Retail TouchPoints

DECEMBER 21, 2022

FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2 2023, which ended Nov. The reductions will add to cost-cutting measures announced in September to bring FedEx’s total fiscal savings plan for 2023 to $3.7 FedEx had expected revenue of $23.7

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Retail TouchPoints

MARCH 9, 2023

The retailer also plans to exit its Field & Stream banner; after closing 12 of those stores in Q4 2022, which ended Jan. The retailer: Introduced its House of Sport concept store in April 2021; Debuted its Going, Going, Gone! The retailer’s expansion plans come on the heels of a fairly strong fiscal year: net sales rose to $12.4

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Retail TouchPoints

JULY 7, 2022

billion mobile augmented reality (AR) users by 2024 Players on Roblox, a well-known gaming metaverse, posted nearly 10 billion hours in playing time in Q1 2021, with players averaging 156 minutes per day . A Metaverse Preparedness Action Plan. My recommendation is to get this plan done this year. Craft your data plan.

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Retail TouchPoints

SEPTEMBER 29, 2023

brick-and-mortar retailing in late 2021 with a 20,000-square-foot flagship store at New Jersey’s American Dream mall , followed by 452 Toys ‘R’ Us shop-in-shops at Macy’s in 2022. No information about the number of planned stores or their opening dates was available. Toys ‘R’ Us marked its initial return to U.S.

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Planning Specialty Retailers Shipping Returns 293

Inside Retail

SEPTEMBER 27, 2023

Lego has scrapped its plans to make its bricks from recycled bottles after discovering the method does not reduce emissions and, when adopted at scale, would leave a higher carbon footprint. The post Lego scraps plans to make bricks from recycled bottles appeared first on Inside Retail Australia.

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Retail TouchPoints

OCTOBER 31, 2022

Looking ahead, we remain confident in our expansion plans and continue to see plenty of opportunity to grow to at least 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS locations over time.” billion in Q1 2021 to $4.3 billion in Q1 2022, which prompted the retailer to revise its forecast for the remainder of the year.

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Retail TouchPoints

MARCH 7, 2023

As part of the retailer’s plans to open 100 locations in 2023, Ross Stores opened 11 Ross Dress for Less and eight dd’s Discounts stores in 13 states during February and March. 28, 2023, but the retailer attributed the drop to a phenomenal Q4 2021 in which comparable sales jumped 13%. billion in 2021. billion versus $18.9

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Retail TouchPoints

MARCH 31, 2023

And this is just the first of in a series of shopping events Wish has planned for 2023. A former CFO for Shutterfly and Lexmark , she joined as Wish’s CFO in November 2021 and added COO to her title in late 2022. “In Joe Yan, CEO, Wish Central to Wish’s turnaround effort has also been a drawn-out reshuffling of its C-suite.

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Retail TouchPoints

MARCH 21, 2023

billion generated in Q4 2021. The plan to do that — dubbed “Lace Up” — will include simplifying operations and investing in “core banners and capabilities.” Other plans include a reset of the retailer’s loyalty program and the development of an enhanced omnichannel experience. 28, 2023, with sales down 0.3% billion from the $2.34

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Retail TouchPoints

MAY 26, 2023

Performance apparel brand Canada Goose is continuing its retail expansion across the West Coast with plans for its first Los Angeles store, a permanent presence east of Seattle in Bellevue, Wash. The three new stores are part of the company’s plan, announced earlier this year , to more than double its current global store count by 2028.

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Retail TouchPoints

MARCH 29, 2023

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. Macy’s had eliminated the COO position, it turns out temporarily, in March 2021. Gennette will work with both Spring and Mitchell until his retirement to ensure a smooth transition.

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Planning Home Furnishings Finance Management 261

Retail TouchPoints

NOVEMBER 21, 2022

The retailer aims to create a consumer-driven demand engine by growing its ecommerce operations while adjusting its global operations, including halting a planned expansion into Japan. 18 call with investors. Having a stronger backbone and technology enablers will be a key priority for us going forward.”.

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Retail TouchPoints

MAY 22, 2023

The largest increase took place from 2021 to 2022 when shoplifting complaints increased 44% year-over-year to reach almost 64,000 , many of which were committed by organized theft rings , according to New York State Assemblymember Jenifer Rajkumar in a statement.

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Retail TouchPoints

MARCH 21, 2024

That’s why retailers must find ways to optimize their cloud resource planning strategies ahead of a time of demand. Scalability Is Key One key aspect of effective cloud resource planning is being able to dynamically scale infrastructure. Here are three key components of a well-managed ecommerce cloud strategy. So Who’s Doing It Well?

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Planning Customer Experience Management Promotions 255

Retail TouchPoints

OCTOBER 3, 2022

In late 2021, the company helped Walmart add embedded shoppable videos across Walmart.com, multiple media outlets, brand and talent sites and social platforms. TikTok’s live shopping platform is already operational in Asian markets including Thailand, Malaysia and Vietnam as well as the U.K. TalkShopLive has previously worked with U.S.

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Retail TouchPoints

JANUARY 2, 2024

Nike has laid out a plan to cut up to $2 billion in costs over the next three years in a bid to “accelerate future growth while building a faster, more efficient” organization, executives shared during the company’s fiscal 2024 Q2 earnings call. dollar that has negatively impacted second-half reported revenue versus 90 days ago.”

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Planning Wholesale Promotions Management 284

Retail TouchPoints

JUNE 5, 2023

The company is planning to open 50 net new stores this year, and 30 to 35 will be international, with the majority located in China. The company’s worldwide expansion is part of the “Power of Three x2” growth plan, which has goals including tripling international revenue from 2021 levels by the end of 2026.

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Retail TouchPoints

MAY 18, 2023

SHEIN has officially launched its Europe, Middle East and Africa (EMEA) headquarters in Dublin City Centre, Ireland and is planning to host approximately 30 pop-up store events across the region this year to boost its profile with customers. The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S.,

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Planning Marketing Net Profit Finance 270

Retail TouchPoints

FEBRUARY 3, 2023

HATCH weathered the depths of the pandemic without any layoffs and achieved 70% growth in 2021 and 30% in 2022, and Goldman expects further growth in the 25% to 30% range for 2023, despite the economic headwinds facing retail overall. The concept quickly found an audience, which helped it stay strong even during difficult times.

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Planning Shopping 64

Retail TouchPoints

JANUARY 19, 2023

Over the last several months we’ve demonstrated the extent to which we work every day to mitigate risk and protect our people, and our publicly available data show we’ve reduced injury rates nearly 15% between 2019 and 2021. What’s more, the vast majority of our employees tell us they feel our workplace is safe. “We

Planning 284

Planning ATS Shipping Location 284

Retail TouchPoints

NOVEMBER 18, 2022

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.

Shopping 284

Shopping Department Stores Planning Accounting 284

Retail TouchPoints

JUNE 7, 2022

During Brok’s tenure, Sephora has deployed new technology and services as well as expanding its partnership with Kohl’s : Sephora launched same-day delivery in partnership with Delivery Solutions in November 2021; In February 2022 , Kohl’s and Sephora revealed plans to add 400 Sephora shop-in-shops to reach their goal of 850 locations by 2023; and (..)

Planning 343

Planning Location Shopping Point of Sale 343

Inside Retail

OCTOBER 20, 2024

Former Lovisa CEO Shane Fallscheer is launching his jewellery business, Harli + Harpa, which plans to roll out several stores by Christmas. The new retailer will market itself as “Your walk-in jewellery box” and open a store at Sunshine Plaza, among other planned locations.

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Planning Location Marketing ATS 264

Retail TouchPoints

SEPTEMBER 13, 2022

Despite the decrease, the number of active subscribers was still 27% higher than the 97,614 figure from the same period in 2021. . The restructuring plan focuses mainly on a reduction in workforce, with some closures of open roles and reduced backfills, as Rent the Runway reorganizes to focus on customer experience and company growth.

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Retail TouchPoints

FEBRUARY 17, 2023

The RealReal will cut operating costs through layoffs and store closures, with plans to eliminate 230 positions, or 7% of its workforce, according to a filing with the Securities and Exchange Commission. million in Q3 2021, and the net loss for the quarter was $47.3 million in Q3 2021. Revenue for Q3 2022 was $142.7

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Payment Services ATS Accessories Planning 301

Retail TouchPoints

FEBRUARY 16, 2023

British online fashion and beauty retailer ASOS has appointed its second interim CFO in four months as current interim CFO Katy Mecklenburgh plans to leave in May 2023 for another role. A central piece of the plan is a reorganized executive team that will simplify decision-making within the company.

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Retail TouchPoints

JANUARY 25, 2023

In October 2021 , Starbucks announced plans to raise its minimum wage to $17 per hour by summer 2022, and in November 2021 Macy’s committed to a $15 minimum wage chainwide by May 2022. Target was among the first major retailers to raise its minimum wage to $15, in June 2020.

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Planning Store Operations Consumer 318

Retail TouchPoints

JULY 5, 2022

Amazon has delayed or canceled plans for at least 16 U.S. Census Bureau found that ecommerce sales as a percentage of total retail sales declined slightly in Q1 2022 compared to Q4 2021, even though they grew 2.4% Few other retailers can compete with Amazon’s reach even if many of its most recent plans have been put on hold. “We

Fulfillment 300

Fulfillment Planning Customer Experience Consumer 300

Retail TouchPoints

JUNE 3, 2022

The launch is likely related to Albertsons’ plans to re-enter the marketplace arena; the retailer’s Senior Director of Marketplaces Jasmin Krdzalic provided a “sneak peek” at the May 2022 RICE conference in Chicago.

Grocer 300

Grocer Customer Experience Planning Shopping 300

Retail TouchPoints

JUNE 9, 2023

According to Cooler Screens’ account, all was going well in the initial years of the arrangement, which included a successful three -month pilot in 2018 at six locations, followed by plans to expand to 2,500 stores. Lipsman is a major proponent of in-store retail media and also worked briefly at Cooler Screens in 2021.

Advertising 328

Advertising Planning Accounting Customer Experience 328

Retail TouchPoints

NOVEMBER 22, 2022

Target has been building the Starbucks with Drive Up app functionality since late 2021, citing customer demand for the option. Target plans to continue to enhance the offering in the future. The customer can then park in the designated Drive Up area and tap “I’m here” in the Target app to have their entire order delivered to their car.

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ATS Returns Planning Fulfillment 321

Retail TouchPoints

JANUARY 9, 2023

million over Q3 2021 to $41.6 The company went public relatively recently; Boxed announced its plans to do so in June 2021 as part of a merger with Seven Oaks Acquisition Corp. In Q3 2022, Boxed had $41.7 Retail generated nearly all the company’s net revenue, rising $3.4 Overall, the company’s net loss of $26.4 As of Jan.

Consumer 307

Consumer Planning ATS Fulfillment 307

Retail TouchPoints

JANUARY 23, 2023

Saks.com is planning to let at least 100 employees go, approximately 5% of the ecommerce retailer’s 2,000-person workforce, according to WWD and other media outlets. Saks.com was split off as an online standalone retailer by parent company HBC in 2021 in partnership with private equity firm Insight Partners.

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Inside Retail

JUNE 2, 2024

“Premier Retail remains well positioned in its leadership structure and will work through a constructive transition and succession plan in the months ahead,” the spokesperson added. Cheston’s departure comes as Premier Investments works on plans to spin off Smiggle and Peter Alexander into separate ASX-listed companies.

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Planning ATS Accessories Fashion 278

Retail TouchPoints

DECEMBER 10, 2024

Regal Brands Global , the new owner of iconic department store brand Lord & Taylor , plans to relaunch it as a discount luxury ecommerce platform in 2025. After relaunching itself as a digital-only retailer in April 2021 under the ownership of Saadia Group , Lord & Taylor added a retail media network to its offerings in December 2022.

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Department Stores Fashion Planning Fulfillment 280

Retail TouchPoints

MARCH 14, 2023

SHEIN X , which launched in January 2021, is an incubator program that has grown to nearly 3,000 global designers and artists who have launched more than 25,000 original creations, earning more than $5 million in commissions from sales.

Fashion 268

Fashion Planning Marketing ATS 268

Inside Retail

MAY 9, 2024

The company plans to relaunch Tigerlily early next year following a restructure, according to sources with knowledge of the deal. The business started to reemerge after Travis Wright , former GM of Esther & Co, became CEO in 2021. Founded in 2000 in Sydney, Tigerlily is known for its patterned dresses and bikinis.

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Planning Accessories Fashion 279