Asset Based Lending Blog/News

March 26, 2018 | Announcement, Government, Shipping, Wholesale

Sadie Keljikian, Express Trade Capital The following is an update on recent tariff adjustments on steel, aluminum, and Chinese-made products. Steel and Aluminum Products: Several Presidential Proclamations signed in March 2018 have collectively implemented Section 232 of the Trade Expansion Act of 1962. The Proclamations primarily serve to adjust imports of aluminum and steel into […]

March 22, 2018 | Announcement, Government, Retail

Sadie Keljikian, Express Trade Capital A collection of the largest global retailers have written an open letter to President Trump following his move to impose tariffs on $60 billion in exports from China. Since his campaign, Trump has expressed frustration with the trade gap between the US and China, leading many to fear an oncoming […]

March 9, 2018 | Retail

Sadie Keljikian, Express Trade Capital With consistently falling sales and pressure from several lenders, Toys R Us has begun liquidating its inventory ahead of planned store closures. The retailer’s difficulties have only increased since filing for Chapter 11 last fall. Debtholders Hasbro and Mattel have seen their stocks fall significantly since then and started pressuring […]

March 6, 2018 | Government

Peter Stern, Express Trade Capital As widely reported in the press, President Trump announced plans to implement raised duties on steel and aluminum using a pre-existing but rather obscure provision. Section 232 permits the President to impose tariffs or quotas to protect national security. President Trump announced tariffs will be 25% on foreign-made steel and […]

March 1, 2018 | Retail

Sadie Keljikian, Express Trade Capital Kohl’s announced today that it will bring discount grocer Aldi into as many as 10 of its stores in a pilot test. The department store chain hopes to cut down on its brick and mortar presence and offer more variety in the space it occupies. Kohl’s announced the decision to […]

February 27, 2018 | Technology

Sadie Keljikian, Express Trade Capital In a roller coaster season for traders, Bitcoin’s value dipped below $10,000 USD twice last month. Bitcoin was introduced in 2009, but didn’t receive significant attention until the fall of 2017. In the last few months of the calendar year, the cryptocurrency saw a remarkable rise in value, peaking at […]

February 23, 2018 | Retail

Sadie Keljikian, Express Trade Capital It’s been a wild ride for Toys R Us and yet again, it looks like there may be a tragic end in sight. Toys R Us filed for Chapter 11 in September in hopes of restructuring its debt and rebuilding. However, developments since then have been less than promising. Following […]

February 6, 2018 | Retail

Sadie Keljikian, Express Trade Capital Retail chain Bon-Ton has filed for Chapter 11 bankruptcy relief. The apparel retailer has been struggling with sales losses, mounting debt and management upheaval for some time. Late last year, the business invoked a 30-day grace period to pay $14 million in interest in hopes that holiday sales would supplement […]

February 1, 2018 | Announcement

Sadie Keljikian, Express Trade Capital Express Trade Capital is proud to be featured twice in The Secured Lender‘s first ever “Innovators” issue! The new issue details ETC’s own VP Ashley Orlando and Managing Director Mark Bienstock, both of whom give details on Express Trade’s eco-financing efforts. Click to see our announcement and read the full […]

January 24, 2018 | Retail

Sadie Keljikian, Express Trade Capital Toys R Us continues to struggle, despite its attempts to restructure and rebuild since filing for Chapter 11 in September. The once-dominant retailer is planning on closing 175 of its locations in the US, nearly 20% of its 881 operational locations as of October. Soon after Toys R Us filed […]