Inside Retail

APRIL 17, 2024

Both companies have now uploaded their opening statements online. And both outgoing Woolworths CEO Brad Banducci and Coles CEO Leah Weckert said their supermarket chains have tried to help customers cope with the rising cost of living during the past years.

Supermarket 256

Supermarket Returns Marketing ATS 256

Retail TouchPoints

JANUARY 4, 2023

“Given the uncertain macroeconomic environment, over the last few months we have used different financing options to support capital expenditures, debt repayments, acquisitions, and working capital needs,” said an Amazon spokesperson in a statement sent to Reuters. The loan will help Amazon weather what could be a difficult year.

Finance 324

Finance 324

Retail TouchPoints

JULY 28, 2023

“To succeed in this market, retailers and brands should not overgeneralize when it comes to examining the drivers of consumer behavior,” said Jill Standish, Senior Managing Director and Global Lead for Accenture’s Retail industry practice in a statement. That means they’re thinking critically about how they spend their disposable income.

Consumer 238

Consumer Finance Marketing Planning 238

Retail TouchPoints

OCTOBER 28, 2021

Consumer purchasing power from growing income and household wealth will lead to record-breaking holiday sales this year, according to predictions from the National Retail Federation. Gift buyers are expected to shop early, extending the holiday season even as retailers grapple with inventory problems.

Consumer 314

Consumer Shopping Planning 314

Retail TouchPoints

JUNE 20, 2023

“Daniel has made exceptional contributions to the development of Alibaba Group since joining the company in 2007, and he demonstrated extraordinary leadership in navigating unprecedented uncertainties affecting our business over the past few years,” said incoming Chairman Tsai in a statement. “We

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Planning Management 273

Retail TouchPoints

JANUARY 26, 2024

billion , while the year’s adjusted net income of $441 million was down from $604 million in FY 2022. The productivity initiative was announced along with reporting for the company’s Q4 and FY 2023, which ended Nov. Net revenues for the year were flat compared to FY 2022, at $6.2

Wholesale 244

Wholesale Apparel Consumer ATS 244

Retail TouchPoints

MARCH 27, 2023

“We know that access to nutritious foods can deliver healthier outcomes, but a number of challenges have prevented healthcare providers from effectively adopting food as medicine programs at scale,” said Sarah Mastrorocco, VP and General Manager of Instacart Health in a statement.

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Promotions Planning Shopping Management 316

Retail TouchPoints

JULY 25, 2023

SSB has a strong foundation built on the company’s deep heritage in innovation and portfolio of leading brands,” said Mark Genender, the incoming Executive Chairman of the Board at SSB in a statement. “To Both Huff and Longworth are leaving the company.

Marketing 216

Marketing ATS 216

Retail TouchPoints

JANUARY 19, 2024

is laying off 13% of its corporate workforce, amounting to approximately 2,350 jobs, and plans to close five stores as incoming CEO Tony Spring prepares to take the reins. to become a more streamlined company,” a Macy’s spokesman said in a statement emailed to The New York Times. Macy’s, Inc.

Planning 253

Planning Customer Experience Management Consumer 253

Retail TouchPoints

JUNE 29, 2023

for Amazon customer returns in collaboration with Staples,” said Gopal Pillai, VP of Worldwide Returns and Recommerce at Amazon in a statement. Retail in a statement. “We’re thrilled to offer nearly 1,000 additional drop-off locations in the U.S.

Returns 271

Returns Fulfillment Location Planning 271

Retail TouchPoints

MARCH 15, 2024

3, 2024, compared to net income of $32.7 “Petco is a powerful brand with an unparalleled offering that meets every need for pets, providing necessary products and services for these family members each day to support their health and wellness,” said Mohan in a statement. “I Petco reported a net loss of $22.6

ATS 261

ATS Returns Wholesale Planning 261

Inside Retail

FEBRUARY 21, 2024

That’s for the obvious reason that when Simon’s income goes up it is partly because his tenants contribute more in terms of rent and other occupancy costs. Portfolio net operating income was up 4.9 per cent and net income reached US$2.28 And so it was last year. per cent, and average base rent per square metre was up 3.1

Accounting 130

Accounting Department Stores Finance Shopping 130

Retail TouchPoints

AUGUST 2, 2022

Online grocery shopping is a vital resource that improves access and convenience for all, including low-income families,” said Stacy Dean, USDA Deputy Undersecretary for Food, Nutrition and Consumer Services in a statement. “We We appreciate USDA’s thoughtfulness and stewardship of this crucial technical assistance.”.

Shopping 287

Shopping Planning Promotions Consumer 287

Small Biz Trends

APRIL 21, 2022

And the document that gets that done is called a cash flow statement. This statement helps small businesses see where cash flows in from and how it gets spent. What Exactly is a Cash Flow Statement? These cash flow statements are a big part of financial accounting. They are also called statements of cash flows.

Payment Services 116

Payment Services Finance Accounting Operating Expenses 116

Small Biz Trends

AUGUST 19, 2022

Loan documents are a series of forms and applications used to apply for a loan, including the promissory note, security agreement, and disclosure statement. In addition to business and financial information, the lender may also require statements of personal information, such as your credit score and your debt-to-income ratio.

Payment Services 128

Payment Services Accounting Finance Returns 128

Retail TouchPoints

APRIL 14, 2023

“Our strategic roadmap to transform Express to create shareholder value includes achieving profitable growth in our core Express business — which is our first priority — optimizing our omnichannel platform, and accelerating our growth and profitability through our partnership with WHP Global,” said Tim Baxter, CEO at Express in a statement.

Planning 254

Planning Fashion Customer Experience ATS 254

Retail TouchPoints

JULY 14, 2023

“Even though consumers plan to spend more on school and college-related items this year, they are still looking to find the best value and deals,” said Phil Rist, EVP of Strategy at Prosper in a statement. Deloitte Releases Gloomier Back-to-School Predictions However, not all experts agree that this will be a banner year for BTS.

Discount Store 237

Discount Store Department Stores Planning Accessories 237

Retail TouchPoints

NOVEMBER 3, 2023

I am immensely proud of the work we have done so far in reinventing and re-founding the company for its next phase of growth,” said Narasimhan in a statement to investors. “I said Michael Conway, Group President of International and Channel Development at Starbucks in a statement. “We through more hours and higher wages.

Planning 271

Planning Returns Marketing Accounting 271

Retail TouchPoints

AUGUST 24, 2022

The three-year plan aims to stabilize revenue, expand adjusted OIBDA ( operating income before depreciation and amortization ) margin and generate incremental free cash flow. in a statement. Prior to being appointed to his new role, Hunter led implementations including a harmonized payroll platform for QVC and HSN. “We

Finance 284

Finance Promotions Planning ATS 284

Retail TouchPoints

APRIL 11, 2023

. “Walmart’s lawsuit is an attempt to renegotiate the economic terms of the partnership it agreed to just a few years ago, or end the deal early,” said a Capital One spokesperson in a statement emailed to Seeking Alpha. The program produced about $214 million in net income that year.

Payment Services 271

Payment Services Accounting Marketing ATS 271

Retail TouchPoints

FEBRUARY 8, 2023

. “Our growing strength in owned brands is evident, given that just 12 months ago, the athleisure category was a massive white space opportunity for us and we now control high-quality brands across multiple price points,” said Doug Howe, incoming CEO of Designer Brands and current President of DSW in a statement.

Wholesale 244

Wholesale Planning Returns Management 244

Inside Retail

DECEMBER 19, 2023

Falling income growth is normalising lower consumption in China, with some industries experiencing declining revenue, as “companies are lowering prices to maintain their market share and avoid being squeezed out,” said Wang Dan, a Shanghai-based economist at Hang Seng Bank.

Retailing Pricing 263

Retailing Pricing Discount Store Consumer Supermarket 263

Retail TouchPoints

OCTOBER 9, 2020

The retailer will initially target female customers in suburban communities with a total household annual income ranging from $50,000 to $125,000. “We

Beauty and Health 299

Beauty and Health Location Consumer Store Operations 299

Inside Retail

OCTOBER 24, 2022

1’s unpaid super coupled with alleged unpaid income tax taking the total to $301,064.76 In documents filed with the County Court of Victoria, ATO claimed that the defendant failed to pay income tax for the relevant periods on or before the relevant due dates, according to The Australian Financial Review. “We in penalties.

Accounting 130

Accounting ATS Accessories Fashion 130

Retail TouchPoints

OCTOBER 19, 2021

The new DailyPay feature will give Big Lots’ store and distribution center workers daily access to earned income so they do not have to wait for a traditional payday. “Our people are invaluable to our success,” said Bruce Thorn, Big Lots CEO and President in statement.

Planning 256

Planning ATS 256

Retail TouchPoints

APRIL 28, 2023

Net income was $3.2 There’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy,” said Jassy in a statement. Amazon ’s net sales grew 9% year-over-year to $127.4 billion in Q1 2023. billion for the period, compared with a net loss of $3.8 billion in Q1 2022.

Fulfillment 340

Fulfillment Planning Customer Experience Management 340

Retail TouchPoints

OCTOBER 25, 2022

million ) on Adidas’ 2022 net income. Adidas does not tolerate antisemitism and any other sort of hate speech,” said Adidas in a statement. As a result, Adidas will end production of all Yeezy branded products and stop payment to Ye and his companies, effective immediately.

Fashion 229

Fashion 229

Inside Retail

JULY 11, 2022

In a statement released overnight, Gap said Syngal would depart her role, and leave the board with immediate effect. An incoming CEO faces a tough challenge. Sonia Syngal, the CEO of Gap, has quit suddenly as the US fashion giant’s board looks to address poor sales, especially at its traditional growth engine, price-oriented Old Navy.

Fashion 239

Fashion Management Planning Marketing 239

Retail TouchPoints

AUGUST 18, 2021

operating income on $5 billion in increased revenue, which is particularly impressive given the strength in its lower margin grocery-equivalent business that continues to grow share despite its massive scale,” said Charlie O’Shea, VP at Moody’s in commentary shared with Retail TouchPoints. Membership income increased 12.2%

Grocer 289

Grocer Advertising Fulfillment Shopping 289

Retail TouchPoints

JULY 13, 2022

It also will drive retail media income by providing a seamless way for CPG brands to reach customers in a personalized and ultra-targeted digital experience to drive incremental sales. The app also lays the foundation for future shopper benefits including delivery and endless aisle shopping.

Advertising 258

Advertising Shopping Location ATS 258

Retail TouchPoints

MAY 17, 2022

We are delighted to be partnering with Coinsource and facilitating simple access to bitcoin for our customers,” said Dave Wagner, Controller of Kwik Trip in a statement. “We Additionally, Kwik Trip Rewards members will have access to lower rates. “We

Location 269

Location Payment Services Kiosk ATS 269

Retail TouchPoints

MAY 5, 2022

Incoming CEO Harper has previously served as CEO of the plus-size retailer, from March 2011 until July 2016. Lisa brings tremendous direct-to-consumer experience to her new role at Torrid,” said Stefan Kaluzny, Chairman of Torrid’s Board of Directors in a statement.

Apparel 253

Apparel Accounting Management Consumer 253

Retail TouchPoints

NOVEMBER 15, 2021

“We are delighted to announce this transaction with Durational Capital Management that creates immediate and substantial value for shareholders and allows Casper to move forward on strong financial footing,” said Krim in a statement. “In

Management 321

Management ATS 321

Retail TouchPoints

JULY 12, 2022

Incoming CEO Owen’s promotion to the top role aligns with Dollar General’s reputation for promoting within. I am deeply honored to have the opportunity to build on Todd’s incredible tenure as CEO,” said Owen in a statement. He began his career with the company as a store manager trainee in Nashville, Tenn.

Promotions 279

Promotions Store Operations Planning Management 279

Retail TouchPoints

MARCH 18, 2022

The effort is part of the larger Amazon Housing Equity Fund , which features a $2 billion commitment to create and preserve 20,000 affordable homes for individuals and families earning moderate to low incomes in the areas of Amazon’s three major U.S. headquarters: Puget Sound, Arlington and Nashville, Tenn.

Location 238

Location Shopping Planning ATS 238

Retail TouchPoints

JULY 29, 2021

“Through this combined format, we aim to deliver the value and products customers trust from a DG Market with the continually-refreshed merchandise, including beauty and seasonal products, home décor and arts and crafts through pOpshelf,” said Todd Vasos, CEO of Dollar General in a statement. “We

Consumer 306

Consumer Apparel Location Planning 306

Inside Retail

FEBRUARY 20, 2024

In the same statement, Tony Coelho, a former US congressman and the primary author and sponsor of the Americans with Disabilities Act, commented that the opening the new store built with inclusive design elements is “a big moment” in the effort to make retail spaces more accessible and inclusive.

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Store Operations Point of Sale Location Fashion 130