News

November 8, 2023 In the RITE AID CORPORATION, DIP case, the Debtors notified the Court that they intend to close 24 additional stores.These units are in addition to the initial list o ... Read more
Peyton Radford
November 1, 2023   In the RITE AID CORPORATION, DIP case, the Debtors filed a motion seeking authorization to reject 35 unexpired store leases, which is in addition to previously filed motions seeking to reject 350 unexpired lease ... Read more
Peyton Radford
  October 24, 2023 The Court provided interim authorization for RITE AID CORPORATION, DIP to pay certain prepetition claims of 503(b)(9), lien and critical vendor claimants, in an aggreg ... Read more
Peyton Radford
Contact Us   October 18, 2023 RITE AID CORPORATION, DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. The proceedings have been desi ... Read more
Peyton Radford
Contact Us   October 11, 2023 MACYS announced plans to open up to 30 new Macys small-format locations across the country, beginning in 2024 through fall 2025. This exp ... Read more
Peyton Radford
The weeks top stories...Blue Apron and Chicos are acquired, Toys R Us is coming back, and Target and Dicks close stores October 4, 2023 TOYS R US plans to open new stores in the U.S., "marking a return to dedicated bricks-and-mortar locations," following its bankruptcy in 2017. Parent comp ... Read more
Peyton Radford
September 27, 2023 RITE AID is negotiating with creditors over the terms of a bankruptcy plan that would include closing a substantial portion of its more than 2,200 drugstores, according to sources. The Company and bondholders are in discussions over the number of stores to be closed. Rit ... Read more
Peyton Radford
September 20, 2023 INSTACART begins trading today on the Nasdaq under the symbol "CART." Last week the Company submitted an updated filing for its proposed IPO, setting an offer price of $28 to $30 per share (up from $26 to $28 initially reported). The Company plans to issue 22 millio ... Read more
Peyton Radford
September 13, 2023 KROGER and ALBERTSONS announced that they have entered into an agreement with C&S WHOLESALE GROCERS for the sale of 413 stores, banners, distribution centers, offices and private label brands in connection with their proposed merger previously announc ... Read more
Peyton Radford
September 6, 2023 J.C. PENNEY plans to spend more than $1 billion by the end of 2025 to remodel its stores, upgrade its online shopping capabilities, and improve its supply chain network. This amount would annually average about 35% above the $246 million the Company spent on Capex in FY22 ... Read more
Peyton Radford

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