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Chain Retailers Seeing More Than Retail Energy Savings in Outsourcing Energy Efficiency Management

Retail TouchPoints

Lowe’s signed a renewable energy agreement in November 2018 that will provide for enough energy to power all of its 143 stores in Texas. Department of Energy (DOE) reports that retail buildings account for the largest energy costs of any commercial sector in the country. How is this managed? What level of capital is involved?

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Claire’s Files for IPO as it Expands Presence Outside of Malls

Retail TouchPoints

compared to the same period in 2019, showing significant growth since its exited from bankruptcy in 2018. members accounted for half its sales in the country in the first half of fiscal 2021. Current owners Elliott Management and Monarch Alternative Capital will retain control over Claire’s following the IPO.

Jewelry 278
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Walmart Tests New Text-to-Shop Service

Retail TouchPoints

The retailer had a service called Jet Black, which let high-end NYC shoppers text orders for on-demand products ranging from cosmetics to party décor, that launched in May 2018 and was shuttered in February 2020. This isn’t Walmart’s first foray into text-to-shop.

Shopping 264
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Torrid Appoints Retail Veteran as New CEO

Retail TouchPoints

Chinwe Abaelu, SVP and Chief Accounting Officer, will serve as Principal Financial Officer until Torrid appoints a new CFO. As Torrid’s CCO, Muñoz will manage product, design, product development, fabrication, sourcing, technical fit, creative marketing and merchandising. Former PVH Corp.

Apparel 263
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WSJ: Apple Raises Starting Associate Pay to $22/Hour Amid Rising Inflation

Retail TouchPoints

The increase would make starting salaries 45% higher than they were in 2018 as the retailer faces the challenges of a tight labor market and a unionization push. Apple is reportedly planning to boost starting pay for U.S. store associates to $22 per hour, and even higher in certain markets, according to The Wall Street Journal.

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Shein sued for US$100 million by artist over ‘stolen’ design

Inside Retail

Stephenson has filed a suit against Zoetop Business Co, the Hong Kong-headquartered company trading as Shein, and Delaware, US-registered Shein Distribution Corp, based in California, with four claims covering copyright infringement, and the editing or absence of copyright management information.

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Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers

Retail TouchPoints

Ancora cited Kohl’s repeated rejection of acquisition offers, including from Sycamore Partners and Acacia Research in February 2022 and Franchise Group in July 2022, as part of the need for new management. The activist investor expressed concern that Kohl’s will be unable to manage a true turnaround. The fact is that Ms.