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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 213
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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 244
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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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AWS Q&A: How Retailers can Prepare Ecommerce Operations for COVID-Driven Uncertainty

Retail TouchPoints

What do you see as the biggest challenges retailers face at the moment? Consumers fear for their health and they fear for their finances, especially today with what is around 20 million. I think you’re going to have to look at it from a couple of perspectives, because it’s not in general across all of retail.

Grocer 334
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BNPL: A Win-Win for Retailers and Consumers as the Holidays Approach

Retail TouchPoints

BNPL is a financing option that makes sense from a consumer perspective. According to C+R Research , almost 30% of BNPL customers use the service at least once per month. Higher ticket sales: The majority of BNPL purchases fall under the “split pay” category, which hovers at around $250 per transaction.