Charlotte Russe announced that it successfully completed an out-of-court restructuring, which reduced term loan debt from $214 million to $90 million, cut interest expense by approximately half, and extended the maturity date five years.
Drew Schaul, one of the leading retail real estate professionals in the Miami market, has returned to CBRE after a seven-year stint at Robert K. Futterman & Associates.
Leveraging the industry’s keen interest in retail innovation, Chain Store Age’s 2018 SPECS conference, held at the Gaylord Texan in Dallas, included a first: the SPECS Tank Innovator of the Year award.
The Finish Line returned to profitability in its fourth quarter amid inventory and expense management, but same-store sales at its freestanding locations took a beating.