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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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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 308
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How Burberry’s new leadership duo can reignite the luxury brand’s spark

Inside Retail

Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278
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How H&M, Nike and Kering are taking action on climate change

Inside Retail

When you take into account each country, and the way they do farming, they could be different. We want to hold ourselves accountable with what we do,” Lee said. The younger generation are now challenging brands and saying, ‘What are your sustainability plans? Lee said. . So it’s quite a complex calculation to do. Kering Group.

Apparel 246
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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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From moto to marathons: What’s next for performance apparel brand Sa1nt

Inside Retail

Here, Clarke reflects on how the SA1NT business has evolved since 2015, and the opportunities that are present in the recovery space. He also discusses his plans for the SA1NT Layers brand, and what growth will look like moving forward. Are there plans for stand-alone stores, a wholesale presence and so on?

Apparel 264
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Report: Amazon Considering Peloton Acquisition as Fitness Company Seeks Profitability

Retail TouchPoints

He also was CFO of Spotify from 2015 to January 2020 and has served on the boards of companies including Pandora and Rent the Runway. This includes reducing its planned capital expenditures in 2022 by approximately $150 million. One element of the strategy will be seeking more extensive partnerships with outside companies.