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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 264
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‘Cash or Card?’: Why More Financing Choices Drive Consumers’ Decisions on Which Retailers to Shop

Retail TouchPoints

The Shopper’s Search for Buying Power Offering multiple financing options expands buying power and gives customers more motivation to buy. The study also suggests that as the spend amount goes up, it becomes even more important to the consumer that their preferred financing method is available.

Finance 289
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Retail, POS Finance and the Quest for ESG

Retail TouchPoints

And how can POS finance fit into the equation? POS Finance and Climate-Conscious Buying Habits While these changes can go a long way toward tackling and reducing greenwashing accusations, retailers should not ignore the impact of choosing the right partners — including when it comes to finance.

Finance 276
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Tech Scammers Trick Finance Pro Into $25M Payout With Deepfake

Retail Wire

In an elaborate scam, a multinational firm's finance professional was outwitted into transferring a staggering $25 million to fraudsters. The criminals posed as the company's top financial officer and other staff members, using deepfake technology, according to Hong Kong police.

Finance 214
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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 285
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Qurate Retail Names Finance Veteran as Permanent CFO

Retail TouchPoints

His experience also includes serving as Partner at KPMG and holding finance roles at Walgreens Boots Alliance, Target and Archstone Consulting. As we execute our strategic plans, we are excited to add someone of Bill’s experience and talent to lead our finance team.

Finance 275
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Fueling Retail Expansion: Exploring Financing Options For Business Growth

Retail Minded

For retailers looking to expand their operations, securing financing is a crucial step to fuel growth. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains.

Finance 95