Distressed Retail: Page 4
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"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 Vembar , 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 -
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 -
Global Brands to wind down
The company, which owns brands and makes products for others, has been facing severe liquidity shortages and strains from the pandemic.
By Ben Unglesbee • Nov. 9, 2021 -
Shutterstock, by DGLimages
Sponsored by Oracle RetailConsumers already holiday shopping to avoid the supply chain grinch
Oracle Retail survey finds consumers on edge over high prices, out-of-stock products and delivery delays.
By Rose Spicer • Nov. 8, 2021 -
CBL exits bankruptcy, jettisons $1.7B in debt
The mall operator filed for Chapter 11 last fall as retail bankruptcies and unpaid rent during the pandemic's worst months took their toll.
By Ben Unglesbee • Nov. 2, 2021 -
Ryan Pierse via Getty Images
Sequential sells activewear brands to private equity for $330M
The brand conglomerate struggled under a heavy debt load until it declared bankruptcy earlier this year and made plans to sell its assets.
By Daphne Howland • Nov. 1, 2021 -
Washington Prime Group CEO out as bankruptcy winds up
The mall REIT is now majority owned by investment firm SVP Global, after debt forgiveness that helped lighten its load by almost $1 billion.
By Daphne Howland • Oct. 22, 2021 -
Tailored Brands hires Neiman Marcus vet for CFO spot
Brandy Richardson, former financial chief for the luxury department store, joins another company trying to move on from a bankruptcy last year.
By Ben Unglesbee • Oct. 20, 2021 -
Courtesy of Lululemon
ColumnThe Weekly Closeout: Mirror plans Canada launch and what's with all the e-commerce spinoffs?
Lululemon will expand the home fitness tech to nearly 200 stores, and Macy's is encouraged to follow department store Saks on a strange path.
By Retail Dive Staff • Oct. 8, 2021 -
The image by Dtobias is licensed under CC BY-SA 4.0
7 mall stores you forgot about
What is it about the mall experience that stokes nostalgia? Here's a look back at some of the brands that once loomed large in shopping centers.
By Kaarin Vembar • Oct. 7, 2021
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