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Torrid Appoints Retail Veteran as New CEO

Retail TouchPoints

Chinwe Abaelu, SVP and Chief Accounting Officer, will serve as Principal Financial Officer until Torrid appoints a new CFO. Serving as Torrid CEO from August 2018 to April 2022, Muñoz led the retailer through the COVID-19 pandemic and a 2021 IPO. The change at the top comes amid a number of leadership shifts taking effect immediately.

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Mattress Firm Files for IPO 6 Years After Going Private

Retail TouchPoints

Mattress Firm first announced in September 2021 that it had confidentially filed to go public. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO. 28, 2021, Mattress Firm reported that net revenues rose 34.9%

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Why Redbubble is under pressure to reassure artists, investors ahead of AGM

Inside Retail

McConnell told Inside Retail that the “tone at the top” matters more than people think, and that, in his experience, boards do a bad job of holding themselves accountable. Standard accounts are subject to a monthly account fee, while Premium and Pro accounts are not.

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PacSun Taps Virtual Influencer for BTS, Holiday Campaigns

Retail TouchPoints

Self-described on her Instagram account as a “19-year-old Robot living in LA,” Miquela (who was previously known as Lil Miquela but has since ditched the Lil) is one of the first known virtual influencers — a computer-generated human, essentially a digital character — that takes on all the tasks and tools of actual homo sapiens influencers.

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Here is what’s driving Danish retail giant Bestseller’s success Down Under 

Inside Retail

Following its launch in Australia in 2016, Danish retail group Bestseller has firmly entrenched its presence in the retail market, with the company making strides in its sustainability and circularity initiatives. It] is regarded as one of the consistently top performing brands amongst our wholesale accounts,” Dahl-Thorup said.

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LinkedIn cuts over 700 jobs, exits China app as demand wavers

Inside Retail

LinkedIn also said it was eliminating the slimmed down jobs app that it offers in China after it decided in 2021 to mostly withdraw from the country, citing a “challenging” environment. In the tech sector, large companies have accounted for the bulk of recent layoffs, including 27,000 at Amazon.com Inc, the most in its history.

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5 Tips to Improve Retail Pay-Per-Click Results

Retail TouchPoints

between January and February of 2023 — they are still some way behind the comparative period of 2021. In grocery ecommerce alone, online revenues are expected to account for more than 13% of total category sales by 2026. While retail sales may currently be bouncing back at a rate faster than predicted — increasing by 1.2%