Distressed Retail: Page 2
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Retrieved from Anagram website on November 09, 2023
Party City balloon supplier Anagram exits bankruptcy
In a deal with a group of investors, the balloon manufacturer will operate as an independent company and continue supplying Party City.
By Nate Delesline III • Jan. 4, 2024 -
Kendall Davis/Retail Dive
Podcast
The Backroom: Doug Stephens’ retail predictions for 2024
The retail and branding expert discusses the state of the consumer, the habits companies should leave behind in 2023 and what lies ahead in the new year.
By Retail Dive Staff • Dec. 28, 2023 -
Trendline
Top 5 stories from Retail Dive
Though some of the problems of the pandemic have waned, retail continues to reel from C-suite turnover and layoffs.
By Retail Dive staff -
Courtesy of Zulily
Zulily goes out of business, plans to liquidate
The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership.
By Nate Delesline III • Dec. 26, 2023 -
Permission granted by Rite Aid
Rite Aid banned from use of facial recognition tech for 5 years
The company’s “reckless” use of the technology harmed customers, the FTC said.
By Nate Delesline III • Dec. 20, 2023 -
FG Trade via Getty Images
With website down, Zulily’s future in doubt
The e-commerce retailer's website is currently "down for maintenance," following layoffs.
By Nate Delesline III • Dec. 19, 2023 -
Roy Rochlin / Stringer via Getty Images
Amyris to sell JVN brand for $1.25M
Windsong Global was the successful bidder. Rose and Stripes were also auctioned off as part of Amyris' bankruptcy process.
By Dani James • Dec. 18, 2023 -
Courtesy of Showfields
Showfields landlord, funders voice concern over bankruptcy financing
The retailer's Brooklyn landlord objected to its proposed DIP financing, alleging Showfields has insiders involved with the lender. Meanwhile, the CEO said the company is working on "reaching a resolution" with creditors.
By Dani James • Dec. 15, 2023 -
Mall operator PREIT files for bankruptcy for the second time in 3 years
The mall REIT came to court with a plan to shed $880 million in debt and obtain $135 million in debtor-in-possession and exit revolver financing.
By Daphne Howland • Dec. 15, 2023 -
nathaphat/iStock via Getty Images
Zulily sues Amazon, alleges price-fixing
Zulily claims Amazon’s business practices hurt its bottom line. Amazon denies any wrongdoing.
By Nate Delesline III • Dec. 14, 2023 -
Courtesy of Zulily
Zulily to cut more than 800 jobs in 3 states amid reported shutdown
The company is going out of business, according to news reports and posts by employees on LinkedIn.
By Nate Delesline III • Dec. 11, 2023 -
Presley Ann / Stringer via Getty Images
SmileDirectClub shuts down, leaving customers without support
The DTC dental company filed for bankruptcy earlier this year hoping to undergo a going-concern transaction, but has now closed its operations.
By Dani James • Dec. 11, 2023 -
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 -
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
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