Wayne, Pa. — Pet Valu, Inc., a specialty retailer of pet food and supplies in the United States, plans to commence a wind down of its operations due to severe impact from COVID-19. The company expects that all of its 358 stores and warehouses in the Northeastern and Midwestern U.S., as well as its corporate office in Wayne, Pa., will close by the end of the wind-down process. Pet Valu U.S. licenses its name and contracts for certain services from Pet Valu Canada, which is a separate company based in …
A&G Realty Partners
Fort Worth, Texas — Pier 1 Imports, Inc. is pursuing a sale of the company. To facilitate an orderly sale process and implement the PSA, the company and its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Virginia. The company also intends to use this process to complete the previously announced closure of up to 450 store locations, which includes the closure of all its stores in Canada. To date, the company has closed or initiated going-out-business sales at over 400 …
Mahwah, N.J. — Dressbarn, a women’s apparel retailer, plans to eventually close all 650 of its stores nationwide. The New Jersey-based company is winding down its retail operations and plans to assist its 6,800 associates with transition support as individual stores close. “For more than 50 years, Dressbarn has served women’s fashion needs, and we thank all of our dedicated associates for their commitment to Dressbarn and our valued customers,” says Steven Taylor, Dressbarn’s chief financial officer. “This decision was difficult, but necessary, as the Dressbarn chain has not been …
Melville, N.Y. — Former Sears Holdings and Ashley Furniture real estate and M&A executive Jim Terrell has joined A&G Realty Partners as a senior managing director.
Melville, N.Y. — A&G Realty Partners has been retained by RadioShack to manage the sale of retail store leases and warehouses following the company’s recent Chapter 11 bankruptcy filing.
Melville, N.Y. — A&G is currently accepting bids on approximately 200 retail stores and ALCO’s former company headquarters.
Melville, N.Y. — The stores that will close were chosen based on location, area demographic, lease life and financial performance.
New York City — The company filed for Chapter 11 bankruptcy protection on Dec. 15, 2013.
Melville, NY — A&G Realty Partners has been retained by Charming Shoppes, Inc. to manage the resolution of all remaining Fashion Bug real estate leases in the United States.