Distressed Retail: Page 4
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Courtesy of Conn's
Conn’s files for Chapter 11 bankruptcy
The retailer has started the process of running going-out-of-business sales across its fleet and selling off its assets.
By Nate Delesline III • July 24, 2024 -
Courtesy of Conn's
Conn’s to close over 70 stores amid bankruptcy speculation
The closures represent about 13% of its store fleet and come amid a Bloomberg report that the home retailer is prepping to file for bankruptcy.
By Nate Delesline III • July 23, 2024 -
Courtesy of Walgreens
S&P Global Ratings downgrades Walgreens, citing struggles in both pharmacy and retail
The drugstore retailer faces debt maturities, and the upending of some strategies introduces new uncertainties, analysts said.
By Daphne Howland • July 22, 2024 -
Daphne Howland/Retail Dive
The Body Shop acquired out of UK administration
Investors including Auréa Group, whose portfolio is centered on DTC beauty brands, will acquire the decades-old retailer for an undisclosed amount.
By Daphne Howland • July 17, 2024 -
Brandon Bell via Getty Images
Express bankruptcy spurs layoffs at Ohio facility
The company's partner, Bath & Body Works Logistics Services, is shrinking its distribution operations for the apparel retailer due to declines in volume.
By Philip Neuffer • July 8, 2024 -
Scott Olson via Getty Images
Saks Fifth Avenue parent company to acquire Neiman Marcus Group for $2.6B
The rival companies will continue to operate independently, and the deal is partially funded by e-commerce giant Amazon.
By Stephanie Arnold • July 5, 2024 -
Nate Delesline III/Retail Dive
Sam Ash assets acquired for $15.2M
Mexican company Gonher is purchasing “substantially all” of its assets, following the music retailer's Chapter 11 bankruptcy in May.
By Nate Delesline III • July 3, 2024 -
All Bob’s Stores locations to close
The retailer was unable to secure the financing necessary to keep operating. The fate of sibling Eastern Mountain Sports remains unclear.
By Daphne Howland • July 2, 2024 -
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
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