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Retailer Bankruptcies 2020 – the Latest

Ongoing list of the latest news for retailers, restaurants, fitness clubs and other at-retail chains
The Pandemic, economic shut-down, and ever-evolving consumer preferences, are causing the industry to adapt or die.

Retailer bankruptcies and store closings are a major issue for the global economy as the full impact of the Pandemic becomes known.    As well, the evolution of U.S. retailing continues to be propelled by consumer preferences for online sales and additional factors including nation-wide civil protests.

 

The financial pressure on retailers is obvious as scores of companies are taking the Chapter 11 (or 7) bankruptcy route to gain time for weighing their respective options.  Industry experts believe retailer bankruptcies and store closings will continue throughout 2020, perhaps well into the next several years.

 

We keep an updated listing of bankruptcy filings and major stores closing as news comes in, adding the latest on key shopping center and mall tenants.   We also include companies that provide at-retail services, fast food, restaurant chains, and fitness clubs.

 

As an industry, this is not the first time we’ve seen major shifts in consumer preferences, substantial economic events, and in particular, changes in the most popular retail place-product types.   The department store-anchored regional mall began its demise a decade or more ago.   The rise of retail power centers and the big box “category-killer” stores a decade before that was part of the cause.  Remember 280 Metro Center in Colma, California – the world’s first “power center” (1986), malls based upon category-killer big boxes – that seems like truly ancient history at this point.   Decades earlier, the rise of the suburban shopping mall caused the demise of main street shopping – although many years later those same main streets were repurposed and revitalized as a next-generation form of shopping.  And did we mention lifestyle retail centers?

 

More recently, retail has become more properly classified as retail-entertainment as the considerable appeal of location-based entertainment has found a home in malls everywhere.  There are many more such examples;  consumers and their ever-evolving preferences make survival difficult for any retailer thinking their business approach has a long-term life cycle.

 

Our latest tracking is provided in the table below.  We welcome your suggestions and updates!

 

 

Retailer Bankruptcies and Store Closings

2020 Retailer Financial Monitor – Store Closings & Chapter 11 Filings

Retailer / RestaurantSummary StatusBankruptcy Filing DateBankruptcy Year
24 Hour Fitness
www.24hourfitness.com
The company plans to restructure, anticipates store closings (100 nationwide), and expects to re-open a portion of its operated units. Founded 1983.June 14, 20202020
1069 Restaurant Group, LLC (dba Golden Corral) 1069 RG has filed Chapter 11. The restaurant group is the largest Golden Corral franchisee.October 6, 20202020
A'gaciThe retailer's second BK filing in consecutive years. Appears to be going online.August 20192019
A.C. MooreThis arts and crafts chain with more than 145 stores, is shutting down permanently in 2020.Permanent Closure2020
Advantage Rent A CarThis is the company's 3rd BK filing, the most recent prior filing was in 2018.May 20202020
AéropostaleAcquired by Simon, Brookfield, and Authentic Brands Group.2016
AerosolesFootwear retailer.September 20172017
AldoThe UK arm of this Canadian retailer is placed into administration in the UK, in June. The Irish unit of Aldo is already in administration.May 7, 20202020
AMC TheatresIn October 2020, it was widely reported that AMC had about 6 months of liquidity remaining. Owned by AMC Entertainment Holdings, Inc. First established in 1920. AMC was acquired for $2.6 billion in 2012 by Wanda Group.Watch List2020
American Apparel
www.americanapparel.com
A brand of Gildan Activewear (Toronto), acquired in November 2016. Originally founded 1989, in Montreal.October 5, 2015
November, 2016
2015, 2016
Anchor BlueShuttered in 2011, after two bankruptcy filings20112011
Ann TaylorPart of Ascena Retailer Group BK.July 20202020
Apex Global Brands
www.apexglobalbrands.com
The company's name changed to AGB from Cherokee Global Brands, in 2019. Established in 1973 by James Argyropoulos.Watch List 2020
Apex ParksOwns and operates 14 family entertainment and water parks in New Jersey, California, and Florida; files for Chapter 11 bankruptcy protection. Major investors in the company include Carlyle Group. The company intends to to be acquired by a lender group led by Cerberus Capital Management LP. April 8, 20202020
Art Fashion Group Chapter 7 filing for U.S. arm of Roberto Cavalli, Luxury fashion brand. The parent company sold to Dubai developer Hussain Sajwani in November 2019.March 9, 20202020
Art Van FurnitureThe company is closing all of its company-owned stores, and is now in bankruptcy protection.March 9, 20202020
Ascena Retail GroupParent company to Lane Bryant, Justice, Loft, Ann Taylor and Dress Barn.July 23, 20202020
AT&TThe cellular service provides will shutter 250 of its AT&T and Cricket Wireless shops.Watch List2020
Authentic Brands GroupBrand management group; per the company's website is involved with 50+ brands.
Avenue
www.avenue.com
The e-commerce rights to the Avenue brand were acquired by City Chic Collective (originally Miller's Retail, re-branded to Chic in 2018), in 2019. Plus-size clothing brand for women. First established in 1983.August 20192019
BarFly VenturesParent company to HopCat brewpubs.June 3, 20202020
Barneys New YorkBarneys actually filed before the 2020 crisis, but such a major brand being in difficulty is worth remembering. The iconic department store's closed its doors for good on February 23, 2020. The Barneys' name may live in as licensed (branded) merchandise at Saks Fifth Avenue stores Authentic Brands Group purchased Barney's in 2019 and is the licensor of the Barneys' brand.August 20192019
BCBGWomen's Apparel. The company and its I/P was acquired by Marquee Brands and Global Brands Group Holding Ltd.February 20172017
BealesThe UK department store chain had its start in 1881.20192019
Beauty BrandsJanuary 20192019
Bed Bath & BeyondThe company plans almost 300 (of 1,500) store closings in 2020 and beyond, seeking to avoid bankruptcy.Watch List2020
Bergdorf Goodman2020
Bertram BooksUK book wholesaler, went into administration in June 2020. The UK bookseller had started business in 1968 in a chicken shed. Based in Norwich.June 20202020
Blue Star Donuts
Portland
All retail units shuttered; shifting to wholesale operation.2020
Blue Star Donuts
Portland, Oregon
Established 2012.August 20202020
Bluestem BrandsApparel and electronics retailer. With its BK filing the company announced its sale to Cerberus Capital Management LP. The retailer owns brands including Appleseed’s, Blair, Draper’s & Damon’s, and Fingerhut.March 0 20202020
Bon-TonDepartment stores.20182018
Bose
www.bose.com
The audio equipment retailer plans to close all 199 stores including those in North America, Europe, Japan and Australia. The company's majority owner is the Massachusetts Institute of Technology; a donation of the company's founder. Bose was established by Amar Bose in 1964.2020
Brooks BrothersSparc Group, a venture backed by Simon Property Group and Authentic Brands Group, 8-17-20, the U.S. Bankruptcy Court of the District of Delaware approved the $325 million sale of Brooks Brothers to Sparc Group, effective August 31.

Brooks Brothers was first established in 1818.
July 8, 20202020
BrookstoneSpecialty retailer chain.August 20182018
CaleresWatch List2020
California Pizza KitchenFast casual restaurant chain founded in 1985.July 20202020
Carter'sOctober 30 - Carter's indicates it will close 25% of its 200 stores as leases expire, with nearly 60% of that possibly complete by the end of next year and 80% by the end of 2022Watch List2020
Catherines9/16/2020 - FullBeauty Brands Operations, an online company has bid $40.8 million at auction to acquire Catherines; the 320 bricks-and-mortar stores are shuttered but the e-commerce operation is in place. Owned by Ascena Retail Group, part of Ascena BK filingJuly 20202020
CBL & AssociatesMall REIT; in early August 2020 said to be preparing a Chapter 11 filing.Watch List2020
CEC EntertainmentParent company of Chuck E. Cheese restaurants files for bankruptcy, intends to keep operating. In April 2020, CEC had furloughed many of its hourly employees and about 65% of its support staff. The company is owned by equity firm Apollo Global Management. June 24, 20202020
Centric BrandsOctober 2020 - Centric exists BK, with debt for equity swap with new owners Blackstone, Ares Management and HPS Investment Partners. Centric designs and manufactures for brands including Under Armour, Calvin Klein, and Tommy Hilfiger. May 18, 20202020
Century 21The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores.September 10, 20202020
Charlotte RusseFebruary 20192019
Charming CharlieThe women's apparel and accessories retailer has opened a relaunch First Unit at Cumberland Mall in Atlanta. The retailer's 261 stores were shuttered and its I/P sold, in 2019. Company founder Charlie Chanaratsopon acquired the chain's I/P at bankruptcy action later in 2019.July 20192019
Chico'sThe retailer may close as many as 250 stores in 2020. Also operates Soma and White House Black Market stores. According to the retailer, Chico's service "the lifestyle needs of fashion-savvy women 30 years and older,"Watch List2020
Children's Place, TheIn June 2020, The Children's Place announced it would be closing 300 of its 920 stores in North America. In 2019 the retailer paid $7.6 million for rights associated with the Gymboree and Crazy 8 brands.2020
Christopher & BanksThe plan is to close 30 to 40 stores by the end of 2020. Watch List2020
Cinemark TheatresOwned by Cinemark Holdings, Inc. (Plano, Texas)Watch List2020
Cineplex Owned by Cineplex Entertainment, LP2020
Cinépolis USATenedora de Cines is parent; also owns a small stake in CinemarkWatch List2020
Cineworld CinemasAll Cineworld cinemas in the UK and Ireland to suspend operations starting October 9. Cineworld Group plc also owns Regal Cinemas.Watch List2020
Cirque du SoleilCirque du Soleil Entertainment Group files for bankruptcy protection in Canada. More than 3,500 employees will be layed off with just over 200 core employees remaining. Not exactly a retailer but we thought we'd mention it here.June 29, 20202020
Claire'sTeen accessories retailer.March 20182018
CMX CinemasA chain of dine-in cinemas. Acquired Cobb Cinemas in 2018. Cinemex Holdings USA, Inc. was established in 2014, an affiliate of Cinemex, Grupo Cinemex S.A. de C.V.April 25, 20202020
Coldwater CreekSeptember 2020 - Newtimes Group (HK) announced its purchase of the retailer's inventory and intellectual property from Sycamore Partners for $12.2 million, with the intention of relaunching CWC's website and catalog, July 20, 2020 - the company's announced its intention to cease operations, both through its website and 13 retail stores.July 20, 20202020
Country Cookin
Roanoke, Virginia
As of October 18, 2020, the company announced that its remaining locations would be shuttered. Established in 1981.Watch List2020
Crazy Mocha Coffee Co. Pittsburgh’s largest homegrown coffee shop chain. Owned by Ed’s Beans Inc. (Cranberry).October 21, 20202020
CVS PharmacyThe company is in the process of shuttering its under-performing stores.2020
Cyc FitnessOwned by Cyc Holdings (Delaware).October 14, 20202020
Dave & BustersDave & Buster's said its second-quarter store sales decreased 87% compared to 2019, totaling a net loss of $58.6 million. Watch List2020
David's BridalBridal apparel retailer.November 20182018
Dean & DelucaNew York City-based gourmet foods retailer.March 31, 20202020
DebenhamsIn Administration under FRP Advisors. The UK retailer has appointed winding-up specialist Hilco Capital and may break up and sell its portfolio of stores. Founded in the eighteenth century as a single store in London.April 20202020
Delia'sAfter shuttering, has been licensed by online fashion company Dolls Kill since 2018.20142014
Designer Brands DSWWatch List 2020
Desigual USA (“DUSA”)U.S. unit of Spanish retailer Desigual.July 28, 20202020
Destination MaternityParent company to several retail brands. This retailer filed in late 2019, preceding the Coronavirus by a few months. The retailer also operates Motherhood Maternity and A Pea in the PodOctober, 20192019
Destination XLWatch List2020
Dick's Sporting GoodsIn late July, Bloomberg reported that the retailer was preparing a filing.Watch List2020
DieselFiled due to increasing losses at its 28 U..S. stores.March 20192019
Earth FareThe organic grocery store chain plans to close all stores. First established in 1975, but changed to its present name from "Dinner for the Earth" in 1993.February 4, 20202020
EquinoxOctober 2020 - Equinox has retained advisors to help negotiate through its substantial debt load. Also owns SoulCycle chain. Owned by Equinox Holdings Inc., with backing by Related Cos. Watch List2020
ExpressBy 2022, the retailer plans to close 100 stores, about a quarter of its total units.Watch List2020
FairwayIn January announced that it was shuttering five of 14 locations.January 23, 20202020
Flywheel Sports The spin-cycle fitness venue have filed Chapter 7. First unit was established in 2010 in New York’s Flatiron District. Earlier this year Town Sports International had discussed a deal with Flywheel to acquire the company, that that collapsed with TSI's own BK.September 21, 20202020
Flywheel SportsFiled for Chapter 7 bankruptcy on September 15; will permanently shutter all 42 of its spin studios in the U.S.September 14, 20202020
FoodFirst Global Holdings Operater of Bravo Italian Mediterranean and Brio Italian Mediterranean restaurant chains. Recently closed 71 of 92 location. Closed 71 of 92 remaining restaurants.April, 20202020
Forever 21The brand was known as the king of "fast fashion." Authentic Brands Group acquired the retailer out of bankruptcy. At the time of filing for bankruptcy protection in September 2019, Forever 21 was operating in 40 countries and almost 350 stores. In June 2020, Authentic Brands Group announced an expansion deal for Mexico with IB Group.September, 20192019
Francesca'sFrancesca's Holdings Corp. is considering its options, including bankruptcy. In November the retailer announces that it plans to close approximately 140 stores by Jan. 31, 2021.Watch List2020
Francesca’sThe mall-based retailer may go Chapter 11 as a means to restructure and restart.Watch List2020
Frank And OakE-commerce retail company turned brick-and-mortar, files for protection under Canada’s Bankruptcy and Insolvency Act. Modasuite Inc. is the company's legal name.June, 20202020
Fred'sThe Southern discount retail and pharmacy chain.September 20192019
Frederick’s of HollywoodLingerie retailer.April 20152015
French ConnectionThe French retailer indicates it requires a cash injection in a matter of months. Also owns the Great Plains brand. Founded in 1972.Watch List2020
Friendly'sThe family restaurant chain declared bankruptcy over the weekend and has an agreement to be sold to Amici Partners Group for just under $2 million. Amici is affiliated with Brix Holdings, a multi-concept company that owns Red Mango, Smoothie Factory, Souper Salad, Redbrick Pizza and Greenz.November 1, 20202020
FTDFlower and gift delivery specialist. In August 2019, FTD North America sold for $110 million to Nexus Capital Management.

June 20192019
FullBeauty BrandsPlus-sized women’s clothing.February 20192019
Furla USAThe retailer has filed for Chapter 11 in New York, with the intention of remaining in the U.S. marketplace. Furla first entered the U.S. market in 1989.November 11, 20202020
Furniture Factory OutletThe retailer is looking to sell itself as a going concern in Chapter 11. Owned by private equity firm Sun Capital Partners. The company was established in 1984.November 20202020
Furniture Factory Ultimate Holding, LPNovember 6, 20202020
G-III Apparel GroupG-III is shuttering its Wilsons Leather shops as well as its 89 G.H. Bass shoe and clothing stores. The company intends to focus on its five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld.
G-Star RawFiles for Chapter 11, could not secure rent concessions for its more than 30 operated stores.July 3, 20202020
GameStopThe retailer is considered at risk by industry analysts, and may close as many as 320 stores in 2020. The chain is "de-densifying" its footprint of stores.Watch List2020
Gander MountainOutdoor recreation retailer. Camping World acquired the company for $37 million at auction.March 20172017
Gap, TheThe retailer anticipates closing as many as 230 store closings this year, in a bid to avoid becoming another retailer bankruptcy. In October 2020, the retailer announced its intention to transition a primarily e-commerce and off-mall operator.Watch List2020
Garbanzo Mediterranean GrillBased in Centennial, Colorado, with 25 locations.August 20202020
Garden Fresh Restaurant Corp.
San Diego, California
Filed Chapter 7; no intent to re-open. Owner of Souplantation and Sweet Tomatoes buffet restaurants. First Established 1983.May 20202020
GNC Holdings, Inc.9/20/2020 - GNC cancels bankruptcy auction instead opts for a sale to Harbin Pharmaceutical Group (PRC); Harbin has an existing 40% stake in GNC. There may be U.S. privacy concerns with Harbin's takeover.

With BK, the retailer planned to close anywhere from 800 to 1,200 stores, due to the Pandemic but also due to consumers increasingly option for online buys versus in-store purchases.
June 23, 20202020
Go OutdoorsUK company, entered into administration in June. A JD Sports company.June 20202020
Gold's GymThe company owns and operates more than 700 gyms in the U.S. and elsewhere;
files for Chapter 11 bankruptcy on May 4.
May 4, 20202020
GordmansDiscount department store.March 20172017
Grupo Famsa SAMexican retailer filed for bankruptcy, a furniture and appliance dealer with stores in the U.S. and Mexico.June 25, 20202020
GuessThe company plans to close 100 stores in the U.S. and China2020
Guitar Center
On November 16, the retailer indicated it will file for Chapter 11 and exit before year-end, with a restructuring plan approved.Watch List2020
Gump'sDepartment store.August 20182018
GymboreeThe company's 2nd bankruptcy. Goldman Sachs as re-engineered what was a retailer into a tech venture.January 20192019
HallmarkStore closures are planned in 2020.2020
HertzFiles for bankruptcy protection on May 22, included here as a retailer bankruptcy although its services is more of an at-retail type - not quite the traditional retailer.May 22, 20202020
Hillshire Brands CompanyAcquired by Tyson Foods Inc in 2014. Formerly the Sara Lee Corporation.2014
Hollander Sleep ProductsBedding and related accessories. The company was sold in August 2019 to Bedding Acquisition LLC, for $102 million.May 20192019
Il MulinoPut seven of its 16 locations into bankruptcy.2020
iMedia Brands, Inc.
Prairie, Minnesota
www.imediabrands.com
Watch List2020
Innovative Mattress SolutionsJanuary 20192019
Intu Properties plcIntu "enters into administration." after seeking a standstill agreement with creditors regarding its debt repayment. Intu is the largest mall owner in the UK. June 26, 20202020
It'Sugar
Deerfield Beach, Florida
www.itsugar.com
The Chapter 11 filings were made in the U.S. Bankruptcy Court for the Southern District of Florida. The largest candy store retailer in the U.S. intends to continue to operate its retail locations while the Bankruptcy proceedings are ongoing. The retailer is a subsidiary of BBX Capital Corporation and BBX Capital Florida LLC. First established in 2006.September 22, 20202020
J. Crew GroupJ. Crew exited BK on September 11, 2020. Lenders assumed controlling ownership after a federal BK court approved J. Crew's reorganization plan; Anchorage Capital Group is now the retailer's majority owner.

The company also owns Madewell, a women’s clothing and accessory brand. The retailer made its Chapter 11 filing in the US Bankruptcy Court for the Eastern District of Virginia.
May 4, 20202020
J. HilburnMay 4, 20202020
J. JillSeptember 2020 - The women’s apparel retailer intends to to restructure its debt out of court, avoiding a BK filing. J. Jill operates about 280 stores.Watch List2020
J.C. PenneySeptember 10 2020 - Simon Property Group and Brookfield Property Partners announce a deal to buy J.C. Penney's retail business, leaving creditors in control of the retailer's real estate. Earlier in 2020, Penney announced that it would permanently close 242 stores in 2020 and 2021 as it filed for bankruptcy protection.May 15, 20202020
John VarvatosLuxury menswear, at one time carried by Nordstrom. Majority owner is Lion Capital.May 20202020
JusticePart of Ascena Retailer Group BK.July 20202020
K&W Cafeteria
Winston-Salem, North Carolina
Closing locations, looking for a buyer.2020
KB US HoldingsParent company for Balducci's and Kings Food Markets, both gourmet grocers. Filed in the U.S. Bankruptcy Court for the Southern District of New York.August 20202020
Kinepolis GroupAcquired Canada's Landmark Cinemas in 2017.2020
Kohlberg & CompanyPrivate equity firm founded by Jerome Kohlberg, Jr.
L BrandsDuring 2020, the company plans to close 238 Victoria's Secrets stores (out of 1,000) in the U.S., and Canada, as well as 50 Bath & Body Works stores.Watch List2020
Lakeland Tours LLCStudent travel company Lakeland Tours filed for Chapter 11 on July 20, 2020. Once of the company's dba's is Worldstrides. Not a retailer but interesting to us as the company's COVID affects impact retail and restaurant sales in major destination cities.July 20, 20202020
Lane BryantPart of Ascena Retailer Group BK.July 20202020
Laura AshleyUK fashion retailer is placed in administration in March, some operations expected to continue.March 20202020
Le Pain QuotidienFrench-inspired bakery and café chain. A sale to Aurify Brands is pending.May 27, 20202020
Lee LonglandsThe UK retailer entered into administration in June. The furniture retailer opened for business in 1902. HQ'd in Birmingham.June 20202020
Limited, TheWomen's apparel. The company and its I/P were acquired by Sycamore Partners.January 20172017
Lord & Taylor (Le Tote)As at 8/27 the retailer announced its intention to shutter its 38 stores and go out of business. The retailer has filed for Chapter 11 with the intention of finding a buyer. First established in 1826. In 2019, Le Tote acquired Lord & Taylor from Hudson’s Bay Company (38 stores at the time). August 2, 20202020
Luby’s, Inc.Luby's Inc. has elected to liquidated the company, having found no buyers. The company is parent to Luby's Cafeterias and Fuddruckers.September 8, 20202020
Lucky Brand JeansAcquired by Authentic Brands Group and Simon Property Group, to be operated by SPARC Group, LLC.July 3, 20202020
Lucky's MarketThe regional grocer plans to close most stores in early 2020.January 27, 20202020
Macy'sThe company plans to operate at greater efficiency and profit through fewer bricks-and-mortar stores, and plans to close perhaps 125 stores over the next three years.2020
Maison Kayser 16-unit French bakery (NYC) chain, being acquired by Aurify Brands LLC, same company that recently purchased Le Pain Quotidien. The U.S. bankruptcy only included units owned by Cosmoledo LLC. The brand continues elsewhere in the world.September 10, 20202020
Marcus Theatres
www.marcustheatres.com
October 2020 - MT temporarily closes 17 of the 72 cinemas it had reopened this summer, citing a decline in audience demand and limited new films released. The fourth largest theater circuit in the U.S., with locations in major markets in the Midwest.2020
Marquee BrandsBrand management group.
Matchbox Food GroupThe 12-unit casual dining operator has units in the D.C.-Maryland area as well as Texas and Florida.2020
Microsoft StoresNot a Chapter 11 filing, but Microsoft has announced it is shuttering all of its physical stores. Four high-profile Microsoft stores — on Fifth Ave., Oxford Circus (London), Westfield Sydney, and in Redmond, Washington will become "Microsoft Experience Centers" where customers can experience product, demos, explore device bars, and learn about technology. June, 20202020
Modell's Sporting GoodsWith its March bankruptcy filing, the retailer indicated that it intended close all of its 153 stores.March 11, 20202020
Monsoon AccessorizeJune 20202020
Muji USAThe U.S. affiliate of Japanese home goods chain, Muji U.S.A. Ltd., filed for Chapter 11 protection.July 10, 20202020
National Stores Inc.Discount retailer for apparel, accessories, shoes and household items.August 20182018
Neiman Marcus9/8/20 - Neiman Marcus secured bankruptcy court approval for a reorganization plan that will cut more than $4 billion of company debt. The company filed for Chapter 11 bankruptcy protection in May and aims to emerge by the end of this month. Most of the retailer's Last Call (off-price) stores will be shuttered.May 7, 20202020
New York & CompanyJuly 13, 20202020
Nine West Holdings Inc.April 20182018
Noah's Event VenueThe Company closed its doors permanently in February 2020. Founded in 2003, Noah's Event Venue was an event venue for weddings, corporate functions, and special occasions. At their peak the company had over 39 locations across the U.S.May, 20192019
NordstromThe department store chain has announced the permanent closure of 19 stores.Watch List2020
NPC InternationalThe franchisee is made up of two divisions, one of which operated more than 1,200 Pizza Hut locations, the other of which runs nearly 400 Wendy’s units. Largest Pizza Hut franchisee, along with Wendy's units.July, 20202020
Office DepotThe office supply and equipment retailer will close about 90 stores by year-end 2021. Some 55 stores have already closed over the past year or so. Per a May 15 article, the retailer may cut 13,100 jobs by 2023. The retailer also owns OfficeMax. The company rolled out same-day delivery services, provided by Shipt.2020
Olympia SportsThe regional sporting goods retailer has been purchased by JackRabbit, and the plan is to close 76 Olympia stores. 2020
Orchard Supply HardwareClosed by Lowe's Cos. in 2018 following a 2013 acquisition out of OSH's bankruptcy. OSH was first established in 1931.20132018
Paper Store, TheRegional gift specialist. A group of investors led by WS Development is supporting The Paper Store's exit from Chapter 11.July 14, 20202020
Party CityParty City said it would permanently close 21 stores this year as part of a “store optimization” plan that began in 2019 with 55 store closures, including one in New Jersey after a disappointing Halloween season.Watch List2020
PaylessThe company headed back in bankruptcy protecting after emerging from prior filing in 2017. 8/20 - The company reports a plan to emerge from BK in January with a new store concept and online presence. February 20192019
PerfumaniaAugust 20172017
Pet ValuEffective in early November 2020, the pet retailer announced that it will wind-down all stores and its corporate offices, and begin "going out of business" sales. Pet Valu has retained Malfitano Partners as its restructuring advisor. The company has licensed its name to Pet Valu Canada which is unaffected by this announcement.2020
Pier 1 ImportsSince the February 17 filing, Pier 1 has filed a motion to close all of its stores nationwide (5/19/2020). First established, 1962.February 17, 20202020
PVH Corp.Parent company of Calvin Klein, Tommy Hilfiger and several other fashion brands, will shutter all its 162 IZOD and Van Heusen stores across North America by late 2021.2020
QuicksilverSurfwear apparel.September 20152015
QuizFashion group HQ'd in Glasgow (Scotland). Entered into administration in June.June 20202020
RadioShackElectronics retailer.March 20172017
Regal CinemasAs of October 5, Regal Cinemas is suspending operations at all U.S. locations. Regal Cinemas is owned by Cineworld Group plc (UK). Cineworld acquired Regal Entertainment Group for $3.6 billion in 2018.Watch List2020
Regis Corp.Hair salon operator. Behind on rent due for 2020.Watch List2020
Remington OutdoorFirearms manufacturer.March 20182018
Rent the Runway8/14 - The fashion rental/subscription giant will not reopen any of its stores, opting for online focus instead.Business Strategy Change2020
Rite AidWatch List2020
RockportFollowing its BK filing, the retailer was acquired by Charlesbank Capital Partners for a reported $150 million.May 20182018
Roots USAChapter 7 filing. Based in Toronto.April 29, 20202020
RTW RetailwindsParent company of New York & Co. and Fashion to Figure, will close a significant portion or all of its stores. In early August 2020 RTW sold its e-commerce businesses to Sunrise Brands LLC.July 13, 20202020
Rubie's Costume CompanyRubie’s files for Chapter 11 bankruptcy on April 30; claims to be the world’s largest designer and manufacturer of Halloween costumes.April 30, 20202020
Rubio's Restaurants Inc.
Carlsbad, California
Chapter 11 petition filed in Delaware. formerly known as Rubio's Fresh Mexican Grill. First established in 1983, in San Diego.October 26, 20202020
Ruby Tuesday
Maryville, Tennessee
The restaurant chain has closed almost 300 locations in three years. Owned by NRD Capital Management, LLC. First established in 1972. October 7, 20202020
Rue21May 20172017
Schurman Retail Group (SRG)Parent company to Papyrus stores, has announced all stores will be closed. This BK looks due to reasons other than Covid-19.January 24, 20202020
Sears HoldingSears parent company Transform Holdco will operate just 182 stores after more slated store closings. The parent company also plans Kmart store closings.20182018
Sequential Brands Group, Inc. Brand management group.Watch List
SFP Franchise CorpPapyrus' parent.January 23, 20202020
ShopkoJanuary 20192019
Signet JewelersThe multi-concept operator which operates Kay Jewelers, Zales, Jared, and H. Samuel, plans to close 380 stores by year-end 2020.2020
Sizzler USAFast-casual steakhouse.
Established in 1958, in Culver City, California.
September 21, 20202020
Snap KitchenThe fast-casual chain has been hard hit by the impacts of the pandemic, its CEO said, and will close at least 20 of its 33 locations.Watch List2020
Sonia RykielFrench brand, filed for BK in the U.S. and France.April 20192019
SouplantationFiled Chapter 7. Owned by Garden Fresh Restaurants. The chain's first unit was in 1978.2020
SpicersThis UK office supplies wholesaler operating since 1985, has been liquidated.April 20202020
Sports AuthorityAcquired by Dick's Sporting Goods.20162016
Sports ChaletShuttered after filing bankruptcy, concluded store closings, and joined the list of retailer bankruptcies.20162016
Stage StoresHeading to liquidation. Stage intends to shutter all of its more than 800 regional discount department stores under several brands: Bealls, Goody's, Palais Royal, Gordman's and others. Chapter 11 filed on May 10. The history of Stage Stores dates to the 1920's when two of its chains, Bealls and Palais Royal, were founded as family-owned businesses.May 11, 20202020
Steamer TradingThis UK kitchen items store entered into administration in January. January 20202020
Stein MartFiled in Florida. The company has launched a store closing and liquidation process. October 19 - the company hired Hilco Streambank to help sell off its I/P.August 12, 20202020
Steinhoff Mattress retailerWatch List2020
Styles for LessTeen apparel chain.November 20172017
SugarfinaLuxury candy / confections geared toward millennial adults.September 20192019
Sur la Table8/2020 - sold for nearly $89 million to a joint venture between e-commerce investment firm CSC Generation and Marquee Brands LLC. Sur la Table was first established at Pike Place Market in 1972. As part of its bankruptcy reorganization the retailer intends to shutter about one-half of its stores.July 8, 20202020
Sustainable Restaurant HoldingsParent company for seafood chains Bamboo Sushi and QuickFish. Is searching for a buyer.May 12, 20202020
Sweet TomatoesFiled Chapter 7. Garden Fresh Restaurants. First unit was established in 1990.June 23, 20202020
Tailored BrandsThe retailer may exit Chapter 11 before year-end, with its reorganization plan now court approved. Parent company for Men's Wearhouse, Jos. A. Bank and K&G brands.August 2, 20202020
Things RememberedLargely a result of online competition in its product class.February 20192019
Tilton FitnessGym chain Tilton Fitness announced in June 2020 it has permanently closed due to the financial impact of the coronavirus pandemic.2020
TooJay's Deli
West Palm Beach, Florida
www.toojays.com
Emerged from BK with 21 locations in September 2020, acquired by Monroe Capital. Filed for Chapter 11 in April 2020. The company accepted a PPP Loan so it appears it intends to continue to operate. First established in 1981 in Palm Beach, Florida. Parent company is TooJay’s Management LLCApril 20202020
Town Sports International Holdings Inc.TSIH gym brands include Boston Sports Club, New York Sports Club, Washington, and Philadelphia sports clubs; also Total Woman, Around the Clock Fitness, and Lucille Roberts. Established 1973.

September 20202020
Toys “R” UsNow owned by Tru Kids, Inc., operating primarily outside the U.S. First established by Charles Lazarus, in 1948.September 18, 2017 (U.S.)2017
True Religion Apparel Inc.October 20 - TR exits BK with 50 operating stores. October 7 - TR received court approval of its reorganization plan. TR filed for bankruptcy on April 13. The company also filed for bankruptcy in 2017. The retailer was first established in 2002.April 13, 20202020
Tuesday MorningDeep-discount home wares retailer; operates in 39 states. The retailer plans to shut down around 230 of its nearly 700 locations during the summer of 2020.May 27, 20202020
Twisted RootFiled Chapter 11 proceedings for several of its restaurants.2020
U.S. Outdoor Store
Portland, Oregon
Per press reports, the landmark store in downtown Portland (for decades) filed for BK and closed its downtown store. The retailer blamed fallout from COVID-19, civic unrest, shifts to online purchasing and a lender dispute.September 11, 20202020
VapianoGerman chain of Italian fast casual restaurants; operated six units in the U.S.April 20202020
Victoria’s Secret 2020
VinceWatch List2020
Vitamin WorldVitamin retailer.September 20172017
WalgreensThe drugstore chain started downsizing in 2019, intending to close about 200 stores (out of 9,600) in the U.S.Watch List2020
Walking Company, TheFootwear retailer.March 20182018
Wet SealTeen apparel. Acquired by Gordon Brothers for $3 million in March 2017.February 20172017
WHP GlobalBrand management group helmed by Yehuda Shmidman.
Wisconsin Apple
Wisconsin Apple is a 25-unit Applebee's franchisee.August 20, 20202020
Xcel Brands, Inc.Brand management group founded by Robert W. D’Loren in 2011.2011
YogaWorksThe company will permanently shutter all 55 locations nationwide, as part of its bankruptcy filing.October 14, 20202020
YouFit Health Clubs
Deerfield Beach, Florida
The clubs were first established by Rich Berks in 2008.November 9, 20202020
Z GallerieAnother of the 2019 bankruptcy class, we included due to fond memories of this brand among the roster of so many destination retail centers.March 20192019
ZaraIn June 2020, Inditex announced that it will close as many as 1,200 Zara stores over the next two years.Watch List2020

Retail Tenant Store and Financial Difficulty Tracking, 2020

StoneCreek Partners, Retailer Database - Major Retailer Bankruptcies due to Covad-19 and other industry issues.

Retailer bankruptcies and store closings.