ASOS names second interim CFO amid turnaround plans
CFO Dive
FEBRUARY 13, 2023
Online fashion retailer ASOS swapped interim CFOs as it attempts to fend off economic headwinds and boost profitability.
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CFO Dive
MAY 12, 2023
Standards for gauging sustainability are gelling amid a backlash against government plans to require corporate disclosure on climate risk.
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From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Anaplan
APRIL 1, 2022
In retail, merchandising is the link between sales and marketing on the front end and supply chain at the back end. Merchandising tells retailers the all-important four Ws: what to sell, when to sell, where to sell, and who to sell to. These four Ws are critical for sales, marketing, and supply chain because retailers […].
From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Navigator SAP
SEPTEMBER 8, 2022
ERPs—Enterprise Resource Planning solutions—were first created as tools to manage inventory and quality control in large manufacturing organizations. However, advancements have allowed small businesses access to these benefits, including small retail software like SAP.
Navigator SAP
SEPTEMBER 23, 2022
The past couple of decades have seen massive transformations in the retail industry—from purely brick-and-mortar stores to online shopping, to dynamic and innovative customer experiences in both online and physical spaces. And as society and technology evolve, things will continue to change in the retail landscape.
Navigator SAP
JULY 9, 2022
One of the greatest advantages of enterprise resource planning (ERP) software is its flexibility. For instance, consumer product organizations can use SAP Business ByDesign in Retail. This product addresses issues specific to storekeepers, such as needs related to sales, inventory, logistics, warehousing, and e-commerce.
CFO Dive
MAY 26, 2023
As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.
PYMNTS
SEPTEMBER 30, 2020
Dramatic shifts are underway in the retail sector as it adjusts to consumers’ increasingly digital preferences. These retailers are accustomed to engaging with their customers in brick-and-mortar stores and building long-lasting relationships that lead to brand loyalty. Around The Buy Now, Pay Later World.
PYMNTS
JANUARY 18, 2021
Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. This same research suggests that more than 75 percent of all digital shifters say they plan to keep some or all of their digital habits.
PYMNTS
DECEMBER 24, 2020
When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. They and others have succeeded because they entered the market independent of traditional retail, and because their business model fit the needs of the pandemic.
PYMNTS
NOVEMBER 5, 2020
This in a week that has seen news reports that the world’s largest retailer has terminated its contract — and a 3-year-old automated shelf-stocking experiment — with San Francisco’s Bossa Nova Robotics , having found that existing “human” employees were able to do the same work just as well. The COVID Effect. Not Just Walmart.
PYMNTS
DECEMBER 28, 2020
Discount supermarket retailer Save A Lot unveiled the sale of 51 retail locations run by the company in the Tampa, Florida market to existing Save A Lot Retail Partner licensee Fresh Encounter. The latter company will keep running the retail locations with the Save A Lot name, according to a Monday (Dec.
PYMNTS
NOVEMBER 22, 2020
Despite a recent surge in coronavirus cases, retailers are fighting for a rework and loosening of shopping restrictions before Black Friday and the holiday season. Retailers that sell essential items alongside their other products have been labelled “essential,” giving them an unfair advantage over other stores, some allege.
CFO News Room
DECEMBER 1, 2022
While many retailers are discounting, canceling orders and otherwise scrambling to get rid of a glut of goods filling their stores and warehouses, some are embracing their higher inventory levels. . Oftentimes in retailing, customers face stockouts,” Mr. Gaur said. “If Discount retailers. Merchants including. Walmart Inc.
Centage
SEPTEMBER 13, 2022
There is some risk to using past performance to inform your long-term plans, and this can be compounded during times of economic uncertainty. Your company needs to make plans for the future. Your budget is a roadmap of your business’s financial goals and how you plan to reach them. What Is Financial Forecasting?
PYMNTS
JANUARY 6, 2021
As he told Webster, in previous iterations, the RTP system SPEI operated only during certain hours of the day, but now is 24/7, and the focus has, in the past few years, been on payments that are smaller than 8,000 pesos — which puts the bank’s emphasis squarely on small value, high volume retail transactions.
CFO News Room
NOVEMBER 23, 2022
Retail finance chiefs are entering the busiest shopping season of the year with declining profit margins as their companies offer more discounts to compete for sales and clear out excess stock. . Among retailers in the S&P 500 that reported financial results through Nov. in the third quarter from 13.2%
PYMNTS
DECEMBER 30, 2020
It noted that installment payment plans could be especially popular for these two groups because they tend to be more digitally savvy compared to older consumers and because they are likelier than other generations to value the financial flexibility such solutions offer. One study found that 41 percent of U.S.
Future CFO
OCTOBER 11, 2022
The face of retail has been changing since the start of digital transformation. Many traditional retailers have witnessed the rise of Amazon to dominate retailing – changing how consumers engage and make purchases. What is certain at this moment is that the evolution of retailing will continue. The toughest period.
CFO News Room
FEBRUARY 5, 2022
Higher government borrowing, no clarity on taxation for listing of India in the global bond index and no announcement on retail participation in debt funds put pressure on yields,” said Marzban Irani, CIO — fixed income, LIC Mutual Fund. The government will borrow Rs 14.95 lakh crore from the market, while net borrowing will be at Rs 11.2
CFO News
JULY 3, 2023
Sachinn R Joshi, Group CFO of L&T Financial Services, which is transitioning to a fully retail-focused company, says the company plans to rapidly increase its retail book from Rs 80,000 crore to Rs 1 lakh crore, thereby reducing the wholesale book to Rs 10,000 crore by March 2024.
CFO News Room
JANUARY 31, 2023
Ali is a Partner and the Managing Director for Waldron Private Wealth, a multi-family office based in Bridgeville, Pennsylvania that oversees nearly $3 billion in assets under management for 280 ultra-high-net-worth family households.
CFO News
JUNE 27, 2023
Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield India REIT are office space-backed REITs, While Nexus Select Trust is the first mall and retail-asset-backed REIT in India. Currently, there are only four listed REIT entities in India.
CFO Simplified
FEBRUARY 11, 2022
Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. His team serves as fractional CFOs to companies in many industries, from start-up to middle market, providing cash flow planning and other services that drive profitability.
PYMNTS
SEPTEMBER 27, 2020
Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations. After a recent $55 million capital raise , Sezzle plans to focus more on that area of business.
PYMNTS
AUGUST 21, 2020
Engaging customers in socially responsible causes can help retailers build trust and develop lasting relationships that translate into many return visits. Some retailers are engaging consumers by allowing them to use their BNPL accounts to donate directly to nonprofits they choose. Around The Buy Now, Pay Later World.
Navigator SAP
SEPTEMBER 10, 2022
Suppose you are a small business owner interested in utilizing the power of implementing Enterprise Resource Planning (ERP) software. In that case, the costs associated with this implementation of ERP for a small retail business may have crossed your mind.
PYMNTS
SEPTEMBER 29, 2020
But there are plans to expand it across Seattle, New York, Chicago and San Francisco, the company said. If it’s a hit with users, Amazon plans to bring it to other retailers as well as performance venues and the nation’s offices.
CFO News Room
FEBRUARY 5, 2022
Asking the Future Retail ’s 27 lenders to take a “realistic approach”” while reconsidering their decision, the Supreme Court on Tuesday asked them to explain in two days as to why they should not be restrained from declaring the Kishore Biyani firm as a defaulter for failing to pay their loan dues to the tune of Rs 3,494.56
CFO Plans
SEPTEMBER 24, 2024
Discover expert tax planning and accounting services designed to help you thrive. Effective tax planning and accounting are not just about compliance; they are about unlocking opportunities for growth and stability. For example, a small retail business implemented an automated invoicing system and reduced their billing errors by 30%.
Fpanda Club
MARCH 1, 2021
Being an emerging discipline within finance function, financial planning and analysis encompasses its own processes, tools, techniques and skills which should be optimized to meet constantly growing needs, requirements and responsibilities. APQC’s Open Standards Benchmarking® Performance Assessment in Planning and Management Accounting 3.
PYMNTS
DECEMBER 14, 2020
Although the installment concept is hardly new, Afterpay’s platform and growing catalog of retailers has brought fame and fortune to the company and its founders. A big part of Afterpay’s growth stems from the fact that its super-simple service is appealing to both customers and retailers alike. Preference For Debit. Lower Loss Rates.
PYMNTS
JANUARY 11, 2021
Amazon and Walmart are among the big retailers trying out a new way of handling refunds, according to a report from The Wall Street Journal (WSJ). A Walmart spokesperson, according to WSJ, said the option to keep the refunded item is usually for items the company doesn't plan to resell.
PYMNTS
OCTOBER 15, 2020
Retailers] are seeing double-digit higher conversion rates when an extended warranty is shown – not on the extended warranty, but conversion rates on the product itself,” Levin said. PYMNTS’ Retail Product Insurance Study found just such growing interest in extended warranties among some 2,700 online shoppers surveyed.
Nerd's Eye View
JANUARY 31, 2023
Ali is a Partner and the Managing Director for Waldron Private Wealth, a multi-family office based in Bridgeville, Pennsylvania that oversees nearly $3 billion in assets under management for 280 ultra-high-net-worth family households.
CFO News Room
NOVEMBER 18, 2022
The company was also named by Credit Suisse as its top pick in the off-price retail sector. The retail earnings meltdown may be suspended for the holidays. Carvana — Carvana dropped 6% after an internal message obtained by CNBC’s Scott Wapner said the company plans to lay off about 1,500 employees, or 8% of its workforce.
PYMNTS
DECEMBER 16, 2020
UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. Knowing the unique constraints the industry is facing this peak season, we worked with our carriers early on to collectively build a strategic plan of execution.”. But she added that "contingency plans are in place.”. Hot Topic Inc., Newegg Inc.
CFO News
MARCH 11, 2024
Madhabi Puri Buch, Sebi chairperson, expresses concerns over stretched valuations of small- and mid-cap stocks favored by retail investors. Sebi plans to bring in more disclosures on risk factors and allow T+ 0 trade settlement. AMFI directs mutual funds to provide additional disclosures.
CFO News Room
NOVEMBER 10, 2022
The Italian luxury automaker expects to introduce its first EV in 2025 and plans to be entirely carbon neutral by 2030. The company plans to increase the share of its energy it gets from renewable sources, reduce its CO 2 emissions, and diversify its sources of energy. But as the world shifts to electric, Ferrari is keeping pace.
CFO News Room
DECEMBER 10, 2022
Also in industry news this week: A recent survey indicates that retirement plan sponsors currently using financial advisors to support their plan are overwhelmingly satisfied with the service they receive, which also leads to improved retirement savings for their employees. Adam is an Associate Financial Planning Nerd at Kitces.com.
PYMNTS
OCTOBER 19, 2020
Whether that comes in the form of video, live chats or being on a first-name basis with a personal retail adviser, it’s all about personalization and the relationship. . This is where there is a very big difference between mass retail and luxury, as well as premium,” she said. “In
PYMNTS
DECEMBER 16, 2020
Results for businesses in the retail sector were on the whole quite mixed, with 35 percent of retail businesses PYMNTS surveyed reporting an increase in demand. Main Street retailers are optimistic that a vaccine will inoculate their businesses against failure. And SMBs plan to rely on digital more.
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