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 Nate Delesline III • Jan. 19, 2023

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 Nate Delesline III • Jan. 18, 2023

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 Nate Delesline III • Jan. 13, 2023

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 Dani James • Jan. 12, 2023

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 Cara Salpini • Jan. 10, 2023

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 warns it could file for bankruptcy

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

By Caroline Jansen • Jan. 5, 2023

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 Daphne Howland • Jan. 4, 2023

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 Kaarin Moore • Jan. 3, 2023

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 Daphne Howland • Dec. 22, 2022

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 Kaarin Moore • Dec. 20, 2022

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 Kaarin Moore • Dec. 14, 2022

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 Daphne Howland • Dec. 13, 2022

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 Caroline Jansen • Dec. 7, 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 Daphne Howland • Dec. 2, 2022

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 Ben Unglesbee • Dec. 2, 2022

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

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