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StockX Co-founder Promoted to CEO Job

Retail TouchPoints

Schwartz co-founded StockX, a platform for buyers and sellers of sneakers, apparel, electronics and collectibles, in 2016 with Dan Gilbert, Josh Luber and Chris Kaufman. StockX saw rapid growth over the past five years as the company expanded into new categories, entered new markets and scaled to serve tens of millions of customers annually.

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Mattress Firm Puts IPO on Ice, Citing Market Volatility

Retail TouchPoints

In January 2022, the mattress chain announced its plans to list on the New York Stock Exchange via an IPO that would have returned the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private.

Marketing 311
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Devising an Optimal Returns Policy for Your Business

Retail TouchPoints

For many years, permissive returns policies have been the norm in ecommerce. For the post-holiday season just past, it’s estimated that the total value of returned goods will be around $171 billion. retailers were revisiting their returns policies as of late 2022. With numbers like these, it’s no wonder that most U.S.

Returns 278
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Banana Republic Returns to UK and Ireland via Next plc Partnership 

Retail TouchPoints

has expanded its partnership with Next plc as part of its return of the Banana Republic brand to the UK and Ireland. had shuttered its UK Banana Republic ecommerce operations after closing the brand’s eight remaining stores in the region in 2016. “We has been scaling down its global business in a number of markets. The Gap Inc.

Returns 279
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Amazon Veteran will Return to Lead AWS when Jassy Moves into CEO Role

Retail TouchPoints

Former Amazon exec Adam Selipsky will return to lead the company’s cloud computing division, Amazon Web Services, when current AWS chief Andy Jassy steps into the CEO role later this year. The division brought in more than $13.5 “Less than 5% of the global IT spend is in the cloud at this point. .”

Returns 264
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Australia’s top retailers recognised for customer experience

Inside Retail

“Priceline’s relentless innovation and continued efforts to refine its digital and physical retail offering have positioned it at the forefront of the Australian market not just as a pharmacy but a leading omnichannel shopping destination for consumers,” said the judges.

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Homebase in administration: What went wrong and what next?

Retail Gazette

The group bought Homebase in 2016 for £340m to bring their Bunnings hardware store to the UK. Bunnings’ botched DIY job on Homebase involved switching its soft furnishings – which was its clear differentiator from market leader B&Q – for the Aussie retailer’s no-nonsense DIY sheds filled with power tools galore.