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

Retail 88

Retail Restructuring CFO eCommerce 88

PYMNTS

JULY 2, 2020

We may be on borrowed time for job cuts in a number of industries…that were not necessarily distressed when we entered the pandemic,” she said, according to WSJ. Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. Penney, once a heavy hitter in the U.S.

Restructuring 88

Restructuring Retail Communication eCommerce 88

PYMNTS

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. 16: Number of full-line stores that Nordstrom will close. 16: Number of full-line stores that Nordstrom will close.

Retail 52

Retail Restructuring Numbers Planning 52

PYMNTS

JUNE 2, 2020

Another month of the pandemic and another first of the month when retail lease payments are due. As the crisis enters its fourth month, counting March, two new earnings reports indicate that about 60 percent of retailers are paying their rent — with a few very notable exceptions. percent of retail rent was collected, compared to 48.9

Retail 52

Retail Restructuring Banking Numbers 52

PYMNTS

NOVEMBER 4, 2020

In addition, Lloyds is reducing its headcount by another 730 positions as part of a significant restructuring effort. Workers in the group transformation and retail banking workforces will be primarily impacted by the reductions, which will reportedly bring about no additional bank closings.

Retail 53

Retail Restructuring Banking Numbers 53

PYMNTS

SEPTEMBER 28, 2020

The muted outlook for the future comes against a backdrop, where businesses — large and small, across any number of verticals — are navigating unprecedented impact on cash flow. There will be retailers and restaurants that will not come back, and even some small regional airlines will disappear. Where We Go From Here.

Accounts Payable 116

Accounts Payable Restructuring Entertainment Economics 116

PYMNTS

JULY 22, 2019

Retailers are feeling the heat from high rent costs. According to a report in The Wall Street Journal , while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas. The retailer fought the rent increase but lost.

Retail 43

Retail Restructuring Entertainment Numbers 43

PYMNTS

JULY 23, 2020

Ascena Retail Group, Inc. The retailer and “certain of its subsidiaries” have come to a restructuring support agreement (RSA) with more than 68 percent of secured term lenders, according to a Thursday (July 23) statement.

Planning 56

Planning Restructuring Retail Forecasting 56

PYMNTS

APRIL 10, 2017

Changing eCommerce and technological shifts in the retail space are now impacting payrolls. government, the number of jobs lost in general merchandise stores hit a new low at 34,700 in March, The New York Times reported. However, with all of the change taking place, retailers “are not sure what the endgame is.”.

eCommerce 40

eCommerce Retail Restructuring Economics 40

PYMNTS

MAY 31, 2017

Under the watch of the former head of the retail business, Carrie Tolstedt, employees created as many as 2.1 The San Francisco-based bank has since replaced Tolstedt with Mary Mack as head of the retail business and is now reassigning four executives to report directly to Mack. sub-regions from eight to five.

Restructuring 40

Restructuring Leadership Banking Retail 40

PYMNTS

FEBRUARY 14, 2020

To recover following a lackluster display over the holidays, Modell’s Sporting Goods has brought on a series of advisers with the inclusion of a chief restructuring officer. The retail chain has encountered slumping sales and a competitive field from eCommerce, as well as big-box retailers, The Wall Street Journal reported.

Sales 52

Sales Restructuring Retail Forecasting 52

PYMNTS

JUNE 4, 2019

According to a report in The Financial Times , the new rules, which require more verification for online payments of more than €30 and go into effect in September, require big changes to processes and technology at retailers, banks and payment groups. The new rules are aimed at reducing fraud. “The Candidly, the state of readiness is poor.”

Sales 66

Sales Restructuring eCommerce Economics 66

PYMNTS

MAY 5, 2016

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Yes, that seems an appropriately fine number to panic over. Such is the double-edged sword of a retail industry swept up in innovation. January — Wet Seal. February — Hancock Fabrics. As of Feb. As of Feb.

Retail 44

Retail Restructuring Planning Sales 44

PYMNTS

JANUARY 5, 2021

In Epiq's report on 2020 bankruptcy statistics, the firm found that 2020 had the lowest numbers since 1989, with 529,068 over all chapters, according to a press release. Those numbers are a measuring stick for the economy, and Chris Kruse, senior vice president of Epiq AACER. “We

Restructuring 63

Restructuring Numbers eCommerce Retail 63

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.”.

Mergers and Acquisitions (M&A) 63

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

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. Deutsche’s move to decrease its number of locations comes after news that Commerzbank would not open 200 offices again that were closed amid COVID-19.

Banking 84

Banking Planning Restructuring Forecasting 84

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.

Restructuring 64

Restructuring Retail eCommerce Communication 64

PYMNTS

MAY 12, 2016

What goes up must come down, and considering the rapid pace of innovation in retail today, it shouldn’t be too much of a surprise that plenty of once-thriving brands are finding themselves speeding toward hard landings instead. ” If Fairway can’t restructure over the next few months, nobody will. . Bankruptcies.

Retail 40

Retail Restructuring Startups Valuation 40

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. And if doing so can increase profits — as has been the case with Sheetz — that could stand as a pretty solid example for other retailers.

Retail 40

Retail Profit and Loss Restructuring eCommerce 40

PYMNTS

FEBRUARY 3, 2020

The retailer will ask for court approval of the arrangement that will place the companies as the stalking horse or lead bidders at an auction, The Wall Street Journal reported. The retailer said it would shutter a large number of brick-and-mortar stores around the globe per news at the time. came to a deal on Sunday (Feb.

Restructuring 57

Restructuring Retail Planning Numbers 57

PYMNTS

JUNE 26, 2020

That was well before pandemic-related mayhem disrupted, then fundamentally restructured, the grocery sector to favor well-heeled operators like Amazon and Walmart. This is despite the grocer recently announcing that it is deploying artificial intelligence (AI)-based shopping assistants in a number of locations.

Restructuring 89

Restructuring Sales Planning Numbers 89

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. That agreement, however, has not been sufficient to stem the losses, and it looks as though the retailer is running out of options.

Restructuring 49

Restructuring Construction Retail Finance 49

PYMNTS

SEPTEMBER 14, 2018

“[Malls] with strong locations were able to nab high-productivity tenants like Whole Foods, Wegmans and Nordstrom,” according to JLL’s Q2 Retail Outlook report. Those with only an average location had a harder time finding a replacement tenant, and when they did, it was usually a lower-performing, non-retail tenant.”.

Restructuring 53

Restructuring Retail eCommerce Numbers 53

PYMNTS

OCTOBER 12, 2020

When asked, fear of crowds surfaced as consumers’ primary reason for preferring to carry on with digital-first experiences when it comes to shopping for groceries (57 percent), purchasing retail products (52 percent) and even ordering food from restaurants (45 percent). The SMB Pinch.

Retail 88

Retail Restructuring Forecasting Sales 88

PYMNTS

SEPTEMBER 16, 2016

A disappointing economic report for August, weak retail sales and industrial production and slower job growth are expected to prevent the Fed from increasing interest rates at least until December. A separate report showed consumer sentiment was steady in early September, which suggests that retail sales could rebound in the coming months.

Restructuring 65

Restructuring Benchmarking Forecasting Treasury 65

PYMNTS

APRIL 2, 2019

As the retail sector continues to undergo restructuring, a number of retail real estate markets face more vacancies and falling rents. Physical retailers have been suffering from the rise of eCommerce and Amazon’s knack for entering markets, disrupting them and eventually emerging as a leader.

Restructuring 50

Restructuring Construction eCommerce Retail 50

PYMNTS

MARCH 2, 2017

Retailer BCBG Max Azria filed for bankruptcy and is making a major shift towards eCommerce, with a series of store closures that started earlier this year. 1) in federal court in Manhattan, Internet Retailer reported. 1) in federal court in Manhattan, Internet Retailer reported.

eCommerce 40

eCommerce Restructuring Retail Planning 40

PYMNTS

OCTOBER 14, 2020

Usually hosted in early July, Prime Day was conceived to give consumers a reason to go shopping during the dog days of summer when retail sales generally hit their lowest point of the year. Longtime PYMNTS readers know the story of the Amazon effect across a lot of verticals — retail, grocery , payments. The Prime Day Push .

Forecasting 72

Forecasting Restructuring Sales eCommerce 72

PYMNTS

APRIL 24, 2020

For non-essential retail, once again rent is due and revenue is marginal. At least, however, landlords seem to be making accommodations for retail. It showed that as of April 20, it collected 69 percent of total April rent charges, broken down by 73 percent for office tenants and 46 percent for retail tenants. Keltner, Jr.,

Restructuring 53

Restructuring Retail Advertising Numbers 53

PYMNTS

SEPTEMBER 20, 2017

Domestic merchandise retailer Bed Bath & Beyond’s stock took a 12-point hit after Wall Street got a look at its latest earnings report and did not much like what it saw. Same-store sales — the Street’s favorite metric for physical retail — were down 2.6 Retail sales clocked in at approximately $2.9

Restructuring 40

Restructuring Accounting Standards Sales Retail 40

PYMNTS

MAY 5, 2020

After adjusting for restructuring charges and other effects, Disney reported earnings of 60 cents a share, down from $1.61 a share a year ago.

Profit and Loss 65

Profit and Loss Restructuring Entertainment Economics 65

CFO News Room

JANUARY 18, 2023

The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights. .

Marketing 130

Marketing Hurdle Rate Investments Accounting 130

PYMNTS

JUNE 27, 2018

“Our new, hard infrastructure will be future-proofed to your imaginations, opening up a range of potential innovations in wholesale markets and corporate banking and retail services.”. We had a number of reasons for choosing Dash as one of the first digital assets we offer on our platform,” said AloGateway CEO Sherwin Quiambao in a statement.

Restructuring 63

Restructuring Currencies B2B Banking 63

PYMNTS

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.

Sales 40

Sales Planning Restructuring Forecasting 40

PYMNTS

DECEMBER 19, 2017

Embattled toy and game retailer Toys R Us may close 100 U.S. 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. Toys R Us received a $3.1

Sales 43

Sales Restructuring Retail eCommerce 43

PYMNTS

AUGUST 14, 2019

The biggest miss, by the numbers, were the earnings figures. Last week 100-plus-year-old retail Barneys New York officially filed for Chapter 11 bankruptcy and put it up for sale. JCPenney stocks slipped below the $1 apiece mark in mid-July when reports surfaced that it was working with experts to restructure its debt.

Restructuring 65

Restructuring Sales Forecasting Retail 65

PYMNTS

DECEMBER 21, 2016

After disappointing third quarter financial numbers, clothing retailer The Limited may be be going in another direction. According to Bloomberg , the brand pulled in Kirkland & Ellis to be its legal adviser and Guggenheim Securities and RAS Management Advisors for help with a debt restructuring and any asset sale.

Restructuring 43

Restructuring eCommerce Retail Numbers 43