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Nordstrom Names Ex-Target and Walmart CFO to Top Financial Post

Retail TouchPoints

Smith brings extensive experience in retail finance posts, including serving as CFO at Walmart from 2010 to 2014 and at Target from 2015 to 2020. At Nordstrom, Smith will be responsible for financial planning and analysis, accounting, tax, internal audit, treasury, investor relations and strategy sourcing.

Finance 338
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Torrid Appoints Retail Veteran as New CEO

Retail TouchPoints

Chinwe Abaelu, SVP and Chief Accounting Officer, will serve as Principal Financial Officer until Torrid appoints a new CFO. Muñoz has served in a number of roles at Torrid and Hot Topic since 2010. The change at the top comes amid a number of leadership shifts taking effect immediately. Former PVH Corp.

Apparel 255
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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

SVP and Chief Accounting Officer Michael Maher will step into the role on an interim basis while the company conducts an internal and external search for a permanent CFO. “As Bramman served as CFO and SVP of Carnival Cruise Line from 2010 to 2015 and Avery Dennison from 2015 to 2017.

Finance 269
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NRF: Holiday Spending Could Top $966B, but Shift from Goods to Services Continues

Retail TouchPoints

seen from 2010 to 2019. “It The NRF’s forecast, which is based on economic modeling that takes multiple factors into account, is in line with the Mastercard Spending Pulse prediction from September 2023 that U.S. retail sales will climb 3.7% for the Nov. 24, 2023 period.

Finance 261
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“No immediate impact”: Experts weigh in on Senate Committee’s recommendations

Inside Retail

This week, the Senate Committee on Supermarket Prices made 14 recommendations for the Government to consider amending the Competition and Consumer Act 2010 to end the alleged price gouging of the major supermarkets.

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McDonald’s class action claims systemic failure to provide rest breaks

Inside Retail

Under the McDonald’s Australian Enterprise Agreement 2013 and the Fast Food Industry Award 2010 staff?are to hold McDonald’s to account,” she said. It also found the franchisee misrepresented the nature of the breaks Staines was entitled to. are entitled?to breaks for shifts nine hours or longer. well-being?of of the workers, and the?class

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Report: Amazon Considering Peloton Acquisition as Fitness Company Seeks Profitability

Retail TouchPoints

He was CFO at Netflix from 1999 to 2010, putting him in a leadership role during the transition from mail-based distribution to streaming-based subscriptions. Additionally, Peloton will cut global positions across nearly all business operations to “streamline reporting structures and create clearer lines of accountability.”