Distressed Retail

  • People walking past a department store.
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    Daphne Howland/Retail Dive
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    Saks Global expects to exit bankruptcy in June with $1.2B in debt

    The luxury retail conglomerate said it would be profitable in three years and that, starting next fiscal year, revenue growth would average 7% annually.

    By • May 4, 2026
  • A Saks store in Chicago.
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    Kaarin Moore/Retail Dive
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    Saks Global slashes 16% of its corporate workforce

    The latest round of downsizing comes amid the luxury retailer’s bankruptcy and leaves it to focus resources “toward critical capabilities that will drive profitable, sustainable growth,” a spokesperson said Thursday.

    By • May 1, 2026
  • A tree with yellow leaves in front of a department store with massive holiday decorations.
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    Daphne Howland/Retail Dive
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    Bankruptcy court, citing Saks Global’s merchandising woes, approves $500M in exit financing

    Judge Alfredo Pérez on Friday approved the plan, paving the way for the luxury retailer to start fresh with vendors — and customers.

    By • April 27, 2026
  • Retail rendering of a pop up store in partnership with Google
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    Courtesy of Pat McGrath Labs
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    Column

    The Weekly Closeout: Pat McGrath Labs exits bankruptcy, GameStop bets on ‘retro’

    The cosmetics company forged a deal with GDA Luma, while the gaming retailer is expanding its assortment of older products nationwide.

    By Retail Dive Staff • April 24, 2026
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    Dimitrios Kambouris/Getty Images for Global Lyme Alliance via Getty Images
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    Richard Baker claps back, moves to quash subpoena in Saks Global bankruptcy case

    The retailer’s former executive chairman said he’s been locked out of his company email and doesn’t have all the details a group of creditors is seeking.

    By • April 20, 2026
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    Courtesy of Allbirds
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    Why Allbirds is eating crow

    The DTC footwear brand may have overestimated its customers’ appreciation for sustainability, and underappreciated their desire for fashion.

    By • April 20, 2026
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    Filings from QVC Group in the U.S. Bankruptcy Court for the Southern District of Texas

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    QVC Group follows through on bankruptcy, readies itself for a new live-shopping era

    The Chapter 11 process applies only to U.S. entities and will be swift, as the company has a plan to drastically reduce its $6.6 billion debt.

    By • April 17, 2026
  • A person goes live on TikTok for QVC Group
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    Courtesy of QVC Group
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    QVC Group preps bankruptcy filing

    The television shopping network is buckling under billions in debt as losses pile up.

    By • April 16, 2026
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    Ilya S. Savenok via Getty Images
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    Richard Baker subpoenaed for communications with ex-Saks Global CEO Marc Metrick

    A committee of unsecured creditors says the Saks Global executive chairman has rebuffed requests for information as part of the luxury retailer’s bankruptcy.

    By • April 10, 2026
  • Exterior shot of The Container Store.
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    Courtesy of The Container Store
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    Bed Bath & Beyond agrees to acquire The Container Store for $150M

    Stores will rebrand as “The Container Store / Bed Bath and Beyond” and the Elfa and Closet Works units will anchor a home services division.

    By • April 2, 2026
  • A Saks store in Chicago.
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    Kaarin Moore/Retail Dive
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    Saks Global snags $500M in financing, expects to exit bankruptcy this summer

    The luxury department store retailer has boosted inventory receipts, with more than 650 brands shipping merchandise, up from 500 a month ago.

    By • April 2, 2026
  • People walking past a city department store building.
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    Daphne Howland/Retail Dive
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    Saks Global snags final $300M in bankruptcy financing, nears home stretch

    An ad hoc group of senior secured bondholders has approved the luxury retailer’s five-year plan, aiming for double-digit adjusted EBITDA margin and profitable growth.

    By • March 17, 2026
  • Three large beds in a light-filled room.
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    Courtesy of Sleep Number
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    Sleep Number issues going concern warning, says bankruptcy is possible

    The mattress maker’s turnaround has been slow, mired in debt and liquidity issues, but is picking up speed under new leadership.

    By • March 13, 2026
  • A department store entrance.
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    Courtesy of Saks Global
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    Saks Global announces 15 more store closures, expands vendor base to 500

    Three Neiman Marcus and 12 Saks Fifth Avenue locations will shutter. The luxury company, which is in bankruptcy court, said its fleet is likely now set.

    By • March 9, 2026
  • People walking into an Eddie Bauer that is going out of business.
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    Daphne Howland/Retail Dive
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    All Eddie Bauer stores to close after failure to find a buyer

    The entity running the brand’s locations, which licenses the intellectual property from Authentic Brands Group, filed for bankruptcy last month.

    By • March 6, 2026
  • People walking past a department store.
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    Daphne Howland/Retail Dive
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    Saks Global says nearly 400 vendors have resumed shipments

    The company said it has resolved most objections to its bankruptcy financing, but some suppliers remain wary.

    By • Feb. 26, 2026
  • People walking around an open-air mall.
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    "Woodbury Common Premium Outlets" by llee_wu is licensed under CC BY-ND 2.0
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    Saks Global faces more rent disputes amid bankruptcy

    A group of mall landlords says as much as $19 million in unpaid rent piled up in the two weeks after the luxury department store's Chapter 11 filing.

    By • Feb. 18, 2026
  • Retail rendering of a pop up store in partnership with Google
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    Courtesy of Pat McGrath Labs
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    Pat McGrath Labs secures $30M financing

    The fresh capital comes from an existing lender. Meanwhile, founder Patricia McGrath will become chief creative officer as part of a Chapter 11 restructuring deal.

    By • Feb. 17, 2026
  • People walking past a clothing store. A tree in front of the main entrance.
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    Daphne Howland/Retail Dive
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    As 2026 kicks off, these retailers are vulnerable to bankruptcy

    As the industry enters another year marked by tariffs and falling consumer sentiment, retailers including J. Crew and Guitar Center face risks.

    By • Feb. 17, 2026
  • A Francesca's storefront with sales signs
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    Caroline Jansen/Retail Dive
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    Altar’d State owner bids $7M on Francesca’s IP

    Stand Out For Good, which operates the faith-based retailer, has emerged as the stalking horse bidder in Francesca's latest Chapter 11 case.

    By • Feb. 11, 2026
  • A department store mall entrance.
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    Skip Bolen/WireImage for Saks Fifth Avenue via Getty Images
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    Saks Global to shutter 9 full-line stores

    Saks Fifth Avenue is taking the brunt of the plans, with eight stores on the list. The company told a bankruptcy court further closures may be necessary.

    By • Feb. 10, 2026
  • A Toys R Us Canada location
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    Courtesy of Toys R Us Canada
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    Toys R Us Canada files for creditor protection

    The company is evaluating strategic alternatives and reducing its retail footprint as part of a restructuring process. 

    By • Feb. 10, 2026
  • A Francesca's storefront with sales signs
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    Caroline Jansen/Retail Dive
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    Francesca’s files for bankruptcy, again

    The retailer, which previously filed for Chapter 11 bankruptcy about six years ago under a different owner, has about $30 million in secured debt.

    By • Feb. 9, 2026
  • A storefront with awnings and bright blue skies above.
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    "Eddie Bauer" by Mike Mozart is licensed under CC BY 2.0
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    Eddie Bauer files for bankruptcy, begins winding down all stores in the US and Canada

    Going-out-of-business sales have begun and, unless the brick-and-mortar operations find a buyer, all 175 locations will close by April 30, per court filings.

    By • Feb. 9, 2026
  • A Saks store in Chicago.
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    Kaarin Moore/Retail Dive
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    Who controls Saks Global’s IP?

    Authentic Brands Group now owns 77% of the entity that controls a perpetual master license to Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.

    By • Feb. 4, 2026