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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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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. Oliver has been with Chico’s since 2012 and served in multiple roles, including VP – Finance and Controller and Interim CFO and SVP – Controller.

Finance 213
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Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO

Retail TouchPoints

PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million , extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors. portfolio of 150+ retail centers.

Finance 173
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2 Top Target Chiefs Announce Retirement Plans

Retail TouchPoints

Two of Target ’s top executives — COO John Mulligan and Chief External Engagement Officer Laysha Ward — have announced plans to retire. Mulligan’s replacement has not yet been named, but Target said it will share succession plans prior to his official retirement in February 2025. Mulligan joined Target in 1996 as a financial analyst.

Planning 144
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AWS Q&A: How Retailers can Prepare Ecommerce Operations for COVID-Driven Uncertainty

Retail TouchPoints

Consumers fear for their health and they fear for their finances, especially today with what is around 20 million. RTP: Retailers can usually plan around major spikes on days like Black Friday and Cyber Monday, but many retailers have already announced that they will instead favor longer-term promotions this year.

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. However, BNPL companies also offer “installment plans,” which are similar to credit card terms. This season, they plan to buy the same amount online, or more. BNPL Can Have an Effect on Consumers and Retailers.

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Is the subscription economy still relevant?

Inside Retail

According to Almadrones, offering customisable plans allows customers to adjust their subscriptions as their needs evolve while bundling complementary services adds value and encourages long-term commitment. times faster than companies in the S&P since 2012. In Asia Pacific, SEI businesses reported revenue growth of 14.6