Retail TouchPoints

MARCH 15, 2023

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

Planning Finance Promotions Location 278

Retail TouchPoints

JANUARY 25, 2021

The deal is expected to preserve at least 275 of Francesca’s remaining 551 locations. 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. million in liabilities.

Finance 264

Finance Accessories Location Planning 264

Retail TouchPoints

SEPTEMBER 7, 2022

Under the terms of the agreement, the retailer would then lease back its stores. Kohl’s operates 1,100 locations and it is unknown how many would be sold to Oak Street as part of the deal. The firm was on board to help Franchise Group finance the deal, but negotiations ultimately fell through.

Finance 278

Finance Location Planning Store Operations 278

Retail TouchPoints

JULY 9, 2020

The retailer also plans to close half of its approximately 120 stores, a company spokesperson told CNN. Sur La Table has secured the necessary debtor-in-possession financing to complete the process. The company has reopened 121 locations as of July 4, and these stores will maintain operations during the bankruptcy process.

Finance 254

Finance Planning Location Store Operations 254

Retail TouchPoints

MARCH 26, 2024

During this period, Canada Goose opened two permanent stores — in the American Dream mall and in Kobe, Japan — and converted a temporary NYC store to permanent status, bringing its total brick-and-mortar count to 65 locations.

Finance 264

Finance Location Management Store Operations 264

Retail TouchPoints

JULY 6, 2020

However, Lucky Brand will immediately shutter 13 of its 210 locations, with additional closings possible. Lucky Brand has received new financing commitments from certain of its existing lenders that will provide sufficient liquidity to fund the business through the closing of the sale,” the company said. Lucky Brand has obtained $15.6

Finance 234

Finance Wholesale Apparel Planning 234

Retail TouchPoints

MAY 27, 2020

However, the complete halt of store operations for two months put the company in a financial position that can be effectively addressed only through a reorganization in Chapter 11.”. The retailer has secured $100 million in debtor-in-possession financing to continue operating during the restructuring process.

Merchant Services 165

Merchant Services Planning Finance Store Operations 165

Retail TouchPoints

AUGUST 14, 2020

After closing its five stores in response to COVID-19 orders, Rent the Runway is shutting them permanently, said President and COO Anushka Salinas in an interview with CNBC. While the company is leaving its locations in Chicago, Los Angeles, San Francisco and Washington, D.C.,

Apparel 247

Apparel Returns Finance Accessories 247

Retail TouchPoints

JULY 23, 2020

The company, which currently operates approximately 2,800 stores, has created a restructuring plan that includes closing a number of its brick-and-mortar stores, including all of its Catherines stores and a significant number of Justice stores. Bankruptcy Court for the Eastern District of Virginia.

Finance 165

Finance Store Operations Planning Location 165

Retail TouchPoints

AUGUST 9, 2024

Details About the New Retail Security Tax Credit To be eligible for this tax credit, a business must meet these requirements: Must have 25 or fewer total employees and must operate one or more physical retail locations that are open to the public. Must file a tax return pursuant to articles 9, 9-A or 33 of the tax law. 31 of each year.

Payment Services 279

Payment Services Finance Location Planning 279

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. Barach guides development and customer deployment of antuit.ai

Markdowns 278

Markdowns Retailing Pricing Promotions Fulfillment 278

Retail TouchPoints

AUGUST 31, 2022

The retailer has begun shuttering 150 lower-producing Bed Bath & Beyond stores and plans to cut its workforce by approximately 20% across the corporate and supply chain divisions. As of May 28, 2022, the retailer operated a total of 955 stores, including 769 Bed Bath & Beyond locations.

Customer Retention 289

Customer Retention Finance Fulfillment Planning 289

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 278

Payment Services Finance Location Planning 278

Retail TouchPoints

NOVEMBER 19, 2021

Data is also essential in deciding where to open new retail locations, as they must serve consumers coming in as well as those who are ordering from home. This empowers store employees to better supervise inventory, monitor sales, assess store demand and understand trends — all via mobile devices that can be used right on the shop floor.

Fulfillment 305

Fulfillment Jewelry Consumer Inventory Management 305

Retail TouchPoints

JUNE 22, 2020

Major malls and the retailers within them have suffered financial devastation for months as COVID-19 shutdowns prevented them from doing business — sometimes pitting two parties struggling with finances against one another. One case in point is playing out with mall operator Brookfield Property Partners and Gap Inc.

Payment Services 234

Payment Services Kiosk Finance Location 234

Retail TouchPoints

APRIL 13, 2022

Many people in finance and retail considered 2021 the “year of the cryptocurrency.” Another major sign of broad usage and acceptance came with Walmart’s move to offer Bitcoin purchasing and selling through Bitcoin ATMs in 200 of its store locations. Pick the right location(s).

Payment Services 274

Payment Services Finance Location Consumer 274

Retail TouchPoints

NOVEMBER 17, 2020

Additionally, Guitar Center has negotiated $375 million in Debtor-In-Possession financing and plans to raise $335 million in new senior secured notes. 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.

Planning 179

Planning Finance Shipping Management 179

Retail TouchPoints

JULY 9, 2021

Many others are seeing the benefits of outsourcing comprehensive energy efficiency as a service from reliable providers, and they have recently expanded their retail energy savings across multiple store locations. Today’s customer continues to reward them for it.

Management 264

Management Accounting Customer Experience Finance 264

Retail TouchPoints

JUNE 7, 2021

Staples also confirmed that it intends to provide Office Depot “with customary equity and debt financing commitment letters sufficient to provide all required funding for the transaction.”. “We We believe our proposal represents a compelling opportunity for the company and its shareholders,” said Staples in the 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

JUNE 8, 2020

Apparently, growth is a hard habit to break — even when a pandemic forces the shutdown of every one of your 465 locations. 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

SEPTEMBER 19, 2024

A digital-first brand with a direct-to-consumer model and an Instagram following of over 2 million, the brand’s first London pop-up in November 2017 saw more than 10,000 visitors in one week, while its first shoppable showroom in New York was open for almost two years and earned more revenue per square foot than the average Apple store.

Finance 263

Finance Shopping Visual Merchandising Location 263

Retail TouchPoints

FEBRUARY 7, 2023

The company has closed its remaining 50 Harmon stores as well as a number of underperforming Bed Bath & Beyond and buybuy BABY locations. However, people familiar with the matter later said discussions regarding a sale had stalled.

Accounting 277

Accounting Location Store Operations Finance 277

Retail TouchPoints

JANUARY 12, 2022

The off-price chain plans to open approximately 50 net new stores this year, and ramp up the pace of expansion to about 80 stores per year thereafter. The retailer unveiled its plans at a recent investor meeting and said it will target “under-penetrated geographies” for the new locations, in particular rural and small-town markets.

Planning 182

Planning Checkout Finance Returns 182

Retail TouchPoints

FEBRUARY 7, 2024

parent company of the Tommy Hilfiger and Calvin Klein brands, operates more than 6,000 stores in 40 countries. In North America that operation is led in part by Mike Brown, PVH’s VP of Store Operations and Finance, who describes his job as “ blending store tech with operational efficiency.”

Point of Sale 287

Point of Sale Promotions Inventory Management Grocer 287

Retail TouchPoints

OCTOBER 7, 2020

Hudson worked with landlords — airports, commuter hubs and travel destinations — to decide which locations it made sense to reopen based on travel demand. The company is now operating approximately half of its locations. Hudson Undertakes Companywide Transformation. Hudson grew tremendously leveraging this technology to the max.

Payment Services 214

Payment Services Point of Sale Specialty Retailers Customer Experience 214

Retail TouchPoints

AUGUST 9, 2023

This data-driven approach empowers businesses to comprehend foot traffic patterns, customer behavior and sales trends, facilitating well-informed decisions about store locations and layouts. BIM grants developers and retailers access to a rich repository of data concerning buildings and infrastructure, integrated with IoT sensors.

Planning 246

Planning Promotions Outdoor Finance 246

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

Retail executives, supported by finance and innovation teams, must pinpoint operational inefficiencies that can be mitigated through technology. Many retailers see a 4x return on their initial investment within a few months, thanks to broad applications spanning store operations, supply chain, e-commerce, and vendor relationships.

Inventory Management 111

Inventory Management Shrinkage Promotions Store Operations 111

Retail TouchPoints

MAY 28, 2020

Dollar Tree also increased payroll costs due to worker bonuses, but the growth was offset by reduced operating and corporate expenses, occupancy costs and advertising. The company has since reopened 700 stores, with the remaining stores slated for reopening to be reopened over the coming weeks.

Markdowns 162

Markdowns Discount Store Finance Apparel 162

Retalon

MARCH 21, 2025

Its typically built through a collaborative effort between finance, merchandising, marketing, supply chain, and store operations. Inventory levels: Forecasting stock requirements across locations to avoid stockouts or excess inventory. It helps retailers anticipate customer needs and stock accordingly. Why this matters?

Markdowns 41

Markdowns Finance Promotions Planning 41

Wiser

FEBRUARY 11, 2020

Do you need to know what is going on inside brick-and-mortar stores? Have questions around merchandising, inventory, category management, store operations, and more? ” Of course, a successful retail audit requires more than walking into a few stores and looking around. Then you may need to conduct a retail audit.

Finance 128

Finance Location Store Operations ATS 128

Retail TouchPoints

APRIL 15, 2024

With NetSuite, we have been able to improve productivity and create a centralized view of our finances, inventory and operations across both our ecommerce and retail channels.” Our production operated off of spreadsheets, and orders came in via Shopify.

Wholesale 130

Wholesale Shipping Boutique Finance 130

Small Biz Trends

DECEMBER 6, 2022

POS systems also offer finance and accounting data, such as custom dashboards, for greater oversight of business performance. With SumUp, retail stores can process payments faster in-store, and it can be used in multiple locations. For small businesses on a budget, the eHopper POS system can work great for a retail store.

Point of Sale 115

Point of Sale Payment Services Merchant Services Inventory Management 115

Retail Smart Guys

JANUARY 28, 2023

How much more if you need to handle multiple stores? Going over your inventory, finances, open-to-buy planning, etc., Well, this can be true if you are not using the right approach in handling multi-store accounts. So what is this by-store location method, and how can this be beneficial for you?

Planning 52

Planning Markdowns Finance Location 52

Inside Retail

FEBRUARY 27, 2023

Secondly, having a strong e-commerce channel enables customers to find products online that they may have struggled to locate in-store. Brands have started to scale their size and appeal impressively by leveraging e-commerce to reach beyond their niche appeal to broader and more diverse customer groups.

Payment Services 130

Payment Services Social Commerce Promotions Department Stores 130

Mass Relators

SEPTEMBER 12, 2022

The 53-year-old Garratt will remain responsible for the company’s finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as senior vice president of finance and strategy and has served as executive vice president and CFO since 2015.

Promotions 52

Promotions Store Operations Finance Management 52

I Vend

APRIL 2, 2025

Yes, of course retail software is about more than just POS, but POS is the very heart of a retail stores operations, so it must be fast, reliable and rich in function. It acts as a central hub for data, allowing departments such as finance, inventory, human resources, and supply chain management to work from a single, unified system.

Management 52

Management Payment Services Inventory Management Point of Sale 52