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MAY 7, 2020

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. The pandemic also hit other parts of the firm’s media empire, including its movie segment. All this, Today in Data.

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Retail Restructuring Numbers Planning 52

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FEBRUARY 14, 2020

MyTheresa , the online luxury fashion retailer, plans to list on the New York Stock Exchange to take advantage of robust equity markets. The website’s contemporaries, including Zalando, Global Fashion and Asos, are based in Europe, but MyTheresa wants to list in New York, like fellow fashion retailers Farfetch and The RealReal.

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MARCH 1, 2019

looks to improve the channel mix of its eponymous brand and shutter specialty stores, the retailer beat analysts’ earnings estimates but fell short on top-line revenues for the fourth quarter of 2018. The retailer reported revenues of $4.62 He added that Old Navy is one of the quickest-growing apparel retailers in the U.S.,

Retail 46

Retail Planning Restructuring Forecasting 46

CFO News Room

JANUARY 5, 2023

Signage outside a Bed Bath & Beyond retail store in New York, Aug. Bed Bath & Beyond — The home goods retailer plummeted 24% after reporting it’s running out of cash and is considering bankruptcy , citing weaker-than-expected sales. Gabby Jones | Bloomberg | Getty Images. The bank said it $3.8

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Restructuring Healthcare Sales Technology 130

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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. PNC Bank plans to reduce the count of its branch offices through next year, Fox Business reported. In the U.S.,

Banking 84

Banking Planning Restructuring Forecasting 84

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MARCH 6, 2019

The jeans maker and retailer is looking to have court approval for its reorganization plan by mid-April, The Wall Street Journal reported. The retailer had been profitable for many years, but the company’s balance sheet was impacted by the recession in 2008. filed for bankruptcy.

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Planning Restructuring Retail 47

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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.

Restructuring 78

Restructuring Retail Planning Investments 78

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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

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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

DECEMBER 4, 2017

retail branch of U.S. toy and game company Toys R Us is seeking creditor approval of a plan to restructure its operations in the coming year. billion infusion from a group of lenders led by JPMorgan Chase that allowed it to announce new steps in its post-bankruptcy restructuring. Toys R Us U.K. Toys R Us U.S.

Planning 40

Planning Restructuring Retail Finance 40

CFO News Room

JANUARY 4, 2023

Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. In 2021, GE revealed plans to break up into three companies so it can focus on its aviation business.

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Restructuring Healthcare Valuation Compliance 130

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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

NOVEMBER 4, 2020

London-based Lloyd’s plans to cut roughly 730 additional jobs as part of its ongoing restructuring plan, which had been put on hold earlier this year due to the COVID-19 pandemic. The job cuts will be largely in its technology and retail operations.

Banking 64

Banking Restructuring Profit and Loss Planning 64

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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.

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Sales Restructuring Planning Forecasting 40

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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. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.

Restructuring 88

Restructuring Communication Retail Economics 88

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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. 23) by MarketWatch. . These are brands that heavily rely upon MedMen for their business.” .

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Restructuring Accounts Payable Retail Investments 54

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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

NOVEMBER 19, 2019

Chinese payments company Ant Financial has plans for the future — but going public isn’t one of them. “We But in September it was revealed that Chinese regulators had given parent company Alibaba permission to restructure Ant Financial, which would open a path for an initial public offering (IPO).

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Planning Restructuring Banking Retail 43

PYMNTS

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. In mid-May, the struggling retailer disclosed that it paid $17 million in interest charges on a secured loan to avoid a default.

Restructuring 54

Restructuring Retail Sales Planning 54

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JUNE 5, 2020

JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as well as performance. The retailer said closing sales will commence at 154 stores following a court order entered at a U.S.

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Sales Restructuring Retail Securities 52

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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. The trade publication said that U.S.

Restructuring 76

Restructuring eCommerce Retail Sales 76

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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.

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Restructuring Retail Economics Sales 79

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

SEPTEMBER 13, 2017

When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. Consolidation is coming to Walmart starting today, when six retail business units will be contracted down to four, according to a recent news release. Well, they do if they’re Walmart anyway.

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Restructuring Leadership Communication Retail 55

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 23, 2017

In the 1990’s, everyone talked about the Walmart effect on retail — the idea that the big box store was making every other kind of retail method obsolete. If I were a mid-sized retailer that was one more of the pack without an outstanding feature, I would be a little bit worried. They can’t make any big changes for a while.

Retail 64

Retail Restructuring Planning 64

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JANUARY 18, 2017

In the new year, it seems very fashionable for retailers to re-think global growth. Revlon has joined the list of companies announcing plans for driving global growth. More research from the Harris Poll recently identified how and where (locations and retail sites) cosmetics buyers are purchasing cosmetics.

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Planning Restructuring Communication Leverage 40

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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. And for SocGen, there is the opportunity to take a leading position in Italy and Germany in retail and corporate banking. Mustier has been focused on SocGen for awhile.

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Planning Banking Restructuring Investments 40

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.

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Restructuring Retail Sales Numbers 58

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

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.

Restructuring 47

Restructuring Retail Investments Planning 47

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

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

PYMNTS

DECEMBER 10, 2020

Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. 8) he would give the go-ahead to the sale of most of the retail group’s leftover property to Sycamore Partners. In July, Ascena Retail Group, Inc.

Restructuring 63

Restructuring Retail Securities Sales 63

PYMNTS

MAY 7, 2020

Neiman Marcus has filed for bankruptcy as the “great resettling” continues for retail. A statement from CEO Geoffroy van Raemdonck said that the filing will not affect store reopening plans, and that the company expects to be in a stronger position when it does. “We

Restructuring 52

Restructuring Retail Finance Planning 52

PYMNTS

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.

Restructuring 52

Restructuring CFO Retail Sales 52