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The luxury chain filed for Chapter 11 bankruptcy in the Southern Court of Texas in May 2020. [221] New York & Company shuttered all of its stores by late summer 2020 as a result of its parent company, RTW Retailwinds, filing for bankruptcy. [222] In October 2020, its remaining assets were sold to New York investment company Saadia Group. [223]
MC Sports – filed for bankruptcy and closed in 2017; Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores. At the time of the announcement, Modell's was the world's oldest sporting goods chain
The company first filed for Chapter 11 bankruptcy protection in the U.S. in January last year. Later that year it reached a plan to exit bankruptcy, which saw a cancellation of about $1 billion in ...
Bealls / ˈ b ɛ l z / was a Texan chain of department stores, owned by Stage Stores Inc. and headquartered in Houston, Texas. The store specialized in retailing desirable brand name apparel, accessories, cosmetics, footwear, and housewares. On May 11, 2020, it was announced that Stage had filed for bankruptcy and they soon began liquidating ...
Only three retailers filed for bankruptcy in the second half of 2021 versus 20 in the same period in 2020, according to a report from BDO. There were no new retail bankruptcies filed from mid ...
2019 was a tough year for some of the biggest retailers -- over 10 national brands have filed for bankruptcy this year, and the list continues to grow. Barneys and other shocking retail ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Chapter 11 bankruptcy is often referred to as "reorganization bankruptcy" and typically allows a business to stay open while it reorganizes funds to pay off existing debt over time.