Distressed Retail
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Courtesy of Joann
Joann raises cost savings target to $225M
The craft retailer is working to improve its cash flow, but its $1 billion-plus debt load remains a concern.
By Nate Delesline III • Dec. 5, 2023 -
Permission granted by Rite Aid
Rite Aid plans to sell 79 more stores
The drugstore chain has been shedding leases as a way to optimize its portfolio following its Chapter 11 bankruptcy.
By Tatiana Walk-Morris • Dec. 5, 2023 -
Explore the Trendline➔
Daphne Howland/Retail Dive
TrendlineTop 5 stories from Retail Dive
Bankruptcies, store closures and layoffs remain a familiar narrative among fledgeling brands attempting to compete in the face of economic headwinds due to inflation.
By Retail Dive staff -
Retrieved from Lacoste on August 16, 2023
Activewear brand Bandier seeks buyer for IP, assets
After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.
By Dani James • Dec. 1, 2023 -
Courtesy of Disco
Men’s skin care brand Disco shuts down amid bankruptcy
The company filed for Chapter 7 bankruptcy last week after its debt provider foreclosed on it, according to a LinkedIn post from founder Benjamin Smith.
By Dani James • Nov. 22, 2023 -
Craig Barritt via Getty Images
After months in limbo, some products from bankrupt Mitchell Gold may finally reach customers
At the same time, home goods company Surya acquired the Mitchell Gold + Bob Williams brand, with plans to start shipping products in Q1.
By Ben Unglesbee • Nov. 20, 2023 -
Retrieved from Anagram website on November 09, 2023
Party City-owned balloon supplier files for bankruptcy
Anagram entered Chapter 11 amid uncertainty around its supply contract with the retailer, which is its corporate parent and largest customer.
By Ben Unglesbee • Nov. 13, 2023 -
Permission granted by Rite Aid
Rite Aid wants to sell 92 more store leases in Chapter 11
The offering is in addition to 78 leases and 21 stores and land parcels that went up for sale in mid-October as the retailer restructures in bankruptcy.
By Nate Delesline III • Nov. 8, 2023 -
Craig Barritt via Getty Images
Bankrupt Mitchell Gold and Ryder reach deal on undelivered products
Customers would have to pay the logistics provider to release and deliver goods that in many cases were purchased, with shipping fees, months ago.
By Ben Unglesbee • Oct. 30, 2023 -
Courtesy of Hello Bello
Hello Bello files for bankruptcy amid supply chain setbacks
The baby care company — founded by celebrities Kristen Bell and Dax Shepard — has agreed to a stalking horse bid from private equity firm Hildred Capital Management.
By Dani James • Oct. 24, 2023 -
"Z Gallerie Closing Sale Shops At Sunset Place, South Miami, in 2019." by Phillip Pessar is licensed under CC BY 2.0
Another furniture retailer prepares to liquidate
Z Gallerie, which exited another bankruptcy last year and had also filed in 2009, still hopes to sell itself.
By Daphne Howland • Oct. 23, 2023 -
Konoplytska via Getty Images
Tattered Cover parent company files for Chapter 11
The independent book retailer is restructuring as it enters a critical holiday season.
By Nate Delesline III • Oct. 19, 2023 -
David’s Bridal promotes slate of company veterans in preparation for post-bankruptcy turnaround
The special-occasion apparel chain struggled after its previous Chapter 11 exit in 2018 as the pandemic roiled its business.
By Daphne Howland • Oct. 19, 2023 -
Courtesy of Rite Aid
Rite Aid gets court OK for nearly $3.5B in bankruptcy financing
The pharmacy retailer also wants to sell nearly 100 store leases, properties and pieces of land in 12 states as it looks to restructure.
By Nate Delesline III • Oct. 18, 2023 -
Permission granted by Rite Aid
Rite Aid files for Chapter 11 bankruptcy, names new CEO
The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.
By Nate Delesline III • Oct. 16, 2023 -
Nate Delesline III/Retail Dive
Party City emerges from bankruptcy, CEO to exit
Brad Weston will step down from the top executive role, while current Chief Commercial Officer Sean Thompson will become the company’s interim.
By Kaarin Vembar • Oct. 13, 2023 -
Justin Sullivan via Getty Images
Tupperware’s executive vice chair to exit
Richard Goudis plans to resign from the company after about three years once Tupperware files its 2022 annual report.
By Dani James • Oct. 10, 2023 -
Halloween is a $12B business. Why that couldn’t save Party City
The specialty retailer relies heavily on the holiday, but growing participation and spending wasn't enough to spare it from bankruptcy.
By Caroline Jansen • Oct. 10, 2023 -
Permission granted by Showfields
Showfields files for bankruptcy
The department store retailer recently closed two of its stores, in Miami and New York City’s Manhattan borough, but is eyeing expansion elsewhere.
By Dani James • Oct. 9, 2023 -
Permission granted by Rite Aid
Rite Aid faces NYSE delisting
News of the company's possible removal from the New York Stock Exchange follows talks of a possible bankruptcy filing.
By Nate Delesline III • Oct. 5, 2023 -
Permission granted by Instant Brands
Court approves sale of Instant Brands to private equity firm Centre Lane Partners
The maker of popular kitchen brands including Instant Pot, Corelle and Pyrex said the deal would help fix its unsustainable capital structure.
By Kaarin Vembar • Oct. 5, 2023 -
Daphne Howland/Retail Dive
Chapter 11 filings by businesses soar 61% so far this year, report finds
More small businesses and consumers also turned to bankruptcy in the first nine months of 2023, per Epiq and the American Bankruptcy Institute.
By Daphne Howland • Oct. 4, 2023 -
Presley Ann / Stringer via Getty Images
SmileDirectClub files for Chapter 11 bankruptcy
The dental company's financial issues partially stemmed from the COVID-19 pandemic. Now it plans to liquidate if it can't find a buyer.
By Dani James • Oct. 2, 2023 -
Yujin Kim/Retail Dive
Deep Dive11 retailers at risk of bankruptcy in 2023
From Joann and Rite Aid to Petco and The Container Store, here’s who’s most at risk in the next 12 months.
By Cara Salpini • Oct. 2, 2023 -
‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo
Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.
By Ben Unglesbee • Sept. 28, 2023 -
Permission granted by Rite Aid
Rite Aid could close hundreds of stores in possible bankruptcy: WSJ
The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.
By Nate Delesline III • Sept. 25, 2023
