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Silly Solly’s plans 10 more stores as it moves to franchise model

Inside Retail

Aussie discount retailer Silly Solly is on a growth trajectory, with plans to expand as a franchise, after shifting from a licensing model. We believe in the model, it’s been operating since 2018.” The Silly Solly’s brand has come full circle, now owned by Stanton and an Australian management team that reinvented the model in 2018. “We

Planning 298
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Kroger Plans $770M Investment in Raising Wages, Boosting Benefits for Frontline Workers

Retail TouchPoints

Kroger will make a more than $770 million incremental investment in its associates during 2023 in order to raise average hourly rates, improve healthcare options and build new training and development opportunities, among other plans. billion Kroger has invested in its workers since 2018. This initiative builds on the $1.9

Planning 278
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Circuit City Plans to Curate Shop-in-Shops Using its Electronics Expertise

Retail TouchPoints

Circuit City has launched a Series A funding round along with plans for alliances with national companies, though it did not identify which companies will be involved. The integrations are slated to begin online and in select locations this year, with a more expansive rollout planned for 2024.

Planning 277
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Olympia Sports Files for Bankruptcy, Plans to Close Remaining Stores by Sept. 30

Retail TouchPoints

The retailer plans to close its 35 remaining brick-and-mortar stores by Sept. Currently, the retailer sells exclusively through its remaining physical stores following a late entry into the ecommerce space that began in 2018 and ended in April 2022. 30, 2022, according to a filing with the U.S. bankruptcy court in Delaware.

Planning 304
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Claire’s Continues Lifestyle Push with Plans for Branded Products

Retail TouchPoints

Under the multi-year agreement, IMG will bring to market complementary products that support Claire’s brand purpose of inspiring self-expression and individuality, in categories including apparel , fashion accessories and room décor as well as lifestyle and special occasion products.

Planning 278
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Woolies blocks Wesfarmers’ plans for API with $872 million bid

Inside Retail

Woolworth’s play is the latest in a string of acquisition offers for API, from a proposed merger with Sigma in 2018 , to an offer of acquisition from Wesfarmers in 2021 , which was rivalled by Sigma , and now Woolworths. The post Woolies blocks Wesfarmers’ plans for API with $872 million bid appeared first on Inside Retail.

Planning 264
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Mad Mex returns to Australian ownership, ends Asia expansion plans

Inside Retail

The recent acquisition also means the end of Mad Mex’s ambitious expansion plan in Asia , which was announced two years ago before the pandemic forced it to change the strategy. . “I In 2018, 4Fingers bought 50 per cent of Mad Mex as part of the Australian Mexican quick-service restaurant brand’s expansion into Asia.

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