Joann files for bankruptcy for a 2nd time
“Joann Files for Bankruptcy for a 2nd Time: What This Means for the Retail Industry” In a surprising turn of events, Joann, the popular fabric and craft retailer, has filed for bankruptcy for the second time. This news has sent…
Navigating the Storm: Key Takeaways from 2024's Retail Bankruptcy Landscape
In 2024, North America’s retail sector witnessed a considerable upheaval as several major e-commerce players filed for bankruptcy or emerged from financial turmoil. While some retailers, such as Joann and The Container Store, found pathways to recovery, others like Big…
Big Lots Finds a Path Forward After Bankruptcy: A Strategic Transition
In the ever-changing landscape of retail, the struggle to maintain a foothold can be particularly treacherous, as illustrated by the recent journey of Big Lots. The retailer has faced significant hurdles, culminating in a bankruptcy filing. However, a new chapter…
The Container Store: Navigating Bankruptcy and the Future of E-Commerce
The Container Store, renowned for its innovative organizational solutions, has unexpectedly found itself in the challenging position of seeking Chapter 11 bankruptcy protection. On December 22, the retailer filed papers in the Southern District Court of Texas, signaling significant changes…
Ollie’s Buying Up Big Lots Leases; New CEO to Take Reins in February
Ollie’s Bargain Outlet is making notable strides in the retail sector, recently announcing a 7.8% increase in revenue for its third quarter. The company has strategically leveraged former Big Lots locations to fuel its expansion, a move that comes on…
Franchise Group Inc. Faces Bankruptcy: A Cautionary Tale for Retail and E-Commerce
Franchise Group Inc. (FRG), the parent company of well-known brands like The Vitamin Shoppe and Pet Supplies Plus, recently filed for Chapter 11 bankruptcy—an event that signals significant shifts within the retail and e-commerce landscape. With nearly $2 billion in…
Ollie's Acquires Additional Big Lots Stores: A Strategic Move Amidst Retail Turmoil
Ollie’s Bargain Outlet Holdings Inc. recently announced the acquisition of eight more leases for former Big Lots stores, expanding its footprint in the discount retail market. This acquisition follows Big Lots’ filing for Chapter 11 bankruptcy protection in September 2023,…
Protect your profits: How to prevent downtime and maximise Black Friday sales
As Black Friday approaches, retailers are on the brink of one of the most lucrative shopping events of the year. However, with great opportunity comes significant challenges, particularly in the realm of technology. Many retailers are held back by outdated…
Consumers Easing Up on Inflation-Centric Habits: Report
Recent research indicates that consumers are becoming less stringent about their grocery spending habits as inflationary pressures show signs of stabilizing. A survey by the consumer research platform Attest reveals a significant shift in consumer behavior regarding grocery shopping, with…
How to create a customer journey map
The customer journey map is an essential tool for retailers seeking to enhance their connections with customers. It serves as a visual representation of how customers interact with a brand, enhancing the understanding of their needs and expectations at various…
