The fabric and craft storeJoann has officially filed for bankruptcy, doing so early last week. The popular store, 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 ...
Summary: Francesca’s said it would close roughly half of its 551 locations in malls across the US after filing for bankruptcy protection in December. The women’s clothing and accessories retailer had already closed 140 locations before declaring bankruptcy following 2 years of losses. In February...
Filing date:March 20 Outcome:Sold in bankruptcy auction to Camping World Holdings Gander Mountain ad. Gander Facebook page Gander Mountain filedfor Chapter 11 bankruptcy protection on March 10 with immediate plans to close 30 stores and offer itself up on the auction block. The outdoor and sport...
Retail Challenges Mount In Germany.The article reports on the economic conditions of the German retail industry, after retail stores Karstadt, Metro AG and Schlecker announced they will be eliminating jobs and mail-order retailer Neckermann announced it will be filing for bankruptcy....
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, ...
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...
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...
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 ...
Bay Area book retailer Books Inc. files for Chapter 11; closing store A 174-year-old independent local bookstore retailer is filing for bankruptcy reorganization. News Love's to upgrade 50 stores, open 20 new locations in 2025 Love’s Travel Stops will revamp its store footprint in the new...
Express Inc.filed for Chapter 11 bankruptcy in April 2024. The company cited challenges from changing consumer preferences, 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 fi...