Rtw Retailwinds Inc (RTW)
As pandemic stretches on, retail bankruptcies approach highest number in a decade
The parent companies of Lord & Taylor and Men's Wearhouse are the latest retailers to be bankrupted by temporary closures during the pandemic.
These retailers filed for bankruptcy in 2020
A number of retailers were already teetering on the brink of collapsing prior to the coronavirus pandemic slamming the industry.
Mall owner Simon and Authentic Brands make $305 million bid for bankrupt Brooks Brothers, aiming to keep over 125 stores open
Simon, which is the biggest U.S. mall owner by the number of malls it operates, had already teamed up with ABG to supply financing to carry Brooks Brothers through its restructuring, as the retailer searched for a buyer.
RTW Retailwinds to sell e-commerce business (NYSE:RTW)
RTW Retailwinds (RTW) expects to receive hard bids for its e-commerce business before July 23, according to Bloomberg.At a bankruptcy hearing, attorneys indicated that an orderly wind-down and liquidation of the brick-and-mortar stores is anticipated.Amid pandemic pressures, the list of retailers filing for bankruptcy since May now includes RTW, Lucky Brand, J.C.
RTW Retailwinds files for bankruptcy (NYSE:RTW)
Another mall chain is going to close up shop, with RTW Retailwinds (NYSE:RTW) filing for Chapter 11 bankruptcy in New Jersey.
New York & Co. owner RTW Retailwinds files for bankrtupcy, to close hundreds of stores
New York & Co. parent company RTW Retailwinds announced Monday it had filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores.
Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%
The retail sector's first-quarter operating income fell 57.7% compared to last year, marking the worst quarter on record.
RTW Retailwinds suspended from trading on NYSE (NYSE:RTW)
RTW Retailwinds (NYSE:RTW) received a confirmation that NYSE will apply to SEC to delist the company's common stock.Trading was suspended on July 6 as the company's average market capitalization over a consecutive 30 trading-day period was less than $50M and its stockholders’ equity was less than $50M.The Company has experienced substantial and recurring losses from operations and has been considering available options including restructuring its obligations or seeking protection under the bankruptcy laws.Previously: New York & Co.
RTW Retailwinds, Inc. Announces Suspension of Trading on NYSE; Common Stock Now Trading on OTC Pink
Daunting road for distressed retail as COVID hotspots emerge (NASDAQ:ASNA)
The fragile apparel and restaurant sectors are facing another negative few weeks of COVID-19 developments as cases soar. A record level of hospitalizations in Texas tied to the virus has already prom
Daunting road for distressed retail as COVID-19 hotspots emerge (NASDAQ:ASNA)
The fragile apparel and restaurant sectors are facing another negative few weeks of COVID-19 developments as cases soar. A record level of hospitalizations in Texas tied to the virus has already prom
RTW Receives Continued Listing Standard Notice from the NYSE.
Bankruptcy-trade stocks pop, but well off premarket highs (NYSE:HTZ)
Stocks in bankruptcy jump higher premarket in volatile trade on renewed enthusiasm for Hertz and for new entrant GNC.Hertz (NYSE:HTZ), up 13% before hours, GNC (NYSE:GNC) up 58% and Retailwinds (NYSE:
New York & Co. parent on verge of bankruptcy - Bloomberg (NYSE:RTW)
RTW Retailwinds (NYSE:RTW), parent of the New York & Co. discount apparel retailer, is preparing for a bankruptcy filing that would include plans to shut all of its 387 stores, Bloomberg reports.R
New York & Co. Parent Preparing Bankruptcy That Shuts All Stores
The parent of New York & Co. is preparing for a bankruptcy filing that would include plans to shut all of the discount apparel chain’s stores, according to people with knowledge of the matter.
RTW Retailwinds could be next mall player to fall (NYSE:RTW)
RTW Retailwinds (RTW) warns about its ability to continue as a going concern and that the company needs more time to prepare its 10K filing. The company says the 10-K will reflect the potential for a
New York & Company owner RTW Retailwinds warns bankruptcy filing imminent
New York & Company parent RTW Retailwinds on Wednesday morning warned about its ability to continue as a going concern, and that it might be preparing to file for Chapter 11 bankruptcy protection, hit hard by the Covid-19 crisis.
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Tailwinds suddenly for RTW Retailwinds (NYSE:RTW)
RTW Retailwinds (RTW +45.4%) shoots up after the company discloses that it's in the process of evaluating strategic alternatives. The company has hired outside consultants to serve as advisors amid t
RTW Retailwinds, Inc. Provides Update on COVID-19 Response Initiatives
RTW Retailwinds plunges 18.2% post Q4 results
RTW Retailwinds (RTW -18.2%) reports Q4 revenue decrease of 9.4% Y/Y to $224M.Comparable store sales decreased 7.4%, representing a decline in the Company’s brick-and-mortar business.Gross margin decl
RTW Retailwinds, Inc. Announces 2019 4th Quarter and Full Year Results