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Can Allbirds make a comeback with a new CEO and transformation plan?

Inside Retail

Co-founded by Tim Brown and Joey Zwillinger in 2015, the company quickly became a hit amongst Silicon Valley-types and raised over US$200 million from venture capital investors, including Tiger Global Management, Lerer Hippeau, and Maveron. The post Can Allbirds make a comeback with a new CEO and transformation plan?

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Lounge Underwear selects Manchester Arndale as its newest location

Retail Times

Lounge Underwear has continued its exciting expansion plans after agreeing a 10-year lease for a 2,746 sq ft unit at Manchester Arndale. Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides!

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Macy’s Plans ‘Backstage’ Shop-in-Shops

VMS

Macy’s (New York) has announced plans to open 45 Backstage shop-in-shops in select Macy’s locations in 10 different states this year, according to Retail Dive. Morgan’s 7 th annual Retail Round-Up conference that the department store company was planning more standalone Backstage stores in addition to the shop-in-shops.

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Sears Closes Another of its Last Remaining Locations

VMS

owners of Sears and Kmart, announced plans to permanently close the Ft. Sears location. The company also sold some land it owned adjacent to the location to RK Centers, which is planning to build a mixed-use development on the site. Transformco (Hoffman Estates, Ill.), Lauderdale, Fla.,

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Foodle: the new food emporium capitalising on appetite for Asian cuisine

Inside Retail

Located at Highpoint shopping centre in Melbourne’s western suburbs, Foodle offers a combination of grocery shopping, dining, and take-home options. Loh, known for successful Australian restaurant chains including Sushi Jiro, Old Beijing, and Dragon Hotpot, plans to expand the Foodle concept in the coming months. million in 2015.

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Amazon to close physical bookstores, focus on groceries

Inside Retail

Amazon is planning to shut all 68 of its physical bookstores, Amazon 4-star, and Pop up stores across the US and UK, shifting its focus to the groceries businesses and new retail concepts, the company told Reuters. The cost base of the stores is reasonably high because most are located in premium malls where rental costs are high.”.

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Starbucks projects profit growth from tech, stores, workers spending

Inside Retail

Starbucks Corp projects profits to grow between 15 to 20 per cent per share over the next three years, a significant increase from previous guidance based on spending plans of US$2.5 The plan includes new equipment to heat food faster with less plastic waste, new store designs with larger shelves for orders and additional employee benefits.

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