Retail TouchPoints

FEBRUARY 16, 2023

British online fashion and beauty retailer ASOS has appointed its second interim CFO in four months as current interim CFO Katy Mecklenburgh plans to leave in May 2023 for another role. A central piece of the plan is a reorganized executive team that will simplify decision-making within the company.

Finance 317

Finance Fashion Planning Marketing 317

Retail TouchPoints

AUGUST 27, 2020

Bankruptcy Court for the Eastern District of Virginia has approved the J.Crew Group reorganization plan, paving the way for the parent company of J.Crew , J.Crew Factory and Madewell to emerge from Chapter 11 in early September. The plan provides $400 million in exit financing and $400 million in new term loans.

Finance 348

Finance Planning Store Operations Customer Experience 348

Retail TouchPoints

MAY 18, 2023

SHEIN has officially launched its Europe, Middle East and Africa (EMEA) headquarters in Dublin City Centre, Ireland and is planning to host approximately 30 pop-up store events across the region this year to boost its profile with customers. The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S.,

Planning 275

Planning Marketing Net Profit Finance 275

Retail TouchPoints

DECEMBER 18, 2020

Specialty retailer rue21 plans to open 15 stores in 2021, following the recent openings of three new brick-and-mortar stores. The amendment includes an increase to the FILO loan through a joint partnership with Bank of America and Tiger Finance. As of today, total liquidity exceeds $100 million.

Specialty Retailers 179

Specialty Retailers Finance Customer Experience Location 179

Retail TouchPoints

MAY 24, 2022

Livestreaming platform Firework has secured $150 million in Series B financing led by SoftBank Vision Fund 2 , bringing its total funding to-date to more than $235 million. In China, livestream commerce is already big business , generating more than $300 billion in sales in 2021 and representing 12% of ecommerce sales.

Finance 321

Finance Promotions Marketing Planning 321

Retail TouchPoints

JULY 1, 2022

When exclusive acquisition negotiations began in early June , FRG proposed $60 per share for Kohl’s, a valuation of $8 billion , eventually revising the proposal to $53 per share (but without definitive financing arrangements). In addition to ending the FRG talks, Kohl’s has revised its Q2 outlook downward.

Finance 288

Finance Planning Marketing 288

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.

Finance 306

Finance Shipping Planning Marketing 306

Retail TouchPoints

AUGUST 24, 2022

Hathaway has worked with Qurate since May 2021 in the SVP role, leading finance for QxH, the combined brand of QVC US and HSN, as CFO. Prior to working with Qurate, Hathaway spent 20 years at PepsiCo/Frito-Lay as VP of Financial Planning and Analysis for a multi-billion-dollar division of Frito-Lay North America.

Finance 302

Finance Promotions Planning ATS 302

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 182

Planning Checkout Finance Returns 182

Retail TouchPoints

APRIL 7, 2022

Long-time Zappos.com executive Scott Schaefer, who has been serving as the retailer’s acting CEO since December 2021, now has the job on a permanent basis. Prior to serving as the company’s acting CEO Schaefer was Zappos’ VP of Finance. His career with Zappos began 14 years ago as the company’s treasury analyst.

Promotions 274

Promotions Finance Planning Management 274

Retail TouchPoints

APRIL 25, 2022

Rite Aid’s concerns included that the Spear Point proposal provided no evidence of financing, required multiple months of exclusivity and then called for Rite Aid to spend months soliciting competing offers. The shareholders deserve more and we have a plan to give them that.”. I would love to hear it, as I suspect shareholders would.

Finance 287

Finance Management Planning Marketing 287

Retail TouchPoints

OCTOBER 18, 2023

Clarke joins AEO from PVH Corporation where she served as Global Chief Supply Chain Officer from 2021. and Canada, as well as brand finance and strategy and merchandise planning. She will have full accountability for AEO store operations across the U.S.

Finance 278

Finance Accounting Store Operations Planning 278

Retail TouchPoints

AUGUST 2, 2021

Square plans to purchase buy now, pay later (BNPL) provider Afterpay in an all-stock deal valued at approximately $29 billion. 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.

Merchant Services 317

Merchant Services Payment Services Checkout Finance 317

Retail TouchPoints

JANUARY 15, 2021

But when looking at these numbers, the excess data can feel overwhelming, so we’ve rounded up the most important retail metrics to leverage in 2021. Evaluating 2020 Metrics and Planning for 2021. This is a chance to get your entire team in one room and plan for 2021 together. Website traffic: More than 4.5

Payment Services 165

Payment Services Promotions Shipping Planning 165

Retail TouchPoints

JULY 1, 2022

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. Johnson had hoped to expand into new categories and markets, but the tides quickly turned after the company went public via SPAC in October 2021. as of July 1, 2022.

Telecommunications 325

Telecommunications Finance Store Operations Consumer 325

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 246

Finance Fulfillment Planning Store Operations 246

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 200

Finance Boutique Location Planning 200

Retail TouchPoints

MAY 10, 2021

Chang, Relich and Olson will assume their new positions on June 1, 2021, following the expected completion of the sale of PSEB’s sale of Eddie Bauer to Authentic Brands Group and SPARC group. Relich will oversee operations, including sourcing/supply chain, distribution, planning and allocation, IT, finance, legal and human resources.

Specialty Retailers 264

Specialty Retailers Finance Promotions Marketing 264

Retail Gazette

APRIL 23, 2024

John Lewis executive finance director Bérangère Michel has resigned from the Partnership after 16 years. I have loved every moment of my time in both Waitrose and John Lewis and am extremely grateful for a varied, exciting and impactful career across supply chain, shops, finance and many other teams.

Finance 116

Finance Planning Shopping Department Stores 116

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.

Checkout 278

Checkout Advertising Finance Consumer 278

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.” Supply chain disruptions moved front and center for retailers in 2021, creating vulnerabilities for large and small business owners alike.

Shipping 305

Shipping Finance Customer Experience Consumer 305

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 264

Finance Payment Services Accounting Returns 264

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 278

Merchant Services Finance Advertising Marketing 278

Talking Retail

JULY 22, 2021

The government has said it will introduce extended powers for trading standards officers as well as a new track and trace penalty for non-compliant products in the Finance Bill 2021/22. The plans follow a consultation launched. This story continues at Plan to crack down on tobacco smuggling welcomed.

Planning 122

Planning Finance ATS 122

Retail TouchPoints

MARCH 15, 2021

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. Childrenswear, fashion accessories and footwear will join the mix in the second half of 2021.

Returns 279

Returns Department Stores Apparel Finance 279

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. Budget and finances — traditionally shoppers’ biggest worries — have given way to concern over out-of-stock items. But all is not lost for them and we’re here to tell you why. Gift cards. Subscription boxes.

Shopping 264

Shopping Shipping Finance Advertising 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 Nearly all ( 97% ) of Thanksgiving Weekend shoppers were making holiday-related purchases and they spent an average of $325 each, 8% more than the approximately $300 average spend in 2021.

Accounting 264

Accounting Promotions Outdoor Finance 264

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. DTC will remain central to the company’s growth plans, which include strategies to increase ecommerce reach and international distribution.

Finance 279

Finance Consumer Location Planning 279

Retail TouchPoints

AUGUST 3, 2021

Consumers’ recently sharpened appetite for sustainable products and environmentally responsible companies has been good news for Stojo, which was named #32 on the Financial Times 2021 list of fastest-growing companies in the Americas. Swarts shared how Stojo plans to make its products “Tupperware 2.0 RTP: What’s next for Stojo?

Consumer 336

Consumer Shipping Finance Planning 336

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 247

Apparel Returns Finance Accessories 247

Retail TouchPoints

AUGUST 3, 2022

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. The global market for BNPL services was $125 billion in 2021 and is expected to reach $3.2 Delayed gratification predicts nothing.

Payment Services 277

Payment Services Finance Point of Sale Checkout 277

Inside Retail

MAY 5, 2022

SEND has faced some unique financing challenges given the composition of its international investors.”. Send was founded in early 2021 and by August last year, had secured a $3.1 At the time, founder Rob Adams told SmartCompany the startup planned to open up to 30 grocery fulfillment centres by the end of the year.

Finance 258

Finance Fulfillment Supermarket Location 258

Inside Retail

JUNE 20, 2024

The RBA has already signaled it would like surcharging to become commonplace in the BNPL sector, finding in 2021 that the benefits of no-surcharge rules to new market entrants were overruled by efficiency and competition costs. Even so, “there is still more work for some providers to do.

Merchant Services 264

Merchant Services Payment Services Finance Consumer 264

Retail TouchPoints

JANUARY 13, 2021

By the second half of 2021, Walgreens will launch credit cards, issued by Synchrony, as well as a prepaid debit card, both of which will be powered by the Mastercard network. The new cards will be the first in a range of new financial products and services planned by Walgreens.

Point of Sale 179

Point of Sale Finance Planning Management 179

Inside Retail

SEPTEMBER 27, 2023

In the heart of Hong Kong, where the bustling finance world meets the city’s rich tapestry of artistic expression, Lululemon’s flagship store at IFC mall stands as a testament to the brand’s evolution since it opened its doors in 2015. million in 2021 to US$247.48 million by 2028, reflecting a CAGR of 10.5

Planning 130

Planning Finance Apparel Marketing 130

Retail Gazette

MAY 20, 2024

Back in October 2021, private equity firm Clayton Dubilier & Rice (CD&R) won an auction to buy Morrisons in a deal valued at £7bn , and the grocer’s most recent financial report showed it had £8.5bn in debt at the end of October last year. The debt-financing bill was 23% higher than the £593m incurred in 2022.

Planning 117

Planning Payment Services Supermarket Grocer 117

Retail TouchPoints

MARCH 17, 2021

With a mission to “grow the GDP of the internet,” Stripe plans to use the new funding to invest in its European operations, continue to build out its Global Payments and Treasury Network and expand services in a host of markets including Brazil, India, Indonesia, Thailand and the UAE. The company has raised $2.4

Payment Services 218

Payment Services Finance Planning Management 218