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

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 321

Sporting Goods Wholesale Specialty Retailers Accounting 321

Retail TouchPoints

DECEMBER 6, 2024

The new store concept was unveiled at Carters first flagship in Atlanta this past October, with plans to expand the concept nationwide by 2026. Peterson: Our shifts in messaging reflect our understanding of what modern parents truly seek: authentic, honest accounts of parenting.

Visual Merchandising 289

Visual Merchandising Apparel Marketing Fashion 289

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 232

Planning Wholesale Sporting Goods Accounting 232

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

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 289

Shopping Department Stores Planning Accounting 289

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 207

Payment Services Telecommunications Accounting Planning 207

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 232

Finance Accounting Planning Promotions 232

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 305

Accounting Accessories Planning Marketing 305

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 214

Fast Fashion Fashion Accounting Location 214

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 310

Accounting Planning ATS 310

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 278

Specialty Retailers Accounting Location Returns 278

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 331

Advertising Planning Accounting Customer Experience 331

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 243

Accounting Planning Marketing Shopping 243

Retail TouchPoints

OCTOBER 18, 2023

Clarke joins AEO from PVH Corporation where she served as Global Chief Supply Chain Officer from 2021. She will have full accountability for AEO store operations across the U.S. and Canada, as well as brand finance and strategy and merchandise planning.

Finance 278

Finance Accounting Store Operations Planning 278

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 264

Accounting Promotions Outdoor Finance 264

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 260

Wholesale Accounting Promotions Planning 260

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 290

Apparel Accounting Returns Planning 290

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

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 242

Checkout Payment Services ATS Accounting 242

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 246

Payment Services Accounting Checkout Management 246

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 264

Fashion Accounting Promotions Planning 264

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

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. Athleta reported a 6%.

Returns 243

Returns Apparel Planning Accounting 243

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

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 users charged at least one late fee in 2021, up from 7.8% of individual loans in 2021 saw at least some portion of the order returned, up from 12.2%

Consumer 262

Consumer Payment Services Apparel Accounting 262

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 246

Discount Store Department Stores Planning Accessories 246

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 278

Apparel Marketing Spend Accounting Consumer 278

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 306

Drop-Shipping Fulfillment Consumer Shipping 306

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 298

Social Commerce Accounting Marketing Planning 298

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 290

Accounting Marketing Location Planning 290

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 306

Marketing Advertising Consumer Shipping 306

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 299

Shopping Fulfillment Accounting Planning 299

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

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

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 211

Department Stores Returns Jewelry Apparel 211

Retail TouchPoints

MARCH 22, 2023

Shoppers can pay with a palm swipe, as well as pull up rewards accounts and order histories. The litigation claims that the retailer failed to alert Amazon Go customers that they were being monitored by biometric tracking technology, including facial recognition, in violation of a 2021 law.

Merchant Services 269

Merchant Services Checkout Location Accounting 269