Legal

Simon Property Group Sues Gap Over Missed Rent Payments
June 4, 2020 at 8:12 pm

Simon Property Group, the biggest mall owner in the country, is suing one of its biggest tenants, Gap, saying it failed to pay more than $65.9 million in rent and other charges due during the coronavirus pandemic. The court battle highlights the mounting tension between retail landlords and their tenants, many of which stopped paying rent after the…

Understanding Text Messaging Privacy Laws
May 29, 2020 at 2:35 pm

Consumers are text obsessed, so it should come as no surprise that SMS text messaging is gaining popularity as an effective and efficient marketing medium. According to a recent report, 90 percent of consumers open, read and respond to new text messages within 30 minutes of receiving them. This gives marketers access to target audiences…

Tuesday Morning Files for Bankruptcy, to Close 230 Stores
May 27, 2020 at 6:55 pm

Discount retailer Tuesday Morning filed for Chapter 11 bankruptcy this week and plans to shutter 230 of its stores due to the coronavirus pandemic, CNBC reported. Tuesday Morning said it plans to permanently close a third of its nearly 700 stores and exit Chapter 11 in the early fall with about 450 locations. During the…

Making Chapter 11 Work
May 27, 2020 at 4:27 pm

Retail has been facing critical challenges for years: the shifting of power to the customer, the accelerated growth of digital, a surplus of square footage, and balance sheets weakened by years of private equity transactions that didn’t deliver. The industry was already poised for a Darwinian weeding out before the outbreak of COVID-19, but now…

Pier 1 Imports Plans to Shut Down Permanently After Not Finding a Buyer
May 20, 2020 at 7:05 pm

Pier 1 Imports announced this week that it's seeking bankruptcy court approval to shut down its business permanently after it wasn't able to find a buyer, CNBC reported. The home goods retailer said in a press release that it has been trying to find a buyer for months which would continue operating the business, but…

J.C. Penney Files for Bankruptcy Protection
May 17, 2020 at 4:48 pm

J.C. Penney filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale. The department store chain, known for selling family apparel, cosmetics and jewelry at 850 locations, said it reached an agreement with existing lenders for $900 million of debtor-in-possession financing to aid operations while it navigates…

Stage Stores Files for Chapter 11, Plans to Liquidate
May 12, 2020 at 6:51 pm

Stage Stores filed for Chapter 11 bankruptcy late Sunday, making it the third large retailer to do so in the past week, reports The Washington Post. The company, which operates 738 stores in 42 states under Palais Royal, Gordmans and other nameplates, said it is searching for a buyer and plans to reopen and liquidate…

Neiman Marcus Files for Bankruptcy; No Plans to Liquidate
May 7, 2020 at 4:15 pm

Neiman Marcus Group on Thursday became the first major department store chain to file for bankruptcy protection during the coronavirus pandemic. It’s a stunning fall that follows the collapse of Barneys New York late last year and comes as bankruptcy rumors persist for chains like Lord & Taylor and J.C. Penney. In a statement, the company said it received $675 million…

J.C. Penney Takes Sephora to Court Over Reopening Stores
May 5, 2020 at 7:38 pm

J.C. Penney has filed a temporary restraining order against Sephora, asking a judge to stop the makeup seller from leaving the retailer’s stores, reports CNBC. The ailing department store chain is trying to avoid a major blow to its recovery prospects from the coronavirus pandemic while in the process of reopening stores. According to Dallas Morning…

COVID-19 Resources: Legislative Updates, Leadership Strategies and Fun Stuff
April 26, 2020 at 6:58 pm

Welcome to this week's Retail Resources, a blog created to offer retailers the most relevant information and resources from the past week to help you lead during this challenging time. If there's anything you would like me to share in a future post, please let me know by dropping me a line at mcampanelli@napco.com. Legislative Updates…