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7-Eleven Parent Plans Corporate Restructuring to Sharpen Focus on Convenience Business

Retail TouchPoints

Seven & i Holdings , parent company of 7-Eleven , plans to create a new holding company for its supermarkets, specialty stores and other non-convenience store businesses. The newly named York Holdings Company would consolidate 31 businesses and eventually go public with an IPO.

Planning 261
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Aeon Mall hits the right note in Japan and Vietnam, but China is still problematic

Inside Retail

Specialty store metrics at the companys malls reflected rising prices and higher average transaction values in Japan, with sales growth at the Japan malls of 6.2 The companys new mall in Hue mall has more than 51,000 square metres of leasable area and 140 specialty stores, the vast majority of which are new to the central region.

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Tapestry Offloads Stuart Weitzman to Famous Footwear Parent Company Caleres

Retail TouchPoints

In the wake of its failed merger with Capri Holdings , Coach parent company Tapestry is following through with its plan to move with speed and boldness to accelerate growth for our organic business, as Tapestry CEO Joanne Crevoiserat put it last November.

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020.

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With Sights on Global Growth, Draper James Sells Majority Stake

Retail TouchPoints

Draper James’ DTC ecommerce site and three retail stores will remain open, but the brand also plans to extend its presence globally to premium department and specialty stores, as well as expand its exclusive collection with Kohl’s.

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Saks Fifth Avenue teams with Reliance Retail to enter India amid luxury boom

Inside Retail

Infant stage The department store industry is nascent in India since the format (as per the usual definition) does not exist yet, Selvane Mohandas du Mnil, managing director at International Association of Department Stores (IADS), told Inside Retail.

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Funday founder on how retail has changed since Covid – and remained the same

Inside Retail

As foot traffic returned, we rapidly expanded into mass grocery, petrol and convenience; channels like Woolworths, Coles, Ampol, Coles Express and thousands more independents and specialty stores. IR : What’s next for Funday in the near future? Global demand is growing fast thanks to our strong brand and performance in-market.