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Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO

Retail TouchPoints

PREIT, which operates multiple malls and shopping centers in the eastern half of the U.S., Additionally, the company has replaced CEO Joseph Coradino, a 40 -year company veteran who has served in the top post since 2012, with Jared Chupaila. portfolio of 150+ retail centers.

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AWS’ Silent Nod To FinOps

Forrester eCommerce

In fact, it was a theme he originally introduced in 2012 that revolves around architecting with cost in mind. Last week, Amazon.com VP and CTO Werner Vogels closed out re:Invent 2023 with his keynote address on “The Frugal Architect” This wasn’t the first time, Vogels introduced this topic.

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Home Depot Boosts Pro Offering with $18.25B Acquisition of SRS Distribution

Retail TouchPoints

SRS operates a 2,500+ professional sales force and 760 branches across 47 states, as well as a 4,000+ truck fleet and jobsite delivery capabilities. “SRS is an industry leader with a proven track record of profitable growth across verticals,” said Ted Decker, Chair, President and CEO of The Home Depot in a statement.

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AWS Q&A: How Retailers can Prepare Ecommerce Operations for COVID-Driven Uncertainty

Retail TouchPoints

With ecommerce traffic unlikely to wane anytime soon, retailers need to harden their operations to prepare for a potential holiday rush. Platforms such as Amazon Web Services (AWS) have been a backbone of ecommerce for years, and their operations have led to insights on how to better prepare online operations for the digital future.

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Five Below Appoints New COO to Help it Pursue Triple Double Growth Plan

Retail TouchPoints

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. Bull has been with Five Below for 17 years and has held the CFO and Treasurer positions since 2012.

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Olympia Sports Files for Bankruptcy, Plans to Close Remaining Stores by Sept. 30

Retail TouchPoints

Olympia Sports has filed for Chapter 11 bankruptcy protection, seeking an orderly wind-down of its operations. At its peak in 2012, the retailer operated 230 stores across the Northeast and Mid-Atlantic regions. The retailer plans to close its 35 remaining brick-and-mortar stores by Sept. bankruptcy court in Delaware.

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Starbucks to Double Indian Workforce as it Aims for 1,000 Stores in the Country by 2028

Retail TouchPoints

Starbucks operates in India through a 50:50 joint venture with Tata Consumer Products called Tata Starbucks. Launched in 2012, Tata Starbucks now operates more than 390 stores across 54 Indian cities, with approximately 4,300 employees. To meet this goal, the company will open one new Starbucks in the country every three days.