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October 18, 2023
RITE AID CORPORATION, DIP filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey. The proceedings have been desi ... Read more
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October 11, 2023
MACYS announced plans to open up to 30 new Macys small-format locations across the country, beginning in 2024 through fall 2025. This exp ... Read more
The weeks top stories...Blue Apron and Chicos are acquired, Toys R Us is coming back, and Target and Dicks close stores
October 4, 2023
TOYS R US plans to open new stores in the U.S., "marking a return to dedicated bricks-and-mortar locations," following its bankruptcy in 2017. Parent comp ... Read more
September 27, 2023
RITE AID is negotiating with creditors over the terms of a bankruptcy plan that would include closing a substantial portion of its more than 2,200 drugstores, according to sources. The Company and bondholders are in discussions over the number of stores to be closed. Rit ... Read more
September 20, 2023
INSTACART begins trading today on the Nasdaq under the symbol "CART." Last week the Company submitted an updated filing for its proposed IPO, setting an offer price of $28 to $30 per share (up from $26 to $28 initially reported). The Company plans to issue 22 millio ... Read more
September 13, 2023
KROGER and ALBERTSONS announced that they have entered into an agreement with C&S WHOLESALE GROCERS for the sale of 413 stores, banners, distribution centers, offices and private label brands in connection with their proposed merger previously announc ... Read more
September 6, 2023
J.C. PENNEY plans to spend more than $1 billion by the end of 2025 to remodel its stores, upgrade its online shopping capabilities, and improve its supply chain network. This amount would annually average about 35% above the $246 million the Company spent on Capex in FY22 ... Read more
August 30, 2023
RITE AID has reportedly hired Guggenheim Securities and Alvarez & Marsal as financial advisors, while Kirkland & Ellis was retained as its restructuring counsel. Last week, reports indicate that Rite Aid is preparing to file for bankruptcy in the coming weeks, according to ... Read more
August 23, 2023
SOUTHEASTERN GROCERS (SEG), parent company of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, announced on August 16 that it entered into definitive agreements with ALDI and Fresco Retail Group, LLC to effectuate a comprehensive strategic d ... Read more
August 16, 2023
In the CHRISTMAS TREE SHOPS, DIP case, the Companys remaining 49 stores were set to close on August 12, according to the Companys website. As of the petition date, the Debtors operated 82 stores in 20 states.
Click here to request the list of final closings.
T ... Read more
