The running list of major retail deals in 2021
From IPOs to acquisitions, here s the latest on some of the top deals retailers have announced this year.
Adeline Kon/Retail Dive
Last year, several retailers inked deals in the form of partnerships, acquisitions and initial public offerings, among other things.
In fact, IPOs across industries reached a two-decade high in 2020, reaching 407 a 109% increase year over year, according to data from Trading Platforms. And while retail IPOs were off to a slow start at the beginning of the year, activity picked up in the back half, with eight companies filing for an IPO in the fourth quarter and total IPOs for the year hitting 12, according to FactSet.
Meet Dustin Vann: The Brand Expert Who Leads Trusy Social, An Influencer Growth Agency Helping Thousands Build Their Brands
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NEW YORK, NY / ACCESSWIRE / February 3, 2021 / Dustin Vann understands current trends. He knows that today, products and services should not only be of good quality, but the creators have to look for a person of recognized trajectory or one who is followed by many people to help them reach more people in advertising products.
Let s say, for example, basketball shoes. It is not the same to show a pair of them on their own than to show them being worn by Michael Jordan. It is a huge value-added for the product.
Those people who have the power to attract large numbers of followers and create trends are called influencers. They are in a way a type of company, and like any company, they also seek to grow, to work with big brands, and thus build a symbiotic relationship where both parties win. This is where Dustin Vann comes in.
Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY
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Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.
During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $10-million loan didn’t last long.
Within two months, Stein Mart filed for Chapter 11 bankruptcy protection, citing more than $500 million in liabilities. The company closed all 280 stores and 9,000 workers lost their jobs.
Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY
Replay Video UP NEXT
Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.
During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $10-million loan didn’t last long.
Within two months, Stein Mart filed for Chapter 11 bankruptcy protection, citing more than $500 million in liabilities. The company closed all 280 stores and 9,000 workers lost their jobs.
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