CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $65 million revolving credit facility for Everlane, Inc., a leading retailer of sustainable apparel, accessories and footwear in the U.S. Founded in 2011 and based...
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September 16, 2022, 07:18 AM
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The NFIB Research Center released an industry-specific Small Business Economic Trends report highlighting the construction, manufacturing, retail and services industries. The overall Optimism Index for small businesses in April was 93.2.“The...
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May 19, 2022, 07:08 AM
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Encina Equipment Finance (EEF) announced it has provided a $15 million incremental lease financing to an online retailer of printed products and specialized gifts, for the sale leaseback of manufacturing equipment and to support new CAPEX.EEF was...
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March 24, 2022, 07:16 AM
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The NFIB Research Center released the quarterly Small Business Economic Trends industry report, highlighting the construction, manufacturing, retail and services industries.“Small businesses in every industry are facing challenges like the staffing...
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December 13, 2021, 07:10 AM
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The NFIB Research Center released the latest quarterly Small Business Economic Trends Industry-specific survey. The survey highlights the construction, manufacturing, retail and services industries. NFIB released previous reports in August and May...
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November 23, 2020, 07:20 AM
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Adapting to ongoing shifts in consumer behavior is key to recovering asset value, advises Michael McGrail in Q&A with ABL Advisor. Retailers’ store-closing and going-out-of-business sales are performing better than expected—especially in categories...
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October 26, 2020, 07:05 AM
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Hilco Global has issued a series of short- and mid-term strategic recommendations to assist lenders with current portfolio exposure in the retail market to take appropriate and informed action during the near-term fallout of the current COVID-19...
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March 25, 2020, 07:00 AM
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From the first quarter Phoenix Management “Lending Climate in America” Survey, results show volatility and uncertainty for the U.S. economy with deteriorating confidence in the near term.After a 37-percentage point GPA drop between Q3 2018 and Q4...
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March 21, 2019, 07:25 AM
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Retail bankruptcies to date have largely been the result of the changes in the retail industry and evolution of customer preferences, high-risk LBO structures and terrible store merchandising, according to an article in the November ABI Journal....
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December 04, 2017, 07:00 AM
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BankruptcyData released its Q2 2017 Business Bankruptcy Filings Report, which indicates that the Retail, Services and Finance/Insurance/Real Estate sectors increased their percentages of overall business bankruptcies during Q2 2017, compared to the...
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July 18, 2017, 07:18 AM
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As the industry continues to struggle, the number of retailers filing for bankruptcy keeps growing, and 2017 could end up with the highest number of retail bankruptcies ever. That's the assessment of a new report from BankruptcyData.com that compiles...
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June 23, 2017, 07:22 AM
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The future of a defining feature of 1980s Americana is under threat thanks to sweeping distress in the retail sector. According to a research note from Credit Suisse, up to a quarter of the nation’s retail malls will close in the next five years as...
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June 02, 2017, 07:26 AM
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Equipment Finance Advisor Exclusive: Distress in the brick and mortar sector led to a surge in retail bankruptcies in the first three months of 2017, with retailers accounting for 48% more filings than the same period last year.That’s according to a...
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April 19, 2017, 07:27 AM
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According to the 8th annual CIT Retail Outlook, 80% of middle market retailers rate their overall financial condition as healthy or very healthy. Many are cautiously optimistic about the upcoming holiday season and the near-term future. Sixty percent...
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November 23, 2016, 07:02 AM
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The retail industry is going through a form of evolution, maybe even a revolution. E-commerce has changed the way retailers sell, so that the major brick-and-mortar companies are looking at their individual stores, potentially closing what they...
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July 08, 2016, 07:12 AM
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As the economic recovery gains speed, the consumer electronics and furniture sectors of the retail industry can look forward to growth in 2015, while the apparel sector faces a more mixed outlook. These insights and more are shared by three CIT...
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February 19, 2015, 06:52 AM
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An annual retail outlook study of more than 250 senior middle market retail executives conducted by CIT Group found cautious optimism among respondents. Fifty-five percent of executives anticipate their total holiday sales will increase by 6% or more...
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November 21, 2014, 07:02 AM
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Economic activity in the non-manufacturing sector grew in March for the 50th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. The report was issued today by Anthony Nieves...
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April 04, 2014, 06:55 AM
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A recent study by PayNet, Inc., a firm that risk management tools to the commercial credit industry compares growth rates and projected default rates of major equipment sectors identifying safe and higher growth sectors. This data is derived from...
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October 21, 2013, 06:54 AM
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According to the research study “Taking Stock in Tough Times: U.S. Retail Sector Outlook,” produced by CIT Group with Forbes Insights, more than a third (37%) of middle market retail executives believe their holiday sales will increase over 2011...
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November 15, 2012, 07:00 AM
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GE Capital Retail Bank and The Toro Company recently announced a multi-year extension of their exclusive private label credit card program. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and...
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November 08, 2012, 07:07 AM
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