Big Lots announced that it does not anticipate completing its previously announced asset purchase agreement with Nexus Capital Management, though it continues to work toward completing an alternative going concern transaction with Nexus or another...
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December 20, 2024, 08:17 AM
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Bob's Stores ("Bob's"), a subsidiary of GoDigital Media Group, announced that the company will close all of it's Bob's locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. Despite making...
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July 03, 2024, 07:41 AM
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Hilco Global announced the completion of a successful engagement with Express as it is sold to Phoenix Retail. Phoenix Retail, a new retail business, is a joint venture between WHP Global and mall owners Simon Property Group and Brookfield...
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June 26, 2024, 07:58 AM
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Sam Ash—the century-old American music retailer that became a beloved institution for generations of amateur and professional musicians alike—filed for Chapter 11 bankruptcy protection on May 8, 2024 in the U.S. Bankruptcy Court for the District of...
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May 10, 2024, 08:00 AM
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Rite Aid Corporation has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the...
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October 16, 2023, 08:05 AM
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The Wall Street Journal reported Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial number of its more than 2,100 drugstores, citing people familiar with the talks.According to the...
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September 25, 2023, 08:00 AM
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Reuters reported that a U.S. bankruptcy judge on Wednesday approved Party City Holdco's Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all of its equity value over to the retailer's lenders.Read the full...
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September 08, 2023, 07:57 AM
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Bed Bath & Beyond announced that it and certain of its subsidiaries (collectively, "the Company") filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District...
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April 24, 2023, 08:00 AM
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A&G Real Estate Partners will be auctioning over 250 leases nationwide as part of a first round of store closures from Tuesday Morning Corp. in connection with the off-price home goods and décor retailer’s voluntary Chapter 11 reorganization. In...
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March 10, 2023, 07:21 AM
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Tuesday Morning Corp., a leading off-price retailer of home goods and décor, announced that it is pursuing a financial and operational reorganization to enable the Company to reduce its outstanding liabilities, obtain significant and necessary...
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February 15, 2023, 07:50 AM
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Reuters reported that Party City Holdco Inc. filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry.Read the Reuters news story here.
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January 18, 2023, 07:59 AM
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B. Riley released its Retail Industry Monitor entitled “The Ripple Effect.” Among key findings:With the acceleration of retail bankruptcy filings into 2020, many retail store closings projected for 2021 were pulled forward during 2020. This dynamic...
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November 17, 2021, 07:48 AM
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Christopher & Banks Corporation, a specialty women’s apparel retailer, announced that it has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the...
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January 15, 2021, 08:15 AM
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Pier 1 Imports, Inc. (“Pier 1” or the “Company”) announced that it has entered into a Plan Support Agreement (the “PSA”) with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and...
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February 18, 2020, 09:03 AM
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Nine West Holdings, Inc. announced that, together with certain of its affiliates that it has successfully completed its financial and operational restructuring and emerged from Chapter 11 under the majority equity ownership of CVC Credit Partners and...
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March 21, 2019, 09:00 AM
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Wisconsin-based Shopko, which operates a chain of retail pharmacies, announced that despite the company's best efforts, it was unable to find a buyer for its go-forward business as a going concern. As a result, the company will commence an orderly...
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March 19, 2019, 08:36 AM
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Z Gallerie, LLC, a retailer of home décor products, announced that it has filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In conjunction with...
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March 13, 2019, 08:02 AM
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The other shoe is about to drop for discount footwear retailer Payless ShoeSource Inc., which is reportedly preparing to file for bankruptcy this month, the second time since 2017.
According to sources cited by Reuters, the company has been...
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February 15, 2019, 09:00 AM
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Things Remembered, Inc., an omnichannel retailer of personalized gifts and merchandise, announced it has executed an agreement to sell most of its business to Enesco, LLC (Enesco®), a global seller of giftware, home décor, and accessories.
To...
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February 07, 2019, 08:05 AM
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Charlotte Russe Holdings Corporation together with its subsidiaries announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on February 3, 2019....
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February 05, 2019, 07:32 AM
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Less than two months after initiating a strategic review of its businesses, Gymboree Group, Inc., a specialty children's retailer, announced that the company and its U.S. subsidiaries have voluntarily filed for relief under Chapter 11 of the...
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January 18, 2019, 08:00 AM
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Shopko, a operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring...
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January 17, 2019, 07:51 AM
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Clothing retailer FULLBEAUTY Brands Inc. announced that it has entered into a comprehensive Restructuring Support Agreement with key stakeholders, including its equity sponsors, Apax Partners and Charlesbank Capital Partners, holders of 100% of its...
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January 04, 2019, 08:27 AM
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Real estate advisory and brokerage firm A&G Realty Partners will auction 10 department store properties formerly owned by The Bon-Ton Stores, Inc., on Jan. 28 in New York. All bids for the bankruptcy auction, which centers on fee-owned properties in...
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January 04, 2019, 08:05 AM
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With the clock ticking down on a deadline to make a bid to save storied retailer Sears from liquidation, Sears Holdings Chairman Eddie Lampert made an offer on Friday to buy the company out of bankruptcy for $4.4 billion and keep more than 400 retail...
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January 02, 2019, 08:00 AM
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The iconic 125-year old retailer Sears may have less than 24 hour to survive before creditors opt to liquidate the storied firm, which filed for bankruptcy in October, according to published reports. Despite receiving $300 million in debtor in...
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December 28, 2018, 08:53 AM
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Sears Holdings said it will incur charges of approximately $443 million, including $81 million in markdowns, $9 million in severance costs, $335 million in lease termination costs, $12 million in other charges, and $6 million in depreciation, in the...
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December 26, 2018, 08:16 AM
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David's Bridal announced that it has taken the expected next step to implement its previously announced restructuring support agreement (RSA), filing for Chapter 11 in United States Bankruptcy Court in the District of Delaware. The court-supervised...
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November 20, 2018, 07:50 AM
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A bankruptcy judge in Virginia approved a proposal that could salvage the iconic toy retailer Toys “R” Us by giving control of the brand to a group of hedge funds that will earn money primarily through licensing ventures.
As ABLA reported last...
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November 14, 2018, 08:28 AM
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Mattress Firm, Inc., the nation’s leading specialty mattress retailer, announced that it is taking action to strengthen its balance sheet and optimize its store footprint. To achieve these objectives, the Company and its subsidiaries today filed...
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October 08, 2018, 08:01 AM
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The iconic toy retailer Toys "R" Us may get a second chance at thrilling kids the world over, with the company's creditors reportedly indicating that they are reconsidering the liquidation of the company. Reuters reports that the company's top...
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October 04, 2018, 10:00 AM
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SB360 Capital Partners LLC (SB360), an asset realization firm, has been chosen by Heritage Home Group LLC (HHG) to assist HHG in conducting sales of the inventory from their Thomasville & Co., and Broyhill business units. Thomasville & Co. includes...
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September 14, 2018, 07:20 AM
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Gump’s Holdings, LLC and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. announced that they filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of...
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August 09, 2018, 07:07 AM
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National Stores, Inc., a 344 store chain in twenty-two states and Puerto Rico, announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary...
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August 07, 2018, 07:48 AM
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Brookstone Company, the iconic mall retailer, announced it has begun the process of closing the company’s remaining 101 locations and is seeking a buyer for the firm. The company cited the "continued deterioration of traditional retail mall traffic"...
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August 03, 2018, 08:00 AM
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News of the looming death of the traditional retail sector may have been greatly exaggerated -- at least for distressed brick-and-mortar stores that managed to make it through a tough first half and into the start of the back-to-school season. This...
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July 18, 2018, 08:00 AM
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The Rockport Group announced that, after completing a Court approved marketing process, it intends to complete the previously announced Asset Purchase Agreement with CB Marathon Opco, LLC, an affiliate of Charlesbank Capital Partners, LLC, pending...
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July 05, 2018, 08:00 AM
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Footwear provider The Rockport Group, LLC announced that it has entered into an asset purchase agreement with CB Marathon Opco, LLC an affiliate of Charlesbank Equity Fund IX, Limited Partnership, pursuant to which Charlesbank will acquire...
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May 14, 2018, 08:00 AM
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The Bon-Ton Stores, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware has approved an asset purchase agreement between the Company and a joint venture composed of the holders of the Company’s 8.0% Second Lien Secured Notes...
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April 19, 2018, 08:00 AM
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Bertucci's, the casual restaurant known for its authentic Italian foods and signature brick oven pizzas, announced that it filed voluntary petitions for relief under Chapter 11 over the weekend in the United States Bankruptcy Court for the District...
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April 16, 2018, 07:31 AM
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Nine West Holdings, Inc., a leading footwear, accessories, women's apparel, and jeanswear company with a portfolio of brands that includes Nine West, Anne Klein, and Gloria Vanderbilt, today announced that it has filed voluntary petitions for...
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April 09, 2018, 08:01 AM
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Claire's Stores, Inc. announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company's balance sheet and position Claire's for long-term success pursuant to a chapter 11 reorganization...
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March 19, 2018, 08:00 AM
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The Bon-Ton Stores, Inc. announced that the company and its subsidiaries have filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District...
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February 05, 2018, 07:30 AM
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The number of business bankruptcy filings the third quarter dropped 13.6% compared to the second quarter of 2017, marking the lowest quarterly figure since the beginning of last year, according to new data released by BankruptcyData.com.
The service...
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October 20, 2017, 07:53 AM
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Toys“R”Us, Inc. announced that the company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in...
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September 19, 2017, 07:35 AM
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AGI HoldCo, Inc., a multi-channel leading women's footwear brand doing business as Aerosoles, announced that it, along with certain of its subsidiaries have voluntarily filed petitions to reorganize under chapter 11 of the U.S. Bankruptcy Code in the...
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September 18, 2017, 08:00 AM
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The Gymboree Corporation announced that the United States Bankruptcy Court for the Eastern District of Virginia has confirmed the Company's Plan of Reorganization. Gymboree expects to complete its financial restructuring process and emerge from...
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September 11, 2017, 07:51 AM
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Perfumania Holdings, Inc., a U.S. specialty retailer and distributor of designer fragrances and related beauty products, announced that it has initiated a recapitalization to be facilitated through a pre-packaged Plan of Reorganization to reduce its...
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August 28, 2017, 08:43 AM
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BankruptcyData released its Q2 2017 Business Bankruptcy Filings Report, which indicates that the Retail, Services and Finance/Insurance/Real Estate sectors increased their percentages of overall business bankruptcies during Q2 2017, compared to the...
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July 14, 2017, 08:01 AM
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Ongoing distress in the retail sector claimed another casualty this week, with True Religion Brand Jeans filing for creditor protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware. In a court filingthe company stated...
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July 05, 2017, 08:07 AM
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As the industry continues to struggle, the number of retailers filing for bankruptcy keeps growing, and 2017 could end up with the highest number of retail bankruptcies ever. That's the assessment of a new report from BankruptcyData.com that compiles...
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June 22, 2017, 07:30 AM
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Following a spate of store closures last month, teen specialty retailer rue21, Inc. announced it has filed a voluntary petition for reorganization under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Western District of...
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May 16, 2017, 07:31 AM
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ABL Advisor Exclusive: Distress in the brick and mortar sector led to a surge in retail bankruptcies in the first three months of 2017, with retailers accounting for 48% more filings than the same period last year.
That’s according to a new report...
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April 19, 2017, 08:00 AM
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Total U.S. bankruptcy filings fell slightly in the first calendar quarter (Jan. 1 - March 31) of 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc.and released by the American Bankruptcy Institute.
Bankruptcy filings...
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April 10, 2017, 07:20 AM
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Secular challenges including the rise of e-commerce and discount retailers, declining mall traffic, and consumer spending shifts toward services and experiences have created a highly competitive retail environment that has placed some retailers at...
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September 29, 2016, 07:17 AM
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As part of its ongoing strategic review process, Vestis Retail Group, LLC ("Vestis" or "the Company"), the parent company of Eastern Mountain Sports ("EMS"), Bob's Stores ("Bob's") and Sport Chalet, announced a series of steps that will collectively...
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April 18, 2016, 08:03 AM
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