Remove 2016 Remove Accounting Remove Returns
article thumbnail

Mattress Firm Puts IPO on Ice, Citing Market Volatility

Retail TouchPoints

In January 2022, the mattress chain announced its plans to list on the New York Stock Exchange via an IPO that would have returned the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private.

Marketing 311
article thumbnail

Mattress Firm Files for IPO 6 Years After Going Private

Retail TouchPoints

Mattress Firm has publicly filed for an IPO that will return the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Under Armour Begins Search for New CEO as Frisk Steps Down

Retail TouchPoints

The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019. As we transition, we are committed to identifying additional opportunities to drive improved returns for our shareholders and deliver for athletes, partners and teammates.

Wholesale 288
article thumbnail

Why Redbubble is under pressure to reassure artists, investors ahead of AGM

Inside Retail

Co-founder Martin Hosking returned to the business in March to lead it back to growth. Since his return, Hosking’s short-term goal has been to reduce its cost base and become profitable “as soon as possible.” Standard accounts are subject to a monthly account fee, while Premium and Pro accounts are not.

article thumbnail

JB Hi-Fi taps new execs to its leadership team

Inside Retail

Wells has been Group CFO since 2014, overseeing the finance division and leading the acquisitions of The Good Guys in 2016 and E&S this year. With over 15 years of experience as a chartered accountant, Giansalvo will succeed Wells’ prior post. He returned to JB Hi-Fi as GM in 2016.

Finance 130
article thumbnail

Why Investors are Racing to Buy Up Amazon’s Hottest Third-Party Sellers

Retail TouchPoints

Rollup firms are typically able to buy these Amazon businesses at anywhere from 4X to 6X EBITDA, sometimes less, according to Thomson: “As long as you manage to keep the same efficiency that any one of those accounts had when they were a standalone, you can get a 15X to 25X valuation on your company. There is massive financial arbitrage here.

article thumbnail

What Retailers Can Learn from Grocers About Sustainability

Retail TouchPoints

Store waste analytics collects and records information about products, materials and resources that are discarded, damaged, expired or returned. Ray Hatch has served as President and CEO of Quest Resource Management Group (NASDAQ:QRHC) since February 2016. Retailers should strongly consider adopting these same practices.

Grocer 278