News

March 18, 2020     On March 11, Neiman Marcus announced it would close the majority of its Last Call stores by 1Q2 (click here for a complimentary list).1. The Company stated that select locations would remain open to serve as a selling channel for residu ... Read more
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March 11, 2020     Albertsons is preparing to launch an initial public offering (IPO), and the Company’s valuation was around $19.00 billion, or about 7x EBITDA. Last week, the Company filed an S-1 report with the SEC indicating it is official ... Read more
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March 4, 2020     On February 20, it was reported that Stage Stores is reportedly preparing for a financial restructuring that could include a bankruptcy filing. Reports indicated that the situation remains fluid, and the Company could complete an out-of-court debt res ... Read more
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February 26, 2020   On February 20, L Brands sold a majority stake in Victoria’s Secret to private equity firm Sycamore Partners, allowing the retailer to focus on growing sales and profitability at Bath & Body Works (BBW). The deal was worth $1.10 billion in enterprise ... Read more
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February 20, 2020     On February 17, Pier 1 Imports, Inc. filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court in the Eastern District of Virginia. The proceedings have been designated as case #20-30805. The Debtors have entered into a Plan Support Agree ... Read more
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February 12, 2020           Macy’s announced a three-year “Polaris Strategy,” focused on stabilizing profitability and positioning itself for future growth. As part of the plan, the Company will close 125 department stores ... Read more
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February 5, 2020       Yesterday, Macys announced a three year "Polaris strategy", focused on stabilizing profitability and positioning itself for future growth. As part of the plan, the Company will close 125 department stores over the next ... Read more
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January 29, 2020     On Monday, Luckys Market Parent Company, LLC, DIP filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The proceedings have been designated as case number 20-10166. Th ... Read more
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January 22, 2020         Bose announced plans to close all of its 119 retail locations in North America, Europe, Japan and Australia over the coming months (click here to request a list). Approximately 130 stores in China and the United Arab Emirat ... Read more
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January 15, 2020         Macy’s reported holiday comps fell 0.7% on an owned basis and 0.6% on an owned plus licensed basis. Sales trends improved from the third quarter, when comps declined 3.5%. Comps increased 1.1% during th ... Read more
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