Responsible Retail: Reshaping Spaces And Sustainability Through Adaptive In-Store Initiatives [Forbes]
The ODP Corporation (ODP)
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Source: Forbes
getty The retail landscape has undergone a seismic shift in recent years, with a wave of store closures sweeping across the nation. So far, in 2024, major retailers announced the shuttering of over 3,200 locations , marking a 24% increase from the previous year. However, innovative retailers are fighting back against this trend by implementing creative "store-in-store" initiatives to increase foot traffic and improve customer engagement. These innovative approaches demonstrate how retailers are adapting to changing consumer preferences by offering unique merchandise options and service-oriented experiences that can't be replicated online. With these initiatives, retailers can not only increase foot traffic and revenue but also gain a higher sustainability footprint. Role Of Space And Assortment Planning For In-Store Initiatives The introduction of new in-store initiatives is mainly driven by space and assortment planning in retail environments. These changes are determined by
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ODP
Earnings
- 11/6/24 - Miss
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Analyst Actions
- 11/7/24 - UBS
ODP
Sec Filings
- 12/19/24 - Form 3
- 12/12/24 - Form 8-K
- 11/14/24 - Form SC
- ODP's page on the SEC website