May 28, 2020
Yesterday, Tuesday Morning filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Northern District of Texas. The proceedings have been designated as case number 20-31476. Management said the goal is to “reduce ... Read more
May 20, 2020
Yesterday, Pier 1 Imports filed a motion seeking Court approval to begin an orderly wind-down of its retail operations. The Company intends to initiate liquidation sales once store locations can reopen, in compliance with COVID-19 g ... Read more
May 13, 2020
On May 10, Stage Stores filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Texas. The proceedings have been designated as case number 20-32564. The Company said it will simultaneously: (i) solicit bids for a ... Read more
May 6, 2020
On May 4, J. Crew Group, DIP filed a voluntary prearranged Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. The proceedings have been designated as case number 20-32181. The Company announced it has reached an agreement w ... Read more
April 29, 2020
COVID Impact Report
Best Buy Co., Inc. aims to open 200 locations across the country in May for consumers who have appointments for in-store consultations to purchase appliances or electronics. Employees will be mandated to wear masks ... Read more
April 22, 2020
L Brands deal to sell 55% of its Victorias Secret banner to Sycamore Partners could fall through, as the private equity firm is seeking to cancel its $525.0 million purchase after claiming L Brands breached covenants in the transactio ... Read more
April 15, 2020
Today Best Buy announced that it has retained approximately 70% of its sales compared to last year, supported by its curbside service model, despite the closure of its domestic stores. Domestic online sales are up over 250% ... Read more
April 8, 2020
According to reports, Pier 1 Imports, Inc. expects to receive a bid that would keep a number of the Company’s stores open. Click here for more information.
Previously, the Court authorized Pier 1 Imports to temporarily stop paying landlords, suppliers, and shippers to preser ... Read more
April 1, 2020
Fairway Group Holdings Corp. announced the winning bids for six Fairway stores on a going concern basis: Village Supermarket, Inc. (Wakefern Member), Seven Seas Georgetowne, LLC (Key Food Member) and Amazon Retail LLC. In addit ... Read more
March 25, 2020
Neiman Marcus has approximately $5.30 billion in debt; although a recent restructuring moved most of the maturity dates out to 2023, it has more than $100.0 million maturing in 2021. The Company has stopped issuing financial statements to th ... Read more