Distressed Retail: Page 4
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Eastern Mountain Sports, Bob’s Stores file for bankruptcy
The chains, in a “liquidity crisis” since their bank found them to be in default, required emergency funding to make payroll Friday.
By Daphne Howland • June 21, 2024 -
Courtesy of Big Lots
ColumnThe Weekly Closeout: Big Lots issues ‘going concern’ warning and Amazon ditches plastic air pillow packaging
The discount retailer said it may not meet its credit and term loan obligations, while Amazon aims to drop plastic air pillows in North American shipments by the holidays.
By Retail Dive Staff • June 21, 2024 -
Permission granted by Express
Express, Bonobos bought out of bankruptcy for $174M
A newly formed joint venture between WHP Global and mall owners Simon, Brookfield and Centennial will keep 450 stores open and 7,000 jobs intact.
By Nate Delesline III • June 17, 2024 -
Courtesy of Care/of
Care/of is shutting down
The vitamin and supplement company said it no longer has the needed funding to operate and has canceled all existing subscriptions.
By Caroline Jansen • June 17, 2024 -
Daphne Howland/Retail Dive
Ryan Cohen dodges Bed Bath & Beyond shareholder lawsuit
Claims that the activist investor collected “short-swing” profits, leaving shareholders holding the bag, are moot, a judge ruled Tuesday.
By Daphne Howland • June 12, 2024 -
Courtesy of Garnet Hill
Qurate faces Nasdaq delisting
The struggling company, which runs home shopping networks QVC and HSN and a small brand portfolio, has until Dec. 9 to regain share price compliance.
By Daphne Howland • June 11, 2024 -
Brett Dworski/Retail Dive
Q&AFoxtrot founder talks retailer’s struggles, resurgence and growth plans
Mike LaVitola is back in the driver seat and plans to reopen 15 stores this year. He discussed what led to the company's demise, where stores will open and more.
By Brett Dworski • June 11, 2024 -
Daphne Howland/Retail Dive
Landlords close in on acquisition of Express
With private equity-backed WHP Global, Brookfield and Simon Property Group have put up a stalking horse bid of some $160 million in cash and $38 million in assumed liabilities.
By Daphne Howland • June 7, 2024 -
Courtesy of Claire's, Hello Kitty
ColumnThe Weekly Closeout: Kirkland’s explores strategic alternatives as Claire’s celebrates Hello Kitty
The home retailer is also instituting a cost-savings plan as sales fell 5% in Q1. Meanwhile, the tween brand is honoring the iconic character’s 50th anniversary.
By Retail Dive Staff • June 7, 2024 -
Nate Delesline/Retail Dive
Dollar Tree acquires 99 Cents Only’s North American IP
The retailer also bought up the rights to 170 store leases, with plans to rebrand and reopen them “as early as fall 2024.”
By Nate Delesline III • May 30, 2024 -
Permission granted by Dollar General
ColumnThe Weekly Closeout: Dollar General taps store operations exec as PetSmart searches for a chief toy tester
Lee DeVille will lead operations for three of the discounter’s retail divisions. But the pet retailer’s new role requires a furrier candidate.
By Retail Dive Staff • May 17, 2024 -
Retrieved from Foxtrot website.
Foxtrot files for bankruptcy
The decision to file for Chapter 7 was made during a meeting with Outfox’s board of directors late last month.
By Brett Dworski • May 16, 2024 -
Courtesy of KidKraft
KidKraft files for Chapter 11 bankruptcy
The toy company plans to sell all of its U.S. and Canadian assets to Backyard Products.
By Tatiana Walk-Morris • May 13, 2024 -
Nate Delesline III/Retail Dive
Former Bed Bath & Beyond sues Hudson Bay investors for $300M
The lawsuit states that the hedge fund reaped a short-swing profit weeks before the retailer's bankruptcy. Hudson Bay disputes the claims.
By Nate Delesline III • May 13, 2024 -
Courtesy of Adidas
The Weekly Closeout: Joann exits bankruptcy while Adidas teams with Korn
The craft retailer has $153 million in new financing as it goes private and the athletic giant released a follow up to last year's partnership.
By Retail Dive Staff • May 10, 2024 -
The image by By Kazuhisa OTSUBO from Tokyo, Japan CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=69411735 is licensed under CC BY 2.0
Music retailer Sam Ash files for Chapter 11 bankruptcy
The retailer is evaluating a potential sale of its e-commerce operations, related intellectual property and wholesale business.
By Nate Delesline III • May 10, 2024 -
Daphne Howland/Retail Dive
Simon Property Group would put up no capital to buy Express
That price could explain why the mall REIT is willing to jump back into ownership of retail tenants after scaling back over the past several months.
By Daphne Howland • May 9, 2024 -
Kaarin Vembar/Retail Dive
Foxtrot’s assets to be sold this week
Friday’s foreclosure sale will include “substantially all of the assets” of the c-store retailer, including inventory, intellectual property, documents and more.
By Brett Dworski • May 8, 2024 -
Astrid Stawiarz via Getty Images
Ted Baker says North America bankruptcy due in part to failures by Authentic’s Europe and UK operators
The retailer said in court documents that suppliers were not paid, leading to shipment delays, order cancellations and merchandise shortages.
By Lara Ewen • May 6, 2024 -
In its third bankruptcy, Rue21 plans to shutter all locations
The apparel retailer massively downsized as it emerged from Chapter 11 in 2017. This time more than 540 stores will close for good.
By Daphne Howland • May 3, 2024 -
Nate Delesline III/Retail Dive
Music retailer Sam Ash to close all stores
The retailer, which has been in operation for 100 years, began store closing sales on Thursday.
By Nate Delesline III • May 3, 2024 -
Cara Salpini/Retail Dive
Over 45K retail stores may close in next 5 years: UBS
E-commerce penetration is expected to rise, helped in part by third-party players like Temu and Shein, according to a new report.
By Nate Delesline III • April 29, 2024 -
Courtesy of Joann
Joann to exit bankruptcy ‘in the coming days’ as reorganization plan gets court OK
The craft retailer expects to cut $505 million in debt and emerge from bankruptcy as a privately held company.
By Nate Delesline III • April 26, 2024 -
Courtesy of Pirch
High-end appliance retailer Pirch to liquidate in bankruptcy
The company faces lawsuits from customers and vendors, including one from American Express alleging potential fraud.
By Daphne Howland • April 23, 2024 -
Permission granted by Express
Express files Chapter 11, plans to close over 100 stores
All of the company’s UpWest stores will shutter as the retailer pursues a sale to WHP Global, Simon Property Group and Brookfield Properties.
By Nate Delesline III • April 22, 2024
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