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Macy’s Declines to Spin Off Ecommerce Operations, Citing ‘High Execution Risk’

Retail TouchPoints

Board of Directors announced that the company’s ecommerce operations will remain integrated within the larger business, not spun off into a separate company. . Activist investor Jana Partners took a stake in Macy’s in October 2021 and pushed the company to separate its ecommerce business from its brick-and-mortar operations.

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Nordstrom to Wind Down Canada Operations, Closing 13 Stores and Ecommerce Site

Retail TouchPoints

The ecommerce site closed on March 2, and the company expects to wind down its brick-and-mortar operations by late June 2023. Nordstrom’s Canadian operations employ approximately 2,500 people. “We We entered Canada in 2014 with a plan to build and sustain a long-term business there,” said Erik Nordstrom, CEO of Nordstrom Inc.

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Shipt Names Target Operations Exec as its New CEO

Retail TouchPoints

Witherspoon will replace Kelly Caruso, who has led the company since early 2019 and who will remain in an advisory capacity during the transition period. Witherspoon has extensive experience in high-growth industries, most recently with Shipt parent company Target as the retailer’s SVP of Operations. Kamau Witherspoon. division of Yum!

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b8ta Ends U.S. Operations but the Experiential Trailblazer Leaves Multiple Lessons for Other Retailers

Retail TouchPoints

brick-and-mortar operations on Feb. The brand’s international businesses, b8ta Japan and b8ta MENA in the UAE, remain operational, and the Japanese business has acquired the brand’s licenses in Japan, according to TechCrunch. “It in 2020 over 2019 — and b8ta’s collection of high-end electronics made its shops a target for thieves.

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Predictions 2019: Digital Leaders Reboot To Hedge Against A Downturn

Forrester eCommerce

Forrester predicted in 2018 that digital would reach the hard stuff, the core of business: organization structure, operating models, and endless discussion of platforms. These themes are far from done; however, 2019 sees a distinct shift in emphasis — winter is coming. Many firms […].

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Bed Bath & Beyond Prepares to Wind Down Operations in Chapter 11

Retail TouchPoints

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

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WSJ: Saks Fifth Avenue Pursuing IPO for its Digital Operations

Retail TouchPoints

Saks was last valued at $2 billion in March 2021 when the company split off its ecommerce business from the brick-and-mortar operations, now called SFA. The digital retailer has since stated that it experienced 82% growth between Q2 2019 and Q2 2021.