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Coach CEO Q&A: New Las Vegas Fulfillment Center will Reduce Delivery Times by 50%+

Retail TouchPoints

To better serve a growing legion of West Coast customers, Tapestry , parent company of brands including Coach and Kate Spade , opened its 788,000-square-foot North Las Vegas Fulfillment Center in November. Tapestry already operates a fulfillment center serving the East Coast located in Jacksonville, Fla.

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Academy Sports Plans to Open 15-17 New Stores by Early 2025

Retail TouchPoints

The retailer currently operates 283 stores across 18 states. Academy Sports + Outdoors is excited to provide our customers with new convenient stores that carry a localized assortment that meets the needs of active families in these communities,” said Eric Friederich, SVP of Retail Operations at Academy Sports in a statement.

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

Retail TouchPoints

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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Recommerce Update: New Balance Launches Resale Program, Anthropologie Expands Denim Recycling

Retail TouchPoints

New Balance Debuts ‘Reconsidered’ Program To launch its new Reconsidered resale program, New Balance has teamed up with resale tech platform Archive for its branded online experience and Tersus Solutions for the cleaning, fulfillment and warehousing of trade-ins.

Apparel 239
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Nordstrom Doubles Down on Rack Business Following 8.3% Revenue Drop

Retail TouchPoints

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.

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Amazon Trucks in California will be Powered by Electrofuels Beginning in 2023

Retail TouchPoints

Amazon will initially use the electrofuels in trucks in its middle-mile fleet in Southern California, moving customer orders from vendors and fulfillment centers to its network of sortation and delivery stations.

Supplies 321
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Amazon Generates 11% Revenue Boost in Q2, Forecasts Strong Q3

Retail TouchPoints

Amazon’s financial results for Q2 2023, which ended June 30, reveal that its investments in product expansion, fulfillment capabilities and new ad offerings have helped it beat initial projections. In addition, overall operating income swelled to $7.7 billion in Q2 2022, while operating cash flow grew a staggering 74% , from $35.6