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. But how does it look by the numbers? The typical American household spends $65,960 per year, the largest share of which goes toward retail spending — 30.8

Numbers 77

Numbers eCommerce Healthcare Sales 77

PYMNTS

NOVEMBER 4, 2020

In addition, Lloyds is reducing its headcount by another 730 positions as part of a significant restructuring effort. Workers in the group transformation and retail banking workforces will be primarily impacted by the reductions, which will reportedly bring about no additional bank closings.

Retail 53

Retail Restructuring Banking Numbers 53

PYMNTS

JULY 22, 2019

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost.

Retail 43

Retail Restructuring Entertainment Numbers 43

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

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

JULY 23, 2020

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.

Planning 56

Planning Restructuring Forecasting Retail 56

PYMNTS

MAY 31, 2017

Under the watch of the former head of the retail business, Carrie Tolstedt, employees created as many as 2.1 The San Francisco-based bank has since replaced Tolstedt with Mary Mack as head of the retail business and is now reassigning four executives to report directly to Mack. sub-regions from eight to five.

Restructuring 40

Restructuring Leadership Banking Retail 40

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 31, 2020

Authentic Brands Group ( ABG ), the New York-based brand management company, could be the latest potential buyer of Ascena Retail Group , the recently bankrupt parent firm of Ann Taylor, Footwear News reported. Under a restructuring, the conglomerate would close its Canada, Puerto Rico and Mexico stores and its Catherines shops.

Restructuring 58

Restructuring Retail Sales Numbers 58

PYMNTS

APRIL 10, 2017

Changing eCommerce and technological shifts in the retail space are now impacting payrolls. government, the number of jobs lost in general merchandise stores hit a new low at 34,700 in March, The New York Times reported. However, with all of the change taking place, retailers “are not sure what the endgame is.”.

eCommerce 40

eCommerce Retail Restructuring Economics 40

PYMNTS

JULY 2, 2020

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. Penney, once a heavy hitter in the U.S.

Restructuring 88

Restructuring Communication Retail Economics 88

PYMNTS

JANUARY 5, 2021

In Epiq's report on 2020 bankruptcy statistics, the firm found that 2020 had the lowest numbers since 1989, with 529,068 over all chapters, according to a press release. Those numbers are a measuring stick for the economy, and Chris Kruse, senior vice president of Epiq AACER. “We

Restructuring 63

Restructuring Numbers eCommerce Retail 63

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 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

MAY 5, 2016

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Yes, that seems an appropriately fine number to panic over. Such is the double-edged sword of a retail industry swept up in innovation. January — Wet Seal. February — Hancock Fabrics. As of Feb. As of Feb.

Retail 44

Retail Restructuring Planning Sales 44

PYMNTS

FEBRUARY 3, 2020

The retailer will ask for court approval of the arrangement that will place the companies as the stalking horse or lead bidders at an auction, The Wall Street Journal reported. The retailer said it would shutter a large number of brick-and-mortar stores around the globe per news at the time. came to a deal on Sunday (Feb.

Restructuring 57

Restructuring Retail Planning Numbers 57

PYMNTS

AUGUST 6, 2019

Barneys, which has 13 department stores and nine warehouse stores, will have to immediately shut down most of its locations and look for a buyer for seven core stores, according to the restructuring plan. That agreement, however, has not been sufficient to stem the losses, and it looks as though the retailer is running out of options.

Restructuring 49

Restructuring Construction Finance Retail 49

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. “The Candidly, the state of readiness is poor.”

Sales 66

Sales Restructuring eCommerce Economics 66

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

APRIL 24, 2020

For non-essential retail, once again rent is due and revenue is marginal. At least, however, landlords seem to be making accommodations for retail. It showed that as of April 20, it collected 69 percent of total April rent charges, broken down by 73 percent for office tenants and 46 percent for retail tenants. Keltner, Jr.,

Restructuring 53

Restructuring Retail Advertising Numbers 53

Barry Ritholtz

JULY 19, 2023

New York Times ) see also Powell Will Find Much to Love in Retail Sales Letdown : The latest report landed with a mixed reception. The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring. It roared back — and now its fate is in his hands. (

Profit and Loss 52

Profit and Loss Advertising Restructuring Investments 52

PYMNTS

SEPTEMBER 28, 2020

The muted outlook for the future comes against a backdrop, where businesses — large and small, across any number of verticals — are navigating unprecedented impact on cash flow. There will be retailers and restaurants that will not come back, and even some small regional airlines will disappear. Where We Go From Here.

Accounts Payable 116

Accounts Payable Restructuring Entertainment Economics 116

PYMNTS

SEPTEMBER 22, 2020

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

Banking Planning Restructuring Forecasting 84

PYMNTS

SEPTEMBER 20, 2017

Domestic merchandise retailer Bed Bath & Beyond’s stock took a 12-point hit after Wall Street got a look at its latest earnings report and did not much like what it saw. Same-store sales — the Street’s favorite metric for physical retail — were down 2.6 Retail sales clocked in at approximately $2.9

Restructuring 40

Restructuring Accounting Standards Sales Retail 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

MARCH 2, 2017

Retailer BCBG Max Azria filed for bankruptcy and is making a major shift towards eCommerce, with a series of store closures that started earlier this year. 1) in federal court in Manhattan, Internet Retailer reported. 1) in federal court in Manhattan, Internet Retailer reported.

eCommerce 40

eCommerce Restructuring Retail Planning 40

PYMNTS

SEPTEMBER 14, 2018

“[Malls] with strong locations were able to nab high-productivity tenants like Whole Foods, Wegmans and Nordstrom,” according to JLL’s Q2 Retail Outlook report. Those with only an average location had a harder time finding a replacement tenant, and when they did, it was usually a lower-performing, non-retail tenant.”.

Restructuring 53

Restructuring Retail eCommerce Numbers 53

PYMNTS

AUGUST 2, 2017

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

Sales Restructuring Planning Forecasting 40

PYMNTS

JANUARY 24, 2020

Retailers such as Gucci and Nike had released new advertising campaigns and merchandise in anticipation of a spending deluge. McDonald’s has halted operations in a number of cities amid the outbreak. The Lunar New Year this weekend will, of course, be a muted event, where consumers had been predicted to spend more than $150 billion.

Economics 52

Economics Transportation Restructuring Currencies 52

PYMNTS

NOVEMBER 25, 2020

for example, has seen two rounds of layoffs coupled with a "wholesale restructuring" that booted workers who had been with the company for decades. Sony Pictures and Lionsgate have also laid off mass numbers of employees, the report says. Hollywood has seen mass layoffs at all levels of its hierarchy, Variety reports. Warner Bros. ,

Restructuring 56

Restructuring Entertainment Numbers Retail 56

PYMNTS

DECEMBER 19, 2017

Embattled toy and game retailer Toys R Us may close 100 U.S. Store sales for the Wayne, New Jersey-based firm have declined 15 percent this holiday shopping season compared to last, and the number of brick-and-mortar toy stores shuttering after the holidays could reach as high as 200. Toys R Us received a $3.1

Sales 43

Sales Restructuring Retail eCommerce 43

PYMNTS

JUNE 26, 2019

The self-driving startup had recently filed a notice in California about plans to close the business and lay off its workers, which numbered around 90. Apple called the cuts restructuring at the time. It had also teamed up with the city of Arlington in Texas for a self-driving shuttle service.

Startups 40

Startups Restructuring Valuation Retail 40

PYMNTS

OCTOBER 14, 2020

Usually hosted in early July, Prime Day was conceived to give consumers a reason to go shopping during the dog days of summer when retail sales generally hit their lowest point of the year. Longtime PYMNTS readers know the story of the Amazon effect across a lot of verticals — retail, grocery , payments. The Prime Day Push .

Forecasting 72

Forecasting Restructuring Sales eCommerce 72

PYMNTS

JUNE 26, 2020

That was well before pandemic-related mayhem disrupted, then fundamentally restructured, the grocery sector to favor well-heeled operators like Amazon and Walmart. This is despite the grocer recently announcing that it is deploying artificial intelligence (AI)-based shopping assistants in a number of locations.

Restructuring 89

Restructuring Sales Planning Numbers 89

PYMNTS

APRIL 27, 2020

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. Marquee names in retail are in talks for bankruptcy financing, such as JCPenney, to the tune of $1 billion. Neiman Marcus may file.

Restructuring 60

Restructuring Forecasting Economics Retail 60

PYMNTS

MAY 5, 2020

After adjusting for restructuring charges and other effects, Disney reported earnings of 60 cents a share, down from $1.61 a share a year ago.

Profit and Loss 65

Profit and Loss Restructuring Entertainment Economics 65

PYMNTS

APRIL 24, 2017

Bebe Stores, the embattled clothing retailer, is gearing up to shutter all of its stores by the end of May. In addition to closing its stores , the retailer said it was liquidating all merchandise and fixtures within the stores. Industry experts told Reuters more retailers are likely to file for bankruptcy in 2017.

Restructuring 40

Restructuring Retail Securities Sales 40