Retail Gazette

APRIL 9, 2024

Home Bargains owner TJ Morris has posted a rise in sales and profit as it pushes ahead with its expansion plan. from £3.4bn to £3.7bn in the year to 30 June 30, according to accounts filed with Companies House. during the period, up from £293m in 2022 to £332m. The Liverpool-based discounter saw its turnover jump 10.2%

Planning 113

Planning Accounting Shopping ATS 113

Retail TouchPoints

MAY 3, 2023

Children’s specialty retailer Carter’s plans to open more than 50 new stores across the U.S. To enable these omnichannel purchasing behaviors, Carter’s highlighted the investments it has made in its app, which now accounts for one quarter of all ecommerce sales, over the last few years. million in Q1 2022.

Planning 236

Planning Specialty Retailers Apparel Accounting 236

Small Biz Trends

NOVEMBER 29, 2022

The year is almost over, but there’s still time to take actions that can reduce your 2022 tax bill. Last-Minute Tax Actions for 2022. If you buy and place in service qualified equipment by December 31, 2022, you can deduct 100% of the cost; no depreciation over a number of years is required. Set up a retirement plan.

Payment Services 137

Payment Services Planning Accounting Returns 137

Retail TouchPoints

AUGUST 4, 2023

wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S. This omnichannel expansion comes on the heels of a strong fiscal 2022, with the retailer reporting $1.8 The outdoor goods retailer also will add Dillard’s and Moosejaw to its key U.S. billion in revenues.

Specialty Retailers 246

Specialty Retailers Wholesale Planning Outdoor 246

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?

Planning 223

Planning Consumer Marketing Accounting 223

Retail TouchPoints

JUNE 16, 2022

The company will end operations in New York City and Boston after June 19, 2022 and lay off approximately 50 of its 950 global office staff members. JOKR reportedly started exploring a sale of its New York operations in February 2022, people familiar with the matter told The Information. fulfillment centers.

Planning 266

Planning Fulfillment Accounting Marketing 266

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.

Finance 182

Finance Outdoor Consumer Accounting 182

Retail TouchPoints

JULY 20, 2023

When members of the restaurant’s loyalty program hover their palm over the reader, associates can pull up their MyPanera account information, greet the guest by name and provide a customized experience, including palm-based payment.

Payment Services 219

Payment Services Planning ATS Supermarket 219

Retail TouchPoints

JANUARY 9, 2023

America’s two largest drug store chains — Walgreens and CVS — have both confirmed that they plan to dispense the abortion pill mifepristone now that the Food and Drug Administration (FDA) has approved the medication for retail pharmacy sales. according to the Guttmacher Institute. (The ” Other large U.S.

Planning 162

Planning Accounting Marketing 162

Retail TouchPoints

MARCH 23, 2022

Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. 28, 2022, led by 15% growth in sales across the company’s owned digital and physical operations, referred to as Nike DIRECT.

Planning 264

Planning Wholesale Sporting Goods Accounting 264

Retail TouchPoints

JANUARY 18, 2024

The planned $24.6 billion merger of supermarket giants Kroger and Albertsons has faced pushback from federal regulators, state Attorneys General and labor unions practically from the moment it was first announced in October 2022. Top execs from both companies defended the merger in testimony to a U.S.

Grocer 241

Grocer Wholesale Supermarket Accounting 241

Inside Retail

JANUARY 27, 2024

million tonnes in the 2022 fiscal year. Ikea’s use of raw materials such as wood accounts for the biggest share (45.9 per cent) of the company’s emissions, with Ikea product use in customers’ homes accounting for 16.1 Ikea’s use of raw materials such as wood accounts for the biggest share (45.9

Accounting 246

Accounting Planning ATS Supermarket 246

Retail TouchPoints

NOVEMBER 9, 2022

Retailers have reason to be positive about the holiday season — Americans are still planning to spend about the same or more than last year on gifts, despite the fact that 93% are concerned about the economy and rising living costs, according to EY’s latest Consumer Future Index.

Consumer 226

Consumer Planning Fashion Accounting 226

Retail TouchPoints

MARCH 5, 2021

The company is planning to open 100 new stores this year while at the same time relocating or closing 25 existing stores, bringing the net total of new stores in 2021 to 75. We feel good about the merchandising and operational plans that we have developed for this smaller prototype. For the 13 weeks ended Jan. billion. “I

Planning 240

Planning Location Store Operations Accounting 240

Retail TouchPoints

JUNE 8, 2023

Sprouts currently operates more than 380 stores in 23 states and is looking to expand, with plans for new store growth of 10% annually beginning in 2024. Alongside that footprint reduction, Sprouts also plans to continue to invest in energy-efficient technologies to reduce its electricity usage in stores and distribution centers.

Accounting 254

Accounting Planning Marketing ATS 254

Retail TouchPoints

JANUARY 11, 2023

alone by 2024, accounting for 20% of total digital ad spend, according to Insider Intelligence. Among the new offerings are the debut of the Microsoft Retail Advertising Network , which will allow retailers to pull from a large pool of brand advertisers, and the piloting of an in-store retail media solution.

Advertising 281

Advertising Planning ATS Marketing 281

Retail TouchPoints

MARCH 7, 2024

Nestled among its Q4 2023 earnings was the news that Nordstrom plans to add a third-party marketplace to the Nordstrom.com website in April. “By over Q4 2022. The company’s digital business remains strong, accounting for 36% of sales in fiscal 2023. 3, 2024, with net sales increasing 2.2% over the same quarter last year.

Department Stores 234

Department Stores Accounting Planning Shopping 234

Small Biz Trends

APRIL 27, 2022

Small businesses need to offer a retirement savings plan for employees in order to stay competitive in today’s tight labor market. The federal government estimates that only a little more than half (53%) of businesses with less than 100 employees have a retirement plan for their workers. State-mandated retirement plans.

Planning 98

Planning Accounting Marketing ATS 98

Inside Retail

JUNE 25, 2023

After formally filing a request for the retail store in 2016, the global tech giant wanted to open the facility in 2020 but postponed the plans due to Covid-19 disruption. Furthermore, Apple is reportedly planning to open three additional stores in the coming years to strengthen its offline presence in India.

Planning 130

Planning Payment Services Marketing Consumer 130

Retail TouchPoints

JULY 27, 2022

Dollar General is planning to build three 1 million-square-foot distribution centers in an approximately $480 million combined investment to support the growing DG Private Fleet presence. Dollar General plans for the DG Private Fleet to account for 40% of all its drivers by early 2023. “We Aurora, Colo.; and Salem, Ore.,

Checkout 309

Checkout Kiosk Planning Accounting 309

Retail TouchPoints

JULY 14, 2023

billion in 2022 as well as the previous high of $37.1 billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). Families with children in elementary through high school plan to spend an average of $890.07 Consumers are expected to spend a record $41.5 set in 2021.

Discount Store 216

Discount Store Department Stores Planning Accessories 216

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

Accounting 119

Accounting Shipping Wholesale Finance 119

Retail TouchPoints

JANUARY 12, 2023

Mattress Firm has withdrawn its plans for an IPO this year, according to documents filed with the SEC. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

Marketing 284

Marketing Accounting Planning Returns 284

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. Retailers Must Show Economic Empathy.

Payment Services 326

Payment Services Promotions Consumer Inventory Management 326

Retail TouchPoints

MAY 1, 2024

The 2022 Bipartisan Infrastructure Law put up $7.5 Walmart, for example, has announced plans to add fast-charging stations at thousands of Walmart and Sam’s Club stores around the country, in addition to the stations it already has at 280 locations. The push to improve the charging experience in the U.S. That represented 7.6%

Consumer 163

Consumer Accounting Location Planning 163

Small Biz Trends

DECEMBER 14, 2022

This guide offers everything you need to know about taking advantage of the best small business tax deductions during the 2022 tax year. Types of Tax Deductions for the 2022 Tax Year. Small business owners and independent contractors can claim a number of tax deductions when filing their taxes for the 2022 tax year.

Payment Services 130

Payment Services Accounting Advertising Returns 130

Retail TouchPoints

JANUARY 24, 2023

EWS’ owners debated a plan to allow shoppers to use Zelle directly for online purchases last year, but decided not to move forward, WSJ previously reported. The new, as-yet-unnamed digital wallet will be launched with Visa and Mastercard debit and credit cards, with plans to add other card networks in the future.

Merchant Services 278

Merchant Services Payment Services Accounting Checkout 278

Retail TouchPoints

JULY 8, 2022

GameStop has named Diana Saadeh-Jajeh, the retailer’s Chief Accounting Officer, as CFO, effective immediately. After making more than 600 corporate hires in 2021 and the first half of 2022, we have a stronger understanding of our transformation needs,” said Matt Furlong, CEO of GameStop in the memo. year-over-year to $483.7

Accounting 272

Accounting Accessories Planning Marketing 272

Retail TouchPoints

JANUARY 25, 2024

Passwords are at the heart of the issue and account for 30% of all abandoned online purchases. Apple rolled out passkey support via the iCloud Keychain in macOS Ventura and iOS 15 in June 2022, and Google announced support for passkeys on Chrome and Android in May2023.

Payment Services 250

Payment Services Shopping Accounting Checkout 250

Retail TouchPoints

SEPTEMBER 6, 2022

2, 2022 after falling from his balcony. The retailer has named SVP and Chief Accounting Officer Laura Crossen as Interim CFO, according to a regulatory filing. Bed Bath & Beyond EVP and CFO Gustavo Arnal died on Sept. Arnal joined Bed Bath & Beyond in May 2020 alongside three other C-level leaders.

Accounting 212

Accounting Planning ATS Store Operations 212

Inside Retail

APRIL 28, 2021

Woolworths Group has pulled the plug on plans to open a Dan Murphy’s store in Darwin after an independent panel ruled that the development should not go ahead. The Gilbert Review has made it clear that we did not do enough in this community to live up to the best practice engagement to which we hold ourselves accountable.

Planning 234

Planning Supermarket Consumer Shopping 234

Retail TouchPoints

JANUARY 5, 2023

New perks include an Elite Support Line for prioritized exclusive assistance for business needs and account management services with personalized purchase support from Home Depot experts. The retailer plans to announce additional benefits for the Member, Elite and VIP tiers throughout 2023.

Accounting 235

Accounting Planning Management Shopping 235

Retail TouchPoints

NOVEMBER 18, 2022

million people plan to shop between Thanksgiving Day and Cyber Monday in 2022, representing 69% of all holiday shoppers, according to a survey conducted by the National Retail Federation (NRF) and Prosper Analytics. million people , 69% of those planning to shop across Thanksgiving weekend, heading out for deals.

Shopping 261

Shopping Department Stores Planning Accounting 261

Inside Retail

OCTOBER 18, 2021

All trends are pointing to an acceleration of e-commerce in 2022, making right now a critical time to prepare for the challenges and opportunities ahead. It will feature commentary by Klaviyo’s strategic account executive for SMS Navin Jain and Starshipit’s partnerships executive Sofia Newcombe.

Shipping 147

Shipping Checkout Merchant Services Customer Experience 147

Retail Gazette

MAY 3, 2024

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.

Payment Services 104

Payment Services Finance Accounting Location 104

Retail TouchPoints

JANUARY 3, 2023

2022 saw the fastest pace for inflation in decades. Specifically, bot operators continue to siphon retailer profits with increasingly sophisticated automated threats — including account takeover, web and API scraping and more. Fake Account Creation Bots can create fake accounts at scale which are then used to abuse retail promotions.

Merchant Services 294

Merchant Services Payment Services Accounting Checkout 294

Retail TouchPoints

APRIL 11, 2022

Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. His appointment reflects our succession planning process and the talent across our company. Sink has more than 20 years of finance and accounting experience, including 12 years at Lowe’s in roles across finance, strategy and accounting.

Finance 254

Finance Promotions Accounting Returns 254