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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.

Planning 144
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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 328
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Lumber Liquidators to Liquidate After Failing to Find Buyer

Retail TouchPoints

The company announced plans to close 94 of its 300 stores immediately but had hoped to find a buyer for the remainder of the business. LL Flooring , previously known as Lumber Liquidators , will close all its stores and has begun liquidation sales after failing to find a buyer for the business.

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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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Zilingo CEO suspended amid financial probe

Inside Retail

B2B fashion e-commerce firm Zilingo has suspended its CEO, Ankiti Bose, after the company’s capital-raising plan led to questions about its accounting practices, according to Bloomberg. Bose, who founded Zilingo in 2015 with Dhruv Kapoor, has been suspended until May 5.

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How Sephora Turned Order Fulfillment into a Loyalty-Builder

Retail TouchPoints

Although her Wall Street background gave her a clear advantage in finance, her time working under Mary Beth Laughton — Sephora’s VP of Ecommerce at the time — unlocked new career possibilities. The retailer even ran a flash shipping program as early as 2015. It’s appropriate that the word “convenience” is part of her title. “I

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Walmart CFO Biggs to Step Down

Mass Relators

Biggs, who plans to begin a new chapter of his career involving opportunities in the for-profit and non-profit sectors, will remain in the CFO role until a successor is named next year and then support that transition, staying on as an associate until he leaves the company on January 31, 2023. Brett Biggs. and Sam’s Club.

Finance 104