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2013 was the year of reimagination at Build-A-Bear Workshops across the nation, including reducing store counts, digitizing the store experience and multistation store remodels. This year, the retailer is streamlining its marketing messaging, opening pop-up stores and investing in supply chain efficiency — the glue behind its reimagination concept. Capital expenditures for 2014 are expected to be $12 million to $15 million to support selected store updates and openings, as well as the ongoing investment in IT infrastructure. With that in mind, the retailer still faces significant challenges.
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- People:
- Tina Klocke
- Places:
- New York City
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