Distressed Retail: Page 5
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Courtesy of Puma
ColumnThe Weekly Closeout: Puma plots design space in LA, Bank of America downgrades Figs
The athletics brand said the studio will open in 2025, while spending pullbacks contributed to the scrubs brand’s recent negative rating.
By Retail Dive Staff • April 5, 2024 -
sabthai via Getty Images
Shoes for Crews files for Chapter 11 bankruptcy
The non-slip shoe company secured $30 million in debtor-in-possession financing and intends to sell the business.
By Nate Delesline III • April 4, 2024 -
Courtesy of Instant Brands
Instant Pot, now a stand-alone company, appoints new leadership
Under different ownership after last year’s bankruptcy, the popular multicooker is no longer part of the appliance conglomerate that owns Pyrex and Corelle.
By Daphne Howland • April 2, 2024 -
Daphne Howland/Retail Dive
GameStop cuts undisclosed number of jobs as Q4, full-year sales fall
As pressure mounts on the sector from declining hardware sales and rising streaming subscriptions, analysts question the retailer’s long-term survival.
By Nate Delesline III • March 27, 2024 -
Courtesy of Joann
Joann files for Chapter 11 with a plan to cut $500M in debt
Thanks to an agreement with lenders, stores will be open and vendors paid throughout the bankruptcy process, which could be completed next month.
By Daphne Howland , Nate Delesline III • March 18, 2024 -
Daphne Howland/Retail Dive
The Body Shop’s US operation forced into liquidation as UK parent takes its cash
The U.S. subsidiary ceased operating as of March 1 and told a bankruptcy court it didn’t get advance notice of its British owner's restructuring.
By Daphne Howland • March 12, 2024 -
Spencer Platt via Getty Images
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 -
Courtesy of The Container Store
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 -
Kaarin Vembar/Retail Dive
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 -
Courtesy of Zulily
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 -
Courtesy of Express Inc.
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 -
Permission granted by Express
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 -
Courtesy of The Body Shop
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 -
Courtesy of Zulily
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 -
Craig Barritt via Getty Images
‘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 -
Courtesy of Hello Bello
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 -
Permission granted by Showfields
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 -
Spencer Platt via Getty Images
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 -
Gabe Ginsberg / Stringer via Getty Images
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 -
Kendall Davis/Retail Dive
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
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