Distressed Retail: Page 2

  • External shot of The Body Shop.
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    Courtesy of The Body Shop
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    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 • Feb. 13, 2024
  • A store sign hanging from a rafter in a city center.
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    "The Children's Place" by Phillip Pessar is licensed under CC BY 2.0
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    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 • Feb. 12, 2024
  • The entrance to a mall, with a white pickup truck parked to the right. Explore the Trendline➔
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    "Dartmouth Mall, Dartmouth, Massachusetts" by JJBers is licensed under CC BY 2.0
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    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 and layoffs.

    By Retail Dive staff
  • Zulily's webpage
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    Courtesy of Zulily
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    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 • Feb. 12, 2024
  • A general view of atmosphere at the New York Magazine + Bloomingdale's celebration of the new Mitchell Gold + Bob Williams Shop-in-Shop at Bloomingdale's on March 8, 2018 in New York City.
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    Craig Barritt via Getty Images
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    ‘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 • Jan. 23, 2024
  • A beige Kirkland's storefront.
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    "Kirkland’s Hialeah" by Phillip Pessar is licensed under CC BY 2.0
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    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
  • A collection of Hello Bello baby products.
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    Courtesy of Hello Bello
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    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 • Jan. 17, 2024
  • External shot of the Showfields store in Miami.
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    Permission granted by Showfields
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    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 • Jan. 12, 2024
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    Spencer Platt via Getty Images
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    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 • Jan. 9, 2024
  • Stacked white boxes of makeup on a black store display
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    Gabe Ginsberg / Stringer via Getty Images
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    Influencer Jaclyn Hill’s namesake beauty brand shuts down

    Jaclyn Cosmetics was housed under Forma Brands, which filed for bankruptcy in early 2023.

    By • Jan. 5, 2024
  • Marketing copy from balloon maker Anagram's website
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    Retrieved from Anagram website on November 09, 2023
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    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 • Jan. 4, 2024
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    Kendall Davis/Retail Dive
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    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's webpage
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    Courtesy of Zulily
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    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 • Dec. 26, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    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 • Dec. 20, 2023
  • Young woman online shopping using the laptop at home
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    FG Trade via Getty Images
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    With website down, Zulily’s future in doubt

    The e-commerce retailer's website is currently "down for maintenance," following layoffs.

    By • Dec. 19, 2023
  • Photo of Jonathan Van Ness at movie premier
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    Roy Rochlin / Stringer via Getty Images
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    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
  • Interior of a Showfields store. Shelves are painted green and feature a variety of products like skateboards and beauty items. The floor is green and white checks.
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    Courtesy of Showfields
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    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
  • The entrance to a mall, with a white pickup truck parked to the right.
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    "Dartmouth Mall, Dartmouth, Massachusetts" by JJBers is licensed under CC BY 2.0
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    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 • Dec. 15, 2023
  • Wooden brown judge gavel on the table, with an book opened and blurred in the background.
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    nathaphat/iStock via Getty Images
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    Zulily sues Amazon, alleges price-fixing

    Zulily claims Amazon’s business practices hurt its bottom line. Amazon denies any wrongdoing.

    By • Dec. 14, 2023
  • Zulily's webpage
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    Courtesy of Zulily
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    Zulily to cut more than 800 jobs in 3 states amid reported shutdown

    The company is going out of business, according to news reports and posts by employees on LinkedIn.  

    By • Dec. 11, 2023
  • SmileDirectClub branded napkin, retainer holder and mirror on a table
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    Presley Ann / Stringer via Getty Images
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    SmileDirectClub shuts down, leaving customers without support

    The DTC dental company filed for bankruptcy earlier this year hoping to undergo a going-concern transaction, but has now closed its operations.

    By Dani James • Dec. 11, 2023
  • A bright green facade says "Joann" in white capital letters, and "handmade happiness" in white script. A mural in various shades of green depicts a cityscape.
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    Courtesy of Joann
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    Joann raises cost savings target to $225M

    The craft retailer is working to improve its cash flow, but its $1 billion-plus debt load remains a concern.

    By • Dec. 5, 2023
  • A Rite Aid pharmacy storefront
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    Permission granted by Rite Aid
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    Rite Aid plans to sell 79 more stores

    The drugstore chain has been shedding leases as a way to optimize its portfolio following its Chapter 11 bankruptcy. 

    By Tatiana Walk-Morris • Dec. 5, 2023
  • Two people wearing casual Lacoste and Bandier branded tennis athleisure apparel pose outdoors.
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    Retrieved from Lacoste on August 16, 2023
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    Activewear brand Bandier seeks buyer for IP, assets

    After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.

    By Dani James • Dec. 1, 2023
  • Display of various skin care bottles from Disco
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    Courtesy of Disco
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    Men’s skin care brand Disco shuts down amid bankruptcy

    The company filed for Chapter 7 bankruptcy last week after its debt provider foreclosed on it, according to a LinkedIn post from founder Benjamin Smith.

    By Dani James • Nov. 22, 2023
  • A general view of atmosphere at the New York Magazine + Bloomingdale's celebration of the new Mitchell Gold + Bob Williams Shop-in-Shop at Bloomingdale's on March 8, 2018 in New York City.
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    Craig Barritt via Getty Images
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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 • Nov. 20, 2023