Retail TouchPoints

APRIL 2, 2021

Leading Amazon rollup firm Thrasio has completed a $100 million Series C funding round, bringing the total raised since December 2020 to $1.35 Joe Falcao will move into a newly created role as SVP, Finance and Treasurer, helping Thrasio scale its treasury, tax and international finance functions.

Finance 294

Finance Consumer ATS 294

Retail TouchPoints

OCTOBER 19, 2022

Over the course of her 33-year career, Bramman has worked in different areas of finance with companies including Henri Bendel and Victoria’s Secret when the brands were part of L Brands. Maher has more than 25 years of finance and accounting experience and joined Nordstrom in 2009 as controller.

Finance 278

Finance Accounting Management ATS 278

Retail TouchPoints

MAY 12, 2023

Smith brings extensive experience in retail finance posts, including serving as CFO at Walmart from 2010 to 2014 and at Target from 2015 to 2020. Nordstrom has appointed Cathy R. Smith as its new CFO, effective May 29, 2023. Most recently, she was Chief Administrative Officer and CFO at Bright Health Group.

Finance 340

Finance Accounting Planning ATS 340

Retail TouchPoints

AUGUST 27, 2020

The plan provides $400 million in exit financing and $400 million in new term loans. J.Crew Group has reached agreements with its landlords to improve lease terms for its stores, anticipating savings of approximately $70 million in 2020 and approximately $60 million in 2021. billion of the company’s secured debt into equity.

Finance 348

Finance Planning Store Operations Customer Experience 348

Retail TouchPoints

JANUARY 25, 2021

As of December 2020, Francesca’s had approximately 4,540 employees, including 223 corporate workers. 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 264

Finance Accessories Location Planning 264

Retail TouchPoints

MARCH 15, 2021

for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020. Investment firm Saadia Group bought the Lord & Taylor store inventory, intellectual property and ecommerce assets for $12 million in October 2020 , but liquidation of all 38 Lord & Taylor stores and its website continued.

Returns 279

Returns Department Stores Apparel Finance 279

Retail TouchPoints

APRIL 7, 2021

The retailer plans to use this as an opportunity to negotiate with landlords as it restructures its finances, according to court papers. Its efforts fell short: retail revenue fell by 85% , and wholesale revenue by 70% in 2020.

Wholesale 274

Wholesale Finance Fashion Planning 274

Retail TouchPoints

MAY 10, 2021

Relich has been in the Interim CEO position since August 2020, having previously served as PSEB’s COO. Like Chang, Olson joined PacSun in 2006 and held multiple senior positions before being named Chief Brand Officer in July 2020. As Co-CEOs, Chang and Relich will have distinct oversight of key business functions.

Specialty Retailers 264

Specialty Retailers Finance Promotions Marketing 264

Retail TouchPoints

DECEMBER 28, 2021

In May 2020, McKinsey issued a report stating while the COVID-19 pandemic was shaking up small businesses across the board, it was disproportionately affecting minority-owned small businesses. Between March 2019 and June 2020, adoption of touchless payments , which includes contactless cards, mobile wallets and QR codes, increased 150%.

Payment Services 279

Payment Services Finance Marketing Promotions 279

Retail TouchPoints

OCTOBER 18, 2024

We know one-third of bridesmaids are engaged brides and almost half of brides are also bridesmaids,” said Kelly Cook, President of Brand, Technology and Finance at David’s Bridal in a statement. The retailer launched its wedding planning platform Pearl by David’s in January 2023.

Finance 290

Finance Accessories Shipping Accounting 290

Retail TouchPoints

SEPTEMBER 12, 2022

The funding, along with $3 million in convertible debt financing from certain Tuesday Morning leaders including CEO Fred Hand, will help the troubled retailer implement an omnichannel turnaround plan. Tuesday Morning was reportedly on the brink of going bankrupt for the second time since 2020, according to The Dallas Morning News.

Finance 246

Finance Fulfillment Planning Store Operations 246

Retail TouchPoints

OCTOBER 18, 2023

Prior to that she was EVP of Supply, North America at PVH from 2020 to 2021, building on an extensive tenure across several supply chain leadership roles for key businesses within the PVH portfolio, including Calvin Klein North America and The Underwear Group from 2013 to 2020.

Finance 278

Finance Accounting Store Operations Planning 278

Retail TouchPoints

APRIL 3, 2024

PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million , extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors.

Finance 245

Finance Fashion Planning Shopping 245

Retail TouchPoints

NOVEMBER 8, 2022

The investment was coupled with an additional $3 million in convertible debt financing from Tuesday Morning executives, including Hand, to support the company’s omnichannel turnaround and avoid bankruptcy for a second time since 2020.

Finance 290

Finance Marketing Management ATS 290

Retail TouchPoints

JUNE 10, 2020

Macy’s reported a preliminary Q1 2020 sales decline of 45% , to $3 billion , but the retailer expects to make a “gradual” recovery following a strong reopening effort. billion in new financing, including its previously announced $1.3 The company also has secured approximately $4.5 billion of 8.375% senior secured notes and a new $3.15

Finance 238

Finance Shopping Store Operations 238

Retail TouchPoints

JULY 28, 2020

billion in 2019, expects to fund the acquisition with a combination of cash on hand and fully committed financing available under its credit facility. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close by early in Q4 of 2020.

Finance 269

Finance Location Management Marketing 269

Retail TouchPoints

JUNE 25, 2020

Macy’s will reduce its corporate and management headcount by approximately 3,900 people as part of a cost restructuring expected to save approximately $365 million in fiscal 2020 and $630 million on an annualized basis. Macy’s closed all its stores on March 18, 2020 and began gradual reopenings in early May.

Department Stores 232

Department Stores Finance Returns Management 232

Retail Gazette

JULY 24, 2024

Patrick Lewis, the great-grandson of John Spedan Lewis, founder of the department store chain, has joined Oak Furnitureland as its new finance boss. Lewis was chief financial officer of the John Lewis Partnership for six years before stepping down from the role and exiting in December 2020.

Finance 105

Finance Department Stores Management Marketing 105

Retail TouchPoints

APRIL 13, 2021

In 2020, The Honest Co. The company also saw huge YoY revenue increases in key categories in 2020, including diapers and wipes (up 16.4% ), skin and personal care (up 35.5% ) and household and wellness (up 116.5% ). million in 2020, and the company has yet to have a profitable year since its founding. The Honest Co.

Finance 279

Finance Consumer Location Planning 279

Retail TouchPoints

DECEMBER 22, 2022

Prior to her role as President, Linnartz, who joined Marriott in 1997, held roles in sales, marketing and finance, rising to EVP and Global Chief Commercial Officer from 2013 to 2019 and serving as Group President of Consumer Operations, Technology and Emerging Businesses from 2020 to 2021. ”

Finance 289

Finance Customer Experience Consumer Marketing 289

Retail TouchPoints

MAY 10, 2024

Amazon already employs approximately 6,500 people in Cork, Dublin and Drogheda in a range of jobs including data engineers, operations management and finance. Amazon has invested more than €17 billion in Ireland since 2020, and Amazon Web Services’ (AWS) investment in cloud infrastructure has expanded Ireland’s economic output by almost €11.4

Fulfillment 258

Fulfillment Finance Returns Management 258

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. COVID-19 put a damper on the turnaround effort: Francesca’s reported drops of 29% in sales and 5% in comparable sales during Q2 2020 after traffic levels fell at brick-and-mortar retailers across the country.

Finance 200

Finance Boutique Location Planning 200

Retail TouchPoints

DECEMBER 8, 2022

A majority of American consumers have now used a BNPL service, up from 37.65% in July of 2020 — an increase of almost 50% in less than one year. Business lending has fewer regulatory hurdles than other financing types in the U.S. The industry is worth $97 billion and is set to see some significant growth in the coming years.

Payment Services 305

Payment Services Finance Consumer Returns 305

Retail TouchPoints

SEPTEMBER 28, 2022

Stores and Division President for Advance Auto Parts’ North division, which included Autopart International, from 2017 to 2020. Prior to his EVP appointment in March 2021, Creedon served as the President of U.S. Creedon also filled the company’s role of President of Autopart International from 2013 to 2017.

Finance 278

Finance Management ATS Marketing 278

Retail TouchPoints

JANUARY 6, 2022

Yahoo has partnered with ecommerce enablement software MikMak to offer add-to-cart functionality and ecommerce analytics for advertising campaigns on its properties, which include Yahoo Finance, TechCrunch and AOL.

Checkout 278

Checkout Advertising Finance Consumer 278

Retail TouchPoints

JULY 5, 2024

Neiman Marcus filed for bankruptcy in 2020, and later shed nearly $4 billion in debt and began a transformation effort in early 2023. In January 2024 Neiman Marcus CEO Geoffrey van Raemdonck had seemingly put an end to the long-brewing acquisition rumors, telling CNBC that he saw “no need” to sell the business.

Department Stores 306

Department Stores Finance Supermarket Accounting 306

Retail TouchPoints

AUGUST 14, 2020

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.

Apparel 247

Apparel Returns Finance Accessories 247

Retail TouchPoints

MAY 2, 2023

Tuesday Morning operated fewer than 500 stores when it made its latest bankruptcy filing in February, which was the second since 2020. million of debtor-in-possession financing to support ongoing operations during the 2023 proceedings — which led to Invictus opposing its plan to go out of business entirely.

Merchant Services 269

Merchant Services Finance Location Planning 269

Retail TouchPoints

JULY 6, 2020

The mall operator joined with Authentic Brands and mall owner Brookfield Property Partners to purchase Forever 21 out of bankruptcy in February 2020. million in debtor-in-possession financing, according to bankruptcy filings. “We Lucky Brand owes Simon Property Group $4.6 million in rent, according to court documents.

Finance 234

Finance Wholesale Apparel Planning 234

Retail TouchPoints

APRIL 25, 2022

Rite Aid’s concerns included that the Spear Point proposal provided no evidence of financing, required multiple months of exclusivity and then called for Rite Aid to spend months soliciting competing offers. million in Q4 2020, revenue increased by 2.5% , driven by a 12% increase in pharmacy sales. during the period.

Finance 287

Finance Management Planning Marketing 287

Retail TouchPoints

MARCH 29, 2023

Mitchell will lead the stores, technology and supply chain teams in addition to his current real estate and finance responsibilities. Mitchell, who has served as CFO since November 2020, has been integral to the development and execution of the retailer’s Polaris transformation strategy.

Planning 264

Planning Home Furnishings Finance Management 264

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. The new Square-specific Amex credit card, which will be powered by i2c Inc. and issued by Celtic Bank, will be the first credit card Square offers to U.S.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

Retail TouchPoints

OCTOBER 19, 2023

Viall will retain ownership of merchandising and product development functions and assume responsibility for the supply chain; and Kelly Cook, who joined David’s Bridal in 2019 as EVP, Chief Marketing and IT Officer, has been promoted to President of Brand, Technology and Finance.

Inventory Management 263

Inventory Management Promotions Finance Store Operations 263

Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. The mall reopened late in 2020 but continued to suffer from the overall decline in foot traffic caused by the pandemic, and ultimately reported a nearly $60 million loss in 2021. The group, led by JPMorgan Chase, has set a new maturity date of October 2026.

Payment Services 263

Payment Services Finance Accounting Shopping 263

Retail TouchPoints

OCTOBER 18, 2022

Miller is a retail and consumer finance veteran with over 30 years of experience at corporations including Sears , DFC Global Corp, Aramark , Nestle and Kraft. Miller has been a member of the Board of Directors since September 2015 and will continue to serve as a member of the Board during his latest turn at the helm.

Finance 274

Finance Returns Consumer ATS 274

Retail TouchPoints

MAY 6, 2021

Just three years later, in 2020, Walmart sold ModCloth to brand investment platform Go Global Retail , which is now selling it to Nogin. Tiger Finance, an affiliate of Tiger Group , provided a $6 million term loan to Nogin to help fund its purchase of the ModCloth assets from Global Retail for an undisclosed sum. .

Finance 232

Finance Accessories Fashion Consumer 232

Retail TouchPoints

NOVEMBER 3, 2021

Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. The three flagship stores will mark Glossier’s return to the brick-and-mortar space after shuttering all its stores in March 2020 due to the pandemic.

Finance 264

Finance Payment Services Accounting Returns 264