Distressed Retail: Page 2

  • External shot of the Showfields store in Miami.
    Image attribution tooltip
    Permission granted by Showfields
    Image attribution tooltip

    All Showfields stores close

    The company, now in bankruptcy, has showcased DTC brands, which until recently have largely avoided wholesale partnerships or physical retail.

    By • Jan. 12, 2024
  • Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Fitch: ‘Rising headwinds’ are rushing toward consumers in 2024

    During a panel at the ICR conference, the ratings agency predicted shoppers will seek out greater value in 2024 as high debt levels and reduced savings catch up to them.

    By • Jan. 9, 2024
  • The entrance to a mall, with a white pickup truck parked to the right. Explore the Trendlineâž”
    Image attribution tooltip
    "Dartmouth Mall, Dartmouth, Massachusetts" by JJBers is licensed under CC BY 2.0
    Image attribution tooltip
    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
  • Stacked white boxes of makeup on a black store display
    Image attribution tooltip
    Gabe Ginsberg / Stringer via Getty Images
    Image attribution tooltip

    Influencer Jaclyn Hill’s namesake beauty brand shuts down

    Jaclyn Cosmetics was housed under Forma Brands, which filed for bankruptcy in early 2023.

    By • Jan. 5, 2024
  • Marketing copy from balloon maker Anagram's website
    Image attribution tooltip
    Retrieved from Anagram website on November 09, 2023
    Image attribution tooltip

    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 • Jan. 4, 2024
  • A quotation mark on a blue background.
    Image attribution tooltip
    Kendall Davis/Retail Dive
    Image attribution tooltip
    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
  • Zulily's webpage
    Image attribution tooltip
    Courtesy of Zulily
    Image attribution tooltip

    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 • Dec. 26, 2023
  • A Rite Aid pharmacy storefront
    Image attribution tooltip
    Permission granted by Rite Aid
    Image attribution tooltip

    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 • Dec. 20, 2023
  • Young woman online shopping using the laptop at home
    Image attribution tooltip
    FG Trade via Getty Images
    Image attribution tooltip

    With website down, Zulily’s future in doubt

    The e-commerce retailer's website is currently "down for maintenance," following layoffs.

    By • Dec. 19, 2023
  • Photo of Jonathan Van Ness at movie premier
    Image attribution tooltip
    Roy Rochlin / Stringer via Getty Images
    Image attribution tooltip

    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
  • Interior of a Showfields store. Shelves are painted green and feature a variety of products like skateboards and beauty items. The floor is green and white checks.
    Image attribution tooltip
    Courtesy of Showfields
    Image attribution tooltip

    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
  • The entrance to a mall, with a white pickup truck parked to the right.
    Image attribution tooltip
    "Dartmouth Mall, Dartmouth, Massachusetts" by JJBers is licensed under CC BY 2.0
    Image attribution tooltip

    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 • Dec. 15, 2023
  • Wooden brown judge gavel on the table, with an book opened and blurred in the background.
    Image attribution tooltip
    nathaphat/iStock via Getty Images
    Image attribution tooltip

    Zulily sues Amazon, alleges price-fixing

    Zulily claims Amazon’s business practices hurt its bottom line. Amazon denies any wrongdoing.

    By • Dec. 14, 2023
  • Zulily's webpage
    Image attribution tooltip
    Courtesy of Zulily
    Image attribution tooltip

    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 • Dec. 11, 2023
  • SmileDirectClub branded napkin, retainer holder and mirror on a table
    Image attribution tooltip
    Presley Ann / Stringer via Getty Images
    Image attribution tooltip

    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
  • A bright green facade says "Joann" in white capital letters, and "handmade happiness" in white script. A mural in various shades of green depicts a cityscape.
    Image attribution tooltip
    Courtesy of Joann
    Image attribution tooltip

    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 • Dec. 5, 2023
  • A Rite Aid pharmacy storefront
    Image attribution tooltip
    Permission granted by Rite Aid
    Image attribution tooltip

    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
  • Two people wearing casual Lacoste and Bandier branded tennis athleisure apparel pose outdoors.
    Image attribution tooltip
    Retrieved from Lacoste on August 16, 2023
    Image attribution tooltip

    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
  • Display of various skin care bottles from Disco
    Image attribution tooltip
    Courtesy of Disco
    Image attribution tooltip

    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
  • A general view of atmosphere at the New York Magazine + Bloomingdale's celebration of the new Mitchell Gold + Bob Williams Shop-in-Shop at Bloomingdale's on March 8, 2018 in New York City.
    Image attribution tooltip
    Craig Barritt via Getty Images
    Image attribution tooltip

    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 • Nov. 20, 2023
  • Marketing copy from balloon maker Anagram's website
    Image attribution tooltip
    Retrieved from Anagram website on November 09, 2023
    Image attribution tooltip

    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 • Nov. 13, 2023
  • A Rite Aid pharmacy storefront
    Image attribution tooltip
    Permission granted by Rite Aid
    Image attribution tooltip

    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 • Nov. 8, 2023
  • A general view of atmosphere at the New York Magazine + Bloomingdale's celebration of the new Mitchell Gold + Bob Williams Shop-in-Shop at Bloomingdale's on March 8, 2018 in New York City.
    Image attribution tooltip
    Craig Barritt via Getty Images
    Image attribution tooltip

    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 • Oct. 30, 2023
  • Display of various Hello Bello products in packages and bottles on a yellow background
    Image attribution tooltip
    Courtesy of Hello Bello
    Image attribution tooltip

    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
  • Three lanterns adorn a storefront with sale signs in the windows.
    Image attribution tooltip
    "Z Gallerie Closing Sale Shops At Sunset Place, South Miami, in 2019." by Phillip Pessar is licensed under CC BY 2.0
    Image attribution tooltip

    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 • Oct. 23, 2023
  • Stack of old books with leather covers
    Image attribution tooltip
    Konoplytska via Getty Images
    Image attribution tooltip

    Tattered Cover parent company files for Chapter 11

    The independent book retailer is restructuring as it enters a critical holiday season.

    By • Oct. 19, 2023