There is no question that we are living through the most dynamic U.S. retail environment since Wal-Mart rolled out nationwide in the 1990s. This time, it’s not a better operator dominating in head-to-head competition, but rather the tipping point of digital commerce and the advent of fast fashion...
The retail industry was once dependent on store count and improving same-store sales to drive growth. Fast forwarding to 2015, when Amazon is ranked among the top 10 U.S. retailers, the most widely used buzzword of the year is “omnichannel,” and a retailer could potentially abandon generations of...
Against the backdrop of a U.S. retail landscape that some estimate provides over 50 square feet of retail space per person, 1 store closures remain an almost daily feature of retail news. From department stores to fast fashion, retailers across the U.S. are grappling with the challenge of deciding...
Today’s retailers face unprecedented challenges in the marketplace as they confront the evolution of not only customer shopping patterns, but also how retail is defined. Historically, top tier retailers thrived because they had the best locations and offered desirable merchandise at a great value...
As a veteran investment banker the author knows is fond of saying, “Retail isn’t rocket science—it is nowhere near that simple.” What retailers do have going for them, however, is the real-time performance reviews they receive from their true bosses—the frontline consumer. To satisfy increasingly...
After three years of study, the ABI Commission to Study the Reform of Chapter 11 issued its “Final Report and Recommendations” December 8, 2014, setting forth its findings with respect to suggested improvements to Chapter 11 of the U.S. Bankruptcy Code. Among other areas for possible reform, the...
Hernan Serrano © 2015 Victor Chu Photography, victorchuphoto.com
Hernan Serrano has over 25 years of experience in litigation, corporate recovery, turnaround management, and restructuring. He has worked as a financial advisor to law firms, investment banks, accounting firms, commercial banks, asset-based lenders, financial advisors, and corporations. He also has...
Milestones
Marchand Boyd has joined East West Bank in Pasadena, California, as a vice president and relationship manager. He brings extensive knowledge of business innovation and depository solutions with specialized support services for the professional fiduciary. Maria Chiang has joined Trade Finance...
Newcomers
Alabama Philip Arthurs, 
 Warren Averett Turnaround Advisors LLC Cody R. Birdwell Arizona Aaron Biggers, 
 Aaron Brothers Enterprises Inc. Craig Hansen, 
 Squire Patton Boggs (US) LLP Carl B. Osberg California - Northern Sally Sheehan, Wells Fargo Bank NA California - Southern Kissi Bamfo, 
...
Reflections
For those of us in the trenches of lower middle market special situations, there are signs of a coming disturbance in the Force. No one knew what the disturbance was at the beginning of 2007, but we soon found out it was subprime mortgages. Who knew in 2007 that my old employer, National City Bank...