Retail TouchPoints

MARCH 3, 2021

million in financing. In court papers , CFO Ronald Kruczynski said that prior to the pandemic, Paper Source “had been enjoying rapid expansion and sustained sales growth,” but that the company had “sustained deep damage to their finances and operations as a result of the ongoing COVID-19 pandemic.”. million reported in 2019.

Planning

Inside Retail

JULY 14, 2024

Hog’s Breath Cafe is looking to rebuild its restaurant footprint, and has plans to open another 20 restaurants by 2029. CEO Steven Spurgin told Franchise Executives reaching the milestone will depend on the economy and any external financing. Spurgin said “The brand had struggled; it closed 19 restaurants in 2019.

Planning

Retail TouchPoints

OCTOBER 4, 2021

4, Amazon is offering what the retailer calls “Black Friday-worthy” deals, along with Epic Daily Deals and an Amazon Holiday Prep Shop hub to help consumers organize their holiday gift-giving and event planning. For its part, Walmart plans to hire 150,000 new U.S. Beginning Oct. 10, coinciding with the launch of Target Deal Days Oct.

Shopping

Retail TouchPoints

JANUARY 18, 2024

Target has tapped Michael Fiddelke, who has served as the retailer’s CFO since November 2019, to add the COO role to his responsibilities. He will wear both hats until Target names a new finance chief. Current COO John Mulligan announced his retirement plans in October 2023.

Fulfillment

Retail TouchPoints

JANUARY 12, 2022

Home discount retailer Big Lots is returning to expansion mode after more than a decade of flat store growth, with plans to open as many as 500 new stores in the next six to seven years. The off-price chain plans to open approximately 50 net new stores this year, and ramp up the pace of expansion to about 80 stores per year thereafter.

Planning

Inside Retail

OCTOBER 13, 2021

As recently as 2019, over 70 per cent of the value of B2B sales in Australia occurred through trade credit. And with the functionality to record transactions ledger-to-ledger and integrate with your existing accounting and ERP systems, your business’s finances will be automatically updated every time a sale, refund or exchange is made. .

Payment Services

Inside Retail

SEPTEMBER 21, 2021

In 2019, third-party sellers generated roughly 60 per cent of Amazon’s product sales, double the percentage they represented a decade ago, Marketplace Pulse found. It has already acquired several e-commerce businesses in Australia, where it plans to focus its efforts. The numbers behind the business model. Fours levers to grow revenue.

Planning

Retail TouchPoints

SEPTEMBER 12, 2022

The funding, along with $3 million in convertible debt financing from certain Tuesday Morning leaders including CEO Fred Hand, will help the troubled retailer implement an omnichannel turnaround plan. We look forward to the partnership with REV and Ayon.”.

Finance

Retail TouchPoints

JANUARY 25, 2021

The retailer’s new owners plan to continue operating its corporate offices and will keep its management team and nearly all employees on board, according to The Wall Street Journal. Francesca’s entered into a $110 million loan credit agreement with Tiger Finance in August 2019 to enable a turnaround without the need for bankruptcy.

Finance

Retail TouchPoints

OCTOBER 28, 2020

Crevoiserat joined Tapestry as CFO in August 2019 from Abercrombie & Fitch , where she was EVP and COO from February 2017 to June 2019. Prior to joining Abercrombie & Fitch, she served in a number of senior management roles at Kohl’s , including EVP of Finance and EVP of Merchandise Planning and Allocation.

Finance

Retail TouchPoints

SEPTEMBER 6, 2024

The company announced plans to close 94 of its 300 stores immediately but had hoped to find a buyer for the remainder of the business. In 2019, LL Flooring agreed to pay $33 million in fines for misleading investors about levels of the chemical in its products.

Payment Services

Retail TouchPoints

DECEMBER 7, 2020

The company will continue operating during the process by utilizing a $25 million debtor-in-possession loan from Tiger Finance. The company will go forward with previously announced plans to close 140 stores and renegotiate a number of leases at other locations, which may result in further closings.

Finance

Retail TouchPoints

NOVEMBER 16, 2022

It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business. Square plans to announce additional details about the card in 2023. The new Square-specific Amex credit card, which will be powered by i2c Inc.

Merchant Services

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall, which opened after a years-long delay in October 2019 , struggled (as many retailers and malls did) with COVID-19’s impact on in-person shopping. 14 for one floor of a planned two-floor space. 1, 2023 $8.8

Payment Services

Retail TouchPoints

MARCH 15, 2021

for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020. Now Saadia Group is planning Lord & Taylor’s revival with a revamped website that initially will focus on women’s and men’s apparel, homewares and beauty, according to Women’s Wear Daily. “We

Returns

Inside Retail

NOVEMBER 4, 2021

Company reports for ASX-listed BNPL providers outline that the value of BNPL transactions grew by 55 per cent in 2019-20 , and in the last two financial years, BNPL transactions have tripled. Shift the financial risk with third-party business finance. Buy now pay later (BNPL) services have quickly become commonplace for consumers.

Payment Services

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams.

Finance

Retail TouchPoints

AUGUST 14, 2020

Rent the Runway’s decision to permanently exit brick-and-mortar retailing continues its plan to drive down expenses. In addition to driving consumers online, the pandemic has prompted consumers to rethink their spending patterns, with 79% planning to reduce their apparel budget in the coming year.

Apparel

Inside Retail

OCTOBER 19, 2023

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. billion since 2019.

Boutique

Retail TouchPoints

APRIL 24, 2023

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

Payment Services

Retail TouchPoints

APRIL 13, 2021

million in 2019 to $300.5 In January 2021, the company brought in finance veteran Kelly Kennedy as CFO. DTC will remain central to the company’s growth plans, which include strategies to increase ecommerce reach and international distribution. The Honest Co. In 2020, The Honest Co. saw revenue increase by 27.6% , from $235.6

Finance

Retail TouchPoints

AUGUST 31, 2022

Our planning and merchandising teams love the tool.” In fact, Simon described the planning and merchandising teams as the Daasity “power users,” as they need to access marketing, inventory and sales data in order to effectively update their strategies.

Merchant Services

Retail TouchPoints

JANUARY 14, 2021

KeHE joined SmartWay in 2019 and relies on its tools and approaches to track and reduce emissions and fuel usage. This year we’ve also enhanced our demand planning capabilities through Manhattan’s DFIO software. The system assists in spoils mitigation, reducing our waste.

Supply Chain Management

Retail TouchPoints

DECEMBER 28, 2021

Between March 2019 and June 2020, adoption of touchless payments , which includes contactless cards, mobile wallets and QR codes, increased 150%. Separately, the 2020 Small Business Credit survey, fielded in Q3 and Q4 of 2020, showed bank financing varies significantly based on owner race and ethnicity. This includes approximately 5.2

Payment Services

Retail Gazette

JANUARY 20, 2025

Mulberry group finance director Charles Anderson is set to step down from his role, after joining the luxury retailer in 2019. Anderson said: “I would like to thank the board and my colleagues for their support in my time as group finance director. The luxury handbag specialist’s losses swelled to 15.7m

Finance

Retail Gazette

MAY 20, 2024

The debt-financing bill was 23% higher than the £593m incurred in 2022. In the wake of the sale, the supermarket abandoned a EV charging agreement it had signed in 2019 with Equans EV Solutions, which is owned by the French conglomerate, which gave it exclusive rights to install chargers at 273 of its forecourts.

Planning

Retail TouchPoints

JANUARY 8, 2021

in 2019, 79.7% Although the fundamentals behind beginning a lifestyle business and a standard business are different, it’s important to note whether you’re chasing freedom or finance , both requirehard work. Step 1: Creating a plan for a solid foundation. Out of the 30.7 million small businesses in the U.S.

Clienteling

Inside Retail

SEPTEMBER 19, 2022

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. It is targeting 30 per cent annual sales growth by 2025. Since then, the brand has opened 10 more.

Fashion

Retail TouchPoints

DECEMBER 7, 2020

Overall, the four days from Thanksgiving through Sunday were down -49% compared to 2019. Black Friday, on the other hand, hurt — with only half as much traffic as in 2019. including as the Director of Corporate Store Operations and Finance. We saw steady improvement over the weekend as Saturday (Nov. 28) and Sunday (Nov.

Drop-Shipping

Inside Retail

MAY 14, 2024

Sustainability was embedded in every part of the brand’s Phoenix growth strategy, from financing to the entire supply chain. “We Focusing on that, we launched into this big plan to transition to exclusively using recycled silver and gold,” Twomey-Madsen said. We felt we had to do something quite radical.

Finance

Inside Retail

APRIL 13, 2022

B2B fashion e-commerce firm Zilingo has suspended its CEO, Ankiti Bose, after the company’s capital-raising plan led to questions about its accounting practices, according to Bloomberg. Questions were raised about the company’s finances during the due diligence process. .

Finance

Retail TouchPoints

FEBRUARY 2, 2023

Information is stuck in separate systems divided by function: finance, human resources (HR), operations and others. When asked what is most important for enabling faster cycles between planning, execution and analysis to boost overall performance, the most common response was technology to break down data silos.

Inventory Management

Retail TouchPoints

DECEMBER 13, 2021

In fact, Cornerstone Advisors found that Gen Z consumers using BNPL grew from 6% in 2019 to 36% in 2021, and millennials’ use of BNPL is up to 41%. BNPL is a financing option that makes sense from a consumer perspective. However, BNPL companies also offer “installment plans,” which are similar to credit card terms.

Payment Services

Inside Retail

JANUARY 19, 2022

The brand had big plans to turn itself around pre-pandemic only to be shot down by the ever-increasing financial distress and store closures due to Covid. Kevin Walsh, director of finance, expressed that some commercial landlords were ‘reasonable’ and willing to negotiate to make things workout in 2020 and last year. .

Finance

Inside Retail

FEBRUARY 19, 2023

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. Catch had around 450 employees when Wesfarmers acquired it in 2019, including around 200 head office staff.

Management

Retail TouchPoints

OCTOBER 15, 2020

compared to June 2019, as consumers continued to take to the web to shop for items for their patios and gardens, outdoor recreation, work-from-home needs, arts and crafts and more. Retailers Need to Anticipate Fraud Schemes. COVID-19 has caused consumer behavior similar to that of the holiday shopping season.

Payment Services

Retail TouchPoints

NOVEMBER 4, 2021

The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Shortages and Sticker Shock Heighten Holiday Stress. Stressed Consumers Spread Out Spending with BNPL.

Consumer