Distressed Retail
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Washington Prime Group CEO out as bankruptcy winds up
The mall REIT is now majority owned by investment firm SVP Global, after debt forgiveness that helped lighten its load by almost $1 billion.
By Daphne Howland • Oct. 22, 2021 -
Tailored Brands hires Neiman Marcus vet for CFO spot
Brandy Richardson, former financial chief for the luxury department store, joins another company trying to move on from a bankruptcy last year.
By Ben Unglesbee • Oct. 20, 2021 -
Courtesy of Lululemon
ColumnThe Weekly Closeout: Mirror plans Canada launch and what's with all the e-commerce spinoffs?
Lululemon will expand the home fitness tech to nearly 200 stores, and Macy's is encouraged to follow department store Saks on a strange path.
By Retail Dive Staff • Oct. 08, 2021 -
The image by Dtobias is licensed under CC BY-SA 4.0
7 mall stores you forgot about
What is it about the mall experience that stokes nostalgia? Here's a look back at some of the brands that once loomed large in shopping centers.
By Kaarin Vembar • Oct. 07, 2021 -
Pre-bankruptcy payouts under fire from government watchdog
Flailing retailers have paid many millions in retention bonuses to executives in the months and even days before a Chapter 11 filing.
By Ben Unglesbee • Oct. 04, 2021 -
Why retail bankruptcies have stopped dead — for now
Stimulus, vaccines and easy money have lifted even rickety ships in retail. Is it just a wave, or a new era of less distress?
By Ben Unglesbee • Oct. 04, 2021 -
Retail's pandemic bankruptcy bloodbath is over. But these 20 companies are still at risk.
Things are much better in the industry than in recent years. Retail will always be a tough business, though.
By Ben Unglesbee • Oct. 04, 2021 -
Daphne Howland/Retail Dive
Neiman Marcus warns 4.6M customers about data breach
Personal information and payment cards were exposed in the hack, which is not the first for the luxury department store.
By Ben Unglesbee • Oct. 01, 2021 -
Daphne Howland/Retail Dive
Claire's files for IPO 3 years after bankruptcy
Once another victim of private equity debt and mall disruption, the teen retailer reports growing sales and new investments in its business.
By Ben Unglesbee • Sept. 30, 2021 -
Guitar Center files confidentially for IPO: Debtwire
The instrument retailer's sales and profits are ticking up after last year's restructuring.
By Ben Unglesbee • UPDATED: Sept. 23, 2021 at 9:51 a.m. -
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
