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retaildive | November 16, 2017
Forever 21 is investigating a report it received from a third party that payment cards used in some of its stores in recent months may have been subject to unauthorized access, according to a company press release. Though the retailer has used encryption and tokenization services on point-of-sale devices since 2015, the company said that the unauthorized access appears to have occurred only on "certain" devices at times when the encryption on those devices was not operating, per the re...
retaildive | June 04, 2019
Forever 21 is mulling its financial options amid a sales slump, including bankruptcy, and has reached out to private equity firm Apollo Global Management regarding a debtor-in-possession loan, Bloomberg reported on Monday.Forever 21 didn’t return Retail Dive’s request for comment. The company told Bloomberg it "is speaking with our lenders in the normal course of business and are in compliance with all of our agreements and continue to operate as usual." A spokesperson for ...
fxstreet | January 16, 2020
Thursday's US economic docket highlights the release of monthly retail sales figures, scheduled at 13:30 GMT. Consensus estimates point to modest growth of 0.3% for December as compared to the previous month's 0.2% increase. Sales excluding automobiles (core retail sales) are seen rising by 0.5% during the reported month as against a dismal 0.1% growth recorded in November. Meanwhile, the closely watched Retail Sales Control Group is expected to rise by 0.4% following a 0.1% increase in ...
businesswire | January 15, 2020
VTS, the commercial real estate industry’s leading leasing and asset management platform, today announced VTS Retail the industry’s only leasing platform designed specifically for the retail sector solving major issues retail landlords have in their leasing process. Unlike any existing offering for retail landlords, VTS Retail transforms the leasing process by enabling retail landlords to significantly reduce the time from prospect to tenant move-in and proactively manage shopping ce...
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