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Retailer Forever 21 Files for Bankruptcy

Retailer Forever 21 Files for Bankruptcy

by Phil Hall | Mar 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

F21 OpCo LLC, the operator and licensee of the Forever 21 stores in the US, announced on Sunday that it was filing for Chapter 11 bankruptcy. F21 OpCo is responsible for 350 US-based Forever 21 stores. The company stated that its retail locations and website will...
Craft Retailer Jo-Ann to Close All 800 Stores

Craft Retailer Jo-Ann to Close All 800 Stores

by Phil Hall | Feb 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The bankrupt craft retailer Jo-Ann announced it plans to close all its stores. On Feb. 12, the company stated it would close 500 stores. In a new statement, the company spelled out its route to shutting down its entire 800-store chain. “Following a comprehensive sale...
Retailer Forever 21 Files for Bankruptcy

Retailer Forever 21 Plans Store Closures While Mulling Bankruptcy

by Phil Hall | Feb 20, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The retailer Forever 21 is considering bankruptcy and may shutter at least 200 US-based stores as soon as next month. According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” the chain’s US operator, F21 OpCo, is seeking a buyer for...
Auction Planned to Offload Party City Stores

Auction Planned to Offload Party City Stores

by Phil Hall | Jan 3, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A&G Real Estate Partners, the real estate advisor to Party City Holdco Inc., announced plans to auction 695 Party City store leases as the celebrations retailer begins to wind down its operations. Party City announced last month that it was going out of business,...
Bankrupt Big Lots in Deal to Keep Hundreds of Stores Open

Bankrupt Big Lots in Deal to Keep Hundreds of Stores Open

by Phil Hall | Dec 30, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The bankrupt Big Lots Inc. has agreed to a sale transaction with Gordon Brothers Retail Partners LLC that will enable the transfer of Big Lots assets – including stores, distribution centers, and intellectual property – to other retailers and companies. Big Lots...
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