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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 209
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Amazon Appoints Insider as CEO of Worldwide Stores

Retail TouchPoints

Amazon has named 17-year company veteran Doug Herrington to the renamed role of CEO of Worldwide Amazon Stores, filling the position left vacant by former CEO of the Worldwide Consumer Dave Clark. Since 2015, Herrington has served as Amazon’s SVP of the North America Consumer.

Insiders

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Who is Peter Ruis, the man tasked with reviving John Lewis?

Retail Gazette

Ruis joined the business in 2005 and transformed its fashion offering by ditching its more conservative brands in favour for big names like Jaeger, Hobbs, Mango and Whistles. ” However, one big challenge that could sit in Ruis’ way is financing the turnaround.

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Bunnings MD Mike Schneider: “I have the best retail job in the country”

Inside Retail

When I joined Bunnings back in 2005 our full year revenues were around the $4 billion mark and it’s certainly grown significantly since then, you know, it was 2015 as a business, we hit a billion dollars on the bottom line for earnings. I was interviewing for a couple of different roles and a role at Bunnings came up in 2005.

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The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive

Indigo 9 Digital

A few decades later when Sears merged with Kmart in 2005 the combined organization generated a substantial $55 billion in revenue. He foresaw that America’s growing railway infrastructure could be used as a way to send goods to consumers in rural communities that lived far away from stores. Richard Sears was a visionary. Retail stores.

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Jason & Scot Show Episode 315 – 2023 Turkey5 Recap with Salesforces Rob Garf

Retail Geek

Consumers were patient, waiting for attractive deals, while retailers managed their inventory and discounting strategies well. They discuss the potential impact of mobile wallets on shopping behavior and note that BNPL resonates with new consumers and has replaced layaway. billion consumers are shaping shopping trends.

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Amazon names new head for global stores

Mass Relators

He will succeed Dave Clark, the former CEO of Amazon Worldwide Consumer, who is leaving the company to serve as CEO of the supply chain software start-up Flexport. He joined the company in 2005 to build out our Consumables business, launched AmazonFresh in 2007, and in 2015, took on leading all of our North American Consumer business.