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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. Sink will work closely with Denton during the transition phase.

Finance 284
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Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

Finance 251
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Bed Bath & Beyond Promotes Two Executives to Top Finance Positions

Retail TouchPoints

One day after announcing the departure of CEO Mark Tritton , Bed Bath & Beyond has named Laura Crossen as its new SVP of Finance and Chief Accounting Officer, and Susie Kim as SVP of Treasury and Investor Relations. She replaces John Barresi, who resigned from the company effective June 10, 2022 to pursue another opportunity.

Finance 316
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From stock levels to financing: How interest rate hikes impact retail

Inside Retail

This was arguably felt in December 2022, which saw a 3.9 Partner at accounting firm Pitcher Partners Mark Harrison believes rising interest rates can also make it harder for retailers to obtain finance, as businesses are assessed as having a lower capacity to borrow funds. per cent drop in consumer spending.

Finance 246
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Retail leasing in 2022: Seismic shift or same-same?

Inside Retail

With recovery tempered heavily in 2022 by Omicron and flooding across NSW and Queensland. . Franklin Shanks, Australia’s largest occupier-only commercial property advisory, negotiates retail leases every day and helps retailers manage their store portfolios to ensure they meet current demands, minimise risk and have inbuilt flexibility.

Finance 253
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What Is Purchase Order Financing?

Small Biz Trends

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.

Finance 111
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Torrid CFO/COO Resigns; No Permanent Replacement(s) Announced

Retail TouchPoints

Paula Dempsey, SVP of Finance and Investor Relations, will take on the role of interim CFO until a permanent successor is named. She has extensive retail experience, most recently as SVP of Corporate Finance for Mattress Firm , which was purchased by Tempur Sealy earlier this month. For Q4 of its fiscal 2022, which ended Jan.

Finance 251