Tag: debt

May 10, 2023

The nation’s largest retailers are calling on Congress and the Biden administration to quickly hash out a deal on the national debt limit and avoid having the U.S. fall into default. “Retailers have managed their way through demand shocks, workforce […]

July 6, 2020

The list of store closings is already very long and may be much longer by the end of the year. The coronavirus COVID-19 pandemic has left many companies in horrible shape. Some have had to declare bankruptcy while others have […]

August 29, 2019

It’s been a tough year for fashion retailers. Charming Charlie filed its second bankruptcy inside of two years with plans to liquidate its store operations and put its brand property for sale, while Charlotte Russe also opted to liquidate in […]

January 25, 2019

Things Remembered may soon be forgotten. The retailer’s executive ranks have been through something of a revolving door, according to the LinkedIn pages of several employees. The company’s move last year to sell on Amazon was an attempt to chase […]

January 22, 2019

The country’s largest wedding gown retailer appears to have exited bankruptcy without a tear. During the restructuring process, executives at David’s Bridal made a conscious effort to keep customers calm and stifle perceptions that the process meant liquidation, CEO Scott […]

January 18, 2019

ESL acknowledged on Thursday in a statement emailed to Retail Dive that its more than $5.2 billion bid to keep open more than 400 stores and hold on to roughly 45,000 jobs has been accepted by Sears. But, if the […]

October 10, 2018

Guessing the month and year of a Sears bankruptcy has become something of a macabre parlor game across retail and the financial world. Few will likely be surprised by the news of any potential filing, though if it comes soon, […]

September 25, 2018

Lampert’s proposal follows a seemingly unending series of moves by the CEO to keep Sears out of bankruptcy while furthering complicating the retailer’s financial relationship with Lampert and his hedge fund. The proposal represents the most ambitious move so far […]

January 19, 2018

Sears said in January it was committed to becoming profitable again this year. Its road toward black ink, however, still looks long and uncertain. For one, it had an alarmingly terrible holiday sales season. The retailer said in January that […]