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Lowe’s Promotes Finance Exec to CFO

Retail TouchPoints

Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. Sink, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. His appointment reflects our succession planning process and the talent across our company.

Finance 272
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MAPIC 2022 concludes with strong industry attendance

Retail Focus

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.

Finance 182
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Inside MINISO’s ‘Joyful’ Omnichannel Expansion Plan

Retail TouchPoints

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?

Planning 237
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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

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. From 2004 to 2014 he served at Yum!

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Deloitte: Retailers Should Prepare for ‘Holiday Hangover’ in 2023

Retail TouchPoints

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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Asda’s Issa brothers borrow £7m more from EG Group to cover private jets

Retail Gazette

in 2022 to repay debt that was taken out to buy two private jets. All loans have been fully disclosed in the EG Group accounts, and continue to be so. EG Group lent the cash to personal private jet companies controlled by Mohsin and Zuber Issa last year, which are both located offshore in the Isle of Man, The Telegraph reported.

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How to Start a Craft Business in 2022

Small Biz Trends

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. Create a Formal Business Plan. Your craft business plan should detail everything from what you will sell to how you’ll reach customers.