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Lorna Jane’s profit doubles thanks to strong demand for athletic clothing

Inside Retail

million in the prior year, the Australian Financial Review reported, citing accounts filed by the company. Clarkson sold a 40 per cent stake to private equity firm Champ Ventures in 2010 but brought it back in 2020, together with her husband Bill. Lorna Janes profit for the 12 months ended June 30 rose to $21.3 million from $11.6

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It’s Time to Confront the Exploitation Behind Ultra-Fast Fashion

Retail TouchPoints

Even when forced labor is identified, accountability is rare, and bad actors simply shift production elsewhere to avoid scrutiny. Demand accountability. Your voice matters in holding fast-fashion companies accountable for propping up their business model with unlivable wages and forced labor.

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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 340
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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 263
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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 278
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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 264
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The Labubu effect: How Pop Mart is leading the blind box economy

Inside Retail

Founded as a small toy store in China in 2010 by Wang Ning, Pop Mart has grown into one of the leaders in the blind box industry. billion RMB, accounting for 29.7 The company now boasts more than 450 retail stores and achieved global sales of US$871 million last year. Pop Mart’s revenue from international markets reached 13.5

Marketing 130