CFO Simplified

FEBRUARY 11, 2022

Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. His team serves as fractional CFOs to companies in many industries, from start-up to middle market, providing cash flow planning and other services that drive profitability.

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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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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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CFO News Room

JANUARY 5, 2023

Signage outside a Bed Bath & Beyond retail store in New York, Aug. 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. Gabby Jones | Bloomberg | Getty Images. The bank said it $3.8

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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. PNC Bank plans to reduce the count of its branch offices through next year, Fox Business reported. In the U.S.,

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Banking Planning Restructuring Forecasting 84

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MARCH 6, 2019

The jeans maker and retailer is looking to have court approval for its reorganization plan by mid-April, The Wall Street Journal reported. The retailer had been profitable for many years, but the company’s balance sheet was impacted by the recession in 2008. filed for bankruptcy.

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AUGUST 10, 2018

Brick-and-mortar retailers have sought to reduce their retail footprint in hard times, and Mattress Firm, Inc. Steinhoff International Holdings NV, which acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt. is no exception.

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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

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DECEMBER 4, 2017

retail branch of U.S. toy and game company Toys R Us is seeking creditor approval of a plan to restructure its operations in the coming year. billion infusion from a group of lenders led by JPMorgan Chase that allowed it to announce new steps in its post-bankruptcy restructuring. Toys R Us U.K. Toys R Us U.S.

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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. Several more openings are planned in the Northeast this year. The British are coming.

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NOVEMBER 4, 2020

London-based Lloyd’s plans to cut roughly 730 additional jobs as part of its ongoing restructuring plan, which had been put on hold earlier this year due to the COVID-19 pandemic. The job cuts will be largely in its technology and retail operations.

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CFO News Room

JANUARY 4, 2023

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. In 2021, GE revealed plans to break up into three companies so it can focus on its aviation business.

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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.

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FEBRUARY 5, 2018

The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. The retailer said in a filing last week that it might have to file for Chapter 11 if it could not reach a deal with creditors.

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JULY 2, 2020

Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. retail field, finally filed for Chapter 11 in May after several years going back and forth on whether it would happen. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.

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Restructuring Retail Communication eCommerce 88

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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. 23) by MarketWatch. . These are brands that heavily rely upon MedMen for their business.” .

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NOVEMBER 19, 2019

Chinese payments company Ant Financial has plans for the future — but going public isn’t one of them. “We But in September it was revealed that Chinese regulators had given parent company Alibaba permission to restructure Ant Financial, which would open a path for an initial public offering (IPO).

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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. In mid-May, the struggling retailer disclosed that it paid $17 million in interest charges on a secured loan to avoid a default.

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Restructuring Retail Sales Planning 54

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JUNE 5, 2020

JCPenney has identified the first round of 154 retail location closures, after an assessment of its store footprint and evaluation of “future strategic fit” as well as performance. The retailer said closing sales will commence at 154 stores following a court order entered at a U.S.

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DECEMBER 3, 2020

In July , Walmart cut its workforce by laying off hundreds in its logistics, real estate and retail location-planning divisions. “We The retailer confirmed the new round of layoffs to Footwear News on Wednesday (Dec. 2), adding it was part of a restructuring. The trade publication said that U.S.

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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

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SEPTEMBER 13, 2017

When the going gets tough, the tough restructure their retail operations in an attempt to better facilitate change. Consolidation is coming to Walmart starting today, when six retail business units will be contracted down to four, according to a recent news release. Well, they do if they’re Walmart anyway.

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Restructuring Leadership Communication Retail 55

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OCTOBER 28, 2020

The big-box retailer, traditionally known for its mailed coupons that offered 15 or 20 percent discounts on bedding and other home accessories, will be stepping away from that touchstone. The effort is part of the retailer's restructuring plan.

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Restructuring Retail Economics Sales 79

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JUNE 23, 2017

In the 1990’s, everyone talked about the Walmart effect on retail — the idea that the big box store was making every other kind of retail method obsolete. If I were a mid-sized retailer that was one more of the pack without an outstanding feature, I would be a little bit worried. They can’t make any big changes for a while.

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Retail Restructuring Planning 64

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JUNE 4, 2018

Italy’s UniCredit and French rival Société Générale are planning to merge, which could lead to other big banking mergers throughout Europe. And for SocGen, there is the opportunity to take a leading position in Italy and Germany in retail and corporate banking. Mustier has been focused on SocGen for awhile.

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Banking Planning Restructuring Investments 40

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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

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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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.

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Restructuring Retail Planning eCommerce 52

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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.

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Restructuring Retail Planning eCommerce 52

PYMNTS

DECEMBER 10, 2020

Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. 8) he would give the go-ahead to the sale of most of the retail group’s leftover property to Sycamore Partners. In July, Ascena Retail Group, Inc.

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Restructuring Retail Securities Sales 63

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MAY 7, 2020

Neiman Marcus has filed for bankruptcy as the “great resettling” continues for retail. A statement from CEO Geoffroy van Raemdonck said that the filing will not affect store reopening plans, and that the company expects to be in a stronger position when it does. “We

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AUGUST 3, 2018

Brookstone , a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. malls, Brookstone is now the latest major brick-and-mortar retailer to announce that it has filed for bankruptcy protection. Both have operations online under new owners, reported The Wall Street Journal.

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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.

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Restructuring Retail Planning Numbers 57

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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

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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

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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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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. Until this pandemic struck, we had made significant progress rebuilding our company under our Plan for Renewal strategy – and our efforts had already begun to pay off.

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