Retail TouchPoints

MARCH 18, 2024

In early 2023 , Joann was pursuing $200 million in annual cost reductions, part of a plan that was scheduled to come to fruition by early fiscal 2025. Under the TSA, financial obligations to employees, vendors, landlords and creditors will be paid and honored in the ordinary course of business.

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Retail TouchPoints

OCTOBER 14, 2022

billion in sales by 2025. With our new operating structure in place, we now have even greater agility and an aligned focus on our customer and our strategic priorities. Victoria’s Secret revealed during its Oct. 13 Investors’ Day presentation that it will attempt to reach $7.3 billion in 2019 to $6.6

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Apparel Fashion Presentation Operations 277

Retail TouchPoints

MARCH 2, 2022

Through three pillars — people, communities and planet — the retailer will utilize its people’s talents and its heritage to create positive environmental and social impacts by 2025. has long been a strong partner to the local communities in which we operate. Macy’s, Inc. Video courtesy of Macy’s.

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Workshop Fashion Operations Retail 245

Retail TouchPoints

MARCH 11, 2021

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.

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eCommerce Sporting Goods Games Operations 220

Retail TouchPoints

MARCH 3, 2023

Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential store remodels and open approximately 10 additional outlet stores over the coming year.

Operations 299

Operations Omnichannel Technology Improvements 299

Retail TouchPoints

MARCH 12, 2021

VP leadership consist of at least 29% racial and ethnic minorities, by 2025. The retailer will enforce the Purpose 2025 Targets program by tying diversity, as well as environmental and ethical goals, to executive compensation for the first time. “As Nike has created a diversity roadmap that aims to reach 49.5%

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Supplies Operations Retail 246

Retail TouchPoints

SEPTEMBER 14, 2022

The retailer also expects to grow its global store portfolio by roughly 7% annually to reach 45,000 locations by the end of 2025 and keep the chain on track to reach approximately 55,000 locations by 2030. company-operated stores. store base in fiscal 2023 with continued investment in fiscal 2024 and 2025.

Food and Beverages 264

Food and Beverages Cryptocurrencies Technology Mobile 264

Retail TouchPoints

MAY 24, 2023

Five Below plans to add at least seven new outlet locations to its store roster this year in partnership with mall operator Simon. The retailer already operates 21 stores within the Simon portfolio. The new locations, slated to open throughout this spring and summer, will be at Simon Premium Outlets in Albertville, Minn.; Gaffney, S.C.;

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Operations Retail Customer 316

Retail TouchPoints

FEBRUARY 16, 2024

2025 fiscal year, in March 2025. Rag & Bone currently operates 34 stores in the U.S. will acquire all the Rag & Bone operating assets with its contribution of $56.5 Rag & Bone will continue to be based in New York City and will operate as an independent fashion brand within the Guess? in the first year.

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Fashion Department Stores Toys Operations 281

Retail TouchPoints

APRIL 7, 2021

In an effort to support diversity and change in the retail industry, Target has committed to spending more than $2 billion with Black-owned businesses by the end of 2025. The retailer also is introducing new resources to help its Black-owned vendors grow and successfully scale their businesses in mass retail.

Workshop 159

Workshop Events Operations Retail 159

Retail TouchPoints

MARCH 15, 2023

Five Below has promoted CFO and Treasurer Kenneth Bull to the role of Chief Operating Officer, where he will focus on achieving the company’s Triple Double growth goals by optimizing its talent, systems and processes. I joined Five Below when we operated just 27 stores,” said Bull in a statement. “As

Operations 278

Operations Other Retail 278

Retail TouchPoints

FEBRUARY 5, 2024

Tersus operates an innovative waterless cleaning technology and a suite of textile reclamation solutions for apparel and footwear. As part of the expansion, Anthropologie has set the goal of diverting 10 tons of denim from landfills by the end of 2025. “At

Apparel 263

Apparel Operations Fulfillment Technology 263

Retail TouchPoints

MARCH 28, 2024

The deal, which is expected to close by the end of the retailer’s fiscal 2024 in late January 2025, is subject to customer closing conditions and will be funded through a combination of cash and debt. The Home Depot is acquiring building products distributor SRS Distribution for $18.25

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Fulfillment Presentation Operations Customer 263

Retail TouchPoints

SEPTEMBER 11, 2023

In March 2023 Kohl’s announced the locations for the next 250 Sephora 2,500-square-foot shop-in-shops, part of its plan to operate Sephora stores in all 1,170 Kohl’s locations by 2025.

Operations 263

Operations Customer Retail 263

Retail TouchPoints

AUGUST 28, 2023

The company pointed to the wind-down of Canadian operations and the shift in timing for its Anniversary Sale as two of the key reasons why the YOY revenue fall was so significant. Q2 2023 results included no sales from Canadian operations, compared with a full quarter of sales from Canadian operations in Q2 2022. in a statement.

Supplies 246

Supplies Operations Improvements Fulfillment 246

Retail TouchPoints

FEBRUARY 15, 2024

The acquisition is expected to be immediately accretive to the company’s fiscal 2024 earnings, generating approximately $84 million in sales and approximately $10 million in operating income, excluding transaction and integration costs.

Operations 278

Operations Marketing Customer Retail 278

Retail TouchPoints

MARCH 11, 2024

Syre is building a production plant in North Carolina and plans to be operational this year, after which it will scale up the manufacturing process and technology for global expansion. Syre hopes to have 12 plants up and running within 10 years, producing more than 3 million metric tons of recycled polyester.

Operations 251

Operations Technology Retail Supplies 251

Retail TouchPoints

MARCH 18, 2024

Retailers have been eager to jump on the generative AI bandwagon: according to a new survey conducted by Salesforce and the Retail AI Council , retail executives estimate that 36% of their employees already are using generative AI today, with that figure projected to rise to 45% by 2025.

Retail 317

Retail SEO Operations Consumer Goods 317

RetailWire

DECEMBER 2, 2021

Dollar General plans to have 1,000 Popshelf stores in operation by the end of its 2025 fiscal year. The retailer currently operates 30 of the locations, which are targeted at wealthier, suburban shoppers, across six states.

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Operations Retail Article 52

Retail TouchPoints

SEPTEMBER 28, 2023

With 1,000 convenience stores operating in six states and Washington, D.C., The first store locations are projected to open by mid-2025. “It reflects our current ‘best thinking’ for design and efficiency, showcasing our expanding off-premise offers, built-to-order beverages and pizza.”

Food and Beverages 278

Food and Beverages Operations Customer Retail 278

Retail TouchPoints

SEPTEMBER 5, 2023

September is Hunger Action Month, and to mark it Food Lion will remodel and restock 27 partner food pantries across its operating area via its Food Lion Feeds program. billion meals by 2025. million meals. 13 to Oct. During its 2022 Holidays Without Hunger campaign, Food Lion helped its customers provide 5.4

Banking 264

Banking Events Operations Other 264

Retail TouchPoints

NOVEMBER 17, 2023

Additionally, Hyundai has selected AWS as its cloud provider, paving the way for the inclusion of advanced voice-activated Alexa functionalities in next-generation Hyundai vehicles in 2025. The automaker’s multiyear agreement to use AWS as its preferred cloud provider will allow it to migrate current on-premises applications to the cloud.

Customer Experience 269

Customer Experience Supplies Payment Services Mobile 269

RetailWire

NOVEMBER 2, 2021

Jeff Bezos, founder and executive chair of Amazon.com, has moved up his company’s timeline for powering all its operations with renewable from 2040 to 2025.

Operations 52

Operations Article 52

Retail TouchPoints

MARCH 1, 2023

Those ambitions were laid out in 2020, when Nordstrom committed to delivering $500 million in retail sales from brands owned, operated or designed by Black and Latinx individuals by 2025.

Fashion 301

Fashion Operations Management Customer 301

Retail TouchPoints

DECEMBER 29, 2022

The campaign is part of the Food Lion Feeds initiative, which benefits hunger-relief organization Feeding America through 33 local Feeding America member food banks as well as hundreds of partner feeding agencies within Food Lion’s 10 -state operating area. billion meals by 2025. 9 through Dec.

Banking 312

Banking Operations Management Customer 312

Retail TouchPoints

MAY 8, 2024

Circuit, seeking to stop the recently signed legislation that would require the platform to be sold to a non-Chinese entity by January 2025 or be banned. TikTok has filed suit in the U.S. Court of Appeals for the D.C.

Channel 130

Channel Operations Technology Other 130

Retail TouchPoints

JUNE 17, 2022

Construction will start in fall 2022 , with a production start planned for the second half of 2025. The new factory is being designed to operate as a carbon-neutral facility, with 100% of its energy needs supplied by renewable energy generated by an onsite solar park. and operates 100 LEGO-branded stores across the country.

Supplies 297

Supplies Operations Marketing Other 297

Retail TouchPoints

MARCH 1, 2024

Best Buy will leverage its membership-based loyalty program to sharpen personalization efforts for its 2025 fiscal year, which began Jan. Best Buy closed 24 stores in FY 2024 and plans to close 10 to 15 in FY 2025.

POS 278

POS Omnichannel Mobile Improvements 278

Retail TouchPoints

DECEMBER 2, 2021

The off-price retailer announced plans for 1,050 new store openings, 1,750 store remodels and 100 store relocations; the launch of 1,000 pOpshelf locations by fiscal 2025; and the company’s entrance into Mexico with 10 stores in fiscal 2022. Dollar General’s Mexican locations will operate on a similar strategy to U.S.

Operations 305

Operations Consumer Retail Marketing 305

Retail TouchPoints

JULY 13, 2022

Denim and sportswear brand True Religion has hired its first Chief Financial/Chief Operating Officer with the appointment of Sandip Grewal. Grewal, who entered the role effective July 5, reports to True Religion CEO Michael Buckley. With Grewal’s appointment, True Religion hopes to reach a $500 million revenue goal.

Operations 276

Operations eCommerce Retail 276

Retail TouchPoints

DECEMBER 4, 2023

Tapestry already operates a fulfillment center serving the East Coast located in Jacksonville, Fla. At Tapestry we are dedicated to lasting, sustainable change, consistently analyzing our environmental footprint across emissions, water use and waste, and renewable energy adoption across our operations. Designed to distribute 22.2

Fulfillment 264

Fulfillment Jewelry Operations Technology 264

Retail TouchPoints

MARCH 7, 2024

Elements from these stores will be applied to our 2025 openings and beyond.” Foot Locker as a whole currently operates 2,523 stores in 26 countries, as well as 202 licensed stores in the Middle East and Asia. Now headed into 2024, we’re targeting roughly 40 store closures, including 15 in the first half.”

Operations 162

Operations Information Marketing Retail 162

Retail TouchPoints

MAY 9, 2023

The new offering will be a central element in parent company Neiman Marcus Group ’s commitment to extend the useful life of 1 million luxury items through circular services by 2025.

Jewelry 311

Jewelry Accessories Clothing Gifts 311

Retail TouchPoints

SEPTEMBER 23, 2022

19 investor day, Ralph Lauren revealed that its growth plans through 2025, which will include opening 250 stores globally. At its Sept. Since our last investor day in 2018, we have transformed our business — building a strong foundation with multiple engines of growth that are already showing momentum,” said Louvet.

Department Stores 278

Department Stores Operations Consumer Channel 278

Retail TouchPoints

JUNE 15, 2022

to manage Forever 21’s China operations. trillion by 2025 , and cross-border retailers like Forever 21 have an opportunity to reach a massive audience in the country. Authentic Brands Group , which acquired Forever 21 in early 2020, has since signed a licensing agreement with Hong Kong-based Lasonic Electric Xusheng Co.

Webinar 275

Webinar Fashion eCommerce Marketing Operations 275

Retail TouchPoints

AUGUST 4, 2023

In addition, overall operating income swelled to $7.7 billion in Q2 2022, while operating cash flow grew a staggering 74% , from $35.6 Increased penetration in India: Amazon India has enabled cumulative ecommerce exports of over $7 billion and aims to reach $20 billion by 2025. billion , compared to $3.3 billion to $61.8

Small Business Retail 246

Small Business Retail Fashion Fulfillment Operations 246

Retail TouchPoints

SEPTEMBER 23, 2022

In addition to the new partnership with Infinium, other steps Amazon has taken toward its net-zero carbon goal include: An agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations starting in 2025.

Supplies 325

Supplies Travel Technology Fulfillment 325