Inside Retail

SEPTEMBER 21, 2021

In 2019, third-party sellers generated roughly 60 per cent of Amazon’s product sales, double the percentage they represented a decade ago, Marketplace Pulse found. It has already acquired several e-commerce businesses in Australia, where it plans to focus its efforts. The numbers behind the business model. Fours levers to grow revenue.

Planning 246

Planning Inventory Management Outdoor Management 246

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. We look forward to the partnership with REV and Ayon.”.

Finance 246

Finance Fulfillment Planning Store Operations 246

Retail TouchPoints

JANUARY 25, 2021

The retailer’s new owners plan to continue operating its corporate offices and will keep its management team and nearly all employees on board, according to The Wall Street Journal. 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.

Finance 264

Finance Accessories Location Planning 264

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 7, 2020

The company will continue operating during the process by utilizing a $25 million debtor-in-possession loan from Tiger Finance. The company will go forward with previously announced plans to close 140 stores and renegotiate a number of leases at other locations, which may result in further closings.

Finance 200

Finance Boutique Location Planning 200

Retail TouchPoints

SEPTEMBER 6, 2024

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. In 2019, LL Flooring agreed to pay $33 million in fines for misleading investors about levels of the chemical in its products.

Payment Services 262

Payment Services Finance Planning ATS 262

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. Square plans to announce additional details about the card in 2023. The new Square-specific Amex credit card, which will be powered by i2c Inc.

Merchant Services 278

Merchant Services Finance Advertising Marketing 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. 14 for one floor of a planned two-floor space. 1, 2023 $8.8

Payment Services 276

Payment Services Department Stores Checkout Finance 276

Retail TouchPoints

MARCH 15, 2021

for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020. Now Saadia Group is planning Lord & Taylor’s revival with a revamped website that initially will focus on women’s and men’s apparel, homewares and beauty, according to Women’s Wear Daily. “We

Returns 279

Returns Department Stores Apparel Finance 279

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 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

Retail TouchPoints

AUGUST 14, 2020

Rent the Runway’s decision to permanently exit brick-and-mortar retailing continues its plan to drive down expenses. In addition to driving consumers online, the pandemic has prompted consumers to rethink their spending patterns, with 79% planning to reduce their apparel budget in the coming year.

Apparel 247

Apparel Returns Finance Accessories 247

Inside Retail

OCTOBER 19, 2023

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. billion since 2019.

Boutique 246

Boutique Finance Planning Supermarket 246

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

Retail TouchPoints

APRIL 13, 2021

million in 2019 to $300.5 In January 2021, the company brought in finance veteran Kelly Kennedy as CFO. DTC will remain central to the company’s growth plans, which include strategies to increase ecommerce reach and international distribution. The Honest Co. In 2020, The Honest Co. saw revenue increase by 27.6% , from $235.6

Finance 279

Finance Consumer Location Planning 279

Retail Gazette

MAY 20, 2024

The debt-financing bill was 23% higher than the £593m incurred in 2022. In the wake of the sale, the supermarket abandoned a EV charging agreement it had signed in 2019 with Equans EV Solutions, which is owned by the French conglomerate, which gave it exclusive rights to install chargers at 273 of its forecourts.

Planning 119

Planning Payment Services Supermarket Grocer 119

Retail Gazette

JANUARY 20, 2025

Mulberry group finance director Charles Anderson is set to step down from his role, after joining the luxury retailer in 2019. Anderson said: “I would like to thank the board and my colleagues for their support in my time as group finance director. The luxury handbag specialist’s losses swelled to 15.7m

Finance 69

Finance Planning Fashion 69

Retail TouchPoints

JANUARY 14, 2021

KeHE joined SmartWay in 2019 and relies on its tools and approaches to track and reduce emissions and fuel usage. This year we’ve also enhanced our demand planning capabilities through Manhattan’s DFIO software. The system assists in spoils mitigation, reducing our waste.

Supply Chain Management 256

Supply Chain Management Finance Employee Engagement Management 256

Retail TouchPoints

DECEMBER 28, 2021

Between March 2019 and June 2020, adoption of touchless payments , which includes contactless cards, mobile wallets and QR codes, increased 150%. Separately, the 2020 Small Business Credit survey, fielded in Q3 and Q4 of 2020, showed bank financing varies significantly based on owner race and ethnicity. This includes approximately 5.2

Payment Services 279

Payment Services Finance Marketing Promotions 279

Inside Retail

MAY 14, 2024

Sustainability was embedded in every part of the brand’s Phoenix growth strategy, from financing to the entire supply chain. “We Focusing on that, we launched into this big plan to transition to exclusively using recycled silver and gold,” Twomey-Madsen said. We felt we had to do something quite radical.

Finance 278

Finance Marketing Accounting Management 278

Inside Retail

SEPTEMBER 19, 2022

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. It is targeting 30 per cent annual sales growth by 2025. Since then, the brand has opened 10 more.

Fashion 130

Fashion Planning Marketing Management 130

Retail TouchPoints

JANUARY 8, 2021

in 2019, 79.7% Although the fundamentals behind beginning a lifestyle business and a standard business are different, it’s important to note whether you’re chasing freedom or finance , both requirehard work. Step 1: Creating a plan for a solid foundation. Out of the 30.7 million small businesses in the U.S.

Clienteling 288

Clienteling Finance Planning Marketing 288

Retail TouchPoints

DECEMBER 7, 2020

Overall, the four days from Thanksgiving through Sunday were down -49% compared to 2019. Black Friday, on the other hand, hurt — with only half as much traffic as in 2019. including as the Director of Corporate Store Operations and Finance. We saw steady improvement over the weekend as Saturday (Nov. 28) and Sunday (Nov.

Drop-Shipping 243

Drop-Shipping Shipping Store Operations Shopping 243

Inside Retail

APRIL 13, 2022

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. Questions were raised about the company’s finances during the due diligence process. .

Accounting 130

Accounting Finance Fashion Planning 130

Retail TouchPoints

DECEMBER 13, 2021

In fact, Cornerstone Advisors found that Gen Z consumers using BNPL grew from 6% in 2019 to 36% in 2021, and millennials’ use of BNPL is up to 41%. BNPL is a financing option that makes sense from a consumer perspective. However, BNPL companies also offer “installment plans,” which are similar to credit card terms.

Payment Services 264

Payment Services Consumer Returns Management 264

Inside Retail

JANUARY 19, 2022

The brand had big plans to turn itself around pre-pandemic only to be shot down by the ever-increasing financial distress and store closures due to Covid. Kevin Walsh, director of finance, expressed that some commercial landlords were ‘reasonable’ and willing to negotiate to make things workout in 2020 and last year. .

Finance 130

Finance Apparel Fashion Planning 130

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. Retailers Need to Anticipate Fraud Schemes. COVID-19 has caused consumer behavior similar to that of the holiday shopping season.

Payment Services 147

Payment Services Planning Accounting Loss Prevention 147

Inside Retail

FEBRUARY 19, 2023

Inside Retail was the first to report earlier this month that Wesfarmers has cut 100 jobs at Catch , with the redundancies impacting key departments including marketing, product and technology, and finance. Catch had around 450 employees when Wesfarmers acquired it in 2019, including around 200 head office staff.

Management 246

Management Finance Planning Accounting 246

Retail TouchPoints

NOVEMBER 4, 2021

The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Shortages and Sticker Shock Heighten Holiday Stress. Stressed Consumers Spread Out Spending with BNPL.

Consumer 264

Consumer Merchant Services Payment Services Drop-Shipping 264

Retail TouchPoints

SEPTEMBER 2, 2022

Inflation has tightened margins and supply chain issues have caused havoc with inventory planning. Ecommerce returns rates are on the rise, growing by 95% between 2014 and 2019. One of which, revenue-based financing business Wayflyer, achieved unicorn status in just over two years. Preventing, Reducing and Managing Returns.

Shipping 264

Shipping Fulfillment Returns Management 264

Inside Retail

JULY 14, 2024

In the same month, Zomato announced its plans to invest an additional US$53 million in Blinkit, further solidifying its commitment to the quick-commerce segment. In its most recent private financing round, in early 2022, Swiggy was valued at $15.8 The company is expected to raise about $1.85 billion through its Initial Public Offering.

Finance 130

Finance Fulfillment Planning Marketing 130

Inside Retail

JULY 14, 2024

However, there are some factors that retailers have to keep in mind to ensure they aren’t placing energy or finances where it is not best applicable. Hiring the right people at the right time Another major issue retailers often encounter in preparing for the holiday season is poor planning of the number of employees needed per location.

Shopping 130

Shopping Fulfillment Shipping Inventory Management 130

Retail Gazette

AUGUST 4, 2023

Part of the plans could see it close 38 stores. This is on top of the 156 shops it closed back in December 2019 as part of a pre-pack administration , when its previous owner, the Weiss family that owns US giant American Greetings, snapped it back up.

Finance 98

Finance Planning Shopping ATS 98

Retail Gazette

JULY 26, 2023

The retailer drafted advisors from Interpath last last month to start preparing emergency restructuring plans after it terminated a formal sale process of its Hotter Shoes brand. Earlier this month Unbound revealed it was at risk of collapse as it sought to secure up to £2m in emergency funding from shareholders.

Finance 98

Finance Fashion Planning Management 98

Retail Gazette

MAY 21, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The update comes after the mutual became the first UK retailer to adopt a sustainability-linked financing facility in 2019, with the new targets building on this commitment.

Finance 100

Finance Planning Management Supermarket 100

Rangeme

OCTOBER 8, 2024

Having to cash flow a production run for up to 60-90 days, then waiting another 60-90 days to be paid by a retailer is grueling, and most growing brands don’t have a plan in place to manage this situation. The post Finding the Right Financing for Your First Big Purchase Order appeared first on The RangeMe Blog. What’s next?

Finance 52

Finance Payment Services Customer Retention Fulfillment 52

Inside Retail

FEBRUARY 4, 2024

The originally Finnish company was acquired back in 2019 by a consortium led by Chinese sportswear giant Anta and has since doubled the size of its business. Investors cautious about growing pains Amer Sports’ stock market debut signals that it has no plans of slowing down and is in fact looking to accelerate its growth.

Sporting Goods 130

Sporting Goods Outdoor Fashion Wholesale 130