News

Sears shares plunge on report that retailer could file for bankruptcy soon

The Washington Post | October 10, 2018 | By Rachel Siegel – Sears, the fallen iconic American retailer, has reportedly hired an advisory firm to prepare a bankruptcy filing. Read The Full Report

Winners and Losers in Retail Turnaround

Bloomberg Daybreak: Asia Radio | September 19, 2018 | Doug Krizner and Paul Allen – SCP Founder and CEO Larry Perkins spoke to Bloomberg Daybreak: Asia radio on which retailers are turning their fortunes around—and which are not. After the turmoil …

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Gump's IP Hits the Block

The Deal | August 22, 2018 | By Kirk O’Neil – Restructuring advisers agree that San Francisco retailer Gump’s is likely to attract interest from bidders seeking to purchase its intellectual property, though its lease probably will prove less attractive. …

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Lynch Joins SierraConstellation's New Boston Office

ABF Journal | July 27, 2018 – Tom Lynch joined SierraConstellation Partners (SCP) as managing director of the firm’s new Boston office. Read The Full Report

PetSmart Lenders Seek Edge After Citi Quits Loan Agent Role

Bloomberg | June 22, 2018 | By Katherine Doherty & Eliza Ronalds-Hannon – PetSmart Inc. lenders are looking to gain an edge in their dispute over the handling of Chewy.com assets by leading the choice of the next administrative agent now …

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Yes, Sears is likely to collapse, but its biggest stakeholder will be just fine

Market Watch | May 31, 2018 | By Tonya Garcia – Hedge-fund manager Eddie Lampert has led Sears Holdings since it was formed by the acquisition of Sears Roebuck & Co. by Kmart Holding Corp. in 2004. Read The Full …

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J.C. Penney shares slump roughly 7% after news of CEO Ellison’s departure for Lowe’s

Market Watch | May 22, 2018 | By Tonya Garcia – J.C. Penney, which has struggled in a tough retail environment, needs a leader with a deep understanding of marketing, according to experts. Read The Full Report

'This is all a sham': Ex-Sears executive says the CEO's new bid to revive Sears will kill off the 125-year-old retailer once and for all

Business Insider | April 23, 2018 | By Hayley Peterson – Sears CEO Eddie Lampert wants to buy Sears’ Kenmore brand, its home-improvement business, its Parts Direct division, and some or all of the company’s real estate. Read The Full …

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These investors are sticking with retailers despite the ‘apocalypse’

Market Watch | April 2, 2018 | By Tonya Garcia – Toys ‘R’ Us liquidation is only the latest reason LBOs are out of favor, but opportunities lie with disruptors. Read The Full Report

Billionaire toy mogul answers critics who say his crowdfunding campaign to save Toys R Us is a stunt

LA Times | March 28, 2018 | By Jaclyn Cosgrove – The chief executive of MGA Entertainment, the owner of Little Tikes brand, is rounding up funding to save the chain’s Woodland Hills store on March 27 promoting his campaign. Read …

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Toys ‘R’ Us’ is still facing major challenges in the liquidation process

Market Watch | March 19, 2018 | By Tonya Garcia – The toy retailer made a number of missteps pre-bankruptcy, leading to the need to liquidate, experts say. Read The Full Report

Toys R Us gift cards will expire in 30 days

Business Insider | March 15, 2018 | By Hayley Peterson – Toys R Us said Thursday that its gift cards will expire in 30 days as the company prepares to close or sell its more than 700 US stores. Read The Full Report

Apocalyptic Environment for Smaller Retailers

Bloomberg Daybreak Asia | February 20, 2018 | By Bryan Curtis and David Ingles – Bryan Curtis and David Ingles interviewed Larry Perkins on their radio show to discuss turning around distressed retailers.  Listen To Interview Here 

Toys 'R' Us Bankruptcy Spurs Battle Over Venue Shopping

The Deal | January 19, 2018 | By Stephanie Gleason – A bill is before Congress that would fundamentally change bankruptcy. It follows a dust-up over the decision by Toys ‘R’ Us to file for bankruptcy in Richmond, Va.. Read …

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Retailers are facing a brighter new year—but there’ll still be casualties

MarketWatch | January 5, 2018 | By Ciara Linnane – Sears is expected to muddle through another year, but other troubled retailers with high levels of debt will struggle. Read the Full Report 

A tsunami of store closings is about to hit the US — and it's expected to eclipse the retail carnage of 2017

Business Insider | January 1, 2018 | By Hayley Peterson – Retailers are bracing for a fresh wave of store closings in 2018 that is expected to eclipse the rash of closings that rocked the industry last year. Read the …

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Blackstone warns of internet impact on US shopping malls

Financial Times | July 16, 2017 | By Robin Wigglesworth – Blackstone, the world’s largest real estate investor, has warned that the outlook for America’s enclosed shopping malls is darkening quicker than experts expected as the growing online retail threat …

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Oil price drop puts energy companies that avoided bankruptcy in a bind, and threatens some that recently exited chapter 11.

CapitalStructure | June 30, 2017 | By Lisa Allen – Just when oil companies got comfortable with oil prices largely in the $50s over the past several months, the June dip into the $40s spurred another existential crisis. Read the …

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J. Crew has a new CEO, but that won’t fix its debt problem

Market Watch | June 7, 2017 | By Tonya Garcia – Storied retailer has more than $2 billion of debt taken on as part of a leveraged buyout. Read the Full Report 

J.C. Penney, Gymboree and J. Crew at risk -- and it’s not all Amazon’s fault

Market Watch | May 22, 2017 | By Ciara Linnane – The bloodletting in the retail sector is expected to create a wave of bankruptcies, debt restructurings and defaults in the next 12 months, and shareholders and bondholders should brace for more …

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