Distressed Retail

Revlon CFO to retire as sales continue shrinking in bankruptcy

The company’s losses have also ballooned, in part because of the high cost of Chapter 11. 

By Ben Unglesbee • Aug. 10, 2022

Retail disruptors are turning to layoffs to cut costs and restructure

New companies have grown rapidly by leveraging consumer trends during the pandemic. Now, they’re paying the price amid an economic downturn.

By Dani James • Aug. 9, 2022

This is the last Sears for hundreds of miles. What can it tell us about the state of malls?

The department store in Maryland is sparsely merchandised and low on traffic. Senior Reporter Ben Unglesbee takes a look inside to see how retail has changed since the heyday of malls.

By Ben Unglesbee • Aug. 1, 2022

Olympia Sports is shutting down its stores

Owned by private equity firm CriticalPoint Capital, the Maine-based retailer is holding liquidation sales at all locations.

By Cara Salpini • July 29, 2022

Revlon gets court OK on $15.4M bonus plan for 'critical' employees

In bankruptcy, the cosmetics giant is trying to retain staff it says are critical to operations after recent years of stress and turmoil. 

By Ben Unglesbee • July 27, 2022

Bed Bath & Beyond downgraded by Moody's amid 'steep decline' in sales

The agency updated the retailer’s coporate rating following the departure of its CEO and chief merchandising officer late last month.

By Caroline Jansen • July 21, 2022

Bath & Body Works girds for sales, profit decline in 2022

Traffic is falling at the retailer, and lower income consumers are tightening spending as they wrestle with inflation. 

By Ben Unglesbee • July 20, 2022

Michaels downgraded as costs, consumer shifts add pressure

A little over a year after being taken over by private equity, the retailer is pressed by high supply chain costs and tighter consumer spending.

By Ben Unglesbee • July 14, 2022

Default risk rises amid consumer pullback and tougher funding environment: S&P

Analysts said “inflation, energy security, geopolitical uncertainty, and rapidly tightening financing conditions are increasingly putting pressure on issuers.”

By Ben Unglesbee • July 7, 2022

Rite Aid tries to ease debt load and boost profits

The drugstore retailer bought back some of its bonds early in a distressed exchange and plans to close 145 stores as it tries to control costs.

By Ben Unglesbee • July 6, 2022

Enjoy Technology says it has a prospective buyer that would keep it alive

Asurion, which insures and repairs consumer electronics, has emerged as lender, prospective buyer and future operator of the bankrupt Enjoy. 

By Ben Unglesbee • July 1, 2022

Ace Hardware shuts down The Grommet, lays off 44

The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn.

By Daphne Howland • June 30, 2022

Enjoy Technology to 'pause' on selling Apple products

The cash-strained company said it is halting its “commerce-at-home” services for the tech maker to focus on business priorities. 

By Ben Unglesbee • June 29, 2022

Ron Johnson's Enjoy Technology wants to create a new form of retail. But first it must survive.

The former J.C. Penney CEO has built out a fleet of mobile stores to bring the shopping experience to homes. Its losses are mounting, though, and cash is running out.

By Ben Unglesbee • June 17, 2022

The Weekly Closeout: Deckers' COO steps down and Swarovski names CEO

David Lafitte exited the footwear retailer to pursue another opportunity, while the jewelry brand appointed its first chief outside of the founding family.

By Retail Dive Staff • June 17, 2022

Revlon files for bankruptcy as debt, supply challenges take a toll

After years of hemorrhaging cash, the cosmetics brand aims to reorganize and cut its debt load in Chapter 11. 

By Ben Unglesbee • June 16, 2022

Revlon reportedly preparing for bankruptcy

The beauty giant has long suffered under billions of dollars in debt, while the pandemic exacerbated its financial struggles.

By Ben Unglesbee • June 13, 2022

Another Enjoy Technology CFO out as it faces cash crisis

The commerce-at-home company — led by former J.C. Penney CEO Ron Johnson — can't keep up with its spiraling costs.

By Ben Unglesbee • June 2, 2022

American Dream lost $60M last year

On top of the pandemic's challenges, the sprawling, experience-rich, debt-ridden mall has been beset by several delays and mishaps.

By Daphne Howland • May 4, 2022

The Weekly Closeout: REI expands run assortment and Farfetch enters beauty

The outdoors retailer will also improve employee training in the category. Meanwhile, the luxury platform will offer a "curated edit" of beauty items.

By Retail Dive Staff • April 22, 2022

Rite Aid guidance could signal its ability to survive: analyst

The drugstore chain's losses have expanded, and it could face a decline in spending related to COVID-19.

By Ben Unglesbee • April 13, 2022

Retail bankruptcy risks still low after 2020's flood: report

The pandemic surge in filings culled some weak players, while last year's boom in retail sales fueled turnarounds for others.

By Ben Unglesbee • April 12, 2022

As long-running legal feud slogs on, Lampert and Sears Holdings creditors ordered to mediation

The former head of the department store company has been accused of transferring billions of dollars in assets to himself. 

By Ben Unglesbee • April 8, 2022

The Weekly Closeout: Dick's names ambassadors for Calia brand and Walmart sweetens perks for sellers

The sporting goods retailer brought on four brand ambassadors to replace Carrie Underwood, while the mass merchant is offering sellers discounts on commission rates.

By Retail Dive Staff • April 8, 2022

Less than a year after IPO, Digital Brands warns it could file bankruptcy

The DTC company is looking to grow sales and its brand stable, but losses have expanded and it has warned it could suffer without sufficient capital. 

By Ben Unglesbee • April 1, 2022