Retail TouchPoints

MARCH 3, 2021

million in financing. In court papers , CFO Ronald Kruczynski said that prior to the pandemic, Paper Source “had been enjoying rapid expansion and sustained sales growth,” but that the company had “sustained deep damage to their finances and operations as a result of the ongoing COVID-19 pandemic.”. million reported in 2019.

Planning 298

Planning Finance Accounting Location 298

Retail TouchPoints

APRIL 2, 2021

Following recent announcements that Thrasio had closed on almost $500 million in debt financing and $750 million in equity financing, the company made room for existing investors that could not get enough capacity in prior rounds. Wafford had served as CFO at JCPenney since 2019.

Finance 228

Finance Consumer ATS 228

Retail TouchPoints

APRIL 5, 2023

Buy Now, Pay Later ( BNPL ) solutions have exploded in popularity, with a staggering growth rate of 1000% since 2019. They also need to run credit checks and make financing terms, fees and interest rates completely transparent. And the merchant tends to absorb the cost of this transaction.

Merchant Services 246

Merchant Services Payment Services Finance Consumer 246

Retail TouchPoints

AUGUST 9, 2022

CFO Scott Roe, with 30 years of retail finance and operations experience under his belt, will take on the COO role in addition to his current responsibilities, effective immediately. Glaser will stay on until Oct. 1, 2022 to ensure a seamless transition.

Finance 247

Finance Accounting Management Consumer 247

Retail TouchPoints

NOVEMBER 3, 2023

seen from 2010 to 2019. “It Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” While the 2023 growth rate is lower than in recent years, when stimulus spending helped inflate retail sales, it’s in line with the average annual holiday increase of 3.6% for the Nov.

Finance 246

Finance Accounting Consumer Promotions 246

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 245

Finance Fulfillment Planning Store Operations 245

Retail TouchPoints

DECEMBER 3, 2021

Hall joined REI in 2019 and currently leads strategy, sustainability and finance. Long also joined the company in 2019 to lead its marketing organization and membership work.

Outdoor 226

Outdoor Finance Promotions Marketing 226

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 219

Home Furnishings Finance ATS Management 219

Retail Gazette

MAY 10, 2024

While research showed 162,000 tourists from non-EU countries sought tax refunds in the UK in 2019, 20% of those visitors are now claiming them in EU countries that still run the scheme. Earlier this week, Selfridges claimed it was making job cuts due to the loss of tax-free shopping and reduced luxury spending.

Shopping 58

Shopping Finance 58

Retail TouchPoints

DECEMBER 22, 2022

Prior to her role as President, Linnartz, who joined Marriott in 1997, held roles in sales, marketing and finance, rising to EVP and Global Chief Commercial Officer from 2013 to 2019 and serving as Group President of Consumer Operations, Technology and Emerging Businesses from 2020 to 2021.

Finance 262

Finance Customer Experience Consumer Marketing 262

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. Francesca’s has filed for Chapter 11 bankruptcy protection as the ailing retailer seeks a sale of both its brick-and-mortar locations and its ecommerce holdings.

Finance 183

Finance Boutique Location Planning 183

Inside Retail

OCTOBER 19, 2023

The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. Wavish had as number of executive roles at Woolworths between 1999 and 2006, including chief financial officer, finance director and head of supermarkets. billion since 2019.

Boutique 246

Boutique Finance Supermarket Planning 246

Inside Retail

NOVEMBER 4, 2021

Company reports for ASX-listed BNPL providers outline that the value of BNPL transactions grew by 55 per cent in 2019-20 , and in the last two financial years, BNPL transactions have tripled. Shift the financial risk with third-party business finance. Buy now pay later (BNPL) services have quickly become commonplace for consumers.

Payment Services 246

Payment Services Consumer Finance Wholesale 246

Retail TouchPoints

OCTOBER 4, 2021

Finance indicated that just over half ( 51% ) of consumers planned to begin their holiday shopping before Halloween, with 27% saying they would start in late September. The elongation of the holiday shopping season, already a growing trend in 2019, got a big boost from the supply chain disruptions exacerbated by the COVID-19 pandemic.

Shopping 310

Shopping Finance Promotions Consumer 310

Inside Retail

FEBRUARY 2, 2023

Wesfarmers has laid off 100 staff in its e-commerce division Catch Group this week, with key departments impacted including marketing, product and technology, and finance. Catch Group was acquired by Wesfarmers in 2019 for $230 million.

Finance 263

Finance Shopping Marketing ATS 263

Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. The more than 3-million-square-foot shopping center has a troubled past, including more than a decade of construction before opening in October 2019, just months before COVID-19 forced it to shut down for an extended period.

Payment Services 228

Payment Services Finance Accounting Shopping 228

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall, which opened after a years-long delay in October 2019 , struggled (as many retailers and malls did) with COVID-19’s impact on in-person shopping. The American Dream mall and entertainment complex failed to make a Feb.

Payment Services 231

Payment Services Department Stores Checkout Finance 231

Retail TouchPoints

JUNE 22, 2022

Felton has worked for nearly 18 years in Amazon’s retail and operations finance leadership. In 2018, he was appointed VP of Global Customer Fulfillment, and in 2019 began leading the company’s newly organized global delivery services, including global import and export, Amazon Logistics and last mile delivery services.

Fulfillment 247

Fulfillment Finance Promotions Customer Experience 247

Retail TouchPoints

NOVEMBER 16, 2022

It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business. The new Square-specific Amex credit card, which will be powered by i2c Inc. and issued by Celtic Bank, will be the first credit card Square offers to U.S.

Merchant Services 247

Merchant Services Finance Advertising Marketing 247

Retail TouchPoints

OCTOBER 28, 2020

Crevoiserat joined Tapestry as CFO in August 2019 from Abercrombie & Fitch , where she was EVP and COO from February 2017 to June 2019. Prior to joining Abercrombie & Fitch, she served in a number of senior management roles at Kohl’s , including EVP of Finance and EVP of Merchandise Planning and Allocation.

Finance 159

Finance Department Stores Accessories Planning 159

Retail TouchPoints

FEBRUARY 12, 2021

Burris joined GNC in 2019 as Chief U.S. Lawrence also started in 2019, as SVP Finance and Chief Accounting Officer, and has been acting as interim CFO during the past several months. GNC has promoted Josh Burris from President to CEO of the health and wellness retailer, and has named Cam Lawrence as its new CFO.

Finance 182

Finance Promotions Accounting Customer Experience 182

Inside Retail

OCTOBER 13, 2021

As recently as 2019, over 70 per cent of the value of B2B sales in Australia occurred through trade credit. And with the functionality to record transactions ledger-to-ledger and integrate with your existing accounting and ERP systems, your business’s finances will be automatically updated every time a sale, refund or exchange is made. .

Payment Services 355

Payment Services Finance Customer Experience Wholesale 355

Retail TouchPoints

JULY 28, 2020

Reflexis Systems, a portfolio company of Great Hill Partners and Sageview Capital, achieved sales of approximately $66 million in 2019. billion in 2019, expects to fund the acquisition with a combination of cash on hand and fully committed financing available under its credit facility.

Finance 203

Finance Location Management Marketing 203

Inside Retail

OCTOBER 15, 2023

US-based retailer Showfields, the self-described “most interesting store in the world”, filed for bankruptcy this month and will be restructuring through a form of Chapter 11 bankruptcy created during Covid to help small businesses continue operations, reorganise, and maintain control of finances without creditors taking over.

Department Stores 278

Department Stores Finance Grocer Location 278

Retail TouchPoints

AUGUST 5, 2022

New Jersey mall and entertainment complex American Dream has failed to make an interest payment on municipal loans sold to help finance the $5 billion venture. The project has had a troubled history, including the short window between the late 2019 grand opening and COVID-19 forcing the mall to temporarily shut down.

Payment Services 218

Payment Services Finance Accounting Store Operations 218

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 237

Finance Accessories Location Planning 237

Retail TouchPoints

NOVEMBER 30, 2021

Maceiras, currently General Counsel and Secretary of the Board, will take over immediately as CEO, and current CEO Crespo, who has held the role since July 2019, will move into the position of COO, overseeing operations, sustainability efforts and the company’s digital transformation.

Fashion 253

Fashion Finance Management ATS 253

Inside Retail

JULY 18, 2023

Alongside CEO Bizzarri, Michele oversaw a period of soaring growth between 2015 and 2019, with profits increasing nearly four-fold and revenues almost trebling. Bellettini will oversee brand development, Duplaix operations and finance. “I

Management 130

Management Finance Fashion ATS 130

Retail TouchPoints

NOVEMBER 3, 2021

Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. Seun Sodipo will take the CFO job in February 2022. She also will draw upon prior experience at roles in private equity firms to help the retailer continue scaling its business.

Finance 249

Finance Payment Services Accounting Returns 249

Inside Retail

APRIL 13, 2022

Questions were raised about the company’s finances during the due diligence process. . The company secured $226 million in its Series D round in 2019 led by Sequoia Capital and Singapore’s sovereign fund Temasek Holdings. According to Bloomberg, regulators said the company has not filed annual financial statements since 2019. .

Finance 130

Finance Accounting Fashion Planning 130

Retail Focus

NOVEMBER 16, 2022

Chris joined Grosvenor in 2005 and has held various finance positions in Grosvenor Property UK and the broader Grosvenor business. Today he is responsible for finance in the UK property business’ Development and Investment teams, including Liverpool ONE. year-to-date compared to 2019.

Finance 182

Finance Boutique Management Returns 182

Retail Gazette

FEBRUARY 2, 2024

The company said on Friday that Dunkerton, who owns a 20% stake, “is engaged in discussions with potential financing partners” to fund a cash offer for the business. Superdry’s share price has plunged 64% over the past 12 months, extending to 91% since 2019. in the six months to 28 October, after sales plunged 23.5%

Fashion 107

Fashion Finance ATS 107

Retalon

AUGUST 16, 2019

PRESS RELEASE on Yahoo Finance: Hard Rock International Retail Shops Improve Forecasting, Planning, and Replenishment with Retalon Predictive Analytics and AI. Read Article on Yahoo Finance Here. The post Yahoo Finance: HardRock Retail Stores and Retalon Predictive Analytics and AI appeared first on Retalon.

Finance 32

Finance Fulfillment Customer Experience Planning 32

Inside Retail

MAY 18, 2021

While clearly there are people struggling or worse off from the pandemic, more Australians feel better off, more financially secure and more in control of their finances,” said CBA executive manager of financial wellbeing Ben Grauer. Spending less, saving more and paying down debt have been the big stories from this past year.”.

Finance 219

Finance Management Consumer 219

Retail Gazette

APRIL 11, 2024

Former Morrisons operating and finance boss Trevor Strain will join the board in a non-executive capacity. The discounter is not the first retailer in Fortress’ portfolio as it snapped up Majestic Wine in 2019 for £95m. “We have long believed in the UK, and the consumer sector, as evidenced by our investments. .

Finance 98

Finance Management Consumer Planning 98

Mass Relators

APRIL 20, 2023

Since joining Dollar General in July 2019, Dilts has served as senior vice president, finance with responsibility for financial planning and analysis; procurement; margin planning and analytics; decision science and analytics; and investor relations. “I’m as well as roles of increasing responsibility at Tailored Brands Inc.,

Promotions 52

Promotions Finance Accounting Planning 52

Retail TouchPoints

APRIL 24, 2023

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

Payment Services 244

Payment Services Finance Location Planning 244