issues are common, particularly in large distributed store estates. Store systems typically don’t operate in people-free, highly secure, air-conditioned server environments; quite the opposite.

Payment Services 278

Payment Services Customer Experience Promotions Point of Sale 278

Retail TouchPoints

MAY 18, 2023

CTO Hyon Park will step in to manage the retailer’s supply chain, and CEO Lisa Harper will oversee other operational functions, including stores and real estate. She has extensive retail experience, most recently as SVP of Corporate Finance for Mattress Firm , which was purchased by Tempur Sealy earlier this month.

Finance 258

Finance Accessories Apparel Management 258

Retail TouchPoints

MARCH 3, 2021

Paper Source already has begun closing 11 of its underperforming locations but will keep the remaining 147 stores and its ecommerce site open throughout the bankruptcy proceedings. As part of the process the retailer also is undergoing a “robust real estate rationalization” to evaluate its real estate portfolio and renegotiate lease terms.

Planning 299

Planning Finance Accounting Location 299

Retail TouchPoints

SEPTEMBER 10, 2020

The agreement would involve the formation of a separate real estate investment trust and a property holding company, which will include 161. of JCPenney’s real estate assets and all of its owned distribution centers. The trust would be owned by a group of the retailer’s First Lien Lenders. “We

Planning 207

Planning Shopping Store Operations 207

Retail TouchPoints

MARCH 29, 2023

Mitchell will lead the stores, technology and supply chain teams in addition to his current real estate and finance responsibilities. Macy’s had eliminated the COO position, it turns out temporarily, in March 2021. Gennette will work with both Spring and Mitchell until his retirement to ensure a smooth transition.

Planning 264

Planning Home Furnishings Finance Management 264

Retail TouchPoints

JULY 31, 2020

These include supply chain, real estate, merchandising operations, product operations, health & wellness, human resources, marketing, customer service and e-Commerce. Neighborhood Markets are consolidated into one division, which remains, but operational divisions for the 3,569 Walmart Supercenters and 376.

Discount Store 268

Discount Store Store Operations Marketing Planning 268

Retail TouchPoints

JULY 17, 2023

The company handles the day-to-day operations of the physical store, from staffing to POS, to help digital retailers dip their toes into physical stores with less hassle. Two Data Sets Together Determine the Perfect Store Location Leap worked with Collars & Co. The location was in a city where Collars & Co.

Location 228

Location Visual Merchandising Store Operations Wholesale 228

Retail TouchPoints

SEPTEMBER 9, 2020

The Paper Store will emerge from Chapter 11 bankruptcy after less than two months. Retail-led real estate firm WS Development acquired the retailer, which will be added to its 95 -location property portfolio. This is not the first instance of a real estate company buying a distressed retailer.

Location 174

Location Store Operations 174

Retail TouchPoints

MARCH 20, 2023

and same store sales up 4.3%. “We The company recorded strong sales in fiscal 2022, which ended Feb. 3, 2023, with net sales increasing 10.6%

Customer Experience 278

Customer Experience Planning Marketing Consumer 278

Retail TouchPoints

MARCH 5, 2021

Another key efficiency driver will be a reduction in store size to improve store-level productivity, said O’Sullivan on that call. Our real estate and store operations teams have done a lot of work in the past year on a 25,000-square-foot store prototype,” he said. “We

Planning 264

Planning Location Store Operations Accounting 264

Retail TouchPoints

MAY 7, 2021

Brookfield Property Partners sold its stake in Forever 21 for $63 million during Q1 2021, which contributed to the real estate company’s quarterly income of $731 million. Brookfield’s flow from operations (FFO) was $125 million for the quarter, down from $309 million during the same period in 2020.

Accounting 178

Accounting Planning Management Marketing 178

Retail TouchPoints

FEBRUARY 1, 2022

The Greensboro store is an existing location previously operated by The Vitamin Shoppe and now converted to a franchise unit. The store will be run by a group of entrepreneurs who own and operate multiple businesses in the region, including hotels, restaurants, real estate property management and retail.

Location 259

Location Planning Management Store Operations 259

Retail TouchPoints

MARCH 3, 2023

The retailer plans to invest $200 million in capital expenditures for both these physical store changes and routine store resets and maintenance, down from about $300 million last year.

Planning 299

Planning Shopping Location Consumer 299

Retail TouchPoints

SEPTEMBER 30, 2020

.” After filing for bankruptcy last summer, the brand shuttered all 261 of its stores and sold its intellectual property assets for approximately $1.1. million to CJS Group LP, a real estate investment company owned by Charming Charlie founder Charlie Chanaratsopon.

Accessories 290

Accessories Apparel Fashion Returns 290

Retail TouchPoints

FEBRUARY 15, 2021

The surge in ecommerce was enough to create trepidation in the commercial real estate industry. Demand for brick-and-mortar space was last on the list, and CBRE expects a 50% decrease in demand for store spaces. A Look at the Market.

Fulfillment 279

Fulfillment Checkout Store Layout Consumer 279

Retail TouchPoints

MAY 21, 2021

It’s also led us to proactively accelerate our initiatives to optimize our real estate portfolio in our best performing banners and across the most valuable locations to competitively position our store fleet for the future.”.

Planning 299

Planning Location Consumer Store Operations 299

Retail TouchPoints

JULY 23, 2020

Tailored Brands is cutting 20% of its corporate staff and has identified up to 500 retail stores for potential closure as it struggles to strengthen its financial position. For the time being, however, 96% of the retailer’s approximately 1,400 stores — operating under the Men’s Warehouse , Jos.

Location 147

Location Payment Services Planning Store Operations 147

Retail TouchPoints

MAY 27, 2021

For the first time in the retailer’s 44-year history, independent operators will have the chance to open The Vitamin Shoppe stores in their own communities via an omnichannel franchise model. The Vitamin Shoppe currently owns and operates more than 680 locations across the U.S. .

Location 167

Location Marketing Planning Consumer 167

Retail TouchPoints

AUGUST 1, 2023

Connected Tech and Data Make Dynamic Content a Reality Consumers consult their digital devices before and during in-store shopping trips. As a result, personal smartphones have become critical real estate for serving dynamic content and personalized deals.

Management 246

Management Promotions Checkout Consumer 246

Retail TouchPoints

NOVEMBER 2, 2020

Mall owners CBL & Associates and Pennsylvania Real Estate Investment Trust (PREIT) have each filed for Chapter 11 bankruptcy protection, according to CNBC.

Payment Services 279

Payment Services Planning Store Operations 279

Retail TouchPoints

JANUARY 13, 2022

This has created opportunity for real estate owners and operators everywhere, whose empty strip malls and warehouses now represent a new and steady source of rental income. Building Considerations for Cannabis Real Estate. Sounds like a win-win? Think again. This means new insurance and liability risks, too.

Location 279

Location Promotions Management Planning 279

Retail TouchPoints

DECEMBER 10, 2021

“I think having the right content really defines if you can find the right retailers, which [in turn is] going to define the value of your real estate.”. The trick to figuring out where these up-and-coming areas are is understanding where a retailer can tap into a large audience, but in a market without inflated real estate prices.

Location 328

Location Shopping Fulfillment Grocer 328