Distressed Retail

  • 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
  • An Eddie Bauer mall store entrance mimics a log cabin, with faux wooden pillars and pitched roof.
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    Daphne Howland/Retail Dive
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    Most US Eddie Bauer stores likely to close as operator preps bankruptcy

    Authentic Brands Group, which owns the brand’s intellectual property, last month shifted its e-commerce and wholesale licenses to another company.

    By • Feb. 2, 2026
  • A white storefront with black lettering again a blue sky that has a few puffy clouds.
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    Courtesy of Saks Global
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    Saks Global retreats from off price, closing most stores and all e-commerce

    Just a dozen Saks Off 5th locations will stay open, and they’ll sell only residual inventory from Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.

    By • Jan. 30, 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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    Inside Pat McGrath Cosmetics’ bankruptcy

    The Chapter 11 filings said a lender commenced the auctioning of the brand without founder and CEO Patricia McGrath’s consent.

    By • Jan. 29, 2026
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    Kendall Davis/Retail Dive
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    Podcast

    The Backroom: Saks Global and the bankruptcy that everyone saw coming

    The team chats about their recent visits to Saks Fifth Avenue’s Manhattan flagship and brings in Debtwire analysts to discuss the retailer’s Chapter 11 process.

    By Retail Dive Staff • Jan. 29, 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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    Simon Property Group flags $100M Saks Global investment in rent dispute

    The mall REIT told the bankruptcy court that the luxury department store owes more than $7 million.

    By • Jan. 28, 2026
  • A mall entrance to a store whose sign says "OFF 5th" in black lettering and a red "5."
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    "Saks Fifth Avenue Off 5th Outlet Dolphin Mall" by Phillip Pessar is licensed under CC BY 2.0
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    Saks Off 5th online is liquidating 5 years after split from brick and mortar

    In 2021 private equity investors poured $200 million into a spin-off of the off-pricer’s digital operations, but the anticipated return never materialized.

    By • Jan. 26, 2026
  • A Francesca's storefront with sales signs
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    Caroline Jansen/Retail Dive
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    Francesca’s to permanently close

    The fashion retailer is liquidating stores after alternative funding from an investor fell through and two major suppliers lost their own capital from lenders.

    By • Jan. 23, 2026
  • A massive downtown department store building.
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    "Exterior view of historic Neiman Marcus flagship store in Dallas, Texas as seen from Commerce Street." by Dfwcre8tive is licensed under CC BY 3.0
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    What Saks Global’s bankruptcy means for vendors

    Big names like Chanel and Kering are owed substantial sums and are likely to be paid well before smaller brands’ past-due invoices.

    By • Jan. 20, 2026
  • A person running down a hill wearing teal sneakers
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    Courtesy of Hilma
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    The Weekly Closeout: Hilma Running, Inkbox shut down

    The running shoe company is shuttering due to an inventory issue, while Bic is closing the semi-permanent tattoo brand nearly four years after its acquisition. 

    By Retail Dive Staff • Jan. 16, 2026
  • People walking past a city department store building.
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    Daphne Howland/Retail Dive
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    Amazon says its Saks Global investment is ‘worthless’

    The e-commerce giant’s complaints could signal a long and contentious bankruptcy process for the luxury company.

    By • Jan. 15, 2026
  • A Neiman Marcus storefront in downtown Chicago
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    Kaarin Moore/Retail Dive
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    Saks Global files for bankruptcy, shakes up leadership after a year of struggles

    Former Neiman Marcus Group chief ​​Geoffroy van Raemdonck, now CEO, is bringing on a fresh slate of executives — and has a $1.75 billion financing package to work with.

    By • Jan. 14, 2026
  • Cars parked in front of a furniture store.
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    "American Signature, Hall Road, Inc, M-59, Macomb County, Michigan, Value City" by Ajay Suresh is licensed under CC BY 2.0
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    Value City, American Signature Furniture to shutter remaining stores

    The retailer, which is closing its last 89 locations, filed for bankruptcy in November as sales plummeted and losses widened amid a soft housing sector.

    By • Jan. 12, 2026