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Nordstrom Names Ex-Target and Walmart CFO to Top Financial Post

Retail TouchPoints

Smith brings extensive experience in retail finance posts, including serving as CFO at Walmart from 2010 to 2014 and at Target from 2015 to 2020. Nordstrom has appointed Cathy R. Smith as its new CFO, effective May 29, 2023. Most recently, she was Chief Administrative Officer and CFO at Bright Health Group.

Finance 319
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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

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Furniture maker Mitchell Gold + Bob Williams shuts down over inability to secure ‘critical financing’

Retail Dive

The company, which was acquired by private equity firm The Stephens Group in 2014, is closing despite a recent $20 million investment by the firm.

Finance 119
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Cash Converters to acquire its New Zealand master franchisor

Inside Retail

The personal finance company and secondhand retailer commenced operations in New Zealand in 1993 and operates 22 stores of which 11 are franchised and 11 are owned and operated by the master franchisor. Cash Converters International is set to acquire the Cash Converters New Zealand master franchisor for $15.5

Finance 246
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The Iconic COO to take helm of Flybuys

Inside Retail

Having worked at The Iconic, one of ANZ’s leading online fashion and lifestyle retailers, since 2014 as CFO, Acting CEO and currently COO, Lee oversees teams across different sectors, including finance, supply chain, operations and technology change programs.

Finance 246
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Citing ‘Market Instability,’ Walgreens Decides Not to Sell UK Retailer Boots

Retail TouchPoints

Despite “productive discussions” with a range of parties and “significant interest from prospective buyers,” WBA said current market instability was impacting the availability of financing, and as a result “no third party has been able to make an offer that adequately reflects the high potential value of Boots and No7 Beauty Company.”.

Marketing 255
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Amazon Appoints Insider as CEO of Worldwide Stores

Retail TouchPoints

Herrington joined Amazon as VP of Consumables in 2005, launched Amazon Fresh in 2007 and was promoted to SVP of Consumables in 2014. Felton has worked for nearly 18 years in Amazon’s retail and operations finance leadership. Another company veteran, John Felton, will now lead the company’s operations.