Distressed Retail: Page 2
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Daphne Howland/Retail Dive
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 -
Courtesy of Boxed
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 -
Explore the Trendline➔
Courtesy of GoodwillFinds.com
TrendlineRetail Dive's outlook on 2023
A look at retail trends and forecasting for what retailers can expect in a year of economic uncertainty.
By Retail Dive staff -
Bruce Bennett via Getty Images
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 -
Gabe Ginsberg / Stringer via Getty Images
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 -
KLH49 via Getty Images
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 -
Cara Salpini/Retail Dive
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 -
Daphne Howland/Retail Dive
Bed Bath & Beyond proposes reverse stock split
The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.”
By Nate Delesline III • March 20, 2023 -
Big Lots reports furniture shortages after largest supplier abruptly closes
The shutdown of vendor United Furniture Industries pressured the discount retailer's e-commerce sales.
By Alejandra Salgado • March 16, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning wants to close over 250 stores
The discount retailer says it “has too many stores” and needs a smaller brick-and-mortar footprint to remain a viable business.
By Nate Delesline III • March 10, 2023 -
Bruce Bennett via Getty Images
S&P upgrades Bed Bath & Beyond but warns of ongoing concerns
The retailer remains in a precarious financial position with the outcome of its turnaround plan uncertain.
By Nate Delesline III • March 7, 2023 -
Caroline Jansen/Retail Dive
11 digitally native retailers at risk of bankruptcy
These companies were meant to be disruptors to the industry. But as macroeconomic pressures intensify and capital gets harder to find, they may be put to their biggest test.
By Caroline Jansen • March 6, 2023 -
Adeline Kon/Retail Dive
TrackerThe running list of major retail bankruptcies
From Toys R Us to J.C. Penney, many retailers have filed over the past few years. Here’s who has fallen victim since 2017.
By Retail Dive Staff • Updated May 26, 2023 -
Nate Delesline III/Retail Dive
Party City plans to close 22 stores in bankruptcy
Twelve of the locations are already up for auction, and the total number of closures could change as the retailer continues to evaluate its footprint.
By Nate Delesline III • Feb. 17, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning says lenders’ actions contributed to Chapter 11
The company, which is preparing to close hundreds of stores, said when Wells Fargo increased its reserves, the move “effectively eliminated” the retailer’s operating liquidity.
By Nate Delesline III • Feb. 16, 2023 -
Caroline Jansen/Retail Dive
Independent Pet Partners files Ch. 11, looks to sell some stores
The owner of Loyal Companion is closing dozens of stores and selling some of its locations to Pet Supplies Plus and other competitors.
By Kaarin Vembar and Tatiana Walk-Morris • Feb. 16, 2023 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning files for Chapter 11, again
In its second bankruptcy filing since 2020, the discount retailer is planning to shrink its store footprint further and refocus on high-traffic stores.
By Nate Delesline III • Feb. 14, 2023 -
Daphne Howland/Retail Dive
Store openings outpace closures in 2022: Coresight
Discount stores — driven by dollar stores — led retail openings, while apparel stores saw the most closures.
By Nate Delesline III • Feb. 13, 2023 -
Carl Court via Getty Images
What lies ahead for retail in 2023
Value-conscious consumers, rising layoffs and new leadership at some of retail’s major players are just a few forces shaping the industry so far.
By Retail Dive Staff • Feb. 13, 2023 -
Daphne Howland/Retail Dive
Last-minute funding buys Bed Bath & Beyond more time
As part of the company’s turnaround strategy, it aims to reduce its brick-and-mortar footprint to 480 stores.
By Nate Delesline III • Feb. 8, 2023 -
Bruce Bennett via Getty Images
Bed Bath & Beyond seeks $1B to avoid bankruptcy
The investor deal comes as the beleaguered home goods retailer ushers in a new interim CFO with experience in turnarounds.
By Nate Delesline III • Feb. 7, 2023 -
Permission granted by Bed Bath & Beyond
Missed interest payment signals Bed Bath & Beyond ‘out of options’
Analysts think the retailer is out of time and money. Meanwhile, the company closed a distribution center in Texas, impacting hundreds of employees.
By Nate Delesline III • Feb. 2, 2023 -
Robin Marchant / Stringer via Getty Images
Ariana Grande to buy her beauty brand’s assets from Forma Brands for $15M
The singer’s brand, R.e.m. Beauty, entered into a licensing agreement with the company in December 2020.
By Dani James • Feb. 2, 2023 -
Courtesy of Bed Bath & Beyond
Bed Bath & Beyond to close all Harmon stores
The retailer will also close an additional 87 of its namesake stores as a potential bankruptcy filing looms.
By Nate Delesline III • Jan. 30, 2023 -
Bruce Bennett via Getty Images
As it inches toward bankruptcy, Bed Bath & Beyond defaults on loan
The distressed home goods retailer said it doesn’t have enough cash to pay down its debts.
By Caroline Jansen • Jan. 27, 2023 -
Daphne Howland/Retail Dive
ColumnThe Weekly Closeout: Foot Locker faces privacy suit and Levi’s misquotes Mark Twain
A lawsuit alleges the athletics retailer violated California’s privacy act. Meanwhile, Levi’s CEO Chip Bergh cited the author on why skinny jeans are not dead.
By Retail Dive Staff • Jan. 27, 2023
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