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Executive Summary:
This week’s retail update spotlights major strategic shifts by leading companies:
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GameStop’s Asset Sale: The gaming retailer is actively seeking buyers for its operations in France and Canada as part of a broader international asset review. CEO Ryan Cohen even humorously invited interested parties via email, hinting at an acquisition package loaded with unconventional perks. This move follows ongoing portfolio evaluations that may also result in store closures.
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REI’s DEI Commitment: Amid external pressures to alter its diversity and inclusion practices, REI has doubled down on its values-led approach. With CEO transition imminent, the co-op reaffirmed its commitment to equitable access to outdoor experiences and environmental stewardship.
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Hasbro’s Turnaround Plan: Hasbro announced its “Playing to Win” strategy aimed at transforming the company into a modern play enterprise. Key objectives include expanding its global reach from 500 million to 750 million consumers by 2027, driving mid-single digit revenue growth, and achieving $1 billion in cost savings. This strategic overhaul follows a notable 17% decline in 2024 fiscal revenue, primarily due to the divestiture of its film and TV segment.
Additionally, the update briefly covers lighter retail news, including Megan Thee Stallion’s new tequila brand and a limited-edition doughnut collaboration between Krispy Kreme and Hulu.
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