Everyone misses a deadline right?! so here is the Friday Daily Quickwit brought to you from Saturday, or as we call it. “Friday…Part Deux”
We hope you are having a fantastic weekend, for a little light reading we bring you:
Nike courts next generation of athletes with new Roblox platform ‘Nikeland’
aaaaaaaand here we go, the race to the MetaVerse has begun and “The Zuck” is smiling. Nike revealed “Nikeland,” a new interactive space inside of the Roblox gaming platform, per a blog post. It represents the athletic apparel marketer’s biggest bet yet on the metaverse. It is an interesting bet made for product research and consumer engagement, “If they know a bunch of kids are wearing it on Nikeland, then they will then come out with it in the physical world,” said Sam Poser, an analyst who covers Nike at Williams Trading
CVS to close about 900 stores over next three years, as it shifts to digital strategy
CVS Health said Thursday that it will close about 900 stores over the next three years, as it adjusts to shoppers who are buying more online, Store closures will start in spring 2022. While we aren’t surprised they are closing some stores the quantity of closures is quite shocking.
Former Dollar General CEO may finally get his chance to fix what ails Family Dollar
The activist investor Mantle Ridge has taken a $1.8 billion stake in Dollar Tree and is focused on shoring up what the firm and others see as the company’s weak link — Family Dollar.
Mantle Ridge, according to The Wall Street Journal, is working with Rick Dreiling, the former CEO of Dollar General, as it sets out to get Dollar Tree’s board to make changes to the way Family Dollar operates its business.
Mr. Dreiling is familiar with Family Dollar, not only because he competed with the chain while at Dollar General but also because he sought to acquire the company for $9.7 billion in 2014. He was so intent on a merger of the two companies that he pledged to put off a planned retirement for a year to stay and create the “preeminent small-box retailer in the U.S.”
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