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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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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. Long-standing company CFO, John Bryce, has been appointed as interim CEO and will continue to fulfil both CEO and CFO responsibilities.

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The collapse and rebirth of UK fashion giant Missguided

Inside Retail

Missguided, founded by Nitin Passi in 2009, shocked the retail industry after declaring that it had fallen more than £80 million ($136 million) in debt. Missguided’s former warehouse operator, GXO, has not guaranteed the fulfilment of any orders amid negotiations either. However, those days are long gone. Self-inflicted wounds.

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Hy-Vee gives executives new leadership roles

Mass Relators

Since then, he has fulfilled several executive leadership roles in preparation for this promotion. She was promoted to assistant vice president of marketing in 2009, and in 2011, she was selected as vice president of brand image. Van Gundy also has experience in government relations, finance and economic development.

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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

At the beginning of the pandemic, CEO and Cofounder Jennifer Hyman cut costs by 51% , raised additional financing and scaled back capital outlay by shifting from buying merchandise to a revenue-sharing consignment model, according to a July 2020 article in The Wall Street Journal.

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