November 6, 2019
On October 9, it was reported that certain assets and liabilities of Olympia Sports Center, Inc., were acquired by Jackrabbit, an omni-channel retailer of athletic footwear, apparel, and accessories. JackRabbit is owned by affiliates of p ... Read more
October 30, 2019
On October 23, it was reported that Transform Holdco (New Sears) borrowed an additional $150.0 million to fund operating losses. The lenders include Edward Lampert, chairman of ESL Investments, ... Read more
October 23, 2019
On Monday, Destination Maternity Corporation, DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court in the District of Delaware. Reports state that the Company is trying to find a buyer in bankruptcy, but if it cannot, it will like ... Read more
October 16, 2019
Yesterday, Hamilton Beach Brands Holding Company announced the wind down of the retail operations of its subsidiary, The Kitchen Collection, LLC (KC), and the closure of all of its 160 stores by the end of 2019 (click here to request a list); liquidation sal ... Read more
October 9, 2019
According to sources, Topgolf International Inc. is in talks with investment banks for an IPO planned for next year. Topgolf is looking to raise capital to support new venue growth in the U.S. and international markets. The Company operates 52 U.S. ... Read more
October 2, 2019
On September 29, it was reported that Forever 21, Inc. and collectively seven affiliated debtors filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. Forever 21 has also started an insolvenc ... Read more
September 25, 2019
On September 19, Walmart announced the pricing of two new bonds totaling $1.50 billion. The Company indicated the proceeds will be used for general corporate purposes, including refinancing maturing debt. The next large maturity on the horizon is July ... Read more
September 18, 2019
Yesterday, Stage Stores announced plans to convert substantially all of its stores to Gordmans, its off-price banner. Based on the early success of the conversion strategy, the Company plans to begin converting its remaining department stores in February 2020 ... Read more
September 11, 2019
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Department Store Future Openings & Closings
On Monday, Fred’s, Inc. filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. The Company also filed a motion seeking ... Read more
September 5, 2019
Transform Holdco (New Sears) is closing 100 Sears and Kmart stores through December (click here to request a list). Although the Company did not issue an official release, management has confirmed the closures, according t ... Read more
