Content about Bankruptcy

June 17, 2013
Orchard Supply files for bankruptcy; Lowe's buying assets

Orchard Supply Hardware Stores Corp. is filing for Chapter 11 bankruptcy. As part of the filing, Orchard Supply has reached an agreement for Lowe’s to purchase acquire the majority of its assets for $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners.

June 17, 2013
Orchard Supply files for bankruptcy; Lowe's buying assets

Orchard Supply Hardware Stores Corp. is filing for Chapter 11 bankruptcy. As part of the filing, Orchard Supply has reached an agreement for Lowe’s to purchase acquire the majority of its assets for $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners.

May 10, 2013
Report: Canada’s YM to buy parent company of Mandee

Big M, owner of the Mandee, Annie Sez and Afaze apparel chains, will be sold to YM Inc., Toronto, in a $22.5 million deal expected to be approved by a bankruptcy judge next week, The Record reported.

May 10, 2013
Report: Canada’s YM to buy parent company of Mandee

Big M, owner of the Mandee, Annie Sez and Afaze apparel chains, will be sold to YM Inc., Toronto, in a $22.5 million deal expected to be approved by a bankruptcy judge next week, The Record reported.

May 7, 2013
Von Maur's March

Von Maur got its start like many of its department store peers: An immigrant with an American dream opened a downtown store, customers came, they shopped, the brand took hold and took off.

In the case of the midwestern upscale department store banner Von Maur, the dreamer was German immigrant J.H.C. Petersen, who opened a downtown storefront in Davenport, Iowa, in 1872. He and his sons grew the business and sold it nearly a half-century later to a partnership that included two Austrian brothers — C.J. and Cable von Maur, whose family gained full ownership by 1937.

May 2, 2013
Von Maur's March

Von Maur got its start like many of its department store peers: An immigrant with an American dream opened a downtown store, customers came, they shopped, the brand took hold and took off.

In the case of the midwestern upscale department store banner Von Maur, the dreamer was German immigrant J.H.C. Petersen, who opened a downtown storefront in Davenport, Iowa, in 1872. He and his sons grew the business and sold it nearly a half-century later to a partnership that included two Austrian brothers -- C.J. and Cable von Maur, whose family gained full ownership by 1937.

April 4, 2013
Retail Rap: Boxing Out

Whether you are a retail analyst or a casual observer, it can be all too easy to get lost in the negativity of recent store closings and retail bankruptcies.

February 12, 2013
A&G Realty to manage Bakers Footwear liquidation

A&G Realty Partners said it has been retained by Bakers Footwear Group Inc. to handle the liquidation of its remaining 56 mall stores.

January 25, 2013
Great American Group handles Bakers Footwear liquidation

Great American Group said it has been selected to handle the liquidation of Bakers Footwear Group, offering discounts for products in 56 of Bakers Footwear Groups’ remaining stores, as well as online at Bakersshoes.com.

January 8, 2013
Owner of Mandee and Annie Sez files Chapter 11, citing impact of Superstore Sandy

Big M Inc., which operates Mandee and Annie Sez stores, has filed for Chapter 11 bankruptcy protection.

January 8, 2013
Owner of Mandee and Annie Sez files Chapter 11, citing impact of Superstore Sandy

Big M Inc., which operates Mandee and Annie Sez stores, has filed for Chapter 11 bankruptcy protection.

January 4, 2013
Actor Patrick Dempsey's group wins bid for Tully’s

TC Global Inc., which operates 47 Tully’s Coffee Shops, announced that it is a step closer to exiting from bankruptcy with the sale of its assets to Global Baristas, the investment group led by actor Patrick Dempsey, star of television’s Grey's Anatomy.

January 4, 2013
Virgin Megastore France to declare itself insolvent

A Friday report by Reuters said that Virgin Megastore’s French division will declare insolvent next week, slated to unveil a plan to file for payments suspension on Jan. 7.

December 27, 2012
Capital Investments

Ever since the financial crisis, consumer confidence has labored to regain strength, and spending has been correspondingly subpar. So it’s not surprising that retailers have been extremely reluctant to make big capital outlays. But now there are signs that consumers are loosening their purse strings and, as they do, momentum is building among retailers to renew capital spending on certain projects.

December 27, 2012
Retail’s Power Players

Some are merchants, with long careers in brick-and-mortar stores. Others are tech trailblazers, using new media to match merchandise and buyers. Others are influencing retail in less direct, but no less significant, ways. All share an ability to create new opportunities and, in their own way, are looking to reinvent the shopping experience. And all wield a great deal of influence in today’s complex retail landscape.

September 12, 2012
Piccadilly Restaurants files for bankruptcy

Cafeteria-style restaurant chain Piccadilly Restaurants filed for Chapter 11 bankruptcy protection on Friday, citing a breakdown in talks with its lender Atalaya Capital Management.

September 12, 2012
Piccadilly Restaurants files for bankruptcy

Cafeteria-style restaurant chain Piccadilly Restaurants filed for Chapter 11 bankruptcy protection on Friday, citing a breakdown in talks with its lender Atalaya Capital Management.

September 12, 2012
Ritz Camera to go out of business

Ritz Camera & Image LLC plans to go out of business after 94 years and close its remaining 137 stores after it failed in a bankruptcy auction to find a buyer to keep the camera chain afloat, the Chicago Tribune reported.

September 12, 2012
Ritz Camera to go out of business

Ritz Camera & Image LLC plans to go out of business after 94 years and close its remaining 137 stores after it failed in a bankruptcy auction to find a buyer to keep the camera chain afloat, the Chicago Tribune reported.

August 21, 2012
Mark Shale files for Chapter 11 bankruptcy protection

Chicago high-end fashion retailer Mark Shale said it has filed for reorganization bankruptcy.

August 15, 2012
Tried-and-True Anchors

Don’t let the grocery sector shake-ups fool you.

While there are individual failures, the category as a whole continues to find favor among developers that place a premium on having a traffic magnet in their shopping centers.

August 2, 2012
Daffy’s to liquidate; JEMB Realty Corp. to purchase leases

An affiliate of Manhattan-based real estate company JEMB Realty Corp. has agreed to purchase the leases and certain intellectual assets of Daffy’s Inc. for $43 million, Bloomberg reported.

July 18, 2012
Taking an Eyes-Wide-Open Approach to Managing Supply Chain Risk

By Mark Robinson, UPS Capital Corp.

July 12, 2012
Supervalu Q1 profit plunges, initiates strategic review

Grocery giant Supervalu Inc. reported for the quarter ended June 16 plummeted 45% to $41 million, compared with $74 million in the year-ago period.

June 26, 2012
Ritz Camera files for bankruptcy; to close 128 stores

Ritz Camera & Image has filed for Chapter 11 bankruptcy protection.

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