COVID-19 seems to know no bounds. It has indiscriminately decimated the world economy and has affected people on every corner of the earth, from prime ministers to paupers. I, too, tested positive while organizing this magazine. Thankfully, it was a mild case. However, the virus’s effect on...
As guest editor of this issue of the JCR , in early February I began formulating topics that focused on the challenges faced by the agriculture and transportation industries. Final submissions were due March 10. On March 11, the NBA abruptly suspended its season, Tom Hanks announced he had tested...
In these unusual times, we are pleased to share our retail edition of the Journal of Corporate Renewal. While the global economy is experiencing a massive disruption, and no sector appears to be spared from this downturn, the retail sector’s challenges escalated to new heights. Looking at last five...
W e decided to do a “Back to the Future” edition of the JCR this month with articles on good old manufacturing, distribution, and retail that I think you will find interesting. Let me give you a sneak preview. We lead off with Tom Pabst and Beth Lennon of HYPERAMS (appraisers and liquidators), who...
As the U.S. economy continues its upward trajectory, confounding repeated predictions of an imminent down cycle, turnaround professionals in general, and distressed investors in particular, continue to watch for signs of the next distressed cycle. For this issue of the Journal of Corporate Renewal...
On the heels of 5,864 retail store closures in 2018, at least 8,558 additional stores will close in 2019, a number that could climb as high as 12,000. While the media continues to describe this as a “retail apocalypse,” the fact remains that the U.S. still has much more retail square footage per...
Almost since the inception of the U.S. Bankruptcy Code in 1978, many parties in the bankruptcy process have espoused the virtues of speed in accomplishing the desired goals. Certain amendments to the Bankruptcy Code have fostered this desire for speed. But has the pendulum swung too far? Are we...
With the exception of certain out-of-favor industries, such as retail and oil & gas, the pace of restructuring activity has been relatively slow over the last five years. Partially as a result, market participants have continued to anticipate potential catalysts for an imminent recession,...
Parties in litigation have used bankruptcy to resolve “seemingly intractable litigation” since the U.S. Bankruptcy Code was first adopted in 1978. 1 Companies regularly seek bankruptcy protection when they are confronting multimillion-dollar verdicts or settlements, waves of mass tort litigation...
I'm honored to have been selected by TMA’s Executive Committee as chair of the Editorial Advisory Board. Together with TMA’s Leadership, we’re underway with some innovative changes to the JCR that should provide a lot of value to our membership and continue to position the magazine as the premier...
