Retail TouchPoints

AUGUST 27, 2020

The plan provides $400 million in exit financing and $400 million in new term loans. J.Crew Group has reached agreements with its landlords to improve lease terms for its stores, anticipating savings of approximately $70 million in 2020 and approximately $60 million in 2021. billion of the company’s secured debt into equity.

Finance 340

Finance Planning Store Operations Customer Experience 340

Retail TouchPoints

APRIL 18, 2023

Bryan Muehlberger, previously CIO of The Beachbody Company and Red Bull , will oversee all digital and information technology as Vuori’s CIO, including digital commerce and retail store technology.

Finance 321

Finance Fulfillment Planning Management 321

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 213

Finance Accounting Location Planning 213

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Arkhouse has withdrawn its other director nominations as part of the deal, and Clark and Markee will join the board’s finance committee, which will evaluate the acquisition proposal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 229

Finance Management Planning Store Operations 229

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 252

Wholesale Finance Promotions Planning 252

Retail TouchPoints

SEPTEMBER 19, 2023

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

Store Operations 242

Store Operations Shipping Fulfillment Store Layout 242

Retail TouchPoints

JANUARY 7, 2025

Review the four main methods of fraud with key functions within the business, such as store operations, returns management and finance, and discuss strategies they can employ to identify fraud, such as: Consumer Behavior Fraud: This involves practices like free renting, where consumers use an item once or twice and then quickly return it.

Returns 232

Returns Fulfillment Management Finance 232

Retail TouchPoints

OCTOBER 11, 2023

Stores in the Washington, D.C. The retailer, which debuted in 2019, has lined up financing from existing investors for a restructuring effort, according to WWD. million , is owed to debt financing firm Pipe Technologies. Georgetown district and in Brooklyn remain open. The largest debt, $1.4

Finance 204

Finance Location Visual Merchandising Store Operations 204

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. The deal will give Tuesday Morning access to REV’s fulfillment network, infrastructure, systems and technology and ecommerce capabilities.

Finance 244

Finance Fulfillment Planning Store Operations 244

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 177

Finance Boutique Location Planning 177

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 219

Promotions Finance Accounting Management 219

Retail TouchPoints

JUNE 7, 2022

The exclusive period was set to allow Franchise Group and its financing partners to finalize their due diligence and financing arrangements before the parties enter into a binding agreement. Franchise Group has offered to acquire the retailer for $60 per share , which would value the company at approximately $8 billion.

Home Furnishings 209

Home Furnishings Finance ATS Management 209

Retail TouchPoints

MARCH 26, 2024

The retailer also has changed its management structure, consolidating responsibilities among its top executives: Carrie Baker, President, Brand and Commercial, will expand her role to oversee Design and will continue to partner closely with Reiss on creative, product and brand evolution; Beth Clymer, President of Finance, Strategy and Administration, (..)

Finance 231

Finance Location Management Store Operations 231

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 249

Specialty Retailers Finance Promotions Marketing 249

Retail TouchPoints

OCTOBER 27, 2022

Computer vision company Trigo has raised $100 million in a new equity financing round. enter new geographies and develop its store and inventory management software application suite, StoreOS. The solution provider will use the funding to scale deployment of autonomous urban supermarkets across Europe and the U.S.,

Checkout 244

Checkout Inventory Management Supermarket Finance 244

Retail TouchPoints

JULY 18, 2023

I’m not even sure we have the funds to finance a liquidation of the business.” News and World Report article that quoted in-court statements by David’s Bridal financial advisor Surbhi Gupta: “Candidly, I don’t know if there are other viable options.

Finance 224

Finance Store Operations 224

Retail TouchPoints

MAY 18, 2023

Paula Dempsey, SVP of Finance and Investor Relations, will take on the role of interim CFO until a permanent successor is named. She has extensive retail experience, most recently as SVP of Corporate Finance for Mattress Firm , which was purchased by Tempur Sealy earlier this month.

Finance 200

Finance Accessories Apparel Management 200

365 Retail

NOVEMBER 12, 2024

With over 220 stores across the UK, Matalan is reinforcing its leadership team to drive its property and finance strategy as it continues delivering value to customers in an evolving retail landscape. James Dorling joins Matalan as Director of Property, tasked with managing and optimising the retailer’s expansive store network.

Finance 62

Finance Fashion Store Operations Planning 62

Retail TouchPoints

JULY 5, 2024

Department store services and technology, while not as big as grocery, could be a more accessible opportunity for Amazon and a great learning exercise.” To fund the acquisition, HBC has secured $1.15

Department Stores 276

Department Stores Finance Supermarket Accounting 276

Retail TouchPoints

SEPTEMBER 7, 2022

The firm was on board to help Franchise Group finance the deal, but negotiations ultimately fell through. Oak Street was previously involved with Kohl’s when the retailer sought to sell itself to Franchise Group for approximately $8 billion in July 2022.

Finance 249

Finance Location Planning Store Operations 249

Talking Retail

JUNE 16, 2021

Edinburgh’s largest family-run convenience store operator is to open its second East Lothian shop in Gullane on 23 June after securing £430,000 funding from HSBC UK. The funding has helped the retailer buy the Hall Crescent premises and finance the refurbishment of the property.

Finance 131

Finance Store Operations Shopping ATS 131

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 255

Consumer Store Operations Finance Apparel 255

Retail TouchPoints

FEBRUARY 21, 2024

Arkhouse Managing Partners Gavriel Kahane and Jonathon Blackwell said in a statement that the company has been privately working with the Macy’s board to resolve concerns about its takeover offer, namely Arkhouse’s financing sources and the purchase price. “We

Finance 221

Finance Management Planning ATS 221

Retail TouchPoints

MARCH 15, 2023

Prior to joining Five Below, Bull served in senior finance roles at other retailers, including Urban Outfitters. “I I joined Five Below when we operated just 27 stores,” said Bull in a statement. “As Bull has been with Five Below for 17 years and has held the CFO and Treasurer positions since 2012.

Planning 244

Planning Finance Promotions Location 244

Retail TouchPoints

FEBRUARY 4, 2022

All reviews of acquisition offers will be handled by the board’s Finance Committee, which was formed in a 2021 settlement agreement with Macellum Advisors and other shareholders. “The board is committed to acting in the best interest of shareholders and will continue to closely evaluate any opportunities to create value.”.

Planning 280

Planning Finance ATS Store Operations 280

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. sell off brands.

Wholesale 213

Wholesale Finance Fashion Planning 213

Retail TouchPoints

JANUARY 25, 2021

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. The accessories retailer has been experiencing financial difficulty for some time. 1, 2020.

Finance 228

Finance Accessories Location Planning 228

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 214

Finance Planning Merchandise Store Store Operations 214

Retail TouchPoints

JANUARY 18, 2024

He will wear both hats until Target names a new finance chief. As COO, Fiddelke will oversee Target’s nearly 2,000 stores, its global supply chain network, fulfillment services, network capacity planning, enterprise operations and the teams responsible for building and remodeling Target stores and facilities.

Fulfillment 214

Fulfillment Finance Accessories Apparel 214

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 146

Merchant Services Planning Finance Store Operations 146

Retail TouchPoints

JULY 6, 2020

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. million in debtor-in-possession financing, according to bankruptcy filings. “We Lucky Brand has obtained $15.6

Finance 182

Finance Wholesale Apparel Planning 182

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. Macy’s had eliminated the COO position, it turns out temporarily, in March 2021. Gennette will work with both Spring and Mitchell until his retirement to ensure a smooth transition.

Planning 235

Planning Home Furnishings Finance Management 235

Retail TouchPoints

AUGUST 8, 2023

Starting college is exciting for incoming freshmen, but that excitement is accompanied by anxiety and worry for both students and their parents, especially regarding finances and safety,” said Samantha Avivi, Chief Marketing Officer at Advance in a statement.

Finance 229

Finance Marketing Store Operations ATS 229

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 222

Advertising Store Operations Merchant Services Wholesale 222

Retail TouchPoints

JUNE 10, 2020

billion in new financing, including its previously announced $1.3 Our strong digital business sales trend continued throughout May, and it is encouraging to see that as we reopen a store, the digital business in that geography continues to be strong,” said Jeff Gennette, Chairman and CEO of Macy’s in a statement.

Finance 176

Finance Shopping Store Operations 176

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 will be rooting for everyone at Tailored Brands as you take these next steps.”.

Finance 229

Finance Shopping Store Operations ATS 229

Retail TouchPoints

DECEMBER 28, 2021

Separately, the 2020 Small Business Credit survey, fielded in Q3 and Q4 of 2020, showed bank financing varies significantly based on owner race and ethnicity. Most of the Cox-surveyed minority businesses owners are hopeful business will improve and finances will be sound. In 2020, there were approximately 31.7

Payment Services 267

Payment Services Finance Marketing Promotions 267