Retail TouchPoints

SEPTEMBER 8, 2023

Fashion apparel retailer Express, Inc. In a statement, the company reported that Baxter stepping down is “unrelated to the company’s accounting or financial reporting,” which was released earlier this week and included a consolidated net sales decrease of 6%.

Consumer 212

Consumer Apparel Accounting Finance 212

Retail TouchPoints

APRIL 19, 2024

For example, 60% of customers say they would be willing to pay more for a product with sustainable packaging, so it is paramount that businesses stay with the times and account for these shifting consumer preferences. One industry with a particularly negative environmental impact is the retail industry.

Supply Chain Management 248

Supply Chain Management Fast Fashion Apparel Shipping 248

Inside Retail

AUGUST 29, 2023

Mosaic Brands, the Australian apparel retail group, says it will open 40 new large-sized ‘mega stores’ this financial year as it transitions into what it describes as “a more ageless, value-driven, big-box retailer”. With that taken into account, comparable store sales rose by 9.6 million turnaround from a loss of $16.4

Planning 241

Planning Apparel Accounting Returns 241

Retail TouchPoints

JANUARY 12, 2024

The purchase amount is automatically deducted from the employee’s payroll account, a major benefit for doctors, nurses and other staff people who often don’t carry wallets or purses while they’re working. Employees can look up receipts and account balances in the hospital’s badge pay web portal or mobile app.

Payment Services 250

Payment Services Accounting Checkout Apparel 250

Retail TouchPoints

DECEMBER 8, 2023

To take the obsession even further, it seems like everyone is wearing branded apparel promoting them. This branded apparel — or merch, as it’s more commonly called — sent consumers into a frenzy. It’s also the speed at which you’re able to communicate with your account manager or designer.

Drop-Shipping 255

Drop-Shipping Apparel Accounting Shipping 255

Retail TouchPoints

MARCH 29, 2023

The Kohl’s Marketplace already features thousands of products in categories including apparel , fitness , wellness , toys and home. Kohl’s is opening its third-party marketplace to sellers in all categories following a successful pilot of the platform.

Sporting Goods 259

Sporting Goods Apparel Accessories Advertising 259

Retail TouchPoints

MARCH 29, 2021

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets. billion , accounting for 35% of gross sales, according to Forbes.

Sporting Goods 321

Sporting Goods Wholesale Specialty Retailers Accounting 321

Inside Retail

MAY 8, 2024

A federal report published in 2022 estimated that cotton from Xinjiang accounted for roughly 87 per cent of China’s production and 23 per cent of the global supply in 2020 and 2021. It then often makes its way to the US in the form of apparel made by suppliers in those countries, according to the report.

Apparel 147

Apparel Shipping Accounting Consumer 147

Retail TouchPoints

APRIL 2, 2024

The Amazon Counterfeit Crimes Unit (CCU), established in June 2020 , stopped more than 700,000 attempts by bad actors to create fake selling accounts in 2023. That’s down from 6 million would-be fake account attempts that were thwarted in 2020, the year that the CCU launched — an 88% decrease in less than four years.

Loss Prevention 228

Loss Prevention Accounting Apparel Consumer 228

Retail TouchPoints

MAY 9, 2023

Today, most shopping in virtual worlds is enabled through virtual currencies and is usually limited to in-game digital items, as with the Robux players use to buy apparel and accessories for their avatars in Roblox. Players then tap the “buy” button to check out via their Amazon account from within the experience.

Shopping 287

Shopping Accessories Accounting Apparel 287

Retail TouchPoints

OCTOBER 22, 2021

Founder Sara Blakely told CNBC that the company also was making a big push into other apparel categories, including denim, and wants to continue expanding its direct-to-consumer sales, which already account for 70% of the company’s business.

ATS 298

ATS Apparel Accounting Consumer 298

Retail TouchPoints

OCTOBER 5, 2023

Despite an unpredictable economic environment, where consumers face several challenges including rising interest rates, we expect strong ecommerce growth this season on account of record discounts and flexible payment methods,” said Patrick Brown, VP of Growth Marketing at Adobe in a statement. 25%) and 25% for apparel (vs.

Apparel 245

Apparel Shopping Consumer Accounting 245

Inside Retail

AUGUST 22, 2023

Brands are tapping into sustainable athleisure In 2021, several apparel brands launched collections with a focus on using recycled materials and more eco-friendly production process including Reformation’s Ref Active line, Puma’s Re:Collection, and Champion Athleticwear’s Natural State Reverse Weave and Rally Pro Earth footwear collections.

Apparel 130

Apparel Accounting Fashion Consumer 130

Retail Times

SEPTEMBER 20, 2023

in […] If you want more information Retail Times get in touch!

Apparel 52

Apparel Accounting ATS 52

Retail TouchPoints

MAY 3, 2023

Nearly 70% of children’s apparel is purchased in stores,” said Casey on the call. “We 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.

Planning 246

Planning Specialty Retailers Apparel Accounting 246

Retail TouchPoints

JUNE 24, 2022

Before the rise of cheap mass-produced apparel, clothing was typically made with higher quality materials, often by hand, and items lasted significantly longer. Having these contingencies in place keeps organizations within the supply chain transparent and accountable while encouraging them to make greater environmental efforts in the future.

Fashion 323

Fashion Fast Fashion Apparel Shipping 323

Inside Retail

JANUARY 24, 2023

Trans-Tasman apparel retailer Mosaic Brands is set to open 130 new stores as customers return to in-store shopping. According to unaudited accounts for the half year to January 1, sales grew 23 per cent driven by strong trading momentum and a higher average transaction value.

Planning 246

Planning Returns Apparel Accounting 246

Retail TouchPoints

OCTOBER 20, 2023

Bengtsson spoke about how traceability and transparency are creating a “cost of compliance” that retailers must account for. This empowers retailers to select apparel with confidence, from factories proven to abide by social compliance and enhanced due diligence processes. A Carhartt warehouse worker uses a Locus robot.

Accounting 328

Accounting Fashion Apparel Promotions 328

Retail Wire

MAY 2, 2023

Francesca’s has acquired Richer Poorer, a direct-to-consumer brand that sells apparel basics to Gen Z consumers. Richer Poorer is expected to inform Francesca’s digital strategy and give it access to wholesale accounts and younger consumers it does not currently have.

Wholesale 100

Wholesale Apparel Accounting Consumer 100

Inside Retail

DECEMBER 29, 2022

per cent and the restaurants, cafes and takeaway food sector accounting for $124 million, up by 22.8 Spending on household goods accounted for the highest share on Boxing Day, reaching $314.76 Spending on apparel and accessories surged 19.8 On Boxing Day, Australians splurged $1.23 billion – up 15.3 per cent year on year.

Department Stores 246

Department Stores Accounting Accessories Apparel 246

Retail TouchPoints

MARCH 26, 2021

Other parts of JCPenney’s turnaround plan include putting a greater emphasis on private label in the apparel and home categories and scaling back contracts with vendors. Shashoua also expects ecommerce, which now accounts for 20% of sales, to play a larger role moving forward.

Apparel 290

Apparel Accounting Returns Planning 290

Retail TouchPoints

OCTOBER 11, 2022

from 2021 and accounting for 16.3% Apparel also will be an important category, bringing in $40.7 Adobe expects apparel to be one of the categories most heavily impacted by the return to physical stores, as shoppers feel more comfortable returning to in-person shopping. billion in sales, up 2.8% of total holiday season spend.

Apparel 278

Apparel Returns Promotions Accounting 278

Retail TouchPoints

JUNE 27, 2022

BSN is one of the nation’s largest direct marketers and distributors of sporting goods, footwear, apparel and branding to the school and league markets. The Team Sales business has historically accounted for less than 1% of Foot Locker’s annual consolidated sales.

Sporting Goods 222

Sporting Goods Apparel Accounting Marketing 222

Inside Retail

AUGUST 31, 2023

After a successful 18-year career at JB Hi-Fi, with seven as CEO, Murray has not blemished his resume in his short stint a Premier Retail, despite having no experience in apparel retailing. With the apparel brands showing some momentum after years of underwhelming performances, the timing of a spinoff of that channel is opportune.

Apparel 240

Apparel Department Stores Planning Wholesale 240

Retail TouchPoints

AUGUST 19, 2021

Amazon already has leapfrogged Walmart to become the largest apparel retailer in the U.S. So far this year, department store sales have accounted for less than 1% of retail sales, according to estimates from Customer Growth Partners. based on its online sales. .

Department Stores 290

Department Stores Returns Apparel Accounting 290

Retail TouchPoints

NOVEMBER 7, 2023

The general Deals page features promotions and markdowns in a range of top holiday categories — including apparel, electronics, toys and beauty — from a wide variety of merchants, ranging from big-box stores and multi-brand retailers to DTC brands and local stores.

Markdowns 222

Markdowns Promotions Apparel Shopping 222

Retail TouchPoints

AUGUST 8, 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. The new executives will help Torrid scale its business while building up its technology and digital capabilities.

Finance 228

Finance Store Operations Apparel Accounting 228

Retail TouchPoints

MARCH 7, 2024

million in cash for the Zulily website and domain names, trademarks, tradenames, customer database, social media accounts and software, and said in a statement that it expects the Zulily site to be “fully functional” by the end of Q2 2024. Beyond paid $4.5

Planning 257

Planning Home Furnishings Jewelry Fulfillment 257

Inside Retail

JULY 21, 2023

Trans-Tasman apparel retailer Mosaic Brands expects total sales of approximately $519 million for this financial year, an increase of 6.2 In a trading update of unaudited accounts, the company said it expects an EBITDA profit of $17 million, a $33 million turnaround from FY22, when it reported EBITDA loss of $16 million.

Apparel 130

Apparel Accounting Consumer Accessories 130

Inside Retail

DECEMBER 11, 2022

Cheadle is a chartered accountant, corporate strategist and risk management expert with more than 30 years of experience working across Asia, Europe, the Middle East, and Australia. George said Cheadle has “a long executive career helping companies reach their full potential”.

Finance 246

Finance Apparel Accounting Management 246

Retail TouchPoints

OCTOBER 7, 2022

The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019. million over a terminated apparel contract. Under Armour saw business begin to slide in 2017 following years of record growth.

Wholesale 255

Wholesale Promotions Apparel Accounting 255

Retail TouchPoints

MAY 3, 2021

for 25 years in positions including VP, Controller and Chief Accounting Officer; VP of Finance for the Jeanswear and Imagewear Coalitions; and CFO of the International Business. He has been with VF Corp. Prior to joining VF Corp., Roe worked in the OEM automotive and basic materials industries.

Finance 263

Finance Apparel Accounting Promotions 263

Inside Retail

SEPTEMBER 29, 2022

Online channels accounted for nearly one-quarter of Premier Investments’ sales last year as government mandates caused stores to be shuttered. The business’ five apparel brands generated $807.9 per cent to $1.5 billion for the year, with tax-paid profit up 4.9 per cent to $285.2 For the year, sales leapt 24.6 per cent to $261.2

Apparel 245

Apparel Accounting Planning Management 245

Retail TouchPoints

SEPTEMBER 17, 2021

Ecommerce accounts for roughly $1 of every $5 spent by consumers (up from $1 of every $6 spent in 2017). The apparel category saw particularly marked price hikes in both July (up 15.26% ) and August (up 15.52% ), two months in which apparel prices typically drop amidst summer markdowns and back-to-school promotions.

Consumer 236

Consumer Home Furnishings Apparel Markdowns 236

Inside Retail

APRIL 20, 2022

Apparel and footwear retail companies Brand Collective and PAS Group are to merge, creating Australia’s third-largest fashion retail group. The company will also run some 250 wholesale accounts both locally and internationally. The company will also run some 250 wholesale accounts both locally and internationally.

Department Stores 246

Department Stores Wholesale Apparel Fashion 246

Inside Retail

OCTOBER 5, 2023

The research shows spending on food will account for the largest share of spending in the Christmas lead-up, accounting for $26.7 per cent and apparel by 0.8 That will represent a 2.4 per cent increase on last year, driven by inflation. Hospitality spending is predicted to fall by 4.2 per cent, household goods by 3.2

Department Stores 130

Department Stores Accounting Apparel Consumer 130

Retail TouchPoints

NOVEMBER 4, 2020

According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic. Digital fraud can take many forms, with the most common being account takeover ( 29.8% In 2019 , the total market share of online U.S. The Harmful Impact of Digital Fraud.

Merchant Services 317

Merchant Services Payment Services Accounting Jewelry 317