Holiday clues appear in October retail sales

CFO Dive

Consumers will be relying on credit cards, their savings and heavy discounts in what is shaping up to be an uncertain season for retailers

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How Does ERP Help in Retail Business?

Navigator SAP

The retail industry is growing exponentially year-over-year, partially due to the substantial profit margins that attract investors

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Nordstrom CFO latest retail exec to step down

CFO Dive

Nordstrom’s CFO is stepping down as retail financial leaders battle profit pressures, a glut of inventory and rising costs

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ERP for Small Retail Business

Navigator SAP

However, advancements have allowed small businesses access to these benefits, including small retail software like SAP Businesses are constantly looking for solutions and tools that will help them improve their efficiency and gain a competitive advantage in the market.

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Rising Retail Expectations

CFO News Room

Macy’s ( M ) shares shot up nearly 20% after the retailer raised its annual profit forecast, helped by strong demand for high-margin apparel from consumers returning to wedding and other social events, even as inflation dampens consumer purchasing power.

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Walmart Puts Retailers on Discount

CFO News Room

Walmart profit warning is sending chills through the retail universe, but those selling food and essentials should be better insulated against a harsh retail winter. America’s biggest retailer on Monday telegraphed that double-digit food inflation is pinching consumer wallets more than it previously expected. The drop is mostly due to declining demand and discounting for general merchandise such as apparel, which the retailer overstocked on.

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Retail Sales Decline in May

CFO News Room

Retail sales and food-services spending fell 0.3 From a year ago, retail sales are up 8.1 Total nominal retail sales remain well above the pre-pandemic trend (see first chart). In real terms, total retail sales were down 1.2 percent), miscellaneous store retailers (down 1.1

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Alter Domus on retail growth

Private Funds CFO

Firms eyeing retail should note 'constraints,’ says group sector head of private equity Tim Toska. News & Analysis daily

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Grinch: Ignore Black Friday Retail Forecasts

The Big Picture

It’s Black Friday and you know what that means: Lots of promotional sales and lots of holiday retail spending forecasts. Holiday retail sales have averaged an increase of 4.9% The post Grinch: Ignore Black Friday Retail Forecasts appeared first on The Big Picture.

How Does a Retail Company Benefit from ERP?

Navigator SAP

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. retail Advantages of ERP Consumer Products

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Retailers Are Getting Pinched More Than Consumers

CFO News Room

Unfortunately for many retailers, however, less of it could be on the wares that grace their aisles. Several rough earnings reports from major retailers have made investors question the health of the U.S. Even as higher prices make them blanch, Americans will probably keep on spending.

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Expedia swipes CFO from home retailer Williams-Sonoma

CFO Dive

Williams-Sonoma CFO Julie Whalen will move to the top financial seat for travel and hospitality service Expedia Group as it looks to enact a new sustainability strategy

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Reliance Retail is world’s second fastest-growing retailer: Deloitte report

CFO News Room

Reliance Retail is also the only Indian company to be featured for the fifth year in a row among the top 250 global retailers listed in the report, on the basis of its retail revenue growth in FY20. Last year was an eventful one for Reliance Retail.

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Tim Schöler, Chief Financial Officer, Mercedes-Benz Retail Group

Generation CFO

Initially, the retail business had to close in line with Government guidelines and then when it was safe to, they had to establish a new and safe way of working. “It The post Tim Schöler, Chief Financial Officer, Mercedes-Benz Retail Group appeared first on GENCFO.

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Retailers’ Holiday Discounts Are Steeper This Year, CFOs Say

CFO News Room

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. Some chief financial officers in the retail sector say markdowns are necessary to start the new year without the drag of excess stock on their shelves.

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Retail participation in stocks remains strong

CFO News Room

The share of retail investors in NSE’s cash turnover has surged to 45% in FY21 and is showing a similar trend in the first seven months of FY22. The portion of retail segment was 36% in FY17.

Retail Spending Rebounded in January

CFO News Room

Retail sales and food-services spending rose 3.8 However, today’s retail sales data are not adjusted for price changes. Still, total retail sales are up 13.0 Core retail sales, which exclude motor vehicle dealers and gasoline retailers, also jumped 3.8

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How ERP Is Used in Retail

Navigator SAP

For instance, consumer product organizations can use SAP Business ByDesign in Retail. One of the greatest advantages of enterprise resource planning (ERP) software is its flexibility.

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Furniture retailers adapt to supply chain chaos

CFO Dive

As some retailers extend lead times and amass inventory to manage delays, they're also building sourcing relationships beyond China and Vietnam

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Navigating inflation in retail: Six actions for retailers

McKinsey

Retailers are facing the possibility of persistent inflation—but they can meet that challenge in ways that streamline operations, retain customers, and drive profitable growth. Retail Insights Retail & Consumer Goods

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Top Retail Stocks for Q3 2022

CFO News Room

The retail industry provides a variety of finished goods, both durable and non-durable, to individual consumers and households. Products sold by retail companies include apparel, electronics, furniture, kitchenware, sporting goods, books, and toys. Retail sales in the U.S.

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Retailers Face Pressure to Offer Discounts While Battling Inflation

CFO News Room

Retailers and their finance chiefs are facing a challenge balancing consumer expectations for discounts and the need to keep raising prices to offset high inflation. Major retailers including. General and specialty retailers saw their days of inventory outstanding—a metric that describes how long a company holds its stock before turning it into sales—increase to an average of 63.7 Steve Caine, head of retail pricing at the advisory firm Bain & Co.

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Real Retail Sales Are Trending Flat

CFO News Room

Retail sales and food-services spending rose 0.5 However, today’s retail sales data are not adjusted for price changes. In real terms, total retail sales were down 0.7 Still, total retail sales are up 6.9 percent from a year ago while real retail sales are down 1.5

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Top Retail Stocks for Q2 2022

CFO News Room

The retail industry provides a variety of finished goods, both durable and non-durable, to individual consumers and households. Products sold by retail companies include apparel, electronics, furniture, kitchenware, sporting goods, books, and toys. Retail sales in the U.S.

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Transforming the EU retail and wholesale sector

McKinsey Public & Social Sector Insights

Retail Insights Retail environments EuropeTo capitalize on change, companies must invest in sustainability, digitalization, and skills and talent.

Not All Retailers Are Overstocked for the Holidays. They’re Discounting Anyway.

CFO News Room

Many big retailers are discounting heavily and earlier this holiday season to clear excess stock from their shelves and warehouses. Retail brands that use promotions as a marketing lever rather than a stock-clearing tool must balance the benefit of acquiring customers through attractive deals and discounts with protecting their brand value throughout the rest of the year. retail and distribution practice. .

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35% of retail execs to clear inventory: study

CFO Dive

Over one-third of executives surveyed said their companies are deeply discounting or taking other measures to get rid of excess inventory

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The state of grocery retail around the world

McKinsey Public & Social Sector Insights

A survey of more than 30,000 consumers and 100 grocery CEOs reveals the challenges—and opportunities—that grocery retailers face today. Retail Insights Retail & Consumer Goods Retail environments

The tech transformation imperative in retail

McKinsey

Retail Insights Retail & Consumer Goods Retail environmentsOrganizations face an urgent need to overhaul their tech architecture and operating model to keep pace with the changing landscape. Five concrete actions can accelerate the transformation journey.

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Amazon Loses Round One of Indian Retail Battle Royale

CFO News Room

from buying the country’s number two retailer. The episode won’t compel the e-commerce giant to back away from the country’s nearly $1 trillion retail market. Indian retail sales will amount to $1.3 The government’s tone is in line with changing dynamics in online retail as well.

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The Great Attrition in frontline retail—and what retailers can do about it

McKinsey Public & Social Sector Insights

New research reveals which aspects of the employee experience matter most to US frontline retail workers. Retailers must pay attention and act quickly or risk losing more than half their store staff. Retail Insights Retail & Consumer Goods Retail environments United States Talent

Retailers double down on dynamic pricing to protect margins

CFO Dive

Dynamic pricing helps CFOs protect company margins but is increasingly subject to scrutiny

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SC asks Future Retail’s lenders to take ‘realistic approach’

CFO News Room

He said that once FRL’s accounts are allowed to be declared as NPA, the retailer would go into insolvency which would not only “kill the company,” but nothing would survive to fight for. Markets News Amazon Chef Justice NV Ramana future group future retail amazon row SC future retail

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Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers

CFO News Room

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Total venture-capital funding for startups developing IoT technology specifically for retailers is on pace to drop 65.1% As the economy slows, retailers will need even greater access to near real-time sales and inventory information, said.

The big break: How retailers can break habits to support diverse-owned businesses

McKinsey Public & Social Sector Insights

And retailers should take note. Retail Insights Retail environments Retail & Consumer Goods Strategy Marketing & SalesOur recent consumer survey found two important facts about American consumers.

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