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BJ’s Wholesale Club Positions Smaller Store Concept as ‘Innovation Lab’

Retail TouchPoints

BJ’s Wholesale Club is testing out a smaller store format called BJ’s market. BJ’s market will serve as an exciting new innovation lab for BJ’s Wholesale Club,” said Bill Werner, EVP, Strategy and Development at BJ’s Wholesale Club in a statement. “We The first 43,000 -square-foot concept store opened in Warwick, R.I.

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Marquee Adds Laura Ashley to Brand Portfolio

Retail TouchPoints

Marquee bought the brand from Gordon Brothers , which acquired Laura Ashley out of bankruptcy in 2020. We acquired the British heritage brand out of insolvency in 2020 and built a flexible, scalable licensing business and a global ecommerce presence over the last four years, said Tobias Nanda, Head of Brands at Gordon Brothers in a statement.

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Vince Holding Corp. Changes Hands, Former CEO Brendan Hoffman to Return to the Helm

Retail TouchPoints

Hoffman previously served as CEO of Vince from 2015 to 2020 before leaving to lead Wolverine Worldwide, first as President and then CEO through August 2023. The brand also is sold in premium wholesale channels around the world and has a subscription service, Vince Unfold , that is operated by CaaStle.

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Wholesale Marketplace Faire Triples Valuation with $260M in Fresh Funding

Retail TouchPoints

Online wholesale marketplace Faire has raised $260 million in a Series F funding round led by Sequoia Capital. billion valuation that followed its Series E round in November 2020. This latest round values Faire at $7 billion , nearly triple the $2.5

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Inside Natori’s Transformation from High-End Wholesaler to Omnichannel Brand

Retail TouchPoints

The company’s wholesale business is still thriving, but now it’s only part of an omnichannel strategy that includes ecommerce , social commerce and marketplaces. Introducing DTC Without Damaging Wholesale. The key in the end was to ensure that Natori.com wasn’t really competing with the brand’s wholesale partners.

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Save A Lot Completes Transition to Wholesaler with Sale of 18 Stores

Retail TouchPoints

As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. This acquisition marks the final chapter in the retailer’s wholesale transformation, which began in 2020.

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BJ’s Wholesale Club Taps DoorDash for On-Demand Delivery in 17 States

Retail TouchPoints

BJ’s Wholesale Club has partnered with DoorDash to offer on-demand grocery delivery from 226 locations across 17 states. By 2027, the global last mile delivery market is expected to reach more than $200 billion , nearly double what it was in 2020.

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