restructuring

UPDATE: QVC Shift Toward Social Media Didn’t Stop the Bleeding in Q1

[Update as of May 9, 2025] QVC’s efforts to reframe its image for the digital era have yet to find traction, with…

Vitamin Shoppe Parent Company Franchise Group Enters Chapter 11, Plans to Close American Freight

Franchise Group has filed for Chapter 11 bankruptcy as part of a restructuring agreement with its primary lenders that will allow its…

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

Walgreens Boots Alliance (WBA) has cut its profit forecast for fiscal 2024 and plans to close “a significant number of underperforming stores,”…

Under Armour Launches Restructuring Plan as Declines Continue

Under Armour announced plans for a restructuring following disappointing results in its fourth quarter and fiscal year 2024 (ended March 31, 2024),…

Joann Ready to Reemerge from Bankruptcy as Private Company

Crafting retailer Joann expects to emerge from bankruptcy in the next few days, a little over one month after it first initiated…

UPDATE: Rite Aid Plans to Close Another 77 Stores in 2024

Update 3/4/2024: As part of its financial reorganization, Rite Aid plans to close an additional 77 stores this year, according to multiple…

Nike Plans to Cut $2 Billion in Costs; Layoffs Imminent as Strategy Pivot Continues

Nike has laid out a plan to cut up to $2 billion in costs over the next three years in a bid…

Rite Aid Names New CEO as it Officially Enters Bankruptcy

Update 10/19/23 — Rite Aid plans to close 154 underperforming stores as part of its bankruptcy, according to new court filings, much…

Allbirds Cuts Workforce in Bid to Reduce Expenses

Allbirds announced plans to further streamline operations by reducing the size of its workforce. The brand didn’t specify the number of workers…

WSJ: Gap to Lay Off 500 Workers as it ‘Flattens the Organization’

Gap will reportedly eliminate approximately 500 corporate jobs globally as part of a restructuring effort, people familiar with the matter told The…

Alibaba Restructures into 6 Distinct Businesses to Drive Agility and Shareholder Value

Alibaba Group is undergoing the most significant restructure in its 24-year history with plans to split the company into six groups, each…

Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop

Rent the Runway will lay off nearly one-quarter of its corporate employees as it seeks to deal with a decrease in active…

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restructuring

UPDATE: QVC Shift Toward Social Media Didn’t Stop the Bleeding in Q1

Vitamin Shoppe Parent Company Franchise Group Enters Chapter 11, Plans to Close American Freight

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

Under Armour Launches Restructuring Plan as Declines Continue

Joann Ready to Reemerge from Bankruptcy as Private Company

UPDATE: Rite Aid Plans to Close Another 77 Stores in 2024

Nike Plans to Cut $2 Billion in Costs; Layoffs Imminent as Strategy Pivot Continues

Rite Aid Names New CEO as it Officially Enters Bankruptcy

Allbirds Cuts Workforce in Bid to Reduce Expenses

WSJ: Gap to Lay Off 500 Workers as it ‘Flattens the Organization’

Alibaba Restructures into 6 Distinct Businesses to Drive Agility and Shareholder Value

Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop

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