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Dick’s to Open 16 Next-Gen ‘50K’ Stores, Expand House of Sport Format in 2024

Retail TouchPoints

3, 2024, with $13 billion in net sales, 5% higher than the previous year, and a 2.4% For the coming fiscal year, the retailer is planning $800 million in CapEx expenditures to fund a major brick-and-mortar expansion that will enlarge its total store square footage by 2% — its largest physical expansion since 2017.

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Macy’s Names Gennette’s Successor as CEO Plans 2024 Retirement

Retail TouchPoints

Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. He will be replaced in the top spot by Macy’s EVP and Bloomingdale’s Chairman and CEO Tony Spring, who has been named Macy’s President and CEO-elect and gained a seat on the board of directors.

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Nordstrom Considers Going Private — Again

Retail TouchPoints

The department store retailer previously tried to go private in 2017 in a deal that ultimately fell apart, according to CNBC. Nordstrom’s current plans to explore going private were first reported by Reuters in March 2024.

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After record Q4, Dick’s plans greatest square footage expansion since 2017

RetailDive

The sporting goods retailer is opening eight House of Sport stores in 2024, as well as 16 next-generation locations as it increases store investments.

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Target Mulls Paid Loyalty Program

Retail TouchPoints

A paid program would likely include other benefits, including incorporating services from Shipt , the grocery delivery business Target purchased in 2017. CVS Pharmacy rebranded the paid portion of its loyalty program as ExtraCare Plus in January 2024, revealing that the paid program had 6.5

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TikTok Sues to Prevent U.S. Ban, Calling Law ‘Obviously Unconstitutional’

Retail TouchPoints

In March 2024 TikTok introduced new tools to support its “Commerce Everywhere” mission. In addition to the entertainment aspects of TikTok’s short-form videos, the platform has become an important commerce channel. TikTok Shop had 15 million sellers worldwide in December 2023 , according to the company, including more than 500,000 in the U.S.

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fabric Launches Industry-First Commerce Platform With Native OMS, Supercharging Retailer Conversions And Outcomes

Fabric

NEW YORK – NRF 2024 – Jan. 16, 2024 – fabric , the creators of the next-generation commerce platform, today announced the availability of fabric Order Management System (OMS). F or a personalized demonstration, request a demo or stop by fabric’s NRF 2024 booth at Level 3, #6539 to see the future of digital commerce in action.

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