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Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO

Retail TouchPoints

PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million , extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors. portfolio of 150+ retail centers.

Finance 190
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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. That’s according to a recent study by the ICSC that surveyed Gen Z consumers, defined by the Pew Research Center as those born between 1997 and 2012.

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The Honest Company Rides ‘Conscious Consumerism’ Wave Toward Potential $100M IPO

Retail TouchPoints

Co-founded by actress Jessica Alba in 2012, the company touts a line of hypoallergenic, ethically sourced products in the baby, beauty and home cleaning categories. In January 2021, the company brought in finance veteran Kelly Kennedy as CFO. According to the SEC filing , The Honest Co.

Finance 278
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Contactless payment limit to jump to £100 in October

365 Retail

The limit on contactless payments is set to rise for the second time in less than two years from October as the Government tries to get people to spend more in shops. Shoppers will be able to pay up to £100 using their contactless cards from October 15, trade body UK Finance said. Contactless payments were first capped at £10 in 2007.

Finance 104
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Designer labels for 15-year-olds? New generation splashes on luxury

Inside Retail

But third-quarter results showed European luxury goods companies continue to defy the overall gloomy economic climate, as consumers used savings and a pent-up shopping appetite to treat themselves and buy designer fashion as pandemic restrictions eased. That would represent growth of 15 per cent from 2021 at constant exchange rates.

Finance 130
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Retail Loyalty’s Moment is Now

Retail TouchPoints

But what sets Marketing in the Moment apart are the contextual triggers, which consist of four groups: Environment : What’s happening around the customer that isn’t directly and obviously related to their shopping activity? Are they browsing recipes or creating a shopping list? Location: Where is the customer right now?

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How Chipotle aims to attract Gen Z staff with next-gen benefits

Inside Retail

Of Chipotle’s current workers, roughly 73 per cent fall within the Gen Z age range (those born between 1997 and 2012), a generation of employees that has specific concerns. However, that raises the question: At what point do AI and technological automation stop helping service workers and begin to replace them entirely?