based out of Ohio, found itself in billions of dollars worth of debt, forcing them to file for bankruptcy. The cost of shipping and materials from overseas has played a factor in this, as well as a drop in sales. The store benefited when the pandemic hit a...
Herlihy, Janet
LL Flooring, formerly known as Lumber Liquidators, filed for Chapter 11 bankruptcy in August 2024 and soon after announced it would close all 400 of its stores across the United States. The company, a major player in hard-surface flooring, had initially planned to sell its business through the...
At the time of filing, the company said sales at its 66 stores were down more than 50% from 2019 due to pandemic lockdowns. In August 2021, the retailer emerged from bankruptcy after Second Avenue Capital Partners provided it with a $6.5M exit financing facility. L’Occitane Date: ...
NEW YORK, United States— When Modell's Sporting Goods filed for Chapter 11 Bankruptcy in March, it was supposed to be a standard liquidation: the New York-based retailer would conduct going-out-of-business sales at its 134 locations and then close the stores. The proceeds would go to cred...
the company closed 43 stores, and its bankruptcy filing is meant to accelerate those efforts, Katz said. 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 com...
Stores at time of filing:2,633 Despite earlier attempts to cut its store count and shift investments to digital,GNC filed for Chapter 11in June. GNC said the pandemic only exacerbated the financial pressure of recent years. While in bankruptcy, GNC said it hoped to speed up the closure of...
379 U.S. stores have closed, according to Coresight Research (as reported in WSJ). Add to this a steady parade of well-established retailers filing for bankruptcy in 2018, including Toys ‘R’ Us Inc., regional department-store operator Bon-Ton Stores Inc. and teen chain Claire’s, ...
The retailer, which runs smaller-than-average stores, had been struggling for a while as apparel sales growth ebbed and fewer consumers shopped at malls. A day after its bankruptcy filing, the Nasdaq warned its stock would be delisted on Dec. 15 — something Francesca’s wouldn’t appeal ...
Plans for the town never seemed to gain traction, with a 1992 Chicago Tribune articlequotinga resident calling it "deader than it was three years ago." After filing for bankruptcy due to an impending lawsuit, Basinger sold her shares, followed by Ameritech, with an accumulated $20 million los...