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

PYMNTS

FEBRUARY 14, 2020

To help businesses, communities and retail clients impacted by COVID-19, or the coronavirus , Asian financial services group DBS said in an announcement that it will roll out liquidity relief, among other measures. The bank said it will offer a “six-month principal repayment moratorium” for small to medium-sized business (SMB) property loans.

Economics

Global Finance

OCTOBER 8, 2024

Accordingly, China’s involvement in Africa goes beyond trade, encompassing a mix of economic investments, geopolitical strategies, and local challenges. Chinese-financed projects have had positive spillover effects on broader economic activity in Africa, something not as evident with World Bank loans.” billion owed to Beijing.

Transportation

PYMNTS

JULY 2, 2020

She said there could be more cuts coming due to adverse economic conditions. “We Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. Penney, once a heavy hitter in the U.S.

Restructuring

PYMNTS

OCTOBER 28, 2020

The big-box retailer, traditionally known for its mailed coupons that offered 15 or 20 percent discounts on bedding and other home accessories, will be stepping away from that touchstone. The effort is part of the retailer's restructuring plan.

Restructuring

PYMNTS

MARCH 30, 2020

There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will arrive in time for the April rent and lease deadline staring retailers right in the bank account come Wednesday. And if it’s any consolation, retail rents will almost certainly drop in the short term.

Retail

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

CFO Simplified

FEBRUARY 11, 2022

Over the past two years, the US federal government has given billions of dollars to businesses, including through Paycheck Protection Program (PPP) loans, Economic Injury Disaster Loan (EIDL) grants, and Employee Retention Credit (ERC) tax rebates. When economic winds change, small and middle-market companies must be able to pivot.

Planning

PYMNTS

JUNE 4, 2019

According to a report in The Financial Times , the new rules, which require more verification for online payments of more than €30 and go into effect in September, require big changes to processes and technology at retailers, banks and payment groups. The new rules are aimed at reducing fraud.

Sales

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

PYMNTS

APRIL 22, 2020

The retail bankruptcy watch turned to some Wednesday morning quarterbacking this week, as industry experts and observers took turns assessing the current and potential damage to the department store category amid the coronavirus crisis. Cohen, the director of retail studies at Columbia University’s Business School told The New York Times.

Restructuring

PYMNTS

SEPTEMBER 16, 2016

A disappointing economic report for August, weak retail sales and industrial production and slower job growth are expected to prevent the Fed from increasing interest rates at least until December. Justice Department’s demand for $14 billion from Deutsche Bank concerning claims related to sales of mortgage-backed securities.

Benchmarking

Global Finance

OCTOBER 10, 2024

Retail inflation eased to 3.54% in July from 5.08% in June, versus a market consensus of 3.65%. Kyrgyzstan Melis Turgunbaev: Too Early To Say The National Bank of the Kyrgyz Republic (NBKR) held policy rates steady at 9% following its July meeting, in the face of moderating inflationary pressure and economic recovery.

Benchmarking

PYMNTS

MAY 5, 2020

After adjusting for restructuring charges and other effects, Disney reported earnings of 60 cents a share, down from $1.61 The coronavirus pandemic and the economic shutdown it has prompted have exposed a central vulnerability to Disney’s once-bulletproof business plan,” wrote The Wall Street Journal. a share a year ago.

Profit and Loss

CFO News Room

JANUARY 18, 2023

The last few years have been eventful for all companies, with the COVID crisis and ensuing economic shut down causing pain for companies, with recovery coming in 2021, as the global economy opened up again. Superior unit economics. Brand name allows you to charge higher price for the same products. Economies of scale. YouTube Video.

Marketing

Future CFO

SEPTEMBER 2, 2021

Support measures for borrowers will limit the asset quality decline in Thailand, Indonesia, and the Philippines and banks in these countries have sufficient capital and provisions to absorb losses, though the resurgence of coronavirus cases will hinder their economic recovery and raise asset risks for banks , said Moody’s recently.

Profit and Loss

PYMNTS

JULY 27, 2020

The opening salvo in what is sure to be a contentious fight for a new economic stimulus package was unveiled Monday (July 27). Its call for unemployment restructuring is bound to be hotly contested. As a result, some mid-size retailers have sought bankruptcy protection while others have found credit only under the harshest terms.”.

Planning

PYMNTS

JANUARY 22, 2018

The world’s biggest retailer currently has 471 stores in Brazil , reporting revenues of almost 30 billion reais ($9.4 After failing to garner interest from other retailers, Walmart moved on to buyout firms to try to unload its Brazilian unit. The paper also wouldn’t reveal how it got the information. billion) in 2016.

Profit and Loss

PYMNTS

JUNE 4, 2020

The layoffs come one week after McLaren Automotive, a car maker in Surrey, a county in Southeast England, trimmed 1,200 jobs under a proposed restructuring program as it deals with the fallout from the pandemic. The job cuts represent more than 25 percent of the company’s workforce of more than 4,000, Reuters reported.

Sales

PYMNTS

OCTOBER 22, 2018

The official white flag comes after years of attempted restructuring of the once iconic brand. Mohsin Meghji, a managing director of the M-III Partners corporate advisory firm, was appointed chief restructuring officer, reported Reuters. The reported goal is to reorganize the retailer around a smaller footprint of 700 stores.

Profit and Loss

Musings on Markets

FEBRUARY 27, 2022

The last few years have been eventful for all companies, with the COVID crisis and ensuing economic shut down causing pain for companies, with recovery coming in 2021, as the global economy opened up again. I will use this data to draw three broad conclusions: Low Hurdle Rate ?

Hurdle Rate

PYMNTS

AUGUST 22, 2019

The bank went on to note that it had attempted to work with the FIs to move them back to solvency through the actions of their shareholders, but that all closed-down institutions had remained insufficiently capitalized after over a year of attempted restructuring. But when it came time to collect their funds, they found they were unable.

Banking

PYMNTS

MAY 17, 2018

In an era that has seen physical retail locations — particularly large box stores — suffer from consumers becoming increasingly enamored with the online experience, it was still a bit of a surprise to see shoe retailer DSW log something of a bumpy 2017. The shoe retailer even tried to sell eBuys, but there were no takers.

Retail

Musings on Markets

AUGUST 19, 2024

In decline, as legal and restructuring challenges mount, and a company can have multiple securities (convertibles, bonds, warrants) trading on it, hedge funds and activists become bigger players.

Corporate Finance

Global Finance

MAY 8, 2024

The move aligns UOB, which also won the Best Bank in Singapore, with ASEAN’s rise as an economic powerhouse, rapidly transformed via megatrends like supply chain diversification, digitalization and investments in net-zero transitions and a rising middle class. Its expansion into the region via the $5 billion Singapore dollars (about $3.7

Banking

Barry Ritholtz

MARCH 7, 2023

Maria Vassalou has a fascinating history and background, London School of Economics to Columbia School of Business, where she actually was a professor for over a decade, and started consulting to the hedge fund and financial services industry. VASSALOU: — which are effectively retail investors. RITHOLTZ: Right.

Marketing

PYMNTS

MAY 19, 2020

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail

PYMNTS

JANUARY 24, 2020

Retailers such as Gucci and Nike had released new advertising campaigns and merchandise in anticipation of a spending deluge. As reported by the Economist Intelligence Unit and relayed in the South China Morning Post , the Wuhan virus could hit China’s economic growth by 50 basis points to a full percentage point.

Economics

Barry Ritholtz

MARCH 27, 2023

RITHOLTZ: So you were very actively involved in the restructuring of the airlines post 9/11. So there really wasn’t a whole lot of restructuring and distressed assets afterwards, or was there? But, of course, Lehman was a huge restructuring and bankruptcy liquidation — RITHOLTZ: Sill going on today, right?

Investments

PYMNTS

APRIL 1, 2020

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. He added that worker furloughs have also already begun, “particularly in the hotel, retail, travel and restaurant industries.

Restructuring

PYMNTS

MARCH 31, 2020

It was necessary to end this public health disaster, which is now an economic disaster as well. The sun will come out, Edwards said, and there won’t be the same kind of blast crater left in the economy from the housing market collapse a decade ago — but that doesn’t mean the economic disaster at hand isn’t serious. Probably not.

Economics

Global Finance

MAY 6, 2025

The bank restructured its distribution model in 2024 to provide enhanced client service. QNBs comprehensive knowledge of the local market and full suite of retail and corporate banking products through traditional and digital channels have earned it the title of Best Bank in Iraq.

Banking

Musings on Markets

OCTOBER 18, 2024

The Law in Spirit and Letter In the latter part of the nineteenth century, as the United States was transitioning from an emerging market to a global economic power, its growth was powered by three industries - steel, railroads and oil - all requiring large investments in infrastructure.

Advertising

Barry Ritholtz

JULY 18, 2023

They just restructure their balance sheet, and if they’re smart, they restructure their operations as well to fix the issues that ultimately led them getting into bankruptcy. I was like talking through with him how the fund economics worked and what the upside was. RITHOLTZ: So you mentioned the era was the early 2000s.

Investments

PYMNTS

APRIL 27, 2020

There’s nowhere to hide from the crippling economic effects of the coronavirus. The Wall Street Journal reports that certain verticals, such as retail and energy, had already been on relatively shaky ground with onerous debt loads before COVID-19 came to the fore. Neiman Marcus may file. corporate debt stood at $64.1

Restructuring

PYMNTS

JUNE 5, 2020

Camps will be forced to lower the number of campers they can take in and restructure days to make sure kids are eating in shifts, temperatures are taken and sanitization interludes become as familiar as sing-alongs and s’mores. But Rosenberg said campers won’t wear masks full time, instead only donning them when appropriate.

Restructuring

Barry Ritholtz

SEPTEMBER 26, 2023

So you have almost a doubling of the interest coupon paid by some of these businesses against the backdrop of c ovid 19 inflation and some of the economic pressures that come with, with those factors. And L I B O R has gone from 25 basis points to now converted to S O F R at over 5%. It’s still in the double digits. Tell us about that.

Investments