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Annual shop price inflation eased to 1.1% in February, down from 1.5% in January, as retailers stepped up competitive pricing across food and non-food categories.
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In a statement emailed to Retail Insight Network, a spokesperson said the restructuring would involve certain positions across the workforce.
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In the quarter ended 31 January 2026, net sales declined 1.5% to $30.45bn from $30.91bn in the prior-year period.
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The brand was established in 2015 by former Pro Football player and journalist Michael Strahan, along with SMAC Entertainment co-founder and CEO Constance Schwartz-Morini.
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The company confirmed that Topper will take on the role of president and CEO of the general partner.
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