PYMNTS

MARCH 30, 2020

There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will arrive in time for the April rent and lease deadline staring retailers right in the bank account come Wednesday. And if it’s any consolation, retail rents will almost certainly drop in the short term.

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Retail Restructuring Healthcare Economics 52

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

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Retail Restructuring CFO eCommerce 88

PYMNTS

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. And also in training our retail staff to offer the customer a fantastic service.”.

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Retail Marketing Restructuring Sales 52

PYMNTS

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. The industry investment dried up in about March of last year, according to Viridian Capital Advisors data. 23) by MarketWatch. .

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Restructuring Accounts Payable Retail Investments 54

CFO News Room

JANUARY 4, 2023

Earlier this week, Wells Fargo named the stock a top tactical investing idea for the first quarter. 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.

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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. Sycamore is considering acquiring the entire company or making an investment in JCPenney, the news service reported.

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Restructuring Retail Sales Planning 54

PYMNTS

MARCH 9, 2017

For years, the retail industry has added more and more locations to help feed the hungry consumer, but the main issue now is whether this has backfired on retailers. One company speaking to this is clothing retailer Urban Outfitters. One company speaking to this is clothing retailer Urban Outfitters.

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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. He wants the retailer’s board to sell assets and creditors to refinance debts. And, on Tuesday (Oct.

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Restructuring Retail Investments Planning 47

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.

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Retail Restructuring Advertising eCommerce 54

PYMNTS

AUGUST 1, 2018

Stories include Southeast Asia ride-hailing service Grab on the verge of a huge investment, Huawei knocking off Apple in smartphones, Royal Bank of Scotland getting a reprieve, Shopify shares falling amid a slowdown and solid private sector jobs growth in July. Shopify Shares Fall Amid Slowing Growth During Second Quarter.

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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. Along with Claire’s Stores Inc.,

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Retail Marketing Profit and Loss Restructuring 55

PYMNTS

SEPTEMBER 9, 2020

The apparel retailer reported that Aerie digital demand jumped 113 percent and AE rose 21 percent, according to an announcement. “In American Eagle Outfitters concluded Q2 with $899 million in cash and short-term investments, marking a rise from $317 million in 2019, after generating $173 million in operating cash flow in Q2.

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Restructuring Sales Retail Investments 52

PYMNTS

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.,

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Retail Planning Restructuring Forecasting 46

PYMNTS

JULY 6, 2020

The retailer said it has received new financing commitments that will offer enough liquidity to fund it until the sale’s closing, according to an announcement. In addition, the retailer said new Authentic Brands Group LLC subsidiary ABG-Lucky LLC will buy all of its intellectual property assets. Houlihan Lokey Capital, Inc.

Sales 54

Sales Restructuring Retail Finance 54

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.

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Restructuring Retail eCommerce Communication 64

PYMNTS

JUNE 17, 2020

The retailer said $250 million is available now and a further $150 million will be available as needed after Sept. The CEO continued, “This financing provides us with ample liquidity to ensure business continuity as we gradually reopen our stores, invest in fall inventory, and fund the expansion of our digital offerings.”.

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Finance Restructuring Forecasting Retail 52

PYMNTS

JANUARY 16, 2019

Citing sources familiar with the matter, Reuters reported that a sale or restructuring are two of the options being considered. Payless has hired investment bank PJ SOLOMON to help determine its best course of action. Payless wouldn’t be the first retailer to file for bankruptcy again so soon.

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Restructuring Retail Investments Banking 51

PYMNTS

MARCH 12, 2020

But it has now become the latest in an array of New York retailers to file for bankruptcy, following luxury retailer Barneys New York and grocer Fairway Market. Modell plans to continue discussions from here on out about possibilities for recapitalization of sales through asset sales or an equity investment.

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Restructuring Retail Sales Finance 57

PYMNTS

JANUARY 8, 2019

After 126 years in business as an iconic American retailer, Sears Holdings has reportedly turned down a bid by Chairman Eddie Lampert to help it stay open. But Lampert’s hedge fund, ESL Investments, reportedly wants to challenge the decision per unnamed sources with knowledge of the situation, CNBC reported.

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Restructuring Retail Investments Planning 70

PYMNTS

JANUARY 7, 2019

According to the South China Morning Post , the company, backed by Fung Retailing Group, will open most of the newest locations in China, and is also considering Indonesia, Vietnam and Cambodia. locations last June after failing to restructure its debt or find a buyer. It currently operates more than 550 stores in the region. “We

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Restructuring Budgeting Retail Investments 59

PYMNTS

APRIL 29, 2020

That fallout is worst for lodging, gaming, senior housing, nursing homes, student housing, and most retail.”. Bloomberg reported Tennessee-based CBL Properties, which owns 68 enclosed, outlet and open-air retail malls, is seeking advice on strategic and financing options, including restructuring.

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Restructuring Retail eCommerce Finance 61

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.

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Retail Restructuring Planning Sales 44

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 Guardian ) • Vivek Ramaswamy’s investment firm dials back anti-woke rhetoric. The Guardian ) • Vivek Ramaswamy’s investment firm dials back anti-woke rhetoric.

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PYMNTS

MAY 21, 2020

For its part, Zomato recently landed $5 million in new investment. could see a permanent market restructuring that has $158 billion in brick-and-mortar sales moving to online shopping. The biggest shift in consumers’ use of the internet has been in how they shop for retail goods. The report concluded the U.S.

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Marketing Restructuring Startups Retail 57

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.”.

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Mergers and Acquisitions (M&A) Sales Restructuring Entertainment 63

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. You know it. We know it. But that evolution is not necessarily a death sentence for players in the space, be they relatively new or old.

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Retail Profit and Loss Restructuring eCommerce 40

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. The bank indicated the decision would save a forecast $4.3

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Banking Planning Restructuring Forecasting 84

PYMNTS

FEBRUARY 11, 2019

Citing people familiar with the situation, CNBC reported that as part of the potential bankruptcy the shoe retailer is looking to offload its real estate to buyers. If there are no buyers to be had, the retailer may be forced to close most of the stores, or worse, all of the stores located in North America.

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Restructuring Retail Sales Investments 49

PYMNTS

JANUARY 23, 2020

Another debt restructuring occurred in 2018 after more financial challenges accrued. Financial advisers to Fairway during yet another institutional reorganization include the restructuring law firm Weil Gotshal & Manges LLP and investment bank PJ Solomon Securities LLC.

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Restructuring Marketing Securities Investments 52

PYMNTS

SEPTEMBER 19, 2017

The retail death spiral drags on, and this week we have a new victim: Toys “R” Us. 18 and hopes to begin a restructuring that will allow it to revamp its long-term debt. As of now, the approximately 1,600 Toys “R” Us and Babies “R” Us brick-and-mortar retail locations around the world will continue to operate as usual.

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PYMNTS

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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eCommerce Planning Restructuring Retail 57

PYMNTS

SEPTEMBER 27, 2017

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

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Finance Restructuring Leadership Retail 46

CFO News Room

JANUARY 18, 2023

Income from financial holdings (including cash balances, investments in financial securities and minority holdings in other businesses) are added back, and interest expenses on debt are subtracted out to get to taxable income. Returns on Invested Capital (or Equity).

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PYMNTS

OCTOBER 16, 2017

It appears that retailer Nordstrom will remain on the public markets after all, as members of the Nordstrom family have informed the board they have suspended efforts to take the retailer private for the remainder of the year. Nordstrom is not the only big name retail player to face this problem.

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Restructuring Retail Finance Investments 40

PYMNTS

JANUARY 22, 2018

According to Reuters , other private equity firms interested in possibly investing include GP Investments Ltd and ACON Investments LLC. The world’s biggest retailer currently has 471 stores in Brazil , reporting revenues of almost 30 billion reais ($9.4 The paper also wouldn’t reveal how it got the information.

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Profit and Loss Restructuring Investments Sales 43

PYMNTS

MARCH 30, 2020

The real estate investment trust said it still has its obligations to meet — such as paying lenders on mortgages and paying for utilities, according to a memo obtained by CNBC dated March 25. The rental income that we receive from tenants is essential in order to meet these obligations,” Taubman said.

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Restructuring Investments Retail 67

PYMNTS

MARCH 9, 2018

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans. operations, currently in bankruptcy, according to recent Bloomberg reports.

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