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McDonald’s Australia CEO resigns, new boss announced

Inside Retail

Chiczewski joined McDonalds in 2012, and has held several roles in strategy, finance, and operations. He takes over from Martinez who started his career at McDonalds as a 15-year-old crew person at McDonalds Yallambie, Victoria. An accounting and marketing graduate, Chiczewski also has a Masters of Business degree.

Finance 226
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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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The Honest Company Rides ‘Conscious Consumerism’ Wave Toward Potential $100M IPO

Retail TouchPoints

Co-founded by actress Jessica Alba in 2012, the company touts a line of hypoallergenic, ethically sourced products in the baby, beauty and home cleaning categories. will seek to list on the Nasdaq under the symbol “HNST” at a value of $100 million. In January 2021, the company brought in finance veteran Kelly Kennedy as CFO.

Finance 279