PYMNTS

JANUARY 19, 2017

BCBG announced plans to close stores and restructure the company due to mounting pressure from its debt burden and more consumers opting to shop online. Though the brand is facing a cash crunch, those that spoke to Bloomberg said there are no plans to sell and bankruptcy is not seen as an imminent risk to the business.

Restructuring 40

Restructuring Retail eCommerce Planning 40

PYMNTS

MARCH 2, 2017

Retailer BCBG Max Azria filed for bankruptcy and is making a major shift towards eCommerce, with a series of store closures that started earlier this year. In January, the retailer announced plans to close stores and restructure the company due to mounting pressure from its debt burden and more consumers opting to shop online.

eCommerce 40

eCommerce Restructuring Retail Planning 40

PYMNTS

JULY 2, 2020

We may be on borrowed time for job cuts in a number of industries…that were not necessarily distressed when we entered the pandemic,” she said, according to WSJ. The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic.

Restructuring 88

Restructuring Communication Retail Economics 88

PYMNTS

SEPTEMBER 24, 2020

We’ve seen Walmart throw down the gauntlet on eCommerce, going public with its plans to hire Amazon-like numbers for its fulfillment centers. But they have evolved enough to send consumers happily to eCommerce sites. Online sales platforms lack dependencies for consumers, and that’s become crystal-clear this week.

Restructuring 64

Restructuring Retail eCommerce Communication 64

PYMNTS

MAY 19, 2020

Even eCommerce giant Amazon had to switch its priority to shipping essential household and medical items amid delivery delays. That means that while Amazon and other eCommerce players were forcing customers to wait weeks, Walmart was more or less able to honor delivery windows measured in days by leveraging its store network.

Retail 88

Retail Restructuring CFO eCommerce 88

PYMNTS

DECEMBER 19, 2017

Store sales for the Wayne, New Jersey-based firm have declined 15 percent this holiday shopping season compared to last, and the number of brick-and-mortar toy stores shuttering after the holidays could reach as high as 200. Less-than-optimal holiday sales numbers may put a dampener on those plans , however.

Sales 43

Sales Restructuring Retail eCommerce 43

PYMNTS

MARCH 24, 2016

If Nordstrom is looking to strengthen its eCommerce capabilities, the retailer certainly looked to the right place in a recent hire. “Kumar’s extensive experience in strategy, product development and delivering technology solutions that support a great user experience, as well as his passion for the customer, will be invaluable.”

Restructuring 40

Restructuring eCommerce Retail Technology 40