Inside Retail

JUNE 20, 2021

More generally, many consumers took a cautious approach to their finances amid the pandemic. Understanding the consumer of 2021. The post Understanding the consumer of 2021 appeared first on Inside Retail. Once businesses get this right there is a good foundation upon which to build a more engaging experience for shoppers.

Consumer 242

Consumer Beauty and Health Payment Services Finance 242

Retail TouchPoints

MARCH 23, 2022

To prepare its systems for a busy 2021 holiday season, CTS had to achieve technology independence and upgrade its hybrid cloud operations. “We The transition integrated core legacy systems into cloud-based technologies across departments including human resources, finance, sales and operations. 2020 for a total of $250 million.

Shopping 260

Shopping Finance ATS 260

Retail TouchPoints

DECEMBER 18, 2020

Specialty retailer rue21 plans to open 15 stores in 2021, following the recent openings of three new brick-and-mortar stores. The amendment includes an increase to the FILO loan through a joint partnership with Bank of America and Tiger Finance. As of today, total liquidity exceeds $100 million.

Specialty Retailers 179

Specialty Retailers Finance Customer Experience Location 179

Inside Retail

JANUARY 14, 2025

Kevin Grant, a senior member of the finance team since 2021, has been promoted to CFO to replace Long. For the fourth quarter, the company posted a 6.8 per cent increase in net sales, driven by a 21.6 per cent growth in US sales.

Finance 130

Finance Promotions Management Accessories 130

Retail TouchPoints

FEBRUARY 16, 2023

Glithero has led large finance functions at businesses including Auto Trader Group , Funding Circle Holdings and, most recently, as CFO of fellow British fashion retailer MatchesFashion. Mecklenburgh, who previously served as Director of Group Finance, took over the CFO position on an interim base at the time of Dunn’s departure.

Finance 317

Finance Fashion Planning Marketing 317

Retail TouchPoints

MARCH 3, 2021

million in financing. In court papers , CFO Ronald Kruczynski said that prior to the pandemic, Paper Source “had been enjoying rapid expansion and sustained sales growth,” but that the company had “sustained deep damage to their finances and operations as a result of the ongoing COVID-19 pandemic.”. million reported in 2019.

Planning 299

Planning Finance Accounting Location 299

Retail TouchPoints

MAY 3, 2021

Roe CFO, effective June 1, 2021. Roe will have responsibility for all finance functions and lead the retailer’s Strategy and Consumer Insights teams. for 25 years in positions including VP, Controller and Chief Accounting Officer; VP of Finance for the Jeanswear and Imagewear Coalitions; and CFO of the International Business.

Finance 264

Finance Apparel Accounting Promotions 264

Retail TouchPoints

MAY 18, 2023

Paula Dempsey, SVP of Finance and Investor Relations, will take on the role of interim CFO until a permanent successor is named. She has extensive retail experience, most recently as SVP of Corporate Finance for Mattress Firm , which was purchased by Tempur Sealy earlier this month. For Q4 of its fiscal 2022, which ended Jan.

Finance 269

Finance Accessories Apparel Management 269

Retail TouchPoints

AUGUST 27, 2020

The plan provides $400 million in exit financing and $400 million in new term loans. J.Crew Group has reached agreements with its landlords to improve lease terms for its stores, anticipating savings of approximately $70 million in 2020 and approximately $60 million in 2021. billion of the company’s secured debt into equity.

Finance 348

Finance Planning Store Operations Customer Experience 348

Retail TouchPoints

JANUARY 4, 2023

Given the uncertain macroeconomic environment, over the last few months we have used different financing options to support capital expenditures, debt repayments, acquisitions, and working capital needs,” said an Amazon spokesperson in a statement sent to Reuters. billion in Q3 2021. billion , compared with $3.2

Finance 325

Finance 325

Retail TouchPoints

MAY 24, 2022

Livestreaming platform Firework has secured $150 million in Series B financing led by SoftBank Vision Fund 2 , bringing its total funding to-date to more than $235 million. In China, livestream commerce is already big business , generating more than $300 billion in sales in 2021 and representing 12% of ecommerce sales.

Finance 321

Finance Promotions Marketing Planning 321

Retail TouchPoints

DECEMBER 22, 2022

Linnartz was appointed President of Marriott in 2021 and currently is leading the hospitality brand’s multi-billion dollar technology transformation, designed to improve customer experience, drive topline revenue and increase operational efficiency. Linnartz will officially join the athletic performance brand on Feb. ”

Finance 289

Finance Customer Experience Consumer Marketing 289

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 25, 2022

The retailer filled two top finance positions in June 2022 , but its stock price tumbled earlier this month when activist investor Ryan Cohen, head of RC Ventures, revealed he was selling his 11.8% The retailer’s problems also have been exacerbated by former CEO Tritton’s plan, revealed in March 2021, to emphasize private label brands.

Finance 306

Finance Shipping Planning Marketing 306

Retail TouchPoints

JULY 1, 2022

When exclusive acquisition negotiations began in early June , FRG proposed $60 per share for Kohl’s, a valuation of $8 billion , eventually revising the proposal to $53 per share (but without definitive financing arrangements). In addition to ending the FRG talks, Kohl’s has revised its Q2 outlook downward.

Finance 288

Finance Planning Marketing 288

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. Since Scott joined Tapestry in June 2021, he has been a great partner to me and has a unique and unparalleled understanding of multi-brand companies.”.

Finance 278

Finance Accounting Management Consumer 278

Retail Gazette

APRIL 23, 2024

John Lewis executive finance director Bérangère Michel has resigned from the Partnership after 16 years. I have loved every moment of my time in both Waitrose and John Lewis and am extremely grateful for a varied, exciting and impactful career across supply chain, shops, finance and many other teams.

Finance 118

Finance Planning Shopping Department Stores 118

Retail TouchPoints

AUGUST 31, 2021

The news follows on the launch earlier in August 2021 of the myWalgreens credit card program, which rewards wellness choices. Newly appointed SVP and CFO Gruener will lead the finance organization for Walgreens.

Finance 264

Finance Customer Experience Marketing Consumer 264

Retail TouchPoints

OCTOBER 18, 2022

Miller led the home goods retailer as President and CEO from September 2015 to August 2021, when Holt took over. He then served as Executive Chairman from August 2021 until April 2022. The company is clearly hoping for some similar magic with Miller’s second turn at the top spot.

Finance 274

Finance Returns Consumer ATS 274

Retail TouchPoints

SEPTEMBER 28, 2022

From 2013 to 2021, Creedon worked with Advance Auto Parts , most recently as the company’s EVP of U.S. Prior to his EVP appointment in March 2021, Creedon served as the President of U.S. Dollar Tree President and CEO Mike Witynski had served as interim COO following O’Boyle’s departure.

Finance 278

Finance Management ATS Marketing 278

Retail TouchPoints

JANUARY 15, 2021

But when looking at these numbers, the excess data can feel overwhelming, so we’ve rounded up the most important retail metrics to leverage in 2021. Evaluating 2020 Metrics and Planning for 2021. This is a chance to get your entire team in one room and plan for 2021 together. Website traffic: More than 4.5 are factored in.

Payment Services 165

Payment Services Promotions Shipping Planning 165

Retail TouchPoints

AUGUST 2, 2021

This also gives them a financing option where they can control the parameters of how much to ‘lend’ and who to lend to. A few recent developments include: In February 2021 , PayPal added its own Pay in 4 service for U.S. clients via Digital River; In April 2021 , Adyen added Afterpay as an option for its merchants in the U.S.,

Merchant Services 317

Merchant Services Payment Services Checkout Finance 317

Retail TouchPoints

APRIL 7, 2022

Long-time Zappos.com executive Scott Schaefer, who has been serving as the retailer’s acting CEO since December 2021, now has the job on a permanent basis. Prior to serving as the company’s acting CEO Schaefer was Zappos’ VP of Finance. His career with Zappos began 14 years ago as the company’s treasury analyst.

Promotions 274

Promotions Finance Planning Management 274

Retail TouchPoints

OCTOBER 18, 2023

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

Finance 278

Finance Accounting Store Operations Planning 278

Retail Gazette

JANUARY 3, 2025

Apollo had helped to finance The Carlyle Groups purchase of a majority stake in the brand back in 2021, which valued the business at 750m. The brand switched hands late last year, when private equity giant Apollo acquired the business in October from The Carlyle Group.

Finance 116

Finance Accounting Promotions Consumer 116

Retail TouchPoints

AUGUST 24, 2022

Hathaway has worked with Qurate since May 2021 in the SVP role, leading finance for QxH, the combined brand of QVC US and HSN, as CFO. Qurate implemented these changes as it continues to develop strategies that will help it continue to lead as selling opportunities evolve within the visual commerce segment of ecommerce.

Finance 302

Finance Promotions Planning ATS 302

Retail TouchPoints

NOVEMBER 8, 2022

He replaces Fred Hand , who joined the company in May 2021. The investment was coupled with an additional $3 million in convertible debt financing from Tuesday Morning executives, including Hand, to support the company’s omnichannel turnaround and avoid bankruptcy for a second time since 2020. Berger to lead the company as CEO.

Finance 290

Finance Marketing Management ATS 290

Retail Gazette

JULY 24, 2024

Patrick Lewis, the great-grandson of John Spedan Lewis, founder of the department store chain, has joined Oak Furnitureland as its new finance boss. Lewis will replace Oak Furnitureland’s outgoing finance boss Emily Tate who held the position for four years, Retail Week reports.

Finance 105

Finance Department Stores Management Marketing 105

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. However, American Dream persevered and the final section, a hall of luxury retailers called The Avenue, opened in fall 2021. The missed payment was for $8.8

Payment Services 272

Payment Services Finance Accounting Store Operations 272

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

MARCH 4, 2024

Thrasio said it will continue normal business operations for its hundreds of Amazon FBA brands throughout the Chapter 11 process and that it has received $90 million in new financing from its lenders in order to see the company through what it hopes will be an expedited bankruptcy.

Finance 284

Finance Returns Marketing 284

Independent Retailer

OCTOBER 19, 2022

Determining the right mix of financing options comes down to having a deep understanding of your customer and your product set. Nearly half (46%) of consumers surveyed said they are more likely to purchase from retailers who offer a variety of financing options. by Mike Rittler. by Mike Rittler. The Federal Reserve and the U.S.

Finance 98

Finance Payment Services Promotions Consumer 98

Retail TouchPoints

JULY 1, 2022

million bridge loan and a financing commitment of $55 million from tech services company A s urion. Johnson had hoped to expand into new categories and markets, but the tides quickly turned after the company went public via SPAC in October 2021. The ultimate plan is to sell to the highest bidder. as of July 1, 2022.

Telecommunications 325

Telecommunications Finance Store Operations ATS 325

Retail TouchPoints

FEBRUARY 4, 2022

2021, when Kohl’s combined operation was valued at about $7.3 All reviews of acquisition offers will be handled by the board’s Finance Committee, which was formed in a 2021 settlement agreement with Macellum Advisors and other shareholders. billion or more” in Dec.

Planning 299

Planning Finance ATS Store Operations 299

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. 15, 2021 and conclude its sale by Jan. 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

MAY 10, 2021

Chang, Relich and Olson will assume their new positions on June 1, 2021, following the expected completion of the sale of PSEB’s sale of Eddie Bauer to Authentic Brands Group and SPARC group. Relich will oversee operations, including sourcing/supply chain, distribution, planning and allocation, IT, finance, legal and human resources.

Specialty Retailers 264

Specialty Retailers Finance Promotions Marketing 264

Retail TouchPoints

JUNE 28, 2022

Despite “productive discussions” with a range of parties and “significant interest from prospective buyers,” WBA said current market instability was impacting the availability of financing, and as a result “no third party has been able to make an offer that adequately reflects the high potential value of Boots and No7 Beauty Company.”.

Marketing 278

Marketing Finance ATS 278