article thumbnail

Lowe’s Promotes Finance Exec to CFO

Retail TouchPoints

Sink, currently SVP of Retail Finance at the retailer, will replace Dave Denton, who is departing to pursue another opportunity. His appointment reflects our succession planning process and the talent across our company. Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022.

Finance 239
article thumbnail

Fueling Retail Expansion: Exploring Financing Options For Business Growth

Retail Minded

For retailers looking to expand their operations, securing financing is a crucial step to fuel growth. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains. Financing this growth remains a significant challenge for many retailers, from small boutiques to large chains.

Finance 95
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Parcel pivot: E-commerce boom behind Australia Post’s shock delivery plan

Inside Retail

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 is government-owned but self-funded and required to deliver a financial return. from early near year.

Planning 241
article thumbnail

Navigating The Loan Process: Tips For Securing Restaurant Financing 

Retail Minded

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.

Finance 52
article thumbnail

Ann Summers profit and sales boosted by shoppers returning to the high street

Retail Gazette

Ann Summers’ profit and sales rose in its full year results, which it said was “driven by consumers returning to the high street post-pandemic” Profit was up 3% to £61.8m The results come after Ann Summers secured £8m in asset-based funding to help accelerate its growth plans in January.

Returns 101
article thumbnail

Report: Lord & Taylor to Return as Online-Only Retailer in April

Retail TouchPoints

Lord & Taylor will return from bankruptcy as a digital-first retailer in April under its new owner Saadia Group, according to multiple sources. Now Saadia Group is planning Lord & Taylor’s revival with a revamped website that initially will focus on women’s and men’s apparel, homewares and beauty, according to Women’s Wear Daily.

Returns 279
article thumbnail

Big Lots Plans to Open 500 New Stores, Increase Annual Sales to $8-10 Billion

Retail TouchPoints

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.

Planning 182