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. By 2018 the company had 500-600 employees developing digital assets for Retail 3.0. Shares in Future Retail rose 13 percent on Nov.

eCommerce 40

eCommerce Restructuring Retail Sales 40

PYMNTS

AUGUST 16, 2018

After closing its doors earlier in the year, a former Sam’s Club store outside of Chicago will become a fulfillment center for eCommerce orders. In June, the retailer unveiled a new fulfillment center in Memphis. Other eCommerce facilities in Florida, California, the Chicago area and the Northeast are reportedly on the way.

eCommerce 40

eCommerce Restructuring Retail Planning 40

PYMNTS

MAY 19, 2020

Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney , Fox Business reported, citing Women’s Wear Daily (WWD). JCPenney officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status. Now, Amazon could be moving in. According to the U.S.

Restructuring 110

Restructuring Retail eCommerce Securities 110

PYMNTS

DECEMBER 3, 2020

In July , Walmart cut its workforce by laying off hundreds in its logistics, real estate and retail location-planning divisions. “We The retailer confirmed the new round of layoffs to Footwear News on Wednesday (Dec. 2), adding it was part of a restructuring. Partly that’s due to a huge surge in shoppers flocking to eCommerce.

Restructuring 76

Restructuring eCommerce Retail Sales 76

PYMNTS

JANUARY 5, 2018

While many in the segment have bemoaned store closures as a sign of weakness in the retail sector, one expert is taking a slightly more optimistic view of what’s next — at least in regards to one retailer in particular. Former Walmart CEO Carter Cast believes store closures are a sign of strength for Walmart, not weakness. “I

eCommerce 40

eCommerce Restructuring Retail Sales 40

PYMNTS

NOVEMBER 2, 2016

Going to be a good year for online retailers if analysts got their guess right. The study further noted that online retail sales growth has picked up just over 14 percent in the last year, and while there is expected to be some cooling there to 11.4 Omnichannel has changed the field some but also very much changed cost structures. “For

eCommerce 68

eCommerce Restructuring Retail Sales 68

PYMNTS

MARCH 2, 2020

s most high-profile retailers is doing well in the U.S. and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. s fastest growing brick-and-mortar retailer, Wren Kitchens. And also in training our retail staff to offer the customer a fantastic service.”.

Retail 52

Retail Marketing Restructuring Sales 52

PYMNTS

FEBRUARY 5, 2018

The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. The retailer said in a filing last week that it might have to file for Chapter 11 if it could not reach a deal with creditors.

Retail 51

Retail Restructuring Sales eCommerce 51

PYMNTS

JULY 2, 2020

Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. retail field, finally filed for Chapter 11 in May after several years going back and forth on whether it would happen. Penney, once a heavy hitter in the U.S. The company said it planned to keep soldiering on.

Restructuring 88

Restructuring Communication Retail Economics 88

PYMNTS

MAY 12, 2017

Many retailers have been suffering over the past few years due to the increasing popularity of shopping online. With beauty bloggers, YouTube tutorials and Instagram coming into the mix, the entire beauty retail experience has been flipped on its head. With this new in-store shopping experience, many other retailers are following suit.

Retail 40

Retail Restructuring eCommerce Sales 40

PYMNTS

MARCH 9, 2017

For years, the retail industry has added more and more locations to help feed the hungry consumer, but the main issue now is whether this has backfired on retailers. One company speaking to this is clothing retailer Urban Outfitters. One company speaking to this is clothing retailer Urban Outfitters.

Retail 40

Retail Restructuring eCommerce Investments 40

PYMNTS

JUNE 20, 2017

There’s no question about it — today’s retail landscape is undergoing a digital revolution. With the online world enabling individuals to more easily start their own businesses, we’ve seen the likes of Etsy, Warby Parker and Dollar Shave Club come onto the retail scene. With Macy’s and Kohls’ shares down 20 percent alongside J.C.

Retail 54

Retail Restructuring Advertising eCommerce 54

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

SEPTEMBER 24, 2020

Retail, for all intents and purposes, has always been an interdependent system. And all retailers depend on the one constant that separates any business from a hobby: the customer. And all retailers depend on the one constant that separates any business from a hobby: the customer. 2) Owned retail outlets.

Restructuring 64

Restructuring Retail eCommerce Communication 64

PYMNTS

MAY 22, 2017

Automation has hit the manufacturing industry hard, costing the industry millions of factory jobs — yet it has the potential to hit retail even harder. million jobs over the next 10 years across retail and other sectors. That breaks down to 38 percent of the current 16 million-strong retail workforce.

Retail 44

Retail Restructuring Education Manufacturing 44

PYMNTS

AUGUST 28, 2019

The retailer has been looking into ways to restructure its business as it deals with struggling sales. It is unknown if the company has started to raise the loan that would fund a potential bankruptcy, and there is still a chance that the retailer could decide not to file for protection at all.

Sales 61

Sales Restructuring eCommerce Retail 61

PYMNTS

JULY 29, 2020

billion and intends to combine the iconic retailer with the Belk department store chain, the New York Post reported, citing an unnamed source. Belk, which Sycamore acquired in 2015, and JCPenney have grappled with decreasing sales as they face rivalry from eCommerce merchants and newer brands.

Restructuring 63

Restructuring Retail eCommerce Sales 63

PYMNTS

AUGUST 16, 2017

There are rarely second acts in retail — particularly once bankruptcy is in play — but, every so often, the unexpected happens. Last week, footwear retail company Payless ShoeSource was one of those unexpected stories, a company pulled into the bankruptcy whirlpool but getting plucked out before being sucked all the way down to the bottom.

Retail 61

Retail Restructuring Leadership Planning 61

PYMNTS

OCTOBER 21, 2016

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Mobile shopping is growing and a key focus of retailers going into the holiday season. Mobile shopping is growing and a key focus of retailers going into the holiday season. Along with Claire’s Stores Inc.,

Retail 55

Retail Marketing Profit and Loss Restructuring 55

PYMNTS

JULY 6, 2018

Following the closure of Toys R Us stores in June, retailers in the hobby and off-price segments may fill some of the larger empty big-box spaces. In January, the hobby retailer had arrived at a store count of 800 and, in June, the retailer had seven new stores. The retailer had over 700 remaining locations in the U.S.,

Restructuring 73

Restructuring Retail eCommerce Leverage 73

PYMNTS

JANUARY 12, 2018

Luxury retailer Saks Fifth Avenue is taking a stand against the ongoing push for artificial intelligence (AI) in the brick and mortar shopping experience. His comments were in response to questions about the ongoing evolution of retail, the growing focus on online shopping experiences and the emerging trend of AI-based commerce.

Restructuring 43

Restructuring Profit and Loss eCommerce Retail 43

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

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

OCTOBER 12, 2018

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. The store will also offer magic shows and a grocery shopping experience designed for kids.

Retail 46

Retail Restructuring Planning eCommerce 46

PYMNTS

AUGUST 10, 2018

Brick-and-mortar retailers have sought to reduce their retail footprint in hard times, and Mattress Firm, Inc. Steinhoff International Holdings NV, which acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt. is no exception.

Retail 42

Retail Planning Restructuring eCommerce 42

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. “The

Restructuring 63

Restructuring Numbers eCommerce Retail 63

PYMNTS

JUNE 9, 2020

Related Companies and Oxford Properties, developers of the upscale megamall on Manhattan’s West Side, are said to be marketing other retail space in the mall as well, according to the New York Post. The COVID-19 recession is causing a major shakeout in retail, with Neiman Marcus being one of the big ones to enter bankruptcy court.

Restructuring 52

Restructuring Retail eCommerce Finance 52

PYMNTS

APRIL 29, 2020

Long before the coronavirus struck, brick-and-mortar stores faced extinction by a combination of eCommerce and bankruptcies. That fallout is worst for lodging, gaming, senior housing, nursing homes, student housing, and most retail.”. More than 9,300 brick-and-mortar stores closed last year in the U.S.,

Restructuring 61

Restructuring Retail eCommerce Finance 61

PYMNTS

AUGUST 3, 2018

Brookstone , a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. malls, Brookstone is now the latest major brick-and-mortar retailer to announce that it has filed for bankruptcy protection. Both have operations online under new owners, reported The Wall Street Journal.

Retail 40

Retail Restructuring Currencies Planning 40

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. Physical retailers have been suffering from the rise of eCommerce and Amazon’s knack for entering markets, disrupting them and eventually emerging as a leader.

Restructuring 50

Restructuring Construction eCommerce Retail 50

PYMNTS

MAY 8, 2020

It was a tumultuous week for fashion retail and department stores. Next week could be a tipping point between the “great resettling” and the “great bankruptcy,” with short-term as well as long-term consequences for the retail landscape. It’s likely to be the largest such wave in modern retail history.”.

Mergers and Acquisitions (M&A) 63

Mergers and Acquisitions (M&A) Sales Restructuring Entertainment 63

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. The typical American household spends $65,960 per year, the largest share of which goes toward retail spending — 30.8 eCommerce retail sales.

Numbers 77

Numbers eCommerce Healthcare Sales 77

PYMNTS

MAY 4, 2016

By and large, things are not great for retail (particularly of the brick-and-mortar variety). Indeed, it’s popular — dare we say, trendy, even — to postulate that retail as we know it is doomed. And if doing so can increase profits — as has been the case with Sheetz — that could stand as a pretty solid example for other retailers.

Retail 40

Retail Profit and Loss Restructuring eCommerce 40

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

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. Nine West has one of highest leverage ratios among its peers in retail.

Sales 50

Sales Restructuring Leverage Retail 50

PYMNTS

APRIL 26, 2016

Not that too many major sports retailers are in a joking mood currently, but the easy joke to make — were one so inclined — about the spate of closures and bankruptcies in the space of late would be to attribute it to modern consumers’ laziness and lack of athleticism. A vicious circle if ever there was one.

Retail 40

Retail Restructuring eCommerce Sales 40

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