News

September 23, 2020     Bed Bath & Beyond identified the first 63 stores it will close by year-end as part of its restructuring plan announced in July, under which it would close roughly 200 stores over the next two years. The Company operates 1,478 stores under various ... Read more
Peyton Radford
September 16, 2020       According to published reports, Petco’s private equity owners, CVC Capital Partners (CVC) and Canada Pension Plan Investment Board (CPPIB), are looking to sell Petco or launch an IPO. The reports indicate the Company is being  ... Read more
Peyton Radford
September 10, 2020     Today, Century 21 Department Stores LLC, filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of New York. The proceedings have been designated as case number 20-12097. In connection with the proc ... Read more
Peyton Radford
September 2, 2020           According to reports, J.C. Penney Company is proposing to sell itself out of bankruptcy to its lenders, after a stalemate in negotiations with other bidders, including Simon Property Group and Brookfield Property Part ... Read more
Peyton Radford
August 26, 2020     Payless ShoeSource, which emerged from Chapter 11 in January after completely winding down its North America business, announced it is now planning to reenter the U.S. market through a new e-commerce website. It is also planning to open a new prototyp ... Read more
Peyton Radford
August 19, 2020           In the Stein Mart bankruptcy case, the Debtors filed motions seeking interim authorization to close all 281 of the Company’s stores (click here to request the list). GOB sales will be conducted by a joint ... Read more
Peyton Radford
August 12, 2020     Today, Stein Mart, Inc. filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of Florida. The Company expects to close a significant portion, if not all, of its brick-and-mortar stores and it has launched a store ... Read more
Peyton Radford
August 5, 2020 On August 2, Lord & Taylor LLC filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. The proceedings have been designated as case number 20-33328. The Company’s owner, clothing rental startup Le Tote Inc., also fi ... Read more
Peyton Radford
July 29, 2020     On July 23, ascena retail group, inc. (owner of Ann Taylor, LOFT, Lane Bryant, Justice, and Lou & Grey) filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. The proceedings have been designated as ca ... Read more
Peyton Radford
July 22, 2020     Yesterday, ALDI announced the next phase of its growth plan. According to Jason Hart, CEO of ALDI U.S., the Company officially reached 2,000 stores in June with the opening of two new locations in California. Overall, ALDI expects to open more than 70 ... Read more
Peyton Radford

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