Aug. 8, 2022
| Today’s news and insights for retail leaders
As the sport rises in popularity, brands are breaking from tradition and investing in running shoes that are actually manufactured for a woman’s foot.
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The deal comes with new talent and technology aimed at vendor management, seamless shopping and anticipating demand.
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Total retail sales are expected to reach $5.5 trillion by that same year, according to Forrester
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Returns management is an expensive business. Managed well, it's also key to retaining customers, curbing losses and fueling revenue for the long haul.
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The company announced the retirement of COO Tom Glaser, and said Scott Roe will be taking on the title in addition to his current position as CFO.
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The Uniqlo sister brand will launch a pop-up in New York City this fall.
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The direct to consumer space has seen major growth in recent years, with giants like Amazon and Target paving the way and DTC darlings like Casper and Dollar Shave Club proving the model.
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Following others in the sector, the retailer is leaning deeper into service offerings to maintain loyalty with consumers.
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