From this side of the pond.

"John Lewis Partnership (JLP) has cut its annual staff bonus to the lowest level in 64 years after profit plunged at the group, which owns Waitrose and a chain of department stores."

But no need to fear, they have a plan.

"Ideas include training shop staff to promote the department stores through their personal Twitter and Instagram feeds"

https://www.theguardian.com/business/2018/mar/08/john-lewis-cuts-staff-bonuses-as-profits-dive-77-percent-weaker-pound-waitrose

Claire's files for bankruptcy

http://money.cnn.com/2018/03/19/news/companies/claires-bankrupt/index.html


<added. Lots of empty commercial sq ft that nobody needs>

Loss of Toys R Us impacts many outside the company

http://www.roi-nj.com/2018/03/16/opinion/loss-of-toys-r-us-impacts-many-outside-the-company/

UK:

Debt levels put House of Fraser future in doubt after takeover talks collapse

QuoteThe industry has been hit by a flurry of casualties in recent days with Mothercare, Carpetright, Bargain Booze owner Conviviality, and New Look, all forced to seek help.

https://www.telegraph.co.uk/business/2018/03/25/debt-levels-put-house-fraser-future-doubt-takeover-talks-collapse/

Oooh, not good news. House of Fraser is one of my favorite stores for ordering things from the UK.

Simon Black thinks Tesla is skating on thin ice:

https://www.sovereignman.com/trends/tesla-without-any-doubt-is-on-the-verge-of-bankruptcy-23219/

Tesla's burn rate is infamous and it has always been flirting with bankruptcy. There was one point where Musk himself brought his personal worth to basically zero to make payroll.

But here's the thing about that "absurd" pay package mentioned in the article. That's the maximum he gets and he only gets it if he meets every milestone on the road to taking Tesla from $54b valuation to $650b, roughly a 12-fold increase in ten years. If he fails to do that, he does not collect any salary at all for those years (though of course he still keeps his stock, so if it goes from $54b to $53b he's still a very rich man).
http://money.cnn.com/2018/03/21/investing/elon-musk-tesla-pay-package/index.html

The one criticism is that the fundamental milestone is based on market cap, not revenue or profits. So he could lose money for 10 years, drive the valuation up to $650b and get his full pay. That said, there may be milstones in there based on revenue or profits. I don't know the details

pre-bankruptcy

H&M's Pile of Unsold Garments Grows as Earnings Plunge

https://www.bloomberg.com/news/articles/2018-03-27/h-m-profit-plunges-to-16-year-low-as-clothing-chain-loses-allure

GNC plans to close 200 stores

https://www.wpxi.com/news/top-stories/gnc-plans-to-close-200-stores/739600776

Quote from: rcjordan on May 03, 2018, 04:23:11 PM
GNC plans to close 200 stores

https://www.wpxi.com/news/top-stories/gnc-plans-to-close-200-stores/739600776

I can imagine the Amazon Effect has hit hard.  Plus they are over priced on merchandise.

Brookstone files for bankruptcy, will close all mall stores

https://www.usatoday.com/story/money/2018/08/02/brookstone-chapter-11-bankruptcy/888040002/

You need to set up the retail morgue rc.

David's Bridal stops payment as private-equity owner seeks finance deal

http://www2.philly.com/philly/blogs/inq-phillydeals/davids-bridal-stops-payment-as-private-equity-owner-seeks-finance-deal-20181019.html


Facebook will have a meltdown when they pull the plug on David's Bridal.  I'm not sure the intertubes will be able to withstand the firepower of 200,000 livid brides-to-be.

My favorite CEO said to me at least a decade ago:

"Alfred Angelo is my competitor. David's Bridal is my enemy."

Now one is gone and the other is wobbly.

This is not actually good news, because the last thing that independent bridal businesses need right now is David's selling things off at going-out-of-business prices.

Quote from: rcjordan on March 02, 2018, 03:48:20 PM
Radio giant iHeartMedia poised to file for bankruptcy

http://www.masslive.com/entertainment/index.ssf/2018/03/radio_giant_iheartmedia_poised.html

And then they buy a 5% stake in High Times for $10 million.
https://www.marketwatch.com/story/iheartmedia-to-invest-up-to-10-million-in-high-times-2018-10-03

GE slashes dividend to a penny to fix debt-riddled balance sheet - CNN
https://www.cnn.com/2018/10/30/investing/ge-dividend-cut-earnings-culp/index.html