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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Retail TouchPoints

MARCH 26, 2024

The retailer also has changed its management structure, consolidating responsibilities among its top executives: Carrie Baker, President, Brand and Commercial, will expand her role to oversee Design and will continue to partner closely with Reiss on creative, product and brand evolution; Beth Clymer, President of Finance, Strategy and Administration, (..)

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Retail TouchPoints

MARCH 18, 2024

As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and other parties that includes commitments for approximately $132 million in new financing. The 800+ -store crafts retailer has initiated voluntary prepackaged Chapter 11 cases in the U.S.

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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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Retail TouchPoints

MAY 18, 2023

Paula Dempsey, SVP of Finance and Investor Relations, will take on the role of interim CFO until a permanent successor is named. She has extensive retail experience, most recently as SVP of Corporate Finance for Mattress Firm , which was purchased by Tempur Sealy earlier this month.

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Retail TouchPoints

JANUARY 13, 2023

The sale is part of an agreement that FORMA’s parent company, FB Debt Financing Guarantor, reached with an entity controlled by the agent under FORMA Brands’ existing secured debt. These lenders include Jefferies Finance and funds managed by Cerberus Capital Management and FB Intermediate Holdings.

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Retail TouchPoints

FEBRUARY 21, 2024

Arkhouse Managing Partners Gavriel Kahane and Jonathon Blackwell said in a statement that the company has been privately working with the Macy’s board to resolve concerns about its takeover offer, namely Arkhouse’s financing sources and the purchase price. “We

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Inside Retail

OCTOBER 5, 2023

Goldberger will work directly with president and COO Clark Linstone, chief marketing officer David Luebke, SVP of store operations Terre Wellington, other leaders of Lamps Plus, and team members from Nexus Capital Management. He formerly worked for Lockton Companies, a privately held insurance broker, as director of finance.

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Retail TouchPoints

JULY 1, 2022

Enjoy will continue operating throughout the bankruptcy process but will wind down its operations in the UK, according to an SEC filing. To fund its operations throughout the Chapter 11 proceedings, Enjoy has received a $2.5 million bridge loan and a financing commitment of $55 million from tech services company A s urion.

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

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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.

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Retail TouchPoints

MAY 3, 2021

Roe will have responsibility for all finance functions and lead the retailer’s Strategy and Consumer Insights teams. for 25 years in positions including VP, Controller and Chief Accounting Officer; VP of Finance for the Jeanswear and Imagewear Coalitions; and CFO of the International Business. Tapestry has named Scott A.

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Retail TouchPoints

JULY 18, 2023

I’m not even sure we have the funds to finance a liquidation of the business.” News and World Report article that quoted in-court statements by David’s Bridal financial advisor Surbhi Gupta: “Candidly, I don’t know if there are other viable options.

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Retail TouchPoints

JUNE 7, 2022

The exclusive period was set to allow Franchise Group and its financing partners to finalize their due diligence and financing arrangements before the parties enter into a binding agreement. Franchise Group has offered to acquire the retailer for $60 per share , which would value the company at approximately $8 billion.

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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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Retail Wire

MAY 18, 2021

has raised its annual sales and earnings forecast based on a number of factors: stores operating on pre-pandemic terms, pent up shopping demand, increased disposable income and optimism around personal finances and the direction of the U.S. The department store operator announced that same-store sales jumped 63.9

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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.

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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.

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Retail TouchPoints

AUGUST 8, 2023

Starting college is exciting for incoming freshmen, but that excitement is accompanied by anxiety and worry for both students and their parents, especially regarding finances and safety,” said Samantha Avivi, Chief Marketing Officer at Advance in a statement.

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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 deal will give Tuesday Morning access to REV’s fulfillment network, infrastructure, systems and technology and ecommerce capabilities.

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Retail TouchPoints

OCTOBER 27, 2022

Computer vision company Trigo has raised $100 million in a new equity financing round. enter new geographies and develop its store and inventory management software application suite, StoreOS. The solution provider will use the funding to scale deployment of autonomous urban supermarkets across Europe and the U.S.,

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Retail TouchPoints

MAY 27, 2020

However, the complete halt of store operations for two months put the company in a financial position that can be effectively addressed only through a reorganization in Chapter 11.”. The retailer has secured $100 million in debtor-in-possession financing to continue operating during the restructuring process.

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Retail TouchPoints

JULY 23, 2020

The company, which currently operates approximately 2,800 stores, has created a restructuring plan that includes closing a number of its brick-and-mortar stores, including all of its Catherines stores and a significant number of Justice stores. Bankruptcy Court for the Eastern District of Virginia.

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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.

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Retail TouchPoints

MARCH 15, 2023

Prior to joining Five Below, Bull served in senior finance roles at other retailers, including Urban Outfitters. “I I joined Five Below when we operated just 27 stores,” said Bull in a statement. “As Bull has been with Five Below for 17 years and has held the CFO and Treasurer positions since 2012.

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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.

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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. Macy’s had eliminated the COO position, it turns out temporarily, in March 2021. Gennette will work with both Spring and Mitchell until his retirement to ensure a smooth transition.

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Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8 The mall also had missed the previous payment deadline for the same reason in August 2022. The notice from U.S.

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Retail TouchPoints

SEPTEMBER 7, 2022

The firm was on board to help Franchise Group finance the deal, but negotiations ultimately fell through. Oak Street was previously involved with Kohl’s when the retailer sought to sell itself to Franchise Group for approximately $8 billion in July 2022.

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Retail TouchPoints

JUNE 10, 2020

billion in new financing, including its previously announced $1.3 Our strong digital business sales trend continued throughout May, and it is encouraging to see that as we reopen a store, the digital business in that geography continues to be strong,” said Jeff Gennette, Chairman and CEO of Macy’s in a statement.

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Retail TouchPoints

NOVEMBER 14, 2022

billion in construction financing loans, according to NJBIZ. American Dream owner Triple Five Group has reportedly reached a deal with lenders to get a four-year extension for repaying its $1.7 The group, led by JPMorgan Chase, has set a new maturity date of October 2026.

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Retail TouchPoints

FEBRUARY 15, 2023

million of debtor-in-possession financing to support ongoing operations during the proceedings. The restructuring process will enable Tuesday Morning to optimize its store footprint and focus on its “core and heritage markets.” The off-price retailer also has obtained a commitment from Invictus Global Management to provide $51.5

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Retail TouchPoints

JULY 6, 2020

Lucky Brand has received new financing commitments from certain of its existing lenders that will provide sufficient liquidity to fund the business through the closing of the sale,” the company said. million in debtor-in-possession financing, according to bankruptcy filings. “We Lucky Brand has obtained $15.6

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Retail TouchPoints

JANUARY 25, 2023

The retailer already has received a commitment for a $125 million asset-based loan following its emergence from bankruptcy, as well as an additional $125 million in debtor-in-possession financing. These funds, in addition to SSB’s $170 million cash on hand, will be used to support the business during the Chapter 11 process and beyond.

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Retail TouchPoints

APRIL 7, 2021

The retailer plans to use this as an opportunity to negotiate with landlords as it restructures its finances, according to court papers. TCG, like many other retailers, was forced to close stores during the pandemic and tried to improve online sales to survive. sell off brands.

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Retail TouchPoints

AUGUST 5, 2022

New Jersey mall and entertainment complex American Dream has failed to make an interest payment on municipal loans sold to help finance the $5 billion venture. The missed payment was for $8.8 million , according to a regulatory filing. Payment on the $287 million debt was due Aug. 1, according to the filing.

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Retail TouchPoints

MARCH 1, 2024

She left a prestigious Wall Street position to start the company; similarly, Ken left a career in finance to join the company in 2007. Vertical Integration Enhances Natori’s Flexibility Natori was founded by Ken’s mother Josie Natori, who remains the company’s CEO and Chief Creative Officer. (It

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