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  • Nike gets its footing — in the cloud

    With its epic product launches, Nike’s digital channels can get unprecedented levels of interest and demand. And crashes are unacceptable.   The athletic goods giant is on pace to hit $50 billion in revenue by 2020, a goal that Nike expects to hit with the support of its digital strategy, according to Mike Wittig, VP infrastructure, Nike.   

  • Survey: Don’t ignore online customers post-purchase

    What happens after an order is placed is crucial in driving website traffic and revenue.   

  • Iconic footwear brand in deal to expand worldwide

    Authentic Brands Group has taken a 51% stake in Frye, one of the nation’s oldest footwear brands, with an eye to expanding its footprint.   ABG will co-own the brand in partnership with Global Brands Group Holding Limited, from whom it acquired the stake. This is the first time ABG and Global Brands, who have had a long history of collaboration, co-own a brand.   

  • Quick-service chain sees big expansion push

    The Wendy’s Co. is bullish on expansion.   The chain wants to add approximately 1,000 locations by 2020, reported Nation’s Restaurant News.    

  • Accenture: Traditional loyalty programs waste ‘billions’ in digital age

    Organizations are throwing away billions of dollars annually on customer loyalty programs that just don’t work like they used to.   This was revealed in the Accenture report, “Seeing Beyond the Loyalty Illusion: It’s Time You Invest More Wisely.” The study gauges the experiences and attitudes of 25,426 consumers around the world about their current loyalty relationship with brands and organizations.  

  • The CFO’s Expanded Role in Profitably Managing the Retail Transformation

    With the retail environment undergoing the most complex changes in our generation, the sustainability of the current retail economic model is in question.    Historically, retail CFO’s, as the principal financial oficers, were primarily responsible for more traditional finance, treasury, regulatory, information delivery and related functions.   

  • Tech Bytes: Three ways to succeed on Singles’ Day — even if it’s half a world away

    Black Friday weekend is just around the corner. But as retailers remained focused on one-day sales, exclusive sneak peeks and door busters, they are missing the boat on a much more lucrative opportunity — Singles’ Day.  

  • Retail CEOs are most worried about…

    When it comes to what keeps retail CEOs up at night, put exchange rate volatility and over-regulation at the top of the list.

    That’s according to PwC’s 19th Annual Global CEO Survey, which explores top business concerns of retail and consumer product CEOs.

    Of the many different political, social and economic risks businesses face, those that concern retail sector CEOs the most are over- regulation (37% are extremely concerned), exchange rate volatility (36%), an increasing tax burden (33%), and social instability (29%).

  • New debt financing to support women’s lifestyle retailer’s store expansion

    Soft Surroundings has completed a dividend recapitalization that was financed through an expansion of the existing credit facility.

    The women’s lifestyle retailer is in the midst of a nationwide store expansion strategy, and the new debt financing includes a designated facility to fund future store openings. The company opened 11 new stores in 2015 and has identified over 15 locations for 2016.

  • Samsung Pay starts strong in U.S.

    The Samsung Pay mobile payment solution had a good first four weeks in the U.S.

    According to data released by Samsung Electronics, U.S. consumers who have paid with Samsung Pay so far have executed an average of eight transactions each.

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