Distressed Retail: Page 9


  • David’s Bridal takes another walk down the bankruptcy aisle

    The bridal retailer launched several initiatives since exiting Chapter 11 four years ago, but the pandemic and the economy have taken a toll.

    By April 17, 2023
  • Two individuals wear Lacoste clothing in front of a wall of roller skates.
    Image attribution tooltip
    Courtesy of Netflix
    Image attribution tooltip
    Column

    The Weekly Closeout: Lacoste partners with Netflix and is David’s Bridal considering bankruptcy?

    The fashion brand is releasing a collection based on “Bridgerton” and other shows, while the wedding retailer could be looking at a Chapter 22.

    By Retail Dive Staff • April 14, 2023
  • Three multi-colored catalog pamphlets stacked
    Image attribution tooltip
    zefart via Getty Images
    Image attribution tooltip

    Catalog retailer AmeriMark Interactive files for bankruptcy

    The company, which also operates through e-commerce, saw total revenue drop by about $375 million in 2022 compared to the year before. 

    By Dani James • April 13, 2023
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    With suppliers still wary, Bed Bath & Beyond banks on $120M consignment deal

    One analyst calls it “way too late and beyond a desperate move.”

    By April 10, 2023
  • A screenshot of the ycmc.com website before the company filed for bankruptcy
    Image attribution tooltip
    Nate Delesline III/Retail Dive
    Image attribution tooltip

    Shoe City files for Chapter 11 bankruptcy

    The retailer plans to liquidate its 39 stores by the end of next month, citing an inability to repay creditors.

    By Nate Delesline III • April 7, 2023
  • Bed Bath & Beyond
    Image attribution tooltip
    Bruce Bennett via Getty Images
    Image attribution tooltip

    Bed Bath & Beyond faces lawsuit over Harmon layoffs

    A former store manager says the company violated state and federal law by failing to give proper notice under the WARN Act.

    By Nate Delesline III • April 5, 2023
  • A row of bright pink, pale pink and red jars of Revlon nail polish, with black caps against a black background, in closeup.
    Image attribution tooltip
    "Revlon" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    Revlon will wipe out $2.7B in debt as it exits bankruptcy later this month

    The cosmetics giant will leave Chapter 11 as a private company in coming weeks, with $285 million in fresh liquidity and $1.5 billion in debt.

    By April 4, 2023
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Former Bed Bath & Beyond CEO sues over unpaid severance

    Mark Tritton alleges that the retailer stopped payments on his $6.76 million severance agreement in January.

    By Nate Delesline III • April 3, 2023
  • Boxed
    Image attribution tooltip
    Courtesy of Boxed
    Image attribution tooltip

    Boxed files for Chapter 11 bankruptcy

    The company intends to sell its software business while it winds down retail operations over the next several weeks.

    By Jeff Wells • April 3, 2023
  • Bed Bath & Beyond
    Image attribution tooltip
    Bruce Bennett via Getty Images
    Image attribution tooltip

    Bed Bath & Beyond again warns of bankruptcy as it seeks to sell $300M in stock

    The retailer terminated an earlier deal with Hudson Bay Capital Management that sought to raise over $1 billion.

    By Nate Delesline III • March 31, 2023
  • Stacked white boxes of makeup on a black store display
    Image attribution tooltip
    Gabe Ginsberg / Stringer via Getty Images
    Image attribution tooltip

    Lenders acquire bankrupt Morphe owner for $690M

    Forma Brands reached an agreement to be acquired by Jefferies Finance and Cerberus Capital Management after filing for Chapter 11 in January.

    By Nate Delesline III • March 30, 2023
  • Paper saying notice of loan default
    Image attribution tooltip
    KLH49 via Getty Images
    Image attribution tooltip

    US retail sector leads corporate defaults: S&P Global

    Retail faces continuing challenges with logistics, labor and supplier cost inflation, which is squeezing margins, as consumers pull back.

    By Nate Delesline III • March 22, 2023
  • A Scotch & Soda storefront in New York City
    Image attribution tooltip
    Cara Salpini/Retail Dive
    Image attribution tooltip

    Scotch & Soda files for bankruptcy in Netherlands

    The fashion brand has been steadily expanding its direct-to-consumer footprint globally, and only business in its home country will be impacted by the proceedings.

    By Dani James • March 22, 2023
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Bed Bath & Beyond proposes reverse stock split

    The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.” 

    By Nate Delesline III • March 20, 2023
  • Big Lots, Manchester, CT. 8/2014 by Mike Mozart of TheToyChannel and JeepersMedia on YouTube
    Image attribution tooltip
    "Big Lots" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    Big Lots reports furniture shortages after largest supplier abruptly closes

    The shutdown of vendor United Furniture Industries pressured the discount retailer's e-commerce sales.

    By Alejandra Carranza • March 16, 2023
  • Tuesday Morning wants to close over 250 stores

    The discount retailer says it “has too many stores” and needs a smaller brick-and-mortar footprint to remain a viable business.

    By Nate Delesline III • March 10, 2023
  • Bed Bath & Beyond
    Image attribution tooltip
    Bruce Bennett via Getty Images
    Image attribution tooltip

    S&P upgrades Bed Bath & Beyond but warns of ongoing concerns

    The retailer remains in a precarious financial position with the outcome of its turnaround plan uncertain.

    By Nate Delesline III • March 7, 2023
  • Exterior of Wayfair's headquarters in Boston
    Image attribution tooltip
    Caroline Jansen/Retail Dive
    Image attribution tooltip

    11 digitally native retailers at risk of bankruptcy

    These companies were meant to be disruptors to the industry. But as macroeconomic pressures intensify and capital gets harder to find, they may be put to their biggest test.

    By March 6, 2023
  • An illustration of a person hanging onto a coin in rough seas.
    Image attribution tooltip
    Adeline Kon/Retail Dive
    Image attribution tooltip
    Tracker

    The running list of major retail bankruptcies

    Since December, retailers including Party City, The Container Store and Joann have all filed for Chapter 11.

    By Retail Dive Staff • Updated April 11, 2025
  • Storefront of a Party City.
    Image attribution tooltip
    Nate Delesline III/Retail Dive
    Image attribution tooltip

    Party City plans to close 22 stores in bankruptcy

    Twelve of the locations are already up for auction, and the total number of closures could change as the retailer continues to evaluate its footprint.

    By Nate Delesline III • Feb. 17, 2023
  • Tuesday Morning says lenders’ actions contributed to Chapter 11

    The company, which is preparing to close hundreds of stores, said when Wells Fargo increased its reserves, the move “effectively eliminated” the retailer’s operating liquidity.

    By Nate Delesline III • Feb. 16, 2023
  • Exterior of a Loyal Companion store in Bethesda, Maryland
    Image attribution tooltip
    Caroline Jansen/Retail Dive
    Image attribution tooltip

    Independent Pet Partners files Ch. 11, looks to sell some stores

    The owner of Loyal Companion is closing dozens of stores and selling some of its locations to Pet Supplies Plus and other competitors.

    By Kaarin Vembar and Tatiana Walk-Morris • Feb. 16, 2023
  • Tuesday Morning files for Chapter 11, again

    In its second bankruptcy filing since 2020, the discount retailer is planning to shrink its store footprint further and refocus on high-traffic stores.

    By Nate Delesline III • Feb. 14, 2023
  • Three signs plastered to a grey tiled wall announce a store liquidation sale, with the middle one saying that "Everything must go!"
    Image attribution tooltip
    Daphne Howland/Retail Dive
    Image attribution tooltip

    Store openings outpace closures in 2022: Coresight

    Discount stores — driven by dollar stores — led retail openings, while apparel stores saw the most closures.

    By Nate Delesline III • Feb. 13, 2023
  • Two people walk by an H&M store in London.
    Image attribution tooltip
    Carl Court via Getty Images
    Image attribution tooltip

    What lies ahead for retail in 2023

    Value-conscious consumers, rising layoffs and new leadership at some of retail’s major players are just a few forces shaping the industry so far.

    By Retail Dive Staff • Feb. 13, 2023