Small Biz Trends

JULY 19, 2022

If you’re also struggling to stay afloat due to piled-up accounts receivable, you can opt for accounts receivable financing to improve cash flow in your company. What Is Accounts Receivable Financing? Accounts receivable financing should not be confused with invoice factoring. Minimum paperwork.

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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.

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Inside Retail

FEBRUARY 13, 2023

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. The post From stock levels to financing: How interest rate hikes impact retail appeared first on Inside Retail.

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Retail TouchPoints

OCTOBER 19, 2022

SVP and Chief Accounting Officer Michael Maher will step into the role on an interim basis while the company conducts an internal and external search for a permanent CFO. “As Maher has more than 25 years of finance and accounting experience and joined Nordstrom in 2009 as controller.

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Retail TouchPoints

SEPTEMBER 19, 2024

Lee will be responsible for financial planning and analysis, internal audit, accounting, investor relations, financial products and services and corporate development. Lee brings more than 25 years of experience in finance, strategy, team and culture leadership at PepsiCo, most recently as the company’s deputy CFO.

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Retail TouchPoints

JUNE 12, 2023

Chico’s FAS has appointed David Oliver, SVP – Finance, Controller and Chief Accounting Officer, to the role of EVP – CFO and Chief Accounting Officer, effective June 24, 2023. Oliver has been with Chico’s since 2012 and served in multiple roles, including VP – Finance and Controller and Interim CFO and SVP – Controller.

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Inside Retail

APRIL 10, 2024

But while labour and marketing budgets are typically the first to be put on the chopping block, retailers may be overlooking opportunities to reduce costs in the back end by automating everyday finance functions, such as accounts payable and accounts receivable. “I

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Small Biz Trends

JUNE 13, 2022

Small businesses need to ask important questions, such as ‘What is the difference between bookkeeping and accounting?’ And the results from accounting and bookkeeping efforts blend together to make your business more efficient. Bookkeeping Vs. Accounting. Accounting is about generating reports.

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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. 29, 2024, the retailer has received a total of $168.6

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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.

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Retail TouchPoints

MAY 3, 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. Tapestry has named Scott A.

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Inside Retail

NOVEMBER 15, 2021

This article outlines why tapping into automated accounts receivable solutions along with offering more convenient payment plans to your business customers is a good idea and smart business practice. Once you’ve worked with certain customers for a while, you know which accounts are reliable payers and others that perpetually pay late.

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Retail TouchPoints

AUGUST 8, 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. He also spent time with Lands’ End , Gap , Disney , Coldwater Creek and Amgen.

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Retail TouchPoints

DECEMBER 16, 2024

This requires targeted upskilling in critical areas like carbon accounting and management, sustainable procurement and stakeholder management. Establishing clear communication protocols, cross-departmental KPIs and accountability measures is essential. This approach connects sustainability, supply chain, quality, R&D and finance.

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Inside Retail

OCTOBER 13, 2021

And with the functionality to record transactions ledger-to-ledger and integrate with your existing accounting and ERP systems, your business’s finances will be automatically updated every time a sale, refund or exchange is made. . Drive business growth and provide a positive customer experience.

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

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Retail TouchPoints

OCTOBER 18, 2024

To enter, members just need to log into their Diamond account between now and Nov. 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.

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Inside Retail

JULY 9, 2023

She has a background in marketing, finance and accounting which gained from her previous roles. Carolyn Young has been appointed Retail New Zealand’s new CEO, succeeding Greg Harford who will step down on July 21. Young was most recently the CEO of Special Olympics New Zealand and Netball Central Zone.

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Retail TouchPoints

NOVEMBER 4, 2020

Because of this ease, merchants have begun relying on POS financing to drive sales growth. Without proper identification of the individuals behind transactions or new account openings, it’s difficult for retailers to tell the difference between good customers and bad actors, and therefore easier for fraudulent activity to slip through.

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Retail TouchPoints

AUGUST 26, 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. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

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Retail Gazette

DECEMBER 27, 2023

Lidl UK finance boss Marco Di Costanzo has stepped down from his role, following a £76m loss from the discounter. “I assume the projected profitability targets for this year are not being reached so someone has to be kept accountable. The retail giant also has nearly £3bn worth of debt.

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Inside Retail

DECEMBER 11, 2022

Cheadle is a chartered accountant, corporate strategist and risk management expert with more than 30 years of experience working across Asia, Europe, the Middle East, and Australia. George said Cheadle has “a long executive career helping companies reach their full potential”.

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Retail Gazette

SEPTEMBER 3, 2023

Wilko’s auditor EY is facing backlash due to its oversight of the collapsed retailer after approving the company’s accounts despite Wilko cautioning that it lacked the necessary funds to withstand a significant sales drop. Their forecast turned out to be inaccurate when the group went bust.

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Retail TouchPoints

OCTOBER 21, 2022

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). Embedded finance has become big business: McKinsey estimated that the sector reached $20 billion in revenue in the U.S.

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Retail TouchPoints

SEPTEMBER 15, 2022

All eligible associates will be able to contribute a portion of after-tax pay on a recurring basis directly from their paycheck to a personal savings account. consumers who have borrowed to finance the education necessary to unlock the best career opportunities,” said Scott Thompson, CEO of Tuition.io in a statement. “As

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Retail TouchPoints

FEBRUARY 1, 2023

Over the years the retailer has carved a unique space in the Hispanic market thanks to its unique approach to financing, in-store services and merchandising. This has allowed the company to establish a unique value proposition that speaks to the Hispanic community, which is 62 million people strong and accounts for 19% of the U.S.

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Retail TouchPoints

SEPTEMBER 8, 2023

In a statement, the company reported that Baxter stepping down is “unrelated to the company’s accounting or financial reporting,” which was released earlier this week and included a consolidated net sales decrease of 6%. (EXPR) has appointed former Tyson Foods exec Stewart Glendinning as its new CEO following Tim Baxter’s resignation.

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Retail TouchPoints

JULY 5, 2024

billion in term loan financing from funds and accounts managed by affiliates of Apollo, and a $2 billion revolving asset-based loan facility from lead underwriter Bank of America and other major financial institutions. To fund the acquisition, HBC has secured $1.15

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Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. 1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. American Dream owner Triple Five Group has reportedly reached a deal with lenders to get a four-year extension for repaying its $1.7 million on Aug.

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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. The balance in the reserve account previously used to make payments on the loans is $862.12. The missed payment was for $8.8 million , according to a regulatory filing.

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Retail Gazette

SEPTEMBER 13, 2023

Two former Patisserie Valerie finance bosses are among four individuals that have been charged in relation to the bakery chain’s abrupt collapse in 2018. The regulatory body also said the accountancy firm had “missed red flags” and failed to question information provided by management.

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Retail TouchPoints

FEBRUARY 5, 2024

As the RMN market is projected to surpass $100 billion in coming years, it’s no surprise that RMNs have been sprouting across various sectors, from hospitality and finance to conventional retail.

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Inside Retail

SEPTEMBER 5, 2023

Biossance makes up 48 per cent or $28 million of all sales while JVN Hair, founded by Netflix’s “Queer Eye” star Jonathan Van Ness, accounts for 21 per cent of sales or $12.3 The financing will support the continued day-to-day operations as the business works with its key stakeholders to negotiate a “consensual go-forward plan”.

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Retail TouchPoints

APRIL 12, 2022

Cervantes has assumed the CFO role from interim Co-CFOs Phil Moon and Janae De Crescenzo, who will continue with Grove in their positions as VP of Finance and Chief Accounting Officer respectively.

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Retail TouchPoints

JANUARY 10, 2024

According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. If Stadium Goods loses the inventory, it’s accountable and has to pay the marketplaces for that product. What does this mean exactly?

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Retail TouchPoints

NOVEMBER 3, 2023

Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” The NRF’s forecast, which is based on economic modeling that takes multiple factors into account, is in line with the Mastercard Spending Pulse prediction from September 2023 that U.S. retail sales will climb 3.7%

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Retail TouchPoints

DECEMBER 20, 2022

Significantly, it has also been linked to the financing of terrorist activities, offering a lucrative and relatively low-risk source of funds. In 2019, GhostData found that 56,000 Instagram accounts were associated with the counterfeit of luxury brands, representing a 171% increase since 2016.

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