Improving the Odds of Success for Retail Bankruptcies
Last year saw over 9,300 retail store closures—more than any other year on record and a 60% increase over the roughly 5,800 closures in 2018. Whether one believes the industry is in the midst of the “retail apocalypse” or that what’s happening is merely a matter of survival of the fittest, it is a...
Retail In Crisis
These are unprecedented times. In a matter of days, the coronavirus pandemic virtually shut down American society, and with it, the wheels of industry came to a standstill. There is not one industry that has not been hit with the repercussions of this virus. In fact, “hit” may be an understatement...
TMA Town Hall for March 25, 2020

COVID-19 Disrupts Dealmaking

TMA hosted our first virtual Town Hall on March 25, 2020. TMA Global CEO Scott Stuart and Alexander Gladstone of The Wall Street Journal discuss the impacts of the COVID-19 outbreak on various market segments, some of which were...

JCR Guest Editor
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...
Understanding the strengths and weaknesses of a retailer’s real estate portfolio has always been a critical part of the planning process before commencing a restructuring project. However, in today’s highly disrupted retail environment, the need for clarity on this front is greater than ever. The...
The news is out: retailers are closing stores by the hundreds. Last year, they shuttered upward of 5,800 stores, while the number of closures for 2019 has already eclipsed that mark and is predicted to go as high as 12,000, according to Coresight Research (Figure 1). This may seem like a...
Candidates for independent board of director positions must first gather basic information about the company, including an overall description of the business; a list of its locations and general operations; and details regarding the ownership and its view of the company, stewardship, and near-and...
The current M&A environment for distressed retailers is as tough as it gets when it comes to completing going concern transactions. The majority of recent retail bankruptcies have resulted in going-out-of-business (GOB) sales, liquidation, large-scale job losses, and vacant retail stores...
The retail industry continues to feel the pain of intense competitive pressure and challenging business dynamics. Changes in recent years have resulted in an unprecedented number of store closings and Chapter 11 filings, with many of the country’s most recognizable brands shutting down operations...
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-...