Retail TouchPoints

DECEMBER 21, 2020

31 under a plan that has been confirmed by the U.S. The retailer plans to reduce its debt by $800 million and raise $350 million in new senior secured notes during the process. The money will be used to support ongoing operations, invest in strategic growth initiatives and help Guitar Center execute its business plan.

Planning 175

Planning Finance Shipping Store Operations 175

Retail TouchPoints

AUGUST 27, 2020

Bankruptcy Court for the Eastern District of Virginia has approved the J.Crew Group reorganization plan, paving the way for the parent company of J.Crew , J.Crew Factory and Madewell to emerge from Chapter 11 in early September. The plan provides $400 million in exit financing and $400 million in new term loans.

Finance 348

Finance Planning Store Operations Customer Experience 348

Retail TouchPoints

APRIL 18, 2023

He will be tasked with implementing new technologies including a modern ERP platform, a headless ecommerce solution, new finance and operations planning tools and a new product lifecycle management platform.

Finance 343

Finance Fulfillment Planning Management 343

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 175

Planning Finance Shipping Management 175

Retail TouchPoints

JUNE 12, 2023

Chico’s FAS has appointed David Oliver, SVP – Finance, Controller and Chief Accounting Officer, to the role of EVP – CFO and Chief Accounting Officer, effective June 24, 2023. Oliver has been with Chico’s since 2012 and served in multiple roles, including VP – Finance and Controller and Interim CFO and SVP – Controller.

Finance 260

Finance Accounting Location Planning 260

Retail TouchPoints

JULY 1, 2022

Enjoy will continue operating throughout the bankruptcy process but will wind down its operations in the UK, according to an SEC filing. The ultimate plan is to sell to the highest bidder. To fund its operations throughout the Chapter 11 proceedings, Enjoy has received a $2.5

Telecommunications 322

Telecommunications Finance Store Operations Consumer 322

Retail TouchPoints

JANUARY 13, 2023

The sale is part of an agreement that FORMA’s parent company, FB Debt Financing Guarantor, reached with an entity controlled by the agent under FORMA Brands’ existing secured debt. These lenders include Jefferies Finance and funds managed by Cerberus Capital Management and FB Intermediate Holdings.

Wholesale 284

Wholesale Finance Promotions Planning 284

Retail TouchPoints

APRIL 10, 2024

Arkhouse has withdrawn its other director nominations as part of the deal, and Clark and Markee will join the board’s finance committee, which will evaluate the acquisition proposal from Arkhouse and Brigade Capital Management that began in December 2023 with a $5.8 Markee, as independent members of its board of directors. billion buyout bid.

Finance 261

Finance Management Planning Store Operations 261

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 162

Merchant Services Planning Finance Store Operations 162

Retail TouchPoints

JANUARY 12, 2022

Home discount retailer Big Lots is returning to expansion mode after more than a decade of flat store growth, with plans to open as many as 500 new stores in the next six to seven years. Big Lots currently operates 1,431 stores across the U.S.

Planning 176

Planning Checkout Finance Returns 176

Retail TouchPoints

APRIL 7, 2021

The company plans to reduce its debt and give senior lenders additional ownership as it seeks to reverse its fortunes or, potentially. The retailer plans to use this as an opportunity to negotiate with landlords as it restructures its finances, according to court papers. sell off brands.

Wholesale 269

Wholesale Finance Fashion Planning 269

Retail TouchPoints

MARCH 18, 2024

As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and other parties that includes commitments for approximately $132 million in new financing. The 800+ -store crafts retailer has initiated voluntary prepackaged Chapter 11 cases in the U.S.

Finance 260

Finance Planning Merchandise Store Store Operations 260

Retail TouchPoints

JANUARY 18, 2024

He will wear both hats until Target names a new finance chief. Current COO John Mulligan announced his retirement plans in October 2023. Target has tapped Michael Fiddelke, who has served as the retailer’s CFO since November 2019, to add the COO role to his responsibilities.

Fulfillment 260

Fulfillment Finance Accessories Apparel 260

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. The shareholders deserve more and we have a plan to give them that.”. I would love to hear it, as I suspect shareholders would.

Finance 282

Finance Management Planning Marketing 282

Retail TouchPoints

AUGUST 26, 2022

He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

Promotions 260

Promotions Finance Accounting Management 260

Retail TouchPoints

MAY 2, 2023

Tuesday Morning has received permission from a bankruptcy judge to wind down its operations after nearly 50 years in business despite an objection from one of its investors. Tuesday Morning operated fewer than 500 stores when it made its latest bankruptcy filing in February, which was the second since 2020.

Merchant Services 265

Merchant Services Finance Location Planning 265

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. We look forward to the partnership with REV and Ayon.”.

Finance 246

Finance Fulfillment Planning Store Operations 246

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.

Finance 249

Finance Planning Location Store Operations 249

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 194

Finance Boutique Location Planning 194

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. The manufacturer and retailer of vintage-inspired casual apparel plans to continue operating the majority of its stores, along with its e-Commerce site and wholesale business, during bankruptcy.

Finance 228

Finance Wholesale Apparel Planning 228

Retail TouchPoints

JANUARY 25, 2023

SSB will maintain its usual operations during the proceedings and will continue filling orders for its partners. The company also will maintain its plans to make “meaningful launches” for the Serta and Beautyrest brands this year. Early 2023 has proven to be a volatile time for mattress retailers.

Finance 273

Finance Planning Store Operations ATS 273

Retail TouchPoints

SEPTEMBER 7, 2022

The firm was on board to help Franchise Group finance the deal, but negotiations ultimately fell through. The firm also planned to engage in a similar deal with Kohl’s earlier in 2022, but that was contingent on Acacia Research and Starboard Value’s failed $9 billion bid for the retailer succeeding.

Finance 274

Finance Location Planning Store Operations 274

Retail TouchPoints

MAY 10, 2021

Relich will oversee operations, including sourcing/supply chain, distribution, planning and allocation, IT, finance, legal and human resources. Chang will set and drive PacSun’s brand strategy, including design, merchandising, marketing, retail and ecommerce. Both will serve on the company’s Board of Directors.

Specialty Retailers 261

Specialty Retailers Finance Promotions Marketing 261

Retail TouchPoints

JANUARY 25, 2021

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. 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 261

Finance Accessories Location Planning 261

Retail TouchPoints

AUGUST 31, 2022

Bed Bath & Beyond , facing a comp store sales decline of 26% for the quarter that ended Aug. 27, 2022, has announced a combination of store closures and layoffs designed to reduce its SG&A (selling, general and administrative) expenses by $250 million in fiscal 2022. billion asset-backed revolving credit facility.

Customer Retention 284

Customer Retention Finance Fulfillment Planning 284

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The 35 brands that will be represented each have individual leases, but American Dream will staff the store, provide a shared checkout experience and host a loyalty program. 14 for one floor of a planned two-floor space.

Payment Services 271

Payment Services Department Stores Checkout Finance 271

Retail TouchPoints

DECEMBER 20, 2023

Over three -plus years, I have had the honor of speaking with industry pros who have rich backgrounds in tech, marketing and advertising, operations, finance and so much more. The Retail Remix podcast was developed to feature the founders, executives and practitioners shaping retail’s future.

Advertising 261

Advertising Store Operations Merchant Services Wholesale 261

Retail TouchPoints

AUGUST 3, 2021

Stojo’s commitment to practical sustainability has been baked in from its beginnings, according to CEO Jurrien Swarts, who had been working in finance prior to the company’s launch in 2014. Swarts shared how Stojo plans to make its products “Tupperware 2.0 for millennial and Gen Z consumers” with products people are “proud to use.”.

Consumer 335

Consumer Shipping Finance Planning 335

Retail TouchPoints

FEBRUARY 21, 2024

Macy’s ignored the offer until Arkhouse and Brigade pushed for a response in January 2023, following news of plans for layoffs and store closures as new CEO Tony Spring prepared to take the reins. shareholders.”

Finance 261

Finance Management Planning ATS 261

Retail TouchPoints

AUGUST 14, 2020

Rent the Runway’s decision to permanently exit brick-and-mortar retailing continues its plan to drive down expenses. In addition to driving consumers online, the pandemic has prompted consumers to rethink their spending patterns, with 79% planning to reduce their apparel budget in the coming year.

Apparel 242

Apparel Returns Finance Accessories 242

Retail TouchPoints

AUGUST 7, 2020

His experience includes strategic planning and analysis, direction of store finance and store operations, store systems integration and project management, store sales and management, training design and merchandising.

Consumer 261

Consumer Store Operations Finance Apparel 261

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. And don’t forget the shopper looking for that end-of-season deal.

Markdowns 274

Markdowns Retailing Pricing Promotions Fulfillment 274

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 273

Payment Services Finance Location Planning 273

Retail TouchPoints

AUGUST 9, 2024

Hochul’s five-point policy plan aimed at creating more secure environments for both businesses and consumers. While the New York State government has yet to make the link to apply available, interested business owners can visit the New York Department of Taxation and Finance website for more information to come. 31 of each year.

Payment Services 274

Payment Services Finance Location Planning 274

Retail TouchPoints

AUGUST 9, 2023

Downtown Miami In October 2009, Miami’s Downtown Development Authority (DDA) published its 2025 Downtown Master Plan, aiming to revitalize the downtown district by leveraging its iconic waterfront, elevate its Grand Boulevards and establish it as the business and cultural epicenter of the Americas. and Brickell Ave.

Planning 246

Planning Promotions Outdoor Finance 246

Retail TouchPoints

DECEMBER 28, 2021

In trying to get their business off the ground, two-thirds of Cox survey respondents, especially owners aged 18-29 years, cited their biggest challenges as access to funding (59%), growing their customer base (52%) and planning and structuring their business (41%). In 2020, there were approximately 31.7 This includes approximately 5.2

Payment Services 274

Payment Services Finance Marketing Promotions 274

Retail TouchPoints

DECEMBER 7, 2020

Since the numbers are high for early shoppers and the majority of those surveyed said that they were not going to visit stores, the actual traffic results should not come as any surprise. including as the Director of Corporate Store Operations and Finance.

Drop-Shipping 238

Drop-Shipping Shipping Store Operations Shopping 238