Distressed Retail: Page 14
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Daphne Howland/Retail Dive
Deep DiveWhat's next for Destination XL after last year's calamity in menswear?
The big-and-tall specialist's sales shrank by nearly a third in 2020 as offices went dark and events were nixed. Executives discuss how they navigated the turmoil.
By Ben Unglesbee • May 4, 2021 -
Daphne Howland/Retail Dive
The husk of Sears Holdings is still in bankruptcy — and $81M in the hole
After a massively expensive Ch. 11, what's left of the company doesn't have enough cash to pay its professionals and outstanding vendor claims.
By Ben Unglesbee • April 28, 2021 -
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 -
Hardest hit: Who is still at risk after last year's retail tribulations?
Party City, Nordstrom, Macy's, GameStop and others still have weak scores on measures of financial health, according to RapidRatings data.
By Ben Unglesbee • April 13, 2021 -
Tailored Brands left bankruptcy and quickly unravelled. What's next?
The menswear retailer is searching for its footing after running into liquidity problems and legal fights immediately after exiting Ch. 11.
By Ben Unglesbee • April 8, 2021 -
Daphne Howland/Retail Dive
Retail defaults to decline — but will still be high: Moody's
Bankruptcies hit record highs in 2020. The pace already slowed, but uncertainty remains, and weaker retailers are still vulnerable.
By Ben Unglesbee • April 8, 2021 -
The Collected Group exits bankruptcy
The owner Joie, Equipment and Current/Elliott is looking to grow its digital and wholesale business after stumbling in the pandemic.
By Ben Unglesbee • Updated June 7, 2021 -
Daphne Howland/Retail Dive
Months out of bankruptcy, Neiman Marcus refinances $1.1B in debt
The luxury retailer kicked out maturities and reduced interest expenses as it tries to find its footing in a changed sector.
By Ben Unglesbee • March 31, 2021 -
Banks reportedly seize equity stake in Mall of America
Triple Five Group is handing over stock in the megamall to lenders after defaulting on the American Dream project.
By Ben Unglesbee • March 29, 2021 -
"DXL Men's Apparel store located in Natick, MA." by JCarnellDXLG is licensed under CC BY-SA 4.0
Destination XL gets $17.5M lifeline
Listed by S&P as among the most vulnerable in retail, the men's apparel seller might have dodged bankruptcy with the capital infusion.
By Ben Unglesbee • Updated March 24, 2021 -
Tailored Brands' emergency loan gets court sign-off
A minority group of shareholders scrutinized the terms of $75 million in financing just months after the retailer emerged from bankruptcy.
By Ben Unglesbee • Updated April 5, 2021 -
Toys R Us Canada
Toys R Us parent sells controlling stake to owner of Anne Klein, Joseph Abboud brands
WHP Global is taking over management of the famous toy retail brand with an eye on global growth, not long after Tru Kids closed its only two U.S. stores.
By Ben Unglesbee • March 15, 2021 -
Christopher & Banks CEO is out following brand's acquisition in Ch. 11
Keri Jones resigned as the apparel seller gets a second life as a digital and television brand through a partnership with iMedia Brands.
By Ben Unglesbee • March 12, 2021 -
"Art Van Furniture store, 425 E. Eisenhower Pkwy., Ann Arbor, MI 48108" by Dwight Burdette is licensed under CC BY 3.0
Former Art Van employees win $2M hardship fund from private equity firm
Workers have been pushing for compensation from the liquidated retailer's former owner.
By Ben Unglesbee • March 11, 2021 -
Adeline Kon/Retail Dive
Deep DiveWelcome to the lucrative world of retail bankruptcy
A look at the most expensive Chapter 11 proceedings in retail and the players that have profited from them.
By Ben Unglesbee • March 8, 2021 -
Tailored Brands seeks $75M lifeline just months after exiting Ch. 11
The owner of Men's Wearhouse is nearing a loan deal as the pandemic continues to weigh on apparel, according to court documents.
By Ben Unglesbee • March 3, 2021 -
Cara Salpini/Retail Dive
Paper Source files for bankruptcy with plans to sell itself
A year ago, the retailer acquired 30 stores from Papyrus as that gift seller was liquidating. And then the COVID-19 pandemic derailed its growth.
By Ben Unglesbee • March 2, 2021 -
Belk exits bankruptcy a day after filing for Chapter 11
The department store retailer won speedy approval of a restructuring plan that allowed it to drop $450 million in debt.
By Ben Unglesbee • Updated Feb. 25, 2021 -
The image by MysteriousMystery is licensed under CC BY-SA 3.0
Fry's Electronics abruptly goes out of business, closes stores
The retailer cited a changing industry and the impact of COVID-19 as reasons for closing its doors after nearly four decades.
By Kaarin Moore • Feb. 24, 2021 -
Tuesday Morning, Casper, Vince on S&P's latest 'most vulnerable retailers' list
The list includes both traditional brick-and-mortar retailers and digital specialists, which face different sets of financial challenges.
By Ben Unglesbee • Feb. 22, 2021 -
Kendall Davis/Retail Dive
The running list of 2021 retail bankruptcies
After a rapid leadership shakeup, and amid significant debt, a ransomware attack and the pandemic followed, leading Alex and Ani to file bankruptcy.
By Nami Sumida • Updated June 11, 2021 -
Cara Salpini for Retail Dive
GNC names new CEO and CFO
Following its acquisition in bankruptcy last year, the retailer has promoted two executives to top positions as it looks to grow and adapt to a new environment.
By Ben Unglesbee • Feb. 12, 2021 -
Cara Salpini/Retail Dive
Fearing store closures, mall landlords raise alarm about Sycamore's new version of Ascena
Simon Property Group claimed the recently created retail entity, which includes Ann Taylor and Lane Bryant, is a riskier venture than originally projected.
By Ben Unglesbee • Feb. 5, 2021 -
Daphne Howland/Retail Dive
Sears is closing 13 more stores, further shrinking its footprint
The once-storied retailer is running low on stores to close, yet its extended liquidation never seems to end.
By Ben Unglesbee • Feb. 4, 2021 -
Cara Salpini/Retail Dive
GameStop's stock exploded, but traffic to its stores is still down
Over 2020, visits to the retailer were down more than 27% at the gaming retailer, according to Placer.ai.
By Ben Unglesbee • Feb. 2, 2021 -
Daphne Howland/Retail Dive
Deep DiveDo malls have any business getting into retail?
REITs' expanding ownership of troubled retailers complicates an investment setup dependent on steady revenue.
By Daphne Howland • Feb. 2, 2021
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