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Endeavour’s retail sales remain flat in fiscal first quarter

Inside Retail

per cent and accounted for 9.3 “During the quarter, promotional intensity lifted across the sector as customers became increasingly value conscious,” said Steve Donohue, Endeavour Group MD and CEO. The company’s retail sales totalled $2.54 billion, with BWS and Dan Murphy’s comparable store sales declining 1.1

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Macy’s Delays Q3 Earnings to Investigate Financial Irregularity

Retail TouchPoints

Following an independent investigation and forensic analysis, Macy’s said it identified “a single employee with responsibility for small package delivery expense accounting” who had intentionally made erroneous accounting entries to hide approximately $132 to $154 million in delivery expenses from Q4 2021 to this current quarter.

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Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success. Now, it’s all about how you reach consumers through tailored promotions.” Then you’d have to take into account the volume differences and the fact that one is organic, and one is not.”

Markdowns 321
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Lowe’s Promotes Finance Exec to CFO

Retail TouchPoints

Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. Sink has more than 20 years of finance and accounting experience, including 12 years at Lowe’s in roles across finance, strategy and accounting. Sink will work closely with Denton during the transition phase.

Finance 288
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Solid Holiday Sales Point to Increasing Consumer Confidence

Retail TouchPoints

In fact, the last five days of the holiday shopping season, which includes Super Saturday, accounted for 10% of all spending, according to Mastercard indicating a rash of last-minute spending that wasnt unexpected, given the shortened shopping window between Thanksgiving and Christmas 2024.

Consumer 283
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What the class action against Coles and Woolworths means for ‘The Big Two’

Inside Retail

But with this unspoken pact breached, consumers and the ACCC are now looking for accountability and compensation. Coles and Woolworths intend to defend themselves against the accusations of misleading promotions and illusory sales. Together, these cases highlight the scale and significance of the allegations.

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Bed Bath & Beyond Promotes Two Executives to Top Finance Positions

Retail TouchPoints

One day after announcing the departure of CEO Mark Tritton , Bed Bath & Beyond has named Laura Crossen as its new SVP of Finance and Chief Accounting Officer, and Susie Kim as SVP of Treasury and Investor Relations. Both appointments are effective immediately.

Finance 317