October 7, 2020
Ruby Tuesday announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Prior to its filing, the Company reached an understanding with its secured lenders to support its restructuring through f ... Read more
September 30, 2020
Amazon is reportedly bringing its new Amazon Fresh grocery format to Whittier, CA, occupying a shuttered Orchard Supply Hardware store. Nearby competitors include ALDI, Ralph’s, Trader Joe’s, and Target. As reported in last week& ... Read more
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
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
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
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
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
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
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
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
