Date: April 2023 Categories/Product(s): Wholesale products Boxed— an e-commerce platform selling wholesale consumer goods — entered into bankruptcy in April. Warning signs revealed themselves gradually in the months leading up to its filing. For example, its stock price and market cap both fell...
increased competition from fast-fashion and athleisure brands, and residual financial pressures from the COVID-19 pandemic as key factors leading to the filing. The bankruptcy filing was also made to facilitate a potential sale of the majority of its assets to ...
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...
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...
Herlihy, Janet
Well-known brands such as Payless, Z Gallerie, and Charlotte Russe announced bankruptcy in the first four months of 2019. High-end retailers were not exempt from filing for bankruptcy, as Barney's New York, Roberto Cavalli, and Sonia Rykiel also liquidated.9The shift to online shopping was ...
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...
An ABC is a liquidation process that’s generally faster and cheaper than a Chapter 7 bankruptcy filing. These 24 retailers mark a significant increase compared to the previous two years and align more closely with pre-pandemic trends. So far in 2024, retail...
January 25, 2023 post share post print email ### About About Stark & Stark: Since 1933, Stark & Stark (www.stark-stark.com) has developed innovative legal solutions to meet our clients’ needs. Boasting one of the oldest law practices in New Jersey, Stark & Stark offers ...
Several DTCs have closed stores they opened over the past few years, while others have cut staff at such locations. Forma Brands, beauty accelerator and owner of the makeup brand Morphe, closed all its U.S. stores in early January 2023 just before filing for bankruptcy the following week. ...