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
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
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
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
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
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
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
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
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
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