Tag: Chapter 11

January 6, 2021

It is almost Monday, January 11 when all bills must be paid. Especially toy bills. It seems that several retailers may either need an extension to pay bills or seek protection from the courts under Chapter 11. In past blogs, […]

October 21, 2020

More than a month has passed since Penney first announced a deal in principle to sell its operations to Brookfield and Simon. In other kinds of court cases, that may be a miniscule increment of time. In a retail bankruptcy, […]

May 4, 2020

Preppy retailer J.Crew filed for Chapter 11 bankruptcy protection Monday morning, according to multiple reports, becoming the first major retailer to do so amid the coronavirus pandemic, which forced businesses to shut their doors out of safety—and all but eliminated […]

February 12, 2020

The list of stakeholders who objected ahead of Tuesday’s hearing ran into the dozens. Landlords and suppliers alike are concerned they will lose millions as Forever 21 sells to the buyer group for $81 million, a relatively paltry price for […]

October 2, 2019

Forever 21’s Chapter 11 filing is the latest reminder that the economic climate for many sectors of retail is still brutal. So far this year there have been more than 7,000 store closures — more than any full-year total to […]

September 13, 2019

The famed “retail apocalypse” of 2016 and 2017 never really ended. Hyperbolic as the term may have been, it described a very real period of structural change and consolidation in the industry that continues today. The drumbeat of retail Chapter […]

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 […]

February 6, 2019

A bankruptcy filing from one of the most iconic U.S. retailers was bound to be unique. But the series of events that have played out over the last several months have resulted in polarizing perceptions of what the future holds […]