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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, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. His appointment reflects our succession planning process and the talent across our company.

Finance 244
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Starbucks Promotes Finance Veteran to CFO

Retail TouchPoints

Starbucks has promoted Rachel Ruggeri, currently SVP of Finance, Americas, to EVP and CFO. During her tenure at Starbucks, Ruggeri has held a variety of finance positions including VP of Corporate Financial Planning and Analysis, VP of Finance in support of the U.S. Business, and SVP of Finance for Global Retail.

Finance 201
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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
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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

Dollar General has promoted John Garratt to President and CFO, effective September 1, 2022. He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. From 2004 to 2014 he served at Yum!

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Thriving Through Retail Seasons: Financing Strategies For Consistent Growth

Retail Minded

By implementing strategic financing strategies, retailers can position themselves for consistent growth and long-term success, regardless of the time of year. Proactive planning and access to appropriate financing options are essential for retailers to capitalize on lucrative opportunities while mitigating the risks posed by seasonal shifts.

Finance 52
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Poundstretcher promotes ex-M&S Food finance boss to CEO

Retail Gazette

Poundstretcher has promoted its current finance director Tristan Phillips to be its new chief executive. Phillips, who was the previous head of finance at M&S between 2020 and 2022, joined the discount chain last autumn. He will succeed Derek Lawlor, who stepped down in May after 10 months in the role.

Finance 57
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Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

Finance 204