New Dollar Store Regulations In Chicago, Beyond's 'Fatal Mistake', And Giant Eagle's IoT Adoption

Here are the top stories in the retail world for today:

1. Chicago Dollar Store Regulations: The Chicago City Council approves an ordinance imposing regulations on dollar stores to prevent clustering within close proximity. The ordinance aims to address concerns about sanitation, rat infestations, and outdated merchandise by requiring stores to allocate space for fresh products and carry insurance policies.
2. Beyond's Relaunch Plans: Marcus Lemonis, Beyond's executive chairman, criticizes the decision to shut down Overstock and emphasizes the potential for both Bed Bath & Beyond and Overstock to benefit from the relaunch. Beyond outlines ambitious revenue targets, cost-cutting initiatives, and strategies to drive customer acquisition and retention.
3. Giant Eagle's IoT Adoption: Giant Eagle implements IoT-based monitoring technology to track products in its supply chain and stores, aiming to prevent waste, shrinkage, and ensure compliance with regulations. The technology helps prevent inventory spoilage, monitor equipment health, and enhance product quality and sustainability.

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