April 26, 2023
On Sunday, Bed Bath & Beyond filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. While the Debtors have commenced a liquidation sale, they plan “an orderly wind down of its businesses while conducting a limited marketing pr ... Read more
April 19, 2023
On Monday, David’s Bridal LLC, DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. The proceedings have been designated as case number 23-13131. The Company expects to file a "recognition proceeding" in Canada, which will re ... Read more
April 12, 2023
GNC said it opened 75 new stores in 2022 and several dozen in 2023 so far, with 88 commitments and another 15 anticipated to open by year end. In addition, GNC introduced a new social selling tool called Salesfloor, through which shoppers can speak with the Company’s coaches ... Read more
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
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
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
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
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
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
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
