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 268

Planning Marketing Net Profit Finance 268

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 Gazette

DECEMBER 6, 2023

Poundstretcher has promoted its current finance director Tristan Phillips to be its new chief executive. Phillips, who was the previous head of finance at M&S between 2020 and 2022, joined the discount chain last autumn. in the year to 31 March 2022.

Finance 59

Finance Promotions Planning ATS 59

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. Liu oversees the MINISO business, including product marketing, PR, user operations and global ecommerce, so he shared some exclusive insights into the company’s expansion plans and priorities.

Planning 245

Planning Consumer Marketing Accounting 245

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

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 253

Merchant Services Finance Location Planning 253

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 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 261

Promotions Finance Accounting Management 261

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 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 276

Merchant Services Finance Advertising Marketing 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

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

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 308

Merchant Services Payment Services Checkout Finance 308

Retail Gazette

FEBRUARY 2, 2024

Mamas & Papas has poached Asda’s finance exec Sarah Ashby as its new chief financial officer. Asbhy, who took up the post on January 19, most recently served as the supermarket chain’s senior finance director of projects and M&A.

Finance 98

Finance Grocer Supermarket Promotions 98

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 288

Customer Retention Finance Fulfillment Planning 288

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 294

Finance Promotions Planning ATS 294

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 275

ATS Finance Planning Marketing 275

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 355

Payment Services Promotions Consumer Inventory Management 355

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 256

Finance Planning Management ATS 256

365 Retail

MAY 25, 2022

million small businesses in the UK in 2022. Some companies will have likely failed due to poor planning for the company’s anticipated growth. Some companies will have likely failed due to poor planning for the company’s anticipated growth. Companies in need of financial support might consider bridge financing.

Finance 52

Finance Payment Services Marketing Planning 52

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

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

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 324

Telecommunications Finance Store Operations Consumer 324

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 270

Payment Services Department Stores Checkout Finance 270

Retail TouchPoints

APRIL 22, 2024

In order to support continued operations, the company has received a commitment for $35 million in new financing from some of its existing lenders and will also use the $49 million in cash it received on April 15, 2024, from the Internal Revenue Service related to the CARES Act. The partnership transformed Express, Inc.

Wholesale 147

Wholesale Finance Fashion Brand Management 147

Rangeme

MARCH 22, 2022

The key to a successful international expansion is good planning. Selling into a new market for the first time can be daunting, but if you have a business plan for executing your ambition, you won’t simply be making a leap of faith; rather, you’ll be following a carefully crafted strategy that fits your brand.

Finance 52

Finance Shipping Planning Marketing 52

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 275

Payment Services Finance Location Planning 275

Retail Times

FEBRUARY 4, 2022

Splitit, the company empowering shoppers to use their credit cards to pay in instalments, shares new data which reveals the majority of UK credit card users are planning to use Buy Now, Pay Later (BNPL) services as a smarter way to manage their finances.

Planning 52

Planning Finance Management 52

Retail Gazette

MAY 3, 2024

in 2022 to repay debt that was taken out to buy two private jets. “These specific loans have been provided at rates comparable to the average commercial rate of interest, and that interest has been identified and recognised within EG Group’s finance income. It follows the news the brothers borrowed £5.6m

Payment Services 69

Payment Services Finance Accounting Location 69

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

A1 Retail

SEPTEMBER 24, 2021

. Hitachi Capital Consumer Finance, a division of Hitachi Capital (UK) PLC, has announced that it will be rebranding under the new trading style of NOVUNA Consumer Finance by April 2022, while Hitachi Personal Finance will become NOVUNA Personal Finance.

Finance 59

Finance Consumer Point of Sale Customer Experience 59

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 129

Accounting Finance Planning Marketing 129

VMS

NOVEMBER 30, 2022

n 2022, inflation drove prices and interest rates higher. Starbucks workers organized at many locations in 2022. It’s the first time the company plans to use drones for customer deliveries in the United States. The initial plan is to drop these package-carrying drones into the backyards of residents in Lockeford, Calif.

Visual Merchandising 85

Visual Merchandising Drop-Shipping Loss Prevention Shipping 85

Retail Bound

MAY 22, 2022

As we rapidly approach the peak selling season for 2022, I thought it might be beneficial to take a quick look at where retail stores currently stand. headquartered retailers plan to open more 8,100 new stores — nearly doubling the number of stores that closed ( The Daily on Retail ). The post Is Retail Dead in 2022?

Drop-Shipping 52

Drop-Shipping Finance Apparel Consumer 52

365 Retail

MAY 26, 2022

A new report by industry charity the Retail Trust has found that one in five (21%) British retail workers and nearly a third (31%) of people working for the UK’s biggest retailers are planning to quit the sector. The post One in five retail workers plan to quit the retail industry appeared first on 365 RETAIL | Retail Technology News.

Planning 106

Planning Employee Engagement Finance Supermarket 106

Small Biz Trends

JUNE 22, 2022

As a small business owner, you need to plan ahead and anticipate changes in the economy that could impact your business. This could make it difficult for you to get the financing you need to grow your business. Make sure you have a plan in place to deal with higher interest rates. Such as during times of high inflation.

Payment Services 98

Payment Services Returns Finance Planning 98

Inside Retail

MAY 4, 2023

The appointments come following Tom Ford’s acquisition by the Estée Lauder Companies in November 2022, which will see founder Tom Ford and chairperson Domenico De Sole stay on as consultants until the end of calendar 2023. In the latest quarter ending on March 3, Adore Beauty delivered revenue of $41.3

Finance 130

Finance Fashion Management Planning 130