Retail Gazette

MARCH 15, 2024

Ann Summers chief financial officer John Boyle is retiring from the retailer after 11 years, as Kristina Moln-Page is promoted to finance director of the company. Moln-Page currently serves as head of finance of the business, having previously joined Ann Summers in May 2022 as strategic project consultant. Profit was up 3% to £61.8m

Finance 52

Finance Promotions Returns Consumer 52

Retail TouchPoints

MARCH 15, 2021

Lord & Taylor will return from bankruptcy as a digital-first retailer in April under its new owner Saadia Group, according to multiple sources. Known as the oldest department store in the U.S., Lord & Taylor has had a rocky couple of years. It was acquired by online apparel rental startup Le Tote from then owner Hudson’s Bay Co.

Returns 279

Returns Department Stores Apparel Finance 279

Shopping Center

JUNE 8, 2023

If the conventional wisdom is that the worst loans are made in the best of times, then a return to fundamentals and positive risk/return dynamics seems likely in the near… The post Freedom Financial Funds: Research Markets and Deals Extensively to Develop Creative Financing Options appeared first on Shopping Center Business.

Finance 52

Finance Marketing Returns Shopping 52

Inside Retail

APRIL 10, 2023

Australian consumer finance firm Latitude Group Holdings Ltd will not pay a ransom to those behind a cyber attack last month, saying it will be detrimental to customers and cause harm to the broader community by encouraging further attacks.

Finance 246

Finance Returns Consumer ATS 246

Retail Gazette

FEBRUARY 6, 2024

The beginning of the year is traditionally a peak period for returns and 2024 has been no exception, with retailers experiencing a surge in unwanted items being sent back. The trend is being driven by several factors, including the cost-of-living crisis, with returns volumes increasing notably.

Customer Experience 52

Customer Experience Returns Inventory Management Point of Sale 52

Inside Retail

NOVEMBER 30, 2022

That is without the workload creep of blending and the ‘help’ of technology to be available ‘anytime’ With jobs taking up such a monumental piece of our life and linked intrinsically to the well-being of every other aspect, family, finances etc., job satisfaction is a lifeline. .

Returns 130

Returns Finance 130

Retail TouchPoints

APRIL 24, 2024

We remain fully committed to improving our results and returning the company to health and prosperity,” said Jonathan Ramsden, Chief Financial and Administrative Officer of Big Lots in a statement. For Q4 2023, comparable sales declined 8.6% compared to the same period the previous fiscal year. “We

Finance 162

Finance Returns Management ATS 162

Retail TouchPoints

MARCH 4, 2024

Thrasio said it will continue normal business operations for its hundreds of Amazon FBA brands throughout the Chapter 11 process and that it has received $90 million in new financing from its lenders in order to see the company through what it hopes will be an expedited bankruptcy.

Finance 284

Finance Returns Marketing 284

Retail Times

JUNE 10, 2021

Hitachi Capital Consumer Finance (HCCF), one of the UK’s leading retail point of sale provider today announces impressive profits of £60.2m The results and continued investments during the period leave the business well positioned to grow in 2021/22 as lockdown measures ease and consumer confidence returns.

Finance 77

Finance Consumer Point of Sale Returns 77

Inside Retail

FEBRUARY 12, 2023

per cent to $461 million, which the company attributes to the hotel operations’ return to full swing after the pandemic. Steve Donohue, CEO and MD of Endeavour Group, said that with domestic travel returning, December saw customers return to more normal holiday activities and a full social calendar. EBIT increased by 15.8

Finance 246

Finance Returns ATS 246

A1 Retail

JANUARY 10, 2023

Similarly, the rush to buy gifts and Christmas party outfits benefitted clothing and department stores, which returned to growth in December, rising 1.5 It seems this year shoppers returned to the high street to make the most of the festive period despite the cost-of-living challenges.”. percent and 2.8 percent and -1.5

Finance 98

Finance Outdoor Supermarket Department Stores 98

Rangeme

FEBRUARY 8, 2022

If you’re like many small- and medium-sized businesses, allocating financial resources to cover set expenses, investments, and finance growth strategies is where creativity and resourcefulness are needed. Explaining Inventory Financing. What is inventory financing? Inventory Financing through Kickfurther.

Finance 52

Finance Payment Services Shipping Accounting 52

Rangeme

JULY 1, 2021

Trade finance can help your company tackle these challenges and do business globally with success. Protecting cash flow with trade finance. Trade finance can play a vital role in preventing working capital shortages and equipping your company with the cash flow necessary to keep operations running smoothly. Don’t fret.

Finance 52

Finance Payment Services Shipping Location 52

Retail TouchPoints

AUGUST 25, 2022

Product attributes platform Lily AI has closed a $25 million Series B financing round with participation from Canaan Partners, Conductive Ventures, Sorenson Ventures and NEA, among others. The solution is designed to inject an enriched, customer-centered product taxonomy across the existing retail stack.

Finance 277

Finance Fashion Returns Planning 277

Inside Retail

SEPTEMBER 25, 2023

Other forms of theft that gained a significant number of “justifiable” responses are manipulating deals and promotions and returning used goods for a refund. Basket sizes of most of the shoppers are the same in the last six months.

Checkout 312

Checkout Finance Supermarket Consumer 312

Retail TouchPoints

NOVEMBER 3, 2023

It is not surprising to see holiday sales growth returning to pre-pandemic levels,” said Matthew Shay, President and CEO of the NRF in a statement. Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” seen from 2010 to 2019. “It retail sales will climb 3.7% for the Nov.

Finance 264

Finance Accounting Consumer Promotions 264

Retail Wire

MAY 18, 2021

has raised its annual sales and earnings forecast based on a number of factors: stores operating on pre-pandemic terms, pent up shopping demand, increased disposable income and optimism around personal finances and the direction of the U.S. Macy’s Inc. The department store operator announced that same-store sales jumped 63.9

Returns 100

Returns Department Stores Finance Store Operations 100

Rangeme

SEPTEMBER 9, 2021

Kickfurther is the world’s first inventory financing platform that enables businesses selling through any combination of direct-to-consumer, online, wholesale, or retail channels to raise working capital. So Kronenberger took to RangeMe Services to find a finance provider and discovered Kickfurther. How does Kickfurther work?

Finance 52

Finance Payment Services Wholesale Consumer 52

VMS

JANUARY 25, 2022

Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. The 2021 total rate of returns (16.6 percent during 2020, but online returns are in line with recent years at an average of 20.8

Returns 52

Returns Loss Prevention Payment Services Visual Merchandising 52

Retail Focus

JANUARY 30, 2023

With the right strategies, you can use home equity to finance a portion of commercial real estate investment costs that could provide long-term returns on your original investment, while avoiding common investing mistakes.

Finance 130

Finance Returns Planning Accounting 130

Inside Retail

DECEMBER 5, 2023

The changes announced jointly by the communications and finance ministers, have been trialled and will roll out over the next 12 months along with other reforms like increasing the number of parcel collection points. Australia Post is government-owned but self-funded and required to deliver a financial return.

Planning 241

Planning Finance Location Returns 241

Retail TouchPoints

APRIL 22, 2024

In order to support continued operations, the company has received a commitment for $35 million in new financing from some of its existing lenders and will also use the $49 million in cash it received on April 15, 2024, from the Internal Revenue Service related to the CARES Act. Bonobos’ wholesale operations will also continue uninterrupted.

Wholesale 147

Wholesale Finance Fashion Brand Management 147

Retail TouchPoints

MAY 2, 2023

million of debtor-in-possession financing to support ongoing operations during the 2023 proceedings — which led to Invictus opposing its plan to go out of business entirely. Tuesday Morning operated fewer than 500 stores when it made its latest bankruptcy filing in February, which was the second since 2020.

Merchant Services 269

Merchant Services Finance Location Planning 269

Retail TouchPoints

NOVEMBER 16, 2022

It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business. The new Square-specific Amex credit card, which will be powered by i2c Inc. and issued by Celtic Bank, will be the first credit card Square offers to U.S.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

A1 Retail

OCTOBER 7, 2022

Sarit Packer, Chef, Author and Founder of Honey & Co, explores the art of keeping personal and business finances separate . The post American Express’ Money Minutes podcast returns, hosted by leading entrepreneur Sharmadean Reid MBE and featuring guests appeared first on A1 Retail Magazine.

Returns 98

Returns Finance Management Marketing 98

Retail Next

OCTOBER 23, 2019

Having a clear return policy in place is good for your business. Research shows that 27 percent of consumers are willing to make a significant purchase from a store that offers free return shipping. Unfortunately, returning products has become a bad habit of so many consumers. Start by Writing a Clear, Concise Return Policy.

Returns 52

Returns Shipping Finance Consumer 52

Inside Retail

MAY 31, 2022

If you sell expensive items and need to offer financing over a longer-term, then you may need a pay-by-finance BNPL plan which involves applying for a credit license. Is offering BNPL likely to drive higher customer returns and, if so, can you handle it? This is more likely if you offer a free return service. .

Payment Services 130

Payment Services Checkout Finance Returns 130

Retail TouchPoints

OCTOBER 18, 2022

Miller is a retail and consumer finance veteran with over 30 years of experience at corporations including Sears , DFC Global Corp, Aramark , Nestle and Kraft. I am excited to return to Conn’s and help the company reestablish its core customer value proposition,” said Miller in a statement.

Finance 274

Finance Returns Consumer ATS 274

365 Retail

DECEMBER 15, 2022

At least one of the presents under the Christmas tree this year could be an unwanted Black Friday deal, that’s according to new research from Novuna Consumer Finance , which found that a third (30%) of Black Friday shoppers will regift items this Christmas they regret buying for themselves. .

Finance 78

Finance Returns Consumer Shopping 78

Retail TouchPoints

NOVEMBER 3, 2021

Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. The three flagship stores will mark Glossier’s return to the brick-and-mortar space after shuttering all its stores in March 2020 due to the pandemic.

Finance 264

Finance Payment Services Accounting Returns 264

Retail TouchPoints

AUGUST 25, 2022

Davis was with Walmart from 2006 to 2018 in a number of financial leadership roles, including Treasurer, SVP of Finance and Strategy and CFO of Walmart U.S. We are confident these pricing and other investments will generate very attractive returns over the long term,” said Witynski.

Finance 274

Finance Returns ATS 274

Retail TouchPoints

SEPTEMBER 18, 2023

Financing and financial insights : Last year sellers borrowed more than $2 billion through Amazon Lending’s third-party partners. The new Veeqo Credits program will also give Amazon sellers up to 5% back on eligible shipments as a further incentive to choose the solution. Now qualified sellers can borrow more, up to $5 million.

Payment Services 321

Payment Services Shipping Fulfillment Finance 321

Retail Gazette

FEBRUARY 25, 2024

It is understood that Aurelius is financing the rest of the business, and as part of that has secured major assets including stock and IP. FRP is expected to decide whether to launch an auction in the coming weeks, with a sale of the restructured business in its new form back to Aurelius looking a likely outcome.

Shopping 122

Shopping Wholesale Finance Returns 122

Retail Focus

NOVEMBER 16, 2022

Chris joined Grosvenor in 2005 and has held various finance positions in Grosvenor Property UK and the broader Grosvenor business. Today he is responsible for finance in the UK property business’ Development and Investment teams, including Liverpool ONE.

Finance 182

Finance Boutique Management Returns 182

Retail TouchPoints

DECEMBER 13, 2021

Innovative organizations that adapt their sales and returns infrastructure accordingly will reap the rewards of bigger basket sizes and repeat customers. BNPL is a financing option that makes sense from a consumer perspective. Flexibility on payments and returns is a key portion of retailer’s holiday success.

Payment Services 264

Payment Services Consumer Returns Management 264

Retail TouchPoints

AUGUST 13, 2020

Every business has to manage excess capacity and/or inventory: restaurants have excess food and empty tables; hotels and homeowners have vacant rooms; retailers have overstock and returns. Inventory levels will be further exacerbated by a spike in returns.

Apparel 279

Apparel Inventory Management Finance Returns 279

Retail TouchPoints

NOVEMBER 17, 2020

Additionally, Guitar Center has negotiated $375 million in Debtor-In-Possession financing and plans to raise $335 million in new senior secured notes. The RSA transaction will be supported by up to $165 million in new equity investments from a fund managed by the Ares Management, the Carlyle Group and Brigade Capital Management.

Planning 180

Planning Finance Shipping Management 180