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Nordstrom Financial Chief Bramman Steps Down; Insider Appointed Interim CFO

Retail TouchPoints

Over the course of her 33-year career, Bramman has worked in different areas of finance with companies including Henri Bendel and Victoria’s Secret when the brands were part of L Brands. Maher has more than 25 years of finance and accounting experience and joined Nordstrom in 2009 as controller.

Finance 264
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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. Source: ICSC Financial concerns also affect how Gen Z pays for things: 45% use debit cards, 21% prefer cash, and credit cards come in third at 17%.

Insiders

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Fall of the zombies? Why corporate failures could surge in 2024

Inside Retail

A crunch is looming, finance industry experts said, with many weaker, smaller businesses seeking new private loans and public debt deals just as government borrowing costs – which influence loan rates – are soaring globally. Failure to secure the cash they need at rates they can afford could lead to insolvencies and layoffs.

Finance 130
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Retail appointments of the week

Inside Retail

McLay formerly worked at Australian supermarket chain Woolworths, serving as general manager of a number of divisions, including replenishment, cost focus, and business development, as well as operations manager for logistics. “I At this time, it is business as usual. Murray has also resigned as executive director of Premier. “At

Outdoor 130
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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 262
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Downtown Retail Revitalization: an Overview

Retail TouchPoints

Downtown Miami In October 2009, Miami’s Downtown Development Authority (DDA) published its 2025 Downtown Master Plan, aiming to revitalize the downtown district by leveraging its iconic waterfront, elevate its Grand Boulevards and establish it as the business and cultural epicenter of the Americas.

Planning 239
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What Can and Should Retailers Do About Climate Change?

Retail TouchPoints

In this sweet spot, interests align at the crossroads of environmental sustainability and an opportunity to build customer loyalty, whether those customers are motivated by price, concern about the environment or a combination of both. Abigail Ingalls is a Senior Research Analyst at Breckinridge. Ingalls joined the firm in 2009.