Bankruptcy

store with sale signs

Legal

Getting Through a Retail Bankruptcy During the Pandemic

Dozens of retailers have reorganized during the pandemic so far, and their experience has some lessons for those on the brink.

clock February 11, 2021Sindhu Sundar

Jay Schottenstein AEO

Retail

CEO Talks: Jay Schottenstein Reflects on a Lifetime in the Retail Industry

The executive chairman of the board and chief executive officer of American Eagle Outfitters discusses fashion amid the era of COVID-19, the future of retail and what he’s learned in 50-plus years as a merchant.

clock February 11, 2021Kellie Ell

Target store

Business Features

Target Is Winning the Pandemic Race

Here’s why and what other retailers can learn from the big-box giant.

clock February 2, 2021Kellie Ell

L'Occitane en Provence products.

Skin Care

L’Occitane U.S. Files for Bankruptcy With Plans to Close 23 Stores

“Like most retailers in the United States, the debtor has been impacted by the COVID-19 pandemic.”

clock January 26, 2021Allison Collins

Beauty by PopSugar launches March 11 at beautybypopsugar.com and Ulta.

Beauty Features

Beauty by PopSugar Producer Goes Out of Business

The business filed for Chapter 7 bankruptcy and plans to liquidate.

clock January 8, 2021Allison Collins

The pandemic continues to hammer the economy and hurt low-wage workers.

Retail

Retail Storefronts, Businesses Keep Closing

Thousands of retail businesses have closed in New York and California, with even those still operating closing scores of locations.

clock December 23, 2020Kali Hays

Jeckerson Spring 2017 ad campaign.

Financial

Jeckerson Declared Bankrupt, Licensee Keeps Brand Alive

The ailing brand was declared bankrupt by the court of Bologna, Italy, but its licensee C&S is committed to continue producing and distributing the brand’s apparel.

clock December 7, 2020Martino Carrera

Soma

Financial

Chico’s FAS’s Digital and Innerwear Businesses Continue to Be Company Standouts

But the retailer is still registering losses from its other brands.

clock November 24, 2020Kellie Ell

Francesca's store

Financial

Francesca’s to Close Stores, May File for Bankruptcy

Company shares fell more than 33 percent during Monday’s trading session as a result.

clock November 16, 2020Kellie Ell

Jos. A. Bank New York Flagship

Mens Retail Business

Tailored Brands’ Chapter 11 Confirmation Plan Approved

The men’s wear retailer is expected to emerge from bankruptcy before the end of the year.

clock November 13, 2020Jean E. Palmieri and Sindhu Sundar

Brookfield Place, Lower Manhattan, Manhattan

Financial

Brookfield Property Partners Continues to Log Record Losses

But the mall owner said the company will ultimately benefit from a leaner portfolio post-pandemic.

clock November 6, 2020Kellie Ell

A unit of the Rifle Jeans Store network.

Business Features

Rifle Anyone? The Bankrupt Denim Brand Seeks New Owner

The employees of the bankrupt company will be paid for 12 months through national wage compensation funds.

clock November 6, 2020Alessandra Turra

shopping center parking lot mall

Financial

Mall Operators CBL, PREIT File for Bankruptcy Protection

The pandemic and shutdowns forced the landlords to restructure with lenders in bankruptcy court.

clock November 2, 2020Evan Clark

j jill

Human Resources

Claire Spofford Named J. Jill CEO

Spofford takes the ceo reins from interim chief Jim Scully.

clock October 7, 2020Evan Clark

Photo by: STRF/STAR MAX/IPx 2020 9/22/20 Big Business in New York Ctiy.

Retail

Neiman Marcus Group Reducing Headcount in Stores and Restaurants

NMG’s ceo has notified vendors of “significant” staff reductions.

clock September 24, 2020David Moin

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