TMA Town Hall for June 10, 2020

Retail Distress: COVID-19 Infects Struggling Businesses

Prominent retail bankruptcies already made headlines before the COVID-19 pandemic forced store closures across the U.S. With many states now allowing businesses to reopen, can retailers survive at 50% capacity or...

Trade Wars, Pandemics—and Yet, Retail Persists
First came subprime mortgages, the ensuing financial crisis, and the Great Recession. Then predictions came of a retail apocalypse caused by the Amazon effect. Despite years of grim headlines predicting the demise of traditional brick-and-mortar stores, retailers have continued to find ways to...
TMA-Southern California

March 26, 2020

In response to the rapidly changing climate and uncertainties surrounding COVID-19, many retailers and restaurants are taking unprecedented action. 

Panelists:
Teri Stratton, Managing...

Adapting to Retail’s New Realities
The stories about moves made by an iconic toy seller attempting resurrection and a commercial real estate developer’s seeking to empower its retail tenants with advanced customer analytics have valuable lessons for struggling retailers seeking pathways out of distress. The recent history of Toys R...
The Impact of E-commerce on Retail Restructuring
Retail has been one of the most important industries in America for at least 100 years. In 2017, the industry generated $3.4 trillion in sales, and for 2020, the value expected of the industry is more than $3.9 trillion. Nevertheless, the industry has struggled. Just in 2019, more than 9,000 retail...
Managing Risks in Doing Business with Administratively Insolvent Retail Debtors
When a retailer files a Chapter 11 bankruptcy case, its suppliers face the critical decision of whether to continue shipping goods to the retail debtor post-petition. Cutting off all further shipments would limit any further loss but would also guarantee that the supplier had little to no chance of...
Navigating Liquidity in Retail Restructurings
Throughout a retail restructuring, from the prefiling period through the winddown of the proceedings, debtors and their professionals face unique challenges that arise from the nature of retail operations and the resulting direct impact on liquidity management. Although not an exhaustive recitation...
DIP Financing in Retail Bankruptcy Cases: Looking to Precedent to Reduce Litigation, Save More Retailers
With the surge in retailers filing for Chapter 11 over the last several years, precedents abound for the debtor-in-possession (DIP) packages put together to finance the bankruptcy cases of retail debtors. Certain patterns and common practices have begun to emerge. A review of large retail Chapter...