September 2, 2020
According to reports, J.C. Penney Company is proposing to sell itself out of bankruptcy to its lenders, after a stalemate in negotiations with other bidders, including Simon Property Group and Brookfield Property Part ... Read more
August 26, 2020
Payless ShoeSource, which emerged from Chapter 11 in January after completely winding down its North America business, announced it is now planning to reenter the U.S. market through a new e-commerce website. It is also planning to open a new prototyp ... Read more
August 19, 2020
In the Stein Mart bankruptcy case, the Debtors filed motions seeking interim authorization to close all 281 of the Company’s stores (click here to request the list). GOB sales will be conducted by a joint ... Read more
August 12, 2020
Today, Stein Mart, Inc. filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of Florida. The Company expects to close a significant portion, if not all, of its brick-and-mortar stores and it has launched a store ... Read more
August 5, 2020
On August 2, Lord & Taylor LLC filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. The proceedings have been designated as case number 20-33328. The Company’s owner, clothing rental startup Le Tote Inc., also fi ... Read more
July 29, 2020
On July 23, ascena retail group, inc. (owner of Ann Taylor, LOFT, Lane Bryant, Justice, and Lou & Grey) filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. The proceedings have been designated as ca ... Read more
July 22, 2020
Yesterday, ALDI announced the next phase of its growth plan. According to Jason Hart, CEO of ALDI U.S., the Company officially reached 2,000 stores in June with the opening of two new locations in California. Overall, ALDI expects to open more than 70 ... Read more
July 15, 2020
On July 13, RTW Retailwinds, Inc. (fka New York & Company, Inc.) filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. Documents in the case state, “The Debtors determined that commencing store closin ... Read more
July 8, 2020
In the Neiman Marcus Group LTD LLC Chapter 11 case, the Debtors filed a motion seeking to close 17 of the 27 Last Call stores (click here to request the list). Last Call is a discount offshoot of the Company’s department stores. The Debtors initi ... Read more
July 1, 2020
On June 23, GNC Holdings filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. The proceedings have been designated as case number 20-11662.
On June 24, the Company filed motions seeking authorization to:
... Read more
