It’s one of those retailers that also blames e-commerce giant Amazon for its troubling sales. Tour operator Tui is to shut 166 high street stores in the UK and the Republic of Ireland in the face of the downturn in travel caused by the coronavirus pandemic. Pier 1 might have to figure out new strategies, but we hope it’s not similar to Lands’ End’s efforts. On the face they might look fine — the clerks still have smiling faces when you walk in and the clothing is still folded neatly on the shelves. It did announce $23.4 million net loss for the year, but said it shrunk its loss size to about 10 percent. In an interview with Forbes, EVP of merchandising and e-commerce Michael Amkreutz says the company is in transition but still going quite strong. In December, that number was far fewer. In late July, the company said it would shut 166 High Street stores in the UK and Ireland. Canadian company Hudson’s Bay considered buying the luxury retailer Neiman Marcus. Mattress Firm said it planned to sell 700 of its 3,500 stores with 200 of them planned to close within days of the bankruptcy announcement. It has been a tough period for the sector and for Tui. This company had been around for a whopping 100 years! As a subscriber, you are shown 80% less display advertising when reading our articles. Lowe’s reported it will be closing locations including 26 Ronas, 6 Lowe’s, and 2 Reno-Depots between January and February of 2020. Lands’ End’s association with Sears caused its original troubles according to CheatSheet. Business Insider put the company on its list of at-risk companies. FullBeauty, owned by Apax Partners, included this message to its lenders in 2017. This next company we talk about also filed for Chapter 11 but earlier than Mattress Firm. To salvage the brand, it’ll shutter 25 percent of its Dress Barn stores by 2019, says website RetailDive. When it couldn’t find a buyer, CNBC reported, it filed for Chapter 11 bankruptcy in August 2018. Tops Market might benefit from observing customers’ preference for e-commerce. It blames its bankruptcy upon self-imposed problems — a common bankruptcy cause. Marvin Ellison left his post as board chairman in May 2018 to lead Lowe’s. Winn-Dixie grocery chain isn’t winning… Its operator, Southeastern Grocers, filed for Chapter 11 bankruptcy protection to restructure its debt. Unlike many of this list, looks like A’gaci will have a happy ending. To clarify Innovative Mattress Solutions’ bankruptcy, another retailer named Mattress Warehouse put out a press release on January 15, 2019. It has not been revealed which branches will close. Affected agents will be re-deployed. Hopefully, Things Remembered doesn’t become things forgotten! Its CEO Gerry Smith announced Office Depot would be making a shift from mostly retail sales to also include services. Fred’s tried to pursue 1,000 stores, increasing from 600, but plans didn’t quite work out. Also… The Washington Post reports Nine West Holdings will be shifting its focus from shoes to its jewelry and clothing lines (some include Anne Klein, Kasper Grouper, One Jeanswear Group). Despite closing down hundreds of stores, Payless has a lot of stores to manage as well while getting back on its feet — 3,500 in fact! Some of the businesses that have made this list might surprise you! Janie and Jack is another children-centric brand from Gymboree, possibly well known to consumers and their tiny tots. Use my current location. CheatSheet says the shoe retailer is $1.5 billion in debt and in negotiations to restructure its debt. They might have to find a new way to make a comeback like Bon-Ton. The film company was able to find a buyer in May 2018 — Lantern Capital Partners, a Dallas-based private equity firm. Canvas hoped to feature clothing in “designer styles to relaxed looks.” The brand, although trendy, wasn’t able to get its core clientele onboard. The stores list has not yet been confirmed. Actresses Rose McGowan and Ashley Judd were some of the women to come forward and accuse the film executive. More defaults and bankruptcies are expected to come, says a report from S&P Global Ratings, with retail liquidations speeding up. To remediate its U.S. troubles, Kiko USA has tried to negotiate with landlords to lower rent and terminate leases. Sources told the WSJ that the companies were in talks in March. This caused publications to speculate as to whether or not it was actually gearing up for a reboot. Keep an eye out for liquidation sales — you could find items up to 50% off. You can find your nearest shop, including all … The fashion retailer’s sales began to suffer after its creative director, Neda Mashouf, left after divorcing her husband in 2007. It had many other changes to its executive makeup including its CEO. Other claims cite mesothelioma brought on by asbestos in the talc powder that Imerys makes, says Bloomberg. Forbes said Bebe had 180 stores at the end of 2016. Thomson tour holiday operator TUI Travel has announced plans to close 100 of its UK-based travel stores. The UK’s biggest tour operator, Tui, is to shut 166 stores in the UK and Ireland and shift hundreds of affected staff to a home working operation, as … This Italian casual restaurant chain based in Massachusetts filed for Chapter 11 bankruptcy spring 2018. The equity firm doesn’t have any Hollywood experience but its portfolio includes auto dealerships and a zinc recycling company. Tui has confirmed it will close 34 stores over the next 12 months. The UK’s biggest … Tui is to close 166 high street stores in the UK and the Republic of Ireland, the tour operator has announced. To add salt to the wound, S&P Global downgraded David’s Bridal credit rating in June 2018. RetailDive says JC Penney investors are growing impatient with the slow progress. Destination Maternity is huge in the maternity apparel industry with more than 1,000 stores according to RetailDive. Travel company Tui announced on Thursday 30 July that they would be closing 166 of their stores in the UK and Ireland. Retail bankruptcies hit an all-time high in the first quarter of 2018, even more than last year according to Business Insider. Now, add Rockport and this private equity company has quite a varied portfolio! Seems like August 2018 is the prime time for filing for Chapter 11 bankruptcy? RetailDive also attributes declining mall popularity and other retail challenges as negatively affecting Bebe. These closures are in addition to the 51 U.S. and Canada locations that they announced an end-date for back in November 2018. The longer they remain open, the more the corporation would owe landlords. However, the stock exchange says that it’s no longer concerned about Eddie Bauer — the outdoors retailer is exploring a merger with Pacific Sunwear of California. PetSmart also suffered from the same problems. In May 2018, the 70-year-old pharmacy said its top-line sales for the past fiscal year fell 4.3 percent and its net loss was at $139.3 million. The company is trying to appeal to the athletic shoe brand trend by changing its image from dress shoes to sneakers. The company filed for Chapter 11 bankruptcy protection on October 5, 2018, CNBC reported. Fred’s CFO then left February 2018, putting a former media exec in as their replacement. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Crew raised prices and underwent expansion during years when consumers became more and more thrifty. Will bonuses for its employees help its bankruptcy issue somehow…? “Although we still have work to do, I am confident we are on the right path to build a better Lowe’s and generate long-term profitable growth,” Marvin R. Ellison, Lowe’s president and CEO said. 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