News

April 5, 2023 Burger King franchisee EYM King of Michigan is closing all 26 locations it owns in that state, citing a failure to come to terms with the Company on a new deal. According to the WARN notice, 424 employees will lose their jobs. Locations began shuttering on March 17, and all are ant ... Read more
Peyton Radford
March 29, 2023 Target is planning to close four of its small concept stores based in urban areas; two locations are in the Washington D.C. metro area (Falls Church, VA and College Park, MD), and the others are in Minneaolis, MN and Philadelphia, PA. The stores are shutting down due to low perfor ... Read more
Peyton Radford
March 22, 2023     Foot Locker detailed plans to transform its store network over the next few years. The Company plans to close about 400 mall locations through 2026, which collectively represent 10% of its annual sales but have been underperforming, in part due to sl ... Read more
Peyton Radford
March 15, 2023     Dick’s Sporting Goods announced it was finally terminating the Field & Stream concept. Eight locations were closed in 4Q22 and will reopen this year as House of Sport stores and four as expanded Dick’s stores, with the five remaining stor ... Read more
Peyton Radford
March 8, 2023       Walmart announced its plans to open 28 new Walmart Health center locations in 2024. By the end of 2024, the Company expects to have more than 75 centers across the U.S., which would nearly double its current footprint. The first of the new Wa ... Read more
Peyton Radford
March 1, 2023     Bath & Body Works 4Q22 sales declined 4.6% YOY driven by a decrease in transactions and lower average ticket. At the Companys U.S. and Canadian stores, sales were down 5.1%, while international sales rose 30% and e-commerce sales fell 6.3% (25% of 4Q22 sal ... Read more
Peyton Radford
February 22, 2023     According to reports, Lidl laid off about 200 corporate employees at its U.S. headquarters in Arlington, VA, in an ongoing effort to course correct after its corporate headcount growth had outpaced its store expansion. No store-level workers were elimi ... Read more
Peyton Radford
February 15, 2023 Yesterday, Tuesday Morning Corporation, DIP 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 23-90001. The petition states that the Debtors plan to pursue “a va ... Read more
Peyton Radford
February 8, 2023     Amazon’s 4Q22 sales came in above guidance, increasing 9% to $149.20 billion. Excluding the unfavorable impact of foreign exchange rates, sales would have increased 12%. Amazon Web Services (AWS) continued to perform the strongest, increasing 2 ... Read more
Peyton Radford
February 1, 2023         Party City, DIP was granted authority to reject leases on 28 locations closed prior to the Chapter 11 proceedings. These likely comprise some of the 55 stores closed just prior to COVID, and 13 others closed since, leaving the C ... Read more
Peyton Radford

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