January/February 2022
Feature Article
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Foot Traffic Data: The Missing Link in Retail’s Big Data Equation
“Retail is dead.” Professionals hear this phrase so often that some start to believe it. The authors’ research confirms that change is taking place across the sector but suggests an element that can fuel growth: traffic. Online retailers (e-coms) have been improving their user experience over time. Consumers buy more online, compare prices less often, […]
More from this Issue
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What’s Next for Beleaguered Retailers?
As I pen this guest editor’s column for the Journal of Corporate Renewal’s retail restructuring issue, it is the first week of 2022. At this time of year, I always reflect on the previous year—what happened across the globe, in restructuring, in retail, and in my practice. In 2021, I left my colleagues of 20 […] -
Embracing Disruption
February in TMA Nation is always a gleeful time, with the depths of winter being relieved by the great gathering that our Distressed Investing Conference always promises to be. This year will be no exception and, in some ways, will be even more interesting than ever before. Interesting in that our world is still managing […] -
Connecting Our Global Community
As we flip the page to a new year on our calendars, so too does TMA usher in its new volunteer leadership team, and I am honored and privileged to serve as your 2022 TMA Global President. As an active TMA member and volunteer for more than 15 years, I know first-hand the value of […] -
Foot Traffic Data: The Missing Link in Retail’s Big Data Equation
“Retail is dead.” Professionals hear this phrase so often that some start to believe it. The authors’ research confirms that change is taking place across the sector but suggests an element that can fuel growth: traffic. Online retailers (e-coms) have been improving their user experience over time. Consumers buy more online, compare prices less often, […] -
Looking Backward for Clues in Preparing for the Next Retail Cycle
These days, turnaround professionals are divided into two camps: on the one hand, there are those arguing that the next big wave of retail restructurings is just around the corner as the full economic fallout from the global pandemic takes its toll and government stimulus starts to fade away; and, on the other hand, there […] -
The Circular Retail Revolution and Four Trends Changing Retail Forever
The retail industry is one of the most dynamic and demanding aspects of the economy, as evolving consumer habits and technology continually change the way consumers shop. For years, retail business models were primarily driven by paradigm shifts in globalization, digitization, omnichannel, and just-in-time thinking. However, the emergence of the COVID-19 pandemic has transformed the […] -
Supply Chain Issues May Spur More Retail Bankruptcies In The Year Ahead
As most restructuring professionals would attest, 2021 was a historically slow year for corporate bankruptcy filings. Across the industry, filings in all chapters were down almost 25% from 2020 levels, and November 2021 recorded the fewest cases with a $10 million liability threshold since 2015. While the early stages of the global pandemic brought a […] -
Lenders’ Security Interest in UCC Accounts May Unlock Value in Retail Bankruptcy Cases
Secured term loan and revolver lenders in retail bankruptcy cases often leave money on the table because they do not understand how their security interests in a debtor’s “accounts” under the Uniform Commercial Code (UCC) extend to the proceeds of sale of a debtor’s real property interests, including leases, lease designation rights,1 and real property […] -
Why Mixed-Use Real Estate Owners Should Detail All Factors Contributing to Their Distress
For owners of retail and mixed-use real estate facing distress, it is tempting to blame their economic woes solely on the COVID-19 pandemic. This explanation is attractive because it leaves them blameless, is seemingly self-evident, and does not compel them to justify their past actions or explain declines in revenue to their lenders, investors, or […] -
Why the Expected COVID Restructuring and Bankruptcy Boom Fizzled—But May Soon Materialize
In late March 2020, as the potential extent of devastation brought on by the COVID-19 pandemic was becoming clear, a headline in The New York Times declared: “Scary Times for U.S. Companies Spell Boom for Restructuring Advisers.” There were more than 8,000 permanent brick-and-mortar store closures in 2020 and upwards of 25,000 temporary store closures, […] -
The Distressed Investing Conference: Hitting It Big in Vegas
All successful ventures start as a germ of an idea, including TMA’s most efficacious conference, the Distressed Investing Conference (DIC). Fifteen years ago, during a break at a non-TMA conference, then-TMA Global President Colin Cross, Executive Board Member David Mack of the Pathfinder Group, and I wondered why TMA didn’t put together a conference that […] -
Newcomers: January / February 2022
Alabama Logan Gewin Jr., Clintwood JOD LLC Arizona Tanner Tuohy, Resolute Commercial Services Atlanta Heather Dean, Growth 1776 Northern California Jarrett S. Osborne-Revis Armello Rodriguez Nicholas T. Tsitsos Alexander Wang Southern California Andrew Fohrer, Riverside Company Maryanne Lenardo, Gibraltar Business Capital Durien Sanchez, Gordon Brothers Group Olivia Scott Nikhil Vaidya Carolinas Melanie D. Johnson Raubach, Hamilton Stephens Steele + […]