Department Stores

Pier 1 to Wind Down Business Operations

Friday, May 29, 2020 - 10:45pm

Pier 1 Imports, Inc. (OTCPK: PIRRQ) (Pier 1 or the Company) today announced that it has received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia for the Companys planned wind-down of operations.

Key Points: 
  • Pier 1 Imports, Inc. (OTCPK: PIRRQ) (Pier 1 or the Company) today announced that it has received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia for the Companys planned wind-down of operations.
  • This is not the outcome we hoped for when we began this process, and we are deeply saddened to move forward with winding down Pier 1, said Robert Riesbeck, Pier 1s Chief Executive Officer and Chief Financial Officer.
  • We are incredibly grateful to everyone who has supported Pier 1 since the Companys inception nearly 60 years ago, including our committed associates, passionate customers and talented vendors.
  • In connection with the wind-down and as previously announced, Pier 1 intends to sell its remaining assets, including its intellectual property and e-commerce business, pursuant to the bidding procedures established in February 2020.

Pier 1 Provides Details of Court Hearing to Approve Wind‑Down of Business Operations

Friday, May 29, 2020 - 4:04pm

The Company is currently continuing to serve customers through Pier1.com, and orders are being processed and filled.

Key Points: 
  • The Company is currently continuing to serve customers through Pier1.com, and orders are being processed and filled.
  • Kirkland & Ellis LLP and Osler, Hoskin & Harcourt LLP are serving as legal advisors to Pier 1 in the U.S. and Canada, respectively.
  • AlixPartners LLP is serving as the Companys restructuring advisor and Guggenheim Securities, LLC is serving as the Companys investment banker.
  • Founded with a single store in 1962, Pier 1 Imports is a leading omni-channel retailer of unique home dcor and accessories.

Plano Sunglasses Market 2020-2024 | Product Innovation to Boost Growth | Technavio

Friday, May 29, 2020 - 4:15pm

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Key Points: 
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • View the full release here: https://www.businesswire.com/news/home/20200529005315/en/
    Technavio has announced its latest market research report titled Global Plano Sunglasses Market 2020-2024 (Graphic: Business Wire)
    Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.
  • Market estimates include pre- and post-COVID-19 impact on the Plano Sunglasses Market Download free sample report
    The market is moderately fragmented, and the degree of fragmentation will accelerate during the forecast period.
  • Product innovation has been instrumental in driving the growth of the market.

Mastercard Launches Recovery Insights Initiative to Inform Business and Government Economic Response Efforts

Friday, May 29, 2020 - 12:01pm

The initiative draws on Mastercard's analytics and experimentation platforms, its longstanding consulting practice and unique data-driven insights.

Key Points: 
  • The initiative draws on Mastercard's analytics and experimentation platforms, its longstanding consulting practice and unique data-driven insights.
  • As part of this initiative, Mastercard is making certain insight-driven tools available at no cost to governments and select businesses to give a timely snapshot of economic performance.
  • These solutions draw on aggregated and anonymized spending insights to provide an ongoing view of economic health.
  • The Mastercard Recovery Insights initiative will also feature a research series about the short- and long-term impacts of COVID-19 on economies, businesses and people.

Sephora North America Evolves Its Beauty Insider Program

Thursday, May 28, 2020 - 5:40pm

Today, Sephora released the next evolution of its renowned Beauty Insider loyalty program.

Key Points: 
  • Today, Sephora released the next evolution of its renowned Beauty Insider loyalty program.
  • These new Beauty Insider loyalty program changes will go into effect on May 29th across Sephora North America, including Sephora.com.
  • If you arent already a member of Sephoras Beauty Insider loyalty program, please visit Sephora.com to learn more and join, or visit your local Sephora store.
  • Clients can also experience Sephora online and through our mobile app, access the free-to-join Beauty Insider program and digital community, which together enhance the experience of Sephoras passionate clients.

PVH Corp. to Host Conference Call to Discuss First Quarter 2020 Earnings Results

Thursday, May 28, 2020 - 6:00pm

(NYSE:PVH) today announced that it will release its first quarter 2020 earnings results on Thursday, June 11, 2020 after the market closes.

Key Points: 
  • (NYSE:PVH) today announced that it will release its first quarter 2020 earnings results on Thursday, June 11, 2020 after the market closes.
  • PVH will sponsor a conference call on Friday, June 12, 2020 beginning at 9:00 A.M. Eastern Time, hosted by Emanuel Chirico, Chairman and Chief Executive Officer, Stefan Larsson, President, and Michael Shaffer, Executive Vice President and Chief Operating & Financial Officer, to discuss the results.
  • In addition, an audio replay can be listened to for 48 hours, commencing approximately two hours after the call.
  • Therefore, the Companys future results of operations could differ materially from historical results or current expectations, as more fully discussed in its SEC filings.

Capri Holdings Provides Update on Phased Reopening of Global Stores

Thursday, May 28, 2020 - 2:00pm

Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today provided details on the companys phased reopening plan for its global store operations.

Key Points: 
  • Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today provided details on the companys phased reopening plan for its global store operations.
  • Currently, slightly more than half of the companys global retail fleet of stores are open.
  • Sales at reopened stores are approximately 50% of prior year volumes since reopening as compared to the same period last year.
  • To support the health and safety of employees and customers as stores reopen, Capri Holdings has implemented new health and safety procedures.

Bluecore Raises $50M to Accelerate New AI Applications

Thursday, May 28, 2020 - 1:30pm

Its current AI applications are able to auto-generate completely personalized email campaigns by curating products, content, and offers, specific to each shopper a brand interacts with.

Key Points: 
  • Its current AI applications are able to auto-generate completely personalized email campaigns by curating products, content, and offers, specific to each shopper a brand interacts with.
  • In 2019, Bluecore migrated to a completely success-driven pricing model, where clients pay solely based on traffic and conversions generated by the AI.
  • These successes have motivated Bluecore to accelerate the development of more advanced AI applications, built upon the predictive models it is known for.
  • Bluecore describes its general investment area as not only in AI, but as the overall improvement of the performance of its decisions.

JCPenney Reopens 150 Additional Stores Across U.S. with Emphasis on Safety Precautions and Engaging Shopping Experiences

Thursday, May 28, 2020 - 1:45pm

Weve now reopened a third of our stores and plan to have nearly 500 reopened by June 3.

Key Points: 
  • Weve now reopened a third of our stores and plan to have nearly 500 reopened by June 3.
  • To do this, were operating differently and taking a strategic and consistent approach, keeping associate and customer safety as our top priority, said Jim DePaul, executive vice president of stores at JCPenney.
  • Feedback has been overwhelmingly positive as we reopen our doors, focused primarily on our enhanced safety measures.
  • JCPenney is also offering designated shopping hours for at-risk customers at all stores on Wednesdays and Fridays from 11 a.m. to noon.

Trinity Place Holdings Inc. to Hold Virtual 2020 Annual Meeting of Stockholders

Wednesday, May 27, 2020 - 9:20pm

We have designed the format of the 2020 Annual Meeting to provide stockholders the same rights and opportunities to participate as they would at an in-person meeting.

Key Points: 
  • We have designed the format of the 2020 Annual Meeting to provide stockholders the same rights and opportunities to participate as they would at an in-person meeting.
  • As described in the previously-distributed proxy materials for the 2020 Annual Meeting, you are entitled to attend and vote at the 2020 Annual Meeting if you held shares of our Common Stock as of the close of business on the record date, April 27, 2020.
  • The items of business are the same as set forth in the Notice of Annual Meeting of Stockholders and Proxy Statement, dated April 29, 2020, previously mailed or made available to stockholders entitled to vote at the 2020 Annual Meeting.
  • We will answer questions during the 2020 Annual Meeting that are pertinent to the Company as time permits and in accordance with our rules of conduct for the 2020 Annual Meeting.