Retail TouchPoints

OCTOBER 19, 2022

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

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Retail TouchPoints

MARCH 10, 2023

million in debtor-in-possession (DIP) financing from 1903 Partners LLC together with its affiliates, Gordon Brothers. 1, 2022, revealed net sales of $157.1 compared to Q1 2022. Off-price home goods retailer Tuesday Morning , which filed for bankruptcy in February 2023 , has received $12.5 million , down from $176.9

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Retail TouchPoints

MARCH 27, 2023

In fact, embedded finance will be a $777 billion opportunity by 2029. What’s really exciting about embedded finance is the simplicity of making complex payments accessible to a wide range of people and businesses, and the creative innovations that are opening new use cases and new opportunities. So how can businesses get a piece of it?

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Retail TouchPoints

DECEMBER 1, 2021

Retailers in 2022 will need to take a proactive approach to limiting supply chain risk and reexamine their continuity plans to improve supply chain resiliency. In 2022, small- and medium-sized retailers will need to closely consider their ecommerce partnerships. Think of it like a resurgence of the P.O. box for the digital retail age.

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Inside Retail

MARCH 2, 2025

Chiczewski joined McDonalds in 2012, and has held several roles in strategy, finance, and operations. Before he took on the top leadership role in Australia in March 2022, Martinez had led McDonalds Korean business. Among his achievements as CEO, Martinez launched MyMaccas Rewards, a loyalty program with more than 14 million customers.

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Inside Retail

FEBRUARY 13, 2023

This was arguably felt in December 2022, which saw a 3.9 Partner at accounting firm Pitcher Partners Mark Harrison believes rising interest rates can also make it harder for retailers to obtain finance, as businesses are assessed as having a lower capacity to borrow funds. per cent drop in consumer spending.

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Inside Retail

MARCH 28, 2022

With recovery tempered heavily in 2022 by Omicron and flooding across NSW and Queensland. . Whether you have an internal property team or – as often occurs – your leasing falls somewhere between operations, finance and an external legal firm, Franklin Shanks can help. The post Retail leasing in 2022: Seismic shift or same-same?

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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. The company outlined its “Driving Change” transformation strategy in its October 2022 annual report. ASOS experienced a year of declining sales.

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Retail TouchPoints

OCTOBER 19, 2022

2, 2022, which will allow her to stay through the retailer’s Q3 2022 financial reporting. Over the course of her 33-year career, Bramman has worked in different areas of finance with companies including Henri Bendel and Victoria’s Secret when the brands were part of L Brands.

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Retail Focus

DECEMBER 5, 2022

With 2022 as the first year of MAPIC’s fully-fledged return post-pandemic, the atmosphere has been optimistic and energetic, with people looking forward to the experience of in-person retail and interactions. Each year, MAPIC hosts some of the retail real estate industry’s largest leasing announcements—and 2022 was no different.

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Retail TouchPoints

JULY 1, 2022

Kohl’s is off the sales block following the end of talks with Franchise Group (FRG) , which has been the highest bidder for the company since the retailer began seeking a buyer in January 2022. WBA noted it would change course due to market challenges that had erupted since it began searching for buyers in January 2022.

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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. The loan will help Amazon weather what could be a difficult year.

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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.

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Retail TouchPoints

AUGUST 25, 2022

BB&B has been struggling in recent months: June 2022 saw the departure of CEO Mark Tritton following a Q1 financials report indicating a 25% decline in sales compared to the same period the previous year. BB&B was exploring a sale in April 2022, but that now seems to be off the table. stake in the company.

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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 reportedly made a $9 billion bid in April 2022, people familiar with the matter told Reuters. share price as of June 6.

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Retail TouchPoints

DECEMBER 20, 2023

Indeed, until recently most BNPL offerings were relegated to the digital realm, but stores are widely seen as the next big area of expansion for this increasingly popular financing option. Customers also can access Affirm BNPL financing at Walmart Vision and Auto Centers. year over year.

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Retail TouchPoints

AUGUST 26, 2022

Dollar General has promoted John Garratt to President and CFO, effective September 1, 2022. He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. and net sales up 9% to $9.4

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Retail TouchPoints

SEPTEMBER 7, 2022

Oak Street was previously involved with Kohl’s when the retailer sought to sell itself to Franchise Group for approximately $8 billion in July 2022. The firm was on board to help Franchise Group finance the deal, but negotiations ultimately fell through. A major cash infusion could help the troubled retailer reverse its fortunes.

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Retail TouchPoints

SEPTEMBER 6, 2022

2, 2022 stock price. The deal, which will take ChannelAdvisor private, is not subject to financing conditions and has been approved by both companies’ boards. CommerceHub has agreed to purchase the 27.5 million outstanding shares of ChannelAdvisor in a cash deal for $23.10

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Retail TouchPoints

DECEMBER 3, 2021

Hall joined REI in 2019 and currently leads strategy, sustainability and finance. These three leaders — alongside the rest of a talented senior team — will position us to continue our terrific momentum into 2022.”. Janes, whose most recent position was VP, Physical Retail for Amazon, will begin his new role on Jan.

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Retail TouchPoints

APRIL 19, 2024

That stock acquisition had automatically put The Children’s Place into default on its existing credit agreements; this new financing will “waive the event of default resulting from the change in control,” according to a company statement. million in sales during the same period in 2022. For Q3 2023, which ended Oct.

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Retail TouchPoints

NOVEMBER 16, 2022

Meta also will highlight businesses from its Meta Business Leaders Network in the new 2022 Smalliday Showcase gift guide, and provide small businesses with advice on advertising effectively with its SMB Holiday Marketing Guide. The new Square-specific Amex credit card, which will be powered by i2c Inc. small business owners.

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Small Biz Trends

JULY 21, 2022

If it does, then purchase order financing or PO financing is just the solution to quickly get the much-needed money to fulfill those orders. In this article, you will learn what purchase order financing exactly is, how it works, and the top purchase order financing companies, let’s dive in.

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Retail TouchPoints

AUGUST 8, 2022

Plus size retailer Torrid has named Tim Martin to the role of COO and CFO, effective September 12, 2022. Martin brings 25 years of retail experience, most recently as EVP and CFO of Guitar Center , where he was responsible for accounting and finance, real estate, sourcing, distribution and logistics.

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Retail TouchPoints

JULY 1, 2022

Six years later, Johnson might answer that question differently — his “commerce-at-home” startup Enjoy Technology filed for bankruptcy on June 29, 2022, after a series of setbacks including staffing shortages and dwindling liquidity. million bridge loan and a financing commitment of $55 million from tech services company A s urion.

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Retail TouchPoints

DECEMBER 22, 2022

Under Armour has appointed Marriott International President Stephanie Linnartz as its President, CEO and member of its board of directors following a search that began in May 2022. 27, 2023, succeeding Patrik Frisk, the former President, CEO and member of the board of directors who stepped away from the role in June 2022.

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Retail TouchPoints

MAY 10, 2024

Amazon , which already has a significant physical presence in Ireland via the Dublin fulfillment center it opened in 2022, will now have a country-specific online presence on the Emerald Isle. More than 1,000 Irish SMBs already sell on Amazon, generating over €150 million in export sales in 2022 alone.

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Retail TouchPoints

SEPTEMBER 15, 2022

19, 2022 to contribute to associates’ financial stability and help them manage their higher education debt, but reportedly they won’t be initially extended to unionized workers, according to Reuters. consumers who have borrowed to finance the education necessary to unlock the best career opportunities,” said Scott Thompson, CEO of Tuition.io

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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. 1, 2022 to ensure a seamless transition. Glaser will stay on until Oct.

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Retail TouchPoints

APRIL 13, 2022

Walmart has named John Rainey to the role of EVP and CFO, effective June 6, 2022. I’m confident that John’s mix of financial and digital acumen, coupled with his experience leading finance in complex, highly competitive industries, will help us deliver for our customers and shareholders as we continue to transform our company.”.

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Retail TouchPoints

OCTOBER 18, 2024

We know one-third of bridesmaids are engaged brides and almost half of brides are also bridesmaids,” said Kelly Cook, President of Brand, Technology and Finance at David’s Bridal in a statement. The retailer launched its wedding planning platform Pearl by David’s in January 2023.

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Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. Deloitte found that 51% of lower-income earners and 38% of higher-income earners felt that their finances took a turn for the worse in 2022.

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Retail TouchPoints

MARCH 15, 2023

The company’s Triple Double growth plan was announced in March 2022 , when it set the goal of tripling its store count to more than 3,500 locations by the end of fiscal 2030 while at least doubling sales and growing operating margin by 14% by the end of fiscal 2025.

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Retail TouchPoints

FEBRUARY 15, 2023

million of debtor-in-possession financing to support ongoing operations during the proceedings. The retailer avoided another bankruptcy filing in September 2022 with the help of last-minute cash infusions , but the company has since decided that restructuring will be its best path forward. 1, 2022, compared to Q1 2022.

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Retail Gazette

APRIL 18, 2024

Waterstones has named former Farfetch finance executive Karen Ashworth as its new chief financial officer. Ashworth joined Farftech back in 2017 as its finance director before being promoted to vice president of financial control in 2022. Ashworth joined the bookseller earlier this week, filings on Companies House show.

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Retail TouchPoints

MARCH 29, 2023

Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. In 2022, the share of online purchases using BNPL grew by 14% YoY, with revenue from BNPL growing 27% YoY, according to Adobe Analytics. and will roll out to all users in the coming months.

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Retail TouchPoints

NOVEMBER 3, 2023

spending forecast to climb 3%-4% over 2022, generating between $957.3 Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” billion spent in the 2022 holiday season. consumers spent online during holiday 2022. billion to $966.6 seen from 2010 to 2019. for the Nov.

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