Stein Mart

Crunch Fitness White Station Flexes its Muscles by Providing Jobs and Catalyzing Activity at Nearby Businesses

Retrieved on: 
Monday, February 13, 2023

MEMPHIS, Tenn., Feb. 13, 2023 /PRNewswire/ -- Crunch Franchise celebrated their official ribbon cutting at its newest location, Crunch White Station.

Key Points: 
  • MEMPHIS, Tenn., Feb. 13, 2023 /PRNewswire/ -- Crunch Franchise celebrated their official ribbon cutting at its newest location, Crunch White Station.
  • A $5 million, 40,000-square-foot fitness facility, with $1 million dollars worth of state-of-the-art equipment nestled on White Station Road in Memphis, TN.
  • Crunch White Station, a 40,000 SF fitness facility, which was built in record time has since been drumming up foot traffic and catalyzing activity at nearby businesses.
  • Crunch Fitness also provided jobs to over 70 team members and is one of the newest employers serving as a boost for White Station's local economy by attracting more activity and businesses to the area.

Belk Adds MaryAnne Morin as New President and Chief Merchandising Officer

Retrieved on: 
Tuesday, October 25, 2022

CHARLOTTE, N.C., Oct. 25, 2022 /PRNewswire/ -- Belk is strengthening the company's senior leadership team with the addition of MaryAnne Morin as President and Chief Merchandising Officer.

Key Points: 
  • CHARLOTTE, N.C., Oct. 25, 2022 /PRNewswire/ -- Belk is strengthening the company's senior leadership team with the addition of MaryAnne Morin as President and Chief Merchandising Officer.
  • Morin, who joins the organization October 26th, will lead the company's merchandising, planning, and private brands teams.
  • Morin brings an experienced background in strategy and innovation from her retail career which spans more than three decades.
  • Today, Belk serves customers at nearly 300 Belk stores in 16 Southeastern states, at belk.com and through the mobile app.

Tuesday Morning Announces Closing of Strategic Investment from Group Led by Retail Ecommerce Ventures, the Owner of Pier 1 Imports and Top Consumer Brands

Retrieved on: 
Wednesday, September 21, 2022

DALLAS, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUEM) (“Tuesday Morning” or the “Company”), a leading off-price retailer of home goods and décor, today announced the closing of its strategic transaction (the "Transaction") to secure $35 million in convertible debt financing. The Transaction includes a $32 million investment from a special purpose vehicle (“SPV”) formed by Ayon Capital, LLC (“Ayon”) and Retail Ecommerce Ventures LLC (“REV”), which is the owner of a diverse portfolio of consumer brands that includes Pier 1 Imports (“Pier 1”), Linens ‘n Things, Stein Mart and Modell’s Sporting Goods. The Transaction also includes $3 million provided by certain members of Tuesday Morning’s management team, including Chief Executive Officer Fred Hand.

Key Points: 
  • Tuesday Morning intends to establish a dynamic online presence and execute a digital strategy for new customer acquisition to complement the Companys 487 stores.
  • Tuesday Morning will now have access to REVs fulfillment network, systems, technology and website development capabilities, which will support the Companys omni-channel offering and operations.
  • The Company also plans to leverage a new, exclusive channel licensing agreement with REV to start selling Pier 1 products and launch Pier 1 outposts in select stores.
  • There is tremendous long-term opportunity for Tuesday Morning in the home goods and dcor category, particularly as more homeowners and renters embrace online channels.

Jennifer A. Lewellyn Joins Tiger Group as Associate Director of Retail Operations

Retrieved on: 
Thursday, September 15, 2022

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Jennifer A. Lewellyn, a 22-year retail veteran with experience in both managing healthy stores and liquidating underperforming locations, has joined Tiger Group as Associate Director of Retail Operations.

Key Points: 
  • 22-year retail-industry veteran brings extensive management and consulting experience, including collaborating with Tiger on hundreds of store closures
    NEW YORK, Sept. 15, 2022 /PRNewswire/ -- Jennifer A. Lewellyn, a 22-year retail veteran with experience in both managing healthy stores and liquidating underperforming locations, has joined Tiger Group as Associate Director of Retail Operations.
  • Based in Pittsburgh, Lewellyn will provide operational input and data to Tiger's retail dealmaker team during the due-diligence phase.
  • In the asset-based lending sector, Lewellyn's retail consulting experience has included multiple collaborations with Tiger Group.
  • "Managing teams and projects all over the United States and Canada, Jennifer has a strong track record of successfully implementing efficient strategies for retail store closures and liquidations," said Tiger Group COO Michael McGrail .

Tuesday Morning Secures Commitment for Strategic Investment from Group led by Retail Ecommerce Ventures, the Owner of Pier 1 Imports and Top Consumer Brands

Retrieved on: 
Friday, September 9, 2022

DALLAS, Sept. 09, 2022 (GLOBE NEWSWIRE) -- Tuesday Morning Corporation (NASDAQ: TUEM) (“Tuesday Morning” or the “Company”), a leading off-price retailer of home goods and décor, today announced that it has entered into an agreement to secure $32 million in convertible debt financing from a special purpose vehicle (“SPV”) formed by Retail Ecommerce Ventures LLC (“REV”), the owner of a diverse portfolio of consumer brands that includes Pier 1 Imports (“Pier 1”), Linens ‘n Things, Stein Mart, Modell’s Sporting Goods, and Ayon Capital, LLC (“Ayon”). Additionally, certain members of Tuesday Morning’s management team, including Chief Executive Officer Fred Hand, are providing $3 million in convertible debt financing.

Key Points: 
  • REV, founded by Tai Lopez and Alex Mehr in 2019, has significant experience acquiring retail brands and partnering with management teams to deploy ecommerce-focused strategies.
  • We look forward to making our transformation expertise, technology capabilities and the Pier 1 brand available to the Company.
  • Our experienced and proven team is the right partner at the right time for Tuesday Morning.
  • By making this significant investment, we are excited to be part of the next chapter at Tuesday Morning, including its loyal customers and wonderful employees.

Crunch Franchise Announces Second of Five New Locations in Memphis, Tennessee

Retrieved on: 
Thursday, September 8, 2022

MEMPHIS, Tenn., Sept. 8, 2022 /PRNewswire/ -- Crunch Franchise today announced the opening of Crunch Cordova this winter, the second of five new Memphis Crunch Fitness locations set to open amidst Crunch's rapid and aggressive expansion into this area.

Key Points: 
  • MEMPHIS, Tenn., Sept. 8, 2022 /PRNewswire/ -- Crunch Franchise today announced the opening of Crunch Cordova this winter, the second of five new Memphis Crunch Fitness locations set to open amidst Crunch's rapid and aggressive expansion into this area.
  • Crunch Cordova will follow the opening of Crunch White Station this fall, each creating up to 100 new jobs in the community.
  • Members looking for assistance reaching their goals will have access to our staff of highly experienced Personal Trainers.
  • We are coming into the market with multiple locations and will be announcing additional locations in the coming months," stated CEO Brian Hibbard.

Crunch Franchise Announces Memphis, Tennessee Expansion

Retrieved on: 
Tuesday, August 9, 2022

MEMPHIS, Tenn., Aug. 9, 2022 /PRNewswire/ -- Crunch Franchise today announced it will be expanding throughout the Memphis trade area with its first location being placed in White Station.

Key Points: 
  • MEMPHIS, Tenn., Aug. 9, 2022 /PRNewswire/ -- Crunch Franchise today announced it will be expanding throughout the Memphis trade area with its first location being placed in White Station.
  • Crunch White Station will be a $5 million, 50,000-square-foot fitness facility, with $1 million dollars' worth of state-of-the-art equipment.
  • Crunch White Station will be the largest gym in Memphis and will be located in a newly renovated space at 827 S. White Station Rd, previously occupied by Stein Mart.
  • Crunch serves a fitness community for all kinds of people, with all types of goals, exercising all different ways, working it out at the same place together.

Bodybuilding.com Forms Partnership with Retail Ecommerce Ventures

Retrieved on: 
Saturday, July 2, 2022

LOS ANGELES, July 1, 2022 /PRNewswire/ -- Bodybuilding.com, the world's largest online fitness store, has struck a deal to partner with Retail Ecommerce Ventures (REV), a global leader in ecommerce with a rapidly growing roster of well-known brands.

Key Points: 
  • LOS ANGELES, July 1, 2022 /PRNewswire/ -- Bodybuilding.com, the world's largest online fitness store, has struck a deal to partner with Retail Ecommerce Ventures (REV), a global leader in ecommerce with a rapidly growing roster of well-known brands.
  • REV's all-star team of e-commerce veterans will bring their deep domain expertise into substantial operational roles within Bodybuilding.com and help build upon the company's considerable online footprint.
  • This partnership marks yet another high-profile deal for REV, whose mission is to transform iconic legacy brands into ecommerce success stories.
  • "We are thrilled to welcome Retail Ecommerce Ventures into the Bodybuilding.com family", said Karl Walsh, CEO of Bodybuilding.com.

B. Riley Enhances Retail Solutions Leadership with Addition of Timothy J. Shilling

Retrieved on: 
Thursday, June 30, 2022

LOS ANGELES, June 30, 2022 /PRNewswire/ -- B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm's strategy and growth across the retail sector.

Key Points: 
  • LOS ANGELES, June 30, 2022 /PRNewswire/ -- B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions.
  • B. Riley Retail Solutions CEO Scott Carpenter commented: "Tim is a recognized leader whose expertise complements our platform's core focus across retail.
  • Tim Shilling,Executive Vice President of B. Riley Retail Solutions, said: "I'm very excited to join the B. Riley team at this unique time for the retail sector.
  • B. Riley Retail Solutions is a subsidiary of B. Riley Financial.

A Former Stein Mart will become Baton Rouge's Largest Fitness Center

Retrieved on: 
Tuesday, April 19, 2022

BATON ROUGE, La., April 19, 2022 /PRNewswire/ -- Crunch Franchise announces the Grand Opening of Crunch Baton Rouge, a $5 million, 40,000-square-foot fitness facility in the heart of Baton Rouge. Crunch Baton Rouge is owned by seasoned fitness veterans Brian Hibbard and John Armatas, who own 21 additional Crunch locations nationwide. The new Crunch is located at 9618 Airline Hwy, in a renovated space where the former Stein Mart space used to be, with $1 million dollars' worth of state-of-the-art fitness equipment. The facility will be open 24 hours.

Key Points: 
  • BATON ROUGE, La., April 19, 2022 /PRNewswire/ -- Crunch Franchise announces the Grand Opening of Crunch Baton Rouge, a $5 million, 40,000-square-foot fitness facility in the heart of Baton Rouge.
  • Crunch Baton Rouge is owned by seasoned fitness veterans Brian Hibbard and John Armatas, who own 21 additional Crunch locations nationwide.
  • The new Crunch is located at 9618 Airline Hwy, in a renovated space where the former Stein Mart space used to be, with $1 million dollars' worth of state-of-the-art fitness equipment.
  • Today, we are renowned for creating one-of-a-kind group fitness classes and unique programming for our wildly diverse members.