Retail TouchPoints

JULY 1, 2022

Back in 2016, Ron Johnson was asked in a fireside chat at Shoptalk about the biggest mistake he had ever made. Six years later, Johnson might answer that question differently — his “commerce-at-home” startup Enjoy Technology filed for bankruptcy on June 29, 2022, after a series of setbacks including staffing shortages and dwindling liquidity.

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Telecommunications Finance Store Operations Consumer 321

Retail TouchPoints

SEPTEMBER 19, 2023

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

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Store Operations Shipping Fulfillment Store Layout 273

Retail TouchPoints

MAY 18, 2023

Just nine months after taking on the dual role of Chief Financial Officer and Chief Operating Officer at Torrid , Tim Martin has resigned “to pursue other opportunities,” effective May 26, 2023. His responsibilities will be handled by other executives at the apparel, intimates and accessories retailer.

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Finance Accessories Apparel Management 241

Retail TouchPoints

JANUARY 18, 2024

He will wear both hats until Target names a new finance chief. As COO, Fiddelke will oversee Target’s nearly 2,000 stores, its global supply chain network, fulfillment services, network capacity planning, enterprise operations and the teams responsible for building and remodeling Target stores and facilities.

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Fulfillment Finance Accessories Apparel 253

Retail TouchPoints

FEBRUARY 21, 2024

billion (a price that valued the company’s stock at $21 a share, a 23% premium on the current trading price at the time) and take it private. and Barney’s ; Andrea Weiss, formerly a senior leader at retailers including Ann Taylor , Bath & Body Works , Guess?

Finance 257

Finance Management Planning ATS 257

Inside Retail

OCTOBER 5, 2023

Carrabs co-founded Ecovital Group with Stuart Munro, a chief investment officer at print production company Presfast. McGirr, previously head of ready-to-wear collections at JW Anderson, is a graduate of London fashion school Central Saint Martins and has also worked at Dries Van Noten and Uniqlo.

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Outdoor Finance Accounting Accessories 130

Retail TouchPoints

APRIL 18, 2023

Bryan Muehlberger, previously CIO of The Beachbody Company and Red Bull , will oversee all digital and information technology as Vuori’s CIO, including digital commerce and retail store technology. Stockstill has held high-level legal positions at Vans, Billabong and its portfolio of brands.

Finance 343

Finance Fulfillment Planning Management 343

Retail TouchPoints

DECEMBER 20, 2023

Over three -plus years, I have had the honor of speaking with industry pros who have rich backgrounds in tech, marketing and advertising, operations, finance and so much more. With every conversation, my goal is simple: to have candid and at times challenging conversations around some of the industry’s hottest topics and trends.

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Advertising Store Operations Merchant Services Wholesale 257

Retail TouchPoints

AUGUST 26, 2022

He will add responsibilities for the company’s strategic healthcare initiatives and its international expansion to Mexico to his existing finance, accounting, strategy and procurement functions. Garratt joined Dollar General in 2014 as SVP of Finance and Strategy and has served as EVP and CFO since December 2015.

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Promotions Finance Accounting Management 256

Retail TouchPoints

MAY 3, 2021

Roe will have responsibility for all finance functions and lead the retailer’s Strategy and Consumer Insights teams. At this time interim CFO Andrea Shaw Resnick will take on the newly created role of Chief Communications Officer. Tapestry has named Scott A. Roe CFO, effective June 1, 2021. Roe is currently CFO of VF Corp. ,

Finance 263

Finance Apparel Accounting Promotions 263

Retail TouchPoints

AUGUST 8, 2023

The retailer also is offering students and their parents a range of “off to campus” in-store services at its stores nationwide including free battery testing and installation, wiper blade installation and check engine light scanning.

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Finance Marketing Store Operations ATS 246

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 2, 2023

Tuesday Morning operated fewer than 500 stores when it made its latest bankruptcy filing in February, which was the second since 2020. million of debtor-in-possession financing to support ongoing operations during the 2023 proceedings — which led to Invictus opposing its plan to go out of business entirely.

Merchant Services 243

Merchant Services Finance Location Planning 243

Talking Retail

JUNE 16, 2021

Edinburgh’s largest family-run convenience store operator is to open its second East Lothian shop in Gullane on 23 June after securing £430,000 funding from HSBC UK. The funding has helped the retailer buy the Hall Crescent premises and finance the refurbishment of the property. Or just read more coverage at Talking Retail.

Finance 131

Finance Store Operations Shopping ATS 131

Retail TouchPoints

MARCH 15, 2023

The company’s Triple Double growth plan was announced in March 2022 , when it set the goal of tripling its store count to more than 3,500 locations by the end of fiscal 2030 while at least doubling sales and growing operating margin by 14% by the end of fiscal 2025.

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Planning Finance Promotions Location 274

Retail TouchPoints

MARCH 29, 2023

Mitchell will lead the stores, technology and supply chain teams in addition to his current real estate and finance responsibilities. He has delivered strong results at Bloomingdale’s and has been an ally and trusted partner in advancing Macy’s’ strategies. I’m excited that Tony Spring has been appointed Macy’s Inc.’s

Planning 261

Planning Home Furnishings Finance Management 261

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. The last bankruptcy resulted in the closure of approximately 230 of its 687 stores.

Finance 246

Finance Fulfillment Planning Store Operations 246

Retail TouchPoints

MAY 27, 2020

The company closed all of its stores, though 80% of its footprint has become operational since its reopening process began on April 24. Tuesday Morning reported 10% higher year-over-year sales at its reopened stores, and hopes to build on this momentum to fuel its turnaround effort.

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Merchant Services Planning Finance Store Operations 149

Retail TouchPoints

MARCH 3, 2021

million in financing. Paper Source already has begun closing 11 of its underperforming locations but will keep the remaining 147 stores and its ecommerce site open throughout the bankruptcy proceedings. Paper Source has filed for Chapter 11 bankruptcy and is hoping to sell the business, according to court filings. and Canada.

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Planning Finance Accounting Location 296

Retail TouchPoints

JANUARY 25, 2023

Serta Simmons Bedding (SSB) has filed for Chapter 11 bankruptcy at the U.S. The filing is part of a “Restructuring Support Agreement with key financial stakeholders” aimed at reducing debt and enabling future investments, according to a company press release. Bankruptcy Court for the Southern District of Texas.

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Finance Planning Store Operations ATS 272

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. Requests for comment from American Dream and its owner, Triple Five Worldwide , had not been received at press time. The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8 The notice from U.S.

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Payment Services Department Stores Checkout Finance 262

Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. American Dream’s success continues to grow with dramatically increasing traffic and spend at the complex,” said Don Ghermezian, President and CEO of American Dream in a statement. The group, led by JPMorgan Chase, has set a new maturity date of October 2026.

Payment Services 256

Payment Services Finance Accounting Shopping 256

Retail TouchPoints

JULY 6, 2020

The IP deal is valued at $90 million and includes the option to purchase inventory related to the e-Commerce and wholesale businesses at an additional cost. million in debtor-in-possession financing, according to bankruptcy filings. “We Lucky Brand has obtained $15.6

Finance 194

Finance Wholesale Apparel Planning 194

Retail TouchPoints

AUGUST 14, 2023

Turning Insights into Action The first step is to establish an internal task force comprised of technology, business, finance and operations representatives. At some point, even though your old phone still works, you may realize you need more battery life and processing power to support more and more sophisticated apps.

Payment Services 235

Payment Services Checkout Inventory Management Grocer 235

Retail TouchPoints

AUGUST 27, 2020

However, the company had “a prearranged reorganization plan ready at the time of its filing, allowing it to move through the process faster than some of its peers,” according to Westlaw Today. The plan provides $400 million in exit financing and $400 million in new term loans. billion of the company’s secured debt into equity.

Finance 348

Finance Planning Store Operations Customer Experience 348

Retail TouchPoints

APRIL 24, 2023

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process. These efforts were aimed at buying time to find a buyer, but no interested party materialized.

Payment Services 270

Payment Services Finance Location Planning 270

Retail TouchPoints

JANUARY 25, 2021

The deal is expected to preserve at least 275 of Francesca’s remaining 551 locations. 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. million in liabilities. 1, 2020.

Finance 259

Finance Accessories Location Planning 259

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. Finally, Rite Aid noted that “Spear Point has no track record of acquiring public companies the size and complexity of Rite Aid.”.

Finance 273

Finance Management Planning Marketing 273

Retail TouchPoints

FEBRUARY 4, 2022

Engine Capital stated that the online assets alone could be “conservatively valued at $12.4 2021, when Kohl’s combined operation was valued at about $7.3 At that point, existing shareholders will have the option purchase additional shares of the company’s common stock at a 50% discount from the then-current exercise price.

Planning 296

Planning Finance ATS Store Operations 296

Retail TouchPoints

MARCH 18, 2021

I will be rooting for everyone at Tailored Brands as you take these next steps.”. Tailored Brands emerged from Chapter 11 bankruptcy in late 2020 and received $75 million in new financing earlier in March 2021.

Finance 246

Finance Shopping Store Operations ATS 246

Retail TouchPoints

FEBRUARY 27, 2024

Mattle is Retail and Distribution Leader – North America and Global Client Advocate at WTW. This proactive approach to cybersecurity is an essential component of sustainable business practice in the landscape today. She has worked with several global companies focusing on risk management strategy.

Payment Services 271

Payment Services Wholesale Store Layout Inventory Management 271

Retail TouchPoints

AUGUST 7, 2020

Below are takeaways from China and South Korea’s recovery from the COVID-19 pandemic: Global Traffic Insights: Looking At China And South Korea. Specifically, shopper traffic disruption began on January 31, with traffic dropping below -10% for the first time, then slowing around mid-April at around -40%. such as China and South Korea.

Store Operations 263

Store Operations Consumer Finance Apparel 263

Retail TouchPoints

DECEMBER 28, 2021

At the same time, the Cox Small Business Survey found that 90% of minority-owned small business owners have high hopes regarding growth in the next year. This included adding ecommerce platforms, touchless payments and contactless delivery such as curbside or buy online, pick up in-store (BOPIS). In 2020, there were approximately 31.7

Payment Services 276

Payment Services Finance Marketing Promotions 276

Retail TouchPoints

APRIL 16, 2021

Other elements of the agreement between Kohl’s and the investor group include: The board’s existing ad hoc finance committee will become a standing Finance Committee of the board the purpose of which will include assisting the board on its oversight of capital allocation decisions made by the company.

Finance 163

Finance Wholesale Apparel Fashion 163

Inside Retail

MARCH 30, 2023

Gennette, who has been in the role since 2017, will be succeeded by Tony Spring, who is currently in the same role at Bloomingdale’s, the luxury chain owned by Macy’s. 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

Retail TouchPoints

JUNE 25, 2020

Pre-tax costs of the restructuring, estimated at $180 million in cash, will be recorded during the company’s fiscal Q2. billion in new financing will also make us a more stable, flexible company.”. COVID-19 has significantly impacted our business,” said Jeff Gennette, Chairman and CEO of Macy’s in a statement. “We

Department Stores 187

Department Stores Finance Returns Management 187

Retail TouchPoints

FEBRUARY 7, 2024

However, that looks set to rapidly change as technologies that turn every part of the store into a digital surface, one that can be quantified, analyzed and acted upon , move into the mainstream. But we do,” said Partap Sandhu, Head of Pricing at Rema 1000 during a session at NRF. in a session at NRF.

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Point of Sale Promotions Inventory Management Grocer 274