article thumbnail

Why my Retail Finance Team Loves AI

Retail TouchPoints

For me, the great thing about working in finance is getting to make decisions that touch all aspects of the organization. Finance really places you at the center of everything, where decisions you make play a pivotal role in sustaining long-term business success. That is, at least, the theory.

Finance 241
article thumbnail

Children’s Place Looks for New Financing as Losses Widen

Retail TouchPoints

The Children’s Place — which owns and operates The Children’s Place , Gymboree , Sugar & Jade and PJ Place brands — is working with advisors and lenders to find new financing as it projects a wider loss than initially expected in its Q4 for fiscal 2023, which ended Jan. to obtain new financing in order to support ongoing operations.

Finance 237
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘Cash or Card?’: Why More Financing Choices Drive Consumers’ Decisions on Which Retailers to Shop

Retail TouchPoints

A recent study of more than 4,700 consumers from Bread Financial indicates payment choices — including retail store credit cards, bank branded credit cards and buy now, pay later (BNPL) — at checkout have become a major factor in pleasing shoppers and closing a sale. Is it Great Service or Great Financing Options?

Finance 260
article thumbnail

Retail, POS Finance and the Quest for ESG

Retail TouchPoints

And how can POS finance fit into the equation? Internally, investments should be made into educational programs at all levels of the organization to ensure that senior-level employees can lead by example and junior-level employees can be proactive with their sustainability efforts.

Finance 240
article thumbnail

Digital Revolving Credit: A Potentially More Responsible Financing Option than BNPL

Retail TouchPoints

Digital revolving credit is an ecommerce financing option that allows users to instantly open a revolving line of credit in the shopping cart that can be used and reused repeatedly over a lifetime. This is in comparison to BNPL’s payment option, which finances individual purchases with separate fixed-term installment loans.

Finance 235
article thumbnail

Lowe’s Promotes Finance Exec to CFO

Retail TouchPoints

Sink, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. Sink has more than 20 years of finance and accounting experience, including 12 years at Lowe’s in roles across finance, strategy and accounting.

Finance 244
article thumbnail

Qurate Retail Names Finance Veteran as Permanent CFO

Retail TouchPoints

Wafford was most recently CFO at the digitally native apparel brand Everlane , and he also has held that title at companies including JCPenney, The Vitamin Shoppe and Thrasio. His experience also includes serving as Partner at KPMG and holding finance roles at Walgreens Boots Alliance, Target and Archstone Consulting.

Finance 236