PYMNTS

OCTOBER 29, 2019

A trial has begun against the financial institution Royal Bank of Scotland (RBS) brought by a small business owner and former RBS client suing the bank for damages related to RBS’s disgraced Global Restructuring Group (GRG). Bloomberg reported Tuesday (Oct. The allegations include claims that the U.K.

Restructuring 40

Restructuring Treasury Banking Sales 40

CFO Share

APRIL 12, 2024

Here’s one piece of universal small business advice to all business owners: invest equal time in financial risk management as growth planning. Or your key sales person? Early detection is also critical for sales risk management. Weekly KPI reporting is an excellent way to detect sales risks early.

Risk Management 104

Risk Management CFO Restructuring Sales 104

CFO News Room

JANUARY 5, 2023

The company also sold off more the $5 billion of debt securities to cover the withdrawals, resulting in a loss on those sales of $718 million. 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.

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Restructuring Healthcare Sales Technology 130

PYMNTS

FEBRUARY 24, 2020

Dine Brands also owns IHOP, and it said that it wasn’t going to close more than 15 Applebee’s restaurants after it recently closed 200 under a restructuring plan. By waiting, Joyce said, it is now seeing delivery sales that are almost as profitable as its takeout orders. . There is no question we are in a share competition.

Planning 52

Planning Restructuring Sales 52

Accountancy Today

JANUARY 17, 2023

Commenting on the figures, Colin Haig, partner and head of Restructuring at Azets, said: “It’s inevitable that failure statistics will uptick regularly in UK but that’s not the whole story. The more constructive options of air cover via a moratorium or a restructuring plan are viable for businesses that consult early.

Restructuring 96

Restructuring Construction Numbers Economics 96

PYMNTS

JANUARY 29, 2020

29) as part of what it termed a “corporate restructuring.” The layoffs will hit about 90 people, and will consist of jobs in the marketing and enterprise sales departments. WeWork is another tech startup that has been floundering , having cut 2,400 jobs recently amid a walk-back on its plans to go public.

Sales 52

Sales Marketing Restructuring Startups 52

CFO Share

APRIL 25, 2024

Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. Instead of saying “we’re running out of cash, we need more sales,” a good turnaround CFO would say “we’re running out of cash, but I think we could afford to drop prices 20% to boost sales.

CFO 52

CFO Forecasting Restructuring Prioritization 52

CFO Share

APRIL 25, 2024

Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. Instead of saying “we’re running out of cash, we need more sales,” a good turnaround CFO would say “we’re running out of cash, but I think we could afford to drop prices 20% to boost sales.

CFO 52

CFO Forecasting Restructuring Prioritization 52

CFO Share

APRIL 25, 2024

Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. Instead of saying “we’re running out of cash, we need more sales,” a good turnaround CFO would say “we’re running out of cash, but I think we could afford to drop prices 20% to boost sales.

CFO 52

CFO Forecasting Restructuring Prioritization 52

PYMNTS

JANUARY 25, 2018

Citing people with knowledge of the negotiations, Bloomberg reported news that the deal aims to restructure the company’s nearly $1.5 The plan is dependent on its asset sales, the proceeds of which will be used to pay off creditors. billion debt.

Sales 50

Sales Restructuring Leverage Retail 50

PYMNTS

JANUARY 9, 2018

Target is reporting strong in-store and online holiday sales, according to The Wall Street Journal. Same-store sales for locations that had been in operation for at least a year saw a 3.4 Other large retailers experienced similar positive sales growth this holiday season, including Costco Wholesale Corp., per share.

Sales 43

Sales Restructuring Retail Startups 43

PYMNTS

DECEMBER 19, 2017

storefronts following weaker-than-expected holiday sales , Bloomberg reported Monday (Dec. 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.

Sales 43

Sales Restructuring Retail eCommerce 43

PYMNTS

FEBRUARY 16, 2018

Sears offered another rather depressing earnings report but says recent restructuring of the U.S. The store confirmed that same-store sales were down a whopping 15.6 Sears’ namesake brick-and-mortar brand led the declines, with same-store sales down 18.1 Kmart did a bit “better,” with sales down 12.2 15) trading.

Sales 40

Sales Restructuring Securities Retail 40

The Finance Weekly

JANUARY 12, 2023

He reported that 96 percent of the company's annual contract value (ACV) was being delivered by just 50 percent of sales account executives. "We HP- Hewlett-Packard announced that it plans to cut between 4,000 to 6,000 roles over the next three years in response to poor PC sales that have declined since the sharp rise during the pandemic.

Economics 105

Economics Restructuring Manufacturing Startups 105

PYMNTS

FEBRUARY 21, 2020

The company wants to keep restructuring efforts out of court but could end up filing for bankruptcy with a prenegotiated plan in place. Same-store sales fell by 2 percent during the pizza chain’s fourth quarter. Earlier this year , the company announced plans to purchase Habit Restaurants, the casual fast-food chain.

Restructuring 120

Restructuring Planning Sales Investments 120

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. The judge expressed concern that the 118-year old chain needed to restructure quickly to survive, Bloomberg reported.

Restructuring 54

Restructuring Retail Sales Planning 54

PYMNTS

JULY 31, 2020

It has suffered from weak sales and has also been hurt by debt. Under the plan, ABG would complete the deal with buying partners Simon Property Group and Brookfield Property Partners, the report said. 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 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. Despite scale and geographical coverage, its sales growth has lagged. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

Restructuring 89

Restructuring Sales Planning Numbers 89

PYMNTS

OCTOBER 28, 2020

The effort is part of the retailer's restructuring plan. Sales had plummeted 50 percent in the early part of the year, falling from $2.57 However, online sales were up 82 percent in the midst of the U.S. billion to $1.31 lockdown in the spring.

Restructuring 79

Restructuring Retail Economics Sales 79

Spreadym

SEPTEMBER 12, 2023

Budget preparation is the process of creating a detailed financial plan that outlines an organization's expected income and expenses for a specific period, typically for a fiscal year. Consider Contingencies: Plan for unexpected expenses or emergencies by including a contingency fund in your budget.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

PYMNTS

DECEMBER 3, 2020

In July , Walmart cut its workforce by laying off hundreds in its logistics, real estate and retail location-planning divisions. “We 2), adding it was part of a restructuring. Nonetheless, sales at Walmart during the pandemic have been going gangbusters. The trade publication said that U.S.

Restructuring 76

Restructuring eCommerce Retail Sales 76

PYMNTS

FEBRUARY 7, 2020

The latest signs come from Macy’s , which in recent days announced a restructuring that will see the mall stalwart close 125 department stores and slash 2,000 jobs. Part of the revamp ties into a renewed focus on digital sales and on the company’s website. As reported in The New York Times , a pending restructuring could bring in $2.5

Retail 57

Retail Restructuring eCommerce Sales 57

CFO News Room

NOVEMBER 8, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

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Restructuring Planning Accounting Marketing 130

PYMNTS

OCTOBER 12, 2020

Disney is restructuring part of its business to focus on video streaming, which is becoming increasingly popular, CNBC reported. 12) that it will be working to prioritize its streaming by centralizing its media and entertainment operations into one organization responsible for all content distribution, ad sales and Disney+, CNBC reported.

Entertainment 81

Entertainment Restructuring Prioritization Sales 81

PYMNTS

JANUARY 18, 2017

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. Revlon has joined the list of companies announcing plans for driving global growth.

Planning 40

Planning Restructuring Communication Leverage 40

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.” The court has established July 1 as the asset bid deadline, July 8 as the auction date and July 15 as the sale hearing date.

Restructuring 52

Restructuring CFO Retail Sales 52

CFO Share

MARCH 10, 2023

What will happen to SVB in receivership Receivership is an orderly restructuring or liquidation of a company – in the case of SVB, the FDIC. Update your operating forecast to reflect cash frozen at SVB Pause all cash outflows if needed Make a restructuring plan but do not execute it yet.

Restructuring 40

Restructuring Forecasting Communication Banking 40

PYMNTS

JANUARY 6, 2020

It also plans to shutter some of its distribution centers, and reduce corporate expenses, which will include slashing its corporate headcount. The decision comes after declining sales and more losses over time. CEO Robert Riesbeck said the fiscal sales and margins remained “under pressure” in Q3. Net sales also fell to $358.4

Restructuring 52

Restructuring Sales Retail Planning 52

PYMNTS

SEPTEMBER 1, 2020

Cornerstone Brands plans to acquire payments processor FXPress in a deal that also includes a sale of the existing Cornerstone business and restructuring of capital, according to a press release emailed to PYMNTS. Existing Cornerstone shareholders will receive funds if another sale occurs within the next few years.

Restructuring 56

Restructuring B2B Sales Accounting 56

PYMNTS

MARCH 12, 2020

Modell plans to continue discussions from here on out about possibilities for recapitalization of sales through asset sales or an equity investment. Modell’s has had a rough go of things since 2019, when the company hired restructuring officers to help it compete with rivals at larger retailers like Walmart and Amazon.

Restructuring 57

Restructuring Retail Sales Finance 57

VCFO

JANUARY 27, 2022

Time tested business plans will simply not work without adjustments as inflation takes hold. It is critical to focus on inflation now and make necessary changes to your operating plan to combat it. If you allow your accounts receivable collection cycle to extend too far out, you are essentially losing money on every sale due to timing.

Benchmarking 81

Benchmarking Restructuring Leadership Planning 81

VCFO

JULY 12, 2022

Build, Update, and Monitor a Solid Cash Plan. Developing a regularly updated, accurate cash flow plan is arguably the first thing to have in hand. These KPIs could include elements such as profitability, efficiency, inventory turnover, AR turnover, sales per employee, and more. Sudden discussions surrounding “what do we do?”

Benchmarking 81

Benchmarking Restructuring Economics Technology 81

PYMNTS

DECEMBER 10, 2020

8) he would give the go-ahead to the sale of most of the retail group’s leftover property to Sycamore Partners. The merchant and “certain of its subsidiaries” had arrived at a restructuring support agreement (RSA) with over 68 percent of secured term lenders. Ascena ran 1,500 stores across the United States toward the end of August.

Restructuring 63

Restructuring Retail Securities Sales 63

PYMNTS

MARCH 1, 2019

For its namesake Gap brand, Peck said the company has taken “thoughtful and decisive action to radically restructure our fleet” to address underperforming stores or those that don’t represent the best of the brand. And Peck said the company made meaningful technology investments for future growth and efficiency. NewCo and Old Navy.

Retail 46

Retail Planning Restructuring Forecasting 46

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. Barneys , with roughly $850 million in annual sales, also extended the term of its credit line by $50 million in April.

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Restructuring Construction Finance Retail 49

PYMNTS

MARCH 17, 2020

Whitman Howard Analyst Tony Shiret said the decision for what to do with the remaining stores is the “elephant in the room” when it comes to how the company is going to restructure itself. million) this year alone, and the store closing plan is meant to return it to profitability.

Profit and Loss 52

Profit and Loss Restructuring Sales Investments 52

Future CFO

JULY 9, 2023

While there are many benefits to transforming a business, it’s important to know when it is appropriate to execute such a plan – timing is critical. The key here is planning the transformation strategy during the diligence phase and aligning and engaging the key decision-makers and the execution teams, at the right time.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Restructuring Leverage Valuation 52