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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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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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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. France’s sixth largest retailer Casino has just finalised a debt restructuring to avert bankruptcy.

Finance 130
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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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Afterpay parent Block’s Australian shares slump after Hindenburg report

Inside Retail

Hindenburg’s report, which was behind a market rout of more than $100 billion in India’s Adani Group earlier this year, said it found that former Block employees estimated 40 per cent to 75 per cent of accounts they reviewed were fake, involved in fraud, or were additional accounts tied to a single individual.

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Getting Retail Website Localization Right the First Time

Retail TouchPoints

The term localization for many retail professionals and marketers is closely linked to advertising localization — serving culturally appropriate advertising to key regional segments. the decline of the total retail market this year is expected to be double that experienced in the 2009 financial crisis. In the U.S.,

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Downtown Retail Revitalization: an Overview

Retail TouchPoints

The revenue generated was strategically reinvested into a comprehensive range of enhanced services, including security, sanitation, arts support, events, marketing, parking and advocacy. Events and inventive marketing strategies were meticulously organized to promote the district’s vibrant atmosphere and attract more visitors.

Planning 234