Retail TouchPoints

MARCH 15, 2021

Known as the oldest department store in the U.S., Saadia added that he is putting together a team of at least 40 merchants, IT, operations and finance experts to lead the next chapter of the department store, and is actively on the hunt for a President. Lord & Taylor has had a rocky couple of years.

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Returns Department Stores Apparel Finance 279

Retail TouchPoints

FEBRUARY 9, 2024

Kering hasn’t made a formal announcement of its decision, but Jean-Marc Duplaix, the luxury giant’s Deputy CEO in charge of operations and finance, announced the news during the company’s recent earnings call, and Duplaix said in comments to WWD that Farfetch “is not a strategic partner for us.”

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Department Stores Boutique Finance Fashion 278

Inside Retail

OCTOBER 15, 2023

US-based retailer Showfields, the self-described “most interesting store in the world”, filed for bankruptcy this month and will be restructuring through a form of Chapter 11 bankruptcy created during Covid to help small businesses continue operations, reorganise, and maintain control of finances without creditors taking over.

Department Stores 278

Department Stores Finance Grocer Consumer 278

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. American Dream’s newest tenant will be The ADdress, a 55,000-square-foot multi-brand store in a space that previously had been leased by Century 21 , according to Glossy. 1, 2023 $8.8 The notice from U.S.

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Payment Services Department Stores Checkout Finance 276

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 will replace Oak Furnitureland’s outgoing finance boss Emily Tate who held the position for four years, Retail Week reports.

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Finance Department Stores Management Marketing 105

Retail TouchPoints

OCTOBER 28, 2020

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. Prior to Kohl’s she held senior finance positions with Walmart and May Department Stores , including as CFO of the Filene’s , Foley’s and Famous-Barr brands.

Finance 218

Finance Department Stores Accessories Planning 218

Retail Gazette

MARCH 11, 2025

The business has also promoted Debenhams finance director Phil Ellis to the role of new chief financial officer, replacing Stephen Morana with immediate effect. Rebuilt for the future and transformed into Britains leading online department store. Group chief executive Dan Finley said: Debenhams is back.

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Department Stores Fast Fashion Fashion Finance 90

Inside Retail

JANUARY 29, 2023

Department store David Jones is replacing its long-term own-brand credit-card partner American Express with Lattitude in a 10-year contract. Latitude CEO and MD Ahmed Fahour highlighted the significant opportunity David Jones offers the finance house, with annual sales above $2 billion and 59.5 million store visits in 2021.

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Department Stores Finance Accounting Customer Experience 225

Retail TouchPoints

JUNE 25, 2020

The coronavirus’ impact has forced several department store retailers into Chapter 11 bankruptcy and even liquidation in 2020, including JCPenney , Neiman Marcus and Lord & T aylor. billion in new financing will also make us a more stable, flexible company.”. Our lower cost base combined with the approximately $4.5

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Department Stores Finance Returns Management 232

Retail Gazette

APRIL 23, 2024

John Lewis executive finance director Bérangère Michel has resigned from the Partnership after 16 years. I have loved every moment of my time in both Waitrose and John Lewis and am extremely grateful for a varied, exciting and impactful career across supply chain, shops, finance and many other teams.

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Finance Planning Shopping Department Stores 118

Retail Gazette

APRIL 10, 2025

The Very Group chief finance and transformation officer Ben Fletcher said: We committed to a timely and transparent refinancing of our existing debt, and I am delighted to be able to share this update. The online department store swung to a pre-tax profit of 6.1m

Department Stores 76

Department Stores Finance Returns Planning 76

Retail Dive

OCTOBER 18, 2022

Anne Bramman arrived five years ago and oversaw a volatile period, including the family’s attempt to take the department store private.

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Finance Department Stores ATS 111

Retail Dive

JULY 15, 2024

The firms raised their bid in June, but their financing, tied in part to Macy’s own real estate, was lacking, the department store said Monday.

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Department Stores Finance 119

Retail Dive

MARCH 6, 2023

The department store insists it’s on a “strong financial footing,” but filings show ongoing volatility under its post-bankruptcy ownership.

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Finance Department Stores 119

Retail Dive

JULY 23, 2024

The Southern department store is also collecting about $485 million in new financing, and some of its lenders will have controlling stakes.

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Department Stores Finance 116

Inside Retail

AUGUST 27, 2024

A recent Myer trading update will have analysts and investors thinking long and carefully about the bold proposal by the department store for a merger with Premier Investments. Indeed, a strategic review prompted Myer to appoint KPMG Corporate Finance last February to pursue a sale of the three brands.

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Department Stores Apparel Specialty Retailers Fashion 147

Retail TouchPoints

NOVEMBER 4, 2020

According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic. Because of this ease, merchants have begun relying on POS financing to drive sales growth. In 2019 , the total market share of online U.S.

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Merchant Services Payment Services Accounting Jewelry 317

Retail Dive

DECEMBER 19, 2024

Activist investors are focused on finances, but the struggling department store may benefit more from studying its rival’s retail chops.

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Department Stores Finance 105

Retail Gazette

APRIL 28, 2024

Accounts filed at Companies House last week show that the businessman lent the department store chain £25.5m, and had committed to pay a further £7m following its year-end last April. Poon has now lent £106m in total to the luxury retailer, which now has no external debt.

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Department Stores Finance Accounting ATS 121

Retail TouchPoints

MARCH 1, 2024

She left a prestigious Wall Street position to start the company; similarly, Ken left a career in finance to join the company in 2007. That [department store] channel has had its issues in terms of growth, but [these retailers] are just as important to us as our dot-com business,” said Natori. “We

Department Stores 274

Department Stores Wholesale Finance Apparel 274

Retail Gazette

MARCH 25, 2024

Selfridges has lost its second finance chief in four months amid growing uncertainty over the luxury department store’s future ownership. The luxury department store is understood to have attracted interest from Saudi Arabia’s Public Investment Fund (PIF) and Gucci owner Kering.

Finance 64

Finance Department Stores ATS 64

Inside Retail

MAY 19, 2021

Covid-19 has had a polarising effect on consumers’ finances. The shift towards regionalisation and “shop local” campaigns has presented challenges for retailers, such as the decline in consumer use of larger department stores. There are four critical macro trends expected to shape how these considerations need to be made.

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Consumer Department Stores Finance Fulfillment 246

Retail TouchPoints

NOVEMBER 19, 2021

When the first department store opened more than 100 years ago, the goal was to offer a multitude of specialty goods to a large number of people. Today, online stores serve that same purpose, but brick-and-mortar retail remains a powerful mechanism for both buyers and sellers.

Fulfillment 305

Fulfillment Jewelry Consumer Inventory Management 305

A1 Retail

JANUARY 10, 2023

Similarly, the rush to buy gifts and Christmas party outfits benefitted clothing and department stores, which returned to growth in December, rising 1.5 The post Festive gatherings and holiday bookings boost hospitality and travel in December, while utility bills continue to impact finances appeared first on A1 Retail Magazine.

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Finance Outdoor Supermarket Department Stores 98

Retail TouchPoints

NOVEMBER 21, 2024

RTP: How will consumers be financing their holiday spending? Why are department stores declining? And you need to win on service on your website, your call center, in-store, wherever. Because when you go in you can’t find anyone to serve you.

Consumer 278

Consumer Payment Services Department Stores Finance 278

Retail Gazette

JANUARY 2, 2024

Selfridges’ Thai co-owner Central Group is seeking to take greater control of the department store and could snap up fellow shareholder Signa’s stake following its collapse. Selfridges’ owners separated its retail operations and property holdings into two separate companies — an “opco” and a “propco”.

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Department Stores Payment Services Finance Accounting 116

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

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Returns Department Stores Finance Store Operations 100

Retail Gazette

APRIL 24, 2025

Mounsey, who has been with the Waitrose owner for 13 years, has held multiple roles in the finance department including most recently as group finance and strategy director. Mounsey said: I’m honored and excited to take on the role of chief financial officer at such a transformative time for the Partnership.

Finance 59

Finance Marketing Department Stores ATS 59

Retail Gazette

AUGUST 23, 2024

John Lewis has stepped in to support former employees and customers tied to its in-store The Floor Room concessions, following its collapse earlier this month. The flooring retailer, which traded from 34 of John Lewis’ department stores, went into administration at the start of the month , resulting in 200 job losses.

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Department Stores Finance ATS 105

Retail TouchPoints

MARCH 1, 2022

And this year saw a welcome focus on not just identifying these brands but also creating the tools and infrastructure that would allow them to scale: the nuts and bolts of sourcing, distribution, financing and placement on store shelves and ecommerce websites.

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Beauty and Health Consumer Department Stores Finance 260

Retail Gazette

NOVEMBER 6, 2023

The disgraced boss was convicted of three charges of cheating the public revenue related to his bankrupt finance company, Swiss Rock Ltd. The department store chain fell into administration in 2016, around a year after billionaire Green sold the company to a consortium led by Chappell for £1.

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Department Stores Finance 102

Retail Gazette

MAY 29, 2024

M&S has poached Rightmove finance boss Alison Dolan as its new chief financial officer. Dolan will takeover from the high street retailer’s interim finance boss Jeremy Townsend, who will remain in post until May next year. “I want to thank Jeremy for all his hard work and support.

Finance 59

Finance Planning Shopping ATS 59

VMS

JANUARY 25, 2022

(Newport Beach, Calif.) – made an offer to purchase the department store retailer Kohl’s (Menomonee Falls, Wis.) It reportedly told the department store retailer that it obtained a “highly confident” letter from a bank ensuring their ability to attain a debt-financing package.

Visual Merchandising 93

Visual Merchandising Department Stores Finance Marketing 93

Shopping Center

SEPTEMBER 16, 2021

have received $250 million in financing for The Dayton’s Project, a historic redevelopment of 700 Nicollet Mall in downtown Minneapolis. The 12-story property was previously occupied by Dayton’s department store, which rebranded… The post Joint Venture Receives $250 Million in Financing for 1.2-Million-Square-Foot

Finance 52

Finance Department Stores Shopping 52

Retail Dive

JANUARY 19, 2022

The department store retailer has been sorting out its finances, digital operations and executive leadership over the past few years.

Department Stores 78

Department Stores Finance 78

VMS

NOVEMBER 7, 2022

The department store chain has partnered with Momentus Capital (Washington, D.C.) (New York) has created a funding effort to advance entrepreneurial growth, close wealth gaps and shatter systemic barriers faced by diverse-owned and underrepresented businesses, according to a company press release.

Department Stores 103

Department Stores Finance ATS 103

Retail TouchPoints

SEPTEMBER 5, 2024

Driscoll noted that “soundly financed” acquirers can support sustainable growth both for new brands as well as older, under-funded brands, providing the infrastructure, best practices and guidance required to mature. In some cases, M&A can even be a source for product expansion, clearer brand differentiation and innovation.

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Consumer Marketing Fashion Planning 276