Distressed Retail: Page 7
-
Bed Bath & Beyond receives Nasdaq warning over late 10-Q
The distressed retailer has until March 13 to regain Nasdaq listing compliance by submitting the financial report.
By Nate Delesline III • Jan. 20, 2023 -
Column
The Weekly Closeout: Amazon discontinues charity program, Stitch Fix takes to Twitter for CEO search
The e-commerce giant is ending its AmazonSmile program after a decade and the styling service is seeking out CEO applicants via social media.
By Retail Dive Staff • Jan. 20, 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 -
Judge grants Party City immediate access to $75M bankruptcy loan
The remainder of a $150 million debtor-in-possession loan will not be released until February.
By Nate Delesline III • Jan. 19, 2023 -
Party City files for bankruptcy with plans to shed debt
The retailer has a deal with bondholders to pursue an “expedited restructuring” aimed at improving its capital structure and liquidity.
By Nate Delesline III • Jan. 18, 2023 -
Olympia Sports’ intellectual property headed to auction
The retailer, which once had a footprint of 230 stores, is among the latest retail brand names up for grabs following a Chapter 11 bankruptcy.
By Nate Delesline III • Jan. 13, 2023 -
Morphe parent company files for Chapter 11 bankruptcy
Forma Brands — which also operates Playa Beauty and Jaclyn Cosmetics — has entered a proposed $33 million acquisition deal with lenders.
By Dani James • Jan. 12, 2023 -
Fitch: Gulf between retail’s winners and losers to widen in 2023
Default rates will likely remain low, but the firm is watching for bankruptcies from major players like Party City, Rite Aid and Bed Bath & Beyond.
By Cara Salpini • Jan. 10, 2023 -
Boxed considers selling itself amid cash crunch
The online retailer, which is trying to shore up its liquidity and boost its sagging stock price, also said it is “actively exploring” ways to bring in additional capital.
By Sam Silverstein • Jan. 6, 2023 -
Bed Bath & Beyond warns it could file for bankruptcy
The struggling home retailer issued a "going concern" warning as sales continue to slide and losses widen.
By Caroline Jansen • Jan. 5, 2023 -
Sears Hometown stores disappearing from rural America
Liquidation sales are ongoing at 115 locations across 36 states and Puerto Rico, amid the Sears-affiliated home goods retailer's bankruptcy.
By Daphne Howland • Jan. 4, 2023 -
Vince Holding sells intellectual property of Rebecca Taylor
The IP was purchased by an affiliate of Ramani Group and is part of a strategic effort announced last year to shut down the fashion brand.
By Kaarin Vembar • Jan. 3, 2023 -
Revlon set to exit bankruptcy by April
If a judge approves, the beauty company will conclude its Chapter 11 process with its lenders as its new owners, but what happens next remains uncertain.
By Daphne Howland • Dec. 22, 2022 -
Party City faces NYSE delisting
The troubled retailer has six months to regain compliance with the New York Stock Exchange’s minimum share price requirement.
By Kaarin Vembar • Dec. 20, 2022 -
Deep Dive
What is Revlon’s next chapter?
The brand was exploring a sale even before the pandemic, but the current environment isn’t ideal for a bankrupt company trying to figure out next steps.
By Kaarin Vembar • Dec. 14, 2022 -
Sears Hometown files for bankruptcy amid disputes with ‘new Sears’
Financial strain and a lack of inventory led to the move, three years after Eddie Lampert-run TransformCo reacquired the home goods chain.
By Daphne Howland • Dec. 13, 2022 -
A look at Bed Bath & Beyond’s tumultuous year
The distressed home retailer experienced a C-suite shakeout, strategy pivot and a board refresh as it continues to work on turning the business around.
By Caroline Jansen • Dec. 7, 2022 -
Digital Brands closes on $10M stock offer to fund acquisitions
The DTC conglomerate may at last be close to finalizing its deal to buy women’s apparel brand Sundry, first announced in January.
By Daphne Howland • Dec. 2, 2022 -
Party City back in creditor talks amid cash crunch: Bloomberg
The retailer is once again struggling as consumers pull back amid heavy inflation and its liquidity dwindles.
By Ben Unglesbee • Dec. 2, 2022 -
10 of the biggest retail stories in 2022
From potential bankruptcies to off-price retailer turmoil, this year came with macroeconomic pressures for companies across the board.
By Retail Dive Staff • Dec. 2, 2022 -
Fitch downgrades Party City as maturities loom
The party goods retailer is fast losing any financial cushion, its turnaround is uncertain and restructuring is “probable,” Fitch analysts said last week.
By Daphne Howland • Nov. 14, 2022 -
American Dream cuts a deal with lenders to extend debt
The arrangement could give the massive mall in New Jersey more time after a tumultuous financial ride since opening.
By Ben Unglesbee • Nov. 11, 2022 -
Revlon’s sales down 10% as it tries to right itself in Ch. 11
The cosmetics giant has worked to firm up relationships with suppliers and is also fielding potential interest in buying the company out of bankruptcy.
By Ben Unglesbee • Nov. 9, 2022 -
Column
The Weekly Closeout: DSW bets on shoe repair and Under Armour finally addresses athleisure
Shoppers can drop off their worn shoes at the footwear retailer’s stores. And the athletics brand is broadening its assortment.
By Retail Dive Staff • Nov. 4, 2022 -
Bed Bath & Beyond files to sell more stock
Following the sale of 12 million shares earlier this year, the struggling retailer submitted paperwork to sell an additional $150 million worth of shares.
By Caroline Jansen • Oct. 28, 2022 -
Podcast
The Backroom: Retail bankruptcies are poised for a comeback
What can we learn about the industry as a whole by looking at its weakest players?
By Retail Dive Staff • Oct. 27, 2022