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Mattress Firm Puts IPO on Ice, Citing Market Volatility

Retail TouchPoints

In January 2022, the mattress chain announced its plans to list on the New York Stock Exchange via an IPO that would have returned the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private.

Marketing 272
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Why Redbubble is under pressure to reassure artists, investors ahead of AGM

Inside Retail

Co-founder Martin Hosking returned to the business in March to lead it back to growth. Since his return, Hosking’s short-term goal has been to reduce its cost base and become profitable “as soon as possible.” Standard accounts are subject to a monthly account fee, while Premium and Pro accounts are not.

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Mattress Firm Files for IPO 6 Years After Going Private

Retail TouchPoints

Mattress Firm has publicly filed for an IPO that will return the furniture retailer to the public markets six years after South Africa’s Steinhoff International took the company private. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

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Under Armour Begins Search for New CEO as Frisk Steps Down

Retail TouchPoints

The company underwent several rounds of jobs cuts and a $200 million dollar restructuring in 2018, followed by an SEC investigation into its accounting practices in 2019. As we transition, we are committed to identifying additional opportunities to drive improved returns for our shareholders and deliver for athletes, partners and teammates.

Wholesale 240
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Amazon sellers fear future as retailer increases payment time

Retail Gazette

UK and continental Europe marketplace sellers were told Amazon would no longer immediately credit their accounts once an online sale was made. However, an Amazon spokesperson said: “This policy was introduced in August 2016, and there will be no impact for over 85% of sellers in Europe.

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Peloton disrupted fitness once. Can it leverage TikTok to do it again?

Inside Retail

Since TikTok first came onto the scene in 2016, certain retailers have excelled at harnessing the power of the social media platform to go viral and sell products ranging from makeup to perfume to home decor. million fitness subscribers, accounting for almost half of the brand’s connected fitness subscriber base.

Apparel 130
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How Retykle changed the Chinese belief that buying secondhand is bad luck

Inside Retail

Based in Hong Kong and launched in 2016, Retykle, is a luxury resale childrenswear online marketplace with more than 10,000 sellers and buyers. These are the customers and sellers who are looking at the after sale market as a reward and are thinking about their cash returns from the items they are selling,” Garner said.

Consumer 150