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Under Armour Appoints Hospitality Veteran as President and CEO

Retail TouchPoints

Prior to her role as President, Linnartz, who joined Marriott in 1997, held roles in sales, marketing and finance, rising to EVP and Global Chief Commercial Officer from 2013 to 2019 and serving as Group President of Consumer Operations, Technology and Emerging Businesses from 2020 to 2021.

Finance 261
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Essity Completes $320M Acquisition of Digitally Native Intimates Brand Knix

Retail TouchPoints

In 2021, the company closed Series B financing, setting the stage for the brand’s 97% YoY growth for the year. Knix was founded in 2013 on the premise that the foundationwear category should include leakproof underwear and apparel such as activewear as it attempted to dispel stigmas related to women’s bodies. billion in the U.S.

Apparel 182
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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

A cyberattack that compromises customer personal information can diminish the trust consumers place in a brand. Some cases in point include: In 2013, Target experienced a data breach where hackers accessed their customer credit card information by exploiting a weakness in the HVAC system’s network connection.

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Exclusive Q&A: Venmo GM on the Company’s ‘Natural Extensions’ into Business Payments

Retail TouchPoints

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). Embedded finance has become big business: McKinsey estimated that the sector reached $20 billion in revenue in the U.S.

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Madison Reed Raises Another $52 Million on the Heels of 130% Growth

Retail TouchPoints

Hair care brand Madison Reed has raised an additional $52 million in financing to fuel its omnichannel expansion after reporting 130% growth and doubling its consumer base in 2020. With many salons shuttered for much of last year, the brand was well-positioned to capture consumers looking for at-home hair coloring alternatives.

Wholesale 147
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Kohl’s Reaches Agreement with Activist Investors, Names Three New Board Members

Retail TouchPoints

Other elements of the agreement between Kohl’s and the investor group include: The board’s existing ad hoc finance committee will become a standing Finance Committee of the board the purpose of which will include assisting the board on its oversight of capital allocation decisions made by the company.

Finance 163
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Retail appointments of the week

Inside Retail

Modibodi has redefined leakproof apparel and created a business built on trust and authenticity, designing sustainable products with the needs of the consumer at their very heart whilst breaking stigmas and taboos,” said Cusack. Chong stepped down as CEO after selling the brand to Swedish health company Essity for $140 million in July 2022.

Apparel 130