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.

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Retail Restructuring eCommerce Sales 57

PYMNTS

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

PYMNTS

JULY 21, 2020

To bolster its financial status and let it better compete in a difficult retail climate, Tailored Brands plans to make changes that will lead to a reduction of roughly 20 percent of its corporate positions by the conclusion of fiscal Q2. and Canadian retail locations. The company, whose brands include Jos.

Retail 52

Retail Restructuring Compliance Banking 52

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.

eCommerce 57

eCommerce Planning Restructuring Retail 57

PYMNTS

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

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

Future CFO

OCTOBER 28, 2019

HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. Ring-fencing is a rule by which banks in the UK are required to separate their retail business from their riskier wholesale and investment banking business.

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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. The pandemic also hit other parts of the firm’s media empire, including its movie segment. All this, Today in Data.

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Retail Restructuring Numbers Planning 52

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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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.,

Retail 55

Retail Marketing Profit and Loss Restructuring 55

PYMNTS

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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Planning Restructuring Retail 47

PYMNTS

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

PYMNTS

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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Retail Restructuring Sales eCommerce 51

PYMNTS

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

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

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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Restructuring eCommerce Retail Sales 76

PYMNTS

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.

Banking 64

Banking Restructuring Profit and Loss Planning 64

PYMNTS

JULY 6, 2018

Following the closure of Toys R Us stores in June, retailers in the hobby and off-price segments may fill some of the larger empty big-box spaces. In January, the hobby retailer had arrived at a store count of 800 and, in June, the retailer had seven new stores. The retailer had over 700 remaining locations in the U.S.,

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Restructuring Retail eCommerce Leverage 73

PYMNTS

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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Retail Planning Restructuring eCommerce 42

PYMNTS

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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Planning Restructuring Retail Finance 40

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

Retail 52

Retail Marketing Restructuring Sales 52

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. The hedge fund will reportedly refer to the advisory fees incurred by Sears over its bankruptcy, which are said to make up a portion of the retailer’s administrative expenses.

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Restructuring Retail Investments Planning 70

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.

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Sales Planning Restructuring Forecasting 40

PYMNTS

JUNE 7, 2019

Review our coverage, including stories about Stripe’s chargeback protection plan, the latest on open banking progress, a big investigation into crypto and the latest on the emerging ecosystem of predictive retail. MoneyGram Works to Restructure Debt; Could Seek Buyer. Can Predictive Retail Really Take Off? Top Performers.

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Restructuring Retail Banking Securities 68

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

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Restructuring Accounts Payable Retail Investments 54

PYMNTS

JANUARY 18, 2019

plans to close following its second bankruptcy. The retailer, which has just under 950 locations, filed for protection from creditors in the U.S. The report noted that many retailers have filed for bankruptcy before liquidating. Bankruptcy Court for the Eastern District of Virginia, Bloomberg reported.

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Restructuring Retail Securities Planning 64

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

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. 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

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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Restructuring Retail Investments Planning 47

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

PYMNTS

SEPTEMBER 28, 2020

You cannot restructure when revenues go to zero,” he told Webster, adding that for a number of retailers and restaurants, “that’s probably the biggest liquidity crisis.”. There will be retailers and restaurants that will not come back, and even some small regional airlines will disappear.

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Accounts Payable Restructuring Entertainment Economics 116

PYMNTS

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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Sales Restructuring Retail Securities 52

PYMNTS

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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Planning Restructuring Banking Retail 43

PYMNTS

OCTOBER 15, 2018

Lampert had long vowed to bring Sears back to the days when it was a leading retailer, but his efforts failed to take off with consumers. Under the bankruptcy plan , Lampert will be replaced with a three-person committee. Under the bankruptcy plan , Lampert will be replaced with a three-person committee.

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Restructuring Retail Finance Planning 64

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

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. That was well before pandemic-related mayhem disrupted, then fundamentally restructured, the grocery sector to favor well-heeled operators like Amazon and Walmart.

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Restructuring Sales Planning Numbers 89

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. Nine West has one of highest leverage ratios among its peers in retail. billion debt.

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