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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

Over the course of her 33-year career, Bramman has worked in different areas of finance with companies including Henri Bendel and Victoria’s Secret when the brands were part of L Brands. Maher has more than 25 years of finance and accounting experience and joined Nordstrom in 2009 as controller.

Finance 278
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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. Source: ICSC Financial concerns also affect how Gen Z pays for things: 45% use debit cards, 21% prefer cash, and credit cards come in third at 17%.

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Rothy’s Names New CEO and President as Co-Founders Move Up

Retail TouchPoints

She also served as President and CEO of Charlotte Russe from 2009 to 2019 and has served on the boards of companies including Kendra Scott, Levi Strauss & Co. She will continue to oversee the deployment of growth capital and manage Rothy’s finance, logistics, data analytics, retail, international and technology divisions.

Finance 264
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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

At the beginning of the pandemic, CEO and Cofounder Jennifer Hyman cut costs by 51% , raised additional financing and scaled back capital outlay by shifting from buying merchandise to a revenue-sharing consignment model, according to a July 2020 article in The Wall Street Journal.

Apparel 247
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Primark boss resigns after investigation into ‘error of judgement’

Retail Gazette

Marchant, who joined Primark in 2009, will be replaced by ABFs finance chief Eoin Tonge on an interim basis and the groups financial controller Joana Edwards will be the interim finance director. At ABF, we believe that high standards of integrity are essential.

Finance 59
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What Can and Should Retailers Do About Climate Change?

Retail TouchPoints

In this sweet spot, interests align at the crossroads of environmental sustainability and an opportunity to build customer loyalty, whether those customers are motivated by price, concern about the environment or a combination of both. Abigail Ingalls is a Senior Research Analyst at Breckinridge. Ingalls joined the firm in 2009.

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Getting Retail Website Localization Right the First Time

Retail TouchPoints

the decline of the total retail market this year is expected to be double that experienced in the 2009 financial crisis. At the same time, it’s being reported by retailX that cross-border ecommerce in the EU grew by 30% this year. However, it can come at a prohibitive cost for most retailers. In the U.S.,