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New debt financing to support women’s lifestyle retailer’s store expansion
Soft Surroundings has completed a dividend recapitalization that was financed through an expansion of the existing credit facility.
The women’s lifestyle retailer is in the midst of a nationwide store expansion strategy, and the new debt financing includes a designated facility to fund future store openings. The company opened 11 new stores in 2015 and has identified over 15 locations for 2016.
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Groupon seeks many happy returns
Online deal provider Groupon is attempting to increase supply chain efficiency in a way that will allow it to offer even more and better discounts.
Groupon is partnering with Optoro, a platform for returned and excess inventory, to better process returns for its Groupon Goods business. Groupon Goods offers discounts on physical items.