News

Why Gap Is in More Trouble Than You Think

[credit provider=”www.gap.com” url=”http://www.gap.com/”] After a brief pause in trading Thursday, GAP Inc’s February 2013’s numbers are in and, well, they’re deceptively, if not inspiringly, good.To wit: management has reported that “comparable store sales for the month of February increased 3% compared to last year’s 4% rise. Net sales for the month increased […]
Why Gap Is in More Trouble Than You Think
News

The Target-Neiman Marcus Collection Was A Serious Misstep In Strategy

[credit provider=”Neiman Marcus” url=”http://www.neimanmarcus.com/category.jsp?itemId=cat44320738″] The reviews are (somewhat, at least) in: Target’s Holiday collaboration with Neiman Marcus has been, for the most part, a bust. Despite early frantic and excited exclamations the line was “one not to be missed!,” fashionistas and value-shoppers alike were soon decrying the collaboration as “ugly,” too […]
The Target-Neiman Marcus Collection Was A Serious Misstep In Strategy
Tech

Groupon Can Be Revived

[credit provider=”GrouponHK on Facebook” url=”http://www.facebook.com/GrouponHK/photos_stream”] The problem with being a trailblazer is that you become exposed to those who would shoot you in the back. After jaw-dropping growth that propelled the company to an IPO in 2011, daily deals trailblazer Groupon (GRPN) is being assailed on all sides by critics who […]
Groupon Can Be Revived
Tech

Yahoo Is Chasing A Dream By Appointing Marissa Mayer

[credit provider=”Youtube” url=”http://www.youtube.com/watch?v=SCzbtrMY8-U”] Yahoo’s board of directions has settled on another would-be saviour : Marissa Mayer, Google’s Vice President of Location and Local Services. It is hard to not view this development with a sense of foreboding.  Trading at less than 1.5 times book value, Yahoo is a company in desperate need of a turnaround.  The needs […]
Yahoo Is Chasing A Dream By Appointing Marissa Mayer
Strategy

The New Strategy At JCPenney Is A Bad Read Of Its Customers

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:JcPenney.jpgp”] It’s hard to talk this week’s retail news without passing judgment on JC Penney’s recent announcement that, well, everything will be changing for the retailer.On Wednesday, January 25, “Ron Johnson, who oversaw Apple’s retail strategy before starting at Penney this fall, said…that his first steps as […]
The New Strategy At JCPenney Is A Bad Read Of Its Customers
Strategy

Private Equity May Be The Only Way To Save Sears

As restructuring and turnaround advisers and investors, we here at ACM Partners are often asked about the big retail “stories of the day” (meaning companies on the brink of distress). GAP, Tiffany & Co., and now Sears and Kmart are the most recent “big cases” we’ve received the majority of […]
Private Equity May Be The Only Way To Save Sears
Markets

Here’s Why Kodak’s Bankruptcy Could Be The Beginning Of A Turnaround

[credit provider=”flickr / Roadsidepictures” url=”http://www.flickr.com/photos/roadsidepictures/307113155/”] Eastman Kodak (EK), once among the preeminent companies in the U.S., is reportedly preparing to file for chapter 11 bankruptcy.  This is a sad but not entirely unexpected development. In October I wrote on the evolving situation at Eastman Kodak, noting that in distressed situations there […]
Here’s Why Kodak’s Bankruptcy Could Be The Beginning Of A Turnaround
News

The Largest Municipal Bankruptcy In US History Is A Harbinger Of Things To Come

[credit provider=”fables98 via Flikr”] The byzantine multi-step deal meant to keep Jefferson County out of bankruptcy has fallen apart, and the county is now the largest municipal bankruptcy in U.S. history. The situation in Jefferson County has been a slow-moving disaster for some time, but from the moment the tentative deal […]
The Largest Municipal Bankruptcy In US History Is A Harbinger Of Things To Come
News

Harrisburg City Council Might Not Make That Bond Payment

[credit provider=”flickr / Clement.Meynier” url=”http://www.flickr.com/photos/clementmeynier/6014756035/”] The Harrisburg, PA city council was faced with a simple choice on Wednesday: vote to support Mayor Linda Thompson’s rescue plan (strongly endorsed by Governor Tom Corbett) or reject the mayor’s plan and face the loss of all decision-making authority. Harrisburg is out of good options […]
Harrisburg City Council Might Not Make That Bond Payment
Markets

Commercial Real Estate Endgame: $1.7 Trillion In Maturities Through 2015

[credit provider=”flickr / Opus D3″ url=”http://www.flickr.com/photos/opus99/3828159874/”] Urdang Capital Management has come out with a white paper, “The Great Recapitalization: Maturing Mortgage Debt Wave Creates Value Opportunities”, that is a must-read for anyone interested in the emerging trends in the U.S. commercial real estate (CRE) market. Authors David Blum and David Rabin […]
Commercial Real Estate Endgame: $1.7 Trillion In Maturities Through 2015