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Advance Auto Parts to Shutter 523 Stores, Exit 204 Independent Locations

Retail TouchPoints

AAP appears to be moving toward a footprint with fewer stores overall but with additional larger stores, such as the 45,000-square-foot “super hub” location it opened in Los Angeles in June 2022. AAP recently completed the sale of Worldpac , a wholesale distributor of auto parts, for approximately $1.5 In its Q3, which ended Oct.

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Under Armour Will Exit up to 3,000 Wholesale Partnerships to Focus on DTC

Retail TouchPoints

Under Armour plans to overhaul its wholesale partnerships, exiting between 2,000 and 3,000 stores in North America, according to company executives on a recent earnings call. The brand expects to be in approximately 10,000 stores by the end of 2022 as it shifts its toward direct-to-consumer (DTC) channels. “I ”

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Calpak Embarks on a New Retail Adventure: Physical Stores

Retail TouchPoints

Photo credit: Calpak From Pop-Up to Permanent Calpak initially realized the power of retail when it started forging partnerships with Nordstrom and other wholesale partners, according to Shin. Calpak undoubtedly tapped into the learnings from its pop-up to better plan for the LA store’s opening.

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Levi’s Plans to ‘Accelerate Growth’ by Adding 400 New Stores, Tripling Ecommerce

Retail TouchPoints

At its June 1, 2022 Investor Day, Levi Strauss and Co executives laid out an aggressive strategy to propel the company toward revenues of $9 to $10 billion by 2027, by doubling down on DTC and diversifying beyond denim. “We The company reaffirmed its expectations for fiscal 2022, with revenues expected to reach $6.4 billion this year.

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Kroger Countersuit Blames Albertsons for Merger’s Failure

Retail TouchPoints

The suit also accused the retailer of engaging in a secret and misguided campaign, together with C&S Wholesale Grocers , the divestiture buyer, to purse its own regulatory strategy, which ultimately undermined Krogers efforts, according to a Kroger company statement. The merger had originally been announced in October 2022.

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BJ’s Wholesale Club to Power Up Shelf-Scanning Robots at All Locations

Retail TouchPoints

BJ’s Wholesale Club has entered a partnership with Simbe to roll out the solution provider’s automated business intelligence robot, Tally, to all 237 stores. The retailer plans to utilize the AI-powered solution to provide greater visibility into club conditions and drive deeper business insights.

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

Retail TouchPoints

Prior to that Natori was a 100% wholesale business, selling into retailers such as Saks , Neiman Marcus , Nordstrom and Bloomingdale’s , but the company’s willingness to innovate has served it well, particularly throughout the COVID pandemic. Introducing DTC Without Damaging Wholesale. And earn his stripes he has.

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