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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

Dollar General has promoted John Garratt to President and CFO, effective September 1, 2022. 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. From 2004 to 2014 he served at Yum!

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Tapestry Hires VF Corp. Veteran as New CFO

Retail TouchPoints

Additionally, VP of Investor Relations Christina Colone has been promoted to Global Head of Investor Relations. 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.

Finance 252
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Adobe: Consumers Will Spend More Online in First 10 Months of 2021 than All of 2019

Retail TouchPoints

As a historical benchmark, from 2015 to 2019, online prices fell 3.9% Ecommerce accounts for roughly $1 of every $5 spent by consumers (up from $1 of every $6 spent in 2017). In the 18 categories tracked by the Adobe Index, all but one (books) saw higher prices in August 2021 when compared to a pre-pandemic period (2015-2019 average).

Consumer 207
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“Bang” Goes the Gavel: Ownership of Social Media Accounts

Hunton Andrews Kurth

In granting a summary judgment motion on June 16, 2023, the Southern District of Florida Bankruptcy Court developed a new framework to determine the ownership rights to a corporate social media account. Vital has since been attempting to sell their business, which includes over 50 social media accounts. Control Over Access.

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Chinese retailer Miniso to ditch Japanese styling after backlash

Inside Retail

China’s Miniso Group has apologised for promoting itself as a Japanese-style brand and said it would make changes across its stores to rectify this, becoming the latest retailer to respond to a surge in patriotism among Chinese shoppers.

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What Brands Can Learn From D2C Trendsetters

Retail TouchPoints

One example of this is Nike, which amplified its 165 million social media followers to grow its D2C commerce revenue, accounting for 33.1% Therefore, it’s key that brands apply learnings from D2C brands to their overall strategies. of its total revenue in 2020. Enhanced In-Store Experiences.

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Loyalty Is The Key To Survival For Retail

Retail TouchPoints

It’s been estimated that there are 48 trillion reward points worth $360 billion sleeping in customer accounts across the globe. In 2015, he founded Verdes with Brennan McGrath, one of his childhood best friends, and Phil Graham, whom he met while at Mother New York, an early-stage investor in Verdes. As the U.S. Quid pro quo.