Distressed Retail: Page 7
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Bed Bath & Beyond owes over $95M to these 14 vendors in its supply chain
The bankrupt retailer has big trade debts to numerous suppliers as well as transportation and other service providers.
By Ben Unglesbee • May 5, 2023 -
Toys R Us specter looms over Bed Bath & Beyond
The home-goods retailer’s mixed signals remind some of Toys R Us. The toy retailer filed to reorganize in 2017, only to liquidate its U.S. operations months later.
By Maura Webber Sadovi • May 2, 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 -
Tuesday Morning is going out of business after 49 years
The discount retailer is working to close its remaining stores after a federal bankruptcy judge approved Hilco Global's $32 million offer.
By Nate Delesline III • May 1, 2023 -
Revlon, ready to exit Chapter 11, fills incoming board with former beauty retail execs
The cosmetics company says it will emerge from bankruptcy some time this week, under private ownership of several private equity firms.
By Daphne Howland • May 1, 2023 -
Gap lays off 1,800 employees amid major restructuring
The massive downsizing is part of an effort to peel away management layers and slash expenses.
By Daphne Howland • April 27, 2023 -
These retailers stand to gain customers and sales as Bed Bath & Beyond disappears
Walmart, Amazon and especially Target have already been taking market share from the struggling home goods retailer for quite some time.
By Daphne Howland • April 25, 2023 -
Party City to close 9 more stores as it preps to go private
The party merchandise retailer said the pandemic “consumed vital liquidity” and contributed to the decision to seek Chapter 11 protection.
By Nate Delesline III • April 24, 2023 -
Bed Bath & Beyond, finally in Chapter 11, is going out of business
The struggling home goods retailer has been searching for a buyer since last year to no avail, and, after much delay, filed for bankruptcy.
By Daphne Howland • April 24, 2023 -
Column
The Weekly Closeout: Nike releases first virtual collection and Skechers partners with Mr. T
The athletics retailer is unveiling its first digital collection since launching the .Swoosh platform, while the footwear brand is embracing the “t” in Skechers.
By Retail Dive Staff • April 21, 2023 -
Why hasn’t Bed Bath & Beyond filed for bankruptcy yet?
The struggling home goods retailer has been pulling all kinds of levers, leaving many to wonder why it hasn’t sought Chapter 11 protection by now.
By Daphne Howland • April 20, 2023 -
David’s Bridal owes $27.5M to vendors as it charts course in bankruptcy
The wedding apparel retailer owes millions to the joint venture that procures the bulk of its merchandise outside North America.
By Ben Unglesbee • April 20, 2023 -
David’s Bridal is prepared to liquidate if it can’t find a buyer
Even if the retailer does stay in business under new ownership, it’s likely to shrink its fleet of nearly 300 stores.
By Daphne Howland • April 18, 2023 -
David’s Bridal takes another walk down the bankruptcy aisle
The bridal retailer launched several initiatives since exiting Chapter 11 four years ago, but the pandemic and the economy have taken a toll.
By Daphne Howland • April 17, 2023 -
Column
The Weekly Closeout: Lacoste partners with Netflix and is David’s Bridal considering bankruptcy?
The fashion brand is releasing a collection based on “Bridgerton” and other shows, while the wedding retailer could be looking at a Chapter 22.
By Retail Dive Staff • April 14, 2023 -
Catalog retailer AmeriMark Interactive files for bankruptcy
The company, which also operates through e-commerce, saw total revenue drop by about $375 million in 2022 compared to the year before.
By Dani James • April 13, 2023 -
With suppliers still wary, Bed Bath & Beyond banks on $120M consignment deal
One analyst calls it “way too late and beyond a desperate move.”
By Ben Unglesbee • April 10, 2023 -
Shoe City files for Chapter 11 bankruptcy
The retailer plans to liquidate its 39 stores by the end of next month, citing an inability to repay creditors.
By Nate Delesline III • April 7, 2023 -
Bed Bath & Beyond faces lawsuit over Harmon layoffs
A former store manager says the company violated state and federal law by failing to give proper notice under the WARN Act.
By Nate Delesline III • April 5, 2023 -
Revlon will wipe out $2.7B in debt as it exits bankruptcy later this month
The cosmetics giant will leave Chapter 11 as a private company in coming weeks, with $285 million in fresh liquidity and $1.5 billion in debt.
By Daphne Howland • April 4, 2023 -
Former Bed Bath & Beyond CEO sues over unpaid severance
Mark Tritton alleges that the retailer stopped payments on his $6.76 million severance agreement in January.
By Nate Delesline III • April 3, 2023 -
Boxed files for Chapter 11 bankruptcy
The company intends to sell its software business while it winds down retail operations over the next several weeks.
By Jeff Wells • April 3, 2023 -
Bed Bath & Beyond again warns of bankruptcy as it seeks to sell $300M in stock
The retailer terminated an earlier deal with Hudson Bay Capital Management that sought to raise over $1 billion.
By Nate Delesline III • March 31, 2023 -
Lenders acquire bankrupt Morphe owner for $690M
Forma Brands reached an agreement to be acquired by Jefferies Finance and Cerberus Capital Management after filing for Chapter 11 in January.
By Nate Delesline III • March 30, 2023 -
US retail sector leads corporate defaults: S&P Global
Retail faces continuing challenges with logistics, labor and supplier cost inflation, which is squeezing margins, as consumers pull back.
By Nate Delesline III • March 22, 2023 -
Scotch & Soda files for bankruptcy in Netherlands
The fashion brand has been steadily expanding its direct-to-consumer footprint globally, and only business in its home country will be impacted by the proceedings.
By Dani James • March 22, 2023