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Walmart Promotes Insider to Replace Departing International CEO

Retail TouchPoints

McLay, who joined Walmart in 2015, had roles in strategy and supply chain and led the retailer’s Neighborhood Market business before taking on the top jobs at Sam’s Club. from Australia after spending the early part of her career at Woolworths and Qantas. Chris Nicholas, currently COO of Walmart U.S., McLay had moved to the U.S.

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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015. From 2004 to 2014 he served at Yum! He also has experience as Plant Controller for Alcoa and in various financial management roles at General Electric.

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How Burberry’s new leadership duo can reignite the luxury brand’s spark

Inside Retail

Burberry’s new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals. Leather goods account for around 20 per cent of Burberry’s sales versus 70 per cent at Bottega Veneta.

Fashion 278
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Aiwa brand up for auction, its parent bankrupt

Inside Retail

The famous Aiwa brand – synonymous with audio products for 70 years – is up for auction as part of the Chapter 11 bankruptcy proceedings of parent Aiwa Corporation. At its peak, it achieved sales of more than $2 billion annual revenue. Bids are being taken until October 4. Bids are being taken until October 4.

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What Europe’s upcoming ban on unsold textiles means for fashion

Inside Retail

According to the report, global textile production nearly doubled between 2000 and 2015, and by 2030, the consumption of clothing and footwear is expected to increase by 63 per cent from 62 million tonnes today to 102 million tonnes. The ban rule could take more than six months to be implemented. What does this mean?

Fashion 245
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More Orders from Amazon will Soon be Arriving in their Own Packaging — Here’s Why

Retail TouchPoints

So it’s a bit surprising that Amazon would be willing — is even pushing — to get rid of that “brand moment” at the point of delivery. Over the last few years, Amazon’s brand recognition has become very nearly absolute while, at the same time, the importance of third-party sellers to its business has increased.

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Amazon Prime Day sales rise as deep discounts tempt inflation-hit shoppers

Inside Retail

In the weeks leading to Prime Day on July 11-12, members of the loyalty program were given access to “invite-only deals” where shoppers could request invites to specific products that they were looking to purchase on deals. “That’s telling us is each visit is less profitable,” Garf said. .

Apparel 130