Ollie’s Buying Up Big Lots Leases; New CEO to Take Reins in February
Ollie’s Bargain Outlet is making notable strides in the retail sector, recently announcing a 7.8% increase in revenue for its third quarter. The company has strategically leveraged former Big Lots locations to fuel its expansion, a move that comes on…
Franchise Group Inc. Faces Bankruptcy: A Cautionary Tale for Retail and E-Commerce
Franchise Group Inc. (FRG), the parent company of well-known brands like The Vitamin Shoppe and Pet Supplies Plus, recently filed for Chapter 11 bankruptcy—an event that signals significant shifts within the retail and e-commerce landscape. With nearly $2 billion in…
Ollie's Acquires Additional Big Lots Stores: A Strategic Move Amidst Retail Turmoil
Ollie’s Bargain Outlet Holdings Inc. recently announced the acquisition of eight more leases for former Big Lots stores, expanding its footprint in the discount retail market. This acquisition follows Big Lots’ filing for Chapter 11 bankruptcy protection in September 2023,…
Protect your profits: How to prevent downtime and maximise Black Friday sales
As Black Friday approaches, retailers are on the brink of one of the most lucrative shopping events of the year. However, with great opportunity comes significant challenges, particularly in the realm of technology. Many retailers are held back by outdated…
Consumers Easing Up on Inflation-Centric Habits: Report
Recent research indicates that consumers are becoming less stringent about their grocery spending habits as inflationary pressures show signs of stabilizing. A survey by the consumer research platform Attest reveals a significant shift in consumer behavior regarding grocery shopping, with…
How to create a customer journey map
The customer journey map is an essential tool for retailers seeking to enhance their connections with customers. It serves as a visual representation of how customers interact with a brand, enhancing the understanding of their needs and expectations at various…
Somia Farid Silber Steps into Leadership at Edible Brands: A New Era in Digital and Retail Integration
In a significant leadership transition, Edible Brands has appointed Somia Farid Silber as its new CEO, taking the reins from her father, Tariq Farid, the company’s founder. This generational shift not only brings a new perspective to the company but…
SpartanNash Continues Reimagined Family Fare Pilot in Michigan
In a significant move to enhance the grocery shopping experience, SpartanNash has unveiled a newly remodeled Family Fare store in Sparta, Michigan. This location is the second pilot of the company’s reimagined grocery concept, aimed at integrating innovative offerings while…
The New Era of The Aaron’s Company: A Strategic Acquisition for Growth
The recent acquisition of The Aaron’s Company by IQVentures Holdings marks a significant milestone for the recognizable American retailer. Established in 1955 by Charles Loudermilk, Aaron’s has historically served consumers seeking affordable options for electronics, furniture, and appliances. The brand’s…
Is This the Year for the Holiday Rebound?
Consumers are more inclined to spend on the upcoming holiday season compared to last year, but they still exhibit caution due to ongoing economic challenges and uncertainties. As researchers noted in a recent study by Circana, shoppers appear to juggle…
