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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. Nordstrom has appointed Cathy R. Smith as its new CFO, effective May 29, 2023. Most recently, she was Chief Administrative Officer and CFO at Bright Health Group.

Finance 340
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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

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What’s next for Aussie retailers? IPO outlook and the rise of private capital

Inside Retail

The recent uncertainty won’t help reverse this trend, Andy Hough, corporate finance partner at Pitcher Partners Sydney, told Inside Retail. With a few notable exceptions (e.g., GYG , Chemist Warehouse), the IPO market has been relatively depressed in Australia for the last two to three years.

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Cash Converters to acquire its New Zealand master franchisor

Inside Retail

The personal finance company and secondhand retailer commenced operations in New Zealand in 1993 and operates 22 stores of which 11 are franchised and 11 are owned and operated by the master franchisor. Cash Converters International is set to acquire the Cash Converters New Zealand master franchisor for $15.5

Finance 246
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Ron Johnson’s Enjoy Technology Files for Bankruptcy, Set to be Sold

Retail TouchPoints

million bridge loan and a financing commitment of $55 million from tech services company A s urion. Johnson co-founded Enjoy in 2014 after leaving JCPenney and currently serves as its CEO. To fund its operations throughout the Chapter 11 proceedings, Enjoy has received a $2.5

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The Iconic COO to take helm of Flybuys

Inside Retail

Having worked at The Iconic, one of ANZ’s leading online fashion and lifestyle retailers, since 2014 as CFO, Acting CEO and currently COO, Lee oversees teams across different sectors, including finance, supply chain, operations and technology change programs.

Finance 246
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Citing ‘Market Instability,’ Walgreens Decides Not to Sell UK Retailer Boots

Retail TouchPoints

Despite “productive discussions” with a range of parties and “significant interest from prospective buyers,” WBA said current market instability was impacting the availability of financing, and as a result “no third party has been able to make an offer that adequately reflects the high potential value of Boots and No7 Beauty Company.”.

Marketing 278