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Rite Aid Declares Bankruptcy, Again, Secures $1.94 Billion to Support Sale Process

Retail TouchPoints

billion in new financing which, along with cash from its operations, is expected to provide sufficient funding during the sale and court-supervised process, according to a company statement , and Rite Aid intends to divest or monetize any assets that are not sold through the court-supervised process.

Finance 147
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Retail Risk is Serious Business – and it’s Time we Acted Like it

Retail TouchPoints

From a risk and compliance perspective, defense, finance, tech, and healthcare are generally thought of as the riskiest industries but the retail sector is more vulnerable than it might appear. Card skimmers may cause $1 billion a year in losses, but cybercrime causes more than a dozen times that number.

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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

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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Saks Parent HBC to Buy Neiman Marcus Group for $2.65 Billion, Including Investment from Amazon

Retail TouchPoints

“For years, many in the industry have anticipated this transaction and the benefits it would drive for customers, partners and employees. This is an exciting time in luxury retail, with technological advancements creating new opportunities to redefine the customer experience.” To fund the acquisition, HBC has secured $1.15

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J.Crew To Exit Bankruptcy With More Than 300 Stores

Retail TouchPoints

The plan provides $400 million in exit financing and $400 million in new term loans. J.Crew Group has reached agreements with its landlords to improve lease terms for its stores, anticipating savings of approximately $70 million in 2020 and approximately $60 million in 2021. billion of the company’s secured debt into equity.

Finance 348
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Hy-Vee RMN Deploys Carrot Ads Solution; Instacart Extends Ad Placements to Smart Carts

Retail TouchPoints

Dianas has been crafting premium chocolate-covered frozen bananas since 1984 and today, were proud to have nationwide retail distribution, said Stan Keller, Chief Strategy and Finance Officer at Dianas Bananas in a statement.

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The Top 5 Retail Remix Episodes of 2023

Retail TouchPoints

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. The Retail Remix podcast was developed to feature the founders, executives and practitioners shaping retail’s future. Let’s begin the countdown… 5.