bankruptcy

Neiman Marcus Gets Interim Approval For $675M In DIP Loans

Neiman Marcus Gets Interim Approval For $675M In DIP Loans
Neiman Marcus Gets Interim Approval For $675M In DIP Loans
May 11, 2020  |  Retail

In a move that reportedly allows for business continuity, Neiman Marcus Group said in a statement that it has received interim court approval for all...

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Retail’s Abysmal Week: Will Liquidation Sales Follow?
Retail’s Abysmal Week: Will Liquidation Sales Follow?
May 08, 2020  |  Retail

It was a tumultuous week for fashion retail and department stores. J.Crew and Neiman Marcus filed for bankruptcy, and we could soon see more big...

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Neiman Marcus Files For Chapter 11
Neiman Marcus Files For Chapter 11
May 07, 2020  |  Retail

Neiman Marcus has filed for bankruptcy as the “great resettling” continues for retail. The company announced Thursday morning (May 7) that it has entered into...

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Discount Retailer Tuesday Morning Mulls Possible Bankruptcy Filing
Discount Retailer Tuesday Morning Mulls Possible Bankruptcy Filing
May 07, 2020  |  Retail

With COVID-19 shuttering its retail locations, Tuesday Morning Corp. is mulling a possible bankruptcy filing. The off-price home goods merchant has had discussions with lenders...

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Nordstrom And Lord & Taylor Dampen Retail Reopening Plans
Nordstrom And Lord & Taylor Dampen Retail Reopening Plans
May 06, 2020  |  Retail

The retail reopenings underway hit a few roadblocks on Wednesday (May 6), as Nordstrom’s, L Brands and Lord & Taylor all checked in with bad...

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Norwegian Cruise Line Ponders Bankruptcy, Seeks New Investments
Norwegian Cruise Line Ponders Bankruptcy, Seeks New Investments
May 05, 2020  |  Travel Payments

Norwegian Cruise Line (NCL) is considering new funding and possible bankruptcy protection due to business losses triggered by the coronavirus pandemic. Get the Full Story...

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Gold’s Gym Files For Chapter 11 Bankruptcy
Gold’s Gym Files For Chapter 11 Bankruptcy
May 05, 2020  |  Retail

Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company...

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Lack Of Travelers Puts The Hurt On Hertz
Lack Of Travelers Puts The Hurt On Hertz
May 05, 2020  |  Retail

As if you needed more evidence that the stay at home, all digital world was shattering the “old” economy, or that online platforms have provided...

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J.Crew Won’t Be Last Retail Bankruptcy Amid Pandemic
J.Crew Won’t Be Last Retail Bankruptcy Amid Pandemic
May 04, 2020  |  Retail

J.Crew’s bankruptcy declaration on Monday (May 4) citing the devastating impact on sales by the coronavirus pandemic could be the first of a long line...

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