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Chico’s Appoints Company Veteran as New CFO

Retail TouchPoints

Chico’s FAS has appointed David Oliver, SVP – Finance, Controller and Chief Accounting Officer, to the role of EVP – CFO and Chief Accounting Officer, effective June 24, 2023. Current EVP – CFO Patrick Guido has resigned to accept a position at another company where he can be located closer to his family.

Finance 263
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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. That’s according to a recent study by the ICSC that surveyed Gen Z consumers, defined by the Pew Research Center as those born between 1997 and 2012.

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Five Below Appoints New COO to Help it Pursue Triple Double Growth Plan

Retail TouchPoints

The company’s Triple Double growth plan was announced in March 2022 , when it set the goal of tripling its store count to more than 3,500 locations by the end of fiscal 2030 while at least doubling sales and growing operating margin by 14% by the end of fiscal 2025.

Planning 278
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RFG settles unconscionable conduct case brought by ACCC

Inside Retail

RFG will compensate franchisees who paid levies into Michel’s marketing fund between 1 July 2012 and 30 June 2017. These franchisees had between 1 January 2015 and 31 December 2018, unknowingly bought into corporate stores that had operated at a loss – something RFG did not disclose at the time of purchase.

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RFG settles unconscionable conduct case brought by ACCC

Inside Retail

RFG will compensate franchisees who paid levies into Michel’s marketing fund between 1 July 2012 and 30 June 2017. These franchisees had between 1 January 2015 and 31 December 2018, unknowingly bought into corporate stores that had operated at a loss – something RFG did not disclose at the time of purchase.

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2 Top Target Chiefs Announce Retirement Plans

Retail TouchPoints

Mulligan will remain in his role until February 2024, at which time he will transition to a strategic advisor role until his official retirement in February 2025. During his 27-year tenure with the company, he has held a variety of leadership positions in finance, digital and human resources, including acting as CFO from 2012 to 2015.

Planning 147
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Is the subscription economy still relevant?

Inside Retail

As consumers sought convenience and at-home solutions during the pandemic, subscription services across various sectors saw unprecedented growth. He said the latest trend in this model is the integration of Buy Now Pay Later as a financing option, further reducing the barrier to entry into ownership.