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M&S Doubles Down on C-Store Strategy with Plans for 10 Locations, 50 Remodels

Retail TouchPoints

British multi-category retailer Marks & Spencer plans to open at least 10 new convenience stores in conjunction with its franchise partners and refresh up to 50 existing c-stores this year as it looks to grow its £1 billion ( $1.3 billion ) convenience business.

Location 260
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Singtel denies it plans to sell Optus despite talks with Canadian investor 

Inside Retail

Singtel bought Optus in 2001. The post Singtel denies it plans to sell Optus despite talks with Canadian investor appeared first on Inside Retail Australia. Additional reporting from Reuters.

Planning 264
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Asda chair admits supermarket’s problems are ‘self-inflicted’

Retail Gazette

Leighton, who stepped down as chief executive in 2001, told The Times that the retailers previous stewardship under the Issa brothers had ripped the heart out of the colleagues when the business cut back on staffing hours to cut costs. We had a financial plan but we didnt have a business plan. Theres a big difference.

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Barnes & Noble Revamps Loyalty Program, Adding Free Option

Retail TouchPoints

Barnes & Noble has reconfigured its loyalty offerings for the first time since the program began in 2001, launching its first free program and enhancing the benefits of its paid Membership program.

Shipping 290
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Bed Bath & Beyond Builds Out Finance Team with Hiring of Former Tiffany Exec

Retail TouchPoints

As we continue to execute against our transformation plan and become a true omni-always retailer, we are pleased to welcome John to our finance leadership team and implement best-in-class corporate accounting practices.” Crossen has been with the company since 2001; The hiring of Susie A.

Finance 232
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Bankrupt Century 21, Citing $175 Million Insurance Nonpayment, Will Cease Operations

Retail TouchPoints

Pioneering off-price retail chain Century 21 Stores has filed for Chapter 11 bankruptcy protection and plans to shut all 13 of its stores in New York, New Jersey, Pennsylvania and Florida. The company has filed motions with the bankruptcy court to keep the stores and web site in operation in order to run going-out-of-business sales.

Planning 306
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Some retailers are turning to air freight to offer a competitive edge

Inside Retail

Pre-Covid, there might have been a rare, unforeseeable event that could disrupt the global airfreight business somewhere in the world every five to 10 years such as 9/11 in 2001 or the Icelandic volcano eruption in 2010. But in current times, one or more disruptions seem to be ever-present, such as geopolitical conflicts or regional wars.

Shipping 147