Retail TouchPoints

AUGUST 4, 2023

L.L.Bean will open four new stores this fall, two in Massachusetts and two in Quebec, along with a French-language ecommerce site to support its Canadian stores. wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S.

Specialty Retailers 246

Specialty Retailers Wholesale Planning Outdoor 246

Retail TouchPoints

MARCH 11, 2021

The company plans to gain market share and increase currency-neutral sales by an average of 8% to 10% annually between 2021 and 2025, through an aggressive expansion of Adidas’s already booming DTC business, including ecommerce; digitalization of its operations and stores; an expanded membership program; and an increased focus on sustainability.

Planning 205

Planning Wholesale Sporting Goods Accounting 205

Retail TouchPoints

APRIL 17, 2024

The retailer will deploy the Stripe Terminal at more than 600 stores, and Stripe will simplify online checkout by allowing shoppers to seamlessly pay for items with funds from their bank accounts using Link and Stripe Financial Connections.

Payment Services 264

Payment Services Merchant Services Checkout Accounting 264

Retail TouchPoints

JANUARY 18, 2024

The planned $24.6 While this is longer than we originally thought, we knew it was a possibility and our merger agreement and divestiture plan accounted for such potential timing,” according to a joint statement from the retailers. “We Top execs from both companies defended the merger in testimony to a U.S.

Grocer 264

Grocer Wholesale Supermarket Accounting 264

Retail TouchPoints

OCTOBER 18, 2023

In the new role of EVP of Brand Operations at AEO, van Ogtrop will drive greater brand collaboration while fueling growth and profitability across American Eagle and Aerie. She will have full accountability for AEO store operations across the U.S. and Canada, as well as brand finance and strategy and merchandise planning.

Finance 277

Finance Accounting Store Operations Planning 277

Retail TouchPoints

JUNE 12, 2023

Chico’s FAS has appointed David Oliver, SVP – Finance, Controller and Chief Accounting Officer, to the role of EVP – CFO and Chief Accounting Officer, effective June 24, 2023. Current EVP – CFO Patrick Guido has resigned to accept a position at another company where he can be located closer to his family.

Finance 261

Finance Accounting Location Planning 261

Retail TouchPoints

MARCH 3, 2021

Like many retailers, some of these losses were offset by growth on the ecommerce side of the business, with online accounting for 24% of the company’s sales in 2020, up from 10% in 2019.

Planning 299

Planning Finance Accounting Location 299

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 264

Payment Services Accounting Checkout Apparel 264

Retail TouchPoints

FEBRUARY 26, 2024

When David Sherwood joined the family business in 2001, the plan was to sell. But in the process, he fell back in love with the business he had grown up in, and the plan changed. “I I learned to collect accounts from this grumpy old dude, who is now the grumpy old dude running our collections.

Loss Prevention 298

Loss Prevention Jewelry Payment Services Accounting 298

Retail TouchPoints

AUGUST 29, 2023

Using the Amazon “Just Walk Out” technology, Grubhub Campus has introduced cashierless checkout at convenience stores at Loyola University Maryland. Students, faculty and staff scan a QR code to enter the store, pick their items and leave, with the payment deducted from their student meal plan or other stored payment methods.

Checkout 236

Checkout Payment Services ATS Accounting 236

Retail TouchPoints

OCTOBER 31, 2023

While the NRF has yet to release its total sales projections for the season, its early consumer research reveals that consumers plan to spend an average of $875 this holiday season, in line with the five-year average — and most of that money will be spent online. Create digital synergy. Allow associates to focus on their strengths.

Employee Engagement 278

Employee Engagement Store Operations Consumer Management 278

Retail TouchPoints

NOVEMBER 18, 2022

million people plan to shop between Thanksgiving Day and Cyber Monday in 2022, representing 69% of all holiday shoppers, according to a survey conducted by the National Retail Federation (NRF) and Prosper Analytics. million people , 69% of those planning to shop across Thanksgiving weekend, heading out for deals. An estimated 166.3

Shopping 288

Shopping Department Stores Planning Accounting 288

Retail TouchPoints

SEPTEMBER 6, 2022

The retailer has named SVP and Chief Accounting Officer Laura Crossen as Interim CFO, according to a regulatory filing. The cuts were part of a plan to reduce SG&A (selling, general and administrative) expenses by $250 million in fiscal 2022 following a comp store sales decline of 26% for the quarter that ended Aug.

Accounting 256

Accounting Planning ATS Store Operations 256

Retail TouchPoints

FEBRUARY 27, 2024

Ensuring business continuity plans include appropriate responses to network outages, breaches and ransomware attacks. Mattle’s background is in servicing Fortune 1,000 multi-national accounts on property, casualty and executive risk lines, including cyber, in the retail and wholesale space.

Payment Services 277

Payment Services Wholesale Store Layout Inventory Management 277

Retail TouchPoints

JULY 19, 2023

Customers can then support the needs of their local school by rounding up their purchase total and donating the change at checkout, or by purchasing items on a school’s Spark Good Registry.

Shopping 246

Shopping Checkout Accounting Planning 246

Retail TouchPoints

NOVEMBER 10, 2022

The first new store concept recently opened outside of Houston, and Target plans to utilize the format in half of the 200 store remodels and almost all of the 30 new stores planned for 2023.

Fulfillment 264

Fulfillment Store Layout Planning Accounting 264

Retail TouchPoints

JULY 12, 2023

Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores. The store knows what you took from the shelf and put in your cart and can charge you for it on your account that’s linked to their system.

Payment Services 245

Payment Services Inventory Management Checkout Loss Prevention 245

Retail TouchPoints

JULY 21, 2023

Louis Schnucks stores this fall, with a broader rollout planned for later this year. Customers will be able to use their Schnucks Rewards account with the carts, providing them with access to clipped promotions and allowing them to view weekly circular deals as they browse the aisles. “We

Checkout 243

Checkout Promotions Supermarket Accounting 243

Retail TouchPoints

MAY 29, 2020

Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. Costco posted a 7.3% jump in e-Commerce sales.

Department Stores 164

Department Stores Operating Expenses Store Operations Apparel 164

Retail TouchPoints

NOVEMBER 3, 2022

The holidays are around the corner and retail stores are gearing up for a shift back towards in-store shopping during this peak season. That’s good news for the retail sector. Fortunately, there are many ways to reduce the possibility of employee and third-party accidents and injuries.

Accounting 278

Accounting Returns Management Advertising 278

Inside Retail

SEPTEMBER 20, 2023

The company operates KFC, Pizza Hut, Taco Bell and partners with Lavazza to develop coffee shop concepts too. Key highlights In her presentation during the Investor Day, Wat unveiled some key financial highlights for the company and outlined future expansion plans in China. billion and an operating profit of $673 million.

Supply Chain Management 130

Supply Chain Management Planning Accounting Store Operations 130

Inside Retail

SEPTEMBER 20, 2023

The company operates KFC, Pizza Hut, Taco Bell and partners with Lavazza to develop coffee shop concepts too. Key highlights In her presentation during the Investor Day, Wat unveiled some key financial highlights for the company, and outlined future expansion plans in China. billion and an operating profit of $673 million.

Supply Chain Management 130

Supply Chain Management Planning Accounting Store Operations 130

Retail TouchPoints

AUGUST 26, 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. Brands in various positions of increasing responsibility in corporate strategy and financial planning. From 2004 to 2014 he served at Yum!

Promotions 263

Promotions Finance Accounting Management 263

Inside Retail

JUNE 30, 2021

Takashimaya opened its first store in Kyoto, Japan, in 1831, selling gofuku (formal kimono). It started expanding in the early 1930s and is now one of the largest department store operators in Asia, with a presence in China, Thailand, Vietnam and Singapore. 4: Digitise and reduce paper wastage from daily operations.

Department Stores 246

Department Stores Beauty and Health Accounting Promotions 246

Retail TouchPoints

MARCH 5, 2021

The plans are part of a data-driven growth strategy that includes: Resetting the merchandising assortment by categories and rooms ; Remodeling approximately 450 stores; Enhancing the digital-first, omni-always shopping experience; and Introducing a modern, 360 -degree approach to marketing and customer engagement.

Accounting 231

Accounting Planning Marketing Shopping 231

Retail TouchPoints

OCTOBER 23, 2020

plans to shrink its store footprint by 350 locations as the retailer works to return to profitable growth in 2021, according to CNBC. Longer-term, the company plans to reconfigure its operations so that 80% of revenue comes from ecommerce and off-mall locations by January 2024. Athleta reported a 6%.

Returns 212

Returns Apparel Planning Accounting 212

Retail TouchPoints

MAY 30, 2023

Genesco expects to close more than 100 Journeys stores in fiscal 2024, more than its prior expectation of closing 60 stores, after the shoe retailer posted extremely poor results for Q1 2024, which ended April 29, 2023. The company is looking to pivot Journeys to an off-mall strategy, with 13 locations out of a planned 25 already open.

Location 222

Location Markdowns Accounting Promotions 222

Retail TouchPoints

JUNE 11, 2021

Jewelry brand Alex and Ani has commenced Chapter 11 bankruptcy proceedings in order to undergo a comprehensive financial and operational restructuring. The retailer plans to continue operating its currently open stores and website as usual during the court-supervised process.

Jewelry 153

Jewelry Wholesale Accounting Planning 153

Retail TouchPoints

JULY 9, 2021

Lowe’s signed a renewable energy agreement in November 2018 that will provide for enough energy to power all of its 143 stores in Texas. Walmart has announced plans to emit zero carbon in its stores by 2040. Lighting accounts for 50% of energy costs for non-food retailers. The typical retail store costs $0.71

Management 264

Management Accounting Customer Experience Finance 264

Retail TouchPoints

APRIL 10, 2023

We regularly review and refine our safety programs, and reinforce them through training, ongoing communication, recognition and accountability. operates approximately 19,000 stores and 28 distribution centers in 47 states and employs more than 173,000 workers. Based in Goodlettsville, Tenn., Dollar General Corp.

Merchandise Store 255

Merchandise Store Location Accounting Customer Experience 255

Retail TouchPoints

MAY 4, 2021

Retailers sometimes move at a near-glacial pace, planning out huge builds with extreme precision — and sometimes years in advance. This isn’t to say that planning should fall by the wayside. But any plan going forward will need to include recalibration of the shopping experience. We’re past planning our responses to the crisis.

Planning 298

Planning Checkout Shopping Consumer 298

Retail TouchPoints

MAY 14, 2021

Retailers and other businesses will need to have solid plans in place, and share them with key personnel, to deal with what could be multiple weather events in areas they serve. Save this information in an alternate, accessible off-site location; Have a plan in place if there is a loss of power.

Planning 153

Planning Payment Services Accounting Location 153

Retail TouchPoints

SEPTEMBER 29, 2020

Retailers seeking guidance as they look ahead to an uncertain Q4 will find plenty of solid, practical advice in the 2020 Retail Strategy and Planning series of webinars, now available on-demand. Session topics ranged from ramping up touch-free in-store technologies to strengthening supply chains and getting the most out of marketplaces.

Payment Services 278

Payment Services Fulfillment Location Shipping 278

Retail TouchPoints

SEPTEMBER 1, 2023

Tzafis oversees the sales, account management and customer success teams for Trax’s Emerging Brand & Midcap department. With a career spanning more than a decade, Tzafis has excelled in team building, motivation, strategic planning, and marketing process implementation.

Marketing 263

Marketing Consumer Fulfillment Accounting 263

Wiser

JULY 31, 2023

1: Regular Audits Conducting regular in-store audits allows brands to physically verify that stores are adhering to the planned layouts. This can be done by store employees or third-party auditing firms. There are several strategies brands can adopt to ensure their planograms are executed correctly, such as: No.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

Retail TouchPoints

DECEMBER 4, 2023

Bringing the Bottom-Up Perspective into Focus CollaboMation strives to connect human workers with shop floor technology, creating a smooth interface that harnesses shop floor analytics and bridges any existing gaps that may disrupt operations. However, these solutions provide only a top-down perspective, missing the on-the-ground reality.

Operating Expenses 263

Operating Expenses Shipping Accounting Shopping 263

Retail TouchPoints

SEPTEMBER 1, 2023

Tzafis oversees the sales, account management and customer success teams for Trax’s Emerging Brand & Midcap department. With a career spanning more than a decade, Tzafis has excelled in team building, motivation, strategic planning, and marketing process implementation.

Marketing 246

Marketing Consumer Fulfillment Accounting 246