Distressed Retail
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Daphne Howland/Retail Dive
Sears to close the last department store in its home state
The retailer's perpetual diminishment continues, with only a few dozen large-format stores left under its namesake and Kmart brands.
By Ben Unglesbee • Sept. 17, 2021 -
Courtesy of J. Jill Inc.
Hardest hit: Retailers are putting 2020 behind them, but some still show weakness
J. Jill, Chico's, Tuesday Morning and others still show financial vulnerability even during a broad-based retail recovery, according to RapidRatings data.
By Ben Unglesbee • Sept. 16, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning fills out its C-suite
Over the course of the year the retailer, which exited bankruptcy in January, has added a new CEO, COO, CFO and CIO.
By Ben Unglesbee • Sept. 13, 2021 -
NYC home goods retailer ABC Carpet & Home files Ch. 11
More than a century old, the company skidded into bankruptcy with plans to sell itself after COVID-19 weighed on its sales and supply chain.
By Ben Unglesbee • Sept. 10, 2021 -
Washington Prime Group, facing an uncertain future, will go private
The retail REIT, whose Chapter 11 exit plan was approved last week, said that trading on the New York Stock Exchange wasn't worth the expense.
By Daphne Howland • Sept. 08, 2021 -
Sequential Brands files for bankruptcy
After crumpling under its debt load, the licensing specialist is looking to sell off its remaining brands in Chapter 11.
By Ben Unglesbee • Aug. 31, 2021 -
Retrieved from Digital Brands Group on August 30, 2021
Months after IPO, Digital Brands Group listed among S&P's most vulnerable retailers
The company is looking to roll up apparel brands and create leverage out of scale. But it's a long way from being profitable.
By Ben Unglesbee • Aug. 30, 2021 -
Courtesy of Sequential Brands Group
Struggling Sequential Brands unloads Ellen Tracy, Caribbean Joe for $20M
The brand specialist is trying to pay down debt and stave off bankruptcy with asset sales.
By Ben Unglesbee • Aug. 09, 2021 -
Global Brands' US business files for bankruptcy
The apparel maker owes millions of dollars in royalty money to brand owners. In Ch. 11, the company aims to sell itself off piecemeal.
By Ben Unglesbee • July 30, 2021 -
Daphne Howland/Retail Dive
ColumnReporter's Notebook: Where do Kmart's New York City customers go now?
The once dominant, now struggling retailer abruptly closed its Astor Place location, frustrating the neighborhood: "This is bringing me to Amazon."
By Daphne Howland • July 22, 2021 -
"Bergdorf Goodman department store on Fifth Avenue from 57th to 58th Streets designed in 1928 by architects Kahn & Jacobs." by Christopher Peterson is licensed under CC BY 3.0
Neiman Marcus says there's no plan to sell Bergdorf Goodman
The department store, which has owned the storied Manhattan retailer for 50 years, pushed back against details in a New York Post report last week.
By Daphne Howland • July 06, 2021 -
Dressbarn owner snaps up British luxury label Ralph & Russo
Retail Ecommerce Ventures, whose roster of bankrupt retailers has swelled since its founding two years ago, revives legacy brands online.
By Daphne Howland • July 02, 2021 -
Daphne Howland/Retail Dive
Report: Store closures decline for the first time in 2021
According to Coresight Research, 5.7% fewer stores have closed this year so far than during the same time in 2020.
By Ben Unglesbee • June 28, 2021 -
Citing COVID-19, mall REIT Washington Prime Group lands in bankruptcy court
But like most of the retailers filing under Chapter 11 in the past several months, the company's woes predate the pandemic.
By Daphne Howland • June 14, 2021 -
Iconix Brands to be acquired by private equity firm
Lancer Capital has agreed to buy the brand aggregator, which has been searching for a solution to its debt load for years.
By Ben Unglesbee • June 14, 2021 -
Alex and Ani files for bankruptcy, hoping for a sale
Leadership turmoil and significant debt were hobbling the charm bracelet maker. Then last year came a ransomware attack and the pandemic.
By Daphne Howland • June 10, 2021 -
Cara Salpini/Retail Dive
J. Jill rebounds from pandemic doldrums with 42% sales growth
Sales, margins and operating profit are up big time at the women's apparel seller, which had a close brush with bankruptcy last year.
By Ben Unglesbee • June 09, 2021 -
Daphne Howland/Retail Dive
Deep Dive
Is the never-ending Sears saga finally reaching its closing chapters?
Most of what is left of the one-time empire is a footprint smaller than many regional retailers, and a whole lot of legal bills.
By Ben Unglesbee • June 01, 2021 -
Turmoil at Sequential Brands amid late financials, strategic review
Since the fall, the company has lost a CEO and an executive chairman, and has tried to sell off assets while struggling to pay its debts.
By Ben Unglesbee • May 28, 2021 -
Kendall Davis/Retail Dive
Podcast
The Backroom: A former Blockbuster insider chronicles its many blunders
If you think Blockbuster is merely a story about technology, take a second look. Former franchisee Alan Payne discusses its long-deteriorating operations.
By Ben Unglesbee • May 27, 2021 -
Authentic Brands eyeing possible IPO: Bloomberg
A possible deal to go public could fetch a $10 billion value for the company as it buys up retail brands out of bankruptcy and distress.
By Ben Unglesbee • May 25, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning returning to Nasdaq after delisting
The off-price retailer is back on a major market after its Chapter 11 and restructuring, and is projecting optimism about the future.
By Ben Unglesbee • May 24, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Seeking a post-bankruptcy rebound, Tuesday Morning adds former Burlington execs to C-suite
The off-price retailer brought in Fred Hand as CEO and Marc Katz as interm CFO as it tries to stabalize and grow in the sector.
By Ben Unglesbee • May 21, 2021 -
Centric Brands adds to exec ranks, board as it eyes post-bankruptcy growth
The licensing specialist has brought in a former Pandora executive and past president of Lord & Taylor to help lead it in a new era.
By Ben Unglesbee • May 12, 2021 -
Cara Salpini/Retail Dive
Paper Source to be acquired in Ch. 11 by owner of Barnes & Noble
Elliott Investment Management emerged as the successful bidder for the gift specialist and sees it as "highly complementary" to the book retailer.
By Ben Unglesbee • May 11, 2021
