Inside Retail

APRIL 27, 2021

The development application is subject to approval from the NSW Department of Planning, and will support 440 jobs during its construction phase and a further 250 once operational. The post Woolworths unveils plans for 22,000 sqm online hub in Sydney appeared first on Inside Retail.

Planning 243

Planning Supermarket Fulfillment Accounting 243

Retail TouchPoints

JANUARY 29, 2021

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. per person spent in 2020. in 2020 to $10.77 Just over half ( 52% ) of U.S.

Specialty Store 306

Specialty Store Department Stores Discount Store Planning 306

Retail TouchPoints

MAY 12, 2023

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 340

Finance Accounting Planning ATS 340

Inside Retail

FEBRUARY 11, 2024

During her time at Lululemon, which spanned 13 years from 2012 to 2020, Shaughnessy led over 40 stores and oversaw the brand’s national wholesale and community presence in ANZ. Team development The LSKD team prides itself on actively creating a learning culture that encourages collaboration and accountability.

Planning 264

Planning Drop-Shipping Customer Experience Wholesale 264

Inside Retail

APRIL 28, 2021

Woolworths Group has pulled the plug on plans to open a Dan Murphy’s store in Darwin after an independent panel ruled that the development should not go ahead. The Gilbert Review has made it clear that we did not do enough in this community to live up to the best practice engagement to which we hold ourselves accountable.

Planning 234

Planning Supermarket Consumer Shopping 234

Retail TouchPoints

MARCH 26, 2021

Shashoua also is Chief Investment Officer at Simon , which acquired Forever 21 in partnership with Brookfield Property Partners and ABG in February 2020. Simon’s recent retail deals have often involved collaboration with ABG, including the acquisition of Lucky Brand in July 2020, which makes sharing some labels a natural fit.

Apparel 290

Apparel Accounting Returns Planning 290

Retail TouchPoints

DECEMBER 12, 2024

Examples in action: A streaming service partners with a travel booking platform to offer downloadable shows and movies tailored for travelers, enhancing the journey experience while creating a seamless connection between entertainment and travel planning.

Promotions 173

Promotions Customer Experience Consumer Accessories 173

Retail TouchPoints

OCTOBER 18, 2024

To enter, members just need to log into their Diamond account between now and Nov. David’s Bridal introduced the Diamond loyalty program in December 2020 and expanded it to younger shoppers with its Diamond Prom program in December 2022. The retailer launched its wedding planning platform Pearl by David’s in January 2023.

Finance 290

Finance Accessories Shipping Accounting 290

Inside Retail

MAY 25, 2021

The agreement is backed by a comprehensive accountability and monitoring framework and brands are required to do an annual assessment of their purchasing practices, which is then submitted to the secretariat. The global garment trade virtually collapsed in the first half of 2020 with Asia’s garment-producing countries hit the hardest.

Payment Services 219

Payment Services Planning Fashion Apparel 219

Retail TouchPoints

OCTOBER 18, 2023

Prior to that she was EVP of Supply, North America at PVH from 2020 to 2021, building on an extensive tenure across several supply chain leadership roles for key businesses within the PVH portfolio, including Calvin Klein North America and The Underwear Group from 2013 to 2020.

Finance 278

Finance Accounting Store Operations Planning 278

Retail TouchPoints

DECEMBER 9, 2020

Others involved in the wedding, from guests to bridesmaids, can add their own purchases to the bride’s account by using her phone number. “We We have spent significant time over the past year dreaming up ways to better serve our bride as she plans and prepares for her wedding,” said Jim Marcum, CEO of David’s Bridal in a statement.

Accounting 264

Accounting Planning Shopping ATS 264

Retail TouchPoints

OCTOBER 23, 2020

plans to shrink its store footprint by 350 locations as the retailer works to return to profitable growth in 2021, according to CNBC. Longer-term, the company plans to reconfigure its operations so that 80% of revenue comes from ecommerce and off-mall locations by January 2024. Additionally, the retailer plans to close up to 30%.

Returns 243

Returns Apparel Planning Accounting 243

Inside Retail

JANUARY 13, 2025

The brand has no plans to stop there. With consumers stuck inside during the early stages of the Covid-19 pandemic, Farm Rio noticed exponential growth in e-commerce in 2020 that not only stabilised the business but helped it thrive during this difficult time.

Fashion 130

Fashion Apparel Planning Accessories 130

Retail TouchPoints

APRIL 12, 2021

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. On the conference call, CEO Daniel Zhang said the company had proactively ended those arrangements when the SAMR investigation began in December 2020.

Accounting 264

Accounting Promotions Marketing Planning 264

Inside Retail

APRIL 6, 2021

Businesses continued to experience a rush of online orders during 2020 as employees worked from home [and] as this trend continues into 2021 it’s important to have a solution,” said Pitney Bowes Japan, Australia and New Zealand country manager and vice president Stephen Darracott.

Shipping 259

Shipping Accounting Planning Management 259

Retail TouchPoints

NOVEMBER 29, 2021

That growth has already begun, with ecommerce gift cards accounting for 29.8% during the same period in 2020, according to a new report from InMarket. In fact, Adobe reports that over this Thanksgiving weekend, Nov. 27-28, online spending on gifts cards was up 414% from the September 2021 average.

Shopping 312

Shopping Shipping Consumer Planning 312

Inside Retail

JULY 13, 2021

Woolworths has announced plans for a new online fulfilment centre in Sydney’s Sutherland Shire, aiming to better serve the region spanning from Engadine to Kurnell – adding a further 15,000 potential customers to its home delivery and direct-to-boot pick up offers. An artist’s render of the site. Source: Supplied.

Fulfillment 246

Fulfillment Supermarket Accounting Planning 246

Inside Retail

APRIL 22, 2021

billion online in 2020, and many sellers experienced substantial growth in key categories, such as home goods, health and beauty. In the US, for example, eMarketer reports that D2C sales now account for 33% of Nike’s revenue. . Australians spent an unprecedented $50.46 Fulfilment of the future. And now’s the time to get ahead.

Fulfillment 299

Fulfillment Beauty and Health Advertising Accounting 299

Retail TouchPoints

MARCH 17, 2022

Bank and K&G Fashion Superstore , had emerged from Chapter 11 bankruptcy in late 2020 and received a $75 million cash infusion from its largest equity holder just prior to Lathi’s departure. We are confident Tailored Brands has the right plan — and the right team — in place and look forward to seeing the results they will deliver.”.

Fashion 264

Fashion Accounting Promotions Planning 264

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. Ulta launched Touchland in 1,300 stores in January 2020 — and its products sold out within two weeks.

Planning 278

Planning Accounting Wholesale Consumer 278

Retail TouchPoints

JULY 14, 2021

Apple plans to make Apple Pay Later available both in-store and online, a nod to the growing cross-channel popularity of BNPL services. They also can use the app to manage their payments, including the option to exit any payment plan by paying off the remainder of their balance. retailers since its launch in late 2014.

Payment Services 299

Payment Services Planning Accounting Marketing 299

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. Q3 2020 net sales for all channels climbed 25.3% We launched the service in April 2020, after our website’s traffic had doubled and app installations had risen by 2.5X year-on-year.

Payment Services 301

Payment Services Location Fulfillment Customer Experience 301

Retail TouchPoints

JUNE 30, 2021

While the pandemic had a chilling effect on apparel sales as a whole, the resale sector was blazing hot: it grew 29% in 2020 to capture $9 billion in U.S. Clark isn’t exaggerating: 33 million consumers bought secondhand apparel for the first time in 2020, according to the report. In 2020, 36.2 million. “You

Fast Fashion 264

Fast Fashion Fashion Apparel Thrift Store 264

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. “The Sales fell 44% to €3.3

Fulfillment 252

Fulfillment Shipping Accounting Planning 252

Retail TouchPoints

FEBRUARY 22, 2021

The mass store closures prompted by COVID-19 in spring 2020 could have spelled disaster for equestrian specialty brand Kerrits , which had operated as a wholesale-only business for over 25 years. Once the pandemic hit, our wholesalers had to close their stores, and we had to rethink our entire email plan,” said Florin.

Wholesale 264

Wholesale Marketing Accounting Outdoor 264

Retail TouchPoints

NOVEMBER 9, 2023

million, which is a 15% increase since 2020. In response, 51% of organizations plan to increase cybersecurity spending this year. Identity is the new perimeter: To protect your online store from potential attacks, ensure that no account is shared, multi-factor authentication is used and that all API keys have a lifecycle.

Accounting 305

Accounting Shopping Planning Management 305

Retail TouchPoints

SEPTEMBER 2, 2021

this year — a 35% increase over 2020 — according to Insider Intelligence. To address both of these realities, the brand turned to influencers to fuel its content creation engine and include more authentic content on digital channels and social accounts. billion in the U.S. It’s about telling a story but connecting it to commerce.”

Social Commerce 302

Social Commerce Accounting Marketing Planning 302

Retail TouchPoints

SEPTEMBER 21, 2020

Together, these retailers discussed the state of retail through COVID-19 and offered first-hand accounts of how retailers adapted their businesses. According to the panelists, COVID-19 has had a positive impact for some businesses, accelerating expansions that were already planned or encouraging a diversified income stream.

Accounting 278

Accounting Wholesale Fulfillment Planning 278

Retail TouchPoints

OCTOBER 28, 2021

For example, online apparel reseller ThredUP recently announced plans for a new 600,000-square-foot distribution center in Texas that will expand its capacity by 150% to meet growing demand on the part of both sellers and buyers of used goods. Collectively, that would account for approximately $69.2 billion spent last year.

Shipping 279

Shipping Consumer Accounting Apparel 279

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% in 2020; A total of 13.7% in 2020; and Lenders’ profit margins fell to just over 1% of the amount of the loan in 2021, down from nearly 1.3%

Consumer 262

Consumer Payment Services Apparel Accounting 262

Retail TouchPoints

FEBRUARY 23, 2021

Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. The Polaris strategy proved to be a critical enabler of our performance in 2020, allowing us to adapt and innovate with agility during the pandemic,” said Gennette.

Department Stores 211

Department Stores Returns Jewelry Apparel 211

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 TouchPoints

AUGUST 30, 2021

in Q2 2021 while its digital comparable sales grew 10% , building on the 195% growth achieved in 2020. 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.”. year-over-year and 5.8%

Consumer 328

Consumer Fulfillment Department Stores Sporting Goods 328

Cisco Retail

APRIL 22, 2021

I am excited to share with you that Cisco Secure Endpoint (formerly AMP for Endpoints) has successfully completed the 2020 MITRE Engenuity ATT&CK® Evaluation. This allows them to plan their defense so that they can augment their current capabilities by acquiring other products or implementing other processes to defend in-depth.

Accounting 118

Accounting Planning ATS 118

Retail TouchPoints

MAY 29, 2020

Q1 2020 financial results for Costco , Nordstrom and Abercrombie & Fitch encapsulate how three retail verticals — club, department and specialty apparel — are weathering the COVID-19 pandemic. Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Costco posted a 7.3%

Department Stores 191

Department Stores Operating Expenses Store Operations Fulfillment 191

Inside Retail

JUNE 30, 2021

According to Takashimaya, even before the global health crisis, businesses around the world were seeking to become more sustainable, but the pandemic moved them to act on those plans. per cent, from US$89 billion in 2020 to US$117.3 The global sustainable plastic packaging market is projected to grow by 5.6 The #ShopGreener campaign.

Department Stores 246

Department Stores Beauty and Health Accounting Promotions 246

Retail TouchPoints

JULY 12, 2022

Amazon has unveiled a new and improved version of its smart shopping cart — called the Dash Cart — and plans to roll out the carts at select Whole Foods Market stores for the first time. First deployed in 2020 , Dash Carts are already available at many Amazon Fresh stores across the U.S.

Payment Services 295

Payment Services Shopping Marketing Accounting 295