Retail TouchPoints

MARCH 27, 2023

In fact, embedded finance will be a $777 billion opportunity by 2029. What’s really exciting about embedded finance is the simplicity of making complex payments accessible to a wide range of people and businesses, and the creative innovations that are opening new use cases and new opportunities. So how can businesses get a piece of it?

Payment Services 264

Payment Services Finance Consumer Accounting 264

Retail TouchPoints

DECEMBER 1, 2021

But it’s not just COVID-related challenges that are putting stress on the market. Retailers in 2022 will need to take a proactive approach to limiting supply chain risk and reexamine their continuity plans to improve supply chain resiliency. Think of it like a resurgence of the P.O. box for the digital retail age.

Shipping 305

Shipping Finance Customer Experience Consumer 305

Retail TouchPoints

MARCH 10, 2023

million in debtor-in-possession (DIP) financing from 1903 Partners LLC together with its affiliates, Gordon Brothers. 1, 2022, revealed net sales of $157.1 compared to Q1 2022. Off-price home goods retailer Tuesday Morning , which filed for bankruptcy in February 2023 , has received $12.5 million , down from $176.9

Finance 246

Finance ATS Marketing 246

Retail TouchPoints

JUNE 28, 2022

The company had announced that it was exploring strategic alternatives for the UK-based businesses in January 2022 as it turned its attentions to “focusing our portfolio, optimizing our capital allocation and accelerating our transformation to healthcare.”.

Marketing 278

Marketing Finance ATS 278

Inside Retail

FEBRUARY 13, 2023

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

Finance Fashion Marketing Accounting 246

Inside Retail

MARCH 28, 2022

The drive to e-commerce, covid relief legislation, months of forced store closures in major markets, and retailers closing their doors permanently throughout 2020-21, all contributed to heavy disruption in the retail leasing sector. . With recovery tempered heavily in 2022 by Omicron and flooding across NSW and Queensland. .

Finance 253

Finance Marketing Management 253

Retail TouchPoints

FEBRUARY 16, 2023

Glithero has led large finance functions at businesses including Auto Trader Group , Funding Circle Holdings and, most recently, as CFO of fellow British fashion retailer MatchesFashion. The company outlined its “Driving Change” transformation strategy in its October 2022 annual report. ASOS experienced a year of declining sales.

Finance 317

Finance Fashion Planning Marketing 317

Retail TouchPoints

JULY 1, 2022

Kohl’s is off the sales block following the end of talks with Franchise Group (FRG) , which has been the highest bidder for the company since the retailer began seeking a buyer in January 2022. WBA noted it would change course due to market challenges that had erupted since it began searching for buyers in January 2022.

Finance 288

Finance Planning Marketing 288

Retail TouchPoints

AUGUST 25, 2022

Citing sources familiar with the matter, WSJ reported that the retailer has selected a lender following a marketing process conducted by JPMorgan Chase & Co. BB&B was exploring a sale in April 2022, but that now seems to be off the table. stake in the company.

Finance 306

Finance Shipping Planning Marketing 306

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

OCTOBER 19, 2022

2, 2022, which will allow her to stay through the retailer’s Q3 2022 financial reporting. Over the course of her 33-year career, Bramman has worked in different areas of finance with companies including Henri Bendel and Victoria’s Secret when the brands were part of L Brands.

Finance 278

Finance Accounting Management ATS 278

Retail TouchPoints

MAY 18, 2023

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. In 2022, SHEIN opened three new distribution centers, in Poland, Italy and the United Arab Emirates, bringing the total number of SHEIN “nearshoring bases” in EMEA to eight.

Planning 275

Planning Marketing Net Profit Finance 275

Retail TouchPoints

NOVEMBER 16, 2022

Meta also will highlight businesses from its Meta Business Leaders Network in the new 2022 Smalliday Showcase gift guide, and provide small businesses with advice on advertising effectively with its SMB Holiday Marketing Guide. The new Square-specific Amex credit card, which will be powered by i2c Inc. small business owners.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

Retail TouchPoints

DECEMBER 3, 2021

The outdoors retailer also has promoted Kelley Hall to EVP and CFO, and named Vivienne Long to SVP and Chief Marketing Officer. Hall joined REI in 2019 and currently leads strategy, sustainability and finance. Long also joined the company in 2019 to lead its marketing organization and membership work. Cameron Janes.

Outdoor 287

Outdoor Finance Promotions Marketing 287

Retail TouchPoints

JUNE 7, 2022

The exclusive period was set to allow Franchise Group and its financing partners to finalize their due diligence and financing arrangements before the parties enter into a binding agreement. Franchise Group reportedly made a $9 billion bid in April 2022, people familiar with the matter told Reuters. share price as of June 6.

Home Furnishings 273

Home Furnishings Finance ATS Management 273

Retail TouchPoints

SEPTEMBER 6, 2022

2, 2022 stock price. The deal, which will take ChannelAdvisor private, is not subject to financing conditions and has been approved by both companies’ boards. CommerceHub has agreed to purchase the 27.5 million outstanding shares of ChannelAdvisor in a cash deal for $23.10

Finance 277

Finance Management Marketing Fulfillment 277

Retail TouchPoints

JULY 1, 2022

Six years later, Johnson might answer that question differently — his “commerce-at-home” startup Enjoy Technology filed for bankruptcy on June 29, 2022, after a series of setbacks including staffing shortages and dwindling liquidity. million bridge loan and a financing commitment of $55 million from tech services company A s urion.

Telecommunications 325

Telecommunications Finance Store Operations Consumer 325

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

Promotions 264

Promotions Finance Accounting Management 264

Retail TouchPoints

DECEMBER 22, 2022

Under Armour has appointed Marriott International President Stephanie Linnartz as its President, CEO and member of its board of directors following a search that began in May 2022. 27, 2023, succeeding Patrik Frisk, the former President, CEO and member of the board of directors who stepped away from the role in June 2022.

Finance 289

Finance Customer Experience Consumer Marketing 289

Retail TouchPoints

JULY 2, 2024

billion after its last funding round in May 2022. I’m going to flood the market with an undercut of the same product.’ The innovation that we at Faire brought to the market was offering free returns and net-60 payment terms. Since its launch in 2017, the platform has raised more than $1.29 billion and was valued at $12.59

Wholesale 264

Wholesale Merchant Services Marketing Payment Services 264

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.

Finance 270

Finance Store Operations Apparel Accounting 270

Retail TouchPoints

FEBRUARY 15, 2023

million of debtor-in-possession financing to support ongoing operations during the proceedings. The restructuring process will enable Tuesday Morning to optimize its store footprint and focus on its “core and heritage markets.” 1, 2022, compared to Q1 2022. in Q1 2023, which ended Oct.

Finance 277

Finance Marketing Management Store Operations 277

Retail TouchPoints

NOVEMBER 8, 2022

At the time of Berger’s September 2022 appointment as Director of Tuesday Morning, the company had received a $32 million investment from Retail Ecommerce Ventures (REV), parent company of Pier 1 Imports , Linens ‘n Things and Stein Mart , and Ayon Capital. and Director of Rocky Mountain Chocolate Factory, Inc.

Finance 290

Finance Marketing Management ATS 290

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.

Payment Services 359

Payment Services Promotions Consumer Inventory Management 359

Retail TouchPoints

AUGUST 18, 2022

Cohen — who is also the Chairman of GameStop and Founder of Chewy.com — first revealed his sizeable stake in the company in March 2022, when he sent a letter to then-CEO Mark Tritton expressing concern about the company’s performance and urging the sale of buybuy BABY , among other changes. Shares of Bed Bath & Beyond Inc.

ATS 278

ATS Finance Planning Marketing 278

Small Biz Trends

MAY 28, 2022

TECHSPO ATLANTA 2022 is a two-day event that will showcase the developers, brands, marketers, technology providers, designers, innovators, and evangelists of upcoming technologies. TECHSPO Atlanta 2022 Technology Expo (Internet ~ Mobile ~ AdTech ~ MarTech ~ SaaS). June 30, 2022, Atlanta, Georgia. Strategic Marketing 2022.

ATS 140

ATS Finance Marketing Returns 140

Retail TouchPoints

AUGUST 31, 2022

27, 2022, has announced a combination of store closures and layoffs designed to reduce its SG&A (selling, general and administrative) expenses by $250 million in fiscal 2022. As of May 28, 2022, the retailer operated a total of 955 stores, including 769 Bed Bath & Beyond locations.

Customer Retention 289

Customer Retention Finance Fulfillment Planning 289

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.

Finance 278

Finance Accounting Management Consumer 278

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. She also will draw upon prior experience at roles in private equity firms to help the retailer continue scaling its business.

Finance 264

Finance Payment Services Accounting Returns 264

Inside Retail

MAY 12, 2022

Italian luxury shoe maker Tod’s sees analysts’ expectations for 2022 sales and profitability as achievable despite a marked slowdown in China due to widespread Covid-19 restrictions, its finance chief said. The analyst consensus is for 2022 sales of around 970 million euros and a 5 per cent EBIT margin.

Marketing Spend 130

Marketing Spend Finance Advertising Marketing 130

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. for the Nov.

Finance 264

Finance Accounting Consumer Promotions 264

Retail TouchPoints

DECEMBER 8, 2022

For example, in 2018 global B2B payments hit $125 trillion, while the global consumer payments market only reached $52 trillion. Government officials said in September 2022 that they aim to regulate lenders in the same way they monitor credit card companies. . But this is all technically focused on consumer lending.

Payment Services 305

Payment Services Finance Consumer Returns 305

Retail TouchPoints

AUGUST 2, 2021

The transaction is expected to close in Q1 2022, subject to customary closing conditions. market and greater access to in-person transactions, via Square’s customer base of 70 million annual active Cash App end users and millions of sellers. Afterpay will gain a stronger foothold in the U.S.

Merchant Services 317

Merchant Services Payment Services Checkout Finance 317

Retail TouchPoints

NOVEMBER 30, 2021

She will assume her new role as Chairwoman on April 1, 2022. Pérez, the daughter of Inditex founders Amancio Ortega and Rosalía Mera, has worked in different areas of the group for the last 15 years, in particular strengthening Zara’s brand image and fashion proposition, an area she will continue to oversee.

Fashion 296

Fashion Finance Management ATS 296

Retail TouchPoints

APRIL 24, 2023

Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection and will implement an orderly wind-down of its businesses while “conducting a limited marketing process” to find one or more buyers for some or all of its assets.

Payment Services 278

Payment Services Finance Location Planning 278

Retail TouchPoints

SEPTEMBER 28, 2022

The hire follows a tumultuous first half of 2022, during which the company’s board was “reconstituted” in March, with the appointment of former Dollar General CEO Rick Dreiling as the Executive Chairman of Dollar Tree’s board, and the departure of five members of its C-suite in June. as its Chief Operating Officer.

Finance 278

Finance Management ATS Marketing 278

Retail TouchPoints

APRIL 24, 2024

billion for FY 2022 to $4.7 The financing announced today gives us additional flexibility as we continue our focus on delivering extreme bargains and unmistakable value to our customers.” Big Lots had a difficult fiscal year 2023, which ended Feb. Net sales declined 13.6% , falling from $5.5 billion for FY 2023.

Finance 263

Finance Returns Management ATS 263