RetailStat

Red Lobster is making waves with its new menu, featuring 7 additions like Lobster Pappardelle Pasta, Bacon Wrapped Sea Scallops, plus the return of hush puppies and popcorn shrimp. 🍽️🦞🍤 This menu revamp, paired with limited-time holiday cocktails like the Mocha Espresso Martini and Snowglobe Sangria, is part of Red Lobster’s rebuilding efforts under new leadership. Will it be enough? #RedLobster #MenuUpdate #CasualDining #SeafoodLovers #RestaurantNews #HolidayEats

Havertys Furniture Companies, Inc. announced that Clarence H. Smith will retire as CEO, transitioning to Executive Chairman of the Board on January 1. Steven G. Burdette, a Haverty veteran, will step into the role of President, CEO, and Board Member. Burdette’s journey with Haverty began in 1983, and he has held key leadership roles in store management, operations, merchandising, and marketing, culminating in his appointment as President in 2021. #LeadershipChange #HavertyFurniture #CEOAnnouncement #RetailLeadership

Are Americans Managing Better This Year? 🎄💳 As the holiday season kicks off, a #NerdWallet report shows that 28% of credit card users are still paying off last year's holiday debt—a slight improvement from 31% in 2023. With slower credit card balance growth, wage gains, and lower inflation, consumers may be finding their financial footing. This year, 74% of shoppers plan to rely on credit cards for purchases. Experts recommend setting strict budgets, leveraging rewards, and avoiding overspending traps to stay financially healthy during the holidays. #HolidaySpending #PersonalFinance #ConsumerTrends #DebtManagement #CreditCardTips #FinancialPlanning

Wayfair Financial Moves Update 📢 On November 11, Wayfair repurchased $739M worth of convertible senior notes across multiple maturities, including: $518M of 0.625% notes due 2025 $215M of 1.00% notes due 2026 $39M of 2.50% accreting notes due 2025 The settlement date is expected on November 13, 2024. After these transactions, $236M of 2025 notes and $734M of 2026 notes remain outstanding. Additionally, on November 1, 2024, Wayfair retired $117M of 2024 notes in cash upon maturity. This follows Wayfair's issuance of $800M in 7.25% senior secured notes in September, set to mature in 2029, to support debt repayment and general corporate purposes. Fro more detail visit, retailstat.com #Wayfair #FinancialUpdates #CorporateFinance #RetailIndustry

David's Bridal has reimagined loyalty with its Diamond Loyalty program, extending benefits beyond the bride to include her entire wedding party. By listening to customer feedback and simplifying rewards, the program has nearly 3M members and drives 75% of sales -- blending customer experience and marketing to make brides the ultimate influencers, shaping a $74B industry. #LoyaltyPrograms #CustomerExperience #MarketingStrategy #DavidBridal #RetailInnovation #CXInsights

Today, we pause to honor and express our deepest gratitude to the brave men and women who have served and sacrificed for our country. Your courage, dedication, and commitment inspire us all. 💙❤️ To all veterans: Thank you for your service, today and every day. #VeteransDay #ThankYouVeterans #HonorAndRespect

Missed the “Warning Signs of Troubled Companies” Webinar? No problem—you can watch the recording now on our website: https://lnkd.in/e4Pi9_9a 💻 Our flagship webinar is a must-watch for credit professionals, offering essential risk assessment tools and insights into spotting early warning signs of financial distress. In today’s challenging environment, staying ahead of potential bankruptcies is key to minimizing bad debt losses and protecting your bottom line. Catch up now and stay informed! #CreditRisk #WebinarRecording #RetailStatInsights

Update on True Value Company Bankruptcy Case 🛠️ The court is reviewing a motion to set deadlines for administrative expense claims tied to the sale to Do It Best, expected to close by November 22. The bar date for section 503(b)(9) claims remains November 27, 2024. For detailed insights, contact us at https://lnkd.in/eaTkzfis #TrueValue #BankruptcyUpdates #RetailStatInsights

Taking a moment to celebrate some incredible RetailStat teammates 🎉 Happy Birthday to our team members who are marking another amazing year around the sun! And, a huge Happy Work Anniversary to those celebrating their time with us! 🏆 Thank you for your commitment and the positive impact you bring to our team and clients. Here’s to many more successful years together! #TeamRetailStat #Celebration #WorkAnniversary #HappyBirthday

📢 Update on LL Flooring's Chapter 11 Case 📢 On November 5, LL Flooring filed an amended Plan of Liquidation, estimating that general unsecured creditors could receive between 0% and 7% of allowed claims. Factors impacting this range include ongoing claims reconciliation and potential litigation, with any recovered assets to benefit creditors. The final hearing to approve the plan is scheduled for December 18, 2024. Stay tuned for more updates as this case progresses. #LLFlooring #Chapter11 #Bankruptcy #Creditors #Liquidation #RetailNews #FinancialUpdates