PYMNTS

MARCH 17, 2020

company is closing 531 stores, which will result in the loss of 3,000 jobs. Whitman Howard Analyst Tony Shiret said the decision for what to do with the remaining stores is the “elephant in the room” when it comes to how the company is going to restructure itself. The company is predicted to see losses of about 90 million pounds ($108.7

Profit and Loss 52

Profit and Loss Restructuring Sales Investments 52

PYMNTS

JANUARY 12, 2018

Leading that pack is eCommerce behemoth Amazon, which is aggressively expanding and forcing physical retail to adapt to and embrace eCommerce. Even megaretailer Walmart has announced the closure and restructuring of several of its Sam’s Club-branded stores across the U.S. These moves by HBC included job cuts.

Restructuring 43

Restructuring Profit and Loss eCommerce Retail 43

PYMNTS

AUGUST 16, 2018

The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. The headline number was the highly watched same-store sales figure. That picked up 4.5

Profit and Loss 40

Profit and Loss Restructuring Forecasting eCommerce 40

PYMNTS

OCTOBER 21, 2016

Fitch names rue21 as a retailer at a “high risk of default” because of its bond debt, declining foot traffic, competition from eCommerce and other retailers and “a lack of a compelling product line.”. According to Christy of S&P, retailers typically open new stores to offset bleaker same-store sales. Along with Claire’s Stores Inc.,

Retail 55

Retail Marketing Profit and Loss Restructuring 55

PYMNTS

MAY 4, 2016

“Quarterly losses, schmorterly losses” seems to be the position of H&M. The fast-fashion retailer was not alone in coming into the year on a downward revenue trend, but unlike a lot of the brands in the same boat, H&M shows no indication of ceding the future of brick-and-mortar to eCommerce. Five Below.

Retail 40

Retail Profit and Loss Restructuring eCommerce 40