debt

Party City Files for Bankruptcy, Secures $150 Million Loan as it Seeks to Overcome Mounting Debt

Party City Holdco Inc. (PCHI) has filed for Chapter 11 bankruptcy protection and entered into an agreement with an ad hoc group…

Bloomberg: Party City Reaches Out to Creditors for More Liquidity

Party City is reportedly renewing talks with creditors to acquire liquidity with help from existing advisers, people familiar with the situation told…

Report: Westfield Parent Aims to Sell its U.S. Mall Properties by Late 2023

Mall operator Unibail-Rodamco-Westfield SE (URW) is reportedly looking to divest most of its U.S. retail properties by the end of 2023, according…

CNBC: Macy’s To Leverage Inventory, Real Estate As Collateral To Raise $5 Billion

Macy’s will reportedly try to raise as much as $5 billion in debt to survive the COVID-19 pandemic, people familiar with the…

Struggling JCPenney Reportedly Hires Advisers To Seek Financial Alternatives

Editor’s Note: Since this story was published, JCPenney has released the following statement: “As a public company, we routinely hire external advisors…

David’s Bridal Plans Bankruptcy Filing, Reaches Deal To Cut $400 Million In Debt

David’s Bridal confirmed that it will file for Chapter 11 bankruptcy in the near future, marking the latest bankruptcy in a year…

Payless Mulls Closing 1,000 Of 4,400+ Stores

The store closing bug has claimed its latest victim, with Payless ShoeSource reportedly shuttering as many as 1,000 stores as part of…

JDA Procures $570 Million Equity Investment, Avoids Sale To Honeywell

JDA Software has completed an agreement with Blackstone and its majority owner New Mountain Capital for the private equity firms to invest…

JCPenney Increases Comp Sales 2.2% In Q2, Finds Buyer For Dallas HQ

It seems as though JCPenney is on track to turn its business around. The department store announced its second quarter financial results,…

Neiman Marcus Shares Insider Tips on Retiring Monolithic Tech and Embracing Modern, Composable Architecture

How Design Teams are Maximizing the Impact of New Store Experiences

Best Practices for Boosting Supply Chain Visibility

The Evolution of Retail Media: Powered by Data, RMNs Offer Full-Funnel Advertising

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