Management

Nine West to File for Bankruptcy, Sell Intellectual Property
April 6, 2018 at 1:55 pm

Footwear retailer Nine West is preparing to file for bankruptcy by as early as this week, according to a report Thursday. Aside from the bankruptcy filing, the White Plains, New York, company is planning to sell its intellectual property to Authentic Brands Group, a licensing firm that recently said it would purchase clothing brand Nautica, Reuters…

Bed Bath & Beyond Offers to Buy Toys"R"Us Gift Cards for Store Credit
April 4, 2018 at 9:59 am

Bed Bath & Beyond announced that it will purchase shoppers’ Toys"R"Us and Babies"R"Us gift cards, offering store credit in return for a limited amount of time. The retailer is accepting Toys"R"Us and Babies"R"Us gift cards with a balance of at least $20 through midnight Thursday. A shopper will receive a Bed Bath & Beyond e-gift card instantly,…

Toys"R"Us Shuts Down its Websites
April 3, 2018 at 1:02 pm

Toys"R"Us has shut down its e-commerce websites for Toys"R"Us and Babies"R"Us as it continues the rapid liquidation of its U.S. operations after a failed bankruptcy restructuring. The Toys"R"Us and Babies"R"Us websites were turned off at 5 p.m. Thursday. Visitors to the sites are now being directed to a web page, goodbuytoysrus.com, which has information about the liquidation…

Winn-Dixie Operator Southeastern Grocers Files for Bankruptcy
March 28, 2018 at 12:41 pm

Southeastern Grocers LLC, the Florida-based operator of supermarket chains Winn-Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure debt. The company listed assets in the range of $1 billion to $10 billion and liabilities in the range of $1 billion to $10 billion, the Delaware bankruptcy court filing showed.…

How the Toys"R"Us Story Could Have Ended Differently
March 27, 2018 at 11:40 am

Though too much debt and the pre-holiday season bankruptcy were cited as the main reasons for Toys"R"Us’ demise, I can’t help thinking that this story could have ended differently had the company done a better job of listening to its customers. Sure, Amazon.com with its treasure of data, is a formidable rival, as it is…

New Executives Named at Jet.com, ModCloth, Tapestry
March 26, 2018 at 3:31 pm

A flurry of management changes have taken place at leading retailers recently, including Jet.com, ModCloth and Tapestry. Jet.com: Walmart's Jet.com has named Tesco veteran Simon Belsham as president of the e-commerce company, effective immediately, the company told CNBC on Monday. Belsham will be responsible for expanding Jet's online grocery business, Walmart E-Commerce CEO Marc Lore…

Whole Foods Execs Leaving As Amazon Takes Over
March 22, 2018 at 3:34 pm

Whole Foods has lost more than a dozen executives and senior managers since Amazon.com acquired it last summer, The Wall Street Journal has reported, citing former employees and recruiters helping them look for new jobs. Management departures are common when a company is bought, but one former employee told WSJ that "culturally, it's been a rough…

NRF, Large Retailers Urge Trump Against China Tariffs
March 19, 2018 at 4:11 pm

Some of the largest brands in retail today sent a letter to President Trump outlining their concerns about the detrimental impact broadly applied tariffs could have on American families. According to the letter, members and the membership teams of the National Retail Federation, Retail Industry Leaders Association, and American Apparel & Footwear Association fought long and hard…

Claire's Files for Bankruptcy
March 19, 2018 at 1:43 pm

As forecast, girl's accessories retailer Claire’s Stores announced today that it has filed for Chapter 11 bankruptcy protection in U.S. bankruptcy court in Delaware. Claire’s, which is owned by private equity firm Apollo Global Management LLC , said it plans to emerge from Chapter 11 in September with more than $150 million of liquidity and…

Retail Bankruptcies, Store Closures Beginning to Mount in 2018
March 16, 2018 at 11:22 am

In this episode of Retail Right Now, Total Retail's Joe Keenan and Caitlin Sullivan discuss the recent surge in retailers announcing store closures (Toys"R"Us, Foot Locker, Abercrombie & Fitch) and bankruptcy filings (Claire's Stores, The Walking Co.), and what this means for the future of brick-and-mortar retail.