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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.
British footwear and accessories label Kurt Geiger has unveiled plans to bring its London verve across the pond in a big way. where the brand has previously been sold via its owned website and wholesale at retailers including Bloomingdales , Nordstrom and Dillards sales grew 58.7% Following the opening of its first U.S. million ($3.1
Adore Beauty plans to expand its national retail store network over the next three years to accelerate its omnichannel growth. The beauty retailer will also grow its owned brand portfolio through retail and direct-to-consumer channels, as well as wholesale partnerships in new geographic regions. per cent to 814,000.
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.
Situated on London’s buzzing Oxford Street, the new collaboration sees Levi’s reaffirming its place at the centre of culture and its continued commitment to creating elevated experiences through wholesale partnerships. This collaboration with Selfridges is a perfect example of how were elevating wholesale partnerships.
Athleisure brand Fabletics will adopt a suite of SaaS-based supply chain planning solutions from Blue Yonder , including demand planning, allocation and replenishment, merchandise financial planning and size scaling. The transformation will be supported by Blue Yonder partner Plantensive.
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. its second store in the Hoosier State.
specializes in wholesale and , 65 years since its inception, now supplies many of those big-name retailers , as well as smaller regional chains, with name-brand off-price and closeout inventory. But it’s very hard to be a great wholesaler and a great retailer at the same time; we dont have a huge corporate management structure here.
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.
BJ’s Wholesale Club will raise its annual membership fees by $5 to $60 per year, and its Club+ fee will rise $10 to $120 per year, effective Jan. Our third quarter results demonstrate the combination of great value and strong execution,” said Bob Eddy, Chairman and CEO of BJ’s Wholesale Club in a statement. “We million members.
BJ’s Wholesale Club is testing out a smaller store format called BJ’s market. BJ’s market will serve as an exciting new innovation lab for BJ’s Wholesale Club,” said Bill Werner, EVP, Strategy and Development at BJ’s Wholesale Club in a statement. “We The first 43,000 -square-foot concept store opened in Warwick, R.I.
Through the partnership, Liverpool will manage all of Fabletics’ retail locations, ecommerce and wholesale operations across the region, starting in Q2 2025. In the future, the brand plans to expand its assortment to include more specialized collections and collaborations, such as its ongoing partnership with Khloé Kardashian.
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.
along with C&S Wholesale Grocers , has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners. This consortium continues C&S and SEGs longstanding partnership, added Eric Winn, CEO of C&S Wholesale Grocers in a statement. Financial terms of the current deal were not disclosed.
Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. The brand’s overall digital sales also increased 19% globally, while wholesale revenues were down by 1%.
Privately held hardware wholesaler True Value has filed for Chapter 11 protection in the U.S. True Value plans to use cash collateral to fund operations during the bankruptcy and purchase processes, which are expected to be completed by the end of 2024.
The company’s wholesale business is still thriving, but now it’s only part of an omnichannel strategy that includes ecommerce , social commerce and marketplaces. Introducing DTC Without Damaging Wholesale. The key in the end was to ensure that Natori.com wasn’t really competing with the brand’s wholesale partners.
Centric Software will introduce Centric Planning, a retail planning solution designed to help companies achieve strategic and operational digital transformation goals, at the 2023 NRF Big Show. Ultimately, the tool aims to help increase margins by enhancing the accuracy of forecasts and helping retailers optimize their decisions.
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.
G-Star said it plans to expand in Australia and New Zealand by boosting wholesale growth and launching new retail stores this year. The company has signed a deal with Good Products & Co for the distribution of its products in the two markets. The brand is now stocked at David Jones, The Iconic, Glue Store and Culture Kings.
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.
To hit the $10 billion mark in the next five years, the company plans to increase DTC revenues from their current 36% of the total to 55%. as well as plans to triple the ecommerce business. This shift to a DTC-first mentality doesn’t mean the end of Levi’s wholesale relationships, however. billion this year.
If you’re a wholesale retailer or brand owner and you haven’t already launched a direct-to-consumer sales channel, you’d better be thinking about it. The global pandemic not only accelerated the growth in ecommerce, it highlighted the shortcomings of wholesale-only sales channels. to visit your website. Web Design & Development.
As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. This acquisition marks the final chapter in the retailer’s wholesale transformation, which began in 2020.
APP is planning to open 60 of these market hub locations by mid-2027, as well as consolidating its distribution centers to 13 large facilities by 2026. AAP recently completed the sale of Worldpac , a wholesale distributor of auto parts, for approximately $1.5 In its Q3, which ended Oct. 5, 2024, AAP generated $2.1
The Laura Ashley brand currently is distributed in more than 80 countries via wholesale, digital marketplaces and at more than 150 branded retail locations. With the addition of Laura Ashley, Marquee now puts the retail value of its brand portfolio at $4 billion.
Nike has laid out a plan to cut up to $2 billion in costs over the next three years in a bid to “accelerate future growth while building a faster, more efficient” organization, executives shared during the company’s fiscal 2024 Q2 earnings call. However, currency-neutral wholesale revenues were down 3% to $7.1
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.”.
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.,
billion Kroger-Albertsons tie-up as well as the November 2024 end of a planned Capri Holdings and Tapestry merger. After moving aggressively into direct sales in 2020 and 2021, Nike had to begin rekindling wholesale relationships with retailers including DSW and Macys in late 2023. Walgreens Agrees to $192.5M
Under Armour announced plans for a restructuring following disappointing results in its fourth quarter and fiscal year 2024 (ended March 31, 2024), as well as the expectation that revenues will continue to decline anywhere from 15% to 17% in North America in the coming year.
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.
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. The streaming company also has explored wholesale partnerships, with Walmart expanding its in-store Netflix Hubs to 2,400 locations in October 2022. followed by a global rollout, according to Bloomberg.
Co-ops newly rebranded wholesale division has secured a significant multi-year agreement with UK motorway services operator Roadchef, aimed at accelerating growth and enhancing the on-the-go retail experience. Just last week, the division also revealed a planned 800,000 investment in reducing wholesale prices across key own-brand lines.
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.
RTP: Casper has its roots in DTC, but you’ve since expanded with your own stores and through wholesale. It’s the other side of wholesale — furniture stores and specialty mattress retail, which is by the way where the majority of mattresses are purchased. How do you view those channels? Megibow: Our stores do great.
These two realities are converging and inspiring manufacturers, wholesalers and mass marketplaces alike to modernize their tech stacks and implement more robust customer experiences that are more aligned with modern B2C behaviors. Several companies have already upgraded and the remaining plan to upgrade their ERPs in the coming years.
B2B brand discovery platform Product Guru is bringing its online service — which connects brands and retailers — to the real world, with plans for a series of temporary concept stores in London.
What we’ve seen since this handover is a period of exponential growth across our direct-to-consumer (DTC) channels, as well as with our wholesale distribution. Then, as part of our longer-term plan, we will look to expand to other locations. The plan is to support the concepts with outlets in similar areas.
Success for the brand’s own retail operations may be leading Ralph Lauren to shift some of its attention away from its wholesale business. The company feels that now is the right time to invest in localized websites in particular, which “have a very strong ROI and payback after the first 10 months.”.
Renowned Australian footwear business Munro Footwear Group (MFG) recently acquired the popular but beleaguered New Zealand kids’ footwear brand Bobux, as part of a plan to consolidate its presence in the children’s market. The long-term plan is still being finalised,” he said. The initial focus is on stabilisation.
wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S. We’re grateful to be in a position to expand our retail presence and build new wholesale relationships in order to serve more customers.” The outdoor goods retailer also will add Dillard’s and Moosejaw to its key U.S. billion in revenues.
Wholesale revenue fell 12 per cent, and direct-to-consumer sales decreased by 8 per cent, driven by a planned reduction in e-commerce promotions. In May, Under Armour launched a restructuring plan to increase efficiency. In North America, revenue decreased 13 per cent, while international sales were down 6 per cent.
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