Retail

Strategist, adviser, communicator, futurist: Retail chief financial officers have seen their role broaden so much in recent years that, in some cases, they have become virtual partners with the CEO. Once responsible primarily for financial stewardship, the CFO is embracing a growing number of additional roles encompassing strategic planning, technology and perhaps even a bit of crystal ball gazing.

By Bill Davis, Director, MB&G Consulting

Broadening responsibilities at a business brings with it an exponential increase in worries. And retail is no exception.

New York -- Uniqlo is partnering with DOOB, a global provider of 3D technology-based products and services, on an interactive holiday campaign called the “Selfless Selfie Project. The program encourage people to take a selfie that isn’t as much about them but about giving back – such as pledging to do something to give back to their local community.

Imagine it’s a breezy Friday morning and tonight is your nephew’s birthday party. It’s completely slipped your mind, and there just isn’t time in your day to go shopping. But you don’t panic because this solution is routine. You go online, find the hottest toy, and hit Amazon Prime Air. Not too long after, a small “Octocopter” touches down on your doorstep to save your day.

A captivating scene. But when you scrutinize the feasibility of this concept, there are many challenges that may push small package drone models into the realm of wishful thinking.

Despite posting increases in consolidated net and comparable store sales, the Finish Line’s second-quarter results fell short of its expectations, thanks to softness in the specialty retailer’s basketball offering.

Despite the slowdown in basketball-related sales, the running-related sales increased in the mid-single digits, driven by casual and performance styles. Consolidated net sales were $466.9 million, an increase of 7.1% over the prior year period. Comparable store sales increased 1.5%.

Rack Room Shoes builds mobile loyalty program from ground up

Dallas – The Container Store has hired Pete Lodwick as VP and general counsel. Lodwick will lead both internal and external teams responsible for legal strategy, regulatory affairs, and corporate compliance.

Prior to joining The Container Store, Lodwick practiced for 34 years at the Dallas-based law firm Thompson & Knight in the corporate and securities department.