Distressed Retail: Page 5
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Daphne Howland/Retail Dive
Bed Bath & Beyond, finally in Chapter 11, is going out of business
The struggling home goods retailer has been searching for a buyer since last year to no avail, and, after much delay, filed for bankruptcy.
By Daphne Howland • April 24, 2023 -
Courtesy of Skechers
ColumnThe Weekly Closeout: Nike releases first virtual collection and Skechers partners with Mr. T
The athletics retailer is unveiling its first digital collection since launching the .Swoosh platform, while the footwear brand is embracing the “t” in Skechers.
By Retail Dive Staff • April 21, 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 -
Daphne Howland/Retail Dive
Why hasn’t Bed Bath & Beyond filed for bankruptcy yet?
The struggling home goods retailer has been pulling all kinds of levers, leaving many to wonder why it hasn’t sought Chapter 11 protection by now.
By Daphne Howland • April 20, 2023 -
Kaarin Vembar/Retail Dive
David’s Bridal owes $27.5M to vendors as it charts course in bankruptcy
The wedding apparel retailer owes millions to the joint venture that procures the bulk of its merchandise outside North America.
By Ben Unglesbee • April 20, 2023 -
David’s Bridal is prepared to liquidate if it can’t find a buyer
Even if the retailer does stay in business under new ownership, it’s likely to shrink its fleet of nearly 300 stores.
By Daphne Howland • April 18, 2023 -
David’s Bridal takes another walk down the bankruptcy aisle
The bridal retailer launched several initiatives since exiting Chapter 11 four years ago, but the pandemic and the economy have taken a toll.
By Daphne Howland • April 17, 2023 -
Courtesy of Netflix
ColumnThe Weekly Closeout: Lacoste partners with Netflix and is David’s Bridal considering bankruptcy?
The fashion brand is releasing a collection based on “Bridgerton” and other shows, while the wedding retailer could be looking at a Chapter 22.
By Retail Dive Staff • April 14, 2023 -
zefart via Getty Images
Catalog retailer AmeriMark Interactive files for bankruptcy
The company, which also operates through e-commerce, saw total revenue drop by about $375 million in 2022 compared to the year before.
By Dani James • April 13, 2023 -
Daphne Howland/Retail Dive
With suppliers still wary, Bed Bath & Beyond banks on $120M consignment deal
One analyst calls it “way too late and beyond a desperate move.”
By Ben Unglesbee • April 10, 2023 -
Nate Delesline III/Retail Dive
Shoe City files for Chapter 11 bankruptcy
The retailer plans to liquidate its 39 stores by the end of next month, citing an inability to repay creditors.
By Nate Delesline III • April 7, 2023 -
Bruce Bennett via Getty Images
Bed Bath & Beyond faces lawsuit over Harmon layoffs
A former store manager says the company violated state and federal law by failing to give proper notice under the WARN Act.
By Nate Delesline III • April 5, 2023 -
Revlon will wipe out $2.7B in debt as it exits bankruptcy later this month
The cosmetics giant will leave Chapter 11 as a private company in coming weeks, with $285 million in fresh liquidity and $1.5 billion in debt.
By Daphne Howland • April 4, 2023 -
Daphne Howland/Retail Dive
Former Bed Bath & Beyond CEO sues over unpaid severance
Mark Tritton alleges that the retailer stopped payments on his $6.76 million severance agreement in January.
By Nate Delesline III • April 3, 2023 -
Courtesy of Boxed
Boxed files for Chapter 11 bankruptcy
The company intends to sell its software business while it winds down retail operations over the next several weeks.
By Jeff Wells • April 3, 2023 -
Bruce Bennett via Getty Images
Bed Bath & Beyond again warns of bankruptcy as it seeks to sell $300M in stock
The retailer terminated an earlier deal with Hudson Bay Capital Management that sought to raise over $1 billion.
By Nate Delesline III • March 31, 2023 -
Gabe Ginsberg / Stringer via Getty Images
Lenders acquire bankrupt Morphe owner for $690M
Forma Brands reached an agreement to be acquired by Jefferies Finance and Cerberus Capital Management after filing for Chapter 11 in January.
By Nate Delesline III • March 30, 2023 -
KLH49 via Getty Images
US retail sector leads corporate defaults: S&P Global
Retail faces continuing challenges with logistics, labor and supplier cost inflation, which is squeezing margins, as consumers pull back.
By Nate Delesline III • March 22, 2023 -
Cara Salpini/Retail Dive
Scotch & Soda files for bankruptcy in Netherlands
The fashion brand has been steadily expanding its direct-to-consumer footprint globally, and only business in its home country will be impacted by the proceedings.
By Dani James • March 22, 2023 -
Daphne Howland/Retail Dive
Bed Bath & Beyond proposes reverse stock split
The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.”
By Nate Delesline III • March 20, 2023 -
Big Lots reports furniture shortages after largest supplier abruptly closes
The shutdown of vendor United Furniture Industries pressured the discount retailer's e-commerce sales.
By Alejandra Salgado • March 16, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning wants to close over 250 stores
The discount retailer says it “has too many stores” and needs a smaller brick-and-mortar footprint to remain a viable business.
By Nate Delesline III • March 10, 2023 -
Bruce Bennett via Getty Images
S&P upgrades Bed Bath & Beyond but warns of ongoing concerns
The retailer remains in a precarious financial position with the outcome of its turnaround plan uncertain.
By Nate Delesline III • March 7, 2023 -
Caroline Jansen/Retail Dive
11 digitally native retailers at risk of bankruptcy
These companies were meant to be disruptors to the industry. But as macroeconomic pressures intensify and capital gets harder to find, they may be put to their biggest test.
By Caroline Jansen • March 6, 2023 -
Adeline Kon/Retail Dive
TrackerThe running list of major retail bankruptcies
The first major bankruptcies this year both arrived in March: The Body Shop’s U.S. operations fell into Chapter 7 after woes at its parent company and Joann filed for Chapter 11 with plans to cut debt by $500 million.
By Retail Dive Staff • Updated March 21, 2024 -
Nate Delesline III/Retail Dive
Party City plans to close 22 stores in bankruptcy
Twelve of the locations are already up for auction, and the total number of closures could change as the retailer continues to evaluate its footprint.
By Nate Delesline III • Feb. 17, 2023
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