Channel: Delivery Foxtrot & Dom’s Market Sudden Closure: The Broader Impact On April 23, 2024, Chicago-based premium convenience stores Foxtrot Market and Dom’s Kitchen & Market permanently and abruptly closed all 35 locations with news of a Chapter 7 filing for bankruptcy. The news sent shockwaves through Chicago and other major cities. In recent years, Foxtrot expanded to new markets in Washington, D.C., Dallas and Austin […] Mintel April 26, 2024April 26, 2024 3 min read Q CommerceConsumersDept. GroceryDept. BeveragePredictions and ForecastsEconomyTrends: ConsumerBankruptcyBrick and MortarTechnology & InnovationDeliveryDept. Adult BevTrends: RetailAssociatesMergersAI 0 Saving Bookmark this article Bookmarked
Corporate Finance Joann to exit bankruptcy ‘in the coming days’ as reorganization plan gets court OK The craft retailer expects to cut $505 million in debt and emerge from bankruptcy as a privately held company. RetailDive April 26, 2024April 26, 2024 < 1 min read Bankruptcy 0 Saving Bookmark this article Bookmarked
Corporate Finance High-end appliance retailer Pirch to liquidate in bankruptcy The company faces lawsuits from customers and vendors, including one from American Express alleging potential fraud. RetailDive April 23, 2024April 23, 2024 < 1 min read BankruptcyLegal & CriminalVendors 0 Saving Bookmark this article Bookmarked
Corporate Finance Fashion Retailer Express Files for US Bankruptcy Protection The retailer is expected to close almost 100 stores nationwide. RetailWire April 23, 2024April 23, 2024 < 1 min read Dept. ApparelBankruptcyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Rite Aid is closing another 53 stores PHILADELPHIA — Rite Aid this month announced plans to close 53 more stores, adding to the roughly 200 it has shuttered since filing for Chapter 11 bankruptcy protection late last year. Officials with the retail pharmacy chain said decisions about which stores to close are based on factors including business strategy, lease and rent considerations, […] MMR April 23, 2024April 23, 2024 < 1 min read Rite AidBrick and MortarBankruptcyHealth & WellnessDept. PharmacyStrategyShoppersResults & InvestmentDivestituresKraftHeinz 0 Saving Bookmark this article Bookmarked
Stores & Formats Express files Chapter 11, plans to close over 100 stores All of the company’s UpWest stores will shutter as the retailer pursues a sale to WHP Global, Simon Property Group and Brookfield Properties. RetailDive April 22, 2024April 22, 2024 < 1 min read Brick and MortarBankruptcy 0 Saving Bookmark this article Bookmarked
Corporate Finance Express Files for Bankruptcy, to Close Nearly 100 Stores Longtime mall retailer Express filed for Chapter 11 bankruptcy protection on Monday, however, a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it. Express, whose portfolio includes its namesake banner, Bonobos and UpWest, said it will close 95 of its eponymous shops and all of […] TotalRetail April 22, 2024April 23, 2024 2 min read BankruptcyData & InsightsBrick and MortarWalmartOperations & Supply ChainOmnichannelTechnology & InnovationStore LocationMarketing: In StoreMarketing: BrandExecutivesStrategyConsumersPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Stores & Formats Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to save the brand Longtime mall retailer Express filed for bankruptcy and plans to close nearly 100 stores as an investor group looks to save it from extinction. CNBC April 22, 2024April 22, 2024 < 1 min read Brick and MortarBankruptcy 0 Saving Bookmark this article Bookmarked
Corporate Finance Red Lobster Faces Possible Bankruptcy Amid Financial Struggles Red Lobster is contemplating filing for Chapter 11 bankruptcy due to mounting debts and financial challenges. RetailWire April 21, 2024April 21, 2024 < 1 min read BankruptcyResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Dollar Tree poised to gain most as 99 Cents Only disappears Despite the bankrupt discounter’s small footprint, its store closures offer a meaningful opportunity for rivals to grab share, analysts say. RetailDive April 18, 2024April 18, 2024 < 1 min read Dollar TreeBankruptcy 0 Saving Bookmark this article Bookmarked
Retail Ecosystem How Boisson Unlocked New Opportunities for NA Boisson was created to make it easier for consumers to discover and learn about non-alcoholic beverage brands. The company helped jumpstart the market, which is projected to have a 25% compound annual growth rate through 2028. Founder Nick Bodkins had a vision where Boisson was “the Sephora of NA,” bringing together the power of an […] Retail Remix Podcast April 15, 2024April 15, 2024 < 1 min read Technology & InnovationPodcastsPredictions and ForecastsDept. BeverageOmnichannelTrends: RetailBrick and MortarIndustry Conferences and EventsMarketing: Social MediaConsumersOperations & Supply ChainStrategyBankruptcyData & InsightsShoppersResults & InvestmentExecutivesAssociates 0 Saving Bookmark this article Bookmarked
Technology & Innovation Retail Innovation Conference & Expo 2024: The Latest News on Sessions, Speakers & Experiences Are you ready to explore the evolved customer journey? The Retail TouchPoints team is reporting on all the news breaking before, during and after the Retail Innovation Conference & Expo, taking place June 4-6, 2024, at McCormick Place in Chicago. This year, we’ll hear senior-level executives’ perspectives on how customer experiences are evolving as content, […] Retail TouchPoints April 13, 2024April 13, 2024 5 min read Technology & InnovationAIPartnershipsConsumersPredictions and ForecastsExecutivesDept. PetMarketing: Retail MediaMarketing: Social MediaTrends: RetailShoppersIndustry Conferences and EventsDept. BeverageMarketing: In StoreStrategyCustomer ExperienceOmnichannelAcquisitionOperations & Supply ChainLowesESG and CSRData & InsightsMarketing: BroadcastHome DepotMarketing: Loyalty & SubscriptionPodcastsCannabisDept. ApparelMetaverseTrends: TechCVSSustainabilityRegional GroceryBrick and MortarAlbertsons / SafewayAssociatesHealth & WellnessDept. HBCEconomyDeliveryThick DataFlagship StoresGoogleLegal & CriminalTrends: ConsumerMarketing: Direct & PersonalizationStreamingBankruptcyResults & Investmentsocial commerceTrends: MarketingDept. Fresh 0 Saving Bookmark this article Bookmarked
Stores & Formats Non-Alcoholic Brand Boisson Files for Bankruptcy Protection, Closes all Stores Boisson has filed for Chapter 11 bankruptcy protection and shuttered its eight brick-and-mortar stores, according to multiple media reports and a LinkedIn blog post by Boisson founder Nicholas Bodkins. The non-alcoholic (NA) beverage brand plans to continue operating as a wholesaler and a DTC ecommerce retailer. Boisson had taken a “neighborhood stores” approach to brick-and-mortar […] Retail TouchPoints April 9, 2024April 9, 2024 2 min read Brick and MortarBankruptcyDept. BeverageMarketing: Social MediaPartnershipsPredictions and ForecastsOperations & Supply ChainConsumersOmnichannelDept. Adult BevInternationalExecutivesResults & Investment 0 Saving Bookmark this article Bookmarked
Corporate Finance 99 Cents Only files for Chapter 11 The bankruptcy filing comes just days after the discount retailer announced plans to liquidate and close all stores. RetailDive April 9, 2024April 9, 2024 < 1 min read BankruptcyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Stores & Formats 99 Cents Only Stores Files for Bankruptcy Protection 99 Cents Only Stores announced last week that it had filed for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware, days after it said it was closing all of its 371 locations. Founded in 1982, 99 Cents Only Stores currently operates stores in California, Texas, Arizona and Nevada. Number Holdings, Inc., the parent company […] 0 Author Missing April 8, 2024April 8, 2024 2 min read Brick and MortarConsumersBankruptcyOperations & Supply ChainCOVID19TargetOwned Brands (Private Label)CompetitionDept. NonfoodEconomyDollar TreeExecutivesHoliday & EventsPredictions and ForecastsSustainabilityWalmart 0 Saving Bookmark this article Bookmarked
Media & Marketing 99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down 99 Cents Only Stores will wind down its business and shutter its 371 locations across California, Texas, Arizona and Nevada after more than 40 years in operation. The decision follows a months-long attempt to find an alternative solution, but ultimately the company decided a wind-down was the best way to “maximize the value of 99 Cents Only Stores’ assets,” the company said […] Retail TouchPoints April 6, 2024April 9, 2024 2 min read Brick and MortarBankruptcyResults & InvestmentPredictions and ForecastsCOVID19Marketing: Social MediaEconomyConsultingConsumersDollar TreeDollar GeneralExecutivesOperations & Supply ChainSustainabilityDept. NonfoodTechnology & Innovation 0 Saving Bookmark this article Bookmarked 5
Stores & Formats 99 Cents Only Stores is going out of business CITY OF COMMERCE, Calif. — The value retailer 99 Cents Only Stores LLC commenced going-out-of-business sales at all of its locations on Friday, as part of a plan to wind down its operations and close all its stores. The liquidation sale will include all 371 of the retailer’s stores, which are located in Arizona, California, […] MMR April 5, 2024April 5, 2024 < 1 min read Brick and MortarCOVID19ExecutivesSustainabilityResults & InvestmentPartnershipsOperations & Supply ChainLegal & CriminalConsumersBankruptcyAssociates 0 Saving Bookmark this article Bookmarked
Corporate Finance Shoes for Crews files for Chapter 11 bankruptcy The non-slip shoe company secured $30 million in debtor-in-possession financing and intends to sell the business. RetailDive April 4, 2024April 4, 2024 < 1 min read BankruptcyDept. Apparel 0 Saving Bookmark this article Bookmarked
Stores & Formats Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million, extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors. PREIT, which operates multiple malls and shopping centers in the eastern half […] Retail TouchPoints April 3, 2024April 3, 2024 2 min read Brick and MortarBankruptcyExecutivesMarketing: Social MediaKraftHeinzPredictions and ForecastsOperations & Supply ChainAssociatesPartnershipsGovernmentDept. ApparelCOVID19 0 Saving Bookmark this article Bookmarked
Corporate Finance Instant Pot, now a stand-alone company, appoints new leadership Under different ownership after last year’s bankruptcy, the popular multicooker is no longer part of the appliance conglomerate that owns Pyrex and Corelle. RetailDive April 2, 2024April 2, 2024 < 1 min read Bankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Drug Rite Aid Restructuring Would Cut $2 Billion in Debt, Settle Opioid Claims Rite Aid has filed a restructuring plan with the U.S. Bankruptcy Court, District of New Jersey that would cut more than $2 billion in debt and keep a large portion of the retailer’s store fleet operating. If approved, the plan would transfer ownership to the drugstore’s senior bondholders and settle certain opioid overprescribing lawsuits, according […] Retail TouchPoints April 1, 2024April 1, 2024 2 min read Rite AidPredictions and ForecastsBankruptcyMarketing: Social MediaHealth & WellnessExecutivesEconomyDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Corporate Finance Rite Aid moves forward with bankruptcy restructuring And sale efforts continue Supermarket News March 29, 2024April 24, 2024 < 1 min read Rite AidBankruptcy 0 Saving Bookmark this article Bookmarked
Media & Marketing Amazon Secures Bally Sports RSN Streaming In a bid to bounce back from bankruptcy, Diamond Sports, parent company of Bally Sports RSNs, struck a deal in January that ropes in Amazon as a minority investor. RetailWire March 29, 2024March 29, 2024 < 1 min read StreamingAmazonMarketing: Digital MediaBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Drug Rite Aid secures court approval to vote on bankruptcy restructuring plan [[“value”:”US-based drugstore chain Rite Aid has been granted approval by a US judge to commence the voting process on a bankruptcy restructuring plan, Reuters reported. The post Rite Aid secures court approval to vote on bankruptcy restructuring plan appeared first on Retail Insight Network. “]] Retail Insights Network March 29, 2024April 24, 2024 < 1 min read Rite AidBankruptcy 0 Saving Bookmark this article Bookmarked
Media & Marketing David’s Bridal Looks Beyond Dresses in New Partnership with PersonalizationMall David’s Bridal has teamed up with PersonalizationMall.com to offer customers access to thousands of customizable items to make their special day even more special, including monogrammed gear, wedding day essentials and keepsakes. “The bride’s special day, and the festivities leading up to it, is all about her, and her experience should be personalized to reflect that,” said […] Retail TouchPoints March 22, 2024March 22, 2024 2 min read Marketing: Direct & PersonalizationShoppersDept. ApparelExecutivesBrick and MortarPartnershipsMarketing: Social MediaStrategyResults & InvestmentMergersBankruptcyOperations & Supply ChainAssociatesDept. NonfoodPredictions and ForecastsDeliveryTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Stores & Formats What’s in Store for 2024: Which Retailers Are Branching Out (and Why Some Are Going Away) 2024 looks to be another year of growth for retail, with more than a dozen retail chains already announcing plans for expansion this year. I always love to see headlines about retailers opening new stores. It shows that retail businesses are healthy enough to invest in expanding their physical store footprints. And as a long […] Demos Parneros March 19, 2024March 19, 2024 2 min read Brick and MortarPredictions and ForecastsBankruptcyDept. NonfoodFlagship StoresDept. Toys & GamesStreamingRestaurantsHoliday & EventsDept. Sporting goodsResults & InvestmentStrategyBed Bath & BeyondDollar General 0 Saving Bookmark this article Bookmarked
Corporate Finance Fabric and Craft Retailer Joann Files for Bankruptcy Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending. In a statement released on Monday, the Ohio-based company said it filed for Chapter 11 bankruptcy protection and has secured $132 million in funding with most of its financial stakeholders that helps reduce its […] Melissa Campanelli March 19, 2024March 19, 2024 2 min read Data & InsightsBankruptcyShoppersResults & InvestmentCustomer ExperiencePredictions and ForecastsVendorsBrick and MortarCOVID19EconomyOperations & Supply ChainExecutivesAssociates 0 Saving Bookmark this article Bookmarked
Corporate Finance Joann Enters Structured Bankruptcy; Stores and Site to Remain Operational As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and other parties that includes commitments for approximately $132 million in new financing. The 800+-store crafts retailer has initiated voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of […] Retail TouchPoints March 18, 2024March 18, 2024 2 min read BankruptcyBrick and MortarPredictions and ForecastsResults & InvestmentMarketing: Social MediaDept. NonfoodExecutivesVendorsShoppersOperations & Supply ChainAssociates 0 Saving Bookmark this article Bookmarked
Corporate Finance Joann files for Chapter 11 with a plan to cut $500M in debt Thanks to an agreement with lenders, stores will be open and vendors paid throughout the bankruptcy process, which could be completed next month. RetailDive March 18, 2024March 18, 2024 < 1 min read BankruptcyVendorsBrick and Mortar 0 Saving Bookmark this article Bookmarked
Corporate Finance The Body Shop’s US operation forced into liquidation as UK parent takes its cash The U.S. subsidiary ceased operating as of March 1 and told a bankruptcy court it didn’t get advance notice of its British owner’s restructuring. RetailDive March 13, 2024March 13, 2024 < 1 min read International - UKBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Mass Channel: Mass Department: Consumer Durables Department: Nonfood Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Merchandising Operations & Supply Chain Target’s April 2024 Circle Sale was its largest by sales lift Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […] Written by Earnest Research April 25, 2024April 25, 2024 Saving Bookmark this article Bookmarked
Department: Consumer Durables Media & Marketing Data & Insights Shopper & Customer Trends & External Forces Stores & Formats TikTok Shop customers spend more at lower ticket apparel retailers Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […] Written by Earnest Research April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Trends & External Forces Corporate Finance Corporate Purpose ESG Media & Marketing Data & Insights Technology & Innovation Trends & External Forces Associates & Employees Where Does One U.S. Tax Dollar Go? See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […] Written by Visual Capitalist April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Technology & Innovation Technology & Innovation AI boosts innovation in ingredient selection, formulation AI could minimize the traditional trial-and-error approach in product development. Written by Supermarket Perimeter April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Media & Marketing Data & Insights Trends & External Forces Google Won’t Pull Cookies In 2024 Google announces it’s delaying its self-imposed deadline to deprecate third-party cookies on Chrome for the third time. The post Google Won’t Pull Cookies In 2024 appeared first on AdExchanger. Written by AdExchanger April 23, 2024April 24, 2024 Saving Bookmark this article Bookmarked