News

April 15, 2020           Today Best Buy announced that it has retained approximately 70% of its sales compared to last year, supported by its curbside service model, despite the closure of its domestic stores. Domestic online sales are up over 250% ... Read more
Peyton Radford
April 8, 2020 According to reports, Pier 1 Imports, Inc. expects to receive a bid that would keep a number of the Company’s stores open. Click here for more information. Previously, the Court authorized Pier 1 Imports to temporarily stop paying landlords, suppliers, and shippers to preser ... Read more
Peyton Radford
April 1, 2020         Fairway Group Holdings Corp. announced the winning bids for six Fairway stores on a going concern basis: Village Supermarket, Inc. (Wakefern Member), Seven Seas Georgetowne, LLC (Key Food Member) and Amazon Retail LLC. In addit ... Read more
Peyton Radford
March 25, 2020     Neiman Marcus has approximately $5.30 billion in debt; although a recent restructuring moved most of the maturity dates out to 2023, it has more than $100.0 million maturing in 2021. The Company has stopped issuing financial statements to th ... Read more
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford
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
Peyton Radford

Pages