Retail TouchPoints

AUGUST 27, 2020

Bankruptcy Court for the Eastern District of Virginia has approved the J.Crew Group reorganization plan, paving the way for the parent company of J.Crew , J.Crew Factory and Madewell to emerge from Chapter 11 in early September. The plan provides $400 million in exit financing and $400 million in new term loans.

Finance 337

Finance Planning Store Operations Customer Experience 337

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 183

Finance Boutique Location Planning 183

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 248

Specialty Retailers Finance Promotions Marketing 248

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 225

Finance Accessories Location Planning 225

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 213

Wholesale Finance Fashion Planning 213

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.”. Retail pharmacy same-store sales rose 8.7%

Finance 231

Finance Management Planning Marketing 231

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 269

Payment Services Finance Marketing Promotions 269

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. million in debtor-in-possession financing, according to bankruptcy filings. “We Lucky Brand owes Simon Property Group $4.6 million in rent, according to court documents.

Finance 186

Finance Wholesale Apparel Planning 186

Inside Retail

MARCH 30, 2023

Adrian Mitchell, Macy’s chief financial officer since November 2020, will become chief operating officer and oversee the company’s store operations, technology and supply chains. Gennette, who started at Macy’s in 1983, said that he was retiring because it was the right time for him and his family.

Department Stores 130

Department Stores Finance Returns Supermarket 130

Mass Relators

MARCH 31, 2024

In this role, she will continue to support DG’s store operations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico. Melanie Cook Brian Haug Brian Haug has been promoted to senior vice president, margin planning and analytics.

Promotions 52

Promotions Merchant Services Planning Beauty and Health 52

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.

Store Operations 255

Store Operations Consumer Finance Apparel 255

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 255

Consumer Merchant Services Payment Services Drop-Shipping 255

Mass Relators

JANUARY 18, 2024

As chief operating officer, Fiddelke will oversee the retailer’s nearly 2,000 stores, its global supply chain network, fulfillment services including same-day delivery with Shipt, network capacity planning, enterprise operations, the teams responsible for building and remodeling Target stores and other facilities, and flight services.

Finance 52

Finance Accessories Apparel Fulfillment 52

Mass Relators

JANUARY 21, 2023

As senior vice president and chief financial officer, he oversaw the development of the 2020 and Beyond Plan , which analyzed every facet of business at Associated Food Stores to identify opportunities for improvement. During his 18-year tenure with the company, he consistently pushed for innovation and growth.

Beauty and Health 52

Beauty and Health Grocer Merchant Services Consumer 52

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 189

Apparel Returns Finance Accessories 189

Retail TouchPoints

OCTOBER 7, 2020

At the beginning of 2020, Hudson kicked off its deployment of the Flooid platform to provide a new backbone for all transactions across its 1,010 travel convenience stores and specialty retail, which includes proprietary book and tech stores, duty-free shops and food and beverage concessions. and Canada.

Payment Services 214

Payment Services Point of Sale Specialty Retailers Customer Experience 214