Joann files for bankruptcy; secures $132M in new financing
CFO Dive
MARCH 18, 2024
The craft retailer’s long-anticipated bankruptcy follows a $400k cash retention bonus paid out to its CFO.
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CFO Dive
MARCH 18, 2024
The craft retailer’s long-anticipated bankruptcy follows a $400k cash retention bonus paid out to its CFO.
CFO Thought Leader
JANUARY 8, 2025
Now as CFO of Salt Security, he applies the same philosophy of aligning metrics with execution to drive both rapid expansion and operational discipline. CFOTL: Tell us about Salt Security? Lippmann: Salt Security is backed by some of the big name investors out therelike Sequoia, Capital G, (and others)who also serve on our board.
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Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Operational Strength Starts with People: The New Rules of Finance Leadership
What Your Financial Statements Are Telling You—And How to Listen!
CFO Dive
APRIL 3, 2025
The retailer asserts it overpaid executives after an accounting error led to an overstatement of 2023 EBITDA by $81 million, according to a securities filing.
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Operational Strength Starts with People: The New Rules of Finance Leadership
What Your Financial Statements Are Telling You—And How to Listen!
CFO Dive
JULY 9, 2024
The subscription-based retailer’s $60 million new credit facility with PNC Bank will be secured by its global wine assets.
PYMNTS
APRIL 13, 2020
For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however.
Barry Ritholtz
DECEMBER 11, 2023
billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. This costs retailers anywhere between $15-20 billion annually in the US. No, “ nearly half ” of $94.5
PYMNTS
AUGUST 7, 2020
But the ripple effects are daunting, as the moves could threaten the half-trillion-dollar market for commercial mortgage-backed securities. If this becomes a tsunami of retailers rejecting their leases, it’s going to trigger another part of the sea change — the mortgages held by the landlords.”.
PYMNTS
OCTOBER 30, 2020
Mastercard has unveiled its artificial intelligence (AI)-fueled Cyber Secure tool suite, which lets banks evaluate cyber risk throughout their ecosystems and stop possible breaches from occurring, according to a Friday (Oct. Furthermore, acquiring banks can help retailers make sense of their own cyber risk, according to the announcement. “At
Barry Ritholtz
DECEMBER 2, 2023
This week, we speak with Michael Fisch , CEO and co-founder of American Securities , a $27-billion dollar private equity firm. He is a managing member of the general partners of the American Securities Partners’ series of private equity funds and a member of the investment committee of AS Birch Grove.
PYMNTS
JANUARY 18, 2021
Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.
PYMNTS
AUGUST 5, 2020
Tim Horton , head of global merchant security and fraud solutions at Fiserv , told a recent PYMNTS Masterclass that online purchases have more than doubled year on year in the general retail segment, while online grocery sales have surged by 250 percent. But put the same consumer online and the story is very different.
PYMNTS
JUNE 26, 2020
McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. Ultimately, the luggage company secured a working capital loan from Payoneer to help finance its pivot. By contrast, it took a decade for it to hit 16 percent from less than 6 percent 10 years ago.
Accountancy Today
JULY 25, 2023
FRP Corporate Finance has revealed it secured a multi-million-pound refinancing package for horticultural experts, Bridge Farm Group. The business sells to UK-wide supermarket and DIY retailers. Bridge Farm, based in Spalding in Lincolnshire, is the UK’s leading producer of ornamental plants and cut flowers.
PYMNTS
SEPTEMBER 4, 2020
Retailers are trying to make themselves as ready as possible, given the highly unpredictable nature of the COVID-19 era’s commerce environment. “I Alford added that retailers also have to be “really careful about creating friction in the transaction process. So, I think that is part of the driver for high cart abandonment.”.
Nerd's Eye View
MAY 15, 2024
On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts ".
Future CFO
OCTOBER 11, 2022
The face of retail has been changing since the start of digital transformation. Many traditional retailers have witnessed the rise of Amazon to dominate retailing – changing how consumers engage and make purchases. What is certain at this moment is that the evolution of retailing will continue. The business model shift.
Global Finance
DECEMBER 5, 2024
Lulu Retail Holdings, a major operator of hypermarkets in the Middle East, raised $1.72 Retail investors scrambled to secure an allocation, resulting in an outsized $37 billion demand: the highest level of oversubscription for a non-government IPO in the UAE in the last decade. Final share price was AED2.04 (about 56 cents).
Global Finance
OCTOBER 28, 2024
Despite security threats and political unrest, tiny Togo is attracting outsize interest from foreign investors. The picture is clouded by security challenges arising from attacks by bandits in the northern region and sea pirates’ raids on the coastal south. The new plant is part of a bigger project valued at CFA4.9 billion ($7.8
Future CFO
DECEMBER 5, 2024
As the payments landscape in the Philippines undergoes significant evolution, the country is set to see a more seamless, secure, and interconnected setting in 2025, according to Visa. Trend # 3: Dynamic Security Elevates Trust as Payments Transform for Filipinos As digital payments gain further traction, ensuring security becomes paramount.
PYMNTS
DECEMBER 14, 2020
They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods. Friction-filled experiences, however, can actually give retailers key opportunities to engage frustrated customers on a deeper level. Contactless Payments And eCommerce.
PYMNTS
JANUARY 8, 2021
Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price. Having retail investors buy shares ahead of the opening could also limit the size of the rally of the stock on its first day of trading.
Global Finance
OCTOBER 31, 2024
Strengthened balance sheets secure China’s retention of the top spots in this year’s rankings. Global Finance ’s 2024 ranking of the world’s 50 largest banks highlights institutions that have built powerful franchises in their respective markets, with extensive rosters of corporate, commercial, and retail clients.
VCFO
JUNE 2, 2023
Navigating a New Era of Retail – Three Financial and Operational Factors The market and operating environments of retail businesses have undergone dramatic transformations since the turn of the millennium; transformations that accelerated significantly more with the outset of the COVID pandemic.
PYMNTS
SEPTEMBER 15, 2020
To reshape the digital checkout experience for retailers and shoppers, Visa Canada has unveiled the extension of Click to Pay to Canada. In order to offer additional security procedures to emerging and current online payment channels, Click to Pay has interoperability with 3-D Secure and EMVCo tokenization specifications. “As
PYMNTS
DECEMBER 30, 2020
A lawsuit filed by the Securities and Exchange Commission (SEC) against digital payments firm Ripple is heading to virtual court on Feb. 29) that the SEC's lawsuit has already harmed "countless innocent XRP retail holders with no connection to Ripple" and have “needlessly muddied the waters” for the industry. crypto industry.".
CFO News Room
NOVEMBER 19, 2022
The apparel and footwear retailer also raised its full-year forecast and reported an unexpected rise in comparable store sales. The apparel retailer is in the midst of a turnaround effort that has involved scaling down inventories and streamlining its brand portfolio. Gap (GPS) – Gap shares rallied 5.1%
Global Finance
JANUARY 31, 2025
On January 10, it shed the tag with the relaunch of the Ethiopian Securities Exchange (ESX). For over five decades, Ethiopia held the dubious distinction of being Africas second most populous nation and one of the fastest-growing economies without a stock market.
Global Finance
JUNE 18, 2024
The Hyundai India IPO that was announced earlier this year has become a bellwether for the health of Indian stock markets and particularly its IPO market, now that the South Korean carmaker has reportedly filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on June 15.
Global Finance
FEBRUARY 5, 2025
As we scale up and undergo this major transition, one of my primary responsibilities, alongside the CEO, is to secure the necessary funding to support the companys growth and operations. [In In 2024, Avantium secured $114 million in financing.] Van Schak: Ensuring the company is sufficiently funded. GF: How do you keep investors happy?
PYMNTS
DECEMBER 31, 2020
Security challenges are mounting, too. PIN-based debit transactions are some of the most secure, but this payment method is being used less and less, with consumers instead turning to eCommerce and in-person contactless payments during the pandemic. 3D Secure 2.0 3D Secure 2.0 The Face of Fraud. Understanding Customers.
PYMNTS
DECEMBER 17, 2020
Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. United Kingdom retailers saw the equivalent of €706 million ($827 million) in card fraud losses in 2019, for example, and the pandemic is expected to add to these woes as it pushes more retail shopping online.
CFO News Room
FEBRUARY 3, 2022
There’s a very big effort between now and Valentine’s to get absolutely everything we have in the hands of retailers,” said Hershey Chief Financial Officer. Mr. Voskuil said Hershey has sent salespeople to stores to help restock shelves and the inventory issues vary by retailer. Steve Voskuil. How are you working around it?
PYMNTS
AUGUST 14, 2020
But Co-Founder and CEO Yitz Mendlowitz told Karen Webster in a recent conversation on 3-D Secure 2.0 However, retailers also suddenly found that fighting off fraudsters in the digital CNP space isn’t quite the same as fighting loss in physical stores. the odds of beating the bad guys are moving in retailers’ favor. “I
CFO Share
JANUARY 2, 2025
Despite securing over $100 million in venture capital and employing over 600 individuals, Bench abruptly and inexplicably ceased operations on December 27, 2024, leaving thousands of small business clients scrambling for alternatives. It’s as though Walmart went out of business, and I’m a small-town retailer.
PYMNTS
SEPTEMBER 27, 2020
Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations.
PYMNTS
SEPTEMBER 29, 2020
If it’s a hit with users, Amazon plans to bring it to other retailers as well as performance venues and the nation’s offices. Dilip Kumar , Amazon’s vice president of physical retail, told the network the technology had been in the planning stages long before the pandemic. “I
PYMNTS
NOVEMBER 12, 2020
If it’s cheaper, faster, more secure for the users, then we should explore it. The ECB's message is that the digital currency idea would be a boost for consumers needing new ways to pay for retail purchases as the payments landscape evolves amid the pandemic. My hunch is that it will come,” Lagarde said Thursday (Nov.
PYMNTS
NOVEMBER 24, 2020
Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. A convenient, yet secure solution could be just a few taps away, however.
Global Finance
OCTOBER 30, 2024
QIA, established in 2005 with the target to create long-term value, invests across nine sectors: retail and consumer; technology, media and telecoms (TMT); liquid securities; infrastructure; financials; funds; healthcare; industrials; and real estate. GF : Is there any concern about moving to the cloud, from a security point of view?
CFO Thought Leader
FEBRUARY 5, 2025
In retail, we offer an end-to-end point-of-sale solution that can be implemented as a traditional system, a mobile solution, or (on a proprietary) Q-post system. In hospitality, for example, we offer a property management system (PMS) for hotels, where we hold a significant market share in Israel and serve customers internationally.
PYMNTS
JULY 1, 2020
Tokens are incredibly powerful tools to secure data and safely transport it from one point to another. He said tokens are capable of providing a wide world of possibilities beyond their traditional use as just security tools. He also said that what consumers want most keenly in the post-pandemic world is to feel safe and secure.
CFO News Room
JANUARY 19, 2023
But questions remain about how secure and reliable it is when compared to traditional brokerages. These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. SIPC stands for the Securities Investor Protection Corporation. Is Robinhood Safe to Use?
Global Finance
MARCH 5, 2025
Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region. It continued its push into the region in 2016, purchasing Citibanks retail operations in Costa Rica and Panama for $360 million.
PYMNTS
SEPTEMBER 17, 2020
Securities and Exchange Commission ( SEC ) filed an “emergency action” against former NS8 Inc. which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations.
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