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Five Below Appoints New COO to Help it Pursue Triple Double Growth Plan

Retail TouchPoints

Five Below has promoted CFO and Treasurer Kenneth Bull to the role of Chief Operating Officer, where he will focus on achieving the company’s Triple Double growth goals by optimizing its talent, systems and processes. Bull has been with Five Below for 17 years and has held the CFO and Treasurer positions since 2012.

Planning 278
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Heytea CEO: ‘We plan to really shake up Sydney’s beverage scene’

Inside Retail

In 2012 he opened a small shop in an alley in Jiangbian, China and sold his creation Naigai Cha – a ‘cheese tea’ recipe he had crafted in his own kitchen to soften the taste of tea by adding a fine layer of cheese foam made with real milk. “We We plan to really shake up Sydney’s beverage scene,” he said.

Planning 264
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2 Top Target Chiefs Announce Retirement Plans

Retail TouchPoints

Two of Target ’s top executives — COO John Mulligan and Chief External Engagement Officer Laysha Ward — have announced plans to retire. Mulligan’s replacement has not yet been named, but Target said it will share succession plans prior to his official retirement in February 2025.

Planning 147
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Starbucks to Double Indian Workforce as it Aims for 1,000 Stores in the Country by 2028

Retail TouchPoints

As part of its Triple Shot Reinvention Strategy — one of the key objectives of which is to become “truly global” — Starbucks plans to more than double its current India store count to 1,000 brick-and-mortar locations by 2028. To meet this goal, the company will open one new Starbucks in the country every three days. later this year.

Location 262
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Instacart May Have Started with Grocery Delivery, but its Future is Focused on Stores

Retail TouchPoints

Since its 2012 debut, Instacart has made significant progress in convincing Americans that grocery shopping can be done online. One answer is that the connected capabilities of the cart allow retailers to provide customers with more relevant promotions and recommendations. Instacart executives celebrate the company’s IPO on Sept.

Grocer 191
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AWS Q&A: How Retailers can Prepare Ecommerce Operations for COVID-Driven Uncertainty

Retail TouchPoints

RTP: Retailers can usually plan around major spikes on days like Black Friday and Cyber Monday, but many retailers have already announced that they will instead favor longer-term promotions this year. Can you offer any insight into your plans for 2021 and beyond? It’s no longer ‘I always go to the same grocer every week.’

Grocer 336
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Best of 2024: Clintons new owner’s plans for the card retailer that refuses to fold

Retail Gazette

The retailer found itself grappling with an over-inflated rent bill and increasing competition from Card Factory and the supermarkets, which forced it to call in its first set of administrators in May 2012. It was sold a few weeks later to a subsidiary of US card maker American Greetings in a rescue deal that saved 434 out of its 784 stores.