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Albertsons Launches AI-Powered Restructure Following Soft Q1 Results
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Mizzen+Main
Men’s apparel retailer Mizzen+Main has launched a new store concept in New York City’s West Village designed to remind visitors of a small-scale lounge. The experiential space is less focused…
News March 3
Kroger Plans $770M Investment in Raising Wages, Boosting Benefits for Frontline Workers
Kroger will make a more than $770 million incremental investment in its associates during 2023 in order to raise average hourly rates, improve healthcare options and build new training and…
News March 3
Best Buy Shutters Up to 30 Larger Stores as it Shifts Omnichannel Operating Model
Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential…
News March 3
Nordstrom to Wind Down Canada Operations, Closing 13 Stores and Ecommerce Site
Nordstrom will shutter its six full-line department stores and seven Nordstrom Rack stores in Canada, along with its Canadian website, in a move that is expected to save the retailer…
News March 3
Personalization that Consumers Expect Post-Pandemic
Today’s retail environment is challenging — whether it is price pressure from discounters, market disruption from online players, increased price transparency for shoppers or changing macroeconomics. To top that off,…
Executive Viewpoints March 3
Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success
While the 2022 holiday season was an overall success, the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That…
Features March 3
SaksOff5th.com CEO Steps Down
SaksOff5th.com CEO Paige Thomas has left the company to pursue other opportunities, a company spokesperson has confirmed. Thomas has led the brand as President and CEO since February 2020, including…
News March 2
Kohl’s CEO Asks Shareholders for Patience Following Q4 Loss, Foresees ‘Transitional’ Year Ahead
A surprise loss in Q4 2022 put Kohl’s newly confirmed CEO Toms Kingsbury in the hot seat as the company continues to grapple with declining sales and pressure from activist…
News March 2
Fanatics Taps Former Red Bull Exec to Head Marketing for Collectibles Division
Former Red Bull CMO Ken Turner has been named as the first Chief Marketing Officer of Fanatics Collectibles, Fanatics‘ growing trading cards and collectibles business. Collectibles have become a big focus…
News March 2
