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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

Nordstrom CFO Anne Bramman will step down from the role she has filled since 2017 on Dec. 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

Finance 278
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Dollar General to Pay $12 Million Penalty to Settle Workplace Safety Claims

Retail TouchPoints

This agreement commits Dollar General to making worker safety a priority by implementing significant and systematic changes in its operations to improve accountability and compliance, and it gives Dollar General employees essential input on ensuring their own health and safety,” said Douglas L.

Insiders

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Saks Parent HBC to Buy Neiman Marcus Group for $2.65 Billion, Including Investment from Amazon

Retail TouchPoints

Negotiations for a potential purchase of the luxury department store retailer stretch as far back as 2017. billion in term loan financing from funds and accounts managed by affiliates of Apollo, and a $2 billion revolving asset-based loan facility from lead underwriter Bank of America and other major financial institutions.

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How Cisco IT is solving multi-cloud management: a single pane of glass

Cisco Retail

Management of multi-cloud matures. While cloud offerings have matured and consumption continues to increase, one could argue that how we manage multiple private and public cloud services has lagged consumption and is just now beginning to mature. Evolving our multi-cloud management strategy. Multi-cloud strategy adoption.

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The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

The Guardian has quoted sources explaining that the money earned by the key overseas businesses during the peak trading period in November and December was paid into a global account, based in the UK – “a practice termed ‘cash pooling’”. Some 20 stores in New Zealand are also affected, managed by the Australian business.

Shopping 290
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Super Retail Group faces court action over alleged underpayments

Inside Retail

Between January 2017 and March 2019, it is alleged that employees were underpaid a total of approximately $1.14 The workers were responsible for store management, setting up stores, retail and administration. million for their work.

Outdoor 237
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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022. Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management.