Two bankruptcies in less than two years. Shutterstock What’s left of the company is $470 million in debt and 2,500 vacant shoe shops. Of note, the liquidation of all its stores is the largest liquidation event in U.S. retail history. E-commerce options for Payless Shoes also disappeare...
Feb. 2, 2025 Liberated Brands in the process, which include Billabong, Roxy, Quiksilver and RVCA locations, among others. Authentic, which holds about a 20% stake in Liberated Brands, said it was supporting the company “as they evaluate their opportunity to reorganize their business and regain...
Although online shopping is often invoked to explain high-profile bankruptcies among US retailers (e.g., Sears, Sport Authority, Payless) and store closures by major retailers such as J.C. Penney and Macy's that took place over the last decade, other factors may have contributed just as muc...
11/14 Household debt, delinquencies, collections, foreclosures, and bankruptcies: our drunken sailors and their debts in Q3 2024 –Wolf Street 11/14 Totalitarianism begins with a denial of economics –Mises Institute 11/14 Trump just curb-stomped the uniparty –St.Onge 11/14 The Onion acquires...
the resulting chain of bankruptcies can cause a long economic recession as domestic businesses, and consumers are starved of capital. In the musical Mary Poppins, Mr. Dawes, the elderly banker, optimistically attempts to persuade young Michael to put his money in the bank on the grounds that,...
1. fail, die, sink, go down, fold (informal), founder, succumb, go bankrupt If one firm goes under it could provoke a cascade of bankruptcies. 2. sink, go down, founder, submerge The ship went under, taking with her all her crew. go up increase, rise, mount, soar, get higher In...
1. fail, die, sink, go down, fold (informal), founder, succumb, go bankrupt If one firm goes under it could provoke a cascade of bankruptcies. 2. sink, go down, founder, submerge The ship went under, taking with her all her crew. go up increase, rise, mount, soar, get higher In...
BLOOM: So if you have a great manager that’s very organized, that can deal with change, that inspires their employees, they can survive this. But I think a chaotic and disorganized firm could literally fall apart. And in fact, already we start to see bankruptcies start to head up. ...
Medical costs are the #1 cause of bankruptcy today (62% of all bankruptcies and 78% of these people even had health insurance!) and it’s only getting worse as healthcare costs continue to rise year after year. At this rate, it won’t be long before no one will be able to afford ...
In more than two decades with The Wall Street Journal, she covered retailing, oil and gas, housing, mergers, and bankruptcies, and was Dallas bureau chief for eight years, supervising a dozen reporters covering an eight-state territory. In that role, she coordinated and edited one of the ...