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Foot Locker to Boost Digital Investments 50% as it Aims for 25% Online Sales by 2026

Retail TouchPoints

These updates will be particularly focused on mobile, which has become a major channel for the retailer. β€œIn Our digital transformation will create a more agile modern platform,” said Elliott Rodgers, Chief Operations Officer at Foot Locker on a call with investors. The improvements will not be limited to technology.

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Mango Plans to Open 500 Stores Worldwide Under New Strategic Plan

Retail TouchPoints

through 2026. Mango reaffirmed its focus on physical retail in its 2024-2026 Strategy β€” a broad vision and roadmap for growth that includes a refined value proposition, digital expansion plans, executive leadership updates and more. In 2022, 36% of its business came from online channels.

Fashion 262
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Express to Expand Retail Presence in Indonesia, Paraguay and Central America

Retail TouchPoints

WHP also will build up the brand’s presence in Mexico with IB Group and grow its brick-and-mortar footprint in Central America via its partnership with Fastco , including four new Express stores in key locations through 2026. The company also plans for shop-in-shop experiences in Mexico and Indonesia.

Toys 264
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DSW Plans to Double Sales of Private Label Brands Over Next 5 Years

Retail TouchPoints

The company β€” which operates 650 locations under the DSW Designer Shoe Warehouse and The Shoe Company banners β€”announced plans to nearly double sales of its owned brands, from 19% of the business to one-third by fiscal 2026 (the fiscal year ending January 30, 2027).

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The Untapped Potential of Audio in Retail Media Networks

Retail TouchPoints

According to McKinsey , the growth of RMNs could represent as much as $100 billion in ad spending by 2026. This way buyers can choose what media channels perform best. Retail Media Networks that offer managed service advertising solutions are likely to take a more active approach to channel selection.

Retail 290
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Lululemon Plans 30+ New International Stores with Majority in Fast-Growing China Market

Retail TouchPoints

The company’s worldwide expansion is part of the β€œPower of Three x2” growth plan, which has goals including tripling international revenue from 2021 levels by the end of 2026. It’s also great to see ongoing strength in traffic across both channels,” said Meghan Frank, CFO of Lululemon on a call with investors. β€œIn

Marketing 278
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6 Paid Social Trends to Be Aware of in 2024

Retail TouchPoints

trillion by 2026, more than doubling its current value. E-sellers will leverage social channels more than ever. Also in the top 10 for apparel are Pinterest and TikTok, which is no coincidence β€” all of these channels can present products in an eye-catching and illustrative way and are platforms for people who want to be inspired.