Retail TouchPoints

OCTOBER 19, 2022

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 260

Finance Merchant Services Payment Services Consumer 260

Retail TouchPoints

DECEMBER 1, 2021

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. In 2022, small- and medium-sized retailers will need to closely consider their ecommerce partnerships. Think of it like a resurgence of the P.O.

Shipping 305

Shipping Finance Customer Experience Consumer 305

Retail TouchPoints

MARCH 15, 2023

The company’s Triple Double growth plan was announced in March 2022 , when it set the goal of tripling its store count to more than 3,500 locations by the end of fiscal 2030 while at least doubling sales and growing operating margin by 14% by the end of fiscal 2025.

Planning 278

Planning Finance Promotions Location 278

Retail TouchPoints

FEBRUARY 16, 2023

British online fashion and beauty retailer ASOS has appointed its second interim CFO in four months as current interim CFO Katy Mecklenburgh plans to leave in May 2023 for another role. 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

MARCH 29, 2023

Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. Mitchell will lead the stores, technology and supply chain teams in addition to his current real estate and finance responsibilities. I’m excited that Tony Spring has been appointed Macy’s Inc.’s

Planning 264

Planning Home Furnishings Finance Management 264

Retail TouchPoints

MAY 18, 2023

SHEIN has officially launched its Europe, Middle East and Africa (EMEA) headquarters in Dublin City Centre, Ireland and is planning to host approximately 30 pop-up store events across the region this year to boost its profile with customers. The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S.,

Planning 275

Planning Marketing Net Profit Finance 275

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

BB&B has been struggling in recent months: June 2022 saw the departure of CEO Mark Tritton following a Q1 financials report indicating a 25% decline in sales compared to the same period the previous year. 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

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 359

Payment Services Promotions Consumer Inventory Management 359

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. From 2004 to 2014 he served at Yum!

Promotions 264

Promotions Finance Accounting Management 264

Retail TouchPoints

SEPTEMBER 7, 2022

Oak Street was previously involved with Kohl’s when the retailer sought to sell itself to Franchise Group for approximately $8 billion in July 2022. The firm was on board to help Franchise Group finance the deal, but negotiations ultimately fell through. A major cash infusion could help the troubled retailer reverse its fortunes.

Finance 278

Finance Location Planning Store Operations 278

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. Square plans to announce additional details about the card in 2023. small business owners.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

Retail TouchPoints

MAY 2, 2023

The retailer started closing 250 locations earlier this year, pursuant to its plan to exit Chapter 11 with a much smaller footprint, and began the process of shuttering the remaining locations on May 1. 1, 2022, saw net sales of $157.1 compared to Q1 2022. million , down from $176.9 million for the same period the previous year.

Merchant Services 269

Merchant Services Finance Location Planning 269

Retail TouchPoints

MARCH 29, 2023

Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. For its part, Apple says it plans to report Apple Pay Later loans to the U.S. Apple Pay Later is offered by Apple Financing LLC, a subsidiary of Apple Inc.

Merchant Services 311

Merchant Services Payment Services Checkout Finance 311

Retail TouchPoints

AUGUST 24, 2022

Hathaway has worked with Qurate since May 2021 in the SVP role, leading finance for QxH, the combined brand of QVC US and HSN, as CFO. Prior to working with Qurate, Hathaway spent 20 years at PepsiCo/Frito-Lay as VP of Financial Planning and Analysis for a multi-billion-dollar division of Frito-Lay North America.

Finance 302

Finance Promotions Planning ATS 302

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. The ultimate plan is to sell to the highest bidder. as of July 1, 2022.

Telecommunications 325

Telecommunications Finance Store Operations Consumer 325

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

OCTOBER 18, 2024

We know one-third of bridesmaids are engaged brides and almost half of brides are also bridesmaids,” said Kelly Cook, President of Brand, Technology and Finance at David’s Bridal in a statement. The retailer launched its wedding planning platform Pearl by David’s in January 2023.

Finance 290

Finance Accessories Shipping Accounting 290

Retail TouchPoints

AUGUST 18, 2022

of the retailer through his firm RC Ventures — might be planning to sell his entire stake in the company. Cohen’s plans to sell his stake were revealed in an Aug. Finance story titled 12 Photos Showing the Sad State of Bed Bath & Beyond. Shares of Bed Bath & Beyond Inc. million Bed Bath & Beyond shares.

ATS 278

ATS Finance Planning Marketing 278

Retail TouchPoints

JANUARY 12, 2022

Home discount retailer Big Lots is returning to expansion mode after more than a decade of flat store growth, with plans to open as many as 500 new stores in the next six to seven years. The off-price chain plans to open approximately 50 net new stores this year, and ramp up the pace of expansion to about 80 stores per year thereafter.

Planning 182

Planning Checkout Finance Returns 182

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Seun Sodipo will take the CFO job in February 2022. Kyle Leahy will join the company on Nov. 29 as its first-ever Chief Commercial Officer.

Finance 264

Finance Payment Services Accounting Returns 264

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall also had missed the previous payment deadline for the same reason in August 2022. 14 for one floor of a planned two-floor space. The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8

Payment Services 276

Payment Services Department Stores Checkout Finance 276

Retail TouchPoints

FEBRUARY 9, 2024

Kering hasn’t made a formal announcement of its decision, but Jean-Marc Duplaix, the luxury giant’s Deputy CEO in charge of operations and finance, announced the news during the company’s recent earnings call, and Duplaix said in comments to WWD that Farfetch “is not a strategic partner for us.”

Department Stores 278

Department Stores Boutique Finance Fashion 278

Inside Retail

OCTOBER 10, 2023

The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay and Alphabet’s Google Pay. billion in 2022, from 29.2 million in 2018.

Payment Services 278

Payment Services Finance Promotions Planning 278

Retail TouchPoints

APRIL 24, 2023

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

Payment Services 278

Payment Services Finance Location Planning 278

Retail TouchPoints

OCTOBER 16, 2023

After six weeks of speculation and negotiation, Rite Aid has officially filed for Chapter 11 bankruptcy and has reached a tentative agreement with its largest lenders on a financial restructuring plan. billion in new financing to ensure the company has enough liquidity to remain in operation throughout the proceedings.

Finance 262

Finance Planning Management ATS 262

Retail TouchPoints

AUGUST 2, 2021

Square plans to purchase buy now, pay later (BNPL) provider Afterpay in an all-stock deal valued at approximately $29 billion. The transaction is expected to close in Q1 2022, subject to customary closing conditions. This also gives them a financing option where they can control the parameters of how much to ‘lend’ and who to lend to.

Merchant Services 317

Merchant Services Payment Services Checkout Finance 317

Retail Gazette

FEBRUARY 28, 2025

Boots prospective buyer Sycamore Partners is planning to separate the UK retail pharmacy business from its US and healthcare arm if its bid is successful. It shelved plans for a multibillion-pound deal last Juneas it cut its profit outlook and announced plans to close up to 700 US stores.

Finance 70

Finance Planning Management ATS 70

Retail TouchPoints

NOVEMBER 30, 2022

Deloitte found that 80% of shoppers planned to participate in Black Friday and Cyber Monday events, up from 71% in 2021. Younger generations led this trend, with 86% of Gen Z and 89% of millennials planning to spend during this timeframe. These shoppers said they would spend 50% of their holiday budgets on these deep promotions.

Accounting 264

Accounting Promotions Outdoor Finance 264

Cisco Retail

MARCH 3, 2022

Many challenges lay ahead for financial services IT in 2022 and beyond. To help define the scope of finance services IT priorities, we have identified five key challenges that must be overcome to realize growth expectations. Starting a planned upgrade without the skilled pros to complete the plan can hinder morale.

Accounting 138

Accounting Finance Planning Marketing 138

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 Gazette

MAY 20, 2024

The debt-financing bill was 23% higher than the £593m incurred in 2022. Morrisons parent company Market Topco’s accounts revealed that the group posted a pre-tax loss of £1.1bn last year, having accumulated £735m in interest costs which were tied to external debt and inter-company loans.

Planning 117

Planning Payment Services Supermarket Grocer 117

A1 Retail

JANUARY 10, 2023

percent in December 2022, though this was slightly lower than November’s year-on-year growth (7.1 per cent year-on-year – the largest increase since July 2022. percent) enjoyed their biggest uplift since May 2022, as Christmas parties and the FIFA World Cup boosted takings despite the impact of December’s rail strikes.

Finance 98

Finance Outdoor Supermarket Department Stores 98

Retail Gazette

DECEMBER 4, 2024

Following its collapse, John Lewis said it would proactively offer roles where it can to its former partners at The Floor Room, who transferred across when it opened the concessions in 2022. It then began discussions with several parties, including Apollo and shareholder Richemont, about securing new financing.

Shopping 122

Shopping Beauty and Health Fashion Planning 122

Nvidia

DECEMBER 7, 2021

No doubt, that will be tested to the limits as 2022 portends upheaval on a grand scale. At the same time, global food prices have jumped to their highest level in more than a decade as worker shortages, factory closures and high commodity prices shred plans at even the most sophisticated forecasting and logistics operations.

Supply Chain Management 135

Supply Chain Management Management Telecommunications Checkout 135

Inside Retail

NOVEMBER 30, 2021

“It will provide a one-stop shop for the public to access net emissions, renewable electricity and offset data for Australia’s largest companies and understand their plans to decarbonise.”. 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.

Finance 162

Finance Accounting Planning Shopping 162