Remove Numbers Remove Planning Remove Restructuring Remove Retail
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Ascena Files For Chapter 11 Bankruptcy, Plans Store Closures

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Ascena Retail Group, Inc. The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term lenders, according to a Thursday (July 23) statement.

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BCBG Closes Stores, Faces Restructuring

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BCBG announced plans to close stores and restructure the company due to mounting pressure from its debt burden and more consumers opting to shop online. But the retailer now has “too large a physical retail footprint,” Lubove explained. “In told Bloomberg in an emailed statement. told Bloomberg in an emailed statement.

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The Impact Of The Coronavirus On Retail Earnings, Reopenings

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And in retail, Nordstrom and Lord & Taylor are dampening the industry’s reopening plans. 60 cents: Earnings per share Disney reported for Q2 after adjusting for restructuring charges and other effects. 16: Number of full-line stores that Nordstrom will close. All this, Today in Data.

Retail 52
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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

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As of last year, Deutsche has been undergoing a restructuring effort that encompasses a decrease of its balance sheet, 18,000 employment reductions by 2022 and less investment banking activity. Deutsche’s move to decrease its number of locations comes after news that Commerzbank would not open 200 offices again that were closed amid COVID-19.

Banking 84
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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

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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
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Chapter 11 Filings Are Up 43 Pct YOY

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We may be on borrowed time for job cuts in a number of industries…that were not necessarily distressed when we entered the pandemic,” she said, according to WSJ. Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. The company said it planned to keep soldiering on.

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Under Armour Cautiously Plans Future Amid Slumping Sales

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The earnings numbers are in for Under Armour, and it’s not exactly what the sports apparel retailer was hoping for. Following this restructuring plan, Under Armour is also reworking its sales forecast outlook for the remainder of 2017.

Sales 40