Inside Retail

SEPTEMBER 13, 2023

The figure is a 12 per cent rise on the contribution in June 2022. The chain was listed by GapMaps as one of the fastest-growing QSR brands by store numbers this year Another 30 outlets, including drive-throughs, are in the plans for the Australian market. There 23 GYG restaurants in the US, Singapore and Japan.

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Planning Accounting Returns Marketing 278

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. International growth also was likely helped by recent investments in Spain , where the company opened two stores and launched a dedicated ecommerce site in September 2022. billion and $2.17

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Planning Marketing Accessories Location 250

Retail TouchPoints

DECEMBER 8, 2023

Dollar General is planning approximately 2,385 real estate projects for fiscal year 2024, including about 800 new store openings (including approximately 30 pOpshelf openings and 15 new stores in Mexico ), along with 1,500 store renovations and 85 store relocations. Vasos called the slowdown “prudent in this environment.”

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Planning Apparel Location Consumer 240

Retail TouchPoints

MARCH 6, 2024

million generated in 2022. Warby Parker, which began life as a pure-play DTC retailer, opened 40 stores in 2023 for a total of 237 and plans to open another 40 stores this year. In only its second full year as a public company, Warby Parker generated net revenue of $71.7 million in 2023, 12% higher than the $669.8

Planning 251

Planning Marketing Spend Management Shopping 251

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. “As Toys ‘R’ Us marked its initial return to U.S.

Planning 268

Planning Specialty Retailers Shipping Returns 268

Retail TouchPoints

OCTOBER 13, 2023

Netflix is reportedly planning to open permanent brick-and-mortar stores, beginning in 2025 with two in the U.S. Netflix has operated multiple pop-up stores around the world, including a multi-title location in Los Angeles that operated during the 2022 holiday season and a Manhattan location tied to the Bridgerton series.

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Location Planning Wholesale Consumer 226

Retail TouchPoints

SEPTEMBER 26, 2023

Drugstore chain Rite Aid is reportedly negotiating with creditors on a Chapter 11 plan that would include liquidating a hefty number of its 2,100 -store fleet, according to the Wall Street Journal. Sources also revealed that Rite Aid plans to auction off its Elixir pharmacy unit and other valuable parts of the business.

Planning 252

Planning Store Operations 252

Retail TouchPoints

JUNE 29, 2023

The closures are part of Walgreens’ plan of “accelerating our portfolio optimization to further simplify the business,” according to CFO James Kehoe. However, operating losses grew to $500 million in Q3 2023 compared to a loss of $333 million in Q3 2022. The specific stores that will be targeted have not been announced, but the U.S.

Planning 247

Planning Location Store Operations 247

Inside Retail

FEBRUARY 11, 2024

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.

Planning 264

Planning Drop-Shipping Customer Experience Wholesale 264

Retail TouchPoints

MARCH 31, 2023

Wish has been in the midst of a massive turnaround effort for more than a year now, and in summer 2022, the app reintroduced itself to consumers with a rebrand and major marketing blitz. And this is just the first of in a series of shopping events Wish has planned for 2023.

Planning 311

Planning Consumer Shipping Shopping 311

Retail TouchPoints

FEBRUARY 2, 2024

net sales decline in Q4 2023, Tractor Supply still plans to open up to 95 brick-and-mortar stores in 2024, as well as complete its 10th distribution center. The retailer plans to open approximately 80 Tractor Supply stores and 10 to 15 stores under its small-box pet supply banner, Petsense by Tractor Supply.

Planning 207

Planning Location Store Operations Fulfillment 207

Retail TouchPoints

APRIL 28, 2023

For fiscal 2022, which ended Jan. In Q4 2022, net sales of $4.24 Executive Chairman and Interim CEO in the March 9, 2023 press release discussing the company’s Q4 and FY 2022 results. He was named Interim CEO in July 2022 following the departure of CEO and President Sonia Syngal. 28, 2023, net sales of $15.6

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Planning ATS Marketing 255

Retail TouchPoints

NOVEMBER 15, 2023

Starbucks Workers United , the union trying to organize Starbucks workers across the country, is planning a “Red Cup Rebellion” on Nov. Labor efforts started slowly at REI: the August 2022 unionization of a Berkeley, Calif. 16, the retailer’s “Red Cup Day” — traditionally one of Starbucks’ busiest days of the season.

Planning 266

Planning Department Stores Wholesale Location 266

Retail TouchPoints

FEBRUARY 26, 2024

After opening a net 23 new stores in 2023 for a total of over 400 locations, Sprouts Farmers Market plans to open 35 new locations this year, all in its new smaller-store format. Sprouts executives revealed the retailer’s growth plans while discussing its strong Q4 and FY 2023 results. Comp store sales also grew by 3.4%.

Planning 210

Planning Supermarket Location Marketing 210

Inside Retail

JULY 17, 2024

The gelato chain has another six stores in the pipeline to open across the country in 2024, and plans to maintain this trajectory for the next five years. Gelatissimo’s strategic growth plan includes expanding into Perth and regional Australia, as well as other cities and coastal towns.

Planning 182

Planning Customer Experience Location ATS 182

Inside Retail

JULY 18, 2023

The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program. The post Woolworths plans $370 million rebrand, upgrade of its NZ store network appeared first on Inside Retail.

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Planning Supermarket Department Stores Wholesale 246

Retail TouchPoints

JANUARY 18, 2024

Digital Brands Group (DBG) — the parent company of a collection of digital-first lifestyle brands including Bailey 44 , Harper & Jones and Sundry — will open its first physical store in March 2024 and plans to have 50 locations within the next several years. million in annual revenue and annual cash flow of over $500,000 a year.

Planning 213

Planning Customer Retention Wholesale Location 213

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. The company outlined its “Driving Change” transformation strategy in its October 2022 annual report. ASOS experienced a year of declining sales.

Finance 287

Finance Fashion Planning Marketing 287

Retail TouchPoints

NOVEMBER 25, 2024

one of its three main markets by 2026, Mango plans to operate 42 stores in the country by the end of 2024. The apparel retailer also plans to open more than 20 locations next year, primarily in the Sun Belt and Northeast, according to CNBC. Moving toward its goal of making the U.S. stores by the end of 2025. stores by the end of 2025.

Planning 167

Planning Apparel Location Marketing 167

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.

Planning 55

Planning Shopping 55

Retail TouchPoints

AUGUST 4, 2023

This omnichannel expansion comes on the heels of a strong fiscal 2022, with the retailer reporting $1.8 “We’re grateful to be in a position to expand our retail presence and build new wholesale relationships in order to serve more customers.” billion in revenues.

Specialty Retailers 244

Specialty Retailers Wholesale Planning Outdoor 244

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 306

Planning Location Shopping Point of Sale 306

Retail TouchPoints

JANUARY 30, 2023

The cuts are part of Foot Locker’s plans to “simplify the business” and put a greater emphasis on omnichannel operations, according to CEO Mary Dillon. The strategy was announced in November 2022 and included plans to reduce the number of global banners the company operates, including winding down two joint ventures in Europe.

Planning 291

Planning Promotions ATS 291

Retail TouchPoints

JULY 27, 2022

Dollar General is planning to build three 1 million-square-foot distribution centers in an approximately $480 million combined investment to support the growing DG Private Fleet presence. Dollar General plans for the DG Private Fleet to account for 40% of all its drivers by early 2023. “We Aurora, Colo.; and Salem, Ore.,

Checkout 300

Checkout Kiosk Planning Accounting 300

Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. Deloitte found that 51% of lower-income earners and 38% of higher-income earners felt that their finances took a turn for the worse in 2022. Retailers Must Show Economic Empathy.

Payment Services 315

Payment Services Promotions Consumer Inventory Management 315

Retail TouchPoints

JANUARY 23, 2023

GameStop is reportedly planning to close its Shepherdsville, Ky. The number of employees who worked at the facility is unavailable, but GameStop said it planned to employ 400 when it opened the warehouse in 2016. 7, 2022 investor call. distribution center, according to a letter to employees seen by WDRB News.

Planning 276

Planning ATS Fulfillment 276

Retail TouchPoints

MARCH 3, 2023

Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential store remodels and open approximately 10 additional outlet stores over the coming year. billion in Q4 2022. Comparable sales fell 9.3%

Planning 283

Planning Shopping Location Consumer 283

Retail TouchPoints

FEBRUARY 27, 2024

Macy’s plans to close 150 underproductive nameplate stores — approximately 50 this year alone — and continue its expansion of smaller-format stores as it prioritizes investment in about 350 go-forward locations. lower than the same period in 2022, with comp sales down 5.4% drop from 2022. Macy’s, Inc. Q4 net sales of $8.1

Location 244

Location Department Stores Fulfillment Planning 244

Retail TouchPoints

APRIL 28, 2023

billion in Q1 2022. Amazon put an emphasis on convenience as a driver for its retail business during the quarter: nearly 26 million customers utilized same-day delivery, up 50% compared to Q1 2022, according to CEO Andy Jassy. While Amazon’s retail sales growth held steady from 2022, AWS’ growth of 16% to $21.4

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Fulfillment Planning Customer Experience Management 303

Retail Gazette

DECEMBER 5, 2024

The approval allows the high street giant to move forward with plans to demolish the three buildings it occupies and replace them with a 10-storey mixed-use development, including a new flagship store and office space.The project includes a smaller M&S store, offices, a pedestrian arcade, a café, and a gym.

Planning 119

Planning Location Shopping Department Stores 119

Retail TouchPoints

MARCH 22, 2023

Last year Kohl’s and Sephora announced plans to expand their partnership to all of Kohl’s more than 1,100 locations. With the addition of these 250 locations, the total Sephora at Kohl’s fleet will reach more than 850 by the end of this year, in line with the planned timeline of the rollout.

Shopping 285

Shopping Location Planning ATS 285

Inside Retail

SEPTEMBER 1, 2024

Stuart and Samantha Cook launched the vegan fast-food brand amid rapid growth in the plant-based food market and had plans to franchise the chain. In 2022 he told Franchise Executives the brand would franchise in 2023 and announced the ambition to open 1000 restaurants within 10 years. and a $2.4m net loss for FY23.

Marketing 299

Marketing Consumer Planning 299

Retail TouchPoints

SEPTEMBER 21, 2023

billion this year, up from 2022’s record $10.6 Nearly one-third ( 32% ) plan to shop online. The spending increases are being fueled by the cost of costumes, which are more popular than ever: 69% of those celebrating Halloween plan to buy costumes, up from 67% in 2022. The survey of 8,084 consumers, conducted Sept.

Discount Store 248

Discount Store Consumer Planning Returns 248

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. Revenue for Q3 2022 was $142.7 million , compared to $118.9 million in Q3 2021, and the net loss for the quarter was $47.3

Payment Services 291

Payment Services ATS Accessories Planning 291

Retail TouchPoints

MARCH 3, 2023

Nordstrom will shutter its six full-line department stores and seven Nordstrom Rack stores in Canada, along with its Canadian website , in a move that is expected to save the retailer $35 million in EBIT in fiscal 2023 compared to fiscal 2022. The announcement came as Nordstrom reported its Q4 2022 and FY 2022 results.

Department Stores 263

Department Stores Customer Experience Planning Store Operations 263

Retail TouchPoints

FEBRUARY 1, 2023

Administrative Law Judge Benjamin Green’s ruling concerns JFK8, which successfully unionized in April 2022, and LDJ5, which rejected its own union campaign in May 2022. In November 2022, a federal judge ordered Amazon to stop retaliating against employees engaged in workplace activism due to the firing of a former employee at JFK8.

ATS 285

ATS Employee Engagement Planning Marketing 285

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.

Planning 298

Planning Store Operations Consumer 298