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Shrink Contributed to 99 Cents’ Demise, And So Did An LBO
99 Cents' leveraged balance sheet from an LBO lowered its ability to handle shrink, rising operating costs…
Near-Bankrupt Outdoor Voices Sued for $2.5 Million By Jilted Supplier
MAS Amity Pte Ltd, a subsidiary of MAS Holdings, is taking the beleaguered brand to court over unpaid…
Outdoor Voices Bankruptcy Imminent According to Insiders
After shuttering all of its stores on Sunday, Outdoor Voices is headed for bankruptcy, employees say.
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2024 Not Expected to Be a Big Year for Retail Bankruptcies
BDO's restructuring team leader David Berliner has an optimistic outlook for fashion retail in 2024.
Renewcell Saga Proves Industry Change Won’t Happen From the Inside
The Swedish sustainable material innovator's fate illuminates the industry's continued prioritization of…
Matches Is for Sale for Second Time in Three Months
Teneo's joint administrators are looking for a buyer for the defunct Matches, and have immediately laid off…
Frasers Group Shuts Matches Two Months After Purchasing It for 52 Million Pounds
Frasers is placing London retailer Matches into administration in another blow for online luxury retail.
What Went Wrong With Renewcell?
Following the textile recycler's bankruptcy announcement, the industry reacted with shock, sadness and…
Textile Recycler Renewcell to Declare Bankruptcy
The Swedish company behind Circulose could not find additional financing as it faced slow sales of its…
Express CEO Seeks to Calm Bankruptcy Worries Following Report
Stewart Glendinning said the retailer is "proactively preserving our liquidity" as it waits for a CARES Act…
Express CEO Seeks to Calm Bankruptcy Worries Following Report
Stewart Glendinning said the retailer is "proactively preserving our liquidity" as it waits for a CARES Act…
Yellow Corp. Pays Back $850M CARES Act Loan
The less-than-truckload shipper paid back a controversial Covid-era government loan six months after filing…
Year in Review: Distress in Home Leads to Bankruptcies, Store Closings
The home sector's store closures contributed 1,228 to the retail tally in 2023, with Bed Bath & Beyond making…
Signa’s Key Retail Property Division Files for Bankruptcy
The division of Rene Benko's crumbling property empire that has stakes in Selfridges, KaDeWe and Karsdadt has…
Top 10 Stories of 2023: Beauty Develops Blemishes in 2023
While there were many ups for the industry, there were also some major downs.