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Ollies Bargain Outlet has acquired 40 former Big Lots stores, jumpstarting its plans to open 75 new stores by February 2026. Ollies announced its real estate plans along with its financial results for FY 2024, which ended Feb.
Variety Wholesalers , one of the purchasers of assets from the bankrupt Big Lots discount chain, will reopen a total of 219 stores under the Big Lots banner, beginning on April 10, 2025 with nine locations in six states: Kentucky, Louisiana, Mississippi, North Carolina, Tennessee and Virginia.
BJ’s Wholesale Club will open five warehouse club stores in Tennessee, South Carolina, Florida and Indiana. These will be the first of 12 new locations planned for BJ’s 2024 fiscal year, which will end in February 2025; the retailer also plans to open 15 gas stations during this period.
along with C&S Wholesale Grocers , has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners. The purchase agreement includes the grocery and liquor storeoperations of the Winn-Dixie and Harveys banners, encompassing approximately 170 stores across the Southeast, as well as Winn-Dixies existing liquor business.
Toys R Us continues to captivate customers around the world, and we are thrilled to partner with a strong wholesale and retail operator like Cotton Candy International to introduce this beloved brand of families to Latin America for the very first time, said Stanley Silverstein, Chief Commercial Officer at WHP Global in a statement.
Privately held hardware wholesaler True Value has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware as it prepares to sell “substantially all” of its business operations to rival Do it Best Corp. True Value has received a commitment from Do it Best for additional operating funds if needed.
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.
BJ’s Wholesale Club has appointed Bob Eddy as the company’s new President and CEO. Bob’s leadership, strategic vision and deep knowledge of the business have been pivotal in driving BJ’s Wholesale Club’s transformation and record growth across all key metrics,” said Christopher J. Eddy also will join BJ’s Board of Directors.
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 5, 2024, AAP generated $2.1
Burton’s business has changed over the years, from almost exclusively wholesale to a 75%/25% mix of wholesale and DTC, but its systems hadn’t changed with it, explained Josee Larocque, Burton’s SVP of DTC and Digital Transformation in an interview with Retail TouchPoints. We began the journey by getting our heads around the data.”.
Louis-area stores are being acquired by Leevers Supermarkets , a current Save A Lot partner with 29 stores, and they will continue to operate under the Save A Lot banner. “As The time was right for us to step fully into our role as a licensed wholesaler and put all operations in the hands of our dedicated retailers.”
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.
Marc Fisher Footwear will take on the Hunter brand’s footwear design, wholesale and ecommerce operations. Authentic plans to tap its global network of category experts and best-in-class operating partners to accelerate the worldwide expansion of Hunter in the U.S. In the U.S.,
Kroger and Albertsons will sell 413 stores across 17 states and the District of Columbia, along with eight distribution centers, two offices and five private label brands, to C&S Wholesale Grocers for approximately $1.9 billion in cash.
Netflix is reportedly planning to open permanent brick-and-mortar stores, beginning in 2025 with two in the U.S. Dubbed “Netflix House,” the stores will offer dining, live experiences and retail options related to the streaming service’s shows, including a Squid Game -themed obstacle course.
Starbucks Workers United , the union trying to organize Starbucks workers across the country, is planning a “Red Cup Rebellion” on Nov. 16, the retailer’s “Red Cup Day” — traditionally one of Starbucks’ busiest days of the season.
The company plans to gain market share and increase currency-neutral sales by an average of 8% to 10% annually between 2021 and 2025, through an aggressive expansion of Adidas’s already booming DTC business, including ecommerce; digitalization of its operations and stores; an expanded membership program; and an increased focus on sustainability.
L.L.Bean will open four new stores this fall, two in Massachusetts and two in Quebec, along with a French-language ecommerce site to support its Canadian stores. wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S. billion in revenues.
Boisson has filed for Chapter 11 bankruptcy protection and shuttered its eight brick-and-mortar stores, according to multiple media reports and a LinkedIn blog post by Boisson founder Nicholas Bodkins. The non-alcoholic (NA) beverage brand plans to continue operating as a wholesaler and a DTC ecommerce retailer.
The creditors plan to take over Morphe’s wholesaleoperations, online platforms and international retail stores, subject to court approval. stores, though it confirmed in a tweet that stores outside the U.S. will remain operational. The company is in the process of closing all 18 of its U.S.
In practice, such investments are more profitable than maintaining outdated systems.Processes automation will help you place orders faster and control inventory better, improve overall operational efficiency and reduce costs. Wholesale Central is a leading B2B directory of wholesale suppliers and products.
based wholesale and retail business assets of the Scotch & Soda brand, which will allow its products to be sold in retail stores across the country. Currently the Amsterdam-based brand’s apparel, eyewear, fragrances and accessories are available in stores across Europe, North America, the Middle East, Africa and Australia.
Bass stores, as part of a restructuring effort that will result in the company putting more emphasis on its wholesaleoperations. The retailer’s 41 DKNY and 13 Karl Lagerfeld Paris stores, as well as the e-Commerce businesses of all its brands, will remain in operation.
The planned $24.6 While this is longer than we originally thought, we knew it was a possibility and our merger agreement and divestiture plan accounted for such potential timing,” according to a joint statement from the retailers. “We Top execs from both companies defended the merger in testimony to a U.S.
The company plans to reduce its debt and give senior lenders additional ownership as it seeks to reverse its fortunes or, potentially. The retailer plans to use this as an opportunity to negotiate with landlords as it restructures its finances, according to court papers. sell off brands.
billion merger, Kroger and Albertsons have increased the number of supermarkets they plan to divest by 166 , for a total of 579 stores. The updated plan also seeks to address unions’ concerns about the merger’s impact, including the United Food and Commercial Workers International Union, which voted to oppose the merger in May 2023.
The company will emerge with significantly less debt and continue operating 130 stores, its ecommerce site and the Waste Not Paper by Paper Source wholesale division. Elliott also owns Barnes & Noble , and the firm plans to look for mutually beneficial retail partnerships that leverage complementary aspects of each retailer.
(DBG), which has a portfolio of luxury lifestyle brands such as Bailey 44, DSTLD and Sundry , plans to open its first retail store in Dallas. “We are excited to begin the retail store phase of our growth strategy,” said Hil Davis, CEO of Digital Brands Group in a statement. “We
Under his leadership, Alo Yoga focused on a fashion-forward approach to wellness, building community and brand awareness with high-profile influencers along with store and category expansion. Prior to that, Blakeslee held several senior position at Broder Brothers (now Alphabroder), a wholesale distributor of branded products and services.
Voice picking systems are designed to scale with your business, making them ideal for companies managing multichannel fulfillment for ecommerce, retail and wholesale. Manage Peak Seasons Better One of the most powerful aspects of voice picking technology is its flexibility to adapt to fluctuations in order volume and changes in product lines.
Results from Retail TouchPoints’ 2023 StoreOperations Survey revealed that merchants’ top storeoperations challenges for 2023 were tied to employee hiring and retention ( 70% ), responding to high employee turnover ( 67% ) and employee training and engagement ( 56% ).
The domestic market exhibits robust engagement, with prominent retailers such as Beams and United Arrows implementing sophisticated luxury resale operations through initiatives like “Beams Re:Style” and their specialised refurbishment program. Entering the US in 2018, 2nd Street had 43 stores in the country at the end of November.
Bankruptcy Court for the District of New Jersey and plans to close all of its 42 stores across 16 states. The privately owned family business, long known as a premiere music retailer, is exploring options that could include selling its ecommerce operations and related IP as well as its “Samson” wholesale business.
Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing and their working conditions deteriorating.” billion , but the FTC has criticized the divestment as inadequate.
The retailer was acquired by Marquee Brands for approximately $50 million in December 2019 with plans to emphasize “ecommerce, select wholesale partnerships and strategic marketing relationships.”. A Pea in the Pod parent company Destination Maternity closed all its banners in late 2019 following bankruptcy proceedings.
The mall operator joined with Authentic Brands and mall owner Brookfield Property Partners to purchase Forever 21 out of bankruptcy in February 2020. The IP deal is valued at $90 million and includes the option to purchase inventory related to the e-Commerce and wholesale businesses at an additional cost.
Earlier in December, the retailer reportedly reached out to its creditors seeking liquidity help , and in November 2022, the retailer hired Peter Smith as its new COO to spearhead a planned $30 million in annualized cost reductions beginning in fiscal 2023. decrease from the same period the previous year, with comp store sales dropping 3.2%.
Like many retailers dealing with slow (or nonexistent) store traffic during the COVID-19 pandemic, tea retailer DAVIDsTEA is shifting its focus to e-Commerce and wholesaleoperations. the Montreal-based company is sending notices to terminate leases for 82 of its Canadian stores and all 42 U.S. Bankruptcy Code.
Red flag #1: No plans for omnichannel. You can’t not be in stores; 90% of activity is still happening there” said Nagar. “I For the best companies, wholesale is the primary part of your business. I can’t think of any DTC companies north of $20 million in revenue that don’t have wholesale revenue.”
CSR plans, even those with strong support at the Board level, made little progress on the ground in favor of efforts aimed squarely at keeping the business viable. According to the National Skills Commission, Australia’s retail and wholesale employment figures are still down a combined 83,090 jobs as of August 2021 versus two years ago.
Ensuring business continuity plans include appropriate responses to network outages, breaches and ransomware attacks. Her team consists of over 50 brokers, service specialists and consultants focused on risk management and insurance for the retail, wholesale and distribution of consumer goods.
Linstone also will retain his current title of CFO, and he remains in charge of both Lamps Plus Hospitality, the company’s hotels and resorts trade business, and Pacific Coast Lighting, a wholesale portable lighting company.
BJ’s Wholesale Club is now offering contactless curbside pickup for members at all 219 clubs, after testing the service on a limited basis earlier this year. While the service is currently available in select clubs only, BJ’s plans to roll it out to all locations by the end of October.
Jewelry brand Alex and Ani has commenced Chapter 11 bankruptcy proceedings in order to undergo a comprehensive financial and operational restructuring. The retailer plans to continue operating its currently open stores and website as usual during the court-supervised process.
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