Distressed Retail: Page 11
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Default risk rises amid consumer pullback and tougher funding environment: S&P
Analysts said “inflation, energy security, geopolitical uncertainty, and rapidly tightening financing conditions are increasingly putting pressure on issuers.”
By Ben Unglesbee • July 7, 2022 -
Courtesy of Rite Aid
Rite Aid tries to ease debt load and boost profits
The drugstore retailer bought back some of its bonds early in a distressed exchange and plans to close 145 stores as it tries to control costs.
By Ben Unglesbee • July 6, 2022 -
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 -
Courtesy of Enjoy Technology
Enjoy Technology says it has a prospective buyer that would keep it alive
Asurion, which insures and repairs consumer electronics, has emerged as lender, prospective buyer and future operator of the bankrupt Enjoy.
By Ben Unglesbee • July 1, 2022 -
Daphne Howland/Retail Dive
Ace Hardware shuts down The Grommet, lays off 44
The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn.
By Daphne Howland • June 30, 2022 -
Courtesy of Enjoy Technology
Enjoy Technology to 'pause' on selling Apple products
The cash-strained company said it is halting its “commerce-at-home” services for the tech maker to focus on business priorities.
By Ben Unglesbee • June 29, 2022 -
Courtesy of Enjoy Technology
Ron Johnson's Enjoy Technology wants to create a new form of retail. But first it must survive.
The former J.C. Penney CEO has built out a fleet of mobile stores to bring the shopping experience to homes. Its losses are mounting, though, and cash is running out.
By Ben Unglesbee • June 17, 2022 -
Astrid Stawiarz / Stringer via Getty Images
ColumnThe Weekly Closeout: Deckers' COO steps down and Swarovski names CEO
David Lafitte exited the footwear retailer to pursue another opportunity, while the jewelry brand appointed its first chief outside of the founding family.
By Retail Dive Staff • June 17, 2022 -
Revlon files for bankruptcy as debt, supply challenges take a toll
After years of hemorrhaging cash, the cosmetics brand aims to reorganize and cut its debt load in Chapter 11.
By Ben Unglesbee • June 16, 2022 -
Revlon reportedly preparing for bankruptcy
The beauty giant has long suffered under billions of dollars in debt, while the pandemic exacerbated its financial struggles.
By Ben Unglesbee • June 13, 2022 -
Courtesy of Enjoy Technology
Another Enjoy Technology CFO out as it faces cash crisis
The commerce-at-home company — led by former J.C. Penney CEO Ron Johnson — can't keep up with its spiraling costs.
By Ben Unglesbee • June 2, 2022 -
Courtesy of Triple Five Worldwide
American Dream lost $60M last year
On top of the pandemic's challenges, the sprawling, experience-rich, debt-ridden mall has been beset by several delays and mishaps.
By Daphne Howland • May 4, 2022 -
Courtesy of REI
ColumnThe Weekly Closeout: REI expands run assortment and Farfetch enters beauty
The outdoors retailer will also improve employee training in the category. Meanwhile, the luxury platform will offer a "curated edit" of beauty items.
By Retail Dive Staff • April 22, 2022 -
Courtesy of Rite Aid
Rite Aid guidance could signal its ability to survive: analyst
The drugstore chain's losses have expanded, and it could face a decline in spending related to COVID-19.
By Ben Unglesbee • April 13, 2022 -
Daphne Howland/Retail Dive
Retail bankruptcy risks still low after 2020's flood: report
The pandemic surge in filings culled some weak players, while last year's boom in retail sales fueled turnarounds for others.
By Ben Unglesbee • April 12, 2022 -
Daphne Howland/Retail Dive
As long-running legal feud slogs on, Lampert and Sears Holdings creditors ordered to mediation
The former head of the department store company has been accused of transferring billions of dollars in assets to himself.
By Ben Unglesbee • April 8, 2022 -
Courtesy of Dick's Sporting Goods
ColumnThe Weekly Closeout: Dick's names ambassadors for Calia brand and Walmart sweetens perks for sellers
The sporting goods retailer brought on four brand ambassadors to replace Carrie Underwood, while the mass merchant is offering sellers discounts on commission rates.
By Retail Dive Staff • April 8, 2022 -
Retrieved from Sundry on January 25, 2022
Less than a year after IPO, Digital Brands warns it could file bankruptcy
The DTC company is looking to grow sales and its brand stable, but losses have expanded and it has warned it could suffer without sufficient capital.
By Ben Unglesbee • April 1, 2022 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
After nearly a decade in the red, Destination XL posts record profit and sales
After the financial travails of the pandemic, the big-and-tall retailer has paid down debt and is focused on cementing its relationship with core customers.
By Ben Unglesbee • March 22, 2022 -
Selling out: What retail leaders need to know before striking a deal with private equity
As Kohl's and others field bids, it's worth noting that more than 40% of past buyouts and acquisitions have gone bankrupt.
By Ben Unglesbee • Feb. 15, 2022 -
Daphne Howland/Retail Dive
Party City gets an upgrade from Fitch as sales improve
After a deeply challenging 2020, the party goods supplier is climbing out of a large hole, but it still has a long way to go.
By Ben Unglesbee • Feb. 2, 2022 -
Daphne Howland/Retail Dive
Sears gets smaller with Florida store closure
Kmart and Sears department stores are an endangered species, with just a few of each remaining — and the count is getting smaller all the time.
By Ben Unglesbee • Jan. 24, 2022 -
Courtesy of BH Cosmetics
BH Cosmetics files under Chapter 11
The indie brand has succumbed to challenges brought on by the pandemic, despite high-profile partnerships last year with Iggy Azalea and Doja Cat.
By Daphne Howland • Jan. 21, 2022 -
The story of Toys R Us' bankruptcy is still unfolding, and it still matters
In ongoing litigation, former suppliers to the retailer allege its leaders should never have signed on to bankruptcy financing that triggered its liquidation.
By Ben Unglesbee • Jan. 20, 2022 -
Chris J Ratcliffe / Stringer via Getty Images
Morgan Stanley 'less confident' in Gap Inc. leadership
The mall-based retailer recently missed its third quarter earnings and cut its full year guidance due to supply chain and inventory constraints.
By Maria Monteros • Jan. 20, 2022 -
Women's fashion retailer Escada America files for bankruptcy
After lawsuits from landlords and ongoing pandemic disruption, the company is trying to close some stores to preserve operations.
By Ben Unglesbee • Jan. 19, 2022
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