article thumbnail

Destination XL Taps $17.5 Million Loan to Fuel Liquidity After Difficult Fiscal 2020

Retail TouchPoints

Destination XL, which operates the DXL Big + Tall and Casual Male XL brands and ecommerce sites including dxl.com, has pivoted its operations to recover from the pandemic. Efforts include adjusting its product assortment, negotiating relief in occupancy costs and restructuring its operating expenses.

article thumbnail

Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. The company entered 2020 with $850 million in cash reserves, and has plans to save $500 million in operating expenses, capital expenditures and working capital during fiscal 2020.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Abercrombie & Fitch posts strong results despite tightening market

Inside Retail

The company’s operating expenses were up 6 per cent, driven by increases in incentive compensation, store occupancy and technology costs while operating income reached $90 million compared to an operating loss of $2 million last year. The company is also up on the pre-pandemic period of 2019, with sales running 11.2

Marketing 130
article thumbnail

$10,000 Available in Small Business Stabilization Grants Across the Country

Small Biz Trends

Grants may be up to $10,000 and can cover operational expenses that would otherwise put the business at risk of closure or layoffs. Businesses now must be able to prove a loss of at least 30 percent of gross revenue between 2019 and 2020, as opposed to 50 percent in previous rounds. CARES 4 Trumbull Small Business Relief Fund.

article thumbnail

6 Lash and Brow Franchise Opportunities

Small Biz Trends

In 2019 alone, they added 35 locations. Lashbar enables lash artists to start their salons, train employees, and keep operating expenses a priority rather than trying to establish their brand. Like the Magic Brow franchise, the Amazing Lash Studio is also a significant player in the lash industry.

Finance 98
article thumbnail

Jason & Scot Show Episode 299 – Thanksgiving Week 2022 with Rob Garf of Salesforce

Retail Geek

Average discount rate globally it was twenty-seven percent and we can talk about how that looks your rear and how it looked, compared to 2019 but even with those large discounts and by the way those are large discounts compared to any normal day.

article thumbnail

In the News: Small Business Stabilization Grants of $10,000 Available Now

Small Biz Trends

Additionally, the grants also want to help with operational expenses, childcare programs, mental health support, and other recovery efforts. shy of the first quarter of 2019, before COVID-19 shocked the market. Find out where these grants are: $10,000 Available in Small Business Stabilization Grants Across the Country.