Khaled Alameldin的动态

On Monday, discount retailer Big Lots official filed for Chapter 11, although the company is hoping to avoid the path of fellow retail chains 99 Cents Only Stores and furniture retailer Conns, which have had to liquidate in bankruptcy. Discount chains have faced a tough retail environment this year, with Lumber Liquidators, Bob’s Stores, JOANN and The RoomPlace Furniture and Mattress also commencing Chapter 11 cases. With $556m in funded debt, Big Lots is the third largest of those major Chapter 11 cases, behind Express and JOANN. Sarah Foss, our Global Head of Legal, shared her thoughts with CNN Business on what the future may hold for the retailer, and you can also read our full Debtwire report here: https://lnkd.in/e45Z9M_C ?#retail #bankruptcy #BigLots

It was less than a year ago when Casey's acquired Douglass Distributing and its Lone Star stores, giving Casey's a position in the coveted DFW market. As far as deals go, that transaction was relatively modest but critically important. Douglass and its Lone Star properties were run by the venerable Bill Douglass and his son; and his daughter, Diane McCarty, had crafted an excellent moderate-size retail chain https://lnkd.in/ewer2-qx. I reference that deal because it was a pacesetter for today's significant deal, in which Casey's is acquiring the nearly 200-unit CEFCO network run by the Fikes family. This, coupled with Yesway's major investment in the Dallas-Ft. Worth market and 7-Elevens purchase of Cal's, now makes this market one of the most hotly contested... will be fascinating to watch as the 3 heavyweights operate very different business models. #cefco #caseys #yesway #lonestar #7eleven

Between Big Lots announcement earlier this week (they said they will be closing 35-40 stores before the end of the year… BUT more troubling… said over 300 units are unprofitable… AND issued a “going concern” warning—90% to 95% of the chains I have tracked the last 20 years have ended up in Chapter 11 within three months of such announcements), the news from appliance and electronics player Conn's HomePlus is challenging to those of us in the #retail #realestate space. These tidbits will, of course, be reflected with thousands of others (#growth plans, bankruptcies, #mergerandacquisitions, etc.) in the August update of #theBrownBook Reference Guide to #Retail and #Restaurant #Tenants. We are hoping Big Lots closures will be limited to numbers they are currently quoting but doubt it and suspect they will be national. For Conn's HomePlus will be largely in the Mountains, Midwest and Southern states. If there is a silver lining it is that there are two tenant streams currently that have a healthy pipeline of #retailers looking for space and those are <5K SF and those in the 20K to 35k SF range. If you want a comprehensive guide for who is looking for what, you might want to subscribe to the Brown Book. https://lnkd.in/gEqAuGrm

Dollar Tree goes bargain shopping: Why did the company acquire 170 stores from the bankrupt 99 Cents Only Stores after planning to close nearly 1,000 of its own stores? ? Dollar Tree posted a surprise loss in its final quarter of 2023 and announced the closure of nearly 1,000 stores, most of them Family Dollar locations that it acquired a decade ago for over $8 billion. So why has it just secured leases for 170 former 99 Cents Only Stores across Arizona, California, Nevada, and Texas? Along with the former 99 Cents Only Stores, Dollar Tree will acquire the company’s North American intellectual property and select on-site assets. These locations will be reopened as Dollar Tree stores as early as this fall. Family Dollar has underperformed Dollar Tree and other discount chains in recent years. The acquisition of 99 Cents Only Stores’ leases out of bankruptcy gives Dollar Tree a cheaper way to grow rather than building new stores and helps the Virginia-based chain extend its reach on the West Coast. The acquisition was finalized in May with approval from the U.S. Bankruptcy Court, and B. Riley Real Estate advised Dollar Tree. After 99 Cents Only Stores filed for Chapter 11 bankruptcy in April, it began liquidating assets. ?? Click link for details: https://lnkd.in/gTuAgJ-7 #NNN?#retail?#realestate?#investment?#investing?#commercialrealestate?#property?#passiveincome?#cre?#investor?#realestateinvesting?#commercialproperty?#netlease?#retailrealestate?#dollartree #99centsonly

??BREAKING NEWS?? The beloved 99 Cents Only Stores has made a heartbreaking announcement, sending shockwaves through the bargain-hunting community. ?? In a surprising move, they've filed for Chapter 11 bankruptcy, signaling the end of an era for this iconic discount retailer. With the closure of all 371 stores across California, Texas, Arizona, and Nevada, we're left wondering about the future of discount retail and the struggles faced by brick-and-mortar stores in today's economic landscape. ?? Read more about this significant development in my latest blog post. #99CentsOnlyStores #Bankruptcy #RetailApocalypse https://lnkd.in/gGCneTUh

From high-level management errors to disruptions caused by the pandemic, major retailers such as Express, Rue21, and Bed Bath & Beyond have all filed for bankruptcy. Read about recent notable retail bankruptcies. https://loom.ly/lDyMfMY #majorretailers #retailers #bankruptcies

As the retail landscape evolves, so do the stories of resilience and reinvention. The recent article from TheStreet by Daniel Kline sheds light on the ever-changing dynamics of retail chains and their potential for revival even in the face of liquidation. In the midst of transitions, the narrative of 99 Cents Only Stores takes center stage. While the company has embarked on a journey of winding down operations, a glimmer of hope emerges with a consortium led by former value retail chain executive Mark J. Miller. Miller, along with a group of investors, envisions not just a revival but a transformation for 143 Southern California stores. Their plan? To rebrand with a ‘treasure hunt’ style, igniting a new era for this iconic brand deeply rooted in Southern California communities. Beyond commerce, 99 Cents Only Stores has been a staple, offering affordable options and fresh produce to its diverse clientele since 1982. Miller’s commitment underscores the importance of preserving this connection and serving communities that rely on these stores. Amidst Chapter 11 bankruptcy proceedings, Miller’s bid faces hurdles, yet his determination remains unwavering. With a belief in the brand’s significance and the communities it serves, Miller continues to navigate towards a brighter future for 99 Cents Only Stores. #HalifaxWest?#WinTogether?#capitaladvisory?#MandA?#restructuring?#operatingadvisory #RetailRevival #CommunityResilience #99CentsOnlyStores #TransformationInProgress Read more here: https://lnkd.in/g6w3HUag

IN CLOSURE NEWS... The Trials of Dollar Stores: A Retail Saga ?? In the realm of retail, the past month has been tumultuous for two prominent US dollar store chains. Family Dollar has announced the closure of nearly 1,000 stores, while 99 Cents Only Stores has declared its closure, citing a myriad of challenges. Amidst a backdrop of inflation and shoplifting woes, both companies have faced a relentless onslaught of difficulties. Yet, beneath the surface, lies a deeper narrative of strategic missteps and underinvestment that have plagued their journey. Family Dollar, with its 8,000 stores primarily in urban areas, has struggled since its acquisition by Dollar Tree in 2015. According to Neil Saunders of GlobalData Plc, the aftermath of the acquisition has left Dollar Tree Stores grappling with the fallout, unable to completely reverse the tide. Similarly, 99 Cents Only, based in the West Coast and Texas, has grappled with its own set of challenges, including inefficient store sizes and strategies that fell short of expectations. Despite these setbacks, hope remains. With a new CEO and management team at Family Dollar, and strategic shifts in pricing and product offerings, there's optimism for a turnaround. Similarly, 99 Cents Only's bankruptcy filing marks a new chapter, as the company seeks to navigate the ever-changing landscape of discount retail. While the road ahead may be fraught with challenges, the resilience of these chains underscores their potential for revival. As Dollar Tree CEO Rick Dreiling asserts, "A well-run and well-located Family Dollar store is a powerful retail force." Los Angeles Times with the full story - https://lnkd.in/eSJyUJf7 ?? *** #Retail #Closures #Bankruptcy #DollarStores #FamilyDollar #99OnlyStores