Distressed Retail: Page 3
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New York Stock Exchange moves to delist apparel retailer Express
Concerns about the company’s long-term financial health have continued to surface over the last year.
By Nate Delesline III • March 8, 2024 -
S&P downgrades The Container Store, citing ‘weak operating performance’
Plaguing the retailer are persistent sales declines, nearing debt maturities, consumer headwinds and negative free cash flow.
By Cara Salpini • March 5, 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 -
As Macy’s and others close stores, TJX is picking up the supplier base
With big brand brick-and-mortar options dwindling, the off-brand retailer’s 21,000 vendors are increasingly looking to the company.
By Ben Unglesbee • March 1, 2024 -
Zulily IP assets put up for sale
The sale includes customer data, domain names, over 200 trademarks and code for the brand’s proprietary app.
By Tatiana Walk-Morris • Feb. 28, 2024 -
Express CEO seeks to ease bankruptcy concerns
In a memo on Wednesday, Stewart Glendinning said the apparel retailer is awaiting a $52 million CARES Act payment to help with long-term liquidity.
By Nate Delesline III • Feb. 15, 2024 -
The Children’s Place may get a reprieve as investor takes majority stake
Mithaq Capital has taken a 54% share, will nominate 11 people to the apparel retailer's board, and has offered to help shore up its liquidity.
By Daphne Howland • Feb. 15, 2024 -
11 digitally native retailers that could file for bankruptcy in 2024
While off to a slower start than 2023, filings are expected to continue in the industry, especially among many direct-to-consumer brands.
By Caroline Jansen • Feb. 14, 2024 -
Express moving toward debt restructuring, possible bankruptcy: WSJ
The business casual-focused apparel retailer has struggled to regain relevance since the height of the pandemic.
By Nate Delesline III • Feb. 13, 2024 -
The Body Shop enters administration in the UK, citing past ownership and tough retail environment
The beauty retailer, which was just acquired by private equity firm Aurelius in November, will restructure under a process akin to Chapter 11 in the U.S.
By Daphne Howland • Feb. 13, 2024 -
The Children’s Place scrambles to shore up liquidity, mulls ‘strategic alternatives’
The specialty retailer has retreated from the mall somewhat and boosted e-commerce, but its declines are poised to continue, analysts say.
By Daphne Howland • Feb. 12, 2024 -
Zulily’s inventory is up for sale as it winds down
After ceasing operations in December, the e-tailer’s warehouse equipment and $85 million worth of remaining products are being liquidated.
By Ben Unglesbee • Feb. 12, 2024 -
‘It’s a tough industry out there’: A look at the furniture supply chain’s challenging year
Operational headaches have contributed to financial failures among some suppliers. That has created problems for retailers — and opportunities.
By Ben Unglesbee • Jan. 23, 2024 -
Kirkland’s promotes company veteran to CEO post
Amid waning furniture sales, the company has tapped insider Amy Sullivan, who has already led a series of transformation efforts at the retailer.
By Tatiana Walk-Morris • Jan. 22, 2024 -
Hello Bello names new CEO
Will Righeimer will lead the Kristen Bell and Dax Shepard-founded baby brand after it was bought out of bankruptcy last month.
By Caroline Jansen • Jan. 17, 2024 -
All Showfields stores close
The company, now in bankruptcy, has showcased DTC brands, which until recently have largely avoided wholesale partnerships or physical retail.
By Daphne Howland • Jan. 12, 2024 -
Fitch: ‘Rising headwinds’ are rushing toward consumers in 2024
During a panel at the ICR conference, the ratings agency predicted shoppers will seek out greater value in 2024 as high debt levels and reduced savings catch up to them.
By Cara Salpini • Jan. 9, 2024 -
Influencer Jaclyn Hill’s namesake beauty brand shuts down
Jaclyn Cosmetics was housed under Forma Brands, which filed for bankruptcy in early 2023.
By Caroline Jansen • Jan. 5, 2024 -
Retrieved from Anagram website on November 09, 2023
Party City balloon supplier Anagram exits bankruptcy
In a deal with a group of investors, the balloon manufacturer will operate as an independent company and continue supplying Party City.
By Nate Delesline III • Jan. 4, 2024 -
Podcast
The Backroom: Doug Stephens’ retail predictions for 2024
The retail and branding expert discusses the state of the consumer, the habits companies should leave behind in 2023 and what lies ahead in the new year.
By Retail Dive Staff • Dec. 28, 2023 -
Zulily goes out of business, plans to liquidate
The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership.
By Nate Delesline III • Dec. 26, 2023 -
Rite Aid banned from use of facial recognition tech for 5 years
The company’s “reckless” use of the technology harmed customers, the FTC said.
By Nate Delesline III • Dec. 20, 2023 -
With website down, Zulily’s future in doubt
The e-commerce retailer's website is currently "down for maintenance," following layoffs.
By Nate Delesline III • Dec. 19, 2023 -
Amyris to sell JVN brand for $1.25M
Windsong Global was the successful bidder. Rose and Stripes were also auctioned off as part of Amyris' bankruptcy process.
By Dani James • Dec. 18, 2023 -
Showfields landlord, funders voice concern over bankruptcy financing
The retailer's Brooklyn landlord objected to its proposed DIP financing, alleging Showfields has insiders involved with the lender. Meanwhile, the CEO said the company is working on "reaching a resolution" with creditors.
By Dani James • Dec. 15, 2023 -
Mall operator PREIT files for bankruptcy for the second time in 3 years
The mall REIT came to court with a plan to shed $880 million in debt and obtain $135 million in debtor-in-possession and exit revolver financing.
By Daphne Howland • Dec. 15, 2023