Distressed Retail
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Daphne Howland/Retail Dive
Party City to close all stores in bankruptcy
About 14 months after emerging from Chapter 11, the retailer finds itself in bankruptcy court once again. This time, it’s liquidating.
By Caroline Jansen • Dec. 23, 2024 -
Courtesy of The Container Store
The Container Store files for bankruptcy, but it’s business as usual
Thanks to an agreement with most of its term loan lenders, the retailer will keep its stores and website open and emerge as a private company.
By Daphne Howland • Dec. 23, 2024 -
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, changes in ecommerce and reassessment of DEI policies.
By Retail Dive staff -
Nate Delesline III/Retail Dive
Big Lots to start going-out-of-business sales
The move comes as the company lays off over 500 employees at its corporate headquarters.
By Nate Delesline III • Dec. 20, 2024 -
Courtesy of Amazon
ColumnThe Weekly Closeout: Adidas headquarters searched, Amazon starts selling cars
The activewear brand is under investigation for tax and customs compliance, while the e-commerce giant is offering Hyundai cars through Amazon Autos.
By Retail Dive Staff • Dec. 13, 2024 -
Permission granted by Foxtrot
Outfox Hospitality faces $3.8M in labor penalties
The Illinois Department of Labor seeks back wages from the bankrupt retailer for failing to give workers 60 days’ notice before they were laid off.
By Jessica Loder • Dec. 11, 2024 -
Courtesy of The Container Store
NYSE moves to delist The Container Store
The home retailer has made several moves this year to strengthen its financial position as consumer reticence around discretionary spending persists.
By Nate Delesline III • Dec. 10, 2024 -
Daphne Howland/Retail Dive
Under new ownership, Lord & Taylor revives old logo and comeback dreams
The chief strategy officer at Regal Brands Global, which now runs the venerable department store, talks to Retail Dive about what comes next.
By Daphne Howland • Dec. 10, 2024 -
Kaarin Moore/Retail Dive
Lender group completes acquisition of Tupperware’s assets
Party Products LLC — made up of Stonehill Capital Management and Alden Global Capital — has acquired the company’s brand name and other assets.
By Howard Ruben • Dec. 4, 2024 -
Courtesy of The Container Store
Beyond’s $40M investment in The Container Store may be off
The Container Store’s failure to reach a satisfactory agreement with lenders puts their deal at risk, both retailers warned this week.
By Daphne Howland • Nov. 21, 2024 -
Daphne Howland/Retail Dive
Auction of struggling San Francisco Centre mall postponed
The property, previously anchored by a Nordstrom flagship that left last year and now more than $625 million in default, was set to be sold Thursday.
By Daphne Howland • Nov. 18, 2024 -
Vitamin Shoppe owner files for bankruptcy
Franchise Group, which also runs Pet Supplies Plus and Buddy’s Home Furnishings, will shut down American Freight starting this week.
By Daphne Howland • Nov. 4, 2024 -
Courtesy of Walgreens
Walgreens to lay off over 250 people
The decision regarding the support center roles follows a recent announcement that the pharmacy retailer plans to close 1,200 stores over the next three years.
By Nate Delesline III • Oct. 31, 2024 -
Courtesy of The Container Store
The Container Store could file bankruptcy if Beyond equity deal fails
Despite facing several challenges, turnaround efforts are gaining momentum, CEO Satish Malhotra said.
By Nate Delesline III • Oct. 30, 2024 -
Andreas Rentz via Getty Images
Esprit US subsidiaries file for bankruptcy
The Chapter 7 notices come in the wake of more than a dozen similar filings from Esprit Holdings affiliates around the world.
By Lara Ewen • Oct. 30, 2024 -
Brett Dworski/Retail Dive
5 retail horror stories of 2024
From Youthforia’s problematic foundation shade range to Foxtrot’s abrupt shuttering, retailers have been the subject of some scary stories.
By Caroline Jansen • Oct. 29, 2024 -
Courtesy of Tupperware
Lender group to buy Tupperware out of bankruptcy
The lenders, which include Stonehill Capital Management Partners and Alden Global Capital, are offering $63.8 million in debt relief and about $23.5 million in cash.
By Nate Delesline III • Oct. 23, 2024 -
Permission granted by BuyBuy Baby
BuyBuy Baby to close all stores less than a year after relaunch
The company said the move will allow it to transform "into a digital-first brand, focusing all our energy on providing an exceptional online shopping experience."
By Nate Delesline III • Oct. 18, 2024 -
Permission granted by True Value
True Value files for Chapter 11
The 75-year-old brand, whose stores are largely excluded from the bankruptcy, is seeking court approval to sell itself to rival Do it Best for $153 million.
By Nate Delesline III • Oct. 15, 2024 -
Cara Salpini/Retail Dive
Iconic outdoor retailer Orvis will lay off 8% of workforce, close stores
The 170-year-old Vermont-based retailer, known for its workwear and fishing gear, will also trim its assortment and drop its famous catalog.
By Daphne Howland • Oct. 9, 2024 -
Nate Delesline III/Retail Dive
Party City cuts prices on 2K items ahead of the holidays
The celebrations and events retailer said it’s responding to consumers, who continue to feel budgetary pressure.
By Nate Delesline III • Sept. 27, 2024 -
Permission granted by Hilco
Salt Life retail stores to close in bankruptcy
The beach brand will pivot to a new business model focused on e-commerce and wholesale as liquidation sales at 28 stores begin.
By Nate Delesline III • Sept. 25, 2024 -
Kaarin Moore/Retail Dive
Tupperware files for bankruptcy amid lender opposition
The iconic housewares brand, famous for its direct-sales parties, has been slow to adapt to e-commerce and omnichannel retail.
By Daphne Howland • Sept. 18, 2024 -
Courtesy of Big Lots
Big Lots gets court OK for $550M in bankruptcy financing
The funding will allow the bargain-focused retailer to continue normal operations, including paying employees and vendors.
By Nate Delesline III • Sept. 12, 2024 -
"Lumber Liquidators store, 2321 Ellsworth Road, Ypsilanti Township, Michigan." by Dwight Burdette is licensed under CC BY 3.0
Private equity firm sweeps up LL Flooring, which will stay in business after all
The bankrupt home improvement company, previously Lumber Liquidators, has inked a deal to be acquired by F9 Investments, its largest shareholder.
By Daphne Howland • Sept. 9, 2024 -
Nate Delesline III/Retail Dive
Inside a closing Sam Ash Music store
The family-run company filed for Chapter 11 bankruptcy in May and the liquidation of its 42 retail stores began. Here’s what that looked like at one location.
By Nate Delesline III • Sept. 9, 2024
