Channel: Specialty & Other Air Fryer Recall: Best Buy Urges Immediate Action Best Buy is urging customers who purchased an Insignia air fryer to act fast, as the company issues a recall due to potential hazards. RetailWire March 16, 2024March 16, 2024 < 1 min read Best Buy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco, Under Armour, Fossil Group and, as Retail TouchPoints previously reported, Allbirds. Former Best Buy COO to Lead Petco While CEO Search Gets Underway Ron Coughlin — who led Petco through […] Retail TouchPoints March 15, 2024March 15, 2024 4 min read ExecutivesPredictions and ForecastsResults & InvestmentMarketing: Loyalty & SubscriptionStrategyShoppersHealth & WellnessBest BuyDept. ApparelPartnershipsMarketing: Social MediaReturnsCustomer ExperienceInternationalOperations & Supply ChainHoliday & EventsLowesConsumersStart UpsTechnology & InnovationDeliveryBrick and MortarCOVID19EconomyAssociates 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Petco CEO Ron Coughlin Stepping Down; Interim Replacement Named Ron Coughlin, who led Petco for five years as the pet retailer’s CEO, announced Wednesday he was stepping down from the company and would remain as an advisor to the board. Petco named Michael Mohan, the former Best Buy president and COO, interim CEO while the board conducts a search for a permanent chief executive. […] Marie Albiges March 13, 2024March 13, 2024 < 1 min read Dept. PetExecutivesCOVID19Dept. Toys & GamesDept. NonfoodDept. GroceryBest BuySustainabilityPredictions and ForecastsHealth & WellnessConsumers 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Dollar Tree to Close 600 Family Dollar Stores by August, Another 400 as Leases Expire Dollar Tree Inc. will shutter approximately 600 Family Dollar stores in the first half of its 2024 fiscal year, which began Feb. 4, 2024. The discount retailer also plans to close an additional 370 Family Dollar stores and 30 Dollar Tree locations over the next several years as each store’s current lease expires. The retailer […] Retail TouchPoints March 13, 2024March 13, 2024 2 min read Brick and MortarDollar TreeFamily DollarPredictions and ForecastsRegional GroceryOperations & Supply ChainMarketing: Social MediaAldiExecutivesWarby ParkerTractor Supply CompanyMerchandising 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Petco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive Ron Coughlin has served as Petco’s CEO for more than five years and has been instrumental in transforming the company into a health and wellness business. CNBC March 13, 2024March 13, 2024 < 1 min read ExecutivesBest BuyHealth & Wellness 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Kohl’s to Add Babies R Us Shop-in-Shops to 200 Stores Kohl’s said Tuesday that it’s teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country, reports CNBC. The department store chain struck a licensing deal with WHP Global, a brand management firm with a portfolio that includes Bonobos, Joe’s Jeans, […] Kristina Stidham March 12, 2024March 12, 2024 2 min read Brick and MortarKohlsPartnershipsDept. Toys & GamesPredictions and ForecastsDept. NonfoodMerchandisingDept. ApparelDept. HBCExecutivesWalmartMarketing: In StorePress ReleaseResults & InvestmentMarketing: BrandBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Kohl’s is Expecting…Babies ‘R’ Us Shop-in-Shops to Arrive at 200 Locations Later This Year WHP Global is following a familiar playbook for its relaunch of Babies ‘R’ Us. After opening the brand’s first brick-and-mortar location since its 2018 bankruptcy in July 2023, the company has now announced plans to bring Babies ‘R’ Us shop-in-shops to 200 Kohl’s locations this year. After filing for bankruptcy and shuttering all its U.S. stores, Babies […] Retail TouchPoints March 12, 2024March 12, 2024 2 min read Store LocationDept. NonfoodDept. Toys & GamesKohlsMerchandisingBrick and MortarHoliday & EventsBankruptcyMarketing: Social MediaMarketing: In StorePredictions and ForecastsPartnershipsFlagship StoresExecutivesDept. ApparelStrategy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Babies R Us is coming to about 200 Kohl’s stores Kohl’s announced the deal with WHP Global as it released holiday-quarter earnings. CNBC March 12, 2024March 12, 2024 < 1 min read KohlsBrick and MortarResults & InvestmentHoliday & Events 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Beyond Acquires Zulily, Plans to Revive Brand in Q2 Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has acquired the intellectual property of defunct flash-sale retailer Zulily, following that platform’s abrupt wind-down of its business in late 2023. Newly appointed Beyond, Inc. Executive Chairman Marcus Lemonis said the acquisition is aimed at strengthening Beyond’s position in the off-price market. Beyond paid $4.5 million in […] Retail TouchPoints March 10, 2024March 10, 2024 3 min read AcquisitionExecutivesShoppersOperations & Supply ChainPredictions and ForecastsBed Bath & BeyondAmazonBankruptcyMarketing: Social MediaResults & InvestmentLegal & CriminalDept. ApparelInsight ProvidersBig DataData & InsightsDept. NonfoodDivestituresESG and CSRMarketing: BrandShopifyStrategySustainabilityTechnology & InnovationVendors 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Nordstrom to Launch Third-Party Marketplace in April Nestled among its Q4 2023 earnings was the news that Nordstrom plans to add a third-party marketplace to the Nordstrom.com website in April. “By reimagining the way we work with our brand partners, we’ll grow our curated online assortment to serve more customers on even more occasions through increasing our use of unowned inventory,” said […] Retail TouchPoints March 9, 2024March 9, 2024 2 min read Results & InvestmentPredictions and ForecastsOperations & Supply ChainMerchandisingMarketing: Social MediaExecutivesConsumersPartnershipsKohlsDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Burlington Plans to Open 100 New Stores in 2024 Off-price retailer Burlington Stores beat expectations for Q4 2023 (the 14 weeks ended Feb. 3, 2024), with total sales increasing 10% and comparable store sales growing 2% year over year. The quarter closed out a steady year for the chain, with comp store sales up 4% in fiscal 2023, although on an earnings call discussing […] Retail TouchPoints March 9, 2024March 9, 2024 2 min read Predictions and ForecastsBrick and MortarShoppersTargetResults & InvestmentMarketing: Social MediaAcquisitionSustainabilityStrategyExecutivesBed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Some employees at 1st unionized Trader Joe’s now want to reverse course The action would halt a hearing accusing the store of mistreating employees Supermarket News March 9, 2024March 9, 2024 < 1 min read Trader JoesAssociates 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy’s suppliers help defray costs in choppy electronics market The retailer logged $20 million in vendor spending on things like promotions, displays, special staffing and fulfillment services. RetailDive March 9, 2024March 9, 2024 < 1 min read Dept. NonfoodBest BuyMarketing: Trade 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Ōura launches on Amazon The tie-up with the e-commerce giant follows a partnership with Best Buy formed last year as the wearable tech brand builds out its wholesale presence. RetailDive March 8, 2024March 8, 2024 < 1 min read AmazonTechnology & InnovationBest BuyPartnerships 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Beyond Inc. acquires Zulily brand for $4.5M The Overstock and Bed Bath & Beyond parent company purchased the online discount retailer to further position itself in the off-price market. RetailDive March 7, 2024March 7, 2024 < 1 min read AcquisitionBed Bath & Beyond 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Tractor Supply revamps loyalty program with lower threshold for perks The over 30 million Neighbor’s Club members represent more than three-quarters of sales for the retailer. RetailDive March 6, 2024March 6, 2024 < 1 min read Marketing: Loyalty & SubscriptionTractor Supply Company 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Sunglass Hut Launches Loyalty Program; Tractor Supply Amps up Member Benefits Sunglass Hut has debuted a new loyalty program for eyewear enthusiasts, while rural retailer Tractor Supply has enhanced its Neighbor’s Club loyalty program to help members earn more rewards more quickly. Sunglass Hut Introduces ‘The Sun Club’ Sunglass Hut’s new The Sun Club loyalty program offers both in-store and online shoppers 10 points for every […] Retail TouchPoints March 6, 2024March 6, 2024 3 min read Marketing: Loyalty & SubscriptionTractor Supply CompanyPricing & PromotionsPredictions and ForecastsMarketing: Social MediaMarketing: Direct & PersonalizationDept. NonfoodBrick and MortarShoppersMarketing: TradeMarketing: In StoreExecutivesDept. FuelConsumers 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Retailing in a Time of Mass Distraction with Andrea Dorigo, Adidas Head of Global Retail Our guest this week is Andrea Dorigo Head of Global Retail for Adidas. Andrea shares many strategic leadership lessons gleaned from his incredibly deep and diverse experience working across a spectrum of international brands. Now he leads a network of more than 2,000 stores for one of the world’s most iconic vertically integrated brands. We […] Remarkable Retail Podcast March 5, 2024March 5, 2024 2 min read PodcastsGovernmentMarketing: Social MediaPredictions and ForecastsDept. ApparelShoppersInternational - North AmericaDept. GroceryData & InsightsResults & InvestmentPartnershipsTechnology & InnovationInternationalIndustry Conferences and EventsBrick and MortarConsumersESG and CSRConsultingHoliday & EventsWarby ParkerBest BuyStart UpsStrategyLowesAmazon 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Big Box Stores Agree: Let’s Get Small The Washington Post writes that “two of the biggest names in big-box retail have boosted their bets on a growing trend for brick-and-mortar sales: smaller stores. “Best Buy and Macy’s this week announced plans to add small-format stores in a strategy that could help the companies cut costs while answering customers’ demand for convenience. They […] MorningNewsBeat March 4, 2024March 4, 2024 2 min read Brick and MortarBest BuyDept. NonfoodReturnsConsumersTargetStrategyShoppersPricing & PromotionsPredictions and ForecastsMarketing: Social MediaESG and CSR 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025 Best Buy will leverage its membership-based loyalty program to sharpen personalization efforts for its 2025 fiscal year, which began Jan. 29, 2024. The retailer also plans to concentrate on updating and refreshing existing stores rather than opening new brick-and-mortar locations, as well as “improving and livening the merchandising presentation given the shift to digital shopping […] Retail TouchPoints March 2, 2024March 4, 2024 3 min read PartnershipsPredictions and ForecastsBest BuyMarketing: Direct & PersonalizationBrick and MortarShoppersMarketing: Loyalty & SubscriptionHealth & WellnessExecutivesOmnichannelData & InsightsMarketing: In StoreAssociatesOperations & Supply ChainMarketing: Social MediaPricing & PromotionsStrategyVendorsMerchandisingDept. HBCResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy braces for layoffs, store closures amid flat revenue in Q4 The retailer plans to invest heavily this year in improving its in-store merchandising and shopping experience. RetailDive March 1, 2024March 1, 2024 < 1 min read Best BuyMarketing: In StoreMerchandising 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Trader Joe’s announces another product recall This one involves snickerdoodle cookies due to hard plastic pieces Supermarket News February 29, 2024February 29, 2024 < 1 min read Trader Joes 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Long-Term Themes Webcast Join YipitData Product Expert Manager Katie Tang, Research Specialist Nitin Reddy, and Research Associate Geoffrey Tseng on Wednesday, March 6th at 12:30pm ET as they describe data insights and long-term themes for Wayfair (W) and Chewy (CHWY). The team will discuss: Market share dynamics in home goods and pet retail spaces Competitive landscape and exposure […] Yipitdata February 29, 2024February 29, 2024 < 1 min read Data & InsightsTechnology & InnovationDept. PetMondelezDept. NonfoodChewyPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Retail Employers Face New Challenges From Pro-Labor Measures Implemented by Biden NLRB in 2023 In 2023, the Biden National Labor Relations Board (NLRB or Board) and its General Counsel Jennifer Abruzzo continued implementing a highly pro-labor agenda that has significantly changed the union and labor landscape for retail employers. In addition, Abruzzo and the Board’s regional directors are imposing and enforcing aggressively some of their most controversial new measures […] Robert Quackenboss February 29, 2024February 29, 2024 5 min read AssociatesGovernmentPredictions and ForecastsOperations & Supply ChainLegal & CriminalHealth & WellnessBrick and MortarShoppersRestaurantsCannabisTrader JoesExecutivesStrategyResults & InvestmentPartnershipsEconomyInclusivityESG and CSRDept. PharmacyDept. HBCConsumersAmazon 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Best Buy warns of layoffs as it issues soft full-year guidance Best Buy has been in a period of slower sales in part due to the strength of its sales during the pandemic. CNBC February 29, 2024February 29, 2024 < 1 min read Best BuyCOVID19 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Tractor Supply’s Remarkable “Life Out Here” Growth Story with CEO Hal Lawton (E) This week we’re reprising our November 2022 interview with Hal Lawton, President & CEO of Tractor Supply Co, a truly remarkable retailer that has delivered some of the strongest results of any brand during the past five years. We explore Hal’s diverse journey from McKinsey, to Home Depot, to eBay, to Macy’s and on to Tennesee-based […] Remarkable Retail Podcast February 27, 2024February 29, 2024 3 min read ExecutivesTractor Supply CompanyPodcastsMarketing: Social MediaTechnology & InnovationConsumersOperations & Supply ChainData & InsightsShoppersConsultingBrick and MortarHome DepotDept. GroceryMerchandisingInternational - North AmericaStrategyIndustry Conferences and EventsDeliveryESG and CSRWalmartBig DataOwned Brands (Private Label)Predictions and ForecastsSustainabilityTargetAmazon 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Beyond Accelerates Overstock Resurrection Following ‘Fatal’ Branding Mistake Beyond, Inc., owner of online retail brands Bed Bath & Beyond (BB&B) and Overstock, will bring back a standalone Overstock.com site in approximately five weeks rather than the September 2024 target date announced earlier. Beyond rechristened its Overstock site with the Bed Bath & Beyond name in June 2023 after it acquired the bankrupt retailer’s […] Retail TouchPoints February 22, 2024February 22, 2024 2 min read ShoppersBed Bath & BeyondPredictions and ForecastsExecutivesMarketing: BrandTargetMarketing: Social MediaAcquisitionReturnsMerchandisingResults & InvestmentInsight ProvidersBig DataShopifyBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Beyond Inc. Names New CEOs for Bed Bath & Beyond, Overstock Beyond Inc., parent company to Overstock.com, Bed Bath & Beyond, and other online brands, announced Tuesday three leadership changes, including two new CEOs. Chandra Holt, formerly the CEO and president of Conn’s Home Plus, will become the new CEO of Bed Bath & Beyond effective Wednesday. Dave Nielsen, who until now was serving as president […] Marie Albiges February 21, 2024February 21, 2024 < 1 min read ExecutivesBed Bath & BeyondInsight ProvidersBig DataPredictions and ForecastsAcquisitionResults & InvestmentPress ReleaseBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond, Overstock name new CEOs The company has tapped an insider and a newcomer to lead its home-focused e-tail businesses. RetailDive February 20, 2024February 20, 2024 < 1 min read Bed Bath & Beyond 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond, Overstock Get New CEOs Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has appointed new CEOs for both brands, and also named Camping World CEO and TV personality Marcus Lemonis as Executive Chairman of its board of directors. The appointments follow the abrupt departure of former Beyond CEO Jonathan Johnson in November 2023. Johnson […] Retail TouchPoints February 20, 2024February 20, 2024 3 min read ExecutivesBed Bath & BeyondInsight ProvidersBig DataPredictions and ForecastsMarketing: Social MediaMarketing: BroadcastShoppersData & InsightsResults & InvestmentAssociatesAcquisitionBankruptcyWalmartTargetDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Court sets late August start date for hearing on Kroger-Albertsons merger A federal judge in Oregon will decide during the proceeding whether to grant the FTC’s request to block the transaction. Written by Grocery Dive March 12, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Kids Like to Go Out to Eat ask Chuck E. Cheese Don’t want to cook, don’t want to do dishes, well according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® your kids don’t want you hear you complain about cooking dinner either. Chuck E. Cheese has a new program for that has a great chance to make the entire family happy according […] Written by Grocerant Guru March 11, 2024March 14, 2024 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Publix reports 49% growth in net earnings in FY23 US supermarket chain Publix has reported net earnings of $4.3bn in FY23, marking a 49% increase from FY22’s $2.9bn. The post Publix reports 49% growth in net earnings in FY23 appeared first on Retail Insight Network. Written by Retail Insights Network March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Target Q4 2023 Earnings Recap Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […] Written by The Harvest Group March 8, 2024March 8, 2024 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024 Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth. Written by Kroger March 7, 2024March 8, 2024 Saving Bookmark this article Bookmarked