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Steve Madden Buys Kurt Geiger for $364.1 Million

Retail TouchPoints

Steve Madden has entered a definitive agreement to purchase UK-based Kurt Geiger footwear and accessories brand for 289 million ($364.1 The Steve Madden board of directors has unanimously approved the transaction, which the company plans to fund with a combination of committed debt financing and cash on hand.

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David’s Bridal Says Yes to the Dress Again with New Resale Program

Retail TouchPoints

David’s Bridal has introduced Adored by David’s , a resale program that will be managed by Arrive Recommerce. Secondhand wedding, bridesmaid and special occasion dresses, along with accessories, will be available through a curated, dedicated online storefront at 40% to 50% savings.

Finance 288
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From stock levels to financing: How interest rate hikes impact retail

Inside Retail

Partner at accounting firm Pitcher Partners Mark Harrison believes rising interest rates can also make it harder for retailers to obtain finance, as businesses are assessed as having a lower capacity to borrow funds. The post From stock levels to financing: How interest rate hikes impact retail appeared first on Inside Retail.

Finance 246
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Torrid CFO/COO Resigns; No Permanent Replacement(s) Announced

Retail TouchPoints

His responsibilities will be handled by other executives at the apparel, intimates and accessories retailer. Paula Dempsey, SVP of Finance and Investor Relations, will take on the role of interim CFO until a permanent successor is named. Torrid has had an unusually high number of top-level management changes over the past year.

Finance 269
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Target Names New COO, Divvies Up Merchandising Responsibilities

Retail TouchPoints

He will wear both hats until Target names a new finance chief. Fiddelke began his career as a consultant with Deloitte and joined Target as an intern in 2003 after earning an MBA at the Kellogg School of Management. Current COO John Mulligan announced his retirement plans in October 2023.

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ModCloth Sold Yet Again; Will This Buyer Hold On?

Retail TouchPoints

Women’s clothing and accessories retailer ModCloth has been acquired by Nogin, a provider of outsourced ecommerce for major fashion and consumer product companies. Founded in 2002, ModCloth offers exclusive indie- and vintage-inspired women’s clothing, shoes, handbags and accessories for 18- to 35- year-old women of all sizes.

Finance 232
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Francesca’s to Exit Bankruptcy With Half its Remaining Stores Following $18 Million Acquisition

Retail TouchPoints

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. The accessories retailer has been experiencing financial difficulty for some time. 1, 2020.

Finance 264