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Rue21 Files for Third Bankruptcy, Plans to Close all 500+ Stores

Retail TouchPoints

The company first filed for bankruptcy in 2002 , then again in 2017. Over the past two decades the mall-based retailer has struggled to regain the popularity it enjoyed during its heyday in the late ’90s.

Planning 263
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Drummond Golf put up for sale after 22 years

Inside Retail

Mark and Ravi Abeyaratne bought the franchise alongside a small group of shareholders in 2002. The company boasts 30 per cent market share with more than 150,000 golfers visiting its stores monthly, while its online store has more than 250,000 visits each month. The company is planning to increase earnings to $12.6

Wholesale 306
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Woolworths plans $370 million rebrand, upgrade of its NZ store network

Inside Retail

The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program. The post Woolworths plans $370 million rebrand, upgrade of its NZ store network appeared first on Inside Retail.

Planning 246
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“Primed for disruption”: Cargo Crew founder talks acquisition, growth plans

Inside Retail

The brand has been in operation since 2002, with over 25 per cent of its online sales coming from overseas. Its new partnership with Glow Capital Partners is set to further accelerate its growth into new markets. That’s a key part of our strategic plan over the next few years. I think aprons were primed for disruption.”

Planning 246
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With Acquisition of Complex, NTWRK Plans to Create a ‘Next Gen Content and Shopping Experience’

Retail TouchPoints

Buzzfeed has sold youth culture media company Complex to livestream shopping platform NTWRK , which plans to use the acquisition to build a “next generation content and shopping experience.” My journey with Complex began as an admirer of their original magazine in 2002 and it has now come full circle as I step into the leadership role.

Shopping 173
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True Religion Aims to Triple Online Revenues with the Help of New Ecommerce SVP

Retail TouchPoints

True Religion plans to transform itself into a “digital-first DTC brand.” His customer-first vision combined with broad expertise in performance marketing, customer acquisition and loyalty will be critical to True Religion’s goal of tripling online revenues and achieving 50% ecommerce sales penetration by 2025.”.

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Dollar General plans to add three new DCs

Mass Relators

Dollar General plans to add three new distribution centers to its network. The North Little Rock dual distribution center facility represents an approximate $140 million investment in Pulaski County, and construction is currently slated to begin by fall with a late 2023 planned completion date. GOODLETTSVILLE, Tenn. Aurora, Colo.