Finance & Capital Management

The Canadian retailer says it will open 80 new stores and renovate hundreds.

German discounter also reveals ambitious growth plans for 2025.

In addition to the five-year plan, amounting to approximately 4.5 billion USD, the retailer has agreed to sell its fleet business to Canada Cartage.

Organizational alignment can drive exceptional retail media performance, writes Angela Myers of G-Comm, a division of Goodway Group.

As retail media spend surges, the blockbuster deal is an attempt to position the two longtime rival companies to better compete and help solve the fragmentation challenge brands are facing.

Thirteen people were hired or promoted to leadership roles, including division vice president of store operations and inventory planning and strategy lead.

The Canadian retailer plans to grow its store counts in Quebec and Ontario.

The Canadian retailer is on track to open 50 stores in 2024 — and intends to exceed that number in 2025.

Here's a snapshot of an industry leader from the P2PI member community.

The collaboration underscores the companies’ shared goal to democratize retail media.