Inside Retail

NOVEMBER 4, 2021

Company reports for ASX-listed BNPL providers outline that the value of BNPL transactions grew by 55 per cent in 2019-20 , and in the last two financial years, BNPL transactions have tripled. Shift the financial risk with third-party business finance. Buy now pay later (BNPL) services have quickly become commonplace for consumers.

Payment Services 246

Payment Services Consumer Finance Wholesale 246

Retail TouchPoints

MARCH 15, 2021

for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020. Now Saadia Group is planning Lord & Taylor’s revival with a revamped website that initially will focus on women’s and men’s apparel, homewares and beauty, according to Women’s Wear Daily. “We

Returns 274

Returns Department Stores Apparel Finance 274

Retail TouchPoints

DECEMBER 7, 2020

The company will continue operating during the process by utilizing a $25 million debtor-in-possession loan from Tiger Finance. The company will go forward with previously announced plans to close 140 stores and renegotiate a number of leases at other locations, which may result in further closings.

Finance 177

Finance Boutique Location Planning 177

Retail TouchPoints

JANUARY 25, 2021

The retailer’s new owners plan to continue operating its corporate offices and will keep its management team and nearly all employees on board, according to The Wall Street Journal. Francesca’s entered into a $110 million loan credit agreement with Tiger Finance in August 2019 to enable a turnaround without the need for bankruptcy.

Finance 228

Finance Accessories Location Planning 228

Retail TouchPoints

NOVEMBER 16, 2022

It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business. Square plans to announce additional details about the card in 2023. The new Square-specific Amex credit card, which will be powered by i2c Inc.

Merchant Services 236

Merchant Services Finance Advertising Marketing 236

Inside Retail

OCTOBER 19, 2023

Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. billion since 2019.

Boutique 246

Boutique Finance Planning Supermarket 246

Retail TouchPoints

SEPTEMBER 6, 2024

The company announced plans to close 94 of its 300 stores immediately but had hoped to find a buyer for the remainder of the business. In 2019, LL Flooring agreed to pay $33 million in fines for misleading investors about levels of the chemical in its products.

Payment Services 209

Payment Services Finance Planning ATS 209

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall, which opened after a years-long delay in October 2019 , struggled (as many retailers and malls did) with COVID-19’s impact on in-person shopping. 14 for one floor of a planned two-floor space. 1, 2023 $8.8

Payment Services 221

Payment Services Department Stores Checkout Finance 221

Retail TouchPoints

OCTOBER 28, 2020

Crevoiserat joined Tapestry as CFO in August 2019 from Abercrombie & Fitch , where she was EVP and COO from February 2017 to June 2019. Prior to joining Abercrombie & Fitch, she served in a number of senior management roles at Kohl’s , including EVP of Finance and EVP of Merchandise Planning and Allocation.

Finance 155

Finance Department Stores Accessories Planning 155

Retail TouchPoints

NOVEMBER 4, 2024

After going public in 2019, the same year it acquired The Vitamin Shoppe and Sears Outlet brands, Franchise Group was taken private again by a consortium of financial partners in May 2023. In 2022, the company attempted to buy Kohl’s , but that deal fizzled out.

Home Furnishings 204

Home Furnishings Planning Finance Location 204

Retail Gazette

MAY 20, 2024

The debt-financing bill was 23% higher than the £593m incurred in 2022. In the wake of the sale, the supermarket abandoned a EV charging agreement it had signed in 2019 with Equans EV Solutions, which is owned by the French conglomerate, which gave it exclusive rights to install chargers at 273 of its forecourts.

Planning 119

Planning Payment Services Supermarket Grocer 119

Retail TouchPoints

APRIL 24, 2023

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.

Payment Services 234

Payment Services Finance Location Planning 234

Retail TouchPoints

AUGUST 14, 2020

Rent the Runway’s decision to permanently exit brick-and-mortar retailing continues its plan to drive down expenses. In addition to driving consumers online, the pandemic has prompted consumers to rethink their spending patterns, with 79% planning to reduce their apparel budget in the coming year.

Apparel 185

Apparel Returns Finance Accessories 185

Retail Gazette

JANUARY 20, 2025

Mulberry group finance director Charles Anderson is set to step down from his role, after joining the luxury retailer in 2019. Anderson said: “I would like to thank the board and my colleagues for their support in my time as group finance director. The luxury handbag specialist’s losses swelled to 15.7m

Finance 52

Finance Planning Fashion 52

Retail TouchPoints

DECEMBER 28, 2021

Between March 2019 and June 2020, adoption of touchless payments , which includes contactless cards, mobile wallets and QR codes, increased 150%. Separately, the 2020 Small Business Credit survey, fielded in Q3 and Q4 of 2020, showed bank financing varies significantly based on owner race and ethnicity. This includes approximately 5.2

Payment Services 267

Payment Services Finance Marketing Promotions 267

Inside Retail

SEPTEMBER 19, 2022

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. It is targeting 30 per cent annual sales growth by 2025. Since then, the brand has opened 10 more.

Fashion 130

Fashion Planning Marketing Management 130

Inside Retail

APRIL 13, 2022

B2B fashion e-commerce firm Zilingo has suspended its CEO, Ankiti Bose, after the company’s capital-raising plan led to questions about its accounting practices, according to Bloomberg. Questions were raised about the company’s finances during the due diligence process. .

Accounting 130

Accounting Finance Fashion Planning 130

Inside Retail

JANUARY 19, 2022

The brand had big plans to turn itself around pre-pandemic only to be shot down by the ever-increasing financial distress and store closures due to Covid. Kevin Walsh, director of finance, expressed that some commercial landlords were ‘reasonable’ and willing to negotiate to make things workout in 2020 and last year. .

Finance 130

Finance Apparel Fashion Planning 130

Retail TouchPoints

JANUARY 8, 2021

in 2019, 79.7% Although the fundamentals behind beginning a lifestyle business and a standard business are different, it’s important to note whether you’re chasing freedom or finance , both requirehard work. Step 1: Creating a plan for a solid foundation. Out of the 30.7 million small businesses in the U.S.

Clienteling 238

Clienteling Finance Planning Marketing 238

Retail TouchPoints

JANUARY 14, 2021

KeHE joined SmartWay in 2019 and relies on its tools and approaches to track and reduce emissions and fuel usage. This year we’ve also enhanced our demand planning capabilities through Manhattan’s DFIO software. The system assists in spoils mitigation, reducing our waste.

Supply Chain Management 188

Supply Chain Management Finance Employee Engagement Management 188

Inside Retail

FEBRUARY 19, 2023

Inside Retail was the first to report earlier this month that Wesfarmers has cut 100 jobs at Catch , with the redundancies impacting key departments including marketing, product and technology, and finance. Catch had around 450 employees when Wesfarmers acquired it in 2019, including around 200 head office staff.

Management 246

Management Finance Planning Accounting 246

Retail TouchPoints

DECEMBER 13, 2021

In fact, Cornerstone Advisors found that Gen Z consumers using BNPL grew from 6% in 2019 to 36% in 2021, and millennials’ use of BNPL is up to 41%. BNPL is a financing option that makes sense from a consumer perspective. However, BNPL companies also offer “installment plans,” which are similar to credit card terms.

Payment Services 246

Payment Services Consumer Returns Management 246

Retail TouchPoints

NOVEMBER 4, 2021

The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Shortages and Sticker Shock Heighten Holiday Stress. Stressed Consumers Spread Out Spending with BNPL.

Consumer 255

Consumer Merchant Services Payment Services Drop-Shipping 255

Retail TouchPoints

OCTOBER 15, 2020

compared to June 2019, as consumers continued to take to the web to shop for items for their patios and gardens, outdoor recreation, work-from-home needs, arts and crafts and more. Retailers Need to Anticipate Fraud Schemes. COVID-19 has caused consumer behavior similar to that of the holiday shopping season.

Payment Services 131

Payment Services Planning Accounting Loss Prevention 131

Inside Retail

DECEMBER 11, 2024

In 2019, private equity firm KKR made a $70 billion offer to buy Walgreens, back when the company was valued at over $55 billion. However, the deal was never finalised, partially due to waning private-equity appetite since high-profile flops, including that of Toys R Us, made financing such transactions much more difficult.

Finance 130

Finance Returns Fashion Management 130

Retail TouchPoints

DECEMBER 7, 2020

Overall, the four days from Thanksgiving through Sunday were down -49% compared to 2019. Black Friday, on the other hand, hurt — with only half as much traffic as in 2019. including as the Director of Corporate Store Operations and Finance. We saw steady improvement over the weekend as Saturday (Nov. 28) and Sunday (Nov.

Drop-Shipping 178

Drop-Shipping Shipping Store Operations Shopping 178

Inside Retail

JULY 14, 2024

In the same month, Zomato announced its plans to invest an additional US$53 million in Blinkit, further solidifying its commitment to the quick-commerce segment. In its most recent private financing round, in early 2022, Swiggy was valued at $15.8 The company is expected to raise about $1.85 billion through its Initial Public Offering.

Finance 130

Finance Fulfillment Planning Marketing 130

Inside Retail

FEBRUARY 4, 2024

The originally Finnish company was acquired back in 2019 by a consortium led by Chinese sportswear giant Anta and has since doubled the size of its business. Investors cautious about growing pains Amer Sports’ stock market debut signals that it has no plans of slowing down and is in fact looking to accelerate its growth.

Sporting Goods 130

Sporting Goods Outdoor Fashion Wholesale 130

Inside Retail

JULY 14, 2024

However, there are some factors that retailers have to keep in mind to ensure they aren’t placing energy or finances where it is not best applicable. Hiring the right people at the right time Another major issue retailers often encounter in preparing for the holiday season is poor planning of the number of employees needed per location.

Shopping 130

Shopping Fulfillment Shipping Inventory Management 130

Retail Gazette

AUGUST 4, 2023

Part of the plans could see it close 38 stores. This is on top of the 156 shops it closed back in December 2019 as part of a pre-pack administration , when its previous owner, the Weiss family that owns US giant American Greetings, snapped it back up.

Finance 98

Finance Planning Shopping ATS 98

Retail Gazette

JULY 26, 2023

The retailer drafted advisors from Interpath last last month to start preparing emergency restructuring plans after it terminated a formal sale process of its Hotter Shoes brand. Earlier this month Unbound revealed it was at risk of collapse as it sought to secure up to £2m in emergency funding from shareholders.

Finance 98

Finance Fashion Planning Management 98

Retail TouchPoints

SEPTEMBER 2, 2022

Inflation has tightened margins and supply chain issues have caused havoc with inventory planning. Ecommerce returns rates are on the rise, growing by 95% between 2014 and 2019. One of which, revenue-based financing business Wayflyer, achieved unicorn status in just over two years. Preventing, Reducing and Managing Returns.

Shipping 219

Shipping Fulfillment Returns Management 219

Retail Gazette

MAY 21, 2024

Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning The update comes after the mutual became the first UK retailer to adopt a sustainability-linked financing facility in 2019, with the new targets building on this commitment.

Finance 100

Finance Planning Management Supermarket 100

Rangeme

OCTOBER 8, 2024

Having to cash flow a production run for up to 60-90 days, then waiting another 60-90 days to be paid by a retailer is grueling, and most growing brands don’t have a plan in place to manage this situation. The post Finding the Right Financing for Your First Big Purchase Order appeared first on The RangeMe Blog. What’s next?

Finance 52

Finance Payment Services Customer Retention Fulfillment 52

Retail Gazette

APRIL 11, 2024

Former Morrisons operating and finance boss Trevor Strain will join the board in a non-executive capacity. We have a demonstrated history of investing in sponsored companies to drive growth, increase profitability and job creation—our plans for Poundstretcher are no different.

Finance 98

Finance Management Consumer Planning 98

Inside Retail

FEBRUARY 16, 2023

The start-up was launched in 2019 by CSIRO’s Main Sequence Ventures along with food industry leader, Jack Cowin – the owner of fast-food group Hungry Jacks – and former Masterfoods and PepsiCo research director, Nick Hazell.

Finance 130

Finance Management Fashion Planning 130

Retail Gazette

JUNE 23, 2024

She continued “Look at the high street names that aren’t here, but were here in 2019. This is a launch pad for the next phase of growth for the business and to be frank we’re in as solid a position as we could be given the five years we’ve had.” I’ve felt incredibly lucky.”

Finance 105

Finance Supermarket Returns Planning 105