Distribution Is Bedrock of Success for Online Retailers
E-commerce has become a disruptive force in both the retail and distribution sectors. It has significantly impacted consumer buying habits as well as distribution networks and technology platforms. For the consumer, most of these disruptions have been positive. E-commerce was made possible in 1991...
Is the Distribution Sector Prepared for Digital Disruption?
The story has been told over and over regarding the negative impact of e-commerce on brick-and-mortar retail and continuing declines in that sector, so much so that the term “retail apocalypse” has lost some of its cataclysmic meaning and significance. Still, upward of 6,000 retail stores were...
Chapter spotlight
The view of the twinkling lights of Manhattan at dusk from a 35th floor conference center on Park Avenue is awe-inspiring. I still remember the first time I experienced similar views from the top of Manhattan. As a young man just out of college, it gave me a sense that I was on my way. I found it...
Like Vladimir and Estragon in Samuel Beckett’s famous play “Waiting for Godot,” distressed investors have spent a substantial amount of time awaiting the arrival of their own mysterious figure: the next distressed cycle. Over the past decade, this elusive Godot has failed to materialize, despite...
Store closures in the first six months of 2019 exceeded the number of brick-and-mortar stores that closed in all of 2018. In this “retail apocalypse,” overleveraged retailers often struggle to salvage a going concern reorganization or sale. As consumers continue to shift their purchases from brick-...
In a world where technology is constantly and rapidly changing and companies’ technology budgets are rising, it is as critical as ever for companies to be vigilant in their review of their technology contracts. As technology costs represent 2% to 7% of a company’s revenue, according to a 2016-17...
When restructuring a business is necessary, the company and its professionals evaluate options and look for the best and most efficient path forward. This path often leads to a restructuring under the auspices of Chapter 11 of the U.S. Bankruptcy Code. Like any restructuring option, Chapter 11...
Feature
The Polsinelli/TrollerBK Distress Indices reflected a substantial increase in healthcare distress in 4Q 2018, even as the general index showed only a slight increase in bankruptcy filings and the real estate index fell. The Health Care Services Index stood at 550.00 in 4Q 2018, topping the previous...
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If restructuring professionals were asked whether the U.S. economy is currently weak or strong, they would likely offer varying answers depending on each professional’s experience. CFOs might answer entirely differently depending on the areas of business in which they operate. To avoid this kind of...
The Supreme Court of Canada recently found two banks liable in conversion for a $5.5 million check fraud carried out by a former employee of a major pharmaceutical company. The decision stands as the court’s most recent consideration of the “fictitious or non-existent” payee defense to the tort of...