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Nordstrom Names Ex-Target and Walmart CFO to Top Financial Post

Retail TouchPoints

Smith brings extensive experience in retail finance posts, including serving as CFO at Walmart from 2010 to 2014 and at Target from 2015 to 2020. Interim CFO Michael Maher will be leaving Nordstrom to pursue other opportunities but will remain with the company through June 16 to facilitate a smooth transition.

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Former L’Occitane CEO Looks to Acquire, Privatize the Company

Retail TouchPoints

USD) per share since the company’s IPO on the Hong Kong Stock Exchange in 2010. The offer is subject to a minimum 90% acceptance threshold by shareholders other than L’Occitane Groupe. dollars)— more than the all-time-high closing price of HK$33.60 (approximately $4.03

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FTC Imposes 5-Year Ban on Rite Aid’s ‘Reckless’ Use of AI-Based Facial Recognition

Retail TouchPoints

The FTC complaint said that from 2012 to 2020, store employees using this technology erroneously accused customers of wrongdoing based on “thousands” of false positive matches with a database of shoplifters and other troublemakers. The FTC also said these actions unfairly targeted Black, Asian, Latino and female customers.

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Kendra Scott Launches Foundation to Empower Women

Retail TouchPoints

Since 2010, the company has donated more than $50 million to local, national and international causes. “My I have always strived to use my talents to improve the lives of others, especially women who need to be connected to sources that will help them flourish.”

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How Kids Foot Locker Inspires Gen Alpha…from TikTok to the Metaverse

Retail TouchPoints

While many brands and retailers are focusing on engaging Gen Z, Gen Alpha is slowly creeping into the picture. Gen Alpha — consumers born after 2010 — have grown up immersed in technology.

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Kendra Scott on Putting Philanthropy First — and How She Will Continue to Empower Women

Retail TouchPoints

I have always strived to use my talents to improve the lives of others, especially women who need to be connected to sources that will help them flourish ,” said Scott in an interview with Retail TouchPoints. In fact, its operations will help Kendra Scott’s other philanthropic efforts reach more people than ever before. “

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Kroger, Albertsons Execs Defend Merger to Senate Committee, Say Consolidation is Needed to Compete with Walmart and Amazon

Retail TouchPoints

supermarkets that compete directly with each other. “The transaction will result in significant lessening of competition as Kroger and Albertsons are the two biggest U.S. The most likely outcome is increased prices, fewer choices for consumers and reduced supermarket access for some consumers.”.

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