Distressed Retail
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The Container Store CEO Satish Malhotra is out
The retailer begins its post-bankruptcy turnaround with much less debt, under leadership steeped in operations and transformation strategies.
By Daphne Howland • March 20, 2025 -
Justin Sullivan via Getty Images
Forever 21 blames latest bankruptcy on competition from Temu, Shein
The fast-fashion retailer made it through the pandemic but struggled against cheap duty-free goods from China, as inflation strained consumers.
By Daphne Howland • March 17, 2025 -
Hudson’s Bay plans to liquidate
With no deal on deck, the iconic Canadian retailer will likely go out of business by June, shuttering all stores and laying off 9,000-plus employees.
By Nate Delesline III • March 17, 2025 -
Courtesy of Solo Brands
Solo Brands warns it could file for bankruptcy
The company issued a going concern statement citing challenges related to liquidity and existing debt.
By Howard Ruben • March 14, 2025 -
Permission granted by Futurewise
Skin care brand Futurewise is shutting down
The company, which entered Target just two years ago, will no longer accept orders on its website after March 24.
By Caroline Jansen • March 11, 2025 -
Hudson’s Bay Co. cites Trump tariffs in bankruptcy filing
The department store company, which also runs Saks Fifth Avenue and Saks Off 5th stores in Canada, will exit the process with a smaller footprint.
By Daphne Howland • March 10, 2025 -
Forever 21 will lay off nearly 700, close headquarters
Nine stores in California and Pennsylvania will close, as Catalyst Brands, which owns the brand’s operations, explores its options.
By Daphne Howland • Updated March 3, 2025 -
Justin Sullivan via Getty Images
What 5 charts say about the pandemic’s impact on retail, 5 years later
The industry may be far from the dramatic day-to-day struggles of 2020, but it hasn’t yet escaped the long tail the global health crisis left in its wake.
By Cara Salpini • March 3, 2025 -
Courtesy of Joann
Joann shoppers to shift purchases to Michaels, Hobby Lobby
The craft retailer’s store closures have left shoppers searching for alternatives, according to a Numerator survey.
By Tatiana Walk-Morris • Feb. 27, 2025 -
Courtesy of Joann
Joann to be sold, all stores going out of business
Pending court approval, GA Group and the company’s lenders are winding down the retailer’s operations.
By Nate Delesline III • Feb. 24, 2025 -
Nate Delesline III/Retail Dive
Store closures outpace openings amid ‘historic shift’ to service-based tenants
But the outlook isn’t all bad, as the real estate churn may open up 140 million square feet of retail space in a market where high quality storefronts are in short supply, a JLL report says.
By Nate Delesline III • Feb. 21, 2025 -
Courtesy of Joann
Joann to close more than 500 stores
The crafts retailer, which received no buyer interest in the locations, could liquidate entirely if a sale to Gordon Brothers comes to fruition.
By Nate Delesline III • Feb. 13, 2025 -
Nate Delesline III/Retail Dive
Party City IP, wholesale operations to be acquired for $20M
An affiliate of Ad Populum is buying the party retailer's IP, but Dollar Tree and Five Below emerged as top bidders for the company's store leases.
By Nate Delesline III • Feb. 11, 2025 -
Permission granted by Hilco
Bargain Hunt files Chapter 11 with plans to close all stores
Losing a customer returns partnership with Amazon contributed to the company’s difficulties, along with annual losses and a competitive environment.
By Nate Delesline III • Feb. 10, 2025 -
The image by BrokenSphere is licensed under CC BY-SA 3.0
Liberated Brands files for Chapter 11 bankruptcy
The move comes after the group lost part of its licensing agreement with Authentic Brands Group for the Boardriders portfolio, which includes brands such as Billabong and Roxy.
By Laurel Deppen • Feb. 7, 2025 -
Kendall Davis/Retail Dive
Podcast
The Backroom: A new retail apocalypse?
The team discusses a recent report that U.S. retailers are set to shutter many more stores than they plan to open in 2025 — and what that really means.
By Retail Dive Staff • Jan. 30, 2025 -
Courtesy of The Container Store
The Container Store exits bankruptcy
The retailer used Chapter 11 to shed nearly $88 million in debt and will go forward as a privately held company owned by its lenders.
By Nate Delesline III • Jan. 29, 2025 -
Courtesy of Puma
ColumnThe Weekly Closeout: Puma eyes ‘efficiency program,’ Adidas could cut jobs
Puma wants to improve operations and cut costs in the name of profitability, while Adidas said its operating model is too complex.
By Retail Dive Staff • Jan. 24, 2025 -
Permission granted by Books Inc.
Books Inc. files for Chapter 11
The California-based retailer said the pandemic kicked off years of falling revenue and rising costs. It will close at least one store but stay in business.
By Nate Delesline III • Jan. 23, 2025 -
Daphne Howland/Retail Dive
Joann files for bankruptcy for the second time in a year
The crafts retailer was forced back into Chapter 11 by the wider retail environment and its own financial and inventory woes, the company said.
By Daphne Howland • Jan. 15, 2025 -
Yujin Kim/Retail Dive
These retailers could file for bankruptcy in 2025
From At Home to Guitar Center, here’s who’s most at risk in the year ahead.
By Cara Salpini • Updated Jan. 18, 2025 -
Permission granted by Big Lots
ColumnThe Weekly Closeout: Ulta’s future and Big Lots’ store-saving deal
The beauty retailer named a new CEO while Big Lots closed on a sale agreement that will enable it to keep hundreds of stores open.
By Retail Dive Staff • Jan. 10, 2025 -
Leon Neal via Getty Images
8 retail trends to watch in 2025
Each year brings unique headwinds and tailwinds. From increased attention on DEI efforts to the shifting nature of DTC, this is what we’ll be following in 2025.
By Retail Dive Staff • Jan. 7, 2025 -
Nate Delesline III/Retail Dive
Big Lots’ new deal could keep up to 400 stores open
Under the transaction, Variety Wholesalers would acquire at least 200 stores and up to two distribution centers, saving jobs in the process.
By Stephanie Arnold • Dec. 30, 2024 -
Daphne Howland/Retail Dive
Party City to close all stores in bankruptcy
About 14 months after emerging from Chapter 11, the retailer finds itself in bankruptcy court once again. This time, it’s liquidating.
By Caroline Jansen • Dec. 23, 2024
