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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 229
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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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Downtown Retail Revitalization: an Overview

Retail TouchPoints

The revenue generated was strategically reinvested into a comprehensive range of enhanced services, including security, sanitation, arts support, events, marketing, parking and advocacy. Events and inventive marketing strategies were meticulously organized to promote the district’s vibrant atmosphere and attract more visitors.

Planning 212
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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

Rent the Runway’s decision to permanently exit brick-and-mortar retailing continues its plan to drive down expenses. Founded as an e-Commerce business in 2009, Rent the Runway did not open its first retail location until 2014. As a result of this, all retail roles are being eliminated,” an unnamed executive told employees.

Apparel 189
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Garratt named Dollar General president

Mass Relators

continues to shuffle its leadership ranks ahead of the planned retirement of chief executive officer Todd Vasos. The 53-year-old Garratt will remain responsible for the company’s finance, accounting, strategy and procurement functions. The post Garratt named Dollar General president appeared first on MMR: Mass Market Retailers.

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

Retail Gazette

He also oversaw the relaunch of its fashion website back in 2009, helping to boost the retailer’s online profile, and introduced new in-store design concepts for its womenswear departments. The furniture retailer has become a force to be reckoned in recent years and has undoubtedly stolen market share from John Lewis.

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Hy-Vee gives executives new leadership roles

Mass Relators

and will oversee Hy-Vee’s private brands, merchandising, marketing and digital initiatives. He was promoted through various executive leadership roles in merchandising, marketing, strategy and operations before being named president, chief operating officer, in December 2021. Aaron Wiese. Kevin Sherlock.