2019 Finance Planning Store Operations 
Retail TouchPoints
JANUARY 18, 2024
Target has tapped Michael Fiddelke, who has served as the retailer’s CFO since November 2019, to add the COO role to his responsibilities. He will wear both hats until Target names a new finance chief. Current COO John Mulligan announced his retirement plans in October 2023.
Retail TouchPoints
MARCH 3, 2021
million in financing. Paper Source already has begun closing 11 of its underperforming locations but will keep the remaining 147 stores and its ecommerce site open throughout the bankruptcy proceedings. million reported in 2019. In 2020, Paper Source had gross sales of approximately $104 million , a 32% decline from the $153.2
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Retail TouchPoints
JANUARY 12, 2022
Home discount retailer Big Lots is returning to expansion mode after more than a decade of flat store growth, with plans to open as many as 500 new stores in the next six to seven years. Big Lots currently operates 1,431 stores across the U.S. billion in sales.
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. We look forward to the partnership with REV and Ayon.”.
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 “AD” in the store’s name refers to “American Dream.”)
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. The company will go forward with previously announced plans to close 140 stores and renegotiate a number of leases at other locations, which may result in further closings.
Retail TouchPoints
JANUARY 25, 2021
The retailer’s new owners plan to continue operating its corporate offices and will keep its management team and nearly all employees on board, according to The Wall Street Journal. 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.
Expert insights. Personalized for you.
246 
Let's personalize your content