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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 252
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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 249
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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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Fall of the zombies? Why corporate failures could surge in 2024

Inside Retail

A crunch is looming, finance industry experts said, with many weaker, smaller businesses seeking new private loans and public debt deals just as government borrowing costs – which influence loan rates – are soaring globally. Failure to secure the cash they need at rates they can afford could lead to insolvencies and layoffs.

Finance 130
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Why this CEO is challenging more leaders to measure their impact beyond ROI

Inside Retail

What we give, not what we get In 2009, our 14-year-old daughter, Steph, was denied a life-changing school trip to Cambodia to volunteer with disadvantaged rural families. We decided to embrace the opportunity and travelled to Cambodia as a family, volunteering to teach English at a rural school in Siem Reap province.

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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 190
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Retail appointments of the week

Inside Retail

McLay formerly worked at Australian supermarket chain Woolworths, serving as general manager of a number of divisions, including replenishment, cost focus, and business development, as well as operations manager for logistics. “I At this time, it is business as usual. Murray has also resigned as executive director of Premier. “At

Outdoor 130