Updated on: December 23, 2024 / 9:48 AM EST / CBS News The Container Store said late Sunday that it is filing for Chapter 11 bankruptcy protection after years of losses and declining sales. The retailer, known for selling storage and organizational products, said its stores and online operat...
Updated on: December 23, 2024 / 9:48 AM EST / CBS News The Container Store said late Sunday that it is filing for Chapter 11 bankruptcy protection after years of losses and declining sales. The retailer, known for selling storage and organizational products, said its stores and online operat...
where they opened a store in 1925 in Miami. The company bought up dozens of stores in the region and became Winn-Dixie in 1955. It ran into financial difficulties and filed for bankruptcy protection in 2005. Today, about 500 Winn-Dixie stores can be found throughout...
Southeastern Grocers filed for Chapter 11 bankruptcy in March of 2018, but it wasn’t the first time. By 2010 the company survived its first bankruptcy filing. As one of America’s largest private companies, it runs BI-LO, Harveys, Fresco y Más, and Winn-Dixie grocery stores, with most ...
We heard in back in July that Big Lots would be closing about 300 of its stores in 34 states. Today, we woke up to the news that Big Lots has filed for Chapter 11 Bankruptcy. What does this mean for the other stores? Are the stores in Texas and Arkansas safe?
CNN reported that Party City filed for bankruptcy in January 2023 after struggling to pay off its 1.7 billion U.S. dollars debt load. It recently exited bankruptcy in September 2023. That plan included the canceling of nearly 1 billion dollars in debt, the dissolution of its stock and a maj...
In April, California-based 99 Cents Only Stores filed for bankruptcy and subsequently initiated a process to dispose of its assets, including its inventory, owned real estate and store leases. The deep-discount retailer said in a statement that it was planning to close all 371 of the company'...
Party City announced Saturday that it would start a “wind down” of its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide. The company has also filed for Chapter 11 bankruptcy protection for the second time in less than two years “to maximize value for ...
On the websitestates that the company is waiting to see what the court decides on the bankruptcy application. “We thank our employees for their efforts, our customers for their years of loyalty, and our trading partners for their cooperation.” ...
The good news is the company has found a buyer after filing for Chapter 11 bankruptcy. The bad news is, more stores will be closing. Big Lots reported a net loss in the first quarter of 2024 of $205.0 million. Sales totaled $1.009 billion, over 10% less than last year's first quarte...