Retail TouchPoints

NOVEMBER 17, 2020

Supermajorities of the company’s noteholder groups have committed to vote in favor of the RSA plan, which Guitar Center forecasts will be completed before the end of 2020. Additionally, Guitar Center has negotiated $375 million in Debtor-In-Possession financing and plans to raise $335 million in new senior secured notes.

Planning 179

Planning Finance Shipping Management 179

Retail TouchPoints

APRIL 7, 2021

The company plans to reduce its debt and give senior lenders additional ownership as it seeks to reverse its fortunes or, potentially. The retailer plans to use this as an opportunity to negotiate with landlords as it restructures its finances, according to court papers. sell off brands.

Wholesale 274

Wholesale Finance Fashion Planning 274

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. As of December 2020, Francesca’s had approximately 4,540 employees, including 223 corporate workers.

Finance 264

Finance Accessories Location Planning 264

Retail TouchPoints

OCTOBER 18, 2024

We know one-third of bridesmaids are engaged brides and almost half of brides are also bridesmaids,” said Kelly Cook, President of Brand, Technology and Finance at David’s Bridal in a statement. The retailer launched its wedding planning platform Pearl by David’s in January 2023.

Finance 290

Finance Accessories Shipping Accounting 290

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. Tuesday Morning was reportedly on the brink of going bankrupt for the second time since 2020, according to The Dallas Morning News.

Finance 246

Finance Fulfillment Planning Store Operations 246

Retail TouchPoints

APRIL 3, 2024

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 245

Finance Fashion Planning Shopping 245

Retail TouchPoints

MAY 10, 2021

Relich has been in the Interim CEO position since August 2020, having previously served as PSEB’s COO. Like Chang, Olson joined PacSun in 2006 and held multiple senior positions before being named Chief Brand Officer in July 2020. As Co-CEOs, Chang and Relich will have distinct oversight of key business functions.

Specialty Retailers 264

Specialty Retailers Finance Promotions Marketing 264

Retail TouchPoints

MARCH 15, 2021

for $100 million in August 2019, but Le Tote itself went bankrupt just a year later in August 2020. Investment firm Saadia Group bought the Lord & Taylor store inventory, intellectual property and ecommerce assets for $12 million in October 2020 , but liquidation of all 38 Lord & Taylor stores and its website continued.

Returns 279

Returns Department Stores Apparel Finance 279

Retail TouchPoints

OCTOBER 18, 2023

Prior to that she was EVP of Supply, North America at PVH from 2020 to 2021, building on an extensive tenure across several supply chain leadership roles for key businesses within the PVH portfolio, including Calvin Klein North America and The Underwear Group from 2013 to 2020.

Finance 278

Finance Accounting Store Operations Planning 278

Retail TouchPoints

MAY 2, 2023

The retailer started closing 250 locations earlier this year, pursuant to its plan to exit Chapter 11 with a much smaller footprint, and began the process of shuttering the remaining locations on May 1. Tuesday Morning operated fewer than 500 stores when it made its latest bankruptcy filing in February, which was the second since 2020.

Merchant Services 269

Merchant Services Finance Location Planning 269

Retail TouchPoints

APRIL 25, 2022

Rite Aid’s concerns included that the Spear Point proposal provided no evidence of financing, required multiple months of exclusivity and then called for Rite Aid to spend months soliciting competing offers. The shareholders deserve more and we have a plan to give them that.”. I would love to hear it, as I suspect shareholders would.

Finance 287

Finance Management Planning Marketing 287

Retail TouchPoints

DECEMBER 28, 2021

In May 2020, McKinsey issued a report stating while the COVID-19 pandemic was shaking up small businesses across the board, it was disproportionately affecting minority-owned small businesses. Between March 2019 and June 2020, adoption of touchless payments , which includes contactless cards, mobile wallets and QR codes, increased 150%.

Payment Services 279

Payment Services Finance Marketing Promotions 279

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.

Finance 200

Finance Boutique Location Planning 200

Retail TouchPoints

JANUARY 6, 2022

Yahoo has partnered with ecommerce enablement software MikMak to offer add-to-cart functionality and ecommerce analytics for advertising campaigns on its properties, which include Yahoo Finance, TechCrunch and AOL.

Checkout 278

Checkout Advertising Finance Consumer 278

Retail TouchPoints

AUGUST 14, 2020

Rent the Runway’s decision to permanently exit brick-and-mortar retailing continues its plan to drive down expenses. In addition to driving consumers online, the pandemic has prompted consumers to rethink their spending patterns, with 79% planning to reduce their apparel budget in the coming year.

Apparel 247

Apparel Returns Finance Accessories 247

Retail TouchPoints

APRIL 13, 2021

In 2020, The Honest Co. The company also saw huge YoY revenue increases in key categories in 2020, including diapers and wipes (up 16.4% ), skin and personal care (up 35.5% ) and household and wellness (up 116.5% ). million in 2020, and the company has yet to have a profitable year since its founding. The Honest Co.

Finance 279

Finance Consumer Location Planning 279

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. Square plans to announce additional details about the card in 2023. The new Square-specific Amex credit card, which will be powered by i2c Inc.

Merchant Services 278

Merchant Services Finance Advertising Marketing 278

Retail TouchPoints

JULY 6, 2020

The mall operator joined with Authentic Brands and mall owner Brookfield Property Partners to purchase Forever 21 out of bankruptcy in February 2020. The manufacturer and retailer of vintage-inspired casual apparel plans to continue operating the majority of its stores, along with its e-Commerce site and wholesale business, during bankruptcy.

Finance 234

Finance Wholesale Apparel Planning 234

Retail TouchPoints

DECEMBER 8, 2020

The company will continue operating during the process by utilizing a $25 million debtor-in-possession loan from Tiger Finance. The retailer previously announced plans to close 140 stores and renegotiate a number of leases at other locations. As of the filing, Francesca’s still operated 558 locations.

Boutique 200

Boutique Finance Accessories Apparel 200

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams.

Finance 264

Finance Payment Services Accounting Returns 264

Inside Retail

MARCH 12, 2025

Since launching in January 2020, Viv for your V has steadily built its direct-to-consumer (DTC) and e-commerce presence via retailers like Amazon and TikTok Shop. KD: One of the biggest challenges has been financing such a fast-growing business. IR : In the year ahead, what areas of opportunity are you planning to tap into?

Beauty and Health 130

Beauty and Health Finance Consumer Shopping 130

Retail TouchPoints

AUGUST 2, 2021

Square plans to purchase buy now, pay later (BNPL) provider Afterpay in an all-stock deal valued at approximately $29 billion. This also gives them a financing option where they can control the parameters of how much to ‘lend’ and who to lend to. The transaction is expected to close in Q1 2022, subject to customary closing conditions.

Merchant Services 317

Merchant Services Payment Services Checkout Finance 317

Retail TouchPoints

JANUARY 13, 2021

The credit cards will closely connect with Walgreens’ new myWalgreens customer loyalty program, which launched in November 2020. The new cards will be the first in a range of new financial products and services planned by Walgreens.

Point of Sale 179

Point of Sale Finance Planning Management 179

Cisco Retail

JUNE 8, 2021

While sitting at the kitchen table one evening in early March of 2020, my wife and I discussed what was happening in the world and how my team at Cisco — like many of yours — was about to face an immediate mandate to enable remote work for our organizations. What we experienced in 2020 was a Disruptive Transformation.

Management 89

Management Finance Customer Experience ATS 89

Inside Retail

MAY 14, 2024

The shift dates back to 2020/21 when Pandora overhauled its business strategy to focus on crafting high-quality jewellery for the mass market and becoming the most desirable brand in the accessible luxury jewellery market, globally. “If We felt we had to do something quite radical.

Finance 278

Finance Marketing Accounting Management 278

Retail TouchPoints

AUGUST 22, 2024

Although her Wall Street background gave her a clear advantage in finance, her time working under Mary Beth Laughton — Sephora’s VP of Ecommerce at the time — unlocked new career possibilities. We’re all so conditioned for everything to be on-demand, and the impact is that you don’t plan,” she noted.

Fulfillment 276

Fulfillment Drop-Shipping Shipping Customer Experience 276

Inside Retail

SEPTEMBER 19, 2022

Now the company’s founder has disclosed, in an interview with Inside Retail , plans to treble its store network within five years, add another 10 brands to its portfolio, and expand abroad – all while preparing for a potential IPO. per cent year-on-year sales growth in 2020, one of only five markets worldwide where sales increased that year.

Fashion 130

Fashion Planning Marketing Management 130

Retail TouchPoints

NOVEMBER 4, 2021

The holidays always tend to put a strain on the piggy bank, but a study from personal finance company Credit Karma found that 43% of consumers are feeling more financially stressed this holiday season, and inflation is the leading cause. Shortages and Sticker Shock Heighten Holiday Stress. Stressed Consumers Spread Out Spending with BNPL.

Consumer 264

Consumer Merchant Services Payment Services Drop-Shipping 264

Cisco Retail

NOVEMBER 17, 2021

In April of 2020, Cisco Capital launched the Business Resiliency Program to help you and your customers continue innovating and adopt new technology solutions as businesses faced unprecedented challenges due to the pandemic. Technology solutions have helped us solve the biggest business challenges. Enabling Business Resilience.

Finance 98

Finance Payment Services Returns Planning 98

Retail TouchPoints

MARCH 19, 2021

In 2020, the growth in online sales has accelerated to reach levels not expected until 2022 due to the pandemic. As businesses adjust to the turbulence of 2020 and into the “new normal,” it’s clear that for most retailers, a strategy to support digital sales and robust online customer service is essential to win a share of consumers’ wallets.

Consumer 260

Consumer Customer Experience Jewelry Wholesale 260

Retail TouchPoints

OCTOBER 26, 2020

Consumers fear for their health and they fear for their finances, especially today with what is around 20 million. RTP: Retailers can usually plan around major spikes on days like Black Friday and Cyber Monday, but many retailers have already announced that they will instead favor longer-term promotions this year.

Grocer 336

Grocer Consumer Promotions Fashion 336

Retail TouchPoints

AUGUST 18, 2022

Buy now, pay later (BNPL) was the trendiest way to pay for all those lockdown purchases back in 2020. Also known as pay-over-time or pay-in-4 installment plans, BNPL offers consumers the chance to split up the cost of major purchases directly at the point of sale. The Appeal of BNPL: Layaway Without the Stigma.

Merchant Services 278

Merchant Services Payment Services Consumer Point of Sale 278

Retail TouchPoints

AUGUST 7, 2020

Initial traffic reports, beginning when the pandemic broke internationally in January 2020 to present day, outline consumer behavior in countries farther into the COVID-19 timeline than the U.S. Below are takeaways from China and South Korea’s recovery from the COVID-19 pandemic: Global Traffic Insights: Looking At China And South Korea.

Consumer 264

Consumer Store Operations Finance Apparel 264

Retail TouchPoints

JUNE 10, 2021

Recupero, a technology industry finance executive, spent more than 17 years at Amazon supporting growth across global geographies and product categories. to $1.277 billion , compared to $1.021 billion in the fiscal Q1 2020. The company also has announced plans to build a new ecommerce fulfillment center in York, Pa.

Finance 165

Finance Fulfillment Marketing Consumer 165

Inside Retail

FEBRUARY 19, 2023

Inside Retail was the first to report earlier this month that Wesfarmers has cut 100 jobs at Catch , with the redundancies impacting key departments including marketing, product and technology, and finance. According to Inside Retail sources, the payrolls of some departments have been cut by as much as 30 per cent.

Management 246

Management Finance Planning Accounting 246

Retail Gazette

MAY 29, 2024

M&S has poached Rightmove finance boss Alison Dolan as its new chief financial officer. Dolan will takeover from the high street retailer’s interim finance boss Jeremy Townsend, who will remain in post until May next year. “I want to thank Jeremy for all his hard work and support. .

Finance 57

Finance Planning Shopping ATS 57

Retail TouchPoints

FEBRUARY 26, 2021

Hair care brand Madison Reed has raised an additional $52 million in financing to fuel its omnichannel expansion after reporting 130% growth and doubling its consumer base in 2020. The company now operates 30 Hair Color Bars across the country and plans to double that by the end of 2021.

Wholesale 147

Wholesale Finance Consumer Location 147