Distressed Retail

  • Image attribution tooltip
    Courtesy of Bed Bath & Beyond

    Bed Bath & Beyond to close all Harmon stores

    The retailer will also close an additional 87 of its namesake stores as a potential bankruptcy filing looms.

    By • Jan. 30, 2023
  • Bed Bath & Beyond
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    Bruce Bennett via Getty Images

    As it inches toward bankruptcy, Bed Bath & Beyond defaults on loan

    The distressed home goods retailer said it doesn’t have enough cash to pay down its debts.

    By • Jan. 27, 2023
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Retail Dive
    Column

    The Weekly Closeout: Foot Locker faces privacy suit and Levi’s misquotes Mark Twain

    A lawsuit alleges the athletics retailer violated California’s privacy act. Meanwhile, Levi’s CEO Chip Bergh cited the author on why skinny jeans are not dead.

    By Retail Dive Staff • Jan. 27, 2023
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive

    Bed Bath & Beyond receives Nasdaq warning over late 10-Q

    The distressed retailer has until March 13 to regain Nasdaq listing compliance by submitting the financial report.

    By • Jan. 20, 2023
  • A cardboard box with a round light-blue logo and the words "Stitch Fix" leans against a bright yellow door.
    Image attribution tooltip
    Courtesy of Stitch Fix
    Column

    The Weekly Closeout: Amazon discontinues charity program, Stitch Fix takes to Twitter for CEO search

    The e-commerce giant is ending its AmazonSmile program after a decade and the styling service is seeking out CEO applicants via social media.

    By Retail Dive Staff • Jan. 20, 2023
  • store front of Party City
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    Daphne Howland/Retail Dive

    Judge grants Party City immediate access to $75M bankruptcy loan

    The remainder of a $150 million debtor-in-possession loan will not be released until February.

    By • Jan. 19, 2023
  • Storefront of a Party City.
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    Nate Delesline III/Retail Dive

    Party City files for bankruptcy with plans to shed debt

    The retailer has a deal with bondholders to pursue an “expedited restructuring” aimed at improving its capital structure and liquidity.

    By • Jan. 18, 2023
  • An Olympia Sports storefront
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    Courtesy of CriticalPoint Capital

    Olympia Sports’ intellectual property headed to auction

    The retailer, which once had a footprint of 230 stores, is among the latest retail brand names up for grabs following a Chapter 11 bankruptcy.

    By • Jan. 13, 2023
  • Stacked white boxes of makeup on a black store display
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    Gabe Ginsberg / Stringer via Getty Images

    Morphe parent company files for Chapter 11 bankruptcy

    Forma Brands — which also operates Playa Beauty and Jaclyn Cosmetics — has entered a proposed $33 million acquisition deal with lenders. 

    By • Jan. 12, 2023
  • Bed Bath & Beyond
    Image attribution tooltip
    Bruce Bennett via Getty Images

    Fitch: Gulf between retail’s winners and losers to widen in 2023

    Default rates will likely remain low, but the firm is watching for bankruptcies from major players like Party City, Rite Aid and Bed Bath & Beyond.

    By • Jan. 10, 2023
  • Boxed
    Image attribution tooltip
    Courtesy of Boxed

    Boxed considers selling itself amid cash crunch

    The online retailer, which is trying to shore up its liquidity and boost its sagging stock price, also said it is “actively exploring” ways to bring in additional capital.

    By Sam Silverstein • Jan. 6, 2023
  • Bed Bath & Beyond
    Image attribution tooltip
    Bruce Bennett via Getty Images

    Bed Bath & Beyond warns it could file for bankruptcy

    The struggling home retailer issued a "going concern" warning as sales continue to slide and losses widen.

    By • Jan. 5, 2023
  • Three signs plastered to a grey tiled wall announce a store liquidation sale, with the middle one saying that "Everything must go!"
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    Daphne Howland/Retail Dive

    Sears Hometown stores disappearing from rural America

    Liquidation sales are ongoing at 115 locations across 36 states and Puerto Rico, amid the Sears-affiliated home goods retailer's bankruptcy.

    By • Jan. 4, 2023
  • Storefront of a Rebecca Taylor location.
    Image attribution tooltip
    The image by Phillip Pessar is licensed under CC BY 2.0

    Vince Holding sells intellectual property of Rebecca Taylor

    The IP was purchased by an affiliate of Ramani Group and is part of a strategic effort announced last year to shut down the fashion brand.

    By • Jan. 3, 2023
  • A row of bright pink, pale pink and red jars of Revlon nail polish, with black caps against a black background, in closeup.
    Image attribution tooltip
    "Revlon" by Mike Mozart is licensed under CC BY 2.0

    Revlon set to exit bankruptcy by April

    If a judge approves, the beauty company will conclude its Chapter 11 process with its lenders as its new owners, but what happens next remains uncertain.

    By • Dec. 22, 2022
  • Party City storefront
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    Party CIty

    Party City faces NYSE delisting

    The troubled retailer has six months to regain compliance with the New York Stock Exchange’s minimum share price requirement. 

    By • Dec. 20, 2022
  • Line up of Revlon products inside of a store with the Revlon sign.
    Image attribution tooltip
    Kaarin Vembar/Retail Dive
    Deep Dive

    What is Revlon’s next chapter?

    The brand was exploring a sale even before the pandemic, but the current environment isn’t ideal for a bankrupt company trying to figure out next steps. 

    By • Dec. 14, 2022
  • A bright white sign with two red stars, posted on green grass, promises "Sears Hometown we're here to stay."
    Image attribution tooltip
    Dan Keck. (2017). "SEARS HOMETOWN WE'RE HERE TO STAY" [photograph]. Retrieved from Flickr Pro.

    Sears Hometown files for bankruptcy amid disputes with ‘new Sears’

    Financial strain and a lack of inventory led to the move, three years after Eddie Lampert-run TransformCo reacquired the home goods chain.

    By • Dec. 13, 2022
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive

    A look at Bed Bath & Beyond’s tumultuous year

    The distressed home retailer experienced a C-suite shakeout, strategy pivot and a board refresh as it continues to work on turning the business around.

    By • Dec. 7, 2022
  • Sundry
    Image attribution tooltip
    Retrieved from Sundry on January 25, 2022

    Digital Brands closes on $10M stock offer to fund acquisitions

    The DTC conglomerate may at last be close to finalizing its deal to buy women’s apparel brand Sundry, first announced in January.

    By • Dec. 2, 2022
  • store front of Party City
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    Daphne Howland/Retail Dive

    Party City back in creditor talks amid cash crunch: Bloomberg

    The retailer is once again struggling as consumers pull back amid heavy inflation and its liquidity dwindles.

    By • Dec. 2, 2022
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    Matthew Hatcher via Getty Images

    10 of the biggest retail stories in 2022

    From potential bankruptcies to off-price retailer turmoil, this year came with macroeconomic pressures for companies across the board.

    By Retail Dive Staff • Dec. 2, 2022
  • store front of Party City
    Image attribution tooltip
    Daphne Howland/Retail Dive

    Fitch downgrades Party City as maturities loom

    The party goods retailer is fast losing any financial cushion, its turnaround is uncertain and restructuring is “probable,” Fitch analysts said last week.

    By • Nov. 14, 2022
  • An interior shot of the massive American Dream mall, with a fountain in the middle that is surrounded by layers of pink, purple and yellow flowers.
    Image attribution tooltip
    Courtesy of Triple Five Worldwide

    American Dream cuts a deal with lenders to extend debt

    The arrangement could give the massive mall in New Jersey more time after a tumultuous financial ride since opening. 

    By • Nov. 11, 2022
  • A row of bright pink, pale pink and red jars of Revlon nail polish, with black caps against a black background, in closeup.
    Image attribution tooltip
    "Revlon" by Mike Mozart is licensed under CC BY 2.0

    Revlon’s sales down 10% as it tries to right itself in Ch. 11

    The cosmetics giant has worked to firm up relationships with suppliers and is also fielding potential interest in buying the company out of bankruptcy. 

    By • Nov. 9, 2022