Remove Customer Experience Remove Finance Remove Planning Remove Store Operations
article thumbnail

Guitar Center Plans Bankruptcy Filing, Mulls Potential Store Closings

Retail TouchPoints

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 161
article thumbnail

Joann Enters Structured Bankruptcy; Stores and Site to Remain Operational

Retail TouchPoints

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 256
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Top 5 Retail Remix Episodes of 2023

Retail TouchPoints

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. Let’s begin the countdown… 5.

article thumbnail

J.Crew To Exit Bankruptcy With More Than 300 Stores

Retail TouchPoints

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
article thumbnail

The Future of Retail: How Top Brands Choose In-Store Tech

RETAIL MANAGEMENT SOFTWARE

According to recent research, nearly half of all retailers have already invested in in-store technology, and over 80% of the remainder plan to do so within the following year. Retail executives, supported by finance and innovation teams, must pinpoint operational inefficiencies that can be mitigated through technology.

article thumbnail

Ascena Bankruptcy Filing Could Lower Company Debt By $1 Billion

Retail TouchPoints

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 149
article thumbnail

In Bankruptcy Filing, Lucky Brand Proposes Sale To Authentic Brands And Simon Property Group

Retail TouchPoints

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 195