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What Fashion and Luxury Goods Companies Need to Know About Restructuring and Bankruptcy

By the of the end of 2017, the industry saw more than 300 companies file for bankruptcy, with no less than 30 involving major retailers. By end of the third quarter of 2017, more than 6,400 store closings occurred — triple the number of closings during the first half of 2016.   

Anthony Lupo and Aram Ordubegian Talk Bankruptcy in the Face of the 'Retail Apocalypse'

It's no secret that 2017 has been a particularly difficult and troubling year for the retail industry. Changing consumer preferences and attitudes, the need for rapid and convenient shopping solutions, and a surge in online shopping offer some insight as to why the landscape has been evolving so rapidly...and why the retail sector has been hit so hard.

Gymboree Sends Itself To Time-Out

Unlike the parenting technique that requires a misbehaving child to sit in a designated area for a set amount of time, Gymboree Corporation, the well-known San Francisco-based company that operates specialty retail stores of children’s apparel, will serve its time-out before Judge Keith L. Phillips in the US Bankruptcy Court for the Eastern District of Virginia.