September 21, 2022
Bed Bath & Beyond posted a list of 56 stores it plans to close by year end. This is part of the Company’s plan to close about 150 of its “lower producing” namesake stores, in addition to staff reductions and a merchand ... Read more
September 14, 2022
Olympia Sports Acquisitions, DIP and a number of related Debtor entities including Legacy Shoes (fka Shoebuy.com) filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. Olympia is ... Read more
September 7, 2022
Bed Bath & Beyond secured commitments for new financing. The Company amended its $1 billion asset-based revolving credit facility, increasing the commitments by $130 million to $1.13 billion and providing for a $375 millio ... Read more
August 31, 2022
The Gap’s 2Q22 consolidated sales and comps fell 8% and 10%, respectively due to slowing demand, inflation pressure and 104 fewer stores since last year. In-store sales fell 10% and online declined 6%; it is now 34% of total sale ... Read more
August 24, 2022
Amazon is reportedly halting the rollout of more Fresh self-checkout food stores, following disappointing sales and economic headwinds. Planned store openings will proceed if leases have been signed and construction has begun, bu ... Read more
August 17, 2022
Amazon is rolling out its Amazon One palm-recognition payment system to additional Whole Foods Market stores across California. More than 65 Whole Foods in California will soon provide the Amazon One service, which lets customers ... Read more
August 10, 2022
Amazon has closed one of its Amazon Go stores in Seattle, WA because of concerns about the safety of its store employees, customers and third-party vendors due to escalating crime. The store will reopen if conditions improve. Emp ... Read more
August 3, 2022
Amazon’s 2Q22 top line advanced at the high end of guidance, increasing 10% when excluding the unfavorable impact of foreign exchange rates. Growth continued to be led by Amazon Web Services (AWS), which increased 33%. ... Read more
July 27, 2022
In addition to a forward-looking analysis of specific retailers at risk by our team of industry experts, the report also includes a breakout of high yield retail bonds, upcoming debt maturities and future store closings.Click here to request a copy of ... Read more
July 20, 2022
In addition to a forward-looking analysis of specific retailers at risk by our team of industry experts, the report also includes a breakout of high yield retail bonds, upcoming debt maturities and future store closings.Click here to request ... Read more