Distressed Retail: Page 5
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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 Ben Unglesbee • Nov. 20, 2023 -
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 Ben Unglesbee • Nov. 13, 2023 -
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 -
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 -
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 Ben Unglesbee • Oct. 30, 2023 -
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 Dani James • 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 Daphne Howland • Oct. 23, 2023 -
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 Daphne Howland • Oct. 19, 2023 -
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 -
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 -
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 Kaarin Moore • Oct. 13, 2023 -
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 Dani James • 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 Caroline Jansen • Oct. 10, 2023 -
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 Dani James • Oct. 9, 2023 -
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 -
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 Kaarin Moore • Oct. 5, 2023 -
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 Daphne Howland • Oct. 4, 2023 -
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 Dani James • Oct. 2, 2023 -
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 Cara Salpini • Oct. 2, 2023 -
‘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 Ben Unglesbee • Sept. 28, 2023 -
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 -
Furniture-maker Noble House falls into bankruptcy, owes overseas suppliers millions
The company, which sells to some of the largest U.S. retailers, suffered from rising costs and disruptions in its supply chain.
By Ben Unglesbee • Sept. 25, 2023 -
Soft Surroundings files for bankruptcy, will close all stores
Rival Coldwater Creek, which is buying the remaining assets, will sell the women’s apparel brand online and via catalogs.
By Daphne Howland • Sept. 18, 2023 -
Bankruptcy court approves Party City exit plan, slashing nearly $1B in debt
The company specializes in making and selling products for celebrations and took a hit when those fell off during the height of the pandemic.
By Daphne Howland • Sept. 7, 2023 -
Amazon brand incubator Benitago files for bankruptcy
The company has faced a reversal in the rapid growth it saw early in the pandemic as consumer trends shifted in the years since.
By Dani James • Sept. 1, 2023