Party City Holdco Inc. announced a replacement for Ryan Vero, president of its Retail Group, the day after he was tapped as CEO of tween/teen jewelry and accessories retailer Claire’s Stores.
More of the retailers that filed for bankruptcy in the first half of 2018 did so seeking a reorganization with store closings than those that did so in 2017.
When you can’t win playing by the rules, it’s time to change the rules. In the case of debt ridden publicly held retailers, innovation is one of the most effective “rule changers” available.