Summary: While Loves Furniture claimed that Covid-19-related supply chain disruptions were behind its financial challenges, its bankruptcy filings revealed that warehousing and inventory problems, which led to lost furniture, unhappy customers, and canceled orders, were also to blame. The furniture cha...
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On the heels of an array of fashion and retail bankruptcy filings that began to unfold over the course of the year in 2016, New York-based designer Bibhu Mohapatra and retailers The Limited, Wet Seal, and Payless all made headlines when they filed for Chapter 11 protection in early 2017. ...
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Small firms, big problems Even though number of bankruptcy filings dip, start-up firms dominate listKathy McCabe, Globe Correspondent
The company recently revealed in bankruptcy court documents a list of more than 130 additional locations it may want to close if it's unable to renegotiate their leases. In the filings, Red Lobster listed locations where it wishes to reject the leases beca...
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The retailer’s total debt, according to its bankruptcy filings, sits at $253.9 million. Meanwhile, sales have been declining — in fiscal 2016, they fell by 13.5% to $468.9 million compared to the prior-year period. Losses, too, have been widening, from 75 cents a share in 2015 to $...
"They will slow if for no other reason than a lot of the most troubled retailers have already filed bankruptcy like Toys R Us, Bon-Ton, and of course Sears." As we did last year, we are keeping a close watch on retail bankruptcies. Below is a list of the major filings of this ...
The Quebec-based accessories brand,Bizouwill close around 30% of its retail locations, according to a French language report. The company has 85 stores, in which 24 will be shut down permanently by the end of this month. Bizou originally filed for bankruptcy in the fall of 2020. ...