Omnichannel News

NRF: Recession unlikely, growth ahead

February 7, 2023

A U.S. recession is unlikely and there will be slight growth this year, according to National Retail Federation Chief Economist Jack Kleinhenz.

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Excess stock a challenge for half of U.S. retailers

February 6, 2023

Half of U.S. retailers are grappling with excess stock just as the brands are dealing with the annual wave of product returns, with 27% writing off excess…

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Automated tech, revenue top of mind for retailers

February 2, 2023

Just over one third of U.S. retailers, 33%, are building entirely separate market approaches to appeal to Gen Z consumers and 77% plan to expand the number of…

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Guitar retailer moves to cloud for omnichannel strategy

February 1, 2023

Guitar Center Inc., which sells musical instruments in the U.S., is redeploying its data centers to Oracle Corp.'s cloud platform for better support of its…

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Pool services brand deploys tech to connect online, in-store experiences

February 1, 2023

Poolwerz, a leading franchise pool service brand, is driving a digital transformation strategy with the deployment of Spryker, an enterprise marketplace…

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Lululemon teams with Nedap Retail to boost omni-guest experience

January 31, 2023

Athletic apparel retailer lululemon is partnering with Nedap Retail, an RFID solution provider, to boost the omin-guest experience across its 600-plus stores…

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Neiman Marcus names chief brand, retail officers

January 24, 2023

Nabil Aliffi has been named as chief brand officer and Stefanie Tsen Ward has been promoted to chief retail officer at Neiman Marcus Group.

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Bankruptcy ahead for Party City

January 23, 2023

Beleaguered party supply chain Party City has filed for bankruptcy but a financing deal will keep stores open and running.

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Bed Bath & Beyond shuttering more stores

January 17, 2023

Bed Bath & Beyond is closing more stores than originally planned as it struggles financially.

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Victoria’s Secret CEO resigning

January 12, 2023

Amy Hauk, CEO of Victoria's Secret brand and CEO of PINK, will leave her roles as of March 31.

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Macy’s didn’t have a super jolly holiday

January 11, 2023

Macy's department store is sticking to its Q4 guidance despite a holiday season that didn't prove as rewarding as expected.

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Rite Aid chief leaves role

January 11, 2023

Rite Aid has named an interim chief in the wake of Heyward Donigan, president and CEO, leaving the drugstore brand.

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Walgreens: Retail theft may not be so bad after all

January 9, 2023

After declaring retail theft was exploding in 2022, Walgreens is taking a big step back from the declaration regarding shrinkage.

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Stitch Fix founder returning as CEO

January 6, 2023

Stitch Fix Founder Katrina Lake is coming back to the CEO role as current CEO Elizabeth Spaulding is leaving after a year and a half on the job.

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Amazon expanding corporate layoffs from 10K to 18K

January 5, 2023

The next massive layoff wave at Amazon will start Jan. 18 as the omnichannel retailer now plans to layoff 18,000 corporate staffers, primarily in the retail…

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Bed Bath & Beyond may be headed to bankruptcy

January 5, 2023

Bed Bath & Beyond expects its third quarter results to be so dismal that it may not be able to keep stores operating as sales likely dipped by nearly 30%.

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