Retail Focus

DECEMBER 5, 2022

With 2022 as the first year of MAPIC’s fully-fledged return post-pandemic, the atmosphere has been optimistic and energetic, with people looking forward to the experience of in-person retail and interactions. Each year, MAPIC hosts some of the retail real estate industry’s largest leasing announcements—and 2022 was no different.

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Small Biz Trends

JULY 21, 2022

If it does, then purchase order financing or PO financing is just the solution to quickly get the much-needed money to fulfill those orders. In this article, you will learn what purchase order financing exactly is, how it works, and the top purchase order financing companies, let’s dive in.

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Retail TouchPoints

NOVEMBER 3, 2023

spending forecast to climb 3%-4% over 2022, generating between $957.3 Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” billion spent in the 2022 holiday season. consumers spent online during holiday 2022. billion to $966.6 seen from 2010 to 2019. “It

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Retail TouchPoints

AUGUST 26, 2022

Dollar General has promoted John Garratt to President and CFO, effective September 1, 2022. 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. and net sales up 9% to $9.4

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Small Biz Trends

APRIL 28, 2022

Managing your company’s books requires teaching yourself special skills in different accounting software. And there are many different accounting software available. QuickBooks is one of the most popular accounting software packages and is specifically designed for small and medium level businesses. hours long.

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Retail TouchPoints

AUGUST 8, 2022

Plus size retailer Torrid has named Tim Martin to the role of COO and CFO, effective September 12, 2022. Martin brings 25 years of retail experience, most recently as EVP and CFO of Guitar Center , where he was responsible for accounting and finance, real estate, sourcing, distribution and logistics.

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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. 1, 2022 to ensure a seamless transition. Glaser will stay on until Oct.

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Retail TouchPoints

SEPTEMBER 15, 2022

19, 2022 to contribute to associates’ financial stability and help them manage their higher education debt, but reportedly they won’t be initially extended to unionized workers, according to Reuters. consumers who have borrowed to finance the education necessary to unlock the best career opportunities,” said Scott Thompson, CEO of Tuition.io

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Small Biz Trends

SEPTEMBER 9, 2022

The Handmade Crafts Industry in 2022. The handmade business industry is booming in 2022, with consumers looking for unique products and online marketplaces making them easily accessible. Open a Business Bank Account. Keep your business finances separate to make tracking easier. Source Supplies. Image: Envato Elements.

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Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. 1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. American Dream owner Triple Five Group has reportedly reached a deal with lenders to get a four-year extension for repaying its $1.7 million on Aug.

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Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. Deloitte found that 51% of lower-income earners and 38% of higher-income earners felt that their finances took a turn for the worse in 2022.

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Retail Gazette

FEBRUARY 14, 2024

in 2022, corporate filings show, on top of the £31m in unsecured loans it gave them to buy the planes in 2018, The Financial Times reported. EG Group said: “As previously disclosed to the Financial Times in 2022, loans to the [Isle of Man] companies are fully disclosed in the EG Group accounts and continue to be so.

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Hunton Andrews Kurth

APRIL 26, 2022

On March 31, 2022, the staff of the Division of Corporation Finance and the Office of the Chief Accountant of the SEC issued Staff Accounting Bulletin (SAB) No. She also questions why the staff used a staff accounting bulletin and not a more robust rulemaking process that allowed for public participation.

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Retail TouchPoints

NOVEMBER 3, 2021

Seun Sodipo will take the CFO job in February 2022. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. Kyle Leahy will join the company on Nov. 29 as its first-ever Chief Commercial Officer.

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Retail TouchPoints

OCTOBER 18, 2023

billion in 2022. Signifyd data shows that there was a 35% increase in false claims that an item never arrived in 2022 in Europe, and a 68% increase in false claims about the condition of a product. For instance, in 2019, Asos said it would begin deactivating the accounts of serial returners on its site. retailers $22.8

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Cisco Retail

MARCH 3, 2022

Many challenges lay ahead for financial services IT in 2022 and beyond. At the end of 2021, a New York City headquartered, 220-year-old bank was fined over $200 million in regulatory fees due to insecure practices – namely employees using non-corporate or personal email accounts to transact official business. Cisco can help.

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Inside Retail

NOVEMBER 30, 2021

The CERT report will add a new level of transparency and accountability for Australia’s largest companies’ performance against their voluntary emissions reduction targets,” Taylor said. “It The first report will be published in the second quarter of 2022, with only businesses that opt-in by the end of January to be tracked.

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Inside Retail

AUGUST 7, 2023

Australians lost more than $20 million to bank impersonation scams in 2022, according to Scamwatch , run by the Australian Competition and Consumer Commission (ACCC). Your online account has been compromised. Or they’ll try to coax access details for your account from you. An irregular payment has been detected.

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Retail TouchPoints

FEBRUARY 26, 2024

The total number of data breaches and leaks last year surpassed 2022’s numbers in September. They also set a good example by establishing a path toward greater accountability for both companies and competitors. For many companies, it is not a matter of “if” there is a data breach, but when. Stephen Reny is President and CEO of Acquia.

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Retail Gazette

JANUARY 2, 2024

The Sunday Times reports that Central, which jointly bought Selfridges with Austrian group Signa for £4bn in 2022, is keen to increase its position in the department store, although a spokesperson for the Thai group declined to comment.

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Inside Retail

FEBRUARY 21, 2024

million sqm] of leases, delivered 13 significant redevelopment projects, and completed several major financing transactions that reinforced our industry-leading balance sheet.” per cent from 2022. Macy’s, JCPenney, Dillard’s and Nordstrom are Simon’s top anchors, accounting for 209 stores in Simon malls.) per cent on the year.

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365 Retail

JANUARY 26, 2022

As we look ahead to 2022, the new year brings fresh challenges, as both businesses and consumers face ‘the big squeeze’. It’s time to reflect on and review what worked well in the past as we attempt to plan for continued uncertainty in 2022. . It is also important to have a good understanding of your finances.

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Retail TouchPoints

NOVEMBER 30, 2022

Mobile Accounts for More Than Half of Ecommerce Sales. Mobile in particular played a major role during Thanksgiving Weekend this year — the channel accounted for 51% of all digital sales during the period, up from 46% last year and topping 50% for the first time ever, according to Adobe Analytics. Indoor mall traffic was up 1.2%

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Rangeme

JANUARY 11, 2022

Make 2022 your company’s best year yet. How the retail and CPG workforce will look in 2022. Retail and CPG teams and their trading partners will be more collaborative and flexible in 2022. Will retail trade shows go ahead in 2022 ? What brand owners need to be doing differently in 2022. To help U.S. July 2, 2021.

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Retail TouchPoints

JUNE 8, 2023

They account for about one-third of legitimate transactions and around half of fraudulent transactions. Proxy transactions in sneakers also became riskier over the course of 2022. In addition, new customers are more likely to be fraudsters. Customers using proxy IP addresses are also vastly more likely to be committing fraud.

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Inside Retail

JANUARY 10, 2023

billion in Singapore in 2022, according to ResearchAndMarkets. He noted that the pandemic followed by surging inflation have adversely affected consumers’ disposable income, which is driving the demand for short-term financing, thereby benefiting BNPL service providers. “To per cent share in 2022 – up from 30.6 per cent in 2021.

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Inside Retail

DECEMBER 1, 2022

Transfer of funds to a transaction account or money transfer agency. Never refund a card transaction if: The customer asks you to refund the transaction in cash, to a bank account, through online international transfer services or different card. Staff working in HR, payroll or finance are most at risk. Be aware of refund fraud.

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Retail TouchPoints

FEBRUARY 7, 2023

6 securities filing, which would compound additional losses throughout 2022, according to The Wall Street Journal. Former Interim CFO Laura Crossen will continue as Chief Accounting Officer. The retailer reported a projected Q1 2023 comparable sales decrease of 30% to 40% in a Jan.

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Retail Gazette

FEBRUARY 1, 2024

It is understood the banks include a leading Italian institution that provided a three-year corporate overdraft that was agreed in March 2022 and is fully withdrawn, with the sum due to be paid back in March next year. A spokesman told The Telegraph: “Boohoo remains a strong, well-capitalised business with ample surplus liquidity.

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Inside Retail

NOVEMBER 19, 2023

To overcome, brands are focusing on selling fewer, more valuable items, relying on the 5 per cent of luxury consumers who, according to HSBC analysts, account for more than 35 per cent of their sales in China. This week, Burberry also flagged low double-digit growth due to a slowdown in luxury spending globally, and in China.

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Inside Retail

AUGUST 31, 2023

per cent over the first six months of 2022. The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. HomePro , which has a store fleet of 115 in Thailand and seven in Malaysia, had total revenue in the first half of the year of 37.2 billion baht.

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Retail TouchPoints

MARCH 28, 2022

At the end of February 2022, the company made a significant mark on the Big Apple, opening a 7,974-square-foot flagship in SoHo. MINISO is taking their preferences into account and offering products in more diverse forms and categories to cater to their needs.” RTP: What are MINISO’s brick-and-mortar goals for 2022?

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Inside Retail

NOVEMBER 23, 2021

Amazon said last week that it would stop accepting Visa credit cards issued in the United Kingdom from Jan 19, 2022, saying that despite technology advancements the fees on such transactions remained high or in some cases were rising.

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VMS

DECEMBER 14, 2022

consumers finds that a growing number are cutting their holiday spending to account for inflation. Those results were contained in Jungle Scout’s Consumer Trends Report for the fourth quarter (October-December) of 2022. A recently completed survey of more than 1000 U.S. Consumers will be more focused on financial security in 2023.

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Inside Retail

NOVEMBER 8, 2021

Four industries – energy, banking, insurance and materials – accounted for 83.5% They were generally the companies most exposed to the risk of climate change or which provide finance to these companies. of the resolutions, with the 139 resolutions recorded between 2002 and the first part of 2021 concentrated in only 28 companies.

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Mass Relators

JANUARY 30, 2023

John’s retirement comes after an outstanding career as an accomplished and trusted finance executive and most recently as our President and CFO,” Dollar General CEO Jeff Owen said. “On Garratt joined Dollar General in 2014 as Senior Vice President of Finance & Strategy and was named Executive Vice President and CFO in December 2015.

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Retail TouchPoints

MAY 24, 2023

As a result, they are looking for retail brands that make juggling their finances and reduced downtime easier and more enjoyable. The brand’s understanding of how people use its furniture, and for how long, led them to enter the second-hand market with their trash campaign in 2021 and subsequently the life collection in 2022.

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