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Beyond Acquires Zulily, Plans to Revive Brand in Q2

Retail TouchPoints

Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has acquired the intellectual property of defunct flash-sale retailer Zulily , following that platform’s abrupt wind-down of its business in late 2023. Newly appointed Beyond, Inc. and rebranded the current Overstock.com website to BedBathandBeyond.com.

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Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil

Retail TouchPoints

It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco , Under Armour , Fossil Group and, as Retail TouchPoints previously reported, Allbirds. This will be the third CEO switch-up at the company in nearly as many years.

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Nordstrom to Launch Third-Party Marketplace in April

Retail TouchPoints

Nestled among its Q4 2023 earnings was the news that Nordstrom plans to add a third-party marketplace to the Nordstrom.com website in April. “By The company reported better-than-expected earnings for Q4 2023, which ended Feb. 3, 2024, with net sales increasing 2.2% over the same quarter last year. over Q4 2022.

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Investors Propose to Take Macy’s Private with $5.8 Billion Buyout Bid

Retail TouchPoints

Arkhouse already has a large stake in Macy’s and would be paying a premium to own the rest of the company — the offer values the retailer at $21 per share, about 23% over the $17 a share that the stock was trading at as of the close of business Friday. Share prices are up about 16% on the news of the bid in early hours trading today.

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Translating Consumers’ Animal Content Obsession into Charitable and Commerce Opportunities

Retail TouchPoints

Just about everybody on the internet loves animal videos, particularly those that are funny, touching or maybe both. So about four years ago we started with a blog about where to see the wildest animals — diving with orcas in Norway or tracking gorillas in Uganda, for example. news on large sharks or bears works quite well.

Consumer 244
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It’s Time for Retailers and CPG Companies to do a Post-Pandemic Process Checkup

Retail TouchPoints

The last three years have been a whirlwind for retailers and CPG companies. Pandemic-driven buying trends led to an explosion of new challenges, from a surge in online returns to the rise of curbside pickup to supply chain delays. Now, the landscape is shifting again, and it’s a mix of good and bad news for retailers and CPGs.

Retail 289
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Bed Bath & Beyond Shares Drop Following Announcement of Reverse Stock Split Plan

Retail TouchPoints

Bed Bath & Beyond is seeking shareholder approval for a reverse stock split in order to bolster its share price and “enable us to continue rebuilding liquidity to execute our turnaround plans and better position the company financially,” according to President and CEO Sue Gove.

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