T.J. Maxx Expansion, Boot Barn's Whopping New Store Goals, CFPB Regulation on Buy Now Pay Later
May 24, 2024•4 min•Season 1Ep. 136
Episode description
Welcome to Omni Talk's Retail Daily Minute, sponsored by Ownit AI and Mirakl. Ownit AI helps brands and retailers win Google search by answering their shopper's questions online. Learn more at ownit.co. Mirakl is the global leader in platform business innovation for eCommerce. Companies like Macy’s, Nordstrom, and Kroger use Mirakl to build disruptive growth and profitability through marketplace, dropship, and retail media. For more, visit mirakl.com
Here are today's top headlines:
- T.J. Maxx Cos, the world's largest off-price retailer, is poised for significant expansion, with plans to potentially add 1,300 or more stores globally in the coming years.
- Boot Barn is making strides towards its goal of opening 900 stores across the United States by 2030, recently celebrating the opening of its 400th store in Vallejo, California.
- The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule clarifying that Buy Now, Pay Later lenders are considered credit card providers, subjecting them to certain legal protections and rights applicable to traditional credit cards.
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