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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 240
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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. France’s sixth largest retailer Casino has just finalised a debt restructuring to avert bankruptcy.

Finance 130
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Escada America files for bankruptcy

Inside Retail

Kevin Walsh, director of finance, expressed that some commercial landlords were ‘reasonable’ and willing to negotiate to make things workout in 2020 and last year. . Escada America was formed in 2009 from previous bankruptcy by Escada USA. The retailer is known for upscale women’s apparel with subsidiaries in Europe.

Finance 130
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The rise of bitcoin: a journey through the decade

Retail Times

The world of finance witnessed a seismic shift with the advent of Bitcoin in 2009. Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides!

Finance 49
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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.

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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 237
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Retail appointments of the week

Inside Retail

McKenna joined the business almost three decades ago, and worked across several parts of Walmart: from finance, to real estate, M&A, to early omnichannel development. She will remain with the company until January 31, 2024, and will continue to serve on the boards of Walmex, Flipkart and PhonePe.

Outdoor 130