Corporate Finance

Articles that cover finance, results and capital investments in retail.

  1. Corporate Finance
While retailers typically put a significant emphasis on post-holiday sales, they didn’t resonate with shoppers after the 2023 holiday season. During the week after Christmas, year-over-year sales were down across the board, with only computer software sales seeing an increase from 2022. Department stores, cosmetics stores and clothing stores saw some of the largest declines, […]
  1. Corporate Finance
Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending. In a statement released on Monday, the Ohio-based company said it filed for Chapter 11 bankruptcy protection and has secured $132 million in funding with most of its financial stakeholders that helps reduce its […]
  1. Corporate Finance
Parfetts has announced turnover leapt 6.7% to £646m in its latest annual results. The employee-owned wholesaler said it has rewarded staff over the year with a record 10% pay rise and an overall 14% bonus. The Stockport-headquartered company attributed the success to focusing on increasing… This story continues at Developments in Parfetts’ retail offering boosts […]
  1. Corporate Finance
As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and other parties that includes commitments for approximately $132 million in new financing. The 800+-store crafts retailer has initiated voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of […]
  1. Corporate Finance
WASHINGTON – To kick off the 2024 Annual Meat Conference, the Meat Institute and FMI – The Food Industry Association announced 10 winners for the 2024 Leaders of Tomorrow Program. The winners are: Kaylee Russell, Tyson Foods; Michael Yeater, Albertsons Companies; Tammy Gonzales, Cargill; Mike Van Drie, SpartanNash Co.; Nicole Koch, Seaboard Foods; Liz Holt Welnhofer, Pre Brands; Hillary Niblock, Superior Farms; Marie-Pier Labarre, Cascades; Zachary Stadler, Associated Wholesale […]
  1. Corporate Finance
The New York Times had a piece over the weekend about how young people, largely because of the impact of TikTok and other social media sites, have turned Sephora into a “retailer of choice.” According to the story, “Teenagers in the United States have said Sephora is their favorite beauty retailer, surpassing Ulta, according to […]
  1. Corporate Finance
“A lot of business cases, they depend on internal efficiency gains. But if you don’t measure this … then it will never lead to project success or success on the digital shelf … Have a measuring mindset.”            — Ilse Goverts-van Kesteren, Lead Business Consultant, Wunderman Thompson When Wunderman Thompson asked […]
  1. Corporate Finance
In today’s dynamic world of retail, the spotlight remains on artificial intelligence (AI) — and for good reason. AI is undoubtedly transformative, reshaping the future of retail. In addition to AI, other technologies are also making significant strides. Radio-frequency identification (RFID), replacing barcodes, revolutionizes supply chain and inventory management. Video analytics leverages computer vision to […]
  1. Corporate Finance
ACS (the Association of Convenience Stores) has praised the work that local shops in Wales do in their communities as part of the launch of the 2024 Welsh Local Shop Report. At the launch of the report last week in the Senedd (the Welsh Parliament),… This story continues at Welsh c-stores commended for job creation, […]
  1. Corporate Finance
Successful leaders, teams and companies that endure over the long run seek to find ways to balance, unite and integrate opposing dualities into a harmonic and flexible approach that leverage opposing tendencies without merging or averaging them. Here are three key dualities we should all become masters of managing whether it be personally or for […]
  1. Corporate Finance
  If success does leave clues, then failure leaves many as well.  Regular readers of this blog know that Boston Market, once a pioneer of rotisserie chicken and home-style meals, finds itself facing a slow fade. This isn’t the first time a seemingly established brand has fallen from grace. The story of Boston Market’s decline […]
  1. Corporate Finance
Ulta Beauty, which posted strong financial results for 2023, will move into Mexico next year as part of a joint venture with global brands operator Axo. The retailer’s $11.2 billion in net sales for FY 2023, which ended Feb. 3, 2024, was 9.8% higher than the previous year, fueled by a comparable sales rise of […]
  1. Corporate Finance
Dick’s Sporting Goods posted strong results in fiscal 2023, which ended Feb. 3, 2024, with $13 billion in net sales, 5% higher than the previous year, and a 2.4% increase in comp store sales. For the coming fiscal year, the retailer is planning $800 million in CapEx expenditures to fund a major brick-and-mortar expansion that […]
  1. Corporate Finance
It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco, Under Armour, Fossil Group and, as Retail TouchPoints previously reported, Allbirds. Former Best Buy COO to Lead Petco While CEO Search Gets Underway Ron Coughlin — who led Petco through […]
  1. Corporate Finance
In the contemporary digital landscape, the seamless exchange of data isn’t merely a convenience; it’s an imperative for businesses committed to achieving operational excellence. At the core of this data ecosystem are APIs that connect different systems and enable efficient communication. Among them, conversion APIs stand out as powerful tools proficient in translating data across […]
  1. Corporate Finance
RTIH Editor, Scott Thompson, brings you his top ‘future of retail’ systems launches and deployments from the past week, including Jisp, Walmart, Global Fashion Agenda, PDS Ventures, Pinterest, the Retail Trust, and The Very Group. Jisp In a review of its Scan & Save app’s performance through February, Jisp says it found that the total […]
  1. Corporate Finance
Increasing customer loyalty is always top of mind for retailers. Loyal customers spend more money at their favorite businesses, patronize shops more often, and promote the brands they love to other consumers in their networks. To create loyal customers, forward-thinking retailers can utilize the tried-and-true gift card to engage customers and enhance buying experiences. In […]
  1. Corporate Finance
Consumers want convenience, personalization and value — it’s what pushed the U.S. retail market to a record $5.13 trillion in 2023. As inflation subsides, what shoppers want and how they spend will keep playing a big role in how the market evolves. Retailers need to keep pace with a more connected, savvy and discerning customer […]
  1. Corporate Finance
Consumers love paying with installment plans. A recent report confirms that 60 percent of shoppers over the past year chose to pay for their purchases with interest-free installments, and most of those shoppers (45 percent) chose to do so with their own general-purpose credit cards. Even though the consumer is clearly voting with their wallets […]
  1. Corporate Finance
WASHINGTON — Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.) joined pharmacy advocates from the across the country at a rally on Capitol Hill this morning to press members of Congress to pass meaningful PBM reform as soon as possible. Wyden and Crapo, the chairman and ranking member of the Senate Finance Committee, […]
  1. Corporate Finance
MNB reader Karl Graff emailed me about yesterday’s story concerning the staff of a Wisconsin Dollar General store that quit en masse, and my comment that “dollar stores in general have a reputation for cutting corners wherever and whenever possible, with low staffing levels that put enormous stress on the folks who do work there.  […]
  1. Corporate Finance
Alternative data can help investors increase conviction around unit economics, competition, and strategic initiatives for their long term holdings. Our Instacart (CART) research is a perfect example of differentiated granularity into fees, competition and SNAP benefit usage on the platform. Average Discount as % of AOV (pre-discount) Average Fees as % of AOV (pre-discount) Our […]
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  1. Corporate Finance
Target reported Q4 and 2023 financial results at its annual investor day on March 5, 2024. Quarterly comp performance improved sequentially from Q2 to Q4, but 2023 ended with comps down -3.7%. Profitability outperformed expectations as the company realized $2B of operating income growth in 2023 and reported notable gross margin improvements. The stock was […]

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