April 17 Webinar Focuses on Distress Retail

CHICAGO, April 15 /PRNewswire/ -- Restructuring professionals who focus on the retail business share the inside story on why there's a "Sale on Everything: The Changing Nature of Distressed Retail," part of the TMA Webinar series sponsored by the Turnaround Management Association. This virtual discussion is on Thursday, April 17, 2008, from noon to 1 p.m. Eastern.

DESCRIPTION:

In March 2008, consumer confidence hit its lowest level in the past five years. Cautious consumers have led to a significant decline in retail spending. The plight of retailers has been exacerbated by the tightening of lending standards, existing heavy debt loads and failed repositioning strategies.

This panel of retail experts will discuss the dramatic rise in bankruptcy filings by national and regional retailers and the trend toward Chapter 11 filings resulting in contracted businesses, going concern sales and, often, outright liquidations. They will focus on the practical issues affecting retail businesses undergoing a Chapter 11 liquidation or reorganization and the real life solutions that have been implemented to address those issues.

PRESENTERS

Moderator: Deborah Piazza, a partner in the restructuring, bankruptcy and commercial litigation group of Hodgson Russ LLP in New York

    Panel:
    -- Michael A. O'Hara, president and managing member of Consensus Advisors
       LLC, in Boston, an investment banking and financial advisory services
       firm exclusively serving retailer and consumer products companies.
    -- Adam C. Rogoff, partner in Cooley Godward Kronish LLP's bankruptcy and
       restructuring practice in New York

BACKGROUND:

The Turnaround Management Association (http://www.turnaround.org) is the only international non-profit association dedicated to corporate renewal and turnaround management. With international headquarters in Chicago, TMA has 8,100 members in 45 regional chapters who comprise a professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants.

CONTACT: Media representatives wishing a press pass to the webinar must make arrangements by noon Central on Wednesday, April 16, with TMA Public Relations Director Cecilia Green, 312-242-6031, cgreen@turnaround.org or Public Relations Manager Michele Drayton, 312-242-6044, mdrayton@turnaround.org. Working journalists/editors only. All others should register online at http://www.turnaround.org