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Under Armour Settles Accounting Practices Suit for $434 Million

Retail TouchPoints

16, 2015 and Nov. Under Armour revealed in November 2019 that it had been the subject of a federal investigation into its accounting practices since 2017, with the Wall Street Journal reporting at the time that both the Justice Department and the Securities and Exchange Commission were looking at the retailer’s financial reporting. “We

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A new leadership for Decathlon

Retail Focus

DECATHLON has also evolved its brand identity and renewed its customer experience for greater immersion, both in stores and in e-commerce, which now accounts for 20% of the Group’s revenue. Most recently, Javier headed DECATHLON Germany from 2012 to 2015, then served as CEO of DECATHLON Spain from 2015 to 2022.

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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

SVP and Chief Accounting Officer Michael Maher will step into the role on an interim basis while the company conducts an internal and external search for a permanent CFO. “As Bramman served as CFO and SVP of Carnival Cruise Line from 2010 to 2015 and Avery Dennison from 2015 to 2017.

Finance 278
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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. At Nordstrom, Smith will be responsible for financial planning and analysis, accounting, tax, internal audit, treasury, investor relations and strategy sourcing.

Finance 340
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From Gucci to Loewe: The high stakes game of creative musical chairs

Inside Retail

For Kering, after struggling to retain sales last year, the group was widely expected to appoint a leader who would reinvigorate Guccis momentum, especially as the brand accounted for nearly half of the groups revenue and two-thirds of operating profit. So, Kering turned to Demna, someone they know and trust.

Fashion 130
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Asda managers left in the dark over bonus cuts

Retail Gazette

One manager said that because bonuses are part of their overall wage packageoften accounting for thousands of poundsscrapping them effectively amounts to a pay cut. Then to find out through the media, without anything being said in-store, is an absolute joke.

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Tapestry Hires VF Corp. Veteran as New CFO

Retail TouchPoints

a position he has held since April 2015. for 25 years in positions including VP, Controller and Chief Accounting Officer; VP of Finance for the Jeanswear and Imagewear Coalitions; and CFO of the International Business. Additionally, VP of Investor Relations Christina Colone has been promoted to Global Head of Investor Relations.

Finance 264