General Information: On June 1, , each of the 7 Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). The cases (collectively, the “Bankruptcy Cases”) are jointly administered under Case No. before the Honorable Brendan Linehan Shannon in the United States Bankruptcy Court for the District of Delaware. The trial court's judgment is affirmed. Cal Dive Offshore Contractors Inc. v. Bryant Houston's 14th Court of Appeals No. CV A March 5 article in Retail Dive indicated Diesel’s plans for reorganization includes relocating specific stores to locations “with a smaller footprint,” opening a Miami pop-up shop, opening new stores in strategic locations, and rebranding. Some of its locations wouldn’t pursue renewal of its leases.
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Despite its financial troubles, the instrument retailer was planning on opening new stores and managed to avoid a crisis by doing an emergency loan negotiation. In an interview with Forbes, EVP of merchandising and e-commerce Michael Amkreutz says the company is in transition but still going quite strong.
Southeastern Grocers, which also runs Bi-Lo, faces competition by big-box stores like Walmart and Target and e-commerce like Amazon. Southeastern is based in Florida but operates stores in other southern states like Alabama, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina in addition to its home state. Bloomberg reports that this includes Chapter 11 bankruptcy and selling off parts of the company.
In order to save itself, Nine West has sold off its Easy Spirit brand and closed all of its stores except for a mere The Post says declining demand for ballet flats, sandals and heels have affected its sales. They also announced that they would be closing one of their major operation centers to consolidate three locations into two. The department store noticed that their lowest-performing stores were the ones located inside or near malls. They project that by maintaining those stores and pulling out of the larger locations, they should be able to turn things around.
This company had been around for a whopping years! All good things must come to an end, however — or do they? Bon-Ton, an online retailer and department store, filed for bankruptcy in and was sold and liquidated.
It announced in October that it relaunched its e-commerce site and will open select stores. CheatSheet says they were able to be successful as they were in small towns with little competition.
Amazon changed things for them. The wedding dress superstore faces operational and market challenges; it saw sales, earnings and margins drop according to RetailDive. They might have to find a new way to make a comeback like Bon-Ton. A common cause of bankruptcy is companies not keeping up with changing consumer habits. This is the case with Tops Market according to CheatSheet. With more shoppers interested in non-traditional food retailers, falling food prices, and competition, Tops had to file for Chapter 11 bankruptcy.
Shoppers can still visit Tops, however. The company is trying to appeal to the athletic shoe brand trend by changing its image from dress shoes to sneakers. Cole Haan used to be owned by an athletic shoe company, Nike. Cole Haan had built sneaker comfort into its dress shoes. Originally when it filed for bankruptcy protection February , it was only planning to shutter 94 of its retail outlets. That number has jumped to a whopping stores across the United States. Historically, Charlotte Russe stores have been housed in malls.
As we all know, malls have been experiencing lower foot traffic. Charlotte Russe might be a victim of fewer patrons hitting the malls, changing consumer interests or both! It was a staple store in any mall where girls bought jewelry, accessories, and got their ears pierced.
CheatSheet said this indicated a bankruptcy might happen — and it did. It closed stores by May and plans to markets itself to potential buyers and investors. FullBeauty owns brands for plus-size men and women such as fullbeauty. This is definitely a common reason retailers have linked to finance problems. FullBeauty, owned by Apax Partners, included this message to its lenders in The outdoor company faced problems with debt.
Its sale to Golden State Capital in saved it from bankruptcy. Nasdaq argues the brand has struggled to keep up with trends. Wonder if Bluestem Brands will try a merger? Bluestem Brands provides apparel, appliances, electronics, health, and beauty products. Business Insider put the company on its list of at-risk companies. A press release on BusinessWire in June showed some decreasing numbers….
In this press release, Bluestem had reported its numbers. It said it had a Its adjusted net sales excluded exited businesses decreased 5. PetSmart is faring better it seems. The pet goods retailer has more than 1, stores in the U.
The root of the problems is the same as other stores. Consumers are taking advantage of e-commerce more and more due to its convenience and sometimes lower prices. PetSmart also suffered from the same problems. This was the highest ever paid for an e-commerce site says Reuters. The shoe retailer filed for Chapter 11 bankruptcy protection, laid off employees and shuttered over of its stores in Everyone needs a mattress but you might not get a new mattress from Mattress Firm anymore, however.
Mattress Firm said it planned to sell of its 3, stores with of them planned to close within days of the bankruptcy announcement. This next company we talk about also filed for Chapter 11 but earlier than Mattress Firm. It filed for Chapter 11 bankruptcy in August , saying it planned to close 74 of its more than stores in the U.
The publication goes on to say what might have caused its troubles:. National Stores has collected many brands over the years, thus likely taking on too much debt. This quite possibly dragged the entire business — all National Stores brands — down into the depths of bankruptcy.
Locations today are in open-air or stand-alone shopping centers. Next up, a company based in San Francisco also filed for Chapter 11 in August. It will get rid of lots of merchandise, however. Seems like August is the prime time for filing for Chapter 11 bankruptcy? Brookstone was another store who filed that month and planned to shut locations in the U. Brookstone is known for selling tech products and items to use at home, such as massage chairs, gadgets, and fancy pillows.
Rockport Group is a shoe company with retailers in more than 60 countries selling their products. It filed for bankruptcy in May , joining fellow bankrupt shoe makers Payless and Nine West. After filing, Rockport was sold to private-equity group Charlesbank Capital Partners, completing the sale in July Those are all very different companies. Now, add Rockport and this private equity company has quite a varied portfolio! What is up with shoes and bankruptcy? The Walking Company, makers of comfy walking shoes, filed for Chapter 11 bankruptcy March of A decade beforehand it also filed Chapter It filed for Chapter 11 bankruptcy at the beginning of in mid-January.
Its plans to overcome its financial troubles include closing almost of all of its stores in the U. Kiko has about 30 in the U. Kiko USA is having most of its troubles in the U.
To remediate its U. When it filed in January, it was trying to negotiate real estate deals on 49 of its 76 stores. About two-thirds of costs were related to leases being very high, the company said in a press release.
In its bankruptcy filing, it said it planned to liquidate all of its stores. That meant big-time clearances at its stores in the U. It planned to shut down stores as quickly as it could, Business Insider reported. The longer they remain open, the more the corporation would owe landlords. However, reports started popping up of the brand not being dead yet.
This caused publications to speculate as to whether or not it was actually gearing up for a reboot. This Italian casual restaurant chain based in Massachusetts filed for Chapter 11 bankruptcy spring It closed about 15 of its store in April, the Associated Press reports. At the time, 59 locations were open in 10 states. At the time of filing, the retailer said it planned to close all of its Gymboree and Crazy 8 stores.
A few months later in March, they made the announcement that things have changed. Janie and Jack is another children-centric brand from Gymboree, possibly well known to consumers and their tiny tots.
The denim apparel retailer filed for Chapter 11 on March 5, , says Business Insider. Combined Hearing Notice. Notice of Filing and Agenda.
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Court Docket Number List. Date Filed From. Date Filed To. Document Name. American Color Graphics Achaogen, Inc. Moss Clothing Company Ltd. Creditors' Committee Charter Communications, Inc. DDMG , et al. Deb Shops, Inc.
Creditors' Committee Filip Technologies, Inc. Keystone Consolidated Industries, Inc. Creditors' Committee Hawker Beechcraft, Inc. Liquidation, Inc. Ideal Electric Co. Harder Key Plastics Finance Corp. Creditors' Committee Nortel Networks Inc. Creditors' Committee Plover Appetizer Co. Creditors' Committee Radnor Holdings Corporation, et al.
SemGroup, L. Creditors' Committee Tintri, Inc.