article thumbnail

Fashion Retailer rue21 Strikes Deal To Retire Debt

PYMNTS

"Bank of America and Tiger Finance will help provide rue21 with the working capital capacity to support our growth objectives and to continue to provide our loyal customers with a superb omnichannel shopping experience,” Pascoe said. And in November, the company appointed past HSN President Bill Brand to the position of CEO.

Retail 141
article thumbnail

Deliverr Raises $7.1M In Venture Funding Led By 8VC

PYMNTS

According to reports citing the company, the Series A round of venture funding was led by 8VC, the venture capital company. Deliverr has ten warehouses in states including Texas, Missouri, Pennsylvania, Ohio, and New Jersey. million in a round of venture funding. Most warehouses aren’t going to be full.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Metromile Drives Home $191.5M In Funding

PYMNTS

From self-driving cars already turning over engines in Pennsylvania , to Lyft saying close to no one will own a car by 2025 , to IBM’s driverless shuttle , the question remains who will need car insurance. Canada’s Intact Financial and China Pacific Insurance, New Enterprise Associates, First Round Capital, Mitsui and SV Angel.

article thumbnail

Target’s Rapid Reset

PYMNTS

Model and social media celebrity Chrissy Teigen is, in many ways, the perfect brand partner for Target, as evidenced by her recent review of her new kitchen and cookware lines. Unlike her competitor for the title of Generations X’s Martha Stewart, Gwyneth Paltrow, Teigen has built a brand around being accessibly aspirational.

article thumbnail

Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Knowing that Nike and Amazon were in the process of breaking their sales agreement, we tried a third item: a copy of Thomas Piketty’s new book, “Capital and Ideology.” For example, a Walmart distribution center in Lehigh Valley, Pennsylvania has been hit by nine COVID-19 infections so far, and workers have complained to local press. “As

article thumbnail

Chapter 11 Watch: Tough Times For Uniqlo, PacSun Gets Lucky

PYMNTS

The Orange County Register is reporting that Golden Gate Capital (GGC) will assume 100 percent control of the company pending approval, though, with in-store costs upwards of $140 million annually, GGC will clearly still be looking at restructuring. Store Closures. is very important to the company,” Liguori said. “We

article thumbnail

Bankers: Seven Questions to Determine If You Have a Strategic CFO?

Jeff For Banks

The CFO's role then is to make sure that capital is available at the right cost for these choices to be profitable, and that the company has processes and decision making rules for capital allocation to support that growth." At this writing, many bank balance sheets are flush with cash.

Capital 78