But Çakmak was blunt about what the market demands of newcomers. “It requires much more extensive engagement and showing that you appreciate and understand the culture,” he said. “Thirty-five million local population is a very different engagement than any other country in the region. It’s not an expat mindset.”That ambition is backed by concrete institutional investments. The commission’s Saudi 100 Brands program, now in its fourth year, incubates more than 100 local labels annually. Istituto Marangoni ope ...

Management Presentation FEBRUARY 24, 2026 Tanger Outlets Phoenix Table of Contents Our Company and Strategy 3 Activating Growth Leasing, Marketing, and Operations Accelerating Growth A Portfolio Positioned in the Path of Demand External Growth Accretive Portfolio Expansion to Drive Value Appendix 45 4Q 2025 | 2 17 27 35 Our Company and Strategy Tanger Outlets Grand Rapids 3 4Q 2025 | Innovating Retail for 40+ Years | 1981 | 1993 | 16M+ SF | 41 | | --- | --- | --- | --- | | Founded | Listed (NYSE: SKT) | of ...

Core Insights - VenHub Global, Inc. is enhancing its technology innovation efforts in autonomous retail solutions with the appointment of Tarang Sethia as Executive Vice President of Product & Technology [1][2] Group 1: Management Changes - Tarang Sethia has been appointed to lead VenHub's product vision and technology platform, focusing on scalable systems to accelerate Smart Store growth and improve unit economics [2] - Sethia reports directly to the CEO, Shahan Ohanessian, and is expected to drive continuous innovation in the company's technology development [2][3] Group 2: Leadership Background - Sethia brings over 20 years of experience in product and technology leadership, having previously worked at bp and 7-Eleven, where he led significant retail technology transformations [3] - His expertise includes developing customer-centric digital products and scalable commercial solutions, which will be instrumental in VenHub's growth strategy [3][4] Group 3: Product and Technology Focus - VenHub's Smart Stores utilize robotics, automation, and mobile technology to provide a seamless, unattended shopping experience, operating 24/7 [4][5] - The stores are designed for secure operations and efficient transactions, catering to a wide range of consumer needs at any time of day [4]

Financial Data and Key Metrics Changes - The company reported a holiday comparable store sales increase of 9.3%, building on last year's 7.1%, resulting in a two-year stack of 16.4% [5] - Year-to-date through December, comparable store sales increased by 9.8%, with a two-year stack year-to-date of 13.3% [5][23] - The company aims for total sales growth of $150 million, targeting approximately $900 million in fiscal 2027, with a gross profit rate expansion of about 400 basis points to 42% [25][26] Business Line Data and Key Metrics Changes - The company operates 591 stores across 33 states, with annual sales of about $820 million in fiscal 2025 [7] - The company plans to open 25 new stores in 2026 and at least 40 stores per year from 2027 onward, aiming for approximately 650 stores by the end of 2027 [19] Market Data and Key Metrics Changes - The company has a strong market presence in the Southeast, focusing on African-American customers, which has created a loyal customer base [8][12] - The off-price retail sector has historically grown faster than traditional retail, and the company aims to align its market valuation with this sector [10] Company Strategy and Development Direction - The company is focused on a clear, disciplined growth plan designed to deliver sustainable value creation and strengthen its position as a leading neighborhood retailer for African-American families [4] - The strategy includes a three-tiered product assortment to appeal to all income levels, with a focus on style, price, and trends [10][12] - The company is investing in capital projects, primarily store remodels, new store openings, and technology infrastructure, with a total capital spend expected to be around $45 million in 2026 and 2027 [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's transformation strategy, highlighting consistent comparable store sales increases and a strong customer connection [30] - The company is positioned for growth with a debt-free balance sheet and projected cash balance of $65 million in the next three years [9][22] - Management acknowledged that while progress has been made, significant work remains ahead to refine processes and optimize categories [30] Other Important Information - The company has implemented an AI-based planning and allocation system to improve inventory management and reduce markdowns [27] - A marketing campaign titled "Joy Looks Good on You" has been launched, resonating well with the target demographic and achieving over 12 million viral views [15][16] Q&A Session Summary Question: What are the expectations for future sales growth? - The company expects consistent total store sales growth of 6%-8% annually, resulting in sales of over $900 million in 2027 [26] Question: How is the company addressing inventory management? - The company is leveraging AI tools to analyze transaction data and improve inventory allocation, aiming for approximately 90% accuracy in sales prediction [20]

Financial Data and Key Metrics Changes - Citi Trends reported a holiday comparable store sales increase of 9.3%, following last year's 7.1%, resulting in a two-year stack of 16.4% [5] - Year-to-date through December, comparable store sales increased by 9.8%, with a two-year stack year-to-date of 13.3% [5][23] - The company aims for total sales growth of $150 million, targeting approximately $900 million in fiscal 2027, with a gross profit rate expansion of about 400 basis points to 42% [25][27] Business Line Data and Key Metrics Changes - The company operates 591 stores across 33 states, with annual sales of about $820 million in fiscal 2025 [7] - The three-tiered product strategy includes value-focused basics, better quality products priced between $7-$12, and an expanding extreme value segment aimed to represent an incremental 10% of total sales [11][12] Market Data and Key Metrics Changes - Citi Trends is positioned as the only off-price retailer specifically focused on African-American customers, creating a uniquely loyal customer base [8] - The average customer household income ranges from $50,000 to $150,000, with over one-third shopping weekly or biweekly [12][14] Company Strategy and Development Direction - The company is focused on a disciplined growth plan designed to deliver sustainable value creation and strengthen its position as a leading neighborhood retailer for African-American families [4] - Future plans include opening 25 new stores in 2026 and at least 40 stores per year from 2027 onward, aiming for approximately 650 stores by the end of 2027 [19][22] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of community connection and the competitive advantage it provides, noting that transaction growth has driven comparable sales increases [17] - The company is in the early stages of a transformation, with significant opportunities ahead, and is committed to refining processes and optimizing categories [30] Other Important Information - Citi Trends operates a debt-free balance sheet, projecting a cash balance of approximately $65 million and total liquidity of about $140 million [9][22] - The company has implemented AI-based systems for inventory management, which are expected to improve efficiency and reduce markdowns [27][28] Q&A Session Summary Question: What are the expectations for future sales growth? - Management expects consistent total store sales growth of 6%-8% annually, resulting in sales of over $900 million in 2027 [26] Question: How is the company addressing supply chain challenges? - The company is leveraging technology and innovation to improve inventory management and reduce costs, including implementing markdown optimization [28]

Financial Data and Key Metrics Changes - Citi Trends reported a holiday comparable store sales increase of 9.3%, following a 7.1% increase last year, resulting in a two-year stack of 16.4% [5] - Year-to-date through December, comparable store sales increased by 9.8%, with a two-year stack year-to-date of 13.3% [5][20] - The company aims for total sales growth of $150 million, targeting approximately $900 million in fiscal 2027, with a gross profit rate expansion of about 400 basis points to 42% [22] Business Line Data and Key Metrics Changes - Citi Trends operates as an off-price retailer specializing in family apparel, accessories, and home categories, with annual sales of about $820 million in fiscal 2025 [6] - The company plans to grow its extreme value segment to represent an incremental 10% of total sales, focusing on branded products purchased at steep discounts [10] Market Data and Key Metrics Changes - Citi Trends has built a competitive position within the off-price retail sector, specifically targeting African-American customers, which has resulted in a loyal customer base [7] - The company operates 591 stores across 33 states, with a strong presence in the Southeast, and plans to increase its store count to approximately 650 by the end of 2027 [6][17] Company Strategy and Development Direction - The company is focused on a clear, disciplined growth plan designed to deliver sustainable value creation and strengthen its position as a leading neighborhood retailer for African-American families [4] - Citi Trends is implementing a three-phased framework for transformation, focusing on repair, execution, and growth, with an emphasis on improving operational capabilities and customer connection [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's transformation strategy, highlighting consistent comparable store sales increases and a strong customer connection [26] - The company is positioned for growth with a debt-free balance sheet and plans to invest in capital projects, including store remodels and new store openings [19][26] Other Important Information - Citi Trends has a projected cash balance of approximately $65 million and total liquidity of about $140 million, providing flexibility for growth initiatives [8][19] - The company has refreshed 62 high-volume stores this year, with plans to continue remodeling about 50 stores per year as part of its market investment strategy [15][16] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Core Insights - Despite cooling inflation in 2025, concerns about tariffs are affecting consumer sentiment, with 51% of shoppers very concerned about tariffs impacting prices and 42% concerned about inflation [1][6] - Americans plan to spend as much as last year on holidays but with more intentionality, focusing on value and seeking out deals [3][4] Consumer Behavior Trends - 65% of households plan to match or increase their holiday budget compared to last year, with higher-income households showing even greater intent [4] - The average American household is expected to spend 5.7% more on holiday expenses in 2025 than in 2024 [5] - 77% of shoppers believe their holiday spending will be affected by tariffs, with many planning to shop early or wait for discounts [6] Holiday Shopping Patterns - A longer holiday season is anticipated, with continuous sales throughout the fourth quarter, driven by economic anxiety and a response to discounts [7] - Cyber Week is projected to account for 38.4% of all holiday spending, with many shoppers waiting for Black Friday or Cyber Monday for major purchases [12] - Mobile ordering reached 54.5% of online revenue in late 2024, but desktop orders had a higher conversion rate [13] Marketing Strategies - Small businesses can leverage their flexibility to navigate the holiday season effectively, focusing on community engagement and tailored messaging [21] - Early sales and targeted marketing are crucial, as 88% of shoppers prefer receiving holiday offers before major holidays [24] - Building a community around the brand can convert local shoppers into high-value customers, with 52% of Americans planning to buy from local brands [26] AI and Technology Integration - 61.3% of small business owners view AI tools favorably, while consumer trust varies significantly across demographics [8][9] - 49% of U.S. shoppers are likely to use large language models for gift idea research, indicating a shift in how consumers seek information [34] - Optimizing websites for search engines can enhance visibility in AI-generated responses, making it essential for businesses to implement relevant keywords [35]

What To Expect In 2026 From AI In Retailhttps://t.co/DH5YQkWgFm ...

Group 1 - Target is set to be one of the first retailers to offer shopping flexibility through ChatGPT, as announced by COO and incoming CEO Michael Fiddelke during an earnings call [3] - The initiative aims to enhance customer experience by making shopping through ChatGPT as intuitive and enjoyable as in-store browsing, according to Prat Vemana, Target's chief information and product officer [4] - Target has already been utilizing OpenAI technologies and has trained its staff with the help of OpenAI [4] Group 2 - OpenAI is actively collaborating with retailers, including Walmart, to enhance commerce features within ChatGPT, with Walmart recently announcing its integration of the Instant Checkout feature [5] - The Instant Checkout function was initially launched with Etsy and Shopify in September for U.S. ChatGPT users, allowing for single-item purchases [6] - Target's move into ChatGPT commerce comes as the company faces declining sales, with merchandise sales dropping by 1.9% and store comps declining by 3.8% in the third quarter [7] Group 3 - Target plans to launch a beta version of its app on OpenAI's ChatGPT, enabling customers to make multi-item purchases and buy fresh food products, with various fulfillment options available [8] - The app will provide personalized recommendations and allow users to connect their Target accounts for a seamless shopping experience [8] - Future updates to the ChatGPT application will include linking Target Circle accounts and offering same-day delivery options [8]

Core Insights - The RealReal reported strong third-quarter results, with gross merchandise value (GMV) increasing by 20% to $520 million and revenue rising by 17% to $174 million, leading to an upward revision of full-year GMV guidance to over $2.1 billion [2][3] Sales Performance - The company’s internal report highlighted fine jewelry as the fastest-growing category, with first-time watch buyers increasing by 46% and searches for wedding dresses rising by 247% year-over-year [4] - Handbag searches for fair-condition items grew by 32%, indicating a shift towards practicality and value retention among consumers [4] Consumer Behavior - Economic conditions are influencing consumer behavior, with nearly 70% of Americans living paycheck to paycheck and 25% struggling to pay bills recently [5] - Almost half of U.S. shoppers now purchase secondhand items as frequently as new ones, suggesting that resale has become a regular purchasing behavior rather than a niche choice [5] Operational Efficiency - The company’s growth strategy emphasizes supply quality and operational discipline, with a revised compensation plan that increased average supply value per luxury manager by 12% [7] - The AI-enabled intake system, Athena, managed 27% of all items during the quarter and is projected to handle 40% by year-end, automating authentication and listing processes [8] Financial Metrics - Gross profit rose by 16% to $129 million, supported by higher-value sales and automation gains, while consignment margins improved to 89% and direct-sales margins rose to 21% [11] - Operating expenses decreased by 6% as a share of revenue, reflecting continued cost discipline, with the company ending the quarter with $123 million in cash and reducing debt by $86 million since early 2024 [11] Future Outlook - For the fourth quarter, The RealReal expects GMV between $585 million and $595 million, representing an approximate 17% increase, and revenue between $188 million and $191 million, up roughly 16% [12] - Management anticipates that efficiency improvements and sustained consumer demand for secondhand luxury will support steady growth into 2026 [12] Customer Engagement - Users who both buy and consign, referred to as "Flywheelers," are two to three times more valuable than single-side participants, driving higher transaction frequency and long-term loyalty [9] - The RealReal's high-value pop-up events generated over $2.6 million in supply within a few days, indicating strong engagement with luxury consignors [10]