Distressed Retail: Page 13
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Courtesy of Enjoy Technology
Another Enjoy Technology CFO out as it faces cash crisis
The commerce-at-home company — led by former J.C. Penney CEO Ron Johnson — can't keep up with its spiraling costs.
By Ben Unglesbee • June 2, 2022 -
Courtesy of Triple Five Worldwide
American Dream lost $60M last year
On top of the pandemic's challenges, the sprawling, experience-rich, debt-ridden mall has been beset by several delays and mishaps.
By Daphne Howland • May 4, 2022 -
Courtesy of REI
ColumnThe Weekly Closeout: REI expands run assortment and Farfetch enters beauty
The outdoors retailer will also improve employee training in the category. Meanwhile, the luxury platform will offer a "curated edit" of beauty items.
By Retail Dive Staff • April 22, 2022 -
Courtesy of Rite Aid
Rite Aid guidance could signal its ability to survive: analyst
The drugstore chain's losses have expanded, and it could face a decline in spending related to COVID-19.
By Ben Unglesbee • April 13, 2022 -
Daphne Howland/Retail Dive
Retail bankruptcy risks still low after 2020's flood: report
The pandemic surge in filings culled some weak players, while last year's boom in retail sales fueled turnarounds for others.
By Ben Unglesbee • April 12, 2022 -
Daphne Howland/Retail Dive
As long-running legal feud slogs on, Lampert and Sears Holdings creditors ordered to mediation
The former head of the department store company has been accused of transferring billions of dollars in assets to himself.
By Ben Unglesbee • April 8, 2022 -
Courtesy of Dick's Sporting Goods
ColumnThe Weekly Closeout: Dick's names ambassadors for Calia brand and Walmart sweetens perks for sellers
The sporting goods retailer brought on four brand ambassadors to replace Carrie Underwood, while the mass merchant is offering sellers discounts on commission rates.
By Retail Dive Staff • April 8, 2022 -
Retrieved from Sundry on January 25, 2022
Less than a year after IPO, Digital Brands warns it could file bankruptcy
The DTC company is looking to grow sales and its brand stable, but losses have expanded and it has warned it could suffer without sufficient capital.
By Ben Unglesbee • April 1, 2022 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
After nearly a decade in the red, Destination XL posts record profit and sales
After the financial travails of the pandemic, the big-and-tall retailer has paid down debt and is focused on cementing its relationship with core customers.
By Ben Unglesbee • March 22, 2022 -
Selling out: What retail leaders need to know before striking a deal with private equity
As Kohl's and others field bids, it's worth noting that more than 40% of past buyouts and acquisitions have gone bankrupt.
By Ben Unglesbee • Feb. 15, 2022 -
Daphne Howland/Retail Dive
Party City gets an upgrade from Fitch as sales improve
After a deeply challenging 2020, the party goods supplier is climbing out of a large hole, but it still has a long way to go.
By Ben Unglesbee • Feb. 2, 2022 -
Daphne Howland/Retail Dive
Sears gets smaller with Florida store closure
Kmart and Sears department stores are an endangered species, with just a few of each remaining — and the count is getting smaller all the time.
By Ben Unglesbee • Jan. 24, 2022 -
Courtesy of BH Cosmetics
BH Cosmetics files under Chapter 11
The indie brand has succumbed to challenges brought on by the pandemic, despite high-profile partnerships last year with Iggy Azalea and Doja Cat.
By Daphne Howland • Jan. 21, 2022 -
The story of Toys R Us' bankruptcy is still unfolding, and it still matters
In ongoing litigation, former suppliers to the retailer allege its leaders should never have signed on to bankruptcy financing that triggered its liquidation.
By Ben Unglesbee • Jan. 20, 2022 -
Chris J Ratcliffe / Stringer via Getty Images
Morgan Stanley 'less confident' in Gap Inc. leadership
The mall-based retailer recently missed its third quarter earnings and cut its full year guidance due to supply chain and inventory constraints.
By Maria Monteros • Jan. 20, 2022 -
Women's fashion retailer Escada America files for bankruptcy
After lawsuits from landlords and ongoing pandemic disruption, the company is trying to close some stores to preserve operations.
By Ben Unglesbee • Jan. 19, 2022 -
Daphne Howland/Retail Dive
Deep DiveHow Macy's set out to conquer the department store business — and lost
At the dawn of the 21st century, the 160-year-old retailer expanded amid the sector's steep decline. What now?
By Daphne Howland • Jan. 10, 2022 -
Mario Tama/Getty Images via Getty Images
Deep Dive10 retail trends to watch in 2022
Last year upended some trends and accelerated others. What will 2022 bring for retailers?
By Daphne Howland , Ben Unglesbee , Cara Salpini , Kaarin Moore , Caroline Jansen , Maria Monteros • Jan. 4, 2022 -
Courtesy of Rite Aid
Rite Aid to close about 60 stores, with more likely to come
With losses mounting again, the drugstore retailer is trying to cut costs as it reevaluates its footprint.
By Ben Unglesbee • Dec. 21, 2021 -
Daphne Howland/Retail Dive
Sears owner plans to sell its corporate HQ
The sale would be yet one more disposed asset in an ongoing fire sale by the shrinking retailer.
By Ben Unglesbee • Dec. 17, 2021 -
(2007). Retrieved from Wikimedia Commons.
99 Cents Only downgraded by Moody's
The dollar store chain, based largely in the Southwest, has underperformed compared to its peers during the pandemic and struggled to pay down its debt.
By Ben Unglesbee • Dec. 15, 2021 -
Adeline Kon/Retail Dive
How money shapes retail
A close look into the many ways financial interests and players shape the industry and the lives of companies.
By Ben Unglesbee • Dec. 8, 2021 -
Saeyong Ra, John. (2007). "Sean John" [photograph]. Retrieved from Flickr Pro.
Sean Combs regains control of Sean John brand for $7.6M
The streetwear label was founded by Combs in 1998, who maintained a stake when it was sold to brand holding company GBG five years ago.
By Daphne Howland • Updated Dec. 22, 2021 -
FatCamera via Getty Images
Sponsored by ProductsupLeave commerce chaos behind in 2021. Ring in 2022 with P2C.
Only a P2C strategy will help retailers tame commerce chaos in 2022.
Dec. 1, 2021 -
Kmart is closing its last store in birthplace of Michigan
A decade ago, Kmart had more than 1,300 stores under its banner. Today it has less than two dozen — and counting.
By Ben Unglesbee • Nov. 17, 2021
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