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Ron Johnson’s Enjoy Technology Files for Bankruptcy, Set to be Sold

Retail TouchPoints

To fund its operations throughout the Chapter 11 proceedings, Enjoy has received a $2.5 million bridge loan and a financing commitment of $55 million from tech services company A s urion. Johnson co-founded Enjoy in 2014 after leaving JCPenney and currently serves as its CEO.

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Dollar General Promotes New President and CFO Following Strong Quarter

Retail TouchPoints

He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

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Exclusive Q&A: How Stojo’s Sustainable Cups Spread from the MOMA Store to Target

Retail TouchPoints

Stojo recently began distribution of its products in both Target stores and via Target.com. Stojo’s commitment to practical sustainability has been baked in from its beginnings, according to CEO Jurrien Swarts, who had been working in finance prior to the company’s launch in 2014.

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Bed Bath & Beyond Prepares to Wind Down Operations in Chapter 11

Retail TouchPoints

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

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Report: Rent The Runway Exits Brick-And-Mortar

Retail TouchPoints

At the beginning of the pandemic, CEO and Cofounder Jennifer Hyman cut costs by 51% , raised additional financing and scaled back capital outlay by shifting from buying merchandise to a revenue-sharing consignment model, according to a July 2020 article in The Wall Street Journal.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

In 2014, cybercriminals used a third-party vendor’s credentials to enter Home Depot’s network and deployed malware on the self-checkout systems to steal customer information.

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Garratt named Dollar General president

Mass Relators

The 53-year-old Garratt will remain responsible for the company’s finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as senior vice president of finance and strategy and has served as executive vice president and CFO since 2015.