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Escada America files for bankruptcy

Inside Retail

The brand had big plans to turn itself around pre-pandemic only to be shot down by the ever-increasing financial distress and store closures due to Covid. Kevin Walsh, director of finance, expressed that some commercial landlords were ‘reasonable’ and willing to negotiate to make things workout in 2020 and last year. .

Finance 130
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Fall of the zombies? Why corporate failures could surge in 2024

Inside Retail

A crunch is looming, finance industry experts said, with many weaker, smaller businesses seeking new private loans and public debt deals just as government borrowing costs – which influence loan rates – are soaring globally. France’s sixth largest retailer Casino has just finalised a debt restructuring to avert bankruptcy.

Finance 130
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Downtown Retail Revitalization: an Overview

Retail TouchPoints

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 210
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Digital Revolving Credit: A Potentially More Responsible Financing Option than BNPL

Retail TouchPoints

Digital revolving credit is an ecommerce financing option that allows users to instantly open a revolving line of credit in the shopping cart that can be used and reused repeatedly over a lifetime. This is in comparison to BNPL’s payment option, which finances individual purchases with separate fixed-term installment loans.

Finance 227
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On International Women’s Day, Cisco supports Kiva in empowering women to become financially independent

Cisco Retail

Since 2009, Cisco has supported multiple Kiva through cash grants, donations of Cisco technology, and our employees’ expertise. There, she plans to serve her cakes and other confectionery goods. Kiva is a global nonprofit organization that provides an online, crowdsourced lending network for underserved people globally.

Finance 94
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Garratt named Dollar General president

Mass Relators

continues to shuffle its leadership ranks ahead of the planned retirement of chief executive officer Todd Vasos. The 53-year-old Garratt will remain responsible for the company’s finance, accounting, strategy and procurement functions. . — Dollar General Corp. Dan Connow has been promoted to vice president of store operations.

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Who is Peter Ruis, the man tasked with reviving John Lewis?

Retail Gazette

He also oversaw the relaunch of its fashion website back in 2009, helping to boost the retailer’s online profile, and introduced new in-store design concepts for its womenswear departments. Hyman says: “Peter will want to have a big impact in the turnaround plan and he’ll want to be using his plan.”