Bankruptcy

Articles on bankruptcy in the retail industry.

  1. Technology & Innovation

Serta Simmons Seeks to Improve Inventory and Supply Chain Planning with New Tech

Mattress retail conglomerate Serta Simmons Bedding (SSB) — the owner of brands including Serta, Simmons, Beautyrest and Tuft & Needle — is working to transform its supply chain planning capabilities through a new partnership with Blue Yonder. By integrating Blue Yonder’s SaaS-based Integrated Demand and Supply Planning solutions into its existing Advanced Planning System (APS), SSB hopes to improve […]
2 min read
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  1. Shopper & Customer

Growing Business After an Economic Boom

The pandemic years were boom times for numerous sectors of the economy, including home and bedding, furniture, and home workout brands. In a short period of time, Americans spent $118 billion spiffing up their homes (some categories of home goods, such dishwashers, spiked 4000 percent). Home sales also spiked as people sought more space. But […]
4 min read
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  1. Corporate Finance

Tuesday Morning Receives $12.5M in New Debtor-in-Possession Financing

Off-price home goods retailer Tuesday Morning, which filed for bankruptcy in February 2023, has received $12.5 million in debtor-in-possession (DIP) financing from 1903 Partners LLC together with its affiliates, Gordon Brothers. The additional funding brings Tuesday Morning’s DIP commitments to a total of $27 million. “After careful deliberation, we have determined that partnering with Gordon […]
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  1. Channel: Mass

How Private Label Brands Create Affordable Joy

Recently, Procter & Gamble indicated that it would continue to raise prices even though lack of consumer demand – due to increased prices – was responsible for half of its sales decreases. P&G’s CFO indicated that the packaged goods behemoth’s focus on continuing price hikes would be acceptable to consumers because, after all, people still […]
6 min read
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  1. Corporate Finance

A Bargain Hunter’s Guide to Buying Liquidation Pallets

Whether you’re a small business owner or a savvy investor, buying liquidation pallets can be a great way to get high-quality merchandise at a fraction of the price. Many investors make a living buying liquidation pallets, and so can you as long as you’re investing the right way. How to Find and Buy Quality Liquidation […]
3 min read
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  1. Corporate Finance

Party City to Close 22 Stores as Part of Bankruptcy Slim-Down

Party City Holdco, parent company of Party City, will close 22 underperforming stores as part of its Chapter 11 reorganization. The retailer’s plans were revealed in court documents filed with the U.S. Bankruptcy Court for the Southern District of Texas earlier this month, and the move could presage additional store closings as the retailer seeks […]
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  1. Corporate Finance

Tuesday Morning Files Chapter 11 for the 2nd Time in 3 Years

Off-price home good and décor retailer Tuesday Morning announced it’s filing for Chapter 11 bankruptcy protection. The company is “pursuing a financial and operational reorganization to enable it to reduce its outstanding liabilities, obtain significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner,” according to a […]
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  1. Operations & Supply Chain

Why Fashion Brands Need to Reduce Inventory to Survive the Impending Recession

The last two years have been a roller coaster for fashion brands. The supply chain disruptions of 2021 led to many merchants struggling to get their hands on enough inventory, and then overbuying to compensate. Now, with an economic downturn looming and the threat of reduced spending increasing, retailers that overstocked during the pandemic are […]
3 min read
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  1. Retail Ecosystem

Prof G Markets: The AI Wars, Bed Bath & Beyond’s Share Sale, and Scott’s Options Trade

This week on Prof G Markets, Scott breaks down the state of play in the AI wars as Microsoft and Google compete in a lightning fast hype cycle. Then Scott breaks down why institutional investors would pour more money into Bed Bath & Beyond when it’s on the brink of bankruptcy, and why he made […]
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  1. Channel: Grocery

Reuters: Kroger and Albertsons Seek Sale of Up to 300 Stores to Ease Merger Concerns

Kroger and Albertsons Companies are reportedly working on plans to sell between 250 and 300 of their combined 4,996 stores in order to alleviate U.S. antitrust concerns regarding their merger, people familiar with the matter told Reuters. The move is aimed at easing regulators’ concerns that the deal could lead to grocery price hikes during […]
2 min read
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  1. Channel: Drug

Walgreens acquires Medly Health

DEERFIELD, Ill. — Walgreens confirmed Wednesday it has purchased Medly Health, a digital pharmacy business, which could lead to the closure of all 22 Pharmaca Integrative Pharmacies. Medly Health, the Brooklyn, New York-based company, which filed for bankruptcy in December, reported it had $110 million in secured debt. On Tuesday, Walgreens’ deal to purchase the […]
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  1. Channel: Specialty & Other

Bed Bath & Beyond came very close to going out of business

Bed Bath & Beyond was on the verge of liquidating its business before it struck a deal with a hedge fund to avoid bankruptcy. Lenders to the chain were reported to be in favor of liquidating the business but were convinced to hold back when told of the human cost — 30,000 people out of […]
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  1. Channel: Specialty & Other

Bed Bath & Beyond Lines Up Funding to Avoid Bankruptcy, Closing 150 More Stores

Bed Bath & Beyond is expecting to receive more than $1 billion in equity from a stock offering it hopes will stave off bankruptcy and liquidation, reports CNBC. The beleaguered home goods retailer will receive $225 million in the offering upfront plus an additional $800 million in proceeds over time, it said. Bed Bath & Beyond also […]
2 min read
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  1. Media & Marketing

Forever 21 is opening new stores and getting noticed on TikTok

Forever 21 closed more than 200 stores after being acquired out of bankruptcy in 2020 by Authentic Brands Group, Simon Property Group and Brookfield Property Group. The retailer has since gotten its financial act in order, enabling it open new locations and promote its business. The chain can tie some of its success to its […]
< 1 min read
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  1. Channel: Specialty & Other

Bed Bath & Beyond to sell stock and tap credit line to pay bills

Bed Bath & Beyond is looking to raise over $1 billion in funds to continue operating its business through a public offering of the company’s stock and by tapping into its $100 million credit line. The retailer is looking to avoid having to pursue Chapter 11 bankruptcy with its latest moves.
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  1. Technology & Innovation

Female Founder Showcase with FindMine’s Michelle Bacharach and Grocery Shopii’s Katie Hotze

We’re back with another insightful episode recorded at last month’s NRF “Big Show.” This time our focus is on how entrepreneurs bring their ideas to market, secure venture capital funding, and fight through all the challenges to create a sustainable, remarkable business. We’re fortunate to have two great female founders join us to share their […]
3 min read
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  1. Stores & Formats

Bed Bath & Beyond closing 87 more stores

NEW YORK —Bed Bath & Beyond said today it is closing an additional 87 stores, as the retailer seeks to consolidate its assets ahead of a possible bankruptcy filing. The company confirmed the closures in a statement, adding it was also closing all Harmon health and beauty store locations. “As we work with our advisors […]
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  1. Channel: Specialty & Other

Bed Bath & Beyond Shutters Remaining Harmon Stores; Media Reports Say Search for a Buyer Stalled

Bed Bath & Beyond will reportedly shutter its 50 remaining Harmon stores in addition to 87 Bed Bath & Beyond locations and five buybuy BABY shops. Additionally, efforts to find a buyer ahead of its potential bankruptcy filing have reportedly stalled, people familiar with the matter told Bloomberg News. The store closures are in addition […]
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  1. Department: Food

Your Views:  Crouch Cushions

We took note last week of a Boston Globe story about Addie’s, a new independent pickup-only grocery store that has opened in Norwood, Massachusetts, about 20 miles south of Boston.  Addie’s goal is to open 2,000 stores in 10 years, which led me toi comment: I would suggest that McQuade check out a company called […]
2 min read
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  1. Technology & Innovation
  2. Corporate Strategy
  3. Corporate Finance
  4. Partnerships & Alt Profit
  5. Media & Marketing
  6. Agencies & Vendors
  7. Data & Insights
  8. International
  9. Shopper & Customer
  10. Technology & Innovation

aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category

AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero. Financial terms of the deal were not disclosed, other than it being all cash. The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea. […]
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  1. Partnerships & Alt Profit
  2. Partnerships & Alt Profit
  3. Shopper & Customer
  4. Technology & Innovation

Kroger lands deal for self-driving truck deliveries

Get ready because the empty truck cabs in motion are coming. Gatik, which is involved in autonomous middle-mile logistics, has announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. The operations will launch in a few weeks. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from […]
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  1. CPG: Food
  2. Channel: Grocery
  3. Department & Category
  4. Department: Beverage
  5. Department: Food
  6. Corporate Strategy
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Merchandising
  11. Owned Brands (Private Label)

Albertsons Redesigns and Expands Open Nature Own Label Line

Albertsons yesterday unveiled what it said was “the redesign of its Open Nature brand as the company strives to become the brand of choice for those health-conscious shoppers seeking a more balanced lifestyle. Open Nature, which is part of Albertsons Cos. Own Brands portfolio, provides shoppers with tasty foods made with thoughtfully chosen ingredients that […]
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  1. Stores & Formats
  2. Corporate Finance
  3. Trends & External Forces
  4. Associates & Employees
  5. Stores & Formats

Dollar General investing $100M in its stores, with a focus on boosting labor

Dive Brief: Dollar General posted net sales of $10.2 billion during the fourth quarter of 2022, a figure that was up 17.9% compared with the same period in 2021, the discount retail chain reported Thursday. Comparable-store sales rose 5.7% year-over-year in Q4, while operating profit was up 17.1%. CEO Jeff Owen said Dollar General intends to invest about […]
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