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ASOS names second interim CFO amid turnaround plans

CFO Dive

Online fashion retailer ASOS swapped interim CFOs as it attempts to fend off economic headwinds and boost profitability.

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APAC retail organisations opt Workday Financial Management to drive profitability

Future CFO

Retail organisations in the Asia-Pacific region are selecting Workday Financial Management to drive greater profitability, according to a recent press release from the system software company. Retailers across the APAC region including Aesop, Charles & Keith, Kolmar Korea Holdings Co., Ltd, Mondelez, MUSINSA Co.,

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Latest Economic Data Sends Mixed Signals About Consumer Holiday Spend

PYMNTS

1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. New figures from the Bureau of Economic Analysis showed that personal income fell 2.7 It’s a quandary, experts say, that will partly depend on retailers’ efforts meeting customers where and how they want to shop.

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Retailers Reconsider Big Moves Amid Economic Uncertainty

PYMNTS

With the possibility of a potential recession looming, among other factors, retailers may be rethinking major decisions. At National Retail Federation’s Big Show in New York on Monday (Jan. And Hunter noted that, among other factors, retailers are having a harder time getting workers than before.

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Larry Chester Featured on NACD BoardTalk: Small and Medium-Sized Businesses: What’s Your Plan for 2022?

CFO Simplified

Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. When economic winds change, small and middle-market companies must be able to pivot. Take a look at his feature below: [link]. Where to Go From Here. appeared first on CFO Simplified.

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Nationwide Insurance Chief Economist Encourages Conditional Retail Forecasts

PYMNTS

Retailers looking for the shape of an economic recovery have had several letters to choose from. There’s nothing in the economic toolkit that addresses the coronavirus,” Berson told PYMNTS. There are things in the economic toolkit that address inflation. But the plan is so dependent upon how the virus propagates.

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Lord & Taylor Joins Retail Bankruptcy Watch

PYMNTS

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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