Retail TouchPoints

JANUARY 8, 2021

Starbucks has promoted Rachel Ruggeri, currently SVP of Finance, Americas, to EVP and CFO. During her tenure at Starbucks, Ruggeri has held a variety of finance positions including VP of Corporate Financial Planning and Analysis, VP of Finance in support of the U.S. Business, and SVP of Finance for Global Retail.

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Retail TouchPoints

SEPTEMBER 9, 2022

in tech and industry conversations undoubtedly is impacting digital transformation plans, as brands and retailers strive to adapt to new customer behaviors and expectations. The agenda is designed to hit on all the core issues surrounding this space, from cybersecurity to finance and customer experience.

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Inside Retail

OCTOBER 20, 2021

And when a business can demonstrate its potential future strength, it can access outside finance which may provide more capital than the business might have otherwise had to invest in growth. In this article, we outline the benefits of financing your business growth through non-bank lending channels. Common drivers to access finance.

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Inside Retail

MARCH 26, 2023

The refinancing will allow the company to execute its restructuring plans, address its inventory rundown and continue the sale of its major non-core assets. The post BWX shares suspended from trading as lifeline financing sought appeared first on Inside Retail.

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Retail Wire

MAY 2, 2023

Bankers running the sale of Subway have given private equity firms looking to acquire the sandwich chain a $5 billion financing plan to make it happen. Final bidders for the chain include Bain Capital, TPG, Advent International, TDR Capital, Goldman Sachs and Roark Capital.

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Retail TouchPoints

MAY 18, 2021

Bed Bath & Beyond has named John Barresi as SVP of Finance and Chief Accounting Officer, as the retailer continues to bolster its leadership team as part of its three-year transformation strategy. Barresi will join Bed Bath & Beyond on June 7, 2021, reporting directly to EVP and CFO Gustavo Arnal.

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Retail TouchPoints

MAY 13, 2021

Saks.com has secured a new round of financing to back its growth strategy as it aims to take advantage of the continuing ecommerce boom and economic recovery. The luxury ecommerce platform has closed on a syndicated $350 million asset-based five-year revolving credit facility arranged by Bank of America, N.A.,

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Inside Retail

MAY 9, 2023

Children’s goods retailer Toys ‘R’ Us says its strategic turnaround plan announced in March is on track and it has already achieved cost savings of $4 million this year. To date, the company has improved its gross margin in the Australian direct-to-consumer e-commerce division from 16.4 per cent in February to 22.3 per cent in April.

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Retail Minded

MARCH 19, 2024

Between crafting an investor-worthy business plan, providing robust financial projections, and competing against other inspiring ventures, securing backing may seem an insurmountable challenge. However, the financing process doesn’t have to obstruct your culinary vision.

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Inside Retail

DECEMBER 5, 2023

The changes announced jointly by the communications and finance ministers, have been trialled and will roll out over the next 12 months along with other reforms like increasing the number of parcel collection points. Australia Post will also have an extra day to deliver regular mail. from early near year.

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Retail Gazette

JANUARY 11, 2024

He will be replaced by Simon Luscombe, who has been the retailer’s director of finance the last seven years. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Prior to Homebase, Luscombe worked in the finance department of fashion retailer Hobbs between 2007 and 2017.

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Retail TouchPoints

MARCH 29, 2023

Jeff Gennette, Chairman and CEO of Macy’s since 2017, plans to retire in February 2024 after a total of four decades with the retailer. Mitchell will lead the stores, technology and supply chain teams in addition to his current real estate and finance responsibilities. I’m excited that Tony Spring has been appointed Macy’s Inc.’s

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Retail Gazette

DECEMBER 27, 2023

Lidl UK finance boss Marco Di Costanzo has stepped down from his role, following a £76m loss from the discounter. The news comes as Lidl continues its aggressive expansion plan, having recently launched its biggest ever warehouse in Luton, costing £300m.

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Retail TouchPoints

MARCH 15, 2023

The company’s Triple Double growth plan was announced in March 2022 , when it set the goal of tripling its store count to more than 3,500 locations by the end of fiscal 2030 while at least doubling sales and growing operating margin by 14% by the end of fiscal 2025.

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Inside Retail

NOVEMBER 15, 2021

This article outlines why tapping into automated accounts receivable solutions along with offering more convenient payment plans to your business customers is a good idea and smart business practice. Why should your business provide payment plans to business customers?

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Small Biz Trends

SEPTEMBER 13, 2022

In this post, we’ll explore 15 different franchise financing options for small business owners. Franchise business owners should have a business plan to guide them as they grow their businesses. How Much Can Financing a Franchise Cost? What Personal Assets Play a Role in Franchise Financing? Let’s get started!

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Retail TouchPoints

FEBRUARY 4, 2022

Additionally, the retailer has adopted a “poison pill” shareholder rights plan to prevent hostile takeovers. it’s likely that the plan is an effort to keep the company whole despite pressure from investors such as Engine Capital, which has been pushing Kohl’s to spin off its ecommerce business into a standalone entity.

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Retail TouchPoints

APRIL 3, 2024

PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million , extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors. portfolio of 150+ retail centers.

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Inside Retail

APRIL 8, 2021

Inside Retail: You actually come from a finance background! I can’t tell you how much I enjoy seeing the happiness on customer’s faces when they make a purchase here – whether it is a young man buying an engagement ring and planning his proposal, or the couple buying a gift for a wedding anniversary, I really feel this is a place of joy.

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Retail TouchPoints

OCTOBER 18, 2023

Two of Target ’s top executives — COO John Mulligan and Chief External Engagement Officer Laysha Ward — have announced plans to retire. Mulligan’s replacement has not yet been named, but Target said it will share succession plans prior to his official retirement in February 2025. Mulligan joined Target in 1996 as a financial analyst.

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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.,

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Inside Retail

MARCH 23, 2023

We plan on using local ingredients sourced in Australia wherever possible. Wendy’s plans to enter the Australian market on the east coast, and the company is exploring major cities like Sydney, Melbourne and Brisbane. We also plan to align resources to further support development acceleration across the US and international segments.

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Retail TouchPoints

DECEMBER 21, 2020

31 under a plan that has been confirmed by the U.S. The retailer plans to reduce its debt by $800 million and raise $350 million in new senior secured notes during the process. The money will be used to support ongoing operations, invest in strategic growth initiatives and help Guitar Center execute its business plan.

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Retail TouchPoints

APRIL 10, 2024

Arkhouse has withdrawn its other director nominations as part of the deal, and Clark and Markee will join the board’s finance committee, which will evaluate the acquisition proposal from Arkhouse and Brigade Capital Management that began in December 2023 with a $5.8 Markee, as independent members of its board of directors. billion buyout bid.

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Retail Minded

JANUARY 3, 2024

Retail Business Financing: Tips and Practices Stay Updated on Market Trends Keeping your fingers tapping on the pulse of market trends will let you get your hands clapping and securing the funds for your retail business needs. These strategies may include creating impactful email campaigns and other marketing game plans.

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LS Retail

NOVEMBER 2, 2022

This particular edition spotlights commercial trade finance instruments as well as U.S. government export financing resources available through the U.S. The following: Tips for Exporters Be mindful of emerging trends that could reduce the complexity, cost, and processing time of trade finance transactions.

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Retail Wire

AUGUST 26, 2022

Bed Bath & Beyond plans to share its latest plan to put its business on steady footing and come back from its current set of challenges. The company is said to be in talks with a lender to strengthen its finances going forward.

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Retail Gazette

MARCH 8, 2024

” Last month, Matalan hired former Poundland finance director Dave Williams to replace its outgoing CFO Stephen Hill, who stepped down from the role after 23 years. The group has appointed former Boden director of product management and experience, David Seeby as its new director of online, in a bid to drive forward its ecommerce offer.

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Retail TouchPoints

NOVEMBER 17, 2020

Supermajorities of the company’s noteholder groups have committed to vote in favor of the RSA plan, which Guitar Center forecasts will be completed before the end of 2020. Additionally, Guitar Center has negotiated $375 million in Debtor-In-Possession financing and plans to raise $335 million in new senior secured notes.

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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. He will succeed Derek Lawlor, who stepped down in May after 10 months in the role. in the year to 31 March 2022.

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Retail TouchPoints

FEBRUARY 16, 2023

British online fashion and beauty retailer ASOS has appointed its second interim CFO in four months as current interim CFO Katy Mecklenburgh plans to leave in May 2023 for another role. A central piece of the plan is a reorganized executive team that will simplify decision-making within the company.

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Inside Retail

JANUARY 5, 2023

In a business update, the company said a turnaround plan initiated at the start of the third quarter with a refocus on merchandising and inventory control while strengthening its financial position had failed to deliver anticipated results. The post Bed Bath & Beyond in crisis as turnaround plan fails appeared first on Inside Retail.

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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. Oliver has been with Chico’s since 2012 and served in multiple roles, including VP – Finance and Controller and Interim CFO and SVP – Controller.

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Inside Retail

OCTOBER 22, 2023

With monthly gross merchandise volume (GMV) exceeding US$1 million in Taiwan alone, the platform plans to export its success by addressing specific pain points in online luxury transactions. The future PopChill plans to enter the Singaporean and Malaysian marketplace by 2024.

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Independent Retailer

JUNE 17, 2021

Clean financial records give you more pull with lenders and investors who are more likely to give you the best finance deal. Taking out a bank loan means you can quickly launch your business plans and deal with upcoming opportunities, enabling consistent business growth. Tip #3: Bank Debt is Your Friend. government.

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365 Retail

JUNE 6, 2023

Novuna Consumer Finance, one of the UK’s leading retail point of sale providers, has partnered with home and garden experts Homebase to transform its credit offer in-store, providing customers with a range of flexible finance options to help them with their home improvement projects.

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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.

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