Distressed Retail: Page 15
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Tru Kids
Toys R Us closes its last 2 US stores just over a year after re-launch
The stores were part of a joint venture with b8ta to re-launch the beloved retail brand and provide a marketing platform for toymakers.
By Ben Unglesbee • Feb. 1, 2021 -
Courtesy of Express via Businesswire
Express is 'hemorrhaging cash' even as investors gobble up its stock: report
The struggling fashion brand won a financial lifeline in the form of a loan from private equity firm Sycamore Partners. But its sector's travails continue.
By Ben Unglesbee • Jan. 27, 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 -
Beauty retailer L'Occitane files Chapter 11
The brand's U.S. unit looks to use bankruptcy to shed stores as the pandemic weighs on brick-and-mortar sales and accelerates a shift to digital.
By Ben Unglesbee • Jan. 26, 2021 -
Court OKs Christopher & Banks' Ch. 11 sale of e-commerce unit
The bankrupt apparel seller is unloading its online business to an affiliate of Hilco after moving to close its stores.
By Ben Unglesbee • Updated March 1, 2021 -
Courtesy of Belk
Belk to file for bankruptcy after 130 years
Private equity firm Sycamore Partners will retain its majority stake as part of a restructuring deal expected to be complete by the end of February.
By Daphne Howland • Updated Jan. 27, 2021 -
Daphne Howland/Retail Dive
42% of retailers expect to restructure as industry revenue declines persist, BDO says
While struggles and distress abound, many companies are investing in e-commerce and other channels as the pandemic reshapes retail.
By Ben Unglesbee • Jan. 25, 2021 -
Daphne Howland/Retail Dive
Talbots downgraded by S&P as pandemic weighs on sales, cash flow
With an older core customer, the private equity-owned apparel seller has been disproportionately affected by COVID-19's spread, analysts said.
By Ben Unglesbee • Jan. 22, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning CEO to depart
The off-price retailer is looking for a new leader at the top shortly after restructuring in Chapter 11 bankruptcy.
By Ben Unglesbee • Jan. 19, 2021 -
Christopher & Banks files for bankruptcy, could close all stores
The women's apparel seller is among the victims of the pandemic, which dragged down demand among its core customers.
By Ben Unglesbee • Jan. 14, 2021 -
andreswd via Getty Images
Deep Dive9 retail trends to watch in 2021
The pandemic will continue to reshape the industry and accelerate trends from consumer preferences to industry norms and structures in the year ahead.
By Daphne Howland , Ben Unglesbee , Cara Salpini , Kaarin Moore , Caroline Jansen , Maria Monteros • Jan. 12, 2021 -
Retrieved from Loves Furniture & Mattresses on January 11, 2021
Art Van successor Loves Furniture files for bankruptcy
A real estate veteran created a new retailer to fill the void left by the furniture specialist. Things did not go as planned.
By Ben Unglesbee • Jan. 11, 2021 -
Christopher & Banks inches closer to the brink as it defaults on multiple obligations
Financial distress deepens at the apparel seller as it misses payments on the lease of its headquarters and other financial commitments.
By Ben Unglesbee • Jan. 8, 2021 -
Permission granted by Family Video
Family Video to close all stores as last-ditch effort comes up short
The last major video rental chain is throwing in the towel as the pandemic and disruption to Hollywood take their toll.
By Ben Unglesbee • Jan. 6, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning exits bankruptcy
The off-price retailer emerges with roughly 200 fewer stores and new capital.
By Ben Unglesbee • Jan. 5, 2021 -
Daphne Howland/Retail Dive
Nordstrom to open 2 more Los Angeles-area Local stores
The pandemic has interfered with the department store's ambitious plans to bring its "market strategy" to more cities.
By Daphne Howland • Oct. 28, 2020
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