Retail TouchPoints

JANUARY 10, 2024

She also served as President and CEO of Charlotte Russe from 2009 to 2019 and has served on the boards of companies including Kendra Scott, Levi Strauss & Co. Quanbeck, who joined Rothy’s in 2019, will expand her current roles as she takes the President title. and Kaiser Permanente.

Finance 264

Finance Promotions Management Consumer 264

Retail TouchPoints

OCTOBER 4, 2021

Finance indicated that just over half ( 51% ) of consumers planned to begin their holiday shopping before Halloween, with 27% saying they would start in late September. The elongation of the holiday shopping season, already a growing trend in 2019, got a big boost from the supply chain disruptions exacerbated by the COVID-19 pandemic.

Shopping 325

Shopping Finance Promotions Consumer 325

Retail TouchPoints

JUNE 7, 2022

The exclusive period was set to allow Franchise Group and its financing partners to finalize their due diligence and financing arrangements before the parties enter into a binding agreement. Franchise Group has offered to acquire the retailer for $60 per share , which would value the company at approximately $8 billion.

Home Furnishings 273

Home Furnishings Finance ATS Management 273

Retail TouchPoints

AUGUST 9, 2022

CFO Scott Roe, with 30 years of retail finance and operations experience under his belt, will take on the COO role in addition to his current responsibilities, effective immediately. Glaser will stay on until Oct. 1, 2022 to ensure a seamless transition.

Finance 278

Finance Accounting Management Consumer 278

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

APRIL 5, 2023

Buy Now, Pay Later ( BNPL ) solutions have exploded in popularity, with a staggering growth rate of 1000% since 2019. They also need to run credit checks and make financing terms, fees and interest rates completely transparent. And the merchant tends to absorb the cost of this transaction.

Merchant Services 295

Merchant Services Payment Services Finance Consumer 295

Retail TouchPoints

OCTOBER 19, 2023

The promoted executives include: Bob Walker, who joined David’s Bridal in 2019 as Chief Retail Officer, has been promoted to COO. The retailer, which filed for bankruptcy in April 2023, was purchased by CION Investment Corp. in July 2023. She will report to Marcum and brings more than two decades of marketing and ecommerce experience.

Inventory Management 263

Inventory Management Promotions Finance Store Operations 263

Retail TouchPoints

AUGUST 30, 2023

In a notice to employees, interim CEO Chris Moye cited weak sales and unexpected trouble securing financing as the reason for the closure. High-end furniture retailer Mitchell Gold + Bob Williams has abruptly shut down and laid off more than 500 employees in North Carolina, multiple sources report. according to the Taylorsville Times.

Finance 263

Finance ATS Marketing 263

Retail TouchPoints

JANUARY 18, 2024

Target has tapped Michael Fiddelke, who has served as the retailer’s CFO since November 2019, to add the COO role to his responsibilities. He will wear both hats until Target names a new finance chief. Current COO John Mulligan announced his retirement plans in October 2023.

Fulfillment 263

Fulfillment Finance Accessories Apparel 263

Retail TouchPoints

OCTOBER 28, 2020

Crevoiserat joined Tapestry as CFO in August 2019 from Abercrombie & Fitch , where she was EVP and COO from February 2017 to June 2019. Prior to joining Abercrombie & Fitch, she served in a number of senior management roles at Kohl’s , including EVP of Finance and EVP of Merchandise Planning and Allocation.

Finance 218

Finance Department Stores Accessories Planning 218

Retail TouchPoints

DECEMBER 22, 2022

Prior to her role as President, Linnartz, who joined Marriott in 1997, held roles in sales, marketing and finance, rising to EVP and Global Chief Commercial Officer from 2013 to 2019 and serving as Group President of Consumer Operations, Technology and Emerging Businesses from 2020 to 2021.

Finance 289

Finance Customer Experience Consumer Marketing 289

Retail TouchPoints

NOVEMBER 30, 2021

Maceiras, currently General Counsel and Secretary of the Board, will take over immediately as CEO, and current CEO Crespo, who has held the role since July 2019, will move into the position of COO, overseeing operations, sustainability efforts and the company’s digital transformation.

Fashion 296

Fashion Finance Management ATS 296

Retail TouchPoints

JANUARY 25, 2021

Francesca’s entered into a $110 million loan credit agreement with Tiger Finance in August 2019 to enable a turnaround without the need for bankruptcy. The accessories retailer has been experiencing financial difficulty for some time. 1, 2020.

Finance 264

Finance Accessories Location Planning 264

Retail TouchPoints

FEBRUARY 1, 2021

Social commerce company Replika Software has closed its Series A financing round with an undisclosed amount of funding from the investment arms of luxury house LVMH and beauty brand L’Oréal. Replika’s solution is designed to help brands activate their sales associates and brand ambassadors to sell more effectively online.

Social Commerce 304

Social Commerce Finance Fashion Shopping 304

Retail TouchPoints

DECEMBER 7, 2020

The company will continue operating during the process by utilizing a $25 million debtor-in-possession loan from Tiger Finance. Francesca’s has filed for Chapter 11 bankruptcy protection as the ailing retailer seeks a sale of both its brick-and-mortar locations and its ecommerce holdings.

Finance 200

Finance Boutique Location Planning 200

Retail TouchPoints

JUNE 22, 2022

Felton has worked for nearly 18 years in Amazon’s retail and operations finance leadership. In 2018, he was appointed VP of Global Customer Fulfillment, and in 2019 began leading the company’s newly organized global delivery services, including global import and export, Amazon Logistics and last mile delivery services.

Fulfillment 278

Fulfillment Finance Promotions Consumer 278

Retail TouchPoints

SEPTEMBER 6, 2024

Based on the bids received to date and considering the value of those bids as well as the lack of financing, it was determined that a sale of the company’s individual assets, holding closing sales at our stores and winding down the business, will deliver the most value to our creditors,” said Charles Tyson, CEO of LL Holdings in a statement.

Payment Services 262

Payment Services Finance Planning ATS 262

Retail TouchPoints

SEPTEMBER 12, 2022

The funding, along with $3 million in convertible debt financing from certain Tuesday Morning leaders including CEO Fred Hand, will help the troubled retailer implement an omnichannel turnaround plan. The deal will give Tuesday Morning access to REV’s fulfillment network, infrastructure, systems and technology and ecommerce capabilities.

Finance 246

Finance Fulfillment Planning Store Operations 246

Inside Retail

NOVEMBER 4, 2021

Company reports for ASX-listed BNPL providers outline that the value of BNPL transactions grew by 55 per cent in 2019-20 , and in the last two financial years, BNPL transactions have tripled. Shift the financial risk with third-party business finance. Buy now pay later (BNPL) services have quickly become commonplace for consumers.

Payment Services 246

Payment Services Consumer Finance Wholesale 246

Retail TouchPoints

NOVEMBER 6, 2023

Additionally, as part of the executive transition, CFO Adrianne Lee will take on responsibility for legal and HR functions in addition to overseeing the finance organization. Nielsen, who has served as Overstock.com’s President since 2019, joined the company in 2018 as Chief Sourcing and Operations Officer.

Home Furnishings 278

Home Furnishings Finance Consumer ATS 278

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall, which opened after a years-long delay in October 2019 , struggled (as many retailers and malls did) with COVID-19’s impact on in-person shopping. The American Dream mall and entertainment complex failed to make a Feb.

Payment Services 276

Payment Services Department Stores Checkout Finance 276

Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. The more than 3-million-square-foot shopping center has a troubled past, including more than a decade of construction before opening in October 2019, just months before COVID-19 forced it to shut down for an extended period.

Payment Services 263

Payment Services Finance Accounting Shopping 263

Retail TouchPoints

AUGUST 5, 2022

New Jersey mall and entertainment complex American Dream has failed to make an interest payment on municipal loans sold to help finance the $5 billion venture. The project has had a troubled history, including the short window between the late 2019 grand opening and COVID-19 forcing the mall to temporarily shut down.

Payment Services 272

Payment Services Finance Accounting Store Operations 272

Retail TouchPoints

NOVEMBER 16, 2022

It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business. The new Square-specific Amex credit card, which will be powered by i2c Inc. and issued by Celtic Bank, will be the first credit card Square offers to U.S.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

Retail TouchPoints

MARCH 15, 2021

for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020. Saadia added that he is putting together a team of at least 40 merchants, IT, operations and finance experts to lead the next chapter of the department store, and is actively on the hunt for a President.

Returns 279

Returns Department Stores Apparel Finance 279

Retail TouchPoints

NOVEMBER 3, 2021

Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. Seun Sodipo will take the CFO job in February 2022. She also will draw upon prior experience at roles in private equity firms to help the retailer continue scaling its business.

Finance 264

Finance Payment Services Accounting Returns 264

Retail TouchPoints

OCTOBER 29, 2021

Even in 2019, 90% of all retail purchases took place in physical stores. trillion at the end of 2019. He is passionate about fintech and insurance tech and studied Economics and Finance at Bentley University. Opportunities were seldom explored across the retail and shopping sphere, primarily due to the lack of a requirement.

Finance 258

Finance Point of Sale Checkout Shopping 258

Retail TouchPoints

NOVEMBER 3, 2023

seen from 2010 to 2019. “It Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” While the 2023 growth rate is lower than in recent years, when stimulus spending helped inflate retail sales, it’s in line with the average annual holiday increase of 3.6% for the Nov.

Finance 264

Finance Accounting Consumer Promotions 264

Inside Retail

FEBRUARY 2, 2023

Wesfarmers has laid off 100 staff in its e-commerce division Catch Group this week, with key departments impacted including marketing, product and technology, and finance. Catch Group was acquired by Wesfarmers in 2019 for $230 million.

Finance 263

Finance Shopping Marketing ATS 263

Retail TouchPoints

OCTOBER 1, 2024

In her new role as Chief Financial and Operating Officer, Hilson will oversee supply chain, Blue Nile and James Allen, along with her current oversight of Rocksbox, finance, strategy real estate and the company’s services business. Hilson has served as CFO of Signet since 2019. “We We are excited to welcome J.K.

Jewelry 264

Jewelry Finance Marketing ATS 264

Retail TouchPoints

FEBRUARY 12, 2021

Burris joined GNC in 2019 as Chief U.S. Lawrence also started in 2019, as SVP Finance and Chief Accounting Officer, and has been acting as interim CFO during the past several months. GNC has promoted Josh Burris from President to CEO of the health and wellness retailer, and has named Cam Lawrence as its new CFO.

Finance 182

Finance Promotions Accounting Customer Experience 182

Inside Retail

JULY 6, 2021

And it’s a powerful driver with ASX-listed BNPL providers processing about $10 billion worth of purchases in Australia and New Zealand, during 2019/20, according to the RBA. Late fees earned the Australian BNPL industry $43 million in 2019 alone, according to ASIC research.

Payment Services 246

Payment Services Finance Consumer Accounting 246

Inside Retail

MAY 9, 2021

First proposed in July 2019, the demerger is backed by Woolies’ board and leadership team, who believe it is likely to grow shareholder value in the long run. “It A shareholder vote to determine whether Woolworths Group is able to uncouple itself from hospitality business Endeavour Group is set to take place on Friday, 18th of June.

Finance 246

Finance Consumer Marketing ATS 246

Retail TouchPoints

JUNE 18, 2020

The 12-year veteran of Tommy Hilfiger has been overseeing operations, finance, digital business transformation, technology, business development and the company’s global sustainability program.

Finance 207

Finance Brand Management Management Consumer 207

Inside Retail

MAY 18, 2021

While clearly there are people struggling or worse off from the pandemic, more Australians feel better off, more financially secure and more in control of their finances,” said CBA executive manager of financial wellbeing Ben Grauer. Spending less, saving more and paying down debt have been the big stories from this past year.”.

Finance 219

Finance Management Consumer 219

Retail TouchPoints

SEPTEMBER 14, 2021

Kroger launched its own internal delivery service with 55,000 items in 2018, and expanded its collaboration with Instacart to include alcohol in 2019. Virtual c-store Gopuff has raised more than $2 billion in new financing in 2021 alone on a valuation of $15 billion as it seeks to dominate “instant needs” delivery.

Fulfillment 263

Fulfillment Grocer Checkout Finance 263

Retail TouchPoints

APRIL 24, 2023

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

Payment Services 278

Payment Services Finance Location Planning 278