PYMNTS

JULY 31, 2020

According to the The Dallas Morning News , the luxury retailer is closer to exiting bankruptcy and is on schedule to have an approved business plan this fall and to emerge from Chapter 11 before Christmas. Bankruptcy Judge David Jones is expected to sign off on the plan next week.

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Restructuring Retail Planning Investments 78

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 88

Retail Restructuring CFO eCommerce 88

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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. Several more openings are planned in the Northeast this year. The British are coming.

Retail 52

Retail Marketing Restructuring Sales 52

PYMNTS

JANUARY 24, 2020

Marijuana retail company MedMen is in the midst of a cash crunch in the industry, and it has been offering its vendors shares in the company in lieu of payment, according to a report Thursday (Jan. The industry investment dried up in about March of last year, according to Viridian Capital Advisors data. 23) by MarketWatch. .

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JUNE 5, 2020

The retailer, which employs 85,000 people, filed for Chapter 11 bankruptcy protection last month after the coronavirus forced it to shut its more than 800 stores, which followed years of weak sales. Sycamore is considering acquiring the entire company or making an investment in JCPenney, the news service reported.

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PYMNTS

JUNE 4, 2018

Italy’s UniCredit and French rival Société Générale are planning to merge, which could lead to other big banking mergers throughout Europe. SocGen, whose investment bank Mustier once ran, would help the Italian lender bolster its investment banking and eastern European operations. Mustier has been focused on SocGen for awhile.

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OCTOBER 10, 2018

However, the sources told WSJ that the retailer is looking into alternatives to avoid a restructuring in court. 9), Sears reportedly brought on a new director, Alan Carr, who is a restructuring expert. The news comes as Lampert was pitching a rescue plan in an effort to avoid bankruptcy. And, on Tuesday (Oct.

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Restructuring Retail Investments Planning 47

PYMNTS

JANUARY 18, 2017

In the new year, it seems very fashionable for retailers to re-think global growth. General Mills is investing in kale to sprout growth , Mattel tapped a Google executive for its new CEO and handbag companies like Fendi are leaning on a pompom add-on to spur sales.

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JUNE 1, 2020

With its store closing sales set to start after retail locations can safely open again, Pier 1 Imports, Inc. Bankruptcy Court for the Eastern District of Virginia for its “planned wind-down of operations.” At the time, the company specified that as many as 450 Pier 1 retail locations would be closed.

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Restructuring CFO Retail Sales 52

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

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

MARCH 12, 2020

But it has now become the latest in an array of New York retailers to file for bankruptcy, following luxury retailer Barneys New York and grocer Fairway Market. Modell plans to continue discussions from here on out about possibilities for recapitalization of sales through asset sales or an equity investment.

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Restructuring Retail Sales Finance 57

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.

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Restructuring Retail eCommerce Communication 64

PYMNTS

JANUARY 8, 2019

After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. But Lampert’s hedge fund, ESL Investments, reportedly wants to challenge the decision per unnamed sources with knowledge of the situation, CNBC reported.

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JANUARY 7, 2019

While Toys R Us has disappeared from the United States, it is going strong in Asia, which plans to open 60 new stores throughout the region this year. locations last June after failing to restructure its debt or find a buyer. It currently operates more than 550 stores in the region. This follows Toys R Us shuttering all of its U.S.

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Restructuring Budgeting Investments Retail 59

PYMNTS

MAY 21, 2020

For its part, Zomato recently landed $5 million in new investment. According to Reuters , Amazon had been planning for the rollout last year, but then had to iron out logistical issues to enter the highly competitive business. The biggest shift in consumers’ use of the internet has been in how they shop for retail goods.

Marketing 57

Marketing Restructuring Startups Retail 57

PYMNTS

MAY 5, 2016

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Such is the double-edged sword of a retail industry swept up in innovation. For every new path cut through the market, the retailers standing in the way are cut down. January — Wet Seal. As of Feb.

Retail 44

Retail Restructuring Planning Sales 44

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. You know it. We know it. But that evolution is not necessarily a death sentence for players in the space, be they relatively new or old.

Retail 40

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PYMNTS

FEBRUARY 11, 2019

Citing people familiar with the situation, CNBC reported that as part of the potential bankruptcy the shoe retailer is looking to offload its real estate to buyers. If there are no buyers to be had, the retailer may be forced to close most of the stores, or worse, all of the stores located in North America.

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Restructuring Retail Sales Investments 49

PYMNTS

JANUARY 8, 2018

As reported by Chain Store Age , van Raemdonck was with Ralph Lauren in the capacity of group president for EMEA (Europe, Middle East and Africa) and global travel retail, and had been in charge of both digital and wholesale initiatives. The company abandoned plans to list its shares publicly last year, having filed to do so in 2015.

Restructuring 43

Restructuring eCommerce Retail Planning 43

PYMNTS

FEBRUARY 4, 2019

Charlotte Russe, a retailer aimed toward young women’s fashion, has filed for Chapter 11 bankruptcy protection, according to reports. The retailer, which has more than 500 stores across the country, including 10 stores called Peek Kids, will close around 95 locations while it continues to search for a buyer. The bid for $5.2

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Restructuring Retail Finance Banking 43

PYMNTS

MARCH 9, 2018

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans. As has been widely reported, the U.S. Toys R Us managed to garner a $3.1

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Restructuring Leverage Investments Planning 42

PYMNTS

SEPTEMBER 27, 2017

billion in financing, a big vote of investor confidence for the toy and game retail brand which had recently declared bankruptcy. 18, 2017, with an overall goal of restructuring its operations and substantial outstanding debt, Chain Store Age reports. Toys“R”Us has just managed to secure $3.1

Finance 46

Finance Restructuring Leadership Retail 46

PYMNTS

SEPTEMBER 28, 2020

You cannot restructure when revenues go to zero,” he told Webster, adding that for a number of retailers and restaurants, “that’s probably the biggest liquidity crisis.”. There will be retailers and restaurants that will not come back, and even some small regional airlines will disappear.

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Accounts Payable Restructuring Entertainment Economics 116

PYMNTS

MARCH 22, 2018

Still, the plan has to overcome some challenges, such as getting the approval of a bankruptcy judge and funding from other investors who can dedicate significant amounts of money to the cause. The plan appears to be the first of its kind to save the embattled toy brand. The retailer has over 700 remaining locations in the U.S.,

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Restructuring Entertainment Leverage Retail 52

PYMNTS

JUNE 26, 2020

The long-awaited initial public offering (IPO) of Idaho-based grocery chain Albertsons went ahead on Friday (June 26) after often-fraught years of planning. That was well before pandemic-related mayhem disrupted, then fundamentally restructured, the grocery sector to favor well-heeled operators like Amazon and Walmart.

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Restructuring Sales Planning Numbers 89

PYMNTS

OCTOBER 14, 2016

When Logan’s Roadhouse, the Nashville, Tennessee-based steakhouse chain, filed for bankruptcy in August it announced that it planned to close 34 of its 256 restaurant locations nationwide as part of a restructuring plan. The suit, filed by Bloso Investments Ltd. Takata said in a statement on Tuesday (Oct.

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Restructuring Retail Planning Investments 57

PYMNTS

JANUARY 9, 2018

The holiday season was a good one for retail in general, though. Other large retailers experienced similar positive sales growth this holiday season, including Costco Wholesale Corp., In 2018, Target plans to unveil new additions to its remodeling efforts and open the doors to 30 small-format stores. per share.

Sales 43

Sales Restructuring Retail Startups 43

PYMNTS

MARCH 17, 2020

The company’s CEO, Alex Baldock, said that the about 300 large locations are “doing well, with footfall steady, and that is why we are placing a big bet on these stores and investing millions of pounds in them.”. million) this year alone, and the store closing plan is meant to return it to profitability.

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MAY 23, 2016

The head of Barclays’ corporate banking has announced plans for his resignation. Reports on Thursday (May 19) said John Winter announced his retirement and plans to exit his post at the end of the month. The news comes as Barclays Chief Executive Officer Jes Staley continues his overhaul of the FI.

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Banking Restructuring B2B Investments 40

PYMNTS

JULY 29, 2020

Fitness equipment maker Tempo , whose home workout systems retail for nearly $2,000, has seen its valuation hit $250 million amid a massive surge in interest as the pandemic shut down brick-and-mortar gyms. In many cases, the startups have seen the pandemic not as a crisis, but as a period of major growth and investment.

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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.

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AUGUST 7, 2018

Coverage includes Even Financial raising additional funding , Mattress Firm considering bankruptcy , the New York City Council planning to limit ridesharing licenses, Visa buying a stake in Israeli-startup Behalf and Microsoft Pay supporting MasterPass. Welcome to the Five at Five, your late look at the payments and commerce news of the day.

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Restructuring Startups Finance Retail 40

PYMNTS

MARCH 29, 2018

Deutsche is looking to control costs and streamline its business, reports noted, though the financial institution noted it will continue to serve its customers in Portugal via its Corporate & Investment Banking unit. The publication noted investor confidence is waning, exacerbated by financial losses for 2017 reported by the bank.

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MARCH 15, 2016

It’s no secret that brick-and-mortar fashion retailers have been feeling the pinch from both online marketplaces and in-store fast-fashion brands alike. ” The layoffs are just the most recent in a long-term restructuring plan, Darrow explained. And, as if that weren’t enough, Nordstrom’s shares dropped 1.4

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Restructuring Retail eCommerce Technology 40

PYMNTS

OCTOBER 22, 2018

The official white flag comes after years of attempted restructuring of the once iconic brand. Sears did attempt to invest and push its online business, but had fallen out of favor with consumers who didn’t much take to its digital offerings. The reported goal is to reorganize the retailer around a smaller footprint of 700 stores.

Profit and Loss 53

Profit and Loss Restructuring Retail Compliance 53

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JULY 30, 2019

Indeed, his comments provided extra support for the recent announcement that the chain announced “plans to make Starbucks® Delivers available throughout the U.S. Chipotle , too, is enjoying the benefits of investing in digital and delivery, at least according to its own Q2 2019 results. The chain’s digital sales grew 99.1

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Restructuring Sales Startups Retail 59