January/February 2023
Feature Article
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Three Issues to Navigate to Avoid a Retailer’s Liquidation
Retail reorganizations fail at an alarming rate. While nearly half of all large retail Chapter 11 cases that begin with aspirations of reorganizing ultimately liquidate, only a small fraction of mega cases in other industries end in a liquidation. As a result of the retail business model and certain requirements of the U.S. Bankruptcy Code, the fate […]
More from this Issue
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New Year, Familiar Challenges for Retailers
As I pen my guest editor column for this edition of the Journal of Corporate Renewal focused on retail, it is the first week of 2023, and retail is once again challenged. Inflation is high, consumer confidence is down, and inventory levels remain challenged. A number of large retailers appear to be close to filing […] -
Being Part of Something Bigger
As we journey into 2023 and meet the challenges that lie ahead in managing through the truest of economic uncertainty in some time, the one certainty we can count on is the wealth of resources and opportunities available through TMA. During the past several months, we have highlighted the meaning of that one connection that […] -
A World of Deal-Making and Restructuring Opportunities: You Are Part of Something Bigger
I am extremely honored, excited, and humbled to serve as TMA Global President for 2023. Like many of you, TMA has always been tremendously rewarding and beneficial to my professional business development and in building so many close personal friendships. I am fortunate to have had the opportunity to serve in various TMA Global and chapter […] -
Three Issues to Navigate to Avoid a Retailer’s Liquidation
Retail reorganizations fail at an alarming rate. While nearly half of all large retail Chapter 11 cases that begin with aspirations of reorganizing ultimately liquidate, only a small fraction of mega cases in other industries end in a liquidation. As a result of the retail business model and certain requirements of the U.S. Bankruptcy Code, the fate […] -
Customer Acquisition and Connection in the Evolving Retail Environment
According to the U.S. Census Bureau, e-commerce sales (internet shopping and mail order) made up roughly 5.4% of retail sales in October 2000, excluding autos and gas stations.1 That figure has risen steadily and is now close to 21% (Figure 1). Since the dot-com bubble burst in 2000 and retailers hurried to get ready for Y2K, […] -
Examining Recent Cycles for Clues to What Lies Ahead for Retailers
The retail sector continues to experience rapid innovation and disruption, reflecting an ongoing transformation of consumer behavior and preferences that affects how and for what people shop. Pressure is continuing to mount for retailers heading into 2023—liquidity is falling as inventory and working capital costs rise, labor and input prices continue to grow, and stress […] -
The Big Reset: Simplification of End-to-End Retail in Response to Increasing Inflation
Many retail organisations have gone through a significantly turbulent period, working hard to keep the lights on. For the last 12 to 18 months, they have been coping with supply chain issues, pricing optimisation after-effects, and systems producing information that still does not help them with understanding how their customer’s behaviours are changing—from what they […] -
Recent Appellate Decisions Spotlight Split on Postpetition Interest for Unimpaired Creditors
A recent wave of key decisions has placed a spotlight on an issue that has divided courts for years. That is, whether unimpaired creditors are entitled to postpetition interest in solvent debtor cases and if so, the appropriate rate of interest that should apply. Since these issues were last visited in the Journal of Corporate Renewal,1 […] -
Volunteers CARE About Improving Young People’s Financial Literacy
A larmed by what he saw as rampant financial illiteracy passing through his courtroom day in and day out, former U.S. Bankruptcy Judge John C. Ninfo decided he had to try to do something about it. In 1997, he began visiting classrooms to share stories of the devastating consequences of poor financial choices that he saw […] -
Newcomers: January/February 2023
Arizona Brandon Banks, MCA Financial Group Ltd. Andrew Short Atlanta Russell Robinson, Moore Colson Nicholas E. Wright California – Northern California Andrew McCarthy Charles J. Mellor California – Southern California Matthew DeRoos, Balmoral Funds LLC Caven A. Hamilton, University of Southern California, Gould School of Law Michael Lipkin Chris Manderson, Wolfgang Holdings LLC Neisha Pereira, United Capital Funding […]