Distressed Retail: Page 9

  • Bed Bath & Beyond
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    Bruce Bennett via Getty Images
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    Fitch: Gulf between retail’s winners and losers to widen in 2023

    Default rates will likely remain low, but the firm is watching for bankruptcies from major players like Party City, Rite Aid and Bed Bath & Beyond.

    By • Jan. 10, 2023
  • Boxed
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    Courtesy of Boxed
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    Boxed considers selling itself amid cash crunch

    The online retailer, which is trying to shore up its liquidity and boost its sagging stock price, also said it is “actively exploring” ways to bring in additional capital.

    By Sam Silverstein • Jan. 6, 2023
  • The entrance to a mall, with a white pickup truck parked to the right. Explore the Trendline➔
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    "Dartmouth Mall, Dartmouth, Massachusetts" by JJBers is licensed under CC BY 2.0
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    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
  • Bed Bath & Beyond
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    Bruce Bennett via Getty Images
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    Bed Bath & Beyond warns it could file for bankruptcy

    The struggling home retailer issued a "going concern" warning as sales continue to slide and losses widen.

    By • Jan. 5, 2023
  • Three signs plastered to a grey tiled wall announce a store liquidation sale, with the middle one saying that "Everything must go!"
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    Daphne Howland/Retail Dive
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    Sears Hometown stores disappearing from rural America

    Liquidation sales are ongoing at 115 locations across 36 states and Puerto Rico, amid the Sears-affiliated home goods retailer's bankruptcy.

    By • Jan. 4, 2023
  • Storefront of a Rebecca Taylor location.
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Vince Holding sells intellectual property of Rebecca Taylor

    The IP was purchased by an affiliate of Ramani Group and is part of a strategic effort announced last year to shut down the fashion brand.

    By • Jan. 3, 2023
  • A row of bright pink, pale pink and red jars of Revlon nail polish, with black caps against a black background, in closeup.
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    "Revlon" by Mike Mozart is licensed under CC BY 2.0
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    Revlon set to exit bankruptcy by April

    If a judge approves, the beauty company will conclude its Chapter 11 process with its lenders as its new owners, but what happens next remains uncertain.

    By • Dec. 22, 2022
  • Party City storefront
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    Party CIty
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    Party City faces NYSE delisting

    The troubled retailer has six months to regain compliance with the New York Stock Exchange’s minimum share price requirement. 

    By • Dec. 20, 2022
  • Line up of Revlon products inside of a store with the Revlon sign.
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    Kaarin Vembar/Retail Dive
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    Deep Dive

    What is Revlon’s next chapter?

    The brand was exploring a sale even before the pandemic, but the current environment isn’t ideal for a bankrupt company trying to figure out next steps. 

    By • Dec. 14, 2022
  • A bright white sign with two red stars, posted on green grass, promises "Sears Hometown we're here to stay."
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    Dan Keck. (2017). "SEARS HOMETOWN WE'RE HERE TO STAY" [photograph]. Retrieved from Flickr Pro.
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    Sears Hometown files for bankruptcy amid disputes with ‘new Sears’

    Financial strain and a lack of inventory led to the move, three years after Eddie Lampert-run TransformCo reacquired the home goods chain.

    By • Dec. 13, 2022
  • Puffy clouds in a blue sky frame a storefront that says "Bed Bath & Beyond" in large dark letters.
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    Daphne Howland/Retail Dive
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    A look at Bed Bath & Beyond’s tumultuous year

    The distressed home retailer experienced a C-suite shakeout, strategy pivot and a board refresh as it continues to work on turning the business around.

    By • Dec. 7, 2022
  • Sundry
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    Retrieved from Sundry on January 25, 2022
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    Digital Brands closes on $10M stock offer to fund acquisitions

    The DTC conglomerate may at last be close to finalizing its deal to buy women’s apparel brand Sundry, first announced in January.

    By • Dec. 2, 2022
  • store front of Party City
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    Daphne Howland/Retail Dive
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    Party City back in creditor talks amid cash crunch: Bloomberg

    The retailer is once again struggling as consumers pull back amid heavy inflation and its liquidity dwindles.

    By • Dec. 2, 2022
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    Matthew Hatcher via Getty Images
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    10 of the biggest retail stories in 2022

    From potential bankruptcies to off-price retailer turmoil, this year came with macroeconomic pressures for companies across the board.

    By Retail Dive Staff • Dec. 2, 2022
  • store front of Party City
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    Daphne Howland/Retail Dive
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    Fitch downgrades Party City as maturities loom

    The party goods retailer is fast losing any financial cushion, its turnaround is uncertain and restructuring is “probable,” Fitch analysts said last week.

    By • Nov. 14, 2022
  • An interior shot of the massive American Dream mall, with a fountain in the middle that is surrounded by layers of pink, purple and yellow flowers.
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    Courtesy of Triple Five Worldwide
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    American Dream cuts a deal with lenders to extend debt

    The arrangement could give the massive mall in New Jersey more time after a tumultuous financial ride since opening. 

    By • Nov. 11, 2022
  • A row of bright pink, pale pink and red jars of Revlon nail polish, with black caps against a black background, in closeup.
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    "Revlon" by Mike Mozart is licensed under CC BY 2.0
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    Revlon’s sales down 10% as it tries to right itself in Ch. 11

    The cosmetics giant has worked to firm up relationships with suppliers and is also fielding potential interest in buying the company out of bankruptcy. 

    By • Nov. 9, 2022
  • An Under Armour storefront
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    Kaarin Vembar/Retail Dive
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    Column

    The Weekly Closeout: DSW bets on shoe repair and Under Armour finally addresses athleisure

    Shoppers can drop off their worn shoes at the footwear retailer’s stores. And the athletics brand is broadening its assortment.

    By Retail Dive Staff • Nov. 4, 2022
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    Bed Bath & Beyond files to sell more stock

    Following the sale of 12 million shares earlier this year, the struggling retailer submitted paperwork to sell an additional $150 million worth of shares.

    By • Oct. 28, 2022
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: Retail bankruptcies are poised for a comeback

    What can we learn about the industry as a whole by looking at its weakest players?

    By Retail Dive Staff • Oct. 27, 2022
  • A Bed Bath & Beyond sign against a blue sky with puffy white clouds.
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    Daphne Howland/Retail Dive
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    Bed Bath & Beyond met with downgrade as it looks to swap out debt

    The retailer’s interim CEO said it was looking to address its nearest bond maturities and “any impact they may have on our current and future business.”

    By • Oct. 19, 2022
  • The front of a Michaels craft store.
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    "Michaels Arts And Crafts store - Saugus, Massachusetts" by Anthony92931 is licensed under CC BY-SA 3.0
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    Michaels downgraded at S&P as pandemic craft boom wanes

    With consumers pulling back on discretionary spending and changing their habits, the retailer is under pressure after last year’s leveraged buyout. 

    By • Oct. 18, 2022
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    Mike Mozart
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    After years of litigation, Toys R Us’ creditors reach resolution with former execs

    A judge approved a settlement in a lawsuit brought by suppliers and others the toy retailer owed money to when it collapsed in bankruptcy. 

    By • Oct. 17, 2022
  • Rue21 to open new stores.
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    Courtesy of Rue21
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    Rue21 has a deal to bolster finances ahead of holidays

    The teen retailer said it had an agreement with lenders that would secure working capital and “preserve continuity” with suppliers and vendors.

    By • Oct. 13, 2022
  • Rue21 to open new stores.
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    Courtesy of Rue21
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    Rue21 hires advisers for possible restructuring: WSJ

    Less than two years ago, the teen-focused retailer was adding stores and growing its sales. 

    By • Oct. 3, 2022
  • Party City storefront
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    Party CIty
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    18 retailers at risk of bankruptcy as consumers tighten wallets in 2022

    As demand wavers and capital gets harder to find, the number of companies at risk has soared from last year. 

    By • Oct. 3, 2022