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

Retail TouchPoints

Our digital transformation will create a more agile modern platform,” said Elliott Rodgers, Chief Operations Officer at Foot Locker on a call with investors. We will evolve to a more agile product and platform operating model that delivers capabilities and personalized customer journeys with a faster speed to market.”

Mobile 278
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Target’s New Last Mile Facility Adds Next-Day Delivery for 500,000 in Atlanta Market

Retail TouchPoints

The new facility puts next-day delivery within reach of 500,000 additional customers for a total of more than 3 million in the Atlanta market. Target has opened a Target Last Mile Delivery (TLMD) extension near its store in Smyrna, Ga.

Marketing 306
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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 “Power of Three x2” growth plan, which has goals including tripling international revenue from 2021 levels by the end of 2026. This speaks to the strength of our omni operating model as we engage with our guests in ways most convenient to them.” Q2 sales are expected to hit between $2.14

Marketing 278
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True Religion Expands into China on Multiple Fronts

Retail TouchPoints

Key elements include opening 65 freestanding and shop-in-shop stores by 2026 and offering its jeans and sportswear on China’s major ecommerce marketplaces. On the brick-and-mortar front, True Religion is planning to operate a total of 108 stores by 2028.

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Foot Locker Names Nike Exec to Lead Latino-Focused WSS Banner

Retail TouchPoints

Gonzalez was most recently VP of North America Product Merchandising for Nike and brings more than 19 years’ experience in marketing, merchandising and sales leadership positions. She will also help us build the talent and operational capabilities to rapidly scale WSS, making it our next $1 billion banner.” “I

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Planned Chinese Retail Venue to House 1,000+ Luxury Brands

Retail TouchPoints

Luxury travel retailer DFS Group is planning to open DFS Yalong Bay, a retail and entertainment destination, in Sanya, Hainan, China by 2026. China has plans to make Hainan a tax-free zone , and this mall will be DFS Group’s first property in mainland China (the company operates venues in Hong Kong and Macau).

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The RealReal Cuts 230 Jobs in Streamlining Effort Aimed at Reaching Profitability

Retail TouchPoints

The RealReal will cut operating costs through layoffs and store closures, with plans to eliminate 230 positions, or 7% of its workforce, according to a filing with the Securities and Exchange Commission. secondhand market is projected to double between 2022 and 2026 , reaching $82 billion , according to research by ThredUP.