Stein Mart bankruptcy suggests even discount stores can’t avoid the retail apocalypse An inability to adapt to the changing retail environment of the 2010s, a dependency on debt, and a lack of liquidity doomed Stein Mart as it approached the pandemic. Steven Lerner 8.13.20 4:00 PM
Virgin Atlantic bankruptcy distracts from the growth of Richard Branson’s Virgin Galactic Although Virgin Atlantic attributes its downfall to the pandemic, its liquidity issues predate the virus. In 2018, the airline reported a $75 million loss on revenue of $3 billion. Steven Lerner 8.10.20 3:45 PM
California Pizza Kitchen filed for bankruptcy after withholding rent. How will this impact REITs? The collapse of CPK cuts into the divide between dine-in pizza chains and delivery services in 2020. Its bankruptcy could also affect the REITs that have CPK locations. Steven Lerner 8.5.20 5:00 PM
Men’s Wearhouse bankruptcy can be traced back to exit of founder George Zimmer Unlike its suits, Men’s Wearhouse hasn’t looked sharp since 2013. That was when the company abruptly ousted founder and Executive Chairman George Zimmer. The exit of Zimmer was the first domino to fall as the company pursued a strategy built on racking up debt. Steven Lerner 8.4.20 4:09 PM
L’Oreal shuttering Clarisonic is a cautionary tale and opportunity for beauty brands Clarisonic, the brand behind the popular skincare cleansing device, is shuttering operations. LOreal, the parent company, cited a need to “focus its attention on its other core business offerings.” But data shows LOreal’s troubles go beyond a fancy face brush. Steven Lerner 7.29.20 8:50 PM
The Paper Store declared bankruptcy - should Hallmark be worried too? The Paper Store's bankruptcy could cut deeply with Hallmark. Steven Lerner 7.21.20 8:15 PM