Retail TouchPoints

MARCH 5, 2021

The company is planning to open 100 new stores this year while at the same time relocating or closing 25 existing stores, bringing the net total of new stores in 2021 to 75. We feel good about the merchandising and operational plans that we have developed for this smaller prototype.

Planning 264

Planning Location Store Operations Accounting 264

Retail TouchPoints

JANUARY 11, 2023

Microsoft is gearing up to take a bigger piece of the growing retail media pie with the debut of a suite of new capabilities through its PromoteIQ marketing platform, which the company acquired in 2019. alone by 2024, accounting for 20% of total digital ad spend, according to Insider Intelligence.

Advertising 315

Advertising Planning ATS Marketing 315

Retail TouchPoints

MARCH 3, 2022

Target has big plans for 2022, with the retailer announcing plans to invest up to $5 billion this year to open new stores, enhance its digital, fulfillment and supply chain capabilities, and expand its shop-in-shop concept with Ulta Beauty. and New York’s Times Square.

Payment Services 246

Payment Services Shopping Planning Fulfillment 246

Inside Retail

SEPTEMBER 20, 2021

330 hectares will be planted with radiata pine this year, with 3000 hectares, accounting for more than 3 million seedlings, planted within the next five years. ” This new afforestation investment in New Zealand will see its first planned harvest to take place at the end of the first rotation, 30 years after planting.

Management 182

Management Planning Accounting ATS 182

Inside Retail

JUNE 13, 2022

Bain has been considering listing the Retail Zoo business since 2019, but the advent of Covid-19 saw those plans put on hold. Since then, sales have grown from $132 million in 2019 to $148 million last year, according to data from IbisWorld, with EBIT last year reaching $49 million. .

Accounting 246

Accounting Planning 246

Retail TouchPoints

JUNE 27, 2022

The Team Sales business has historically accounted for less than 1% of Foot Locker’s annual consolidated sales. Foot Locker plans to fully consolidate the Eastbay.com retail website to the Champs Sports banner, completing the integration of these two banners that began in 2019. “We

Sporting Goods 268

Sporting Goods Apparel Accounting Marketing 268

Inside Retail

FEBRUARY 5, 2023

With Adamantem, we plan to invest in further expansion of our global footprint, leverage customer insights and analytics to drive our customer proposition and establish market-leading ESG frameworks for the business,” said Alani. “Retail Zoo’s brands are well positioned through cycles as an ‘affordable indulgence’ offering.”

Accounting 279

Accounting Planning Marketing Management 279

Retail TouchPoints

NOVEMBER 29, 2021

The latest data from the Adobe Digital Economy Index revealed that out-of-stock messages rose a whopping 325% in October 2021 compared to the same month in pre-pandemic times (way back in 2019), and in the last month alone consumers have been hit with more than 2 billion out-of-stock messages online.

Shopping 312

Shopping Shipping Consumer Planning 312

Retail TouchPoints

JANUARY 10, 2022

The company said in a statement that it plans to list on the New York Stock Exchange under the symbol MRFM, the same ticker it used in its previous listing on the Nasdaq. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

Specialty Retailers 278

Specialty Retailers Accounting Location Returns 278

Retail TouchPoints

JULY 14, 2021

This builds on Apple and Goldman’s existing partnership on the Apple Card credit card, which has been backed by the investment bank since 2019. Apple plans to make Apple Pay Later available both in-store and online, a nod to the growing cross-channel popularity of BNPL services. retailers since its launch in late 2014.

Payment Services 299

Payment Services Planning Accounting Marketing 299

Retail TouchPoints

MAY 18, 2023

Touchland’s rapid growth has inspired founder and CEO Andrea Lisbona to invest in a robust enterprise resource planning (ERP) system that supports scalable, data-driven expansion. In 2019, Touchland closed deals with notable retail partners like Urban Outfitters , Bloomingdale’s and Neiman Marcus.

Planning 278

Planning Accounting Wholesale Consumer 278

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 Over the last five years as CEO, King has been enacting his ‘customer-first plan’ which has re-established Myer as Australia’s 8th most trusted brand, according to Roy Morgan. per cent, compared to the first half of the last financial year. The report revealed that online sales were $390.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Inside Retail

JANUARY 13, 2025

The brand has no plans to stop there. The brand opened its first US store in 2019 with a flagship at 113 Prince Street in Manhattans SoHo district, right before retailers and consumers lives changed drastically. People wanted to dress as they wanted to feel and people wanted to feel happy, he said.

Fashion 130

Fashion Apparel Planning Accessories 130

Retail TouchPoints

JULY 14, 2023

billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. per person, up from $1,199.43

Discount Store 246

Discount Store Department Stores Planning Accessories 246

Retail TouchPoints

JUNE 11, 2020

Most of the closures are expected to be smaller, non- Zara branded locations, and the retailer also plans to open 450 new stores fitted with the latest sales integration technology. The retailer expects online sales to account for 25% of its total by 2022, up from 14% in fiscal 2019.

Fulfillment 252

Fulfillment Shipping Accounting Planning 252

Inside Retail

NOVEMBER 20, 2022

The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025. Since 2019, the business has grown revenue by 300 per cent, with $4.3 Founded in 2012 by CEO Tim Dunn, Bushbuck is a hunting and outdoor brand that uses a direct-to-consumer business model.

Outdoor 245

Outdoor Accounting Planning Marketing 245

Inside Retail

NOVEMBER 19, 2024

Founded in 2019, Coolmate quickly became popular for its products and services catering to male customers and has consistently topped menswear’s e-commerce sales in major online marketplaces in Vietnam. “We We plan to experiment with a mix of retail models, including a shop-in-shop format and our branded stores,” Pham said.

Apparel 130

Apparel Fashion Marketing Accounting 130

Inside Retail

OCTOBER 13, 2021

As recently as 2019, over 70 per cent of the value of B2B sales in Australia occurred through trade credit. And with the functionality to record transactions ledger-to-ledger and integrate with your existing accounting and ERP systems, your business’s finances will be automatically updated every time a sale, refund or exchange is made. .

Payment Services 355

Payment Services Finance Customer Experience Wholesale 355

Retail TouchPoints

JANUARY 11, 2021

year-on-year through September 2020, boosting ecommerce’s share of its total sales from 33% in 2019 to 59% during this period. An electronic waste recycling program that M.Video launched in summer 2019 is now available in 450 stores, with plans to add another 200 locations in 2021. Q3 2020 net sales for all channels climbed 25.3%

Payment Services 301

Payment Services Location Fulfillment Customer Experience 301

Retail TouchPoints

JULY 30, 2020

Households with children in elementary and high school are set to spend an average of $789.49 , far exceeding the 2019 record of $696.70. There was a high degree of folks who were cautious about whether their kids were prepared for the next grade, so there may be a tendency to over-compensate and spend a little more than initially planned.

Merchant Services 316

Merchant Services Advertising Apparel Consumer 316

Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. Apparel and beauty companies accounted for 80.1% of BNPL transactions in 2019 but fell to 58.6% The CFPB also found that BNPL usage has expanded to a wider range of retailers. in 2020; A total of 13.7% in 2020.

Consumer 262

Consumer Payment Services Apparel Accounting 262

Retail Gazette

MARCH 20, 2025

Accounting firm FTS Recovery was taken on as administrator of the struggling fashion brand on 10 March. The brand floated on London’s junior AIM market back in 2019. The brand launched plans to cut jobs in December in efforts to battle against falling sales before its return to the London Stock Exchange.

Fast Fashion 71

Fast Fashion Fashion Accounting Returns 71

Inside Retail

NOVEMBER 16, 2022

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

Fashion Department Stores Planning Accounting 278

Retail TouchPoints

NOVEMBER 11, 2022

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans.

Specialty Store 238

Specialty Store Planning Accounting Returns 238

Retail TouchPoints

APRIL 12, 2021

The penalty amount was determined by applying a 4% rate to Alibaba’s 2019 domestic revenues. The total accounts for less than 20% of Alibaba Group’s free cash flow over the last 12 months, said the company’s Executive Vice Chairman Joe Tsai in a conference call April 12.

Accounting 264

Accounting Promotions Marketing Planning 264

Retail TouchPoints

AUGUST 30, 2021

I’m not an accountant, but stores are on the asset side of the balance sheet for a reason, and they need to be leveraged as much as possible to squeeze as much out of them as you can.”. compared to Q2 2019. Macy’s Q2 performance was another success story, with comparable sales up 61.2% year-over-year and 5.8%

Consumer 328

Consumer Fulfillment Department Stores Sporting Goods 328

Retail TouchPoints

APRIL 19, 2021

That’s 50 million more than in 2019 ; More than 1.9 million customer accounts.”. The economy in 2030 will need to be vastly different from what it is today, and Amazon plans to be at the heart of the change.”. In addition to discussing the recent failed unionization vote in Bessemer, Ala., million people around the world.

Fulfillment 299

Fulfillment Accounting Planning ATS 299

Retail TouchPoints

MAY 29, 2020

Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. of its locations and plans to have all stores operational again by the end of June.

Department Stores 191

Department Stores Operating Expenses Store Operations Apparel 191

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams.

Finance 264

Finance Payment Services Accounting Returns 264

Inside Retail

NOVEMBER 4, 2024

The sale of inventory properties (shophouses) that had anchored revenue growth in preceding quarters has now run dry, which accounts for the crash on the top- and bottom lines. This year, the situation has switched and now the two categories are both accounting for about 35 per cent of the transactions each.

Accounting 130

Accounting Fashion Accessories Consumer 130

Retail TouchPoints

MARCH 29, 2021

Rollup firms are typically able to buy these Amazon businesses at anywhere from 4X to 6X EBITDA, sometimes less, according to Thomson: “As long as you manage to keep the same efficiency that any one of those accounts had when they were a standalone, you can get a 15X to 25X valuation on your company. There is massive financial arbitrage here.

Fulfillment 344

Fulfillment Accounting Consumer Planning 344

Retail Gazette

MAY 20, 2024

Morrisons parent company Market Topco’s accounts revealed that the group posted a pre-tax loss of £1.1bn last year, having accumulated £735m in interest costs which were tied to external debt and inter-company loans. The debt-financing bill was 23% higher than the £593m incurred in 2022.

Planning 119

Planning Payment Services Supermarket Grocer 119

Retail TouchPoints

NOVEMBER 3, 2022

A recent survey from retail research firm NPD showed that the share of consumers’ planned shopping for the holidays ticked up this year for in-store versus online, in contrast to a long-term decline, and major retailers like Walmart and Party City just announced plans to direct the majority of their holiday hires to work on store floors.

Accounting 279

Accounting Returns Management ATS 279

Retail TouchPoints

OCTOBER 15, 2020

compared to June 2019, as consumers continued to take to the web to shop for items for their patios and gardens, outdoor recreation, work-from-home needs, arts and crafts and more. When they do, they create accounts and pass credit checks using stolen consumer information. Retailers Need to Anticipate Fraud Schemes.

Payment Services 147

Payment Services Planning Accounting Loss Prevention 147

Retail TouchPoints

MAY 30, 2022

According to Canada Post , 46% of shoppers made a return in 2020, compared to only 37% in 2019, which equates to nearly $430 billion worth of merchandise winding back into warehouses. A disconnect occurs in supply chain planning when products sit idly in the warehouse, creating a misconstrued illusion that inventory is low.

Returns 328

Returns Fashion Supply Chain Management Shopping 328

Retail TouchPoints

JUNE 30, 2021

Resale — the segment of the secondhand market that ThredUP defines as offerings with more curated assortments — is expected to account for more than half of that total, $47 billion , by 2025. Perhaps more important is the fact that of those first-time buyers, 76% said they plan to increase their spend on secondhand in the next five years.

Fast Fashion 264

Fast Fashion Fashion Apparel Thrift Store 264

Retail TouchPoints

JULY 9, 2020

China’s influence on the luxury market is significant, accounting for 35 % of luxury purchases worldwide, according to Willersdorf. Although the country was the first to go through lockdowns, its economy has recovered, “to the point where GDP growth is forecast to surpass the 2019 increase and continue to expand,” she explained.

Clienteling 311

Clienteling Consumer Accounting Boutique 311