Remove 2002 Remove Capital Remove Retail
article thumbnail

Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. Due to the pandemic forcing stores to close, around a million employees of various brands and retailers have been furloughed.

Delaware 160
article thumbnail

Could Retail Job Growth Actually Save Companies Money?

PYMNTS

The news from the Bureau of Labor Statistics (BLS) last week that the retail industry added 48,000 new jobs in March — bringing the increase to 378,000 new jobs over the past 12 months — appears to be positive on a number of fronts. And while the number of retail jobs in the U.S. While it’s reasonable to presume that any U.S.

Retail 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Digital’s 3.0 Shift May Take Longer Than We Think

PYMNTS

There is an out-and-out frenzy to capitalize on the pandemic-fueled digital shift that gave consumers few options for accessing products and services over the last twelve weeks. Yet as successful as they have been and as dominant as their platforms are today, they still represent a fraction of overall payments and retail sales.

article thumbnail

With Five-And-Dime Roots, Five Below’s Still Making It On Main Street In The Amazon Era

PYMNTS

That retailer would be Five Below, which, after opening its doors in 2002, called itself “the Five-and-Dime for the iPod Generation” in a 2011 press release. And, according to a recent Wall Street Journal article, the retailer is thriving — even in the age of eCommerce, and, well, Amazon. The New Five-And-Dime Store.

Maine 139
article thumbnail

Fat Brain Toys Navigates Pandemic With Agile Business Model

PYMNTS

On one side are the manufacturers and retailers that are waiting for the licensed products that drive the big sales. Fat Brain is an independent toy retailer that has navigated the pandemic with an agile business model and an emphasis on learning. Another factor that differentiates Fat Brain from its retail peers is marketing.

Nebraska 142
article thumbnail

Best Buy’s Board Loses Former CEO

PYMNTS

Sometimes, even the brightest LED television screens fade away, and sometimes, the most expensive battery packs that an electronics retailer can stock end up losing their charge. Best Buy announced Tuesday (March 15) that Brad Anderson, former CEO of the organization and current member of its board of directors, is retiring from his position.

article thumbnail

Equifax Names New Executive For USIS Unit

PYMNTS

During Begor’s 35 years at General Electric, Equifax said, he was in charge of multibillion-dollar business units as president and CEO of GE Energy Management from 2014 to 2016, president and CEO of GE Capital Real Estate from 2011 to 2014 and president and CEO of GE Capital Retail Finance (Synchrony Financial) from 2002 to 2011.