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. TCG, like many other retailers, was forced to close stores during the pandemic and tried to improve online sales to survive.

Wholesale 274

Wholesale Finance Fashion Planning 274

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

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

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

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

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 TouchPoints

JULY 5, 2024

Negotiations for a potential purchase of the luxury department store retailer stretch as far back as 2017. Neiman Marcus filed for bankruptcy in 2020, and later shed nearly $4 billion in debt and began a transformation effort in early 2023. To fund the acquisition, HBC has secured $1.15

Department Stores 306

Department Stores Finance Supermarket Accounting 306

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 200

Finance Boutique Location Planning 200

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

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

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

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 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

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

FEBRUARY 15, 2023

Tuesday Morning has filed for Chapter 11 bankruptcy for the second time since 2020 in order to help reduce its outstanding liabilities and obtain the necessary capital required to turn the business around. million of debtor-in-possession financing to support ongoing operations during the proceedings.

Finance 277

Finance Marketing Management Store Operations 277

Retail TouchPoints

MARCH 18, 2021

Tailored Brands emerged from Chapter 11 bankruptcy in late 2020 and received $75 million in new financing earlier in March 2021. “I believe in the power of our brands and am confident the hard work we have done together has put the company on a path toward long-term growth and success.

Finance 246

Finance Shopping Store Operations ATS 246

Retail TouchPoints

AUGUST 7, 2020

Initial traffic reports, beginning when the pandemic broke internationally in January 2020 to present day, outline consumer behavior in countries farther into the COVID-19 timeline than the U.S. Below are takeaways from China and South Korea’s recovery from the COVID-19 pandemic: Global Traffic Insights: Looking At China And South Korea.

Consumer 264

Consumer Store Operations Finance Apparel 264

Retail TouchPoints

NOVEMBER 17, 2020

Supermajorities of the company’s noteholder groups have committed to vote in favor of the RSA plan, which Guitar Center forecasts will be completed before the end of 2020. Additionally, Guitar Center has negotiated $375 million in Debtor-In-Possession financing and plans to raise $335 million in new senior secured notes.

Planning 179

Planning Finance Shipping Management 179

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 264

Consumer Merchant Services Payment Services Drop-Shipping 264

Retail TouchPoints

JUNE 7, 2021

For this most recent acquisition, Staples filed for the necessary governmental antitrust approvals in November 2020 and the retailer has “made substantial progress responding to the governmental data and document requests issued in connection therewith,” according to its letter.

Finance 200

Finance Location Consumer Store Operations 200

Retail Wire

MAY 18, 2021

has raised its annual sales and earnings forecast based on a number of factors: stores operating on pre-pandemic terms, pent up shopping demand, increased disposable income and optimism around personal finances and the direction of the U.S. The department store operator announced that same-store sales jumped 63.9

Returns 100

Returns Department Stores Finance Store Operations 100

Retail TouchPoints

AUGUST 31, 2020

It will focus on making deposits in black-owned banks and offering financing to minority businesses, charter schools, affordable housing projects and athletic facilities to support economic development in communities of color starting in Q4 2020.

Finance 165

Finance Store Operations 165

Retail TouchPoints

APRIL 16, 2021

Kohl’s has named three new directors to its board as part of an agreement with a group of activist investors that have been pushing since December 2020 for a shakeup of the company’s leadership in an effort to alter the retailer’s trajectory. . of Kohl’s stock. “We Kingsbury will join this committee.

Finance 179

Finance Wholesale Apparel Fashion 179

Retail TouchPoints

JUNE 8, 2020

RTP: You also mentioned that until 2020, the company hadn’t faced any tests on the scale of COVID-19. RTP: Hand & Stone has been able to hold on to a high percentage of its membership, even when locations had to shut down and consumers have had a lot of worry over finances.

Location 205

Location Finance Consumer Promotions 205

Retail TouchPoints

AUGUST 4, 2023

The travel and tourism industry went through a shock in 2020, with the COVID-19 pandemic leading to a decrease in passenger traffic and significant economic challenges for airports. Prior to joining the Nayax family, Furman worked in public accounting and corporate finance, focusing on the biotech, fintech, and real estate sectors.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

Inside Retail

OCTOBER 5, 2023

Goldberger will work directly with president and COO Clark Linstone, chief marketing officer David Luebke, SVP of store operations Terre Wellington, other leaders of Lamps Plus, and team members from Nexus Capital Management. He formerly worked for Lockton Companies, a privately held insurance broker, as director of finance.

Outdoor 130

Outdoor Finance Accounting Accessories 130

Retail TouchPoints

MAY 28, 2020

The COVID-19 pandemic has divided the discount vertical: Essential retailers such as Dollar General and Dollar Tree , which were able to keep most stores open, posted strong sales gains, while The TJX Companies and Ross Stores , which were deemed non-essential, reported significant losses. of net sales in Q1 2020, compared to 23.1%

Markdowns 162

Markdowns Discount Store Finance Apparel 162

Mass Relators

MAY 14, 2021

demonstrates that household finances remain strong, and the economic recovery will likely continue to gain steam as we head into the summer months. The year-over-year increases for both March and April were unusually high because most stores were ordered to close beginning in mid-March last year. General merchandise stores were down 4.9%

Sporting Goods 52

Sporting Goods Home Furnishings Merchandise Store Finance 52

Retail TouchPoints

OCTOBER 7, 2020

At the beginning of 2020, Hudson kicked off its deployment of the Flooid platform to provide a new backbone for all transactions across its 1,010 travel convenience stores and specialty retail, which includes proprietary book and tech stores, duty-free shops and food and beverage concessions.

Payment Services 214

Payment Services Point of Sale Specialty Retailers Customer Experience 214

Inside Retail

MARCH 30, 2023

Adrian Mitchell, Macy’s chief financial officer since November 2020, will become chief operating officer and oversee the company’s store operations, technology and supply chains. Gennette, who started at Macy’s in 1983, said that he was retiring because it was the right time for him and his family.

Department Stores 130

Department Stores Finance Returns Supermarket 130

Inside Retail

FEBRUARY 27, 2023

From 2020-22, retailers took the opportunity to accelerate their digital transformations. As economies across the world reopen and store foot traffic enjoys a healthy rebound, many retailers are turning their attention to what they should do next with the investments that were made during the pandemic.

Payment Services 130

Payment Services Social Commerce Promotions Department Stores 130

Mass Relators

JUNE 22, 2022

.” Jassy added that as part of the organizational change, Amazon’s stores operations organization will be united under a single leader, John Felton, who will report to Herrington. “John has been at Amazon for nearly 18 years, spending 12 years in Retail and Operations finance leadership roles,” Jassy said.

Fulfillment 52

Fulfillment Finance Consumer Store Operations 52

Mass Relators

JANUARY 18, 2024

Since that time, he has held a variety of leadership positions across the organization, including finance, merchandising, human resources and store operations. Sando began her career with Target in 1997 and joined its leadership team in 2020.

Finance 52

Finance Accessories Apparel Fulfillment 52

Mass Relators

MARCH 31, 2024

In this role, she will continue to support DG’s store operations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico. Amanda Mathis has joined Dollar General as senior vice president, finance. . — Dollar General has promoted 18 executives to new roles at the company.

Promotions 52

Promotions Merchant Services Planning Beauty and Health 52

Mass Relators

JULY 11, 2022

Jassy added that as part of the organizational change, Amazon’s stores operations organization will be united under a single leader, John Felton, who will report to Herrington. John has been at Amazon for nearly 18 years, spending 12 years in Retail and Operations finance leadership roles,” Jassy said. “In

Fulfillment 40

Fulfillment Finance Consumer Store Operations 40

Mass Relators

JANUARY 21, 2023

As senior vice president and chief financial officer, he oversaw the development of the 2020 and Beyond Plan , which analyzed every facet of business at Associated Food Stores to identify opportunities for improvement. During his 18-year tenure with the company, he consistently pushed for innovation and growth.

Beauty and Health 52

Beauty and Health Grocer Merchant Services Consumer 52