Search results
Results From The WOW.Com Content Network
The chain filed for its second bankruptcy and liquidation on August 7, 2019, [13] closing the remaining 54 stores [14] with plans to auction its intellectual property. [15] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [16] The shoe chain emerged from bankruptcy two years later. [17]
Notably, retail closures have picked up this year because the sector’s sugar high of 2021 and 2022 — when consumers were buying new furniture, televisions and clothing — has ended. There ...
It filed for bankruptcy in 1996 and shuttered stores, and another bankruptcy in 1999 put the company out of business. [55] Cygnet Shops – women's fashion store that closed in 1975; DEB – closed its stores in 2015, and returned later that year as an online-only retailer selling plus-size clothing
While tons of companies are in the midst of bankruptcy today, they're following in the footsteps of many recognizable retail brands before them. The 5 biggest retail bankruptcies of the past ...
It closed its final 360 stores and also 120 buybuy BABYs in one of the largest retail bankruptcies in years. Shoppers leave a Bed Bath & Beyond store, after the company declared bankruptcy, in ...
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 ...
This year brought bankruptcies for Hertz, J.Crew, J.C. Penney and hundreds more. 2021 should be less dire—but there are still plenty of retailers in the danger zone. 14 of the biggest ...
On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...