Inflation, reduced government benefits affecting customer base, according to CEO
Expansion plans include opening 15 House of Sport locations
Current CEO Stephanie Linnartz is stepping down
Products and cosmetics will be available in Walgreens stores by the end of the month
Brands included are Meadowlake Pet Resort and Training Center, Playtime Pet Resort and Williamsburg Pet Hotel and Suites
While generative AI tools are becoming more common in retail, executives still have concerns related to bias and data security
Beauty and cosmetics retailers are falling short of customer expectations
Brand loyalty does not always mean there is a “fandom”
Online sales gained the most traction, with sporting goods and hobby categories not far behind
Plans include converting stores of the recently acquired Winn-Dixie and Harveys Supermarkets