Retail TouchPoints

DECEMBER 13, 2021

With retailers already pushing out holiday sales to entice consumers to buy early and avoid delivery delays due to supply chain congestion, one tactic that they will lean on to entice customers is buy now, pay later (BNPL). BNPL Can Have an Effect on Consumers and Retailers.

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Retail TouchPoints

MAY 3, 2021

Roe CFO, effective June 1, 2021. Roe will have responsibility for all finance functions and lead the retailer’s Strategy and Consumer Insights teams. for 25 years in positions including VP, Controller and Chief Accounting Officer; VP of Finance for the Jeanswear and Imagewear Coalitions; and CFO of the International Business.

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Retail TouchPoints

AUGUST 2, 2021

The Melbourne, Australia-based company currently serves more than 16 million consumers and nearly 100,000 merchants worldwide. This also gives them a financing option where they can control the parameters of how much to ‘lend’ and who to lend to. The transaction is expected to close in Q1 2022, subject to customary closing conditions.

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Retail TouchPoints

DECEMBER 22, 2022

Linnartz was appointed President of Marriott in 2021 and currently is leading the hospitality brand’s multi-billion dollar technology transformation, designed to improve customer experience, drive topline revenue and increase operational efficiency. Linnartz will officially join the athletic performance brand on Feb. ” .

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Retail TouchPoints

OCTOBER 18, 2022

Miller led the home goods retailer as President and CEO from September 2015 to August 2021, when Holt took over. He then served as Executive Chairman from August 2021 until April 2022. The company is clearly hoping for some similar magic with Miller’s second turn at the top spot.

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Retail TouchPoints

JANUARY 6, 2022

Yahoo has partnered with ecommerce enablement software MikMak to offer add-to-cart functionality and ecommerce analytics for advertising campaigns on its properties, which include Yahoo Finance, TechCrunch and AOL.

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Retail TouchPoints

AUGUST 9, 2022

CFO Scott Roe, with 30 years of retail finance and operations experience under his belt, will take on the COO role in addition to his current responsibilities, effective immediately. The company’s Strategy and Consumer Insights team, which formerly reported to Roe, will now fall under the purview of CEO Joanne Crevoiserat.

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Retail TouchPoints

JULY 1, 2022

million bridge loan and a financing commitment of $55 million from tech services company A s urion. The idea was to bring the store experience to consumers’ homes via a technology-powered “mobile store” operation, with an initial focus on telecommunications and consumer electronics ( AT&T and Apple are partners in the U.S.).

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Retail Gazette

JANUARY 3, 2025

It added thatsofter consumer demand required the business to increase its promotional activity to shift stock. Apollo had helped to finance The Carlyle Groups purchase of a majority stake in the brand back in 2021, which valued the business at 750m. It closed the year with 62m of stock, down from 92.7m.

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Retail TouchPoints

AUGUST 31, 2021

Walgreens Boots Alliance (WBA) has made a series of new executive appointments that include the creation of the role of Chief Customer Officer for Walgreens , responsible for the customer experience across all consumer touch points. Newly appointed SVP and CFO Gruener will lead the finance organization for Walgreens.

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Retail TouchPoints

DECEMBER 1, 2021

The pandemic has brought about long-term changes for both business operations and consumer expectations, and 2021 taught us how far removed we are from ever returning to the old “normal.” Business leaders have their eye on other factors like the acceleration of consumer spending and lingering economic challenges.

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Retail TouchPoints

APRIL 13, 2021

Ethical consumer goods brand The Honest Company filed for its long-anticipated IPO on April 9, 2021. In January 2021, the company brought in finance veteran Kelly Kennedy as CFO. Building a brand based on conscious consumers was considered niche and not scalable. According to the SEC filing , The Honest Co.

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Finance Consumer Location Planning 279

Retail TouchPoints

NOVEMBER 16, 2022

Last year, consumers reported spending more than $23 billion shopping small on Small Business Saturday, and we want to exceed that in 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.

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Retail TouchPoints

AUGUST 3, 2021

Modular replacement parts are available, allowing consumers to repair broken items rather than simply tossing them away. Packaging is made from post-consumer paper, printed with vegetable-based inks and uncoated for 100% recyclability. for millennial and Gen Z consumers” with products people are “proud to use.”.

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Retail TouchPoints

AUGUST 25, 2022

The retailer filled two top finance positions in June 2022 , but its stock price tumbled earlier this month when activist investor Ryan Cohen, head of RC Ventures, revealed he was selling his 11.8% The retailer’s problems also have been exacerbated by former CEO Tritton’s plan, revealed in March 2021, to emphasize private label brands.

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Retail TouchPoints

AUGUST 3, 2022

Which is great news for consumers who are unabashed fans of buy now, pay later, also called BNPL. Buy now, pay later is short-term financing that allows people to buy everyday items like home goods, electronics and clothes in low to no interest monthly installments — and receive the goods immediately. It’s just…delayed gratification.

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Payment Services Finance Point of Sale Checkout 277

Retail TouchPoints

DECEMBER 8, 2021

With that in mind, retailers are wise to spend the 2021 holiday run-up leaning into non-physical gift options for customers. Top Consumer Stress Factors. Let’s back up for a moment and consider some recent pre-holiday consumer data. Let’s back up for a moment and consider some recent pre-holiday consumer data. Gift cards.

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Retail TouchPoints

AUGUST 25, 2021

The term rose to the surface last year as 2020’s unique confluence of events drove consumers toward shopping alternatives that were both environmentally friendly and economically feasible. The consumer is changing, the way that they purchase is going to change,” he said. “We In the retailX keynote session on Wednesday, Aug.

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Retail TouchPoints

JANUARY 30, 2025

Gordon Brothers is most commonly known for its work helping companies through bankruptcy, handling things like restructuring, financing and asset liquidation. That work began in 2021 through a strategic relaunch at UK retailer Next. It’s really fun and energizing to rejuvenate and reimagine these brands, said DAngelo.

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Retail TouchPoints

OCTOBER 21, 2022

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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Merchant Services Payment Services Checkout Finance 338

Retail TouchPoints

DECEMBER 27, 2021

The risks of climate change took center stage during 2021, as UN scientists linked global warming directly to human activities. This is likely a reflection of heightened consumer price sensitivity in these subsegments. Discretionary purchases are increasingly subject to a higher bar of consumer decision-making.

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Supply Chain Management Consumer Management Fashion 357

Independent Retailer

OCTOBER 19, 2022

Determining the right mix of financing options comes down to having a deep understanding of your customer and your product set. Nearly half (46%) of consumers surveyed said they are more likely to purchase from retailers who offer a variety of financing options. by Mike Rittler. by Mike Rittler. The Federal Reserve and the U.S.

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Finance Payment Services Promotions Consumer 98

Retail Times

JUNE 10, 2021

Hitachi Capital Consumer Finance (HCCF), one of the UK’s leading retail point of sale provider today announces impressive profits of £60.2m The results and continued investments during the period leave the business well positioned to grow in 2021/22 as lockdown measures ease and consumer confidence returns.

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Finance Consumer Point of Sale Returns 77

Inside Retail

OCTOBER 15, 2023

US-based retailer Showfields, the self-described “most interesting store in the world”, filed for bankruptcy this month and will be restructuring through a form of Chapter 11 bankruptcy created during Covid to help small businesses continue operations, reorganise, and maintain control of finances without creditors taking over.

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Inside Retail

JUNE 20, 2024

The review will focus on surcharging, Connolly said, given the rapid development of payment systems available to merchants and consumers. The RBA’s surcharging regulations aim to encourage consumers to use lower-cost payment methods and strengthen the bargaining position of merchants relative to payment system operators,” he said.

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Merchant Services Payment Services Finance Consumer 264

Retail TouchPoints

NOVEMBER 30, 2022

million shoppers went shopping for great deals, compared to 179 million in 2021 and 30 million more than the projected turnout of 166.3 Black Friday was a very big day and this continues to be an incredibly important bellwether, reflecting both the consumer psyche as well as the strength of our economy.”. More than 122.7 More than 122.7

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Retail TouchPoints

AUGUST 14, 2020

At the beginning of the pandemic, CEO and Cofounder Jennifer Hyman cut costs by 51% , raised additional financing and scaled back capital outlay by shifting from buying merchandise to a revenue-sharing consignment model, according to a July 2020 article in The Wall Street Journal.

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Retail TouchPoints

APRIL 12, 2022

In reality, only 9% of the plastic consumed ever gets recycled. He led the post-acquisition integration and implemented operational and financial efficiencies that drove both sales growth and profit improvement, and in June 2021 Cervantes took on the additional role of Acting CEO at Murad.

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Finance Accounting Consumer ATS 277

Retail TouchPoints

JANUARY 27, 2022

One of the best resolutions brands can make — at new year’s or any time — is to be more cognizant and responsive to shifting trends in consumer priorities. Awareness of the global climate crisis has reached critical mass, particularly among younger generations, and that has made consumers more environmentally conscious.

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Retail TouchPoints

AUGUST 18, 2022

But now, as BNPL offerings — and consumers’ understanding of them — mature, the explosive growth of the last two years is slowing. With inflation and interest rates on the rise, a more nuanced approach to BNPL is emerging, and experts say that’s a good thing for both consumers and retailers. In fact, 50% of U.S

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Retail TouchPoints

MARCH 1, 2022

And this year saw a welcome focus on not just identifying these brands but also creating the tools and infrastructure that would allow them to scale: the nuts and bolts of sourcing, distribution, financing and placement on store shelves and ecommerce websites.

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Retail TouchPoints

FEBRUARY 15, 2022

14, Levi’s responded via email to an inquiry from Yahoo Finance , highlighting the fact that Sey had resigned and announcing that Seth Ellison, the company’s EVP and Chief Commercial Office, would be assuming the role of Brand President on an interim basis until a replacement was found: “LS&Co.

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Retail TouchPoints

MAY 18, 2023

Nearshoring is a key component of SHEIN’s business model, allowing the company to maintain the speedy fulfillment times that have helped drive its popularity with consumers. SHEIN also is planning to host 30 or so pop-up events across EMEA this year, to allow “consumers to experience products first-hand.”

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Retail TouchPoints

JUNE 18, 2020

Daniel Grieder has stepped down from his post as CEO of Tommy Hilfiger Global & PVH Europe to take on the CEO role at Hugo Boss AG beginning June 1, 2021. He possesses all the qualities required to steer Hugo Boss back to sales and profit growth and to increase the desirability of our brands for end consumers.”.

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Finance Brand Management Management Consumer 207

Retail TouchPoints

JANUARY 11, 2022

But ongoing pressure from consumers, employees and even regulators has forced businesses — especially retailers — to reprioritize sustainability along with broader corporate social responsibility (CSR) strategies. Consumer Demands Accelerate Sustainability Priorities. of purchases.

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Inside Retail

DECEMBER 14, 2021

But if you took a punt and bought shares in any of them over 2021, there’s a good chance you’ve lost money. The state of the sector isn’t as bad, however, as suggested by news reports claiming stock have plunged an average of 80% in 2021. Which is bad for consumers, but potentially good for profits. Low profitability.

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Merchant Services Payment Services Finance Marketing 130

Retail TouchPoints

SEPTEMBER 29, 2022

In 2021, the company closed Series B financing, setting the stage for the brand’s 97% YoY growth for the year. Its wireless bras have grown in popularity among consumers as the demand for comfortable intimates options continues to grow. billion in the U.S.

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