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UPDATE: Mexican Merchant Gonher Buys Sam Ash for $15M
[Update as of June 28, 2024] Sam Ash has selected a winning bidder in its bankruptcy auction: Mexican retailer Gonher Music Center. Gonher will pay $15.2 million for wholesaler Samson Technologies…
News June 28
Following Bankruptcy, Joann Looks to Broaden its Appeal with ‘Jo-And’ Campaign
Known primarily as a sewing and fabric destination, Joann is looking to broaden its appeal by highlighting its broad assortment of crafting supplies that reach well beyond the sewing category.…
News June 28
Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures
Walgreens Boots Alliance (WBA) has cut its profit forecast for fiscal 2024 and plans to close “a significant number of underperforming stores,” CEO Tim Wentworth told analysts on a call…
News June 28
Founder of New ‘Co-Retailing’ Space in NYC’s SoHo Shares His Vision for Community-Driven Retail
Yaron Cohen is a real estate investor and tech entrepreneur, but on the day we visited he was working the espresso machine behind the coffee bar of his latest undertaking…
Features June 28
Ethical Considerations of GLP-1 Agonists Medications for Retailers
It’s hard to turn on the TV or read any publication these days without seeing ads for, or references to, the increasing number of GLP-1 Agonists that have been approved…
Executive Viewpoints June 28
Elton John Empties his Closet to Support AIDS Foundation with ‘Rocket Man Resale’ on Ebay
Elton John, known for his memorable fashion choices, is donating hundreds of items from his closet for an Ebay “Rocket Man Resale” auction, with all profits benefiting the Elton John…
News June 27
Alimentation Couche-Tard Promotes COO to Top Spot
Convenience store retailer Alimentation Couche-Tard will promote current COO Alex Miller to CEO and President, effective Sept. 6, 2024. Miller will replace Brian Hannasch, who will retire from these positions…
News June 27
Save Mart, Hibbett Enable Same-Day Delivery via Target, Walmart’s White-Label Services
Target and Walmart’s white-label delivery solutions are picking up new retail partners: Target’s Shipt will offer same-day delivery for three Save Mart Companies banners in California and Nevada, and Walmart…
News June 27
Amazon Planning China-Direct Offering to Compete with Temu, Shein
In its latest move to combat the growth of discount Chinese shopping apps Temu and Shein, Amazon is reportedly planning to add its own China-direct section, according to The Information.…
News June 27
