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.

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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.

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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. The debt load for rue21 includes a $538.5

Retail 55

Retail Marketing Profit and Loss Restructuring 55

PYMNTS

JANUARY 18, 2019

plans to close following its second bankruptcy. The retailer, which has just under 950 locations, filed for protection from creditors in the U.S. million) and a senior secured asset-based revolving credit facility ($79.1 million) in addition to a senior secured term loan (roughly $89 million).

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Restructuring Retail Securities Planning 64

PYMNTS

MAY 15, 2020

Part of that plan will allow the beleaguered retailer to borrow an additional $450 million to keep the company running during the reorganization. Part of that plan will allow the beleaguered retailer to borrow an additional $450 million to keep the company running during the reorganization.

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Restructuring Retail Planning Securities 53

PYMNTS

JUNE 7, 2019

Review our coverage, including stories about Stripe’s chargeback protection plan, the latest on open banking progress, a big investigation into crypto and the latest on the emerging ecosystem of predictive retail. MoneyGram Works to Restructure Debt; Could Seek Buyer. The eCase for Liberating $190B in Rental Security Deposits.

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Restructuring Retail Banking Securities 68

PYMNTS

JULY 6, 2017

While the retail industry is undergoing a digital revolution, many merchants are feeling financial pressure. One of the latest retailers to file for Chapter 11 bankruptcy protection is high-end denim company True Religion Apparel. The premium denim retailer recently announced plans to file in the District of Delaware U.S.

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Restructuring Retail Finance Securities 40

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

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

OCTOBER 7, 2020

Under the reorganization, the company said it plans to close 185 locations, which leaves the franchise with 236 operating restaurants. The company said it expects to stay afloat, and that it has “reached an understanding with its secured lenders to support its restructuring.”.

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Restructuring Planning Securities Retail 65

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 21, 2018

The embattled toy retailer, for example, is seeking approval to stop over $450 million in payments to suppliers, Reuters reported. Toys R Us also bought goods on unsecured trade credit, so some of its trade vendors want the retailer to send back unpaid inventory. after failing to restructure its debt or find a buyer, Reuters reported.

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Restructuring Retail Leverage eCommerce 47

PYMNTS

APRIL 7, 2017

High-end retailer Bebe is expecting some major changes as it looks to restructure its business. The closure of roughly 12 percent of Bebe’s outlets is only fueling rumors that the retailer will eventually shut down all of its physical locations for a pure play eCommerce focus.

Restructuring 43

Restructuring Retail eCommerce Securities 43

PYMNTS

JANUARY 26, 2017

As a wave of bankruptcies continues to roll through retail, the malls that house those now-defunct stores are finding the going increasingly rough. 2016, 314 loans secured by retail property were liquidated, an 11 percent increase from the same time a year earlier, according to data from Morningstar Credit Ratings. “We’re

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Restructuring Retail Securities Sales 40

PYMNTS

MAY 4, 2016

Retail’s latest piece of roadkill today is Fairway Supermarkets, an institution for our readers living in New York City, and probably something the rest of our readers have never heard of. The involved lenders have agreed to vote in favor of the plan and make the exchange. As Queen so famously sang, another one bites the dust.

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Restructuring Retail Planning Securities 40

PYMNTS

SEPTEMBER 27, 2017

Toys“R”Us has just managed to secure $3.1 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.

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Finance Restructuring Leadership Retail 46

PYMNTS

FEBRUARY 16, 2018

Sears offered another rather depressing earnings report but says recent restructuring of the U.S. The news comes as Sears is commencing private exchange offers for its outstanding unsecured notes due in 2019 and its secured notes due in 2018, according to a filing with the Securities and Exchange Commission (SEC).

Sales 40

Sales Restructuring Securities Retail 40

PYMNTS

NOVEMBER 7, 2019

PSPs face complexities when building secure, satisfactory payment experiences for European customers, as countries’ approaches to implementing SCA requirements differ. The authentication challenges that SCA presents to merchants and their payment partners mean that many must significantly restructure the ways they treat online payments.

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Restructuring Compliance Communication Retail 49

PYMNTS

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

SEPTEMBER 30, 2016

According to Forbes , Cosi hopes to restructure its debt and explore a possible sale after poorly planned overexpansion and menu revamps left the company in debt. Will Sears be the next major retailer to file for bankruptcy? ” Those retailers who made Fitch’s list are: Sears Holdings Corp., Claire’s Stores, Inc.,

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Restructuring Retail Leverage Finance 46

PYMNTS

JULY 19, 2018

At base, we’ve discovered four main factors that make for successful subscriptions : time, passwords, plan options and free cancellation. Passwords literally just refers to whether or not the service secures itself with them. per month basic plan and a $14.99 per month unlimited premium plan.

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Restructuring Planning Communication Securities 40

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. So I had a lot of job security. So we were, you know, we were trying to get that restructuring done in the depths of COVID.

Investments 52

Investments Profit and Loss Restructuring Accounting 52

Barry Ritholtz

MARCH 27, 2023

Was that where you plan to go? I invest less because I’m interested in what widgets a company does, and more in the capital structure and how to position yourself, what the other guy is going to do at the bond level or senior secured level, and how to position yourself to make money. So those companies restructured or liquidated.

Investments 109

Investments Restructuring Profit and Loss Finance 109

CFO News Room

FEBRUARY 5, 2023

Among Indian institutions, LIC is the largest holder with just over 4% of the shares, but the retail investor presence in this company is small, largely because of the low float, though the surge in the company’s price in the last two years has drawn some traders to it.

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Musings on Markets

FEBRUARY 4, 2023

Download data Again, the steep drop off in invested capital that you see in 2015 is just a reflection of the restructuring of the company that year, as the invested capital in Adani Ports and Power was removed from the mix.

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Investments Valuation Auditing Restructuring 100

PYMNTS

DECEMBER 14, 2018

This follows a recent memo revealing that the House Financial Services Committee plans to look into the bank’s U.S. The business models of both banks are complementary and it would be good for scale,” said Markus Kienle, deputy CEO of SdK, a German association that represents retail shareholders. But both banks are in trouble.

Compliance 54

Compliance Restructuring Banking Finance 54

Barry Ritholtz

OCTOBER 3, 2023

It had gone from a fairly, fairly heavy retail business to a very institutional business. At the time, the Mexican, after the Mexican restructuring, they had, they had Mexican bonds with an oil option embedded in them. So then we decided, look, look, maybe we should put all of these businesses together and create a securities division.

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Marketing Treasury Banking Profit and Loss 107

CFO News Room

JANUARY 19, 2023

Mitt Romney, R-Utah, in the last Congress to create a “rescue committee” for every endangered government trust fund, like the Social Security, Medicare and highway trust funds…. The plans haven’t changed, people familiar with the discussions say. Biden reelection plans on track despite documents controversy” [ The Hill ].

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Manufacturing Advertising Economics Planning 130