Good Afternoon,
As a reminder, the AggData weekly industry newsletter is currently only available to existing subscribers. As a courtesy, I have included this week’s edition below since it covers several high-profile stories, including three major retail bankruptcies and recently ann ... Read more
July 31, 2019
Barneys New York is reportedly in discussions with existing lenders, including Wells Fargo & Company, about a DIP Facility to fund operations if it decides to file for bankruptcy. The discussions are in the early stages, and management is still evaluating options that coul ... Read more
July 24, 2019
Ross Stores opened 22 Ross Dress for Less and six dd’s Discounts stores across 10 states in June and July. These new locations are part of the Company’s previously announced plans to add approximately 100 stores in 2019, includ ... Read more
July 17, 2019
On July 12, Fred’s announced another 129 store closings, leaving the store base around 80 retail units. This is the fourth round of announced closures since April, reducing the Company’s store count from 556 just a few months ago. The map below shows ... Read more
July 10, 2019
Boston Market said it recently closed 45 stores as it proceeds with its “multi-faceted transformation plan” amid declining sales in recent years. Published reports indicate the Company closed six locations on June 30 and ... Read more
June 25, 2019
On June 21, Fred’s announced its third wave of closings, with an additional 49 stores to shutter (click here to request a list of closings). This follows the April 11 and May 16 announcements of 159 and 104 closures, respectively.&nb ... Read more
June 19, 2019
Kohl’s Corporation announced it plans to close its four Off/Aisle by Kohl’s locations (click here to request a list). The stores, located in Wauwatosa, Brown Deer, and Waukesha, WI, and Cherry Hill, NJ, will close on August 3. ... Read more
June 12, 2019
On June 10, Sportco Holdings, DIP, the parent of Ellett Brothers, LLC, filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court in the District of Delaware. The Honorable Laurie Selber Silverstein was assigned to the proceedings, which have been designated as c ... Read more
June 4, 2019
According to published reports, Forever 21 is considering strategic alternatives, including a possible restructuring. The Company is reportedly in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing s ... Read more
May 30, 2019
Arcadia Group,a London-based fast-fashion retailer and operator of the Topshop and Topman brands, filed Chapter 15 in the U.S. Bankruptcy Court in the Southern District of New York on May 23. Chapter 15 is the section of the U.S. Bankruptcy Code that deals with foreign insol ... Read more
