Distressed Retail

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 Daphne Howland • Nov. 14, 2022

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 Ben Unglesbee • Nov. 11, 2022

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 Ben Unglesbee • Nov. 9, 2022

The Weekly Closeout: DSW bets on shoe repair and Under Armour finally addresses athleisure

Shoppers can drop off their worn shoes at the footwear retailer’s stores. And the athletics brand is broadening its assortment.

By Retail Dive Staff • Nov. 4, 2022

Bed Bath & Beyond files to sell more stock

Following the sale of 12 million shares earlier this year, the struggling retailer submitted paperwork to sell an additional $150 million worth of shares.

By Caroline Jansen • Oct. 28, 2022

The Backroom: Retail bankruptcies are poised for a comeback

What can we learn about the industry as a whole by looking at its weakest players?

By Retail Dive Staff • Oct. 27, 2022

Bed Bath & Beyond met with downgrade as it looks to swap out debt

The retailer’s interim CEO said it was looking to address its nearest bond maturities and “any impact they may have on our current and future business.”

By Ben Unglesbee • Oct. 19, 2022

Michaels downgraded at S&P as pandemic craft boom wanes

With consumers pulling back on discretionary spending and changing their habits, the retailer is under pressure after last year’s leveraged buyout. 

By Ben Unglesbee • Oct. 18, 2022

After years of litigation, Toys R Us’ creditors reach resolution with former execs

A judge approved a settlement in a lawsuit brought by suppliers and others the toy retailer owed money to when it collapsed in bankruptcy. 

By Ben Unglesbee • Oct. 17, 2022

Rue21 has a deal to bolster finances ahead of holidays

The teen retailer said it had an agreement with lenders that would secure working capital and “preserve continuity” with suppliers and vendors.

By Ben Unglesbee • Oct. 13, 2022

Rue21 hires advisers for possible restructuring: WSJ

Less than two years ago, the teen-focused retailer was adding stores and growing its sales. 

By Ben Unglesbee • Oct. 3, 2022

18 retailers at risk of bankruptcy as consumers tighten wallets in 2022

As demand wavers and capital gets harder to find, the number of companies at risk has soared from last year. 

By Ben Unglesbee • Oct. 3, 2022

Rite Aid’s losses triple as sales fall

Declines in traffic and sales from COVID-19 services could be hurting the drugstore chain. 

By Ben Unglesbee • Sept. 30, 2022

At Home downgraded as it burns through cash

The retailer took on debt from a private equity acquisition last year. Then the home goods market tanked. 

By Ben Unglesbee • Sept. 28, 2022

For Peloton, 2022 has been a rough ride

The at-home gym company — along with its stock price — was riding on a high during the pandemic. Consumers brought it back to reality in 2022.

By Dani James • Sept. 19, 2022

Bed Bath & Beyond announces locations of its first wave of closures

The struggling home goods retailer is moving to shutter over 50 stores after laying out a plan late last month to close 150 locations.

By Caroline Jansen • Sept. 16, 2022

Bankrupt Revlon gets court approval for exec bonus plan

Top executives could collectively receive tens of millions of dollars in incentive bonuses.

By Ben Unglesbee • Sept. 16, 2022

The Weekly Closeout: Amazon invests $450M in driver program and Bed Bath & Beyond interim CEO could stay another year

The e-commerce giant will invest in benefits for its Delivery Service Partners, while Sue Gove will reportedly remain with the home retailer for now.

By Retail Dive Staff • Sept. 16, 2022

Vince to shut down Rebecca Taylor

The company is in discussions with lenders to finalize the wind down plan, which is expected to include selling off assets and exiting business channels. 

By Kaarin Vembar • Sept. 13, 2022

Olympia Sports files for bankruptcy as it works through liquidation

The regional sporting goods specialist at its height had 230 stores. After a series of deals and tribulations, it’s winding down to zero.

By Ben Unglesbee • Sept. 13, 2022

With volatility and recession talk everywhere, what are retailers’ actual financial risks?

Some players have gotten stronger since the pandemic began. But 2021’s boom times papered over weakness in others.

By Ben Unglesbee • Sept. 6, 2022

Amazon hits major setback in bid to overturn Staten Island union vote

An official with the National Labor Relations Board recommended the company’s objection to the voting process be rejected and the union certified.

By Ben Unglesbee • Sept. 2, 2022

Sears Holdings $175M settlement with Lampert has court approval

The settlement clears the way for a resolution to the company’s grinding, expensive Chapter 11 case.

By Ben Unglesbee • Sept. 1, 2022

Alex and Ani has $17.5M loan as it seeks growth after bankruptcy

The jewelry retailer known for its charm bracelets filed for Chapter 11 in 2021 after years of fast growth and disruptions both external and internal.

By Ben Unglesbee • Aug. 29, 2022

The Backroom: The remains of Sears

Senior Reporter Ben Unglesbee discusses his recent trip to one of the few remaining Sears department stores in the country.

By Retail Dive Staff • Aug. 25, 2022