Retail TouchPoints

APRIL 2, 2024

The Amazon Counterfeit Crimes Unit (CCU), established in June 2020 , stopped more than 700,000 attempts by bad actors to create fake selling accounts in 2023. That’s down from 6 million would-be fake account attempts that were thwarted in 2020, the year that the CCU launched — an 88% decrease in less than four years.

Loss Prevention 270

Loss Prevention Accounting Apparel Consumer 270

Retail TouchPoints

SEPTEMBER 6, 2023

These plans are part of the brand’s near-term climate target of reducing greenhouse gas (GHG) emissions 37% by 2032 compared to a 2019 base figure. They are holding us to account, and we must set ambitious goals and take meaningful and lasting actions to protect their futures.”

Planning 264

Planning Accounting Store Operations ATS 264

Retail TouchPoints

NOVEMBER 3, 2022

He was replaced as CFO on an interim basis by SVP and Chief Accounting Officer Laura Crossen. The filing noted that the company had “no reason to believe” that sensitive and/or personally identifiable information (PII) had been accessed. In early September 2022, the retailer’s CFO Gustavo Arnal died in what was ruled a suicide.

Payment Services 287

Payment Services Accounting Store Operations ATS 287

Retail TouchPoints

MARCH 29, 2021

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets. billion , accounting for 35% of gross sales, according to Forbes.

Sporting Goods 321

Sporting Goods Wholesale Specialty Retailers Accounting 321

Retail TouchPoints

OCTOBER 7, 2022

Before joining Under Armour in 2020 as SVP of Americas Wholesale, Baxter served as President and CEO of LIDS Sports Group from 2016 to 2019. The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019.

Wholesale 277

Wholesale Promotions Apparel Accounting 277

Retail TouchPoints

NOVEMBER 28, 2022

While digital penetration is nowhere near the highs it reached during the pandemic, when online accounted for approximately 40% of sales, according to Macy’s CEO Jeff Gennette, ecommerce is continuing its pre-pandemic growth trend with digital penetration this year at 33% , up from 25% in 2019. .

Fulfillment 264

Fulfillment Shipping Accounting ATS 264

Retail TouchPoints

SEPTEMBER 27, 2023

in 2021 and in line with shrink rates seen in 2020 and 2019. Theft, both internal and external, accounts for 65% of shrink, although it can reach as high as 70% in certain verticals. When calculated as a percentage of total retail sales, shrink represented $112.1 billion in losses, up from $93.9 billion in 2021.

Sporting Goods 264

Sporting Goods Store Operations Location Accounting 264

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 The customer-first plan was introduced back in 2019 and remains the centrepiece of the company’s strategy to deliver for all its interested parties. Myer reported in its latest trading update that group comparable sales for the first half of FY24 were virtually flat, up by just 0.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Retail TouchPoints

NOVEMBER 3, 2023

seen from 2010 to 2019. “It 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% for the Nov. 24, 2023 period.

Finance 264

Finance Accounting Consumer Promotions 264

Retail TouchPoints

JUNE 27, 2022

The Team Sales business has historically accounted for less than 1% of Foot Locker’s annual consolidated sales. Foot Locker plans to fully consolidate the Eastbay.com retail website to the Champs Sports banner, completing the integration of these two banners that began in 2019. “We

Sporting Goods 267

Sporting Goods Apparel Accounting Marketing 267

Retail TouchPoints

FEBRUARY 1, 2022

Retailers including Amazon , CVS , Kroger , Macy’s , Nike and Walgreens have all added the option through partnerships with Afterpay, and a study by FIS found that BNPL transactions accounted for 29.3% in 2019. ecommerce share in 2020, up from 23.7%

Payment Services 278

Payment Services Accounting ATS 278

Inside Retail

JULY 27, 2023

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.

Accounting 242

Accounting Returns Management Marketing 242

Inside Retail

NOVEMBER 11, 2021

The report, which cites Sephora Australia’s accounts filed with ASIC this week, states the makeup retailer’s losses hit $7.87 million loss coming after 2019’s loss of $6.5 Beauty firm Sephora struggled through another difficult year and may have difficulties trading as a going concern, according to a report in AFR.

Accounting 298

Accounting ATS 298

Inside Retail

JANUARY 24, 2022

May his soul Rest In Peace,” said a statement on Mugler’s official social media accounts. . Some of his famous pieces include a motorcycle-inspired bodice at Mugler spring/summer ’92 worn by Niki Taylor and Kim Kardashian’s Met Gala look in 2019. . “It The cause of death was reported natural causes, according to his agent. .

ATS 244

ATS Fashion Accounting Returns 244

Retail TouchPoints

JUNE 15, 2022

Google does have a direct-purchase feature, Buy on Google, which is similar to what Bing has rolled out, but it accounts for only a fraction of the more than 1 billion shopping sessions Google sees every day, according to Madrigal. Bing accounts for approximately 25% of total monthly search volume in the U.S.,

Merchant Services 306

Merchant Services Shopping Payment Services Advertising 306

Inside Retail

FEBRUARY 5, 2023

Its burger chain business Betty’s, which accounts for 56 per cent of the company sales, has grown from eight stores to 54 over the past five years. The investment company was considering listing the Retail Zoo business from 2019 before Covid-19 put that plan on hold.

Accounting 279

Accounting Planning Marketing Management 279

Inside Retail

NOVEMBER 20, 2022

The Australian market currently accounts for 16 per cent of its sales, and the company aims to grow that to 38 per cent by 2025. Since 2019, the business has grown revenue by 300 per cent, with $4.3 Founded in 2012 by CEO Tim Dunn, Bushbuck is a hunting and outdoor brand that uses a direct-to-consumer business model.

Outdoor 245

Outdoor Accounting Planning Marketing 245

Inside Retail

MAY 19, 2021

A further 39 per cent said they kept shopping with the brands they had a loyalty account with regardless of the pandemic, while 13 per cent said they shopped where they wanted regardless of loyalty programs. This could be due to a continued, if slow, shift in what customers actually want from their loyalty programs. this brand speaks to me).

Accounting 350

Accounting Shopping Consumer ATS 350

Retail TouchPoints

JULY 14, 2023

More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. BTC spending has nearly doubled since 2019. Additionally, shoppers started their BTS journey early for the second year in a row.

Discount Store 246

Discount Store Department Stores Planning Accessories 246

Retail TouchPoints

NOVEMBER 14, 2022

1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. The more than 3-million-square-foot shopping center has a troubled past, including more than a decade of construction before opening in October 2019, just months before COVID-19 forced it to shut down for an extended period.

Payment Services 263

Payment Services Finance Accounting Shopping 263

Retail Wire

AUGUST 25, 2022

Consumer demand for all types of products accounted for 60 percent of inflation in the U.S. between 2019 and 2021, according to researchers at the Federal Reserve Bank of New York, the University of Maryland and Harvard University.

Consumer 100

Consumer Accounting ATS 100

Retail TouchPoints

OCTOBER 6, 2020

In-store traffic during the six biggest weeks of the holiday season will be down 22% to 25% compared to 2019, according to ShopperTrak data from Sensormatic Solutions. The company expects the 10 busiest days to account for just 34.2% in 2019, with sales spreading out across the holiday season. Traffic was down as low as -82%.

Checkout 217

Checkout Accounting Shopping Consumer 217

Retail TouchPoints

OCTOBER 30, 2020

The retailer will continue selling the items in the stores that carry them, which account for approximately half its footprint. “We

Accounting 290

Accounting Location Store Operations ATS 290

Inside Retail

JUNE 17, 2021

million between March 2018 and 2019, and that it has failed to repay the total sum despite having made back-payments. In an opinion penned in November of 2019, just a month after Woolies’ initial self disclosure, RMIT professor of workplace law Anthony Forsyth argued that the excuse doesn’t stack up.

Payment Services 246

Payment Services Supermarket Accounting Management 246

Inside Retail

APRIL 13, 2022

B2B fashion e-commerce firm Zilingo has suspended its CEO, Ankiti Bose, after the company’s capital-raising plan led to questions about its accounting practices, according to Bloomberg. The company secured $226 million in its Series D round in 2019 led by Sequoia Capital and Singapore’s sovereign fund Temasek Holdings.

Finance 130

Finance Accounting Fashion Planning 130

Retail Gazette

MARCH 14, 2024

Despite an increase in store openings, dominated by the likes of fast food sites and coffee shops, high profile collapses such as Wilko , Paperchase and Lloyds Pharmacy resulted in more closures than openings, according to research from LDC and accounting firm PwC.

Shopping 110

Shopping Accounting ATS 110

Retail TouchPoints

MARCH 3, 2021

million reported in 2019. Like many retailers, some of these losses were offset by growth on the ecommerce side of the business, with online accounting for 24% of the company’s sales in 2020, up from 10% in 2019. In 2020, Paper Source had gross sales of approximately $104 million , a 32% decline from the $153.2

Planning 299

Planning Finance Accounting Location 299

Retail TouchPoints

AUGUST 9, 2022

In fact, a 2019 study from the Journal of Management Accounting Research found that combining the two roles had no adverse effects on the businesses it studied and can lead to operational and fiscal efficiencies.

Finance 278

Finance Accounting Management Consumer 278

Inside Retail

MARCH 14, 2024

Robinson recalled that the company originally had plans to set up the shop back in 2019, “But we know where this story ended up. According to Robinson, since the company ran its first full year of operations independently in 2019, it has been increasing its revenue consistently by 20 to 30 per cent year-over-year.

Location 130

Location Wholesale Consumer Planning 130

Retail TouchPoints

AUGUST 5, 2022

The balance in the reserve account previously used to make payments on the loans is $862.12. The project has had a troubled history, including the short window between the late 2019 grand opening and COVID-19 forcing the mall to temporarily shut down. The missed payment was for $8.8 million , according to a regulatory filing.

Payment Services 272

Payment Services Finance Accounting Store Operations 272

Retail TouchPoints

JUNE 25, 2020

In March 2019 Amazon launched Project Zero to detect fake products before they are purchased. Amazon also has collaborated with brands and law enforcement to hold counterfeiters accountable through financial penalties, civil litigation and criminal prosecution.

Payment Services 312

Payment Services Accounting Location ATS 312

Retail TouchPoints

FEBRUARY 12, 2021

Burris joined GNC in 2019 as Chief U.S. Lawrence also started in 2019, as SVP Finance and Chief Accounting Officer, and has been acting as interim CFO during the past several months. GNC has promoted Josh Burris from President to CEO of the health and wellness retailer, and has named Cam Lawrence as its new CFO.

Finance 182

Finance Promotions Accounting Customer Experience 182

Inside Retail

FEBRUARY 8, 2023

Between January 1 and December 31, 2019, nine workers were allegedly underpaid minimum rates, overtime entitlements, annual leave entitlements, penalty rates for weekend, public holiday and evening work. Individual underpayments ranged from $239 to $15,198.

Accounting 246

Accounting 246

Retail TouchPoints

SEPTEMBER 17, 2022

The bureau also released the Buy Now, Pay Later: Market Trends and Consumer Impacts report, which found that Affirm, Afterpay, Klarna, PayPal and Zip together provided 180 million loans totaling over $24 billion in 2021, a near tenfold increase from 2019. Apparel and beauty companies accounted for 80.1% in 2020; A total of 13.7%

Consumer 262

Consumer Payment Services Apparel Accounting 262

Inside Retail

FEBRUARY 24, 2022

As the troubled department store retailer tries to reight-size its portfolio in the wake of consumers moving online to shop, Myer said the Blacktown store closure was the fifth under its Customer First Plan launched in January 2019. Since then it has closed stores located at Logan, Hornsby, Emporium and – most recently – Knox, last August.

Planning 246

Planning Department Stores Accounting Location 246

Inside Retail

APRIL 15, 2024

When a knockoff goes viral Sakr explained that she was first made aware of the Barney Bed dupe on TikTok after numerous accounts tagged her in a video showcasing Aldi’s dog bed. Inside Retail spoke to Sakr to understand the side effects of being duped on small businesses and what it signals for the state of the retail industry at large.

Supermarket 277

Supermarket Consumer Advertising Accounting 277

Retail TouchPoints

OCTOBER 4, 2021

compared to the same period in 2019, showing significant growth since its exited from bankruptcy in 2018. members accounted for half its sales in the country in the first half of fiscal 2021. Claire’s has filed for an IPO that would value the company at $100 million. compared to the same period in 2020 and 3.4%

Jewelry 278

Jewelry Accessories Accounting Location 278