Remove 2011 Remove Capital Remove Retail
article thumbnail

The Compliance Beast Of Food Retail Supply Chains

PYMNTS

This is true for any industry, but perhaps even more so in the food retail space, where regulations can be as much about public health and safety as they are about money laundering and fraud. food retail market with the adoption of the Food Safety Modernization Act (FSMA), introduced by legislators in 2009 and signed into law in 2011.

article thumbnail

GameStop's Top Investor Sees Epic Battle With Amazon

PYMNTS

The biggest investor in Dallas-based GameStop has reportedly set his sights on a lofty goal — having the video-game retailer take on the Goliath of eCommerce, Amazon , in an epic battle. In 2011, Cohen started Chewy.com and went on to serve as CEO. In 2017, PetSmart bought the online pet store for nearly $3.4

Video 212
Insiders

Sign Up for our Newsletter

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

article thumbnail

Sears Target Of Reported Takeover Bid

PYMNTS

According to a report from Bloomberg , “Cyrus Capital Partners and a hedge fund run by Sears Chairman Eddie Lampert are preparing a potential joint takeover bid that would keep the bankrupt chain alive.” Sears hasn’t had a profit since 2011, and Lampert has faced criticism that he let the retailer’s brick-and-mortar stores deteriorate.

Report 134
article thumbnail

Funding Could Bring The RealReal To $1B Valuation

PYMNTS

The RealReal , an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 Earlier this year, it was reported that the online retailer was considering an initial public offering (IPO) for later this year.

article thumbnail

nCino Ups Its IPO To As Much As $253M

PYMNTS

“The nCino Bank operating system is a single, multi-tenant cloud platform that digitizes client onboarding, loan origination and deposit account opening across commercial, small business and retail lines of business. Founded in 2011, the company reported $153 million in revenues for the 12 months that ended on April 30. million, or 74.7

article thumbnail

Sears Could Get $350M Loan In Financing Package

PYMNTS

As Sears faces calls to wind down its operations, the retailer is reportedly putting the finishing touches on a deal for $350 million in financing with Great American Capital Partners, along with other lenders. The retailer reportedly chose the proposal from Great American Group, along with partners, over one from hedge funds.

Retail 123
article thumbnail

Gymboree On The Verge of Bankruptcy Filing

PYMNTS

Another retailer may be biting the dust soon. There are talks of children’s clothing retailer Gymboree filing for bankruptcy as soon as June 1 of this year. It appears that Gymboree has fallen victim to the same issue that many other retailers have been facing.

Retail 101