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Beyond Raises Red Flag on Container Store Partnership, Sets Jan. 31 Deadline to Pull Out

Retail TouchPoints

has raised concerns about its proposed partnership with The Container Store , saying it is concerned about the latter’s ability to secure the necessary financing and that it may terminate the deal if satisfactory financing is not secured by Jan. Bed Bath & Beyond parent company Beyond, Inc.

Finance 278
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Steve Madden Buys Kurt Geiger for $364.1 Million

Retail TouchPoints

store last month , with another five in development and plans to eventually operate 50 locations in the region. The Steve Madden board of directors has unanimously approved the transaction, which the company plans to fund with a combination of committed debt financing and cash on hand.

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Small business finance: Five tips for managing cash flow effectively

Inside Retail

For existing customers, Tyros electronic invoicing is a powerful e-commerce tool that lets you generate, send, and track all your invoices in one online location. It allows you to anticipate periods of positive or negative cash flow, enabling better financial planning and decision-making to navigate through financial challenges effectively.

Finance 130
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Seven & I vs Couche-Tard: A high-stakes takeover and regulatory battle

Inside Retail

The founding Ito family of Seven & I Holdings failed to secure financing for a US$58 billion management buyout in February, sending its shares plunging 11.7 Seven & I Holdings, formed in 2005 through the merger of Ito-Yokado, Seven-Eleven Japan, and Dennys Japan, boasts more than 80,000 7-Eleven locations in 20 countries and regions.

Finance 263
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Five Below Appoints New COO to Help it Pursue Triple Double Growth Plan

Retail TouchPoints

The company’s Triple Double growth plan was announced in March 2022 , when it set the goal of tripling its store count to more than 3,500 locations by the end of fiscal 2030 while at least doubling sales and growing operating margin by 14% by the end of fiscal 2025.

Planning 278
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99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down

Retail TouchPoints

99 Cents Only Stores will wind down its business and shutter its 371 locations across California, Texas, Arizona and Nevada after more than 40 years in operation. Hilco Real Estate will manage the sale of the company’s real estate assets, both owned and leased.

Location 263
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Paper Source Files for Bankruptcy, Plans to Keep Most Stores Open During Proceedings

Retail TouchPoints

million in financing. Paper Source already has begun closing 11 of its underperforming locations but will keep the remaining 147 stores and its ecommerce site open throughout the bankruptcy proceedings. The retailer has received a stalking horse bid from its current lenders, led by MidCap Financial, that would provide $16.5

Planning 299