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In 2017, Dillards faced similar activist pressure based on undercapitalization of its real estate assets). Dillards stockholders have benefitted greatly from this plan, seeing a total return in their shares of +788% versus Macys of -12%. shares down 13% since the plan was announced (according to S&P Capital IQ as of Dec.
The company has been fined $15 million since 2017 for safety hazards, according to a strongly worded OSHA statement outlining the new violations. OSHA said that since 2017 it has cited Dollar General in more than 180 inspections nationwide for numerous “willful, repeat and serious workplace safety violations related to unsafe conditions.”
There are another five Sol Bowl sites planned for New South Wales and ACT before FABE takes the brand interstate. Sol Bowl founder Lilly Semaan launched the healthy-fast-food business as Soul Bowl in Parramatta in 2017. The post Piccolo Me parent plans 100 stores for Sol Bowl acquisition appeared first on Inside Retail Australia.
In March, True Religion appointed Scott McCabe as its SVP of Ecommerce as part of its plan to triple online revenues and achieve 50% ecommerce sales by 2025 through transforming into a digital-first DTC brand. Prior to his appointment at the Los Angeles brand, Grewal served as CFO of housewares supplier Bradshaw International since 2017.
In fact, shortly after Calpak’s in-store and online partnership with Nordstrom began in 2017, it quickly became a top brand in the retailer’s search bar, reaffirming the potential to expand into brick-and-mortar. Calpak undoubtedly tapped into the learnings from its pop-up to better plan for the LA store’s opening.
Relex’s AI- and machine learning-powered solutions include demand forecasting, replenishment and advanced space and floor planning functionalities. Relex has provided Couche-Tard’s European business with a unified supply chain and store and floor planning solution since 2017.
The company first filed for bankruptcy in 2002 , then again in 2017. After emerging from its 2017 bankruptcy, Rue21 made a concerted effort to adapt to today’s shoppers, with a new loyalty program and revamped executive team that included a new CEO and CIO , both of whom joined from GNC in 2023.
Despite these statistics, many retailers still don’t have functional workplace violence plans. If they do have a plan, it’s likely that it hasn’t been recently updated, and many employees may not know it exists. My 35-plus years of experience in retail, most of that time being in loss prevention, has taught me a lot.
Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. He will be replaced in the top spot by Macy’s EVP and Bloomingdale’s Chairman and CEO Tony Spring, who has been named Macy’s President and CEO-elect and gained a seat on the board of directors.
Back in May 2023 Costco said it would delay planned membership fee hikes, citing the impact of inflation on consumers. Along with the fee hikes, Costco also is raising the maximum annual 2% cash back total from $1,000 to $1,250 per member.
After emerging in January from its second stint in bankruptcy since 2017, Payless “is back,” the retailer trumpets on its newly launched e-Commerce site. Margolis plans to rein in costs with such strategies as negotiating leases that use a percentage of store revenue to pay a share of the rent rather than a fixed payment.
Target has big plans for 2022, with the retailer announcing plans to invest up to $5 billion this year to open new stores, enhance its digital, fulfillment and supply chain capabilities, and expand its shop-in-shop concept with Ulta Beauty. and New York’s Times Square.
Product from a tech lens Prior to launching Uni in 2022, Keating founded a charity platform GoFundraise while she was at university before founding app creator DWNLD which she went on to sell to Dropbox in 2017. Uni has a large innovation and tech side to it, so it feels like the same world to me, she stated.
Renowned Australian footwear business Munro Footwear Group (MFG) recently acquired the popular but beleaguered New Zealand kids’ footwear brand Bobux, as part of a plan to consolidate its presence in the children’s market. The long-term plan is still being finalised,” he said. The initial focus is on stabilisation.
Customer experience LSKD has ‘audacious’ growth plans for the next few years and Shaughnessy is expected to play a key role in helping the brand create a unique in-store experience and ensuring the right products are stocked in each store. LSKD was recently named ‘Business of the Year’ in the 2024 Telstra Best of Business Awards.
Enthusiasm for this new way of shopping fueled the company in its early years, leading to its IPO in late 2017. Last year, Baer laid out his plan to turn it all around, beginning with a reimagining of the Stitch Fix brand and experience. But as with most good ideas, competitors followed, customers left, and with them went revenues.
Liverpool Football Club has submitted a planning application to Liverpool City Council to expand and refurbish its flagship retail store, located outside Anfield Stadium. The proposed plans could see the store size increase by just under 4000 square feet as we extend the mezzanine floor and revamp the store ahead of the 2025/26 season.
Amazon acquired Whole Foods in 2017 for $13.7 “Since we’ve introduced Amazon One at Whole Foods Market stores over the past two years, we’ve seen that customers love the convenience it provides, and we’re excited to bring Amazon One to all of our customers across the U.S.” billion.
Mattress Firm has withdrawn its plans for an IPO this year, according to documents filed with the SEC. In 2017, Mattress Firm filed for bankruptcy to facilitate a prepackaged restructuring that included the closure of 700 underperforming stores. Today, Mattress Firm operates 2,300 stores across the U.S.
Amazon, the $2 trillion gorilla, arrived on our shores officially in December 2017, just in time for Christmas. In April 2024, it announced it planned to invest $490 million in opening two new fulfilment centres in Horsley Park, Western Sydney, with one to open later in 2025 and the other by 2026. Amazon announced it posted over $3.1
More recently, the company’s offline efforts have been in the convenience space, with the launch of its cashierless Amazon Go stores, and grocery, following its acquisition of the upscale US grocery chain Whole Foods in 2017. In April, Amazon opened a hair salon in London. So I’m not surprised by the move,” Facioni told Inside Retail.
The department store retailer previously tried to go private in 2017 in a deal that ultimately fell apart, according to CNBC. Nordstrom’s current plans to explore going private were first reported by Reuters in March 2024.
The company plans to relaunch Tigerlily early next year following a restructure, according to sources with knowledge of the deal. The brand was acquired by Crescent Capital in 2017, but fell into voluntary administration in March 2020, largely due to the impact of Covid-19.
The lawsuit, filed in 2017, alleged that Founder and then-CEO Kevin Plank knowingly or recklessly misrepresented facts regarding consumer demand for Under Armour’s products as well as the company’s financial and operating results, according to the Wall Street Journal. 16, 2015 and Nov. billion revolving credit facility.
But the pharmacy chain has plans that far exceed Australias border, launching into New Zealand in 2017 with its first store and growing its footprint there to a total of 48 stores quickly. Now, Chemist Warehouse has stores internationally across New Zealand, Ireland, China and most recently Dubai.
Ascena filed for Chapter 11 bankruptcy protection in July, and is currently finalizing a plan that would cut its debt by approximately $1 billion and give ownership of the remaining assets to lenders including Bain Capital and Monarch Alternative Capital. Ascena already is planning to sell Catherines to FULLBEAUTY Brands for $40.8
Aldi began working with Instacart in 2017 and in June 2023 debuted Aldi Express, a virtual convenience store offering nearly 2,000 of its most-shopped items for delivery. “By In March 2024 Aldi laid out plans to add 800 U.S. Aldi will roll out Instacart Connected Stores solutions across all Aldi South Group locations in the U.S.,
Related Story Aussie outback footwear brand RM Williams confirms Soho debut 07/08/2017 x 2:03 PM RM Williams opened its first UK store in Knightsbridge in 1989, however its international expansion was previously held back due to production constraints.
“As we execute our 2024 plans and look to the future, we’re putting key leaders and capabilities in place to sustain profitable growth over the long term,” said Brian Cornell, Chair and CEO of Target in a statement. Gomez joined Target in 2013 and was named to the leadership team in 2017.
When we talked to [merchants] in 2016 and 2017, the immediate response was, Why on earth would I make returns easier? Retail TouchPoints) Those robots are central to how Happy Returns plans to continue to scale its business. The company plans to continue to incorporate more automation into its operations this year and beyond.
Since its expansion into Australia in 2017, the retailer has opened 78 stores including the new TK Maxx store in WA. Having doubled its presence across Australia, the company plans to open further stores in Perth in the coming years as part of its continued national growth strategy.
For the coming fiscal year, the retailer is planning $800 million in CapEx expenditures to fund a major brick-and-mortar expansion that will enlarge its total store square footage by 2% — its largest physical expansion since 2017. Dick’s Sporting Goods posted strong results in fiscal 2023, which ended Feb. increase in comp store sales.
Canada Goose has named Matt Blonder as its first-ever Chief Digital Officer (CDO), one of five key appointments designed to drive the retailer’s five-year strategic growth plan. Having joined Canada Goose in 2017, Bourke previously led the retailer’s investor relations and strategy functions.
Cosmetique, an Australian national cosmetic and injectables chain, has announced plans for a $17.5 With new clinic sites already slated for 2025, the expansion will involve opening four new clinics in New South Wales and Victoria initially, with more planned for following years. million ASX listing of parent company Stormeur.
million people plan to shop between Thanksgiving Day and Cyber Monday in 2022, representing 69% of all holiday shoppers, according to a survey conducted by the National Retail Federation (NRF) and Prosper Analytics. This would be nearly 8 million more people than in 2021 and the highest estimate since NRF began tracking the data in 2017.
Walmart also plans to upskill its associates with knowledge about how to use the new equipment, which will better prepare them for future jobs and reduce the need to directly handle freight. Walmart and Symbotic have been working together since 2017, when the companies launched a pilot of the automation system at a Brooksville, Fla.
The company has been profitable since 2017. The company plans to add more than 100 additional stores in the U.S. The company plans to add more than 100 additional stores in the U.S.
MINISO , a Japanese-inspired lifestyle retailer, has set its sights on brick-and-mortar growth and is accelerating its plans during the holiday season. The company revealed its plans to double its store fleet by the end of 2021, reaching 53 locations in the U.S. in April 2017, MINISO has forged a unique place in the market.
In 2017, she took on the role of category director for fashion and beauty. Last week, the supermarket revealed plans to cut 3,000 jobs as part of a drive to simplify its business and address rising costs, including a 140m leap in employer national insurance contributions from April.
Just five months after the opening its first brick-and-mortar store in Las Vegas, size-inclusive lingerie brand Savage x Fenty is planning to more than double its physical footprint, from five locations to 11. metro area.
The announcement of Alibaba’s CFO transition today is the culmination of extensive preparation over many years and a part of Alibaba’s leadership succession planning,” said Wu in a statement. From 2014 to 2017, she was Alibaba’s Chief Customer Officer. com , AliExpress and Taobao Deals.
He will succeed Marco Gobbetti, who was named Burberry CEO in 2017. I am looking forward to returning to London, where I first built my career in the luxury industry, to join a talented team with ambitious plans for the future and a strong platform to accelerate growth.”.
In a planned leadership transition, Michael Witynski has been named CEO of Dollar Tree. Gary Philbin, the company’s CEO since September 2017, is retiring but will serve as a member of the board through September 23, 2020. In December, Witynski was promoted from President and COO to a newly created position of Enterprise President.
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