Distressed Retail: Page 6
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Furniture maker Mitchell Gold + Bob Williams shuts down over inability to secure ‘critical financing’
The company, which was acquired by private equity firm The Stephens Group in 2014, closed despite a recent $20 million investment by the firm.
By Nate Delesline III • Aug. 30, 2023 -
Permission granted by Rite Aid
Rite Aid reportedly preparing Chapter 11 bankruptcy filing
A filing could help the retailer restructure $3.3 billion in debt and address a slew of lawsuits alleging it unlawfully filled opioid prescriptions.
By Nate Delesline III • Aug. 28, 2023 -
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 -
Spencer Platt/Getty Images via Getty Images
Tapestry revenues decline in North America
Coach, Tapestry’s largest brand, was the highest performer during the quarter, and it showed a 3% sales increase to $1.2 billion.
By Laurel Deppen • Aug. 18, 2023 -
Courtesy of Amyris
Consumer product maker Amyris files for bankruptcy, lays off another 260 workers
The biotech company’s entire portfolio of brands, which includes JVN, Biossance and Rose Inc., is also up for sale.
By Daphne Howland • Aug. 11, 2023 -
Joe Raedle via Getty Images
Bed Bath & Beyond’s Etlin: Lessons for CFOs staring down bankruptcy
With the messy task of closing hundreds of Bed Bath & Beyond stores poised to be completed this month, the home-goods retailer’s Holly Etlin reflects on her role as a kind of “uber CFO.”
By Maura Webber Sadovi • July 31, 2023 -
Permission granted by Authentic Brands Group
Authentic Brands Group acquires Rockport out of bankruptcy
The brand conglomerate sees an opportunity to expand the footwear company's assortment into a "full lifestyle offering."
By Nate Delesline III • July 26, 2023 -
BuyBuy Baby IP buyer wins bid on 11 store leases
The move may position online retailer and vendor Dream on Me to expand into brick-and-mortar operations.
By Nate Delesline III • July 24, 2023 -
Bankruptcy judge OKs sale of BuyBuy Baby brand and digital assets for $15.5M
The distressed retailer’s brick-and-mortar stores are now slated to close after no bids materialized to keep them open.
By Nate Delesline III • July 12, 2023 -
Daphne Howland/Retail Dive
Senators take aim at Bed Bath & Beyond stock buybacks, lack of worker severance
Democratic lawmakers Cory Booker and Elizabeth Warren criticized the retailer for spending $11.8 billion in buybacks since 2004 and are questioning the company's worker severance practices.
By Nate Delesline III • July 11, 2023 -
Courtesy of Belk
Retail defaults set to jump this year, Moody’s says
Retailers without adequate financial cushion are especially vulnerable amid weak consumer spending and elevated costs, the analysts said.
By Daphne Howland • July 11, 2023 -
Cara Salpini/Retail Dive
How Lunya’s bet on brick and mortar contributed to its bankruptcy
The direct-to-consumer brand flourished — and expanded — during the pandemic. But for the last year, it's been losing $135,000 a month on stores.
By Dani James • July 10, 2023 -
Tuesday Morning moves to convert its bankruptcy to Chapter 7
The half-century-old off-pricer, which exited a Chapter 11 process just two years before filing again this year, had already moved to liquidate.
By Daphne Howland • July 10, 2023 -
BuyBuy Baby stores likely closing after no buyers step forward
But the retailer’s brand name will probably live on after a New Jersey-based company bid on its intellectual property.
By Nate Delesline III • July 7, 2023 -
Christmas Tree Shops to shutter 72 remaining stores
Liquidation sales have already begun as the 1950s-era business winds down its footprint in bankruptcy.
By Cara Salpini • July 7, 2023 -
Courtesy of Snoop Doggie Doggs
ColumnThe Weekly Closeout: Snoop Doggie Doggs adds wholesale partners as the FTC takes on sponsored posts
The celebrity pet brand can now be found at retailers like Kohl’s and Petco, while the FTC is cracking down on deceptive endorsements and reviews.
By Retail Dive Staff • July 7, 2023 -
Christmas Tree Shops plans to liquidate if it can’t find a buyer
The retailer defaulted on its bankruptcy loan terms and will have to close all of its stores if it doesn't secure a buyer by the end of this week.
By Nate Delesline III • July 5, 2023 -
BuyBuy Baby gets a bid from one of its vendors
Dream on Me, which runs a direct-to-consumer business and sells baby gear through the Bed Bath & Beyond-owned retailer, is a stalking horse bidder, according to bankruptcy court documents.
By Daphne Howland • June 30, 2023 -
Bruce Bennett via Getty Images
Overstock to rebrand itself as Bed Bath & Beyond
The online-only retailer is moving quickly to remake itself with a name it says better resonates with customers and vendors.
By Nate Delesline III • June 29, 2023 -
Forman Mills avoids bankruptcy thanks to acquisition by Shoppers World
The warehouse-style discounter recently laid off hundreds of employees and warned it might have to file for Chapter 11 if it couldn’t find a buyer.
By Daphne Howland • June 26, 2023 -
Daphne Howland/Retail Dive
Overstock wins Bed Bath & Beyond IP at auction with $21.5M bid
The bid gives Overstock ownership of Bed Bath & Beyond’s internet properties, social media, mobile platforms, business data, publicity rights and trademarks.
By Nate Delesline III • June 22, 2023 -
Shoe company Rockport files for bankruptcy for second time in 5 years
The company says high overhead costs and weakened demand for its core products due to the COVID-19 pandemic contributed to an untenable financial situation.
By Nate Delesline III • June 15, 2023 -
Daphne Howland/Retail Dive
Overstock bids $21.5M for Bed Bath & Beyond’s intellectual property
Competing bids for Bed Bath & Beyond, which is liquidating in Chapter 11, are due Friday.
By Nate Delesline III • June 13, 2023 -
Permission granted by Instant Brands
Instant Pot parent company files for Chapter 11 bankruptcy
The Illinois-based company owes tens of millions to suppliers, but plans to stay in business, according to federal court filings.
By Nate Delesline III • June 13, 2023 -
BuyBuy Baby could get bought as buyers express interest
The retailer may not disappear if one of several bidders, including Babylist, acquires its digital brand or brick-and-mortar locations.
By Nate Delesline III • June 6, 2023 -
Christmas Tree Shops files for Chapter 11
The New England-based discount retailer owes vendors millions and is asking a court for permission to close about 10 stores.
By Nate Delesline III • May 9, 2023
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