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. while its Jet.com eCommerce subsidiary is headquartered in Hoboken, N.J. Partly that’s due to a huge surge in shoppers flocking to eCommerce.

Restructuring 76

Restructuring eCommerce Retail Sales 76

PYMNTS

AUGUST 16, 2018

After closing its doors earlier in the year, a former Sam’s Club store outside of Chicago will become a fulfillment center for eCommerce orders. Currently, the company is planning to have the hub up and running by the end of 2018. The new facility will be the second distribution hub of its kind in the U.S.,

eCommerce 40

eCommerce Restructuring Retail Planning 40

PYMNTS

JULY 6, 2018

based assets, the toy retailer planned to shutter its brick-and-mortar locations by June 29. Some locations were to close earlier, while the company’s eCommerce operations have been already closed for about three months, Fortune reported. Months after Toys R Us announced it would liquidate its U.S.-based

Restructuring 73

Restructuring Retail eCommerce Leverage 73

PYMNTS

FEBRUARY 7, 2020

The rise of eCommerce has been an inexorable one, and the retail landscape has shifted for retailers. 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. Welcome, perhaps, to the mauling of the Great American Mall.

Retail 57

Retail Restructuring eCommerce Sales 57

PYMNTS

MAY 19, 2020

Even eCommerce giant Amazon had to switch its priority to shipping essential household and medical items amid delivery delays. That means that while Amazon and other eCommerce players were forcing customers to wait weeks, Walmart was more or less able to honor delivery windows measured in days by leveraging its store network.

Retail 88

Retail Restructuring CFO eCommerce 88

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. Part of those negotiations would include Nine West selling off parts of the company.

Sales 50

Sales Restructuring Leverage Retail 50

PYMNTS

SEPTEMBER 24, 2020

We’ve seen Walmart throw down the gauntlet on eCommerce, going public with its plans to hire Amazon-like numbers for its fulfillment centers. But they have evolved enough to send consumers happily to eCommerce sites. Online sales platforms lack dependencies for consumers, and that’s become crystal-clear this week.

Restructuring 64

Restructuring Retail eCommerce Communication 64

PYMNTS

FEBRUARY 5, 2020

billion to the Chinese travel ban and Visa plans the biggest interchange fee revamp in a decade. Macy’s announced it will be closing 125 department stores through the next three years, 20 percent of its locations, in an attempt to restructure and revitalize. CyberSource: Helping Merchants Prepare For eCommerce ‘Mini Peaks’.

Currencies 52

Currencies Banking Restructuring B2B 52

PYMNTS

JANUARY 16, 2020

China’s Ant Financial is in discussions with banks to resurrect plans for an initial public offering (IPO) that was shelved over a year ago, the Financial Times reported on Thursday (Jan. In the quarter ending last September, Ant added $309 million to Alibaba’s bottom line, and the eCommerce giant traded its 37.5

Restructuring 52

Restructuring eCommerce Planning Investments 52

PYMNTS

AUGUST 10, 2018

Steinhoff International Holdings NV, which acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt. At the same time, brick-and-mortar retailers like Mattress Firm are up against a formidable force of eCommerce: They face a barrage of competition from bed-in-a-box eCommerce upstarts like Casper.

Retail 42

Retail Planning Restructuring eCommerce 42

PYMNTS

MARCH 22, 2018

Still, the plan has to overcome some challenges, such as getting the approval of a bankruptcy judge and funding from other investors who can dedicate significant amounts of money to the cause. The plan appears to be the first of its kind to save the embattled toy brand. A website, savetoysrus.com , sends consumers to a GoFundMe page.

Restructuring 52

Restructuring Entertainment Retail Leverage 52

PYMNTS

FEBRUARY 15, 2019

At the time, the retailer was reportedly looking at selling or restructuring the company, as well as closing one third or more of its retail stores. For now, the company is making plans to run going-out-of-business sales at its locations in the next week. That’s certainly our intent, to be in a position where U.S.

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Restructuring Retail eCommerce Sales 50

PYMNTS

FEBRUARY 5, 2018

During this court-supervised process, we plan to continue operating in the normal course and executing on our key initiatives to drive improved performance,” Bon-Ton CEO Bill Tracy said in a press release. It was challenged by selling a similar assortment of merchandise as its rivals and struggled adapting to eCommerce.

Retail 51

Retail Restructuring Sales eCommerce 51

PYMNTS

JANUARY 7, 2021

Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. Ant was co-founded by billionaire Jack Ma, who also co-founded eCommerce giant Alibaba. Ant Group had $263 billion in outstanding consumer loans as of June 2020. China TransInfo Technology Corp.

Restructuring 56

Restructuring Valuation Financial Systems Banking 56

PYMNTS

JUNE 9, 2020

The study concludes that “ the spike in eCommerce is likely here to stay, even post-pandemic.”. Neiman Marcus told the Post that its “restructuring plan is focused on alleviating our debt load, not mass store closures.” A recent PYMNTS study conducted over a 12-week period found that of the 48.2

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Restructuring Retail eCommerce Finance 52

PYMNTS

OCTOBER 21, 2016

Fitch names rue21 as a retailer at a “high risk of default” because of its bond debt, declining foot traffic, competition from eCommerce and other retailers and “a lack of a compelling product line.”. Our direct-to-consumer business continues to drive our results with both brick-and-mortar and eCommerce growing double digits.”.

Retail 55

Retail Marketing Profit and Loss Restructuring 55

PYMNTS

AUGUST 30, 2016

The mobile payments firm now offers an eCommerce platform and small business lending services. which would take on all of the eCommerce operations currently under Paytm. These previous backers funded the company’s $500 million round in Jan.

Restructuring 40

Restructuring B2B eCommerce Communication 40

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

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

OCTOBER 1, 2019

German shipping and logistics company Deutsche Post DHL has investment and expansion plans to capitalize on the growing eCommerce space worldwide, according to a report from Reuters. It aims to see better profits by restructuring and raising prices to raise its 2019 forecast, despite potential global trade difficulties ahead.

Investments 40

Investments Restructuring Forecasting eCommerce 40

PYMNTS

JUNE 9, 2016

Rakuten’s Austria office will also be taken off the map, although, since the company plans on using its restructured resources to focus on growth in France and Germany, shoppers in Vienna, Salzburg and Innsbruck will still have access to the marketplace. “Rakuten will offer staff alternatives where these are available.”

Restructuring 40

Restructuring eCommerce Planning Sales 40

PYMNTS

MARCH 21, 2018

after failing to restructure its debt or find a buyer, Reuters reported. Competition from eCommerce retailers such as Amazon and discount stores such as Walmart hasn’t helped the company either. In addition, the company hopes to find a buyer for its Canadian business, which it plans to package with 200 stores in the U.S.

Restructuring 47

Restructuring Retail Leverage eCommerce 47

PYMNTS

FEBRUARY 8, 2019

Startups in the eCommerce space have long enabled their customers to experience their products in real life (“IRL”) through temporary retail shops, and now, digitally-focused brands belonging to major retailers are taking a similar approach. As it looks for a buyer, the retailer reportedly plans to shutter roughly 95 store locations.

eCommerce 54

eCommerce Restructuring Retail Startups 54

PYMNTS

SEPTEMBER 27, 2017

The retailer has also announced its plans to level up its eCommerce efforts “to better reflect its brand, promote the hottest toys and provide improved delivery capabilities so Toys“R”Us can effectively compete in the online shopping space,” the article said. Toys“R”Us officially filed for Chapter 11 bankruptcy on Sept.

Finance 46

Finance Restructuring Leadership Retail 46

PYMNTS

APRIL 5, 2017

India’s second largest local eCommerce company, Snapdeal, has faced growing pressure from other native and international competitors, all of whom vie for a piece of the nation’s fast growing online market. Snapdeal’s eCommerce competitors in India significantly outpace it when it comes to overall investments.

Restructuring 40

Restructuring eCommerce CFO Sales 40

PYMNTS

JUNE 20, 2017

The issue that has developed over the last few years as a result of this direct-to-consumer (D2C) eCommerce approach is the effect it has had on more traditional, legacy retailers. Penney’s nosedive of more than 30 percent, the need to restructure to compete on the same level as D2C is clear.

Retail 54

Retail Restructuring Advertising eCommerce 54

PYMNTS

MARCH 7, 2019

Abercrombie is the latest retailer to reveal plans to shutter stores. The current plan is to close all Canadian operations by April 30, and all U.S. It also reported same-store sales growth of 3 percent, beating Wall Street’s forecasts of 1.5 locations by May 21. “We

Restructuring 43

Restructuring Forecasting Retail eCommerce 43

PYMNTS

MARCH 23, 2017

One of the areas that has increasingly become an issue for Sears is the eCommerce landscape with giants like Amazon moving in on their turf. While historical performance drives the disclosure, our financial plans and forecast do not reflect the continuation of that performance.”.

Restructuring 40

Restructuring eCommerce Retail Forecasting 40

PYMNTS

AUGUST 23, 2018

Automakers, clothing manufacturers and eCommerce giants alike are changing the way they deliver goods amid a turbulent global supply chain, as the trade war between the U.S. alone, eCommerce revenue is expected to surpass $506 billion this year — and projected to surpass $712 billion by 2022. News From The Cross-Border Payment Space.

Manufacturing 46

Manufacturing Restructuring eCommerce Transportation 46

PYMNTS

APRIL 20, 2018

Still, Bon-Ton said its eCommerce and mobile platforms will continue to operate as its stores are liquidated. During this court-supervised process, we plan to continue operating in the normal course and executing on our key initiatives to drive improved performance,” Bon-Ton CEO Bill Tracy had said.

Restructuring 41

Restructuring eCommerce Retail Sales 41

PYMNTS

DECEMBER 19, 2017

It announced at the time that it would level up its eCommerce efforts “to better reflect its brand, promote the hottest toys and provide improved delivery capabilities so Toys R Us can effectively compete in the online shopping space.”. Less-than-optimal holiday sales numbers may put a dampener on those plans , however.

Sales 43

Sales Restructuring Retail eCommerce 43

PYMNTS

MARCH 24, 2016

If Nordstrom is looking to strengthen its eCommerce capabilities, the retailer certainly looked to the right place in a recent hire. “Kumar’s extensive experience in strategy, product development and delivering technology solutions that support a great user experience, as well as his passion for the customer, will be invaluable.”

Restructuring 40

Restructuring eCommerce Retail Technology 40

PYMNTS

DECEMBER 20, 2019

is planning to create a tech regulator next year, post-Brexit. Japan has passed a bill to boost Big Tech oversight as well, with a focus on eCommerce and app stores filing reports about their operations with the government.

Restructuring 52

Restructuring Financial Systems Construction eCommerce 52

PYMNTS

JULY 16, 2018

Through this investment, PayPal said PPRO plans to accelerate the expansion of its payments platform and the international presence of its alternative payments-acquiring business. Bloomberg reported that Apple is restructuring its team of sales people in India. Bank Of America Earmarks $500M In Tech Spend As Mobile Use, Zelle Soar.

Investments 40

Investments Restructuring eCommerce Banking 40

PYMNTS

JANUARY 9, 2018

With investments in its supply chain, new brands available online and in stores, remodeled retail spaces, an enhanced promotional strategy, streamlined discounts and a massive restructuring of its pricing scheme, the discount retailer has proven its interest in keeping pace with the eCommerce giant.

Sales 43

Sales Restructuring Retail Startups 43

PYMNTS

MARCH 15, 2016

” The layoffs are just the most recent in a long-term restructuring plan, Darrow explained. According to spokeswoman Tara Darrow, the cuts affect the organization at multiple levels and are intended to “ensure that the organization’s operating model is best prepared to support our company’s future growth goals.”

Restructuring 40

Restructuring Retail eCommerce Technology 40