December 16, 2020
November Retail Sales Report
November U.S. retail sales remained soft, falling 1.1% from the prior month, which was revised down to 0.1% or by 40 bps. Given that both September and October were revised down, we have increasing concern about the stre ... Read more
December 9, 2020
On December 10, Amazon will open a new 35,000 square-foot Amazon Fresh location in Naperville, IL. The store includes the Amazon Dash Cart, which enables customers to skip the checkout line, as well as new Alexa features to ... Read more
December 2, 2020
In the J.C. Penney bankruptcy case, the Court entered an order confirming the Plan of Reorganization. The Plan provides for a sale transaction under which an entity controlled by Brookfield Asset Management, Inc. and Simon Prope ... Read more
November 25, 2020
Yesterday, in the JC Penney bankruptcy case, the Court entered an order confirming the Plan of Reorganization. The Plan provides for a sale transaction under which an entity controlled by Brookfield Asset Management, Inc. and Simon Pr ... Read more
November 18, 2020
Chipotle Mexican Grill is opening its first digital-only restaurant, called the Chipotle Digital Kitchen, in Highland Falls, NY. Rather than the typical fast-casual service line, the Digital Kitchen will con ... Read more
November 11, 2020
J. C. Penney announced that the Bankruptcy Court approved the asset purchase agreement (APA) with Brookfield Asset Management, Inc., Simon Property Group, and the Company’s DIP and First Lien Lenders. The a ... Read more
November 5, 2020
Yesterday, Pet Retail Brands announced plans to wind down all of Pet Valus U.S. operations, while keeping its Canadian business intact. The Company expects to close all of its 358 Pet Valu locations in the United State ... Read more
October 28, 2020
In the J.C. Penney bankruptcy case, the Debtors provided notification that following mediation, Simon Property Group and Brookfield Asset Management, the Majority Lender Group, and the Debtors reached agreement on all outstanding business points in ... Read more
October 21, 2020
In a filing with the SEC related to the J.C. Penney bankruptcy case, the Debtors stated that they plan to file a draft version of an asset purchase agreement (APA) later today. The APA was prepared with the other parties to a pr ... Read more
October 14, 2020
Yesterday, Bed Bath & Beyond announced the sale of its Christmas Tree Shops banner, its Linen Holdings business, and a distribution center in Florence, NJ to Handil Holdings and The Linen Group, in separate agreements ... Read more
