Distressed Retail: Page 7


  • A bright green facade says "Joann" in white capital letters, and "handmade happiness" in white script. A mural in various shades of green depicts a cityscape.
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    Courtesy of Joann
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    Joann raises cost savings target to $225M

    The craft retailer is working to improve its cash flow, but its $1 billion-plus debt load remains a concern.

    By Nate Delesline III • Dec. 5, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid plans to sell 79 more stores

    The drugstore chain has been shedding leases as a way to optimize its portfolio following its Chapter 11 bankruptcy. 

    By Tatiana Walk-Morris • Dec. 5, 2023
  • Two people wearing casual Lacoste and Bandier branded tennis athleisure apparel pose outdoors.
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    Retrieved from Lacoste on August 16, 2023
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    Activewear brand Bandier seeks buyer for IP, assets

    After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.

    By Dec. 1, 2023
  • Display of various skin care bottles from Disco
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    Courtesy of Disco
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    Men’s skin care brand Disco shuts down amid bankruptcy

    The company filed for Chapter 7 bankruptcy last week after its debt provider foreclosed on it, according to a LinkedIn post from founder Benjamin Smith.

    By Nov. 22, 2023
  • A general view of atmosphere at the New York Magazine + Bloomingdale's celebration of the new Mitchell Gold + Bob Williams Shop-in-Shop at Bloomingdale's on March 8, 2018 in New York City.
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    Craig Barritt via Getty Images
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    After months in limbo, some products from bankrupt Mitchell Gold may finally reach customers

    At the same time, home goods company Surya acquired the Mitchell Gold + Bob Williams brand, with plans to start shipping products in Q1.

    By Nov. 20, 2023
  • Marketing copy from balloon maker Anagram's website
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    Retrieved from Anagram website on November 09, 2023
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    Party City-owned balloon supplier files for bankruptcy

    Anagram entered Chapter 11 amid uncertainty around its supply contract with the retailer, which is its corporate parent and largest customer.

    By Nov. 13, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid wants to sell 92 more store leases in Chapter 11

    The offering is in addition to 78 leases and 21 stores and land parcels that went up for sale in mid-October as the retailer restructures in bankruptcy.

    By Nate Delesline III • Nov. 8, 2023
  • A general view of atmosphere at the New York Magazine + Bloomingdale's celebration of the new Mitchell Gold + Bob Williams Shop-in-Shop at Bloomingdale's on March 8, 2018 in New York City.
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    Craig Barritt via Getty Images
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    Bankrupt Mitchell Gold and Ryder reach deal on undelivered products

    Customers would have to pay the logistics provider to release and deliver goods that in many cases were purchased, with shipping fees, months ago.

    By Oct. 30, 2023
  • Display of various Hello Bello products in packages and bottles on a yellow background
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    Courtesy of Hello Bello
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    Hello Bello files for bankruptcy amid supply chain setbacks

    The baby care company — founded by celebrities Kristen Bell and Dax Shepard — has agreed to a stalking horse bid from private equity firm Hildred Capital Management.

    By Oct. 24, 2023
  • Another furniture retailer prepares to liquidate

    Z Gallerie, which exited another bankruptcy last year and had also filed in 2009, still hopes to sell itself. 

    By Oct. 23, 2023
  • Stack of old books with leather covers
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    Konoplytska via Getty Images
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    Tattered Cover parent company files for Chapter 11

    The independent book retailer is restructuring as it enters a critical holiday season.

    By Nate Delesline III • Oct. 19, 2023
  • David’s Bridal promotes slate of company veterans in preparation for post-bankruptcy turnaround

    The special-occasion apparel chain struggled after its previous Chapter 11 exit in 2018 as the pandemic roiled its business.

    By Oct. 19, 2023
  • Rite Aid storefront.
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    Courtesy of Rite Aid
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    Rite Aid gets court OK for nearly $3.5B in bankruptcy financing

    The pharmacy retailer also wants to sell nearly 100 store leases, properties and pieces of land in 12 states as it looks to restructure.

    By Nate Delesline III • Oct. 18, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid files for Chapter 11 bankruptcy, names new CEO

    The pharmacy retailer plans to use bankruptcy to shrink its store footprint and manage a nearly $4 billion debt load.

    By Nate Delesline III • Oct. 16, 2023
  • Storefront of a Party City.
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    Nate Delesline III/Retail Dive
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    Party City emerges from bankruptcy, CEO to exit

    Brad Weston will step down from the top executive role, while current Chief Commercial Officer Sean Thompson will become the company’s interim.

    By Oct. 13, 2023
  • A display of Tupperware products on shelves.
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    Justin Sullivan via Getty Images
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    Tupperware’s executive vice chair to exit

    Richard Goudis plans to resign from the company after about three years once Tupperware files its 2022 annual report.

    By Oct. 10, 2023
  • Halloween is a $12B business. Why that couldn’t save Party City

    The specialty retailer relies heavily on the holiday, but growing participation and spending wasn't enough to spare it from bankruptcy.

    By Oct. 10, 2023
  • External shot of the Showfields store in Miami.
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    Permission granted by Showfields
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    Showfields files for bankruptcy

    The department store retailer recently closed two of its stores, in Miami and New York City’s Manhattan borough, but is eyeing expansion elsewhere.

    By Oct. 9, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid faces NYSE delisting

    News of the company's possible removal from the New York Stock Exchange follows talks of a possible bankruptcy filing.

    By Nate Delesline III • Oct. 5, 2023
  • An Instant Pot digital cooker with the control panel illuminated on a white background
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    Permission granted by Instant Brands
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    Court approves sale of Instant Brands to private equity firm Centre Lane Partners

    The maker of popular kitchen brands including Instant Pot, Corelle and Pyrex said the deal would help fix its unsustainable capital structure.

    By Oct. 5, 2023
  • Two people walk by a Bed Bath & Beyond store on a cloudy day.
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    Daphne Howland/Retail Dive
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    Chapter 11 filings by businesses soar 61% so far this year, report finds

    More small businesses and consumers also turned to bankruptcy in the first nine months of 2023, per Epiq and the American Bankruptcy Institute.

    By Oct. 4, 2023
  • SmileDirectClub branded napkin, retainer holder and mirror on a table
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    Presley Ann / Stringer via Getty Images
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    SmileDirectClub files for Chapter 11 bankruptcy

    The dental company's financial issues partially stemmed from the COVID-19 pandemic. Now it plans to liquidate if it can't find a buyer.

    By Oct. 2, 2023
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    Yujin Kim/Retail Dive
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    Deep Dive

    11 retailers at risk of bankruptcy in 2023

    From Joann and Rite Aid to Petco and The Container Store, here’s who’s most at risk in the next 12 months.

    By Oct. 2, 2023
  • A Mitchell Gold + Bob Williams storefront.
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    ‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo

    Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.

    By Sept. 28, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid could close hundreds of stores in possible bankruptcy: WSJ

    The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.

    By Nate Delesline III • Sept. 25, 2023