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Saks Global $600M deal with bondholders includes $200M in new financing

Retail Dive

Dive Brief: Saks Global has secured $600 million in financing commitments from most of its bondholders. With this deal, the department store company will not pursue the $350 million in financing that was slated to close Monday. Kaarin Moore/Retail Dive Listen to the article 3 min This audio is auto-generated.

Finance 69
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Retail appointments of the week

Inside Retail

American Outdoor Brands names Brent Vulgamott as COO By Irene Dong American Outdoor Brands has named Brent Vulgamott as its new COO, who will be leading all facets of the company’s sales, operations, and analytics functions. He formerly worked for Lockton Companies, a privately held insurance broker, as director of finance.

Outdoor 130
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Thanksgiving Weekend Recap: Foot Traffic, Mobile Usage Rise as Nearly 200 Million Shoppers Seek Deals

Retail TouchPoints

on Black Friday compared to 2021 levels, while outdoor non-mall traffic (such as strip malls and standalone stores) saw a more significant 4.7% Mobile Accounts for More Than Half of Ecommerce Sales. Indoor mall traffic was up 1.2% Adobe expects the full holiday season to hit $210.1 billion in sales, growing 2.8% year-over-year.

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MAPIC 2022 concludes with strong industry attendance

Retail Focus

For leisure and commerce to be mutually beneficial for each other, it is necessary to define a clear strategy, taking into account the objectives of the project, as well as the the competition and the site itself. Attractive to younger generations, leisure can help to bring physical commerce back to consumers who strayed from it during COVID.

Finance 183
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Retail x Fintech: The Importance of Security in Retail’s Adoption of BOPIS and Payment Installment Plans

Retail TouchPoints

compared to June 2019, as consumers continued to take to the web to shop for items for their patios and gardens, outdoor recreation, work-from-home needs, arts and crafts and more. When they do, they create accounts and pass credit checks using stolen consumer information. In fact, in June, non-store retailers saw a 23.5%

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10 Finance Tips All Retailers Should Follow

Retail Next

Conversely, if you pay bills late, you are likely to get hit with late fees, which could have a negative impact on your bank account, and potentially cause you to fall behind with other vendors. That means maintaining financial records through an accounting software program. Keep Accurate Financial Records.

Finance 59
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6th Annual #WeAreCisco #LoveWhereYouWork Contest Winners!

Cisco Retail

You have brought us into your homes over the past year, taken us on outdoor adventures, and shown that when you #LoveWhereYouWork – anything is possible! – Finance Manager? | Winner: Mafer Manon – Virtual Sales Account Manager? It’s not a bad problem to have, and this year was no different. - Consulting Engineer?