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Ikea Plans $2.2 Billion Investment to Advance Omnichannel Presence

Retail TouchPoints

Plans include opening new stores, strengthening its fulfillment network and enhancing its regional product offerings to better reflect the needs of customers in different parts of the country. ramp up our fulfillment capacities and make our offer even more relevant to local customers’ needs and dreams.” billion in its U.S.

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Beyond Acquires Zulily, Plans to Revive Brand in Q2

Retail TouchPoints

The transaction excludes all of Zulily’s liabilities, liens and debts, as well as the company’s remaining inventory and two fulfillment centers, which advisory firm Gordon Brothers was engaged to sell off in late January 2024. plans to relaunch Overstock.com as a standalone site later this month. Beyond paid $4.5 Now Beyond, Inc.

Planning 264
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Ikea unveils US$2.2 billion expansion plan 

Inside Retail

Ikea is planning to invest more than US$2.2 According to Ikea, this is the company’s largest investment in the US in four decades, and it will focus on creating new stores and expanding fulfilment networks to serve more Americans. The expansion is a potential threat to Wayfair, At Home and other many mass-market players.

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Wayfair Participates in Autonomous Trucking Pilot Along Dallas-Houston Corridor

Retail TouchPoints

Home furnishings retailer Wayfair will be part of a six-week autonomous delivery pilot this July and August along the I-45 corridor between Houston and Dallas. Hunt Transport Services will deploy the Waymo Driver solution, and will use J.B. Hunt 360 technology to automate processes such as check calls and transactions.

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Address Labor Shortages by Creating Attractive Retail Career Paths

Retail TouchPoints

According to data from BDO , 51% of retailers are planning to implement training to upskill employees’ technology capabilities, said Natalie Kotlyar, BDO’s National Leader for the Retail and Consumer Products Industry Group in an interview with Retail TouchPoints.

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Retail Sales Drop 0.6% in November, but NRF Expects Flat Return Rate Despite Higher Sales

Retail TouchPoints

decline, furniture and home furnishings stores reported a 2.6% Nearly 44% of survey respondents indicated they planned to hire more staff to handle returns during the holiday season, and 71% of these retailers intend to add staff specifically for stores. Certain areas were hit harder than others. Department stores saw a 2.9%

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How Ikea Australia plans to champion affordability and the shopping experience

Inside Retail

MV: In recent years, we have invested heavily in our journey as an innovative omnichannel retailer, opening Plan and Order Point locations in Greater Melbourne and Sydney, enabling us to be exactly where our customers need us to be, which is a key part of our growth strategy for Ikea in Australia.

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