Grapes of Grandeur: Retail in the Wine Industry
For many, wine has woven itself into the fabric of everyday life—a chance to celebrate milestones, foster social connections, or simply savor moments of relaxation. For these exact reasons, the allure of wine, coupled with its status as a staple in both social and cultural contexts, has long made...
Navigating Challenges in Canada's Home Furniture & Furnishing Industry
In the world of retail, catchy slogans such as "buy more, save more" or "up to 40% off" have become familiar sights, plastered across store fronts and website banners. Despite these frequent sale promotions, retailers within the home furniture and furnishing industry are struggling to drive sales...
Navigating Security Interests in Retail  Merchandise
Customers are the lifeblood of a retail company. Through purchases of merchandise, they provide necessary liquidity for the retailer’s operations and going-concern value. For many retailers, this liquidity often comes in the form of customer deposits for merchandise to be manufactured by the...
Inflation’s Toll on the Outlook for Restaurants
"I   think we now understand better how little we understand about inflation." -Federal Reserve Chair Jerome Powell, July 29, 2022 Even the chair of the Federal Reserve had to admit that inflation is a ferocious animal. He was on a rate hike mission for all of 2022 and is only now getting a sense...
Contractual Agreements in the Canadian Hotel Industry: Managing the Competing Stakeholders in a Canadian Insolvency
During the COVID-19 pandemic, the Canadian hotel industry suffered tremendous financial stress. This stress was lessened by financial support for the hotel sector by the federal and provincial governments. With such financial support coming to an end, and the emergence of supply challenges, higher...
Lessons for Travel and Hospitality Companies in a Post-Pandemic World
Travel and hospitality was one of the hardest-hit sectors during the pandemic. According to USTravel.org, in 2019, the total travel and tourism impact on the U.S. economy was $2.6 trillion and was responsible, directly and indirectly, for one in eight U.S. non-farm jobs. Of course, those numbers...
Implications of the WFH Trend for Business Travel and Hospitality
Three years after its onset, the COVID-19 pandemic’s long-term implications for consumer behavior, commerce, and daily life are still not widely understood. While pandemic restrictions have largely receded and are no longer a direct factor in individual and business decision making, the period...
Reservations for Restructuring: Headwinds Force Hotel Bankruptcies
The hospitality industry, particularly hotels, has been subject to significant headwinds since the onset of the pandemic in March 2020. Certain segments of the industry, mainly leisure properties, have recovered better than others. Hotel properties primarily reliant on business travel have...
Why More Hotels Have Not Filed Bankruptcy
No industry was harder hit by COVID-19 than tourism and travel. Turnaround and restructuring professionals might be tempted to connect the dots—thinking that an unprecedented demand shock would lead to an unprecedented rise in hotel bankruptcies. But before doing so, one must look at the unique...
Pressures Continue to Grow in the Ag, Logistics Industries
This issue of the Journal of Corporate Renewal is focused on hotels and hospitality, including restaurants, none of which are newcomers to distress. The extreme headwinds of the past few years have left these businesses vulnerable, requiring the ability to remain nimble and strategic in the face of...