News

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
February 5, 2020       Yesterday, Macys 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 over the next ... Read more
Peyton Radford
January 29, 2020     On Monday, Luckys Market Parent Company, LLC, DIP filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The proceedings have been designated as case number 20-10166. Th ... Read more
Peyton Radford
January 22, 2020         Bose announced plans to close all of its 119 retail locations in North America, Europe, Japan and Australia over the coming months (click here to request a list). Approximately 130 stores in China and the United Arab Emirat ... Read more
Peyton Radford
January 15, 2020         Macy’s reported holiday comps fell 0.7% on an owned basis and 0.6% on an owned plus licensed basis. Sales trends improved from the third quarter, when comps declined 3.5%. Comps increased 1.1% during th ... Read more
Peyton Radford
January 8, 2020   Bed Bath & Beyond is actively pruning its real estate holdings to generate cash and completed a $250.0 million sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital. This transaction includes 2.1 million square feet of commercial spac ... Read more
Peyton Radford
December 26, 2019 AggData wishes you a happy holiday season and prosperous New Year. The next edition of this newsletter will be issued on Wednesday, January 8th.     A published report in The New York Times last week discussed “a venture-backed ‘fam ... Read more
Peyton Radford
December 18, 2019     Topgolf is on track to expand into dozens of locations in both Central Europe and Asia, and it announced plans to expand into smaller U.S. markets. CEO Dolf Berle said that Topgolf currently has “tremendous white space” in each of its ... Read more
Peyton Radford

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