Enjoy Technology files for bankruptcy with plans to sell itself; Ace Hardware shuts down The Grommet, lays off 44; Walmart to acquire AR optical tech firm Memomi; Bed Bath & Beyond CEO out as sales fall 25% in Q1
The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn.
Mark Tritton, who took the helm in late 2019 after helping execute a turnaround at Target, is replaced by independent board member Sue Gove in the interim.
Find out how to stay ahead of consumer demands, seasonal trends and inventory challenges when selling across multiple platforms in this new playbook: Download now.
With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.
To drive better sales, retailers will need a forward vision that puts consumer data at the center of product development. Find out how in this playbook.
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