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 operations will remain open while it goes through the bankruptcy ...
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 operations will remain open while it goes through the bankruptcy ...
If it’s the former, the seventh chapter of the U.S. bankruptcy code lays out the groundwork for an outright liquidation of all the company’s assets, as well as equitable distribution of whatever funds can be raised. If it’s the latter, the company follows the rules according to the ...
For Sears, the merger withKmartwas supposed to be a lifeline, but it became an anchor. Two struggling giantsclung to each other, asking consumers to find value. What was Sears? A discount store? An upscale retailer? The identity crisis diluted its once-strong brand, leaving shoppers confused...
Several big closings have been in the news recently, including LL Flooring, formally known as Lumber Liquidators, which has filed for bankruptcy, and discount retailer Big Lots closing several locations in New Jersey. Now another store is having financial trouble. ...
Nordstrom’s excellent approach to omnichannel marketing helped it thrive while others filed for bankruptcy. While some retailers saw ecommerce as a threat, Nordstrom proves that online and offline can co-exist. 3. Nike Nike is another example of combining online with offline to achieve breathtakin...
Image source: Aeropostale. Earlier this month, hip teen clothing retailerAeropostalefiled for Chapter 11 bankruptcy. In yet another sign that clothing retail stores are struggling, the company announced its intention to emerge from bankruptcy later in 2016, but with the closure of all of its stores...
In either case, Hertz has used its brand equity and vast vehicle fleet to make itself more relevant to the consumers of today. Weaknesses/Opportunities (WO) Just a few months into the COVID-19 pandemic, Hertz was forced to file for bankruptcy citing a sharp decline in revenue and bookings...
Shoe retailer Payless filed for bankruptcy in April 2017, almost two years before the business finally ceased operations. The company shut down about 700 stores and repaid about $435 million in debt under court supervision. Four months later, the court allowed it to emerge from bankruptcy. It c...
The law automatically provides theimplied warranty. These are a part of all retail sales of new and used consumer goods. The retailer of an item implies that the item will work properly and be of average grade and quality as long as it's used for the purpose for which it was sold.1A ...