Distressed Retail: Page 13
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Alex and Ani files for bankruptcy, hoping for a sale
Leadership turmoil and significant debt were hobbling the charm bracelet maker. Then last year came a ransomware attack and the pandemic.
By Daphne Howland • June 10, 2021 -
Cara Salpini/Retail Dive
J. Jill rebounds from pandemic doldrums with 42% sales growth
Sales, margins and operating profit are up big time at the women's apparel seller, which had a close brush with bankruptcy last year.
By Ben Unglesbee • June 9, 2021 -
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 -
Daphne Howland/Retail Dive
Deep DiveIs the never-ending Sears saga finally reaching its closing chapters?
Most of what is left of the one-time empire is a footprint smaller than many regional retailers, and a whole lot of legal bills.
By Ben Unglesbee • June 1, 2021 -
Turmoil at Sequential Brands amid late financials, strategic review
Since the fall, the company has lost a CEO and an executive chairman, and has tried to sell off assets while struggling to pay its debts.
By Ben Unglesbee • May 28, 2021 -
Kendall Davis/Retail Dive
Podcast
The Backroom: A former Blockbuster insider chronicles its many blunders
If you think Blockbuster is merely a story about technology, take a second look. Former franchisee Alan Payne discusses its long-deteriorating operations.
By Ben Unglesbee • May 27, 2021 -
Authentic Brands eyeing possible IPO: Bloomberg
A possible deal to go public could fetch a $10 billion value for the company as it buys up retail brands out of bankruptcy and distress.
By Ben Unglesbee • May 25, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning returning to Nasdaq after delisting
The off-price retailer is back on a major market after its Chapter 11 and restructuring, and is projecting optimism about the future.
By Ben Unglesbee • May 24, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Seeking a post-bankruptcy rebound, Tuesday Morning adds former Burlington execs to C-suite
The off-price retailer brought in Fred Hand as CEO and Marc Katz as interm CFO as it tries to stabalize and grow in the sector.
By Ben Unglesbee • May 21, 2021 -
Centric Brands adds to exec ranks, board as it eyes post-bankruptcy growth
The licensing specialist has brought in a former Pandora executive and past president of Lord & Taylor to help lead it in a new era.
By Ben Unglesbee • May 12, 2021 -
Cara Salpini/Retail Dive
Paper Source to be acquired in Ch. 11 by owner of Barnes & Noble
Elliott Investment Management emerged as the successful bidder for the gift specialist and sees it as "highly complementary" to the book retailer.
By Ben Unglesbee • May 11, 2021 -
J.C. Penney cuts 650 jobs under new owners
The layoffs came after an operational review by Simon Property Group and Brookfield Asset Management.
By Ben Unglesbee • May 6, 2021 -
David's Bridal takes on $70M loan as it preps for the return of weddings
After last year's slump in ceremonies, the retailer is raising capital to speed up its growth and ride the anticipated wave as couples return to the aisle.
By Ben Unglesbee • May 4, 2021 -
Daphne Howland/Retail Dive
Deep DiveWhat's next for Destination XL after last year's calamity in menswear?
The big-and-tall specialist's sales shrank by nearly a third in 2020 as offices went dark and events were nixed. Executives discuss how they navigated the turmoil.
By Ben Unglesbee • May 4, 2021 -
Daphne Howland/Retail Dive
The husk of Sears Holdings is still in bankruptcy — and $81M in the hole
After a massively expensive Ch. 11, what's left of the company doesn't have enough cash to pay its professionals and outstanding vendor claims.
By Ben Unglesbee • April 28, 2021 -
Hardest hit: Who is still at risk after last year's retail tribulations?
Party City, Nordstrom, Macy's, GameStop and others still have weak scores on measures of financial health, according to RapidRatings data.
By Ben Unglesbee • April 13, 2021 -
Tailored Brands left bankruptcy and quickly unravelled. What's next?
The menswear retailer is searching for its footing after running into liquidity problems and legal fights immediately after exiting Ch. 11.
By Ben Unglesbee • April 8, 2021 -
Daphne Howland/Retail Dive
Retail defaults to decline — but will still be high: Moody's
Bankruptcies hit record highs in 2020. The pace already slowed, but uncertainty remains, and weaker retailers are still vulnerable.
By Ben Unglesbee • April 8, 2021 -
The Collected Group exits bankruptcy
The owner Joie, Equipment and Current/Elliott is looking to grow its digital and wholesale business after stumbling in the pandemic.
By Ben Unglesbee • Updated June 7, 2021 -
Daphne Howland/Retail Dive
Months out of bankruptcy, Neiman Marcus refinances $1.1B in debt
The luxury retailer kicked out maturities and reduced interest expenses as it tries to find its footing in a changed sector.
By Ben Unglesbee • March 31, 2021 -
Banks reportedly seize equity stake in Mall of America
Triple Five Group is handing over stock in the megamall to lenders after defaulting on the American Dream project.
By Ben Unglesbee • March 29, 2021 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
Destination XL gets $17.5M lifeline
Listed by S&P as among the most vulnerable in retail, the men's apparel seller might have dodged bankruptcy with the capital infusion.
By Ben Unglesbee • Updated March 24, 2021 -
Tailored Brands' emergency loan gets court sign-off
A minority group of shareholders scrutinized the terms of $75 million in financing just months after the retailer emerged from bankruptcy.
By Ben Unglesbee • Updated April 5, 2021 -
Toys R Us Canada
Toys R Us parent sells controlling stake to owner of Anne Klein, Joseph Abboud brands
WHP Global is taking over management of the famous toy retail brand with an eye on global growth, not long after Tru Kids closed its only two U.S. stores.
By Ben Unglesbee • March 15, 2021 -
Christopher & Banks CEO is out following brand's acquisition in Ch. 11
Keri Jones resigned as the apparel seller gets a second life as a digital and television brand through a partnership with iMedia Brands.
By Ben Unglesbee • March 12, 2021 -
"Art Van Furniture store, 425 E. Eisenhower Pkwy., Ann Arbor, MI 48108" by Dwight Burdette is licensed under CC BY 3.0
Former Art Van employees win $2M hardship fund from private equity firm
Workers have been pushing for compensation from the liquidated retailer's former owner.
By Ben Unglesbee • March 11, 2021
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