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Ron Johnson’s Enjoy Technology Files for Bankruptcy, Set to be Sold

Retail TouchPoints

Back in 2016, Ron Johnson was asked in a fireside chat at Shoptalk about the biggest mistake he had ever made. The ultimate plan is to sell to the highest bidder. million bridge loan and a financing commitment of $55 million from tech services company A s urion. Ron Johnson, CEO and co-founder of Enjoy Technology.

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From Obligation to Opportunity: Make Compliance Your Biggest USP

Retail TouchPoints

Today’s world has shown us how geopolitical issues, outbreaks of conflict, terrorism and large-scale organized crime (including cybercrime) are becoming increasingly entwined with fraud, compliance and risk management. The fact is that many fintechs and non-finance businesses simply don’t want the hassle of doing compliance by themselves.

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Hotter Shoes CEO and CFO depart after pre-pack deal

Retail Gazette

Manson was the retailer’s chief financial officer between August 2016 and February 2022 as well as from October 2022 onwards. The retailer drafted advisors from Interpath last last month to start preparing emergency restructuring plans after it terminated a formal sale process of its Hotter Shoes brand.

Finance 98
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Roark Capital to buy sandwich chain Subway for up to US$9.55 billion

Inside Retail

market where it remains well below the peak it hit a few years ago”, said Neil Saunders, managing director of market research firm GlobalData. In 2021, the chain launched a menu overhaul and splashy marketing campaign as it embarked on a turnaround plan that has helped sales grow. billion appeared first on Inside Retail.

Finance 246
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Four Ways Retailers can Leverage Generative AI to Transform their Business Today

Retail TouchPoints

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Creating a seamless inventory management journey.

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Dollar General promotes 18 executives

Mass Relators

In this role, Connolly will assist with all aspects of securities disclosure and compliance, as well as NYSE listing compliance, corporate governance, management of DG’s Board and its committees. Melanie Cook Brian Haug Brian Haug has been promoted to senior vice president, margin planning and analytics.

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How Wesfarmers took Catch from profitable to loss-making in four years

Inside Retail

Inside Retail was the first to report earlier this month that Wesfarmers has cut 100 jobs at Catch , with the redundancies impacting key departments including marketing, product and technology, and finance. One former Catch employee, who wished to remain anonymous, said it was a repeat of Wesfarmers’ failed takeover of Homebase in 2016.