PYMNTS

JANUARY 20, 2020

Future Group , the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 Those closures were part of the restructuring happening now, a source said. and laid off 350-400 workers, Livemint reported Sunday (Jan. 19), citing four sources who were former employees.

eCommerce 40

eCommerce Restructuring Retail Sales 40

PYMNTS

APRIL 10, 2017

Changing eCommerce and technological shifts in the retail space are now impacting payrolls. ECommerce and technology have absolutely changed the rules of the game and given massive amounts of power to the consumer,” Simeon Siegel, retail analyst for Nomura, told the NYT. According to a new report from the U.S.

eCommerce 40

eCommerce Retail Restructuring Economics 40

PYMNTS

JANUARY 5, 2018

He believes the restructuring comes at the right time for the mega-retailer, which needs to adapt to an increasingly digital commerce era. “I I believe Walmart will continue to use the internet and grow their eCommerce sales for about 4 or 5 percent now to well over 10 percent,” Cast predicted.

eCommerce 40

eCommerce Restructuring Retail Sales 40

PYMNTS

DECEMBER 3, 2020

2), adding it was part of a restructuring. while its Jet.com eCommerce subsidiary is headquartered in Hoboken, N.J. Partly that’s due to a huge surge in shoppers flocking to eCommerce. The retailer confirmed the new round of layoffs to Footwear News on Wednesday (Dec. The trade publication said that U.S.

Restructuring 76

Restructuring eCommerce Retail Sales 76

PYMNTS

NOVEMBER 2, 2016

stays within the traditional retail ecosystem,” said Christa Hart, senior managing director in the retail and consumer products practice within FTI Consulting’s finance and restructuring segment. “For each marginal sales dollar that migrates away from stores to the online channel today, only about $0.68

eCommerce 68

eCommerce Restructuring Retail Sales 68

PYMNTS

FEBRUARY 7, 2020

The rise of eCommerce has been an inexorable one, and the retail landscape has shifted for retailers. The latest signs come from Macy’s , which in recent days announced a restructuring that will see the mall stalwart close 125 department stores and slash 2,000 jobs. Welcome, perhaps, to the mauling of the Great American Mall.

Retail 57

Retail Restructuring eCommerce Sales 57

PYMNTS

MAY 19, 2020

PYMNTS reported Friday that JCPenney’s bankruptcy filing came after the company reached an agreement with 70 percent of its lenders as well as a debt restructuring program expected to help reduce the debt and provide more flexibility particularly in the middle of the financial crisis.

Restructuring 110

Restructuring Retail eCommerce Securities 110

PYMNTS

DECEMBER 23, 2020

Ant is the financial arm of Alibaba, which could be the world’s biggest eCommerce company. Howard Yu , director of the Swiss–based International Institute for Management Development, told PYMNTS that a restructuring may be on the horizon. Now, the future of Ant Group is up for debate.

Restructuring 96

Restructuring eCommerce Technology Marketing 96

PYMNTS

FEBRUARY 14, 2020

To recover following a lackluster display over the holidays, Modell’s Sporting Goods has brought on a series of advisers with the inclusion of a chief restructuring officer. The retail chain has encountered slumping sales and a competitive field from eCommerce, as well as big-box retailers, The Wall Street Journal reported.

Sales 52

Sales Restructuring Forecasting Retail 52

PYMNTS

JULY 2, 2020

The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic. The company was able to reach a deal with most of its lenders that afforded it another $450,000 to stay afloat during its restructuring.

Restructuring 88

Restructuring Communication Retail Economics 88

PYMNTS

FEBRUARY 5, 2020

Macy’s announced it will be closing 125 department stores through the next three years, 20 percent of its locations, in an attempt to restructure and revitalize. CyberSource: Helping Merchants Prepare For eCommerce ‘Mini Peaks’. The traditional “peak” retail season is giving way to “mini peaks,” spurred by eCommerce promotional events.

Currencies 52

Currencies Banking Restructuring B2B 52

PYMNTS

JUNE 4, 2019

Amazon , Worldpay , and Stripe — the eCommerce and payment companies — are expressing concern that a lack of preparedness by the industry to new EU security regulations could put billions of dollars of eCommerce purchases at risk. Collison said the rules will require every European merchant to restructure their checkout process. “It’s

Sales 66

Sales Restructuring eCommerce Economics 66

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 28, 2019

The retailer has been looking into ways to restructure its business as it deals with struggling sales. One way Forever 21 has tried to boost sales is by improving its eCommerce options. Last year, the company unveiled visual search for its website and mobile eCommerce platforms.

Sales 61

Sales Restructuring eCommerce Retail 61

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

JULY 29, 2020

Belk, which Sycamore acquired in 2015, and JCPenney have grappled with decreasing sales as they face rivalry from eCommerce merchants and newer brands. That announcement came as the retailer arrived at an agreement with 70 percent of its lenders in addition to a debt restructuring.

Restructuring 63

Restructuring Retail eCommerce Sales 63

PYMNTS

DECEMBER 28, 2020

Will Chinese Authorities Force Ant To Restructure? . Howard Yu , LEGO professor of management and innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster last month that regulators would soon force Ant to restructure to address such concerns.

Restructuring 67

Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

JULY 6, 2018

Some locations were to close earlier, while the company’s eCommerce operations have been already closed for about three months, Fortune reported. After failing to restructure its debt or find a buyer, Toys R Us was to either sell or shutter all of its brick-and-mortar stores in the U.S, Reuters had reported in March.

Restructuring 73

Restructuring Retail eCommerce Leverage 73

PYMNTS

JANUARY 5, 2021

Deirdre O’Connor, managing director of Corporate Restructuring at Epiq, said in the release that the higher Chapter 11 filings came from "preexisting distressed companies coupled with the onset of a zero-revenue environment.". However, Epiq officials said in the release that recent government financial aid will help those numbers.

Restructuring 63

Restructuring Numbers eCommerce Retail 63

PYMNTS

MAY 11, 2020

The program will use pre-negotiated savings and an eCommerce interface to allow smaller fleets and businesses to purchase products and services they need to run their businesses. The release states that users will be able to access “discounted prices” with WEX EDGE and use their WEX fuel account to make payments.

Restructuring 60

Restructuring Forecasting Healthcare eCommerce 60

PYMNTS

APRIL 29, 2020

Long before the coronavirus struck, brick-and-mortar stores faced extinction by a combination of eCommerce and bankruptcies. Bloomberg reported Tennessee-based CBL Properties, which owns 68 enclosed, outlet and open-air retail malls, is seeking advice on strategic and financing options, including restructuring.

Restructuring 61

Restructuring Retail eCommerce Finance 61

PYMNTS

APRIL 2, 2019

As the retail sector continues to undergo restructuring, a number of retail real estate markets face more vacancies and falling rents. Sears , which started out in the 1880s as a mail-order catalog and then morphed into one of the nation’s biggest department store chains, has been felled by eCommerce and physical retailers.

Restructuring 50

Restructuring Construction eCommerce Retail 50

PYMNTS

JANUARY 25, 2018

Citing people with knowledge of the negotiations, Bloomberg reported news that the deal aims to restructure the company’s nearly $1.5 Nine West would file for Chapter 11 bankruptcy, armed with a restructuring plan that has the support of its creditors. billion debt.

Sales 50

Sales Restructuring Leverage Retail 50

PYMNTS

JANUARY 16, 2020

In the quarter ending last September, Ant added $309 million to Alibaba’s bottom line, and the eCommerce giant traded its 37.5 In December , Ant Financial named Simon Hu as its chief executive officer as the Alibaba Group restructured. percent pre-tax profits for a 33 percent equity stake.

Restructuring 52

Restructuring eCommerce Planning Investments 52

PYMNTS

JUNE 9, 2020

The study concludes that “ the spike in eCommerce is likely here to stay, even post-pandemic.”. Neiman Marcus told the Post that its “restructuring plan is focused on alleviating our debt load, not mass store closures.” A recent PYMNTS study conducted over a 12-week period found that of the 48.2

Restructuring 52

Restructuring Retail eCommerce Finance 52

PYMNTS

MARCH 2, 2017

In a nod to the continued competition in India’s eCommerce realm, intense as it is, Snapdeal has said that it is laying off staff amid a larger restructuring effort.

Restructuring 55

Restructuring eCommerce Marketing Investments 55

PYMNTS

MARCH 9, 2017

A source familiar with India’s top eCommerce company Flipkart told Reuters that the firm is hoping to raise as much as $1 billion in its latest funding round. One of Flipkart’s biggest competitors, India’s eCommerce company Snapdeal , shared that it is “restructuring” by laying off employees.

Valuation 40

Valuation Restructuring eCommerce Investments 40

PYMNTS

FEBRUARY 23, 2017

The battle to become the ruler of the eCommerce world is a tough one to win. India eCommerce company, Snapdeal, is feeling the heat of online sales competition with its most recent announcement. The online marketplace shared that it is “restructuring” by laying off employees. While Flipkart has recently raised $1.5

Restructuring 43

Restructuring eCommerce Investments Sales 43

PYMNTS

MARCH 6, 2020

Walmart is apparently working hard at restructuring itself to win, particularly in regards to how it manages it growing its eCommerce business — operationally and logistically. eCommerce retail sales. During the same time period, Amazon’s eCommerce retail sales have grown from $83 billion to $294 billion.

Numbers 77

Numbers eCommerce Healthcare Sales 77

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

FEBRUARY 6, 2019

According to a report , Tesla, which sells an array of branded items including water bottles, hats, jackets, chargers and even a surfboard through its own website, took a step to expand its potential reach with the Amazon eCommerce store. The mystery surrounding the Tesla-branded shop on Amazon comes as the company is in restructuring mode.

Restructuring 53

Restructuring eCommerce Retail 53

PYMNTS

OCTOBER 14, 2020

The big “day” is finally here — well, big two days to be technically accurate, as Amazon Prime Day, the eCommerce giant’s annual shopping holiday, is now a 48-hour event that began Tuesday (Oct. And the two-day event is this year performing a very different service than it does normally. The Prime Day Push . A Very Amazon Holiday Season.

Forecasting 72

Forecasting Restructuring Sales eCommerce 72

PYMNTS

FEBRUARY 4, 2020

The company plans to continue to restructure and attempt to come back from a slump that has lasted more than a year. The company said that the restructuring will cost about $480 million but that it’s going to save $1.5 About 10 percent of corporate and support staff will be fired, which equals roughly 2,000 corporate jobs.

Restructuring 52

Restructuring Retail Planning eCommerce 52

PYMNTS

OCTOBER 1, 2019

German shipping and logistics company Deutsche Post DHL has investment and expansion plans to capitalize on the growing eCommerce space worldwide, according to a report from Reuters. It aims to see better profits by restructuring and raising prices to raise its 2019 forecast, despite potential global trade difficulties ahead.

Investments 40

Investments Restructuring Forecasting eCommerce 40

PYMNTS

FEBRUARY 15, 2019

At the time, the retailer was reportedly looking at selling or restructuring the company, as well as closing one third or more of its retail stores. The brand could potentially have pop-up shops, eCommerce or brick-and-mortar stores, with the goal of having locations that combine offline and online experiences.

Restructuring 50

Restructuring Retail eCommerce Sales 50

PYMNTS

FEBRUARY 4, 2020

The company plans to continue to restructure and attempt to come back from a slump that has lasted more than a year. The company said that the restructuring will cost about $480 million but that it’s going to save $1.5 About 10 percent of corporate and support staff will be fired, which equals roughly 2,000 corporate jobs.

Restructuring 52

Restructuring Retail Planning eCommerce 52

PYMNTS

MARCH 23, 2017

Indian eCommerce firm Snapdeal is not for sale, the company says after reports that Snapdeal was in discussions with domestic rivals for a potential sale, said Reuters. The online marketplace announced back in February that it is “restructuring” by laying off employees. Snapdeal categorically denies having had any such discussion.

Restructuring 40

Restructuring eCommerce Sales Investments 40