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Joann Enters Structured Bankruptcy; Stores and Site to Remain Operational

Retail TouchPoints

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.

Finance 221
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Trigo Raises $100 Million to Fuel Expansion of Cashier-Free Checkout Technology

Retail TouchPoints

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.,

Checkout 253
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Retail sales show ‘off the chart’ gains vs. 2020

Mass Relators

demonstrates that household finances remain strong, and the economic recovery will likely continue to gain steam as we head into the summer months. Health and personal care stores were up 1% month-over-month seasonally adjusted and up 24.6% Online and other non-store sales were down 0.6% General merchandise stores were down 4.9%

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Early holiday shopping boosts October retail sales

Mass Relators

Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets underway,” NRF President and CEO Matthew Shay said. Electronics and appliance stores were up 3.8% Sporting goods stores were up 1.5% General merchandise stores were up 0.8%

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NRF: Retail sales rebounded in March

Mass Relators

Even with some stimulus money going to savings, consumers’ finances are healthy, and they are willing to spend. Electronics and appliance stores were up 10.5% Health and personal care stores were up 5.7% General merchandise stores were up 9% month-over-month seasonally adjusted and up 6.1%