Retail TouchPoints

MARCH 29, 2021

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets. billion , accounting for 35% of gross sales, according to Forbes.

Sporting Goods 314

Sporting Goods Wholesale Specialty Retailers Accounting 314

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 214

Payment Services Shopping Planning Fulfillment 214

Retail TouchPoints

MARCH 28, 2022

MINISO is taking their preferences into account and offering products in more diverse forms and categories to cater to their needs.” Liu oversees the MINISO business, including product marketing, PR, user operations and global ecommerce, so he shared some exclusive insights into the company’s expansion plans and priorities.

Planning 212

Planning Consumer Marketing Accounting 212

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 285

Shopping Shipping Consumer Planning 285

Retail TouchPoints

MARCH 11, 2021

The company plans to gain market share and increase currency-neutral sales by an average of 8% to 10% annually between 2021 and 2025, through an aggressive expansion of Adidas’s already booming DTC business, including ecommerce; digitalization of its operations and stores; an expanded membership program; and an increased focus on sustainability.

Planning 188

Planning Wholesale Sporting Goods Accounting 188

Retail TouchPoints

NOVEMBER 18, 2022

million people plan to shop between Thanksgiving Day and Cyber Monday in 2022, representing 69% of all holiday shoppers, according to a survey conducted by the National Retail Federation (NRF) and Prosper Analytics. This would be nearly 8 million more people than in 2021 and the highest estimate since NRF began tracking the data in 2017.

Shopping 245

Shopping Department Stores Planning Accounting 245

Retail TouchPoints

JULY 8, 2022

GameStop has named Diana Saadeh-Jajeh, the retailer’s Chief Accounting Officer, as CFO, effective immediately. After making more than 600 corporate hires in 2021 and the first half of 2022, we have a stronger understanding of our transformation needs,” said Matt Furlong, CEO of GameStop in the memo. year-over-year to $483.7

Accounting 255

Accounting Accessories Planning Marketing 255

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

MARCH 26, 2021

The move, which will include products sold both in-store and online, is part of an effort to rebuild JCPenney in 2021 as the basis for returning to solid growth in 2022. Other parts of JCPenney’s turnaround plan include putting a greater emphasis on private label in the apparel and home categories and scaling back contracts with vendors.

Apparel 282

Apparel Accounting Returns Planning 282

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. Mattress Firm first announced in September 2021 that it had confidentially filed to go public. 28, 2021, Mattress Firm reported that net revenues rose 34.9%

Specialty Retailers 252

Specialty Retailers Accounting Location Returns 252

Retail TouchPoints

MARCH 5, 2021

Bed Bath & Beyond will launch at least eight new owned brands in fiscal 2021, with six debuting sequentially in the first six months of the fiscal year, which begins March 2021. Bed Bath & Beyond expects the sales penetration of owned brands to grow from approximately 10% to approximately 30% within the first three years.

Accounting 226

Accounting Planning Marketing Shopping 226

Retail TouchPoints

MAY 18, 2021

Bed Bath & Beyond has named John Barresi as SVP of Finance and Chief Accounting Officer, as the retailer continues to bolster its leadership team as part of its three-year transformation strategy. Barresi will join Bed Bath & Beyond on June 7, 2021, reporting directly to EVP and CFO Gustavo Arnal.

Finance 188

Finance Accounting Planning Promotions 188

Retail TouchPoints

OCTOBER 5, 2020

Fast-fashion retailer H& M announced plans to close approximately 250 stores next year as it seeks to step up the pace of its transformation via digital investments, store portfolio optimization and increasingly integrated channels. H&M has not yet identified which stores will be shuttered.

Fast Fashion 179

Fast Fashion Fashion Accounting Location 179

Retail TouchPoints

JUNE 9, 2023

According to Cooler Screens’ account, all was going well in the initial years of the arrangement, which included a successful three -month pilot in 2018 at six locations, followed by plans to expand to 2,500 stores. Lipsman is a major proponent of in-store retail media and also worked briefly at Cooler Screens in 2021.

Advertising 290

Advertising Planning Accounting Customer Experience 290

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 293

Payment Services Planning Accounting Marketing 293

Retail TouchPoints

DECEMBER 23, 2020

In 2021, businesses in the United States will face new VAT rules for selling to final consumers in Europe. 1, 2021 to July 1, 2021 due to the coronavirus pandemic, but U.S. Businesses will need to rework their enterprise resource planning (ERP) platforms and tax technology to remain compliant.

Payment Services 151

Payment Services Telecommunications Accounting Planning 151

Retail TouchPoints

JANUARY 19, 2023

PROVEN and Sephora have collaborated in the past and have been planning this partnership since August 2021. With its cutting-edge technology and scientific expertise, PROVEN offers custom skincare routines that account for several individual factors – like lifestyle and genetic background – to deliver efficacious results.”

Accounting 257

Accounting Planning ATS 257

Retail TouchPoints

NOVEMBER 30, 2022

million shoppers went shopping for great deals, compared to 179 million in 2021 and 30 million more than the projected turnout of 166.3 Nearly all ( 97% ) of Thanksgiving Weekend shoppers were making holiday-related purchases and they spent an average of $325 each, 8% more than the approximately $300 average spend in 2021.

Accounting 226

Accounting Promotions Outdoor Finance 226

Retail TouchPoints

JANUARY 21, 2021

The six-day NRF 2021 Chapter One , which will wrap up on Jan. Chapter Two of the Big Show had originally been planned as an in-person event to take place in early June at New York City’s Javits Center, but the facility’s role as a COVID vaccination center made it unavailable, so it will also be a virtual event.

Beauty and Health 203

Beauty and Health Customer Experience Marketing Consumer 203

Retail TouchPoints

FEBRUARY 8, 2022

Peloton continues to deal with challenges including two unfortunate media portrayals and mid-2021 product recalls following reports of 70 injuries and one death. This includes reducing its planned capital expenditures in 2022 by approximately $150 million. The retailer has revised its 2022 revenue projections down to a range of $3.7

Operating Expenses 241

Operating Expenses Accounting Planning ATS 241

Retail TouchPoints

OCTOBER 26, 2022

Amazon shoppers will be able to add their Venmo account as a payment method for their Amazon account and even set it up as their default payment option. The integration has been almost a year in the making, with Amazon and Venmo parent company PayPal first announcing their plans in November 2021. “We

Payment Services 208

Payment Services Accounting Checkout Management 208

Retail TouchPoints

MARCH 17, 2022

Retail veterans Hull and Sachse had joined the company’s Board of Directors and stepped into the interim Co-CEO roles in March 2021 upon the departure of then-CEO Dinesh Lathi. 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 225

Fashion Accounting Promotions Planning 225

Retail TouchPoints

JUNE 10, 2024

Now the company plans to streamline that process with the chainwide rollout of digital shelf labels (DSLs) from Vusion Group that will allow the retailer to update shelf prices using a mobile app, thereby reducing the need to change paper tags by hand.

Shopping 278

Shopping Fulfillment Accounting 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 271

Shipping Consumer Accounting Apparel 271

Retail TouchPoints

FEBRUARY 23, 2021

31, 2021 was $160 million , putting the company back in the black but still down significantly from the $340 million generated in the same quarter the previous year. 22 Macy’s announced plans to close 45 stores by mid-2021, according to CNBC , part of a previously announced plan to close 125 locations by 2023.

Department Stores 209

Department Stores Returns Jewelry Apparel 209

Retail TouchPoints

MAY 27, 2022

Apple is reportedly planning to boost starting pay for U.S. more on worker costs in the first three months of this year compared to the first three months of 2021, according to data from the Labor Department. store associates to $22 per hour, and even higher in certain markets, according to The Wall Street Journal.

Accounting 265

Accounting Location Marketing Planning 265

Retail TouchPoints

NOVEMBER 5, 2021

With port delays, extended delivery times and increased consumer demand, what can retailers do to salvage the 2021 holiday season? It’s easy to set up a business account and start taking advantage of the advertising tools available on popular social media platforms. Can I do this for Holiday Season 2021? Absolutely!

Marketing 280

Marketing Advertising Consumer Shipping 280

Retail TouchPoints

MAY 9, 2022

The partnership establishes Foot Locker as adidas’ lead partner in the basketball category and aims to drive more than $2 billion in retail sales by 2025, nearly triple the partnership’s revenue from 2021. Foot Locker’s diversification plan also calls for reducing the maximum spend for a single supplier to cap out at 55% by Q4 2022.

Apparel 244

Apparel Marketing Spend Accounting Consumer 244

Retail TouchPoints

JUNE 2, 2022

Foot Locker first hinted at plans for a C-suite role focused on innovation and development strategy in November 2021 when it promoted Franklin Bracken to become the company’s first-ever COO.

Wholesale 199

Wholesale Accounting Promotions Planning 199

Retail TouchPoints

JULY 26, 2022

In fact, Salesforce has already predicted that the modest growth of the 2021 holiday shopping season could foreshadow this year , with Q1 data showing a 3% YoY decrease in global digital sales. and shoppers placed 12% fewer orders worldwide compared to the same period in 2021. plan to start buying gifts earlier – the No.

Drop-Shipping 269

Drop-Shipping Fulfillment Consumer Shipping 269

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 28, 2024

Mobile-first consumers: With 91% of shoppers using a smartphone to make purchases, mobile commerce sales are expected to account for 62% of all retail sales by 2027. These payment methods simplify transactions by allowing consumers to store multiple cards or bank accounts in a single digital wallet, reducing the need for manual entry.

Payment Services 260

Payment Services Merchant Services Shopping Checkout 260

Retail TouchPoints

AUGUST 3, 2022

The digital innovation fund was first announced at the retailer’s Investor Day event in October 2021, and since then the fund has already made a number of investments in start-ups including Haut.ai , Adeptmind , Revea , LUUM and ReStyle.

Social Commerce 259

Social Commerce Accounting Marketing Planning 259

Inside Retail

APRIL 22, 2021

According to the latest data from Australia Post, more than four in five households shopped online in early 2021 – an all-time high that’s been rising steadily since the global pandemic first sent people to online channels in record numbers. In the US, for example, eMarketer reports that D2C sales now account for 33% of Nike’s revenue. .

Fulfillment 299

Fulfillment Beauty and Health Advertising Accounting 299

Retail TouchPoints

JULY 14, 2023

billion in 2021, according to a survey by the National Retail Federation (NRF) and Prosper Insights & Analytics. billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). Families with children in elementary through high school plan to spend an average of $890.07

Discount Store 205

Discount Store Department Stores Planning Accessories 205

Retail TouchPoints

AUGUST 29, 2023

Students, faculty and staff scan a QR code to enter the store, pick their items and leave, with the payment deducted from their student meal plan or other stored payment methods. Using the Amazon “Just Walk Out” technology, Grubhub Campus has introduced cashierless checkout at convenience stores at Loyola University Maryland.

Checkout 184

Checkout Payment Services ATS Accounting 184

Retail Focus

SEPTEMBER 3, 2021

Are you planning to be a same-day delivery service, with drivers transporting important and time-sensitive documents and items around the country? Planning Stages. Creating a business plan is an essential step for every successful business , so try to make it extensive, covering all of your bases. Do Your Research.

Planning 130

Planning Accounting Management ATS 130