The stories about moves made by an iconic toy seller attempting resurrection and a commercial real estate developer’s seeking to empower its retail tenants with advanced customer analytics have valuable lessons for struggling retailers seeking pathways out of distress. The recent history of Toys R...
Retail has been one of the most important industries in America for at least 100 years. In 2017, the industry generated $3.4 trillion in sales, and for 2020, the value expected of the industry is more than $3.9 trillion. Nevertheless, the industry has struggled. Just in 2019, more than 9,000 retail...
When a retailer files a Chapter 11 bankruptcy case, its suppliers face the critical decision of whether to continue shipping goods to the retail debtor post-petition. Cutting off all further shipments would limit any further loss but would also guarantee that the supplier had little to no chance of...
Throughout a retail restructuring, from the prefiling period through the winddown of the proceedings, debtors and their professionals face unique challenges that arise from the nature of retail operations and the resulting direct impact on liquidity management. Although not an exhaustive recitation...
With the surge in retailers filing for Chapter 11 over the last several years, precedents abound for the debtor-in-possession (DIP) packages put together to finance the bankruptcy cases of retail debtors. Certain patterns and common practices have begun to emerge. A review of large retail Chapter...
Last year saw over 9,300 retail store closures—more than any other year on record and a 60% increase over the roughly 5,800 closures in 2018. Whether one believes the industry is in the midst of the “retail apocalypse” or that what’s happening is merely a matter of survival of the fittest, it is a...
These are unprecedented times. In a matter of days, the coronavirus pandemic virtually shut down American society, and with it, the wheels of industry came to a standstill. There is not one industry that has not been hit with the repercussions of this virus. In fact, “hit” may be an understatement...
In our first virtual Town Hall, speakers discuss the impacts of the COVID-19 outbreak on various market segments, some of which were already facing disruption.
Watching this video confers 0.7 CEU credit for CTAs and CTPs....
In these unusual times, we are pleased to share our retail edition of the Journal of Corporate Renewal. While the global economy is experiencing a massive disruption, and no sector appears to be spared from this downturn, the retail sector’s challenges escalated to new heights. Looking at last five...
