June 2021
Feature Article
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From ‘Apocalypse’ to Pandemic: Retail in the Age of COVID and Beyond
In an article in this publication in 2019, we discussed the “retail apocalypse” and how lenders, turnaround professionals, and other stakeholders could adjust to the new normal in retail. Just over a year later, a global pandemic hit, and everything changed—again. The retail industry has endured several challenges since the start of the global pandemic. […]
More from this Issue
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The Retail Industry’s Lessons in Resilience
In this month’s issue of the Journal of Corporate Renewal, we turn to the retail industry. Over the past year, we saw the COVID-19 pandemic not only create new challenges for the industry but also exacerbate existing industry headwinds and shifting consumer habits. The upshot is that we saw the resilience of the industry as […] -
A Global Perspective on TMA’s Next Chapter
With the darkest days of a challenging year behind us and light that is just peaking over the horizon, things are looking bright. At TMA, we are ready to emerge to take on the new normal just as we did the “normal” that the last year thrust on us. Taking a page from the darkest […] -
Welcome Back, Retail! (or at least most of you)
With retail being this month’s JCR focus, the theme of “opening back up” is clearly front and center. While TMA’s strong leadership made the difficult yet important decisions to move TMA to the virtual world, opening back up to TMA “business as usual” has its own set of complexities. As a leadership team, we know […] -
From ‘Apocalypse’ to Pandemic: Retail in the Age of COVID and Beyond
In an article in this publication in 2019, we discussed the “retail apocalypse” and how lenders, turnaround professionals, and other stakeholders could adjust to the new normal in retail. Just over a year later, a global pandemic hit, and everything changed—again. The retail industry has endured several challenges since the start of the global pandemic. […] -
The Role of Restructuring Advisors in Refinancing Transactions
The oft-touted “retail apocalypse” has resulted in a large number of retailers seeking Chapter 11 protection. This wave of Chapter 11 filings has been attributed to a number of factors, including the rise of online and direct-to-consumer retail, a shift in retail preferences, and, of course, the COVID-19 pandemic. However, Chapter 11 filings do not tell […] -
Neiman Marcus Offers Lessons for Retail Restructuring in the COVID-19 Era
As the COVID-19 pandemic continues to wreak havoc on the economy, corporate restructuring has provided a strategic alternative for many retailers. Coming as it did amid an already fragile retail environment, the pandemic pushed more than three dozen retailers into Chapter 11 bankruptcy in 2020, representing an 11-year high.1 While the COVID-19 crisis has forced […] -
Rethinking Movie Theaters Amid Blockbuster Challenges
Stagnating attendance, high fixed costs, and mounting debt have long challenged the exhibitor industry. Consumer habits have continued to change as home theater equipment has become more affordable and newer streaming and video-on-demand (VOD) options have entered the marketplace. In addition, streaming and VOD companies, with high amounts of cash to spend, have begun to […] -
UK Restructuring Plans May Become Preferred Retail Restructuring Process
Consumer-reliant sectors in the UK, such as retail, leisure, and hospitality, have been significantly, and potentially permanently, impacted by government lockdowns and movement restrictions related to the COVID-19 pandemic, as evidenced by the range of high-profile insolvencies in the past 12 months. A host of commentators have estimated that in excess of 15,000 retail shops […] -
Taking Destiny into their Own Hands: Landlords Purchasing Distressed Retailers
The last decade has been enormously transformative for the retail industry. The soaring popularity of e-commerce, shifts in consumer behavior and demographics, and declining store foot traffic have pushed many traditional brick-and-mortar retailers to the brink, and some were tipped over into bankruptcy, including household names like Sears and Toys R Us. The already ailing […] -
History Buff: Mary D. Bucci
Q: How did you gravitate into turnaround and restructuring work? Bucci: It was part timing and part initiative and flexibility. I began my career at what was then the Banking & Finance Department of Brown Rudnick in September of 1999. There were almost two years of robust, front-end, healthy lending deals. But then the economy became […] -
Milestones
Andrew (Andy) Cerussi has joined the Boston office of Tiger Financial LLC, an affiliate of Tiger Capital Group, as a managing director, and Eric Schloemer has been promoted to director of business development for Tiger Group in Chicago. Cerussi is a 20-year veteran of the asset-based lending and financial services industries and focuses on identifying […] -
Newcomers: June 2021
Arizona Robert M. Blue, Citizens Bank Jacqueline M. Hein, Nautilus Venture Partners Brian Jung, Verigility Jyotika Menon Atlanta Joseph A. Massaroni, Gordon Brothers Samuel W. Park, Northeastern University Jake Siegel Jeff Stirling, Cadence Business Finance California – Southern Nicole E. Fink, American University Jordan A. Fink Bronte Golick, The Wharton School | University of Pennsylvania Mary Lee-Wlodek, Proactive […]
Snapshot Article
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October 15 – 18, 2024
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