Bankruptcy

Articles on bankruptcy in the retail industry.

  1. Channel: Ecommerce & Digital

Amazon Aggregator and Former ‘Unicorn’ Thrasio Files for Bankruptcy

Thrasio, one of the highest-profile Amazon “rollup” firms — so-called because they acquire Amazon third-party sellers en masse and roll them up into a larger entity to consolidate operations (and ideally scale profitability) — has filed for bankruptcy in an effort to “strengthen its financial position.” Thrasio said it will continue normal business operations for […]
2 min read
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  1. Stores & Formats

Party City Debuts Store Format Spotlighting Balloons and Birthdays

Party City will accelerate remodels to expand a new store format that features a dedicated service area for the retailer’s extensive balloon assortment along with “birthday worlds,” designed to be one-stop shops for both kids’ and adults’ celebrations. The retailer, which emerged from bankruptcy in October 2023 with a fleet of more than 750 stores, […]
2 min read
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  1. Data & Insights

Exclusive: How Daniel’s Jewelers is Using Vision AI to Better Serve its Customers

In the more than 70 years since Joseph Sherwood bought a bankrupt jewelry store in Bell Gardens, Calif., much has changed in the world, and in retail. That post-WWII period in the Western U.S. was marked by the Dust Bowl Exodus, now a distant memory for most. Since then, the demographic makeup of California has […]
7 min read
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  1. Shopper & Customer

Beyond Accelerates Overstock Resurrection Following ‘Fatal’ Branding Mistake

Beyond, Inc., owner of online retail brands Bed Bath & Beyond (BB&B) and Overstock, will bring back a standalone Overstock.com site in approximately five weeks rather than the September 2024 target date announced earlier. Beyond rechristened its Overstock site with the Bed Bath & Beyond name in June 2023 after it acquired the bankrupt retailer’s […]
2 min read
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  1. Corporate Strategy

Beyond Inc. Names New CEOs for Bed Bath & Beyond, Overstock

Beyond Inc., parent company to Overstock.com, Bed Bath & Beyond, and other online brands, announced Tuesday three leadership changes, including two new CEOs. Chandra Holt, formerly the CEO and president of Conn’s Home Plus, will become the new CEO of Bed Bath & Beyond effective Wednesday. Dave Nielsen, who until now was serving as president […]
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  1. Corporate Strategy

Bed Bath & Beyond, Overstock Get New CEOs

Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has appointed new CEOs for both brands, and also named Camping World CEO and TV personality Marcus Lemonis as Executive Chairman of its board of directors. The appointments follow the abrupt departure of former Beyond CEO Jonathan Johnson in November 2023. Johnson […]
3 min read
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  1. Acquisitions, Divestitures & Mergers

Guess?, WHP Global Team Up to Buy Rag & Bone

Guess? has partnered with the global brand management firm WHP Global — which owns the Toys ‘R’ Us and Babies ‘R’ Us brands as well as a stake in Express — to acquire the New York-based fashion brand Rag & Bone. The deal is expected to close during Q1 of the Guess? 2025 fiscal year, […]
3 min read
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  1. Media & Marketing

Claire’s Continues Lifestyle Push with Plans for Branded Products

Claire’s evolution from retailer to lifestyle brand continues with the appointment of IMG as its global licensing partner to create a range of Claire’s-branded products. Under the multi-year agreement, IMG will bring to market complementary products that support Claire’s brand purpose of inspiring self-expression and individuality, in categories including apparel, fashion accessories and room décor […]
< 1 min read
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  1. Trends & External Forces

Worth Reading:  Out Of Body Experience

The BBC has a good story about what went wrong at The Body Shop, a trailblazing retailer in the eighties that recently  has been placed in administration, which is like filing for bankruptcy. An excerpt: “The Body Shop of today is facing a crisis. Its new owner – the third in seven years – has […]
< 1 min read
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  1. Partnerships & Alt Profit

Express Launches Debt Restructuring Effort in Bid to Avoid Bankruptcy

Amid declining sales, apparel retailer Express has hired restructuring adviser M3 and law firm Kirkland & Ellis to help restructure nearly $280 million of debt, according to the Wall Street Journal, which cited people with knowledge of the matter. If the company is unable to successfully restructure its debt, a bankruptcy filing could be imminent. Express’ […]
2 min read
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  1. International

The Body Shop UK Enters Administration

The UK arm of the The Body Shop has entered administration, the British version of bankruptcy protection, according to Reuters and other media reports, but it will continue to operate online and via its 199 UK brick-and-mortar stores for the time being. Private equity firm Aurelius Group purchased the retailer from Natura &Co in November […]
< 1 min read
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  1. Operations & Supply Chain

Reimagining the Fate of Returns With Reverse Logistics Experts

Modern consumers clearly value lenient, streamlined and cheap — if not free — return policies. At the same time, the cost of processing these returns has never been higher. To further complicate matters, a given retailer’s biggest returners are often some of their best customers. A majority of shoppers surveyed said they make the most […]
4 min read
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  1. Stores & Formats

Iconic US Department Store Chain Faces Multiple Challenges

The New York Times has a piece about Tony Spring, most recently the CEO of Bloomingdale’s and the incoming CEO of its sister company, Macy’s, and all the challenges he faces.  While Spring was successful at Bloomingdale’s, “bringing in hundreds of brands and emphasizing more appealing displays of merchandise and a creative marketing strategy,” the […]
2 min read
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  1. Operations & Supply Chain

Shuttered Zulily Taps Gordon Brothers to Handle Sale of Inventory and Fulfillment Center Assets

Zulily Group has engaged the advisory firm Gordon Brothers to sell off more than $85 million of inventory and the assets of its two fulfillment centers following the online retailer’s decision late last year to shut down. Screenshot of the Zulily website from December 2023 highlighting the going-out-of-business sale. News of the wind-down first broke […]
2 min read
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  1. Channel: Grocery

SEG completes sale of Fresco y Más

JACKSONVILLE, Fla. — Southeastern Grocers  said it has completed the divestiture of its Fresco y Más operations via a sale of the banner to an investment group, which plans to maintain existing operations at the locations. SEG last year announced plans to sell the chain to Fresco Retail Group LLC as part of its ongoing […]
2 min read
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  1. Shopper & Customer

How Crocs and Claire’s Became Cool Again

Anyone in retail knows that brands sometimes have to reinvent themselves in order to remain relevant and — for lack of a better word — “cool” to consumers. At the National Retail Federation’s Big Show last week, executives from two well-known brands, Claire’s and Crocs, shared how their companies overcame setbacks and charted a new […]
3 min read
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  1. Stores & Formats

All Showfields stores will close for good on Saturday

​[[“value”:” Dive Brief The company, now in bankruptcy, has showcased DTC brands, which until recently have largely avoided wholesale partnerships or physical retail. Published Jan. 12, 2024 The Showfields store in Miami, which closed down in July 2023. Weeks later the company also shuttered a location in Manhattan. Permission granted by Showfields “]] 
< 1 min read
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Kroger considers Disney+ perk for grocery delivery members

​US retail giant Kroger is reportedly in talks with the Walt Disney Company to offer the Disney+ streaming service as a benefit to paying members of its Kroger Boost grocery delivery programme. The post Kroger considers Disney+ perk for grocery delivery members appeared first on Retail Insight Network.
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Sam’s Club Expands Store Rollout of AI-Powered Exit Tech

Walmart-owned Sam’s Club says it’s turning to artificial intelligence to speed up its own exit technology. Instead of requiring store staff to check members’ purchases against their receipts when leaving the store, Sam’s Club customers who pay either at a register or through the Scan & Go mobile app can now walk out of the […]
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