Technology & Innovation Serta Simmons Seeks to Improve Inventory and Supply Chain Planning with New Tech Mattress retail conglomerate Serta Simmons Bedding (SSB) — the owner of brands including Serta, Simmons, Beautyrest and Tuft & Needle — is working to transform its supply chain planning capabilities through a new partnership with Blue Yonder. By integrating Blue Yonder’s SaaS-based Integrated Demand and Supply Planning solutions into its existing Advanced Planning System (APS), SSB hopes to improve […] Retail TouchPoints March 18, 2023March 18, 2023 2 min read Technology & InnovationAIOperations & Supply ChainStrategyPartnershipsBankruptcyShoppersResults & InvestmentPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Corporate Strategy GNC’s chief executive officer left in January, won’t be replaced Josh Burris, who joined the supplement retailer in 2019, took over as CEO two years ago just after it exited bankruptcy with new ownership. RetailDive March 16, 2023March 16, 2023 < 1 min read ExecutivesBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Boxed considers filing for bankruptcy The e-commerce company, which sells bulk-sized pantry items and runs a fresh grocery delivery business in the New York City area, is facing tension with lenders amid a tightening cash position. Grocery Dive March 16, 2023March 16, 2023 < 1 min read DeliveryBankruptcyDept. Fresh 0 Saving Bookmark this article Bookmarked
Corporate Finance Joann shores up liquidity ahead of Q4 report The crafts retailer, which made Retail Dive’s bankruptcy watchlist last year, has seen sales fall and costs rise after a pandemic boom. RetailDive March 13, 2023March 13, 2023 < 1 min read COVID19Bankruptcy 0 Saving Bookmark this article Bookmarked
Shopper & Customer Growing Business After an Economic Boom The pandemic years were boom times for numerous sectors of the economy, including home and bedding, furniture, and home workout brands. In a short period of time, Americans spent $118 billion spiffing up their homes (some categories of home goods, such dishwashers, spiked 4000 percent). Home sales also spiked as people sought more space. But […] Tom Quish March 13, 2023March 13, 2023 4 min read ConsumersShoppersEconomyCustomer ExperiencePartnershipsStrategyDept. NonfoodCOVID19BankruptcyPredictions and ForecastsExecutivesSustainabilityReturnsDept. Adult BevDept. ApparelDept. Toys & GamesPhilanthropyMeta (Facebook)MerchandisingMarketing: UGCMarketing: SocialMarketing: In StoreOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Corporate Finance Tuesday Morning Receives $12.5M in New Debtor-in-Possession Financing Off-price home goods retailer Tuesday Morning, which filed for bankruptcy in February 2023, has received $12.5 million in debtor-in-possession (DIP) financing from 1903 Partners LLC together with its affiliates, Gordon Brothers. The additional funding brings Tuesday Morning’s DIP commitments to a total of $27 million. “After careful deliberation, we have determined that partnering with Gordon […] Retail TouchPoints March 12, 2023March 12, 2023 < 1 min read BankruptcyOperations & Supply ChainPartnershipsBrick and MortarResults & InvestmentPricing & PromotionsExecutivesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Mass How Private Label Brands Create Affordable Joy Recently, Procter & Gamble indicated that it would continue to raise prices even though lack of consumer demand – due to increased prices – was responsible for half of its sales decreases. P&G’s CFO indicated that the packaged goods behemoth’s focus on continuing price hikes would be acceptable to consumers because, after all, people still […] Branding Strategy March 7, 2023March 7, 2023 6 min read Owned Brands (Private Label)TargetConsumersShoppersDept. GroceryMarketing: BrandWalmartStrategyWhole FoodsEconomyResults & InvestmentExecutivesSustainabilityProcter & GambleDept. NonfoodAmazonDept. BeverageInternationalTechnology & InnovationPredictions and ForecastsConsultingUnileverDept. LaundryKrogerMerchandisingBrick and MortarCOVID19Dept. FrozenBankruptcyPublixDept. HBCPricing & PromotionsDept. ApparelESG and CSRThick DataOperations & Supply ChainTrends: Food and BeverageAldi 0 Saving Bookmark this article Bookmarked
Corporate Finance J.C. Penney hasn’t had to release its finances since 2020. Here’s how the retailer is doing. The department store insists it’s on a “strong financial footing,” but filings show ongoing volatility under its post-bankruptcy ownership. RetailDive March 6, 2023March 7, 2023 < 1 min read Results & InvestmentBankruptcy 0 Saving Bookmark this article Bookmarked
Corporate Finance A Bargain Hunter’s Guide to Buying Liquidation Pallets Whether you’re a small business owner or a savvy investor, buying liquidation pallets can be a great way to get high-quality merchandise at a fraction of the price. Many investors make a living buying liquidation pallets, and so can you as long as you’re investing the right way. How to Find and Buy Quality Liquidation […] Retail Minded February 24, 2023February 24, 2023 3 min read BankruptcyTechnology & InnovationMarketing: UGCAmazonShoppersBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Finance Party City to Close 22 Stores as Part of Bankruptcy Slim-Down Party City Holdco, parent company of Party City, will close 22 underperforming stores as part of its Chapter 11 reorganization. The retailer’s plans were revealed in court documents filed with the U.S. Bankruptcy Court for the Southern District of Texas earlier this month, and the move could presage additional store closings as the retailer seeks […] Retail TouchPoints February 23, 2023February 23, 2023 < 1 min read BankruptcyBrick and MortarConsumersResults & InvestmentOperations & Supply ChainESG and CSREconomyCOVID19 0 Saving Bookmark this article Bookmarked
Stores & Formats Party City plans to close 22 stores in bankruptcy Twelve of the locations are already up for auction, and the total number of closures could change as the retailer continues to evaluate its footprint. RetailDive February 17, 2023February 17, 2023 < 1 min read Brick and MortarBankruptcy 0 Saving Bookmark this article Bookmarked
Corporate Finance Tuesday Morning says lenders’ actions contributed to Chapter 11 The company, which is preparing to close hundreds of stores, said when Wells Fargo increased its reserves, the move “effectively eliminated” the retailer’s operating liquidity. RetailDive February 16, 2023February 16, 2023 < 1 min read BankruptcyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Finance Tuesday Morning Files Chapter 11 for the 2nd Time in 3 Years Off-price home good and décor retailer Tuesday Morning announced it’s filing for Chapter 11 bankruptcy protection. The company is “pursuing a financial and operational reorganization to enable it to reduce its outstanding liabilities, obtain significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner,” according to a […] Kristina Stidham February 15, 2023February 15, 2023 < 1 min read BankruptcyResults & InvestmentBrick and MortarOperations & Supply ChainCOVID19AcquisitionStrategyDept. NonfoodDept. Sporting goodsPredictions and ForecastsPress Release 0 Saving Bookmark this article Bookmarked
Corporate Finance Tuesday Morning files for Chapter 11, again In its second bankruptcy filing since 2020, the discount retailer is planning to shrink its store footprint further and refocus on high-traffic stores. RetailDive February 14, 2023February 14, 2023 < 1 min read BankruptcyStrategyStore LocationBrick and Mortar 0 Saving Bookmark this article Bookmarked
Operations & Supply Chain Why Fashion Brands Need to Reduce Inventory to Survive the Impending Recession The last two years have been a roller coaster for fashion brands. The supply chain disruptions of 2021 led to many merchants struggling to get their hands on enough inventory, and then overbuying to compensate. Now, with an economic downturn looming and the threat of reduced spending increasing, retailers that overstocked during the pandemic are […] Mark Hook February 13, 2023February 13, 2023 3 min read Operations & Supply ChainDept. ApparelEconomyStrategySustainabilityTargetData & InsightsTechnology & InnovationPricing & PromotionsMerchandisingThick DataShoppersMarketing: TradePredictions and ForecastsCOVID19WalmartExecutivesESG and CSRMarketing: SocialBankruptcy 0 Saving Bookmark this article Bookmarked
Retail Ecosystem Prof G Markets: The AI Wars, Bed Bath & Beyond’s Share Sale, and Scott’s Options Trade This week on Prof G Markets, Scott breaks down the state of play in the AI wars as Microsoft and Google compete in a lightning fast hype cycle. Then Scott breaks down why institutional investors would pour more money into Bed Bath & Beyond when it’s on the brink of bankruptcy, and why he made […] The Prof G Show February 13, 2023February 13, 2023 < 1 min read Technology & InnovationPodcastsBed Bath & BeyondGoogleBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Grocery Reuters: Kroger and Albertsons Seek Sale of Up to 300 Stores to Ease Merger Concerns Kroger and Albertsons Companies are reportedly working on plans to sell between 250 and 300 of their combined 4,996 stores in order to alleviate U.S. antitrust concerns regarding their merger, people familiar with the matter told Reuters. The move is aimed at easing regulators’ concerns that the deal could lead to grocery price hikes during […] Retail TouchPoints February 11, 2023February 11, 2023 2 min read Albertsons / SafewayKrogerBrick and MortarMergersGovernmentCompetitionLegal & CriminalAhold DelhaizeDivestituresTechnology & InnovationResults & InvestmentPricing & PromotionsOperations & Supply ChainMarketing: TradeAmazonEconomyCostcoConsumersBankruptcyWalmartDept. Grocery 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens acquires Medly Health DEERFIELD, Ill. — Walgreens confirmed Wednesday it has purchased Medly Health, a digital pharmacy business, which could lead to the closure of all 22 Pharmaca Integrative Pharmacies. Medly Health, the Brooklyn, New York-based company, which filed for bankruptcy in December, reported it had $110 million in secured debt. On Tuesday, Walgreens’ deal to purchase the […] MMR February 10, 2023February 10, 2023 < 1 min read WalgreensHealth & WellnessAcquisitionBankruptcyDept. PharmacyStore LocationOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond came very close to going out of business Bed Bath & Beyond was on the verge of liquidating its business before it struck a deal with a hedge fund to avoid bankruptcy. Lenders to the chain were reported to be in favor of liquidating the business but were convinced to hold back when told of the human cost — 30,000 people out of […] RetailWire February 9, 2023February 9, 2023 < 1 min read Bed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
Corporate Finance Bed Bath & Beyond seeks $1B to avoid bankruptcy The investor deal comes as the beleaguered home goods retailer ushers in a new interim CFO with experience in turnarounds. RetailDive February 8, 2023February 8, 2023 < 1 min read Bed Bath & BeyondBankruptcyExecutivesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond Lines Up Funding to Avoid Bankruptcy, Closing 150 More Stores Bed Bath & Beyond is expecting to receive more than $1 billion in equity from a stock offering it hopes will stave off bankruptcy and liquidation, reports CNBC. The beleaguered home goods retailer will receive $225 million in the offering upfront plus an additional $800 million in proceeds over time, it said. Bed Bath & Beyond also […] Kristina Stidham February 7, 2023February 7, 2023 2 min read Bed Bath & BeyondBankruptcyExecutivesBrick and MortarData & InsightsLegal & CriminalOperations & Supply ChainDept. NonfoodPartnershipsPress ReleaseResults & InvestmentStrategy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy [[“value”:”Bed Bath & Beyond has been on the verge of bankruptcy but bought some time with a public stock offering that’s expected to bring in more than $1 billion.”]] CNBC February 7, 2023February 7, 2023 < 1 min read Bed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
Media & Marketing Forever 21 is opening new stores and getting noticed on TikTok Forever 21 closed more than 200 stores after being acquired out of bankruptcy in 2020 by Authentic Brands Group, Simon Property Group and Brookfield Property Group. The retailer has since gotten its financial act in order, enabling it open new locations and promote its business. The chain can tie some of its success to its […] RetailWire February 7, 2023February 7, 2023 < 1 min read TikTokMarketing: SocialBrick and MortarConsumersResults & InvestmentBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond to sell stock and tap credit line to pay bills Bed Bath & Beyond is looking to raise over $1 billion in funds to continue operating its business through a public offering of the company’s stock and by tapping into its $100 million credit line. The retailer is looking to avoid having to pursue Chapter 11 bankruptcy with its latest moves. RetailWire February 7, 2023February 7, 2023 < 1 min read Bed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
Technology & Innovation Female Founder Showcase with FindMine’s Michelle Bacharach and Grocery Shopii’s Katie Hotze We’re back with another insightful episode recorded at last month’s NRF “Big Show.” This time our focus is on how entrepreneurs bring their ideas to market, secure venture capital funding, and fight through all the challenges to create a sustainable, remarkable business. We’re fortunate to have two great female founders join us to share their […] Remarkable Retail Podcast February 7, 2023February 7, 2023 3 min read Technology & InnovationMarketing: SocialIndustry Conferences and EventsData & InsightsPodcastsStrategyAIExecutivesAmazonResults & InvestmentConsumersDept. GroceryTwitterInternational - North AmericaConsultingBankruptcySustainabilityESG and CSRMarketing: Direct & Personalization 0 Saving Bookmark this article Bookmarked
Stores & Formats Bed Bath & Beyond closing 87 more stores NEW YORK —Bed Bath & Beyond said today it is closing an additional 87 stores, as the retailer seeks to consolidate its assets ahead of a possible bankruptcy filing. The company confirmed the closures in a statement, adding it was also closing all Harmon health and beauty store locations. “As we work with our advisors […] MMR February 2, 2023February 2, 2023 < 1 min read Brick and MortarBed Bath & BeyondDept. HBCHealth & WellnessBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond Shutters Remaining Harmon Stores; Media Reports Say Search for a Buyer Stalled Bed Bath & Beyond will reportedly shutter its 50 remaining Harmon stores in addition to 87 Bed Bath & Beyond locations and five buybuy BABY shops. Additionally, efforts to find a buyer ahead of its potential bankruptcy filing have reportedly stalled, people familiar with the matter told Bloomberg News. The store closures are in addition […] Retail TouchPoints January 30, 2023January 30, 2023 < 1 min read Bed Bath & BeyondBrick and MortarBankruptcyOperations & Supply ChainShoppersResults & InvestmentPartnershipsDept. Fresh 0 Saving Bookmark this article Bookmarked
Department: Food Your Views: Crouch Cushions We took note last week of a Boston Globe story about Addie’s, a new independent pickup-only grocery store that has opened in Norwood, Massachusetts, about 20 miles south of Boston. Addie’s goal is to open 2,000 stores in 10 years, which led me toi comment: I would suggest that McQuade check out a company called […] MorningNewsBeat January 30, 2023January 30, 2023 2 min read ShoppersDept. GroceryStrategyMarketing: Loyalty & SubscriptionTechnology & InnovationResults & InvestmentPredictions and ForecastsDept. PerimeterDept. FreshData & InsightsCOVID19Brick and MortarBOPISBed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other Bed Bath & Beyond can’t pay its bills Bed Bath & Beyond yesterday warned that it does not have sufficient cash to pay down its debts. The retailer defaulted on a credit line with JP Morgan and said in a securities filing that it is considering “all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code.” RetailWire January 28, 2023January 28, 2023 < 1 min read Bed Bath & BeyondBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Specialty & Other As it inches toward bankruptcy, Bed Bath & Beyond defaults on loan The distressed home goods retailer said it doesn’t have enough cash to pay down its debts. RetailDive January 28, 2023January 28, 2023 < 1 min read Bed Bath & BeyondBankruptcyDept. Nonfood 0 Saving Bookmark this article Bookmarked
Technology & Innovation Corporate Strategy Corporate Finance Partnerships & Alt Profit Media & Marketing Agencies & Vendors Data & Insights International Shopper & Customer Technology & Innovation aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero. Financial terms of the deal were not disclosed, other than it being all cash. The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea. […] Written by Retail Technology Innovation Hub March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation The Daily QuickWit (3/17): The Top Retail News The top retail news and most read stories in commerce. Written by RetailWit March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit Partnerships & Alt Profit Shopper & Customer Technology & Innovation Kroger lands deal for self-driving truck deliveries Get ready because the empty truck cabs in motion are coming. Gatik, which is involved in autonomous middle-mile logistics, has announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. The operations will launch in a few weeks. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from […] Written by Supermarket News March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
CPG: Food Channel: Grocery Department & Category Department: Beverage Department: Food Corporate Strategy Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Owned Brands (Private Label) Albertsons Redesigns and Expands Open Nature Own Label Line Albertsons yesterday unveiled what it said was “the redesign of its Open Nature brand as the company strives to become the brand of choice for those health-conscious shoppers seeking a more balanced lifestyle. Open Nature, which is part of Albertsons Cos. Own Brands portfolio, provides shoppers with tasty foods made with thoughtfully chosen ingredients that […] Written by MorningNewsBeat March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
Stores & Formats Corporate Finance Trends & External Forces Associates & Employees Stores & Formats Dollar General investing $100M in its stores, with a focus on boosting labor Dive Brief: Dollar General posted net sales of $10.2 billion during the fourth quarter of 2022, a figure that was up 17.9% compared with the same period in 2021, the discount retail chain reported Thursday. Comparable-store sales rose 5.7% year-over-year in Q4, while operating profit was up 17.1%. CEO Jeff Owen said Dollar General intends to invest about […] Written by Grocery Dive March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked