World Footwear

Bankruptcy

UBS foresees 80 000 stores closures in the US by 2026

Apr 9, 2021 / United States
The analysis presented by the investment bank indicates that after the peak in closures registered in 2019, the scenario is not bright and shiny for the next 5 years. UBS is forecasting a 9% of the total current number stores to shut across the country by 2026

Great Britain with a record of 17 500 stores closing in 2020

Apr 9, 2021 / Great Britain
According to new data by consulting firm PwC, Great Britain had an avalanche of store closures during 2020, with some 17 500 stores not resisting the impact of the pandemic. On the other hand, 7 655 opened, representing a net loss of 9 877 stores

Boohoo buys several brands from Arcadia

Feb 10, 2021 / United Kingdom
The United Kingdom-based online fashion retailer acquired Dorothy Perkins, Burton and Wallis' brands, its intellectual property and stocks for 25.2 million British pounds in cash

Asos buys Topshop and other Arcadia's brands

Feb 1, 2021 / United Kingdom
The deal includes Topshop, Topman, Miss Selfridge and HIIT. The brands were for sale after the Arcadia group collapsed into administration by the end of 2020

G-III enters the race to buy Arcadia

Jan 18, 2021 / United Kingdom
The New York-based group G-III Apparel is said to have entered the race to acquire Arcadia and to be among the top four candidates (Next, Boohoo and American-based Authentic Brands). However, G-III has not yet publicly confirmed

Arcadia’s Evans brand acquired by Australia’s City Chic for 23 million British pounds

Dec 21, 2020 / United Kingdom
The agreement includes the acquisition of the Evans brand, the eCommerce and wholesale businesses for 23.1 million British pounds in cash by City Chic. This deal, excludes the brick and mortar stores and follows Arcadia entering into administration a few weeks ago

JCPenney’s Retail and Operating Assets to exit Chapter 11

Dec 11, 2020 / United States
The US Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization to create separate property holding companies

Bonmarché collapses into administration

Dec 3, 2020 / United Kingdom
The retailer based in West Yorkshire has collapsed into administration for the second time in a year. 1 500 jobs are at risk

Arcadia Group files for bankruptcy

Dec 2, 2020 / United Kingdom
More than 13 000 jobs are at risk in what is so far the biggest UK collapse in the COVID-19 era. The owner of Topshop, Topman, Miss Selfridge, Dorothy Perkins, Evans and Burton appointed administrators from Deloitte on Monday

Debenhams on the verge of closing

Dec 2, 2020 / United Kingdom
The UK-based store chain is reportedly set to close after the latest efforts to rescue it have failed. Rough trading conditions during the pandemic were the final hit for both Debenhams and Arcadia

Former André stores to be auctioned

Oct 7, 2020 / France
Shoe Intelligence is reporting that 25 former André stores to be auctioned

Simon Property and Brookfield are rescuing JCPenney

Sep 24, 2020 / United States
Mall owners Simon Property and Brookfield Property Partners have entered in an agreement in principle to acquire JC Penney. The American department store chain filed for bankruptcy protection earlier in the year

Payless plans its comeback

Aug 31, 2020 / United States
The US-based discount footwear chain Payless is planning to open between 300 to 500 standalone stores over the next five years. This follows the company turning up from bankruptcy protection in January after closing all its 2 100 stores in the US

JCPenney to close 152 stores and cut 1 000 jobs

Jul 17, 2020 / United States
The US-based retailer is becoming a smaller operator as it goes through a bankruptcy restructuring. JCPenney plans to lay off about 1 000 employees as it shuts down more than 150 stores

RTW Retailwinds voluntarily files Chapter 11 Bankruptcy

Jul 16, 2020 / United States
As a result, the retailer expects to close a significant portion of its brick-and-mortar stores. Company expects to fully repay approximately 12.7 million US dollars in remaining loan outstanding
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