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Target Names New COO, Divvies Up Merchandising Responsibilities

Retail TouchPoints

He will wear both hats until Target names a new finance chief. As COO, Fiddelke will oversee Target’s nearly 2,000 stores, its global supply chain network, fulfillment services, network capacity planning, enterprise operations and the teams responsible for building and remodeling Target stores and facilities.

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Shopify’s Double-Edged Sword: Tackling Accounting Complexities with Automation

Retail TouchPoints

However, this expansion brings to light a critical issue for CFOs and finance teams: the intricate and often underestimated task of recognizing and booking revenue in the ecommerce domain. For instance, consider a furniture store with a long fulfillment cycle that may not ship purchased items for months.

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How retailers are protecting margins and profits amid economic uncertainty

Inside Retail

Yet we still saw an appetite amongst retailers for investing in technology such as artificial intelligence (AI) to drive efficiencies across operations, finance and compliance obligations. We sat down with leading retail finance experts from The Reject Shop, Forever New, Taking Shape and Vinomofo to find out.

Finance 130
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Excess Inventory: The Losers And Wieners

Retail TouchPoints

Apparel companies, in particular, are constantly experimenting with new products and designs or expanding into different markets, only to find that they may have misjudged demand. In March, apparel sales dropped by more than 50%, and now those retailers are sitting on two seasons’ worth of clothing.

Apparel 279
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SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

Nearshoring is a key component of SHEIN’s business model, allowing the company to maintain the speedy fulfillment times that have helped drive its popularity with consumers. SHEIN also is planning to host 30 or so pop-up events across EMEA this year, to allow “consumers to experience products first-hand.” Vincent de Paul, Ireland.

Planning 275
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Why On-Demand Manufacturing Will Transform Retail

Retail TouchPoints

For businesses in the apparel and home goods market in particular, both of which have blossomed over the past year, on-demand manufacturing is a highly effective approach to scaling their operations. That usually leads to overproduction, especially in the fashion and apparel industry where styles and trends can rapidly shift.

Finance 232
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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

In fact, BOPIS became the new norm for items across all categories, from footwear and apparel to accessories, home goods, furniture and more. This created a ripple effect for retailers that were experiencing a higher volume of ecommerce orders and had to leverage stores as fulfillment centers to process and ship online orders.