retailers

Kohl’s Names New President & Chief Operating Officer

by Katie Lee February 28, 2023

Menomonee Falls, Wis. — Kohl’s has named 30-year retail veteran Dave Alves as its new president and chief operating officer, reporting to CEO Tom Kingsbury, effective in April. In this role, Alves will be responsible for Kohl’s enterprise operations including its nearly 1,200 stores, global supply chain and distribution centers, real estate portfolio, purchasing, sustainability, risk management and compliance functions. “We are thrilled to have Dave join our senior leadership team as we drive the business forward,” says Kingsbury. “Kohl’s is a tremendous company with a strong and loyal customer …

February 28, 2023

News retailers vendors

DoorDash Partners with ALDI to Expand On-Demand Grocery Delivery

by Katie Lee February 27, 2023

San Francisco — DoorDash, the local commerce platform, and ALDI, one of America’s fastest-growing retailers, have formed a new partnership to bring on-demand grocery delivery to nearly all ALDI locations across 38 states. With the addition of ALDI, more than 98% of DoorDash’s monthly consumers in the U.S. have access to a non-restaurant store on DoorDash. “By partnering with DoorDash, we can conveniently bring our award-winning, fresh and affordable groceries to even more of our customers’ doors with the click of a button,” says Scott Patton, vice president of national …

February 27, 2023

News retailers

MINISO Accelerates Global Development with New Brand Strategy

by Katie Lee February 24, 2023

Guangzhou, China — On February 24, 2023, global lifestyle retailer MINISO held a conference titled “MINISO – Bringing Joy to the World,” to unveil its global brand strategy in Guangzhou, China. The company took the opportunity to announce its new brand positioning and brand symbol, global development strategy, product strategy, etc. This year marks the 10th anniversary of the founding of MINISO, as well as the opening year of its updated global brand strategy. “The new global strategy marks the future of the company’s deep participation in the global retail …

February 24, 2023

News retailers

DICK’S Sporting Goods to Acquire Moosejaw

by Katie Lee February 23, 2023

Pittsburgh — DICK’S Sporting Goods has agreed to acquire leading outdoor retailer Moosejaw from Walmart. The acquisition will expand DICK’S outdoor portfolio — currently led by its specialty retailer, Public Lands — and reaffirm its commitment to the long term business opportunity in the growing multibillion-dollar outdoor category. The deal is expected to close in March 2023. Moosejaw, founded in Michigan in 1992, operates a successful e-commerce platform, has a loyal customer base, strong vendor relationships with outdoor brands and a passionate workforce. Moosejaw also operates brick-and-mortar locations in Arkansas, …

February 23, 2023

construction and design News retailers

The Athlete’s Foot to Launch New Omnichannel Store Concept this Spring

by Katie Lee February 22, 2023

Stans, Switzerland and Atlanta — The specialty footwear and lifestyle chain, The Athlete’s Foot (TAF), is reporting retail revenue of $555 million globally, growth of 10%+ from 2021. The numbers show that TAF successfully navigated a difficult retail environment plagued by supply chain challenges, rising inflation, socioeconomic and political unrest. The brand is looking forward to a solid and successful start to 2023 powered by a host of new brand partnerships, store locations and, most importantly, the spring launch of its 3.0 omnichannel store concept. “Although the retail landscape presented …

February 22, 2023

News retailers

Carvana Marks 10th Anniversary

by Katie Lee February 21, 2023

Phoenix — Carvana, an industry pioneer for buying and selling used cars online, is celebrating 10 years. Carvana’s iconic Car Vending Machine, which first debuted in Nashville in 2015, allows customers to save time by selecting a convenient time to pick up their new vehicle. Upon arrival, customers are greeted by a customer advocate and receive a commemorative, oversized Carvana coin to activate the automated vending process. Customers then get to watch their vehicle descend through the brightly lit vending structure from the heart of the all-glass tower — making …

February 21, 2023

Industry Voices retailers supply chain vendors

Retail Resilience

by Katie Lee February 17, 2023

— By Chelsea Brady — 5 opportunities to help retailers build resilient supply chains throughout 2023. From high inflation to rapidly changing labor needs and hiring challenges, retail manufacturers and logistics providers continue to face multiple supply chain challenges with their organizations and there’s no determination of when these challenges will subside. However, there are certain opportunities retail manufacturers and logistics providers can take advantage of now to start to overcome these challenges and rebuild their resilient supply chains throughout 2023 and beyond: Opportunity 1: So Long, Standardization Let’s face …

February 17, 2023

News retailers

Showcase Opens 150th Store, Quadruples U.S. Store Count

by Katie Lee February 16, 2023

Batavia, N.Y. — Trendspotting retailer Showcase is expanding its brick-and-mortar presence. Showcase has completed the largest and fastest single expansion in its 29-year history, and opened the 150th trend store located in Huntington Station, N.Y. In just 6 months, Showcase opened 31 stores across 13 states in the U.S. Northeast, as well as unveiled a new 147,000-square-foot distribution center in Batavia, N.Y. Showcase is privately-owned and operates 109 stores in Canada and 41 in the United States. Founded in Edmonton, Alberta, in 1994, Showcase is an award-winning retailer, product developer …

February 16, 2023

News retailers

CVS Agrees to Acquire Oak Street Health in $10.6 Billion Deal

by Katie Lee February 15, 2023

Woonsocket, R.I., and Chicago — CVS Health has agreed to acquire Oak Street Health in an all-cash transaction at $39 per share, representing a total purchase price of roughly $10.6 billion. The price represents a premium of approximately 11.9% over Oak Street’s opening price per share this morning. Chicago-based Oak Street Health is a network of primary care centers for adults on Medicare. The company employs approximately 600 primary care providers and maintains 169 medical centers across 21 states. By 2026, Oak Street Health plans to grow to more than …

February 15, 2023

News retailers

Tuesday Morning Files for Chapter 11; Plans to Close Underperforming Stores

by Katie Lee February 14, 2023

Dallas — Tuesday Morning Corp., an off-price retailer of home goods and décor, is pursuing a financial and operational reorganization by filing voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division. Invictus Global Management, LLC (together with its affiliates, “Invictus”) will provide $51.5 million of debtor-in-possession (DIP) financing to support ongoing operations during the proceedings. “After considering how best to address Tuesday Morning’s exceedingly burdensome debt, we have determined that the best path …

February 14, 2023

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